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You seem to assume an increase in the future. It boomed and busted in 2017. Then wasn't going anywhere for years until central banks generated massive liquidit
by HFguy 4y ago
You seem to assume an increase in the future.
It boomed and busted in 2017. Then wasn't going anywhere for years until central banks generated massive liquidity and all assets jumped (because cash went to zero and pushed everyone out on the risk curve). That's direct cause and effect.
Given the liquidity is being taken away, what is going to save the day for Crypto next? What would cause it to recover to previous highs? I don't think recovery is predestined.
Anyway, what is to say bitcoin shouldn't be $10,000? Or $1000? Or $1?
- mattwilsonn888 4y agoBitcoin's price action has always been related to the relative supply of Bitcoin and fiat, but the fed is not the primary driver of this supply disparity - Bitcoin itself is. Bitcoin's inflation rate is cut in half every four years and consistently marks a new market cycle. The fed obviously has power over those relative supplies as well, but lower liquidity has no preference for up or down when it comes to price.