1) ok so I'm confused, people were saying BTC wasn't an inflation hedge
the evidence: when expectations of interest rates went up, BTC went down.
that's... how a hedge works?
If anything the weird part has been how much of an inflation hedge *everything* has been
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2) also, in the last few days we've started to see S&P and BTC decouple a little bit, with BTC outperforming S&P. BTC has seemed more inflation-hedge like, and S&P more liquidity driven.
We'll see if that lasts.
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inflation hedge that reduces people's net worth by 50%, HUGE PASS IMO, it's all about that gold and silver baby
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It’s old news. For a little bit the btc and sandp charts did decouple. I’m thinking last week? I can’t remember though.
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Sam - thanks for the level-headed analysis.
Pretty cool to hear your macro thoughts - please continue to drop them from time to time ❤️🙏🏽
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