Re: If inflation is rising, why isn't crypto more valuable now?
Because the Fed is tightening the balance sheet through QT and rate hikes, causing investors and speculators in risk assets, like stocks, commodities, and cryptocurrencies to sell.
But ser, in Bitcoin's situation, ZOOM OUT. It has increased by MORE than ten-fold from under $1.00 to more than $10,000 and in my opinion still on its path of price discovery to $100,000.
But ser, in Bitcoin's situation, ZOOM OUT. It has increased by MORE than ten-fold from under $1.00 to more than $10,000 and in my opinion still on its path of price discovery to $100,000.