learnaboutbit on Nostr: Bitcoin and probably gold are the winners with this global economic havoc. People ...
Bitcoin and probably gold are the winners with this global economic havoc. People will look to safety/uncorrelated assets with all the uncertainty in the markets/global financial system. When governments come in and provide life support (liquidity), bitcoin will soak it up.
We may see more downside before we see upside for Bitcoin.
But sooner or later people realize that Bitcoin is not a risk asset, Bitcoin is the lifeboat.
#bitcoin #recession
Published at
2024-08-05 23:35:33Event JSON
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"content": "Bitcoin and probably gold are the winners with this global economic havoc. People will look to safety/uncorrelated assets with all the uncertainty in the markets/global financial system. When governments come in and provide life support (liquidity), bitcoin will soak it up.\n\nWe may see more downside before we see upside for Bitcoin. \n\nBut sooner or later people realize that Bitcoin is not a risk asset, Bitcoin is the lifeboat.\n\n#bitcoin #recession",
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