hh on Nostr: What I was illustrating is that BTC's price in USD needs to keep up with the dollar's ...
What I was illustrating is that BTC's price in USD needs to keep up with the dollar's depreciation. Just between the last bull run and now, the actual ATH in terms of purchase power is probably $90k, not the celebrated $70k. So, a "slow crab walk" doesn't cut it. We need escape velocity.
Published at
2024-06-05 14:55:55Event JSON
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"content": "What I was illustrating is that BTC's price in USD needs to keep up with the dollar's depreciation. Just between the last bull run and now, the actual ATH in terms of purchase power is probably $90k, not the celebrated $70k. So, a \"slow crab walk\" doesn't cut it. We need escape velocity.",
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