Bitcoin spirals

[Hanno Labuschagne]

Bitcoin spirals

Bitcoin delivered another white-knuckle ride Tuesday, dropping 10% before paring much of the slide as speculators struggled to price in the prospect of even bigger Federal Reserve interest-rate hikes to quell inflation.

The world’s largest digital token more than halved a $2,386 intraday drop to trade at $22,690 as of 2:19 p.m. in Tokyo.

[Bloomberg]

 

[JayM]

1) High inflation leads to higher rates.
2) Higher rates leads to lower BTC price.
3) BTC is an inflation hedge.

Pick 2.

 

[zll]

 

[w1z4rd]

No fud here being astroturfed, believe Bloomberg, they would never lie to protect the current status quo.

 

[backstreetboy]

View attachment 1330108

People still trust old Billies view on anything?

 

[mr_norris]

View attachment 1330108

He still the oke that shorted Tesla. Contradicts everything he says there. The oke is out there to make money, not invest in things that hAvE VaLuAblE oUTput. Yawn.

 

[zll]

He still the oke that shorted Tesla. Contradicts everything he says there. The oke is out there to make money, not invest in things that hAvE VaLuAblE oUTput. Yawn.

His point still stands. At this point crypto isn't integrated enough into any real world systems for it to have any actual value. Blockchain tech is great, but people throwing their money into crypto isn't.