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As long as BTC has tons of "price action," it can't live up to the dream of a stable non-central-bank-backed currency. It will continue to be a speculative ass
by pclmulqdq 4y ago
As long as BTC has tons of "price action," it can't live up to the dream of a stable non-central-bank-backed currency. It will continue to be a speculative asset. At this point, the only actual "inflation hedge" in the cryptocurrency space seems to be Monero. Everything else has "price action" like levered NASDAQ.
- jondwillis 4y agoI hear you and agree that it has always been speculative, and has been trading in sympathy/speculative bubble with US tech for quite some time. However, it did de-couple from the NASDAQ after the SVB dust began to settle.