Cykros on Nostr: #GM fellow plebs. Enjoying the holiday sale. Getting curious and trying to game out ...
#GM fellow plebs. Enjoying the holiday sale. Getting curious and trying to game out the juxtaposition of surging #bitcoin and a potential large scale deleveraging in the #dollar system as the most telegraphed #recession in history may finally be making itself known.
Particularly of interest will be if Russia and some of the other PNG's of the dollar system capitalize on the rest of the world scrambling to cover their dollar liabilities by buying this and any other dips in bitcoin.
Breaking the historic correlation with other risk assets would be a pretty big step for bitcoin, and the fracturing of the #eurodollar system seems to make it eventually inevitable. The question is, now, or later?
Particularly of interest will be if Russia and some of the other PNG's of the dollar system capitalize on the rest of the world scrambling to cover their dollar liabilities by buying this and any other dips in bitcoin.
Breaking the historic correlation with other risk assets would be a pretty big step for bitcoin, and the fracturing of the #eurodollar system seems to make it eventually inevitable. The question is, now, or later?