Great analysis. Lyn Alden said, during times of greatest uncertainty investors like cash and bitcoin is one of the most liquid assets that trades 24/7 and can be converted to cash. Hence Bitcoin easily sells off in times of stress. It’s a bummer that the SOV narrative for Bitcoin is now gone or you have to have a multi year horizon.
Maybe the Fed changes the game to 3% inflation target. There is an article on Business Insider talking about this. I can't post a link. Mohamed El Erian from Allianz is pitching it. I did a twitter poll about and tagged you in it. :)
Great analysis. Lyn Alden said, during times of greatest uncertainty investors like cash and bitcoin is one of the most liquid assets that trades 24/7 and can be converted to cash. Hence Bitcoin easily sells off in times of stress. It’s a bummer that the SOV narrative for Bitcoin is now gone or you have to have a multi year horizon.
Yep, great point about the liquidity aspect of Bitcoin.
Hopefully we won't have to wait too long to see a new parabolic move. Probably all it takes is some reset and the start of a new QE cycle.
Given that the Fed has very little wiggle room to do anything maybe it isn't that far away.
Maybe the Fed changes the game to 3% inflation target. There is an article on Business Insider talking about this. I can't post a link. Mohamed El Erian from Allianz is pitching it. I did a twitter poll about and tagged you in it. :)
Yep I've seen this one. Possible, after all having a higher average inflation helps with managing the debt.