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What's scarier, the idea that after all these years the markets haven't priced this into cryptocurrency valuations ... or that cryptocurrency valuations might a
by naniwaduni 5y ago
What's scarier, the idea that after all these years the markets haven't priced this into cryptocurrency valuations ... or that cryptocurrency valuations might already have priced this in?
- qgin 5y agoIt’s hard for me to imagine how it isn’t the first one. Nothing is really priced in the Bitcoin’s valuation except risk on / risk off. It’s a pure play on appetite for risk assets and that’s about it. People say it’s an inflation hedge but it drops on big inflation prints. It has super tight correlation with hyper growth tech stocks. It makes big moves sometimes when Elon tweets, but otherwise it’s mostly just following appetite for risk.
- aaaaaaaaata 5y ago> Nothing is really priced in the Bitcoin’s valuation If you are not buying or selling Bitcoin, or talking to people who are, at best! this is conjecture.