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Would have expected another run after the next halving but we’re in uncharted territory honestly. Bitcoin and crypto only came about in the post 2008 era of eas
by puranjay 4y ago
Would have expected another run after the next halving but we’re in uncharted territory honestly. Bitcoin and crypto only came about in the post 2008 era of easy money. If that spigot dries up, its not certain they will keep going up every halving like they used to.
On the other hand, after the current central bank shenanigans, trust in centralized institutions is even lower and non-centralized currencies become more attractive.
Its a wait and watch for me.
- fleddr 4y agoThere's no shortage of easy money, there's shortage of confidence. Every single crisis the already wealthy become even more wealthy. Right now they're consolidating and derisking, wait a few years and the chips are on the table again. Besides the wealthy, there's the army of believers putting in small money.
- puranjay 4y ago“Easy money” as in it was dirt cheap to borrow money and the Fed had been doing QE since 2008. That ends now - at least for a while. Risk assets look very different when you can borrow at 0.5% interest rate vs 3.5% interest rate.