Why is Bitcoin now inversely correlated to good news about Corona?
Why is Bitcoin now inversely correlated to good news about Corona?
Benjamin Morgan
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Julian Rodriguez
WHAT JUST HAPPENED BROS
Bentley Harris
BUMPING BECAUSE IMAGE IS UFNNY
Julian Evans
Because the pump is due to a vaccine which people think means everyone will go back to work and the economy will boom. In reality we are about to roll into a deep recession so it’s a good time to sit in cash and wait for assets to get cheap and go on a buying spree.
Carter Miller
$ is mooning.
Andrew Clark
it means the money printer is going to stop user
pandemics are good news
Benjamin Hill
there is zero correlation, how about the 2 days ago dump?
it's just a bit overbought, it will crab a bit and then go to ATH
Lincoln Cook
In case you've been living under a rock for the last 6 months, Bitcoin is being espoused as the new digital gold, as it's better for this purpose in every conceivable way. GLD is down too.
Everyone wants a piece of beaten down stocks right now. Short term adjustment, long term nothing has changed. Inflation is still f'd and stock market is still sitting at ATH, and that was from the previously bloated pre-covid levels.
Parker James
>it means the money printer is going to stop user
>zero interest rates until 2025
pick one
Christian Allen
Zero interest rates means nothing if no one is borrowing.