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?
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.
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?
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.