3 ms·

Or maybe retail investors are more worried about inflation (realizing it's ruining them anyway) and buying BTC as a hedge? (doesn't matter if it is one or not,

• belltaco 3y ago
  Inflation means the Fed will increase interest rates, which means there isn't much money sloshing around for speculators to put into Bitcoin. Which is why BTC went down when inflation was high, and now is going back up after the Fed signaled interest rate cuts next year because inflation is going down. So it doesn't sound anything like an inflation hedge because the demand for it isn't constant. Bitcoin is tracking tech stocks speculation more than being stable during inflation.
  • gosub100 3y ago
    yep, lack of disposable income is why poor people practically never buy drugs. See, the money supply is too tight and they cant borrow, they dont earn anything, so they simply can't pay for drugs or alcohol. This is why low-income segment has the lowest substance abuse percentages ever. /s
    • belltaco 3y ago
      If you give poor drug addicts more money they're going to use that money to buy mroe drugs, so I don't get what you're saying. Prood that BTC is inversely correlated with inflation. https://news.cryptorank.io/wp-content/uploads/2022/09/photo_2022-09-15-11.13.21.jpeg https://news.cryptorank.io/wp-content/uploads/2022/09/photo_...