To everyone who has high conviction that BTC is a good hedge for the next economic crisis, I recommend reading Ray Dalio's https://www.principles.com/big-debt-crises/ … Chances are you'll come to the conclusion that BTC will outperform in inflationary crises and underperform in deflationary crises.
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Replying to @QWQiao
i would like to believe that crypto is a hedge trade, but realistically right now it's a risk trade
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Replying to @evan_van_ness
As much as I love Ethereum and a few alts, I think they are more of a risk trade than Bitcoin. Bitcoin is still a good hedge for certain low probability scenarios.
4 replies 0 retweets 5 likes -
Replying to @QWQiao
Only if people believe it is. And if people unwind their BTC risk trades, not clear whether it provides any hedge at all. BTC is just a meme, after alk
1 reply 0 retweets 4 likes
its not a "meme", that's a very simplistic way of looking at it. It's objectively superior money due to its credibly disinflationary monetary policy, a policy whose curve is difficult to change unlike other alts.
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