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I think you're right. The economic stimulus is mostly going in rich people's pockets which happen to like the idea of BTC and Tesla. They're likely worried abou
by jokethrowaway 6y ago
I think you're right.
The economic stimulus is mostly going in rich people's pockets which happen to like the idea of BTC and Tesla.
They're likely worried about inflation, so they need to invest the money.
And that's how you get BTC and Tesla's meteoric rise.
- smabie 6y agoIf by "rich people" you mean institutional investors, then yes. The flows into crypto from institutional investors is absolutely staggering. And it will only continue. This is just the beginning. Even if the returns of btc were poor, it would still be a very attractive investment as uncorrelated assets boost the risk adjusted returns of a portfolio.