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What's happening here isn't causing the recession, it's indicating it, for the most part. Crypto was never really disconnected from the public markets, not like
by jvanderbot 4y ago
What's happening here isn't causing the recession, it's indicating it, for the most part. Crypto was never really disconnected from the public markets, not like it claimed it was.
- mountainriver 4y agoExactly, the crypto bubble is tied to US monetary policy, even though they don’t want you to think that. Every time I make a comment about this I get downvoted by the crypto gang.
- rlt 4y agoMaybe the nuevo crypto gang, but OG Bitcoiners have seen enough bubbles they view them as inevitable and don’t particularly care about the reason for them.
- jankyxenon 4y agoSeen enough bubbles? They’ve only known one type of monetary policy and rate environment (essentially zero). This is uncharted territory for all crypto.