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I know it’s a flawed analogy, but considering the influence China has on Bitcoin, on some level buying into Bitcoin seems not unlike shorting the US dollar.
by goblin89 6y ago
I know it’s a flawed analogy, but considering the influence China has on Bitcoin, on some level buying into Bitcoin seems not unlike shorting the US dollar.
- nlitened 6y agoIf you live in the US, your real estate is in the US, your salary is in US dollars, and your pension is in US stocks, you are already pretty deep in long US dollar. Might as well diversify your egg basket a bit, just from financial risk management perspective.
- herbst 6y agoCompared to CHF the dollar looks like a sad piece of currency for the past months and even years. So shorting USD sounds like a pretty good idea
- andxor 6y agoShorting the USD seems like a pretty good idea given the insane amount of money printing.