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And crypto has also categorically failed to be a hedge against inflation! It has proved to be high correlated and it is just as fiat as anything else. Backed by
by abakker 4y ago
And crypto has also categorically failed to be a hedge against inflation! It has proved to be high correlated and it is just as fiat as anything else. Backed by irrational exuberance.
- d_e_solomon 4y agoMost of the gains in Bitcoin are highly correlated with gains in the SP500. The times that it tends to decouple is when Bitcoin is crashing due to Bitcoin problems. So definitely not a great inflation hedge and definitely a rather risky asset class.
- deleted 4y ago[deleted]
- kzrdude 4y agoSeems to be correlated with everything else that was buoyed by surplus money
- dinkumthinkum 4y agoPeople talk about fiat as currency as if it is ludicrous but the crypto market has verifiably been a series pump and dump schemes.
- jrm4 4y agoIt is ludicrous, and crypto is even more ludicrous. But honestly, the first step to understanding any of it is to first realize that it is all quite absurd.
- kobalsky 4y agobesides those US-citizen-only, 15k-per-year-maximum, inflation indexed bonds, what was a safe and good hedge against inflation? SPY is closing a big fat red yearly candle, and I wouldn't call real state safe since you could be easily overpaying above inflation. what are you using to benchmark crypto against?