You are making a correct observation and I do not dispute that. Far from it.
But that is not what I am pointing towards. This is not about differences in valuation.
What I am pointing at is the movements within the asset-classes I mentioned in my post. They are chained up. This begs the question: How compromised is bitcoin?
For those who are avid believers and downvote-kneejerkers who are butt-hurt for even my daring to question what is going on in this day and age:
I am not discounting the value for market of a crypto/ blockchain system. I am hoping to evoke your thinking ability and interest to look deeper into the ecosystem of finance and ask yourself: why does this happen? What is the circuitry? How is liquidity moving through the asset classes? And when I say ecosystem, you have to look at the whole damn picture: commerce, trade, fiscal, banking, regulatory.
You are making a correct observation and I do not dispute that. Far from it.
But that is not what I am pointing towards. This is not about differences in valuation.
What I am pointing at is the movements within the asset-classes I mentioned in my post. They are chained up. This begs the question: How compromised is bitcoin?
For those who are avid believers and downvote-kneejerkers who are butt-hurt for even my daring to question what is going on in this day and age:
I am not discounting the value for market of a crypto/ blockchain system. I am hoping to evoke your thinking ability and interest to look deeper into the ecosystem of finance and ask yourself: why does this happen? What is the circuitry? How is liquidity moving through the asset classes? And when I say ecosystem, you have to look at the whole damn picture: commerce, trade, fiscal, banking, regulatory.