3 ms·
> U.S. inflation rate rises to 13-year high of 5.4 Time to go long BTC (has been the case every day for the last 10 years, as a matter of fact).
by ur-whale 5y ago
> U.S. inflation rate rises to 13-year high of 5.4
Time to go long BTC (has been the case every day for the last 10 years, as a matter of fact).
- johnebgd 5y agoThe Tether fraud has inflated BTC far more than 5.4% in the last year.
- ur-whale 5y ago> The Tether fraud has inflated BTC far more than 5.4% in the last year. Tether is a concern. What happens to BTC when (not if) it blows up is unclear, there is a whole spectrum of opinion on the topic. It will certainly create huge ripples in the BTCUSD curve. I personally believe Tether's implosion will be a very good thing for Bitcoin if you have a long term horizon. With regard to "inflating BTC", I'm not sure I understand why it's a bad thing.
- blantonl 5y agoSo what you are essentially saying is, regardless of inflation, we should be long BTC?
- ur-whale 5y agoTake a look at BTCUSD over the 2011-2021 period and make your own call.
- Ekaros 5y agoTook one years ago and it didn't make sense back then, it still doesn't make sense. The utility and value provided is so marginal... But I don't know anything so. Market can be illogical for long time.