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Almost every speculative asset was up then, capital was desperate to go anywhere as borrowing was cheap and savings rates were high.
by mancerayder 4y ago
Almost every speculative asset was up then, capital was desperate to go anywhere as borrowing was cheap and savings rates were high.
- NicoJuicy 4y agoExplain why Bitcoin went down before COVID then. As you say, borrowing was cheap. There was no reason for it to decline after 2018 till 2020... Reminder: other speculative assets didn't decline then :) As I said before, Covid, with boredom and free money. No one used Bitcoin as investment and not many would borrow money for buying crypto. Still: no one cares about Bitcoin anymore except some select people that live in the past.