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For all these discussions that are saying the price of tech is supposed to go down. I think the dominant force right now is currency devaluation. Look what happ
by maerF0x0 5mo ago
For all these discussions that are saying the price of tech is supposed to go down. I think the dominant force right now is currency devaluation. Look what happened to gold prices and for many real assets over the past couple years.
Yes demand is increasing, but I also think something is going on with many currencies. People do not want to hold them.
Additionally USD has really been falling globally.
https://wise.com/us/currency-converter/usd-to-all-rate/chart https://wise.com/us/currency-converter/usd-to-all-rate/chart
~120 --> ~80 high to low past ~4 yrs. a loss of 30%