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Since crypto doesn't have any intrinsic value to base its prices on, it essentially follows US interest rate news and Nasdaq. Also, the occasional pump by Teth
by senttoschool 4y ago
Since crypto doesn't have any intrinsic value to base its prices on, it essentially follows US interest rate news and Nasdaq.
Also, the occasional pump by Tether other shady stable coins.
- andirk 4y agoNow that it follows stonks and other traditional investments makes crypto less interesting to me, but that's just my gambling side. Its intrinsic value is that it is an avenue of transacting value outside of the reach of the exact governments and their policies (see: 2008) that caused Satoshi to create it in the first place. And Tether is a joke.