This kind of annoys me w/ crypto TBH. The emotions are very hard to read. I get stocks and commodity pricing. Forex. Oil/Futures... etc. But crypto should* theoretically perform as good or better than precious metals in times of economic or political turmoil.
Who the fuck is selling off so much of it, and why? The crypto market is going down across the board. So, it's not like BTC is being traded for other crypto assets. PM's aren't appreciating fast enough to justify a rapid wealth transfer (Crypto into Silver/Gold)... or even a shift to GME or NFT's.
So, why? Why the fuck would people liquidate crypto in massive waves to go back to a failing fiat currency during record inflation?
Turns out billions goes into stable coins, so people are literally putting their wealth on centralized exchanges, where it can be seized and devalued through inflation because of some old faulty logic saying "cash is king".
What really happens is that those who control fiat, obviously print more and buy up more assets for themselves soon as all markets crash. It's theft by design.
They are mostly speculative assets. Speculative in terms of their use cases and in terms of price.
On top of that, the crypto exchanges are manipulated.
I wouldn’t think the markets will choose them as safe haven over precious metals when shtf. Just my 0.02c.
I'm just a crypto laymen but I do believe Ukraine is heavy invested into at least crypto infrastructure....
https://fortune.com/2022/01/31/ukraine-crypto-superpower-russia-crisis-investors-bitcoin/
It seems to me if enough crypto infrastructure is targeted in military attacks if may affect crypto somewhat or even to a large degree
This kind of annoys me w/ crypto TBH. The emotions are very hard to read. I get stocks and commodity pricing. Forex. Oil/Futures... etc. But crypto should* theoretically perform as good or better than precious metals in times of economic or political turmoil.
Who the fuck is selling off so much of it, and why? The crypto market is going down across the board. So, it's not like BTC is being traded for other crypto assets. PM's aren't appreciating fast enough to justify a rapid wealth transfer (Crypto into Silver/Gold)... or even a shift to GME or NFT's.
So, why? Why the fuck would people liquidate crypto in massive waves to go back to a failing fiat currency during record inflation?
Turns out billions goes into stable coins, so people are literally putting their wealth on centralized exchanges, where it can be seized and devalued through inflation because of some old faulty logic saying "cash is king".
What really happens is that those who control fiat, obviously print more and buy up more assets for themselves soon as all markets crash. It's theft by design.
They are mostly speculative assets. Speculative in terms of their use cases and in terms of price. On top of that, the crypto exchanges are manipulated. I wouldn’t think the markets will choose them as safe haven over precious metals when shtf. Just my 0.02c.