rg on Nostr: Quoting #[0] "Bitcoin's price in dollars might be it's least interesting aspect" I'm ...
Quoting caitlinlong (npub1uyz…8632)
"Bitcoin's price in dollars might be it's least interesting aspect"
I'm gonna have to disagree. After watching this week's rally, I think BTCUSD is the purest signal there is in measuring the public's confidence in the legacy centralized financial system. By this I mean, central banks, the banking system at large, and centralized crypto exchanges.
Just like FTX's collapse signaled a lack of confidence in centralized exchange and custody, last week's rally signaled lack of confidence in tradfi.
"Bitcoin's price in dollars might be it's least interesting aspect"
I'm gonna have to disagree. After watching this week's rally, I think BTCUSD is the purest signal there is in measuring the public's confidence in the legacy centralized financial system. By this I mean, central banks, the banking system at large, and centralized crypto exchanges.
Just like FTX's collapse signaled a lack of confidence in centralized exchange and custody, last week's rally signaled lack of confidence in tradfi.