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TylerFoust🎩
@tylerfoust.eth
Yesterday, the stock market dropped by $1.5 trillion. Panic, red charts, as usual. And the bitcoin? It's still standing. And it's even trying to breathe up. We're used to BTC being the first to fall in a crisis. But here, it is calm. And this gives us hope: maybe it is becoming a safe haven after all? Macro data is mixed: - The labor market is still holding up, - but construction is already falling apart. The Fed may change its tone again. And if so, it will be interesting to see whether BTC will survive the role of digital gold when the real shaking starts. What if this time it's really different?
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Ramsey 🎩🤝
@ramsey
It happened a week (or so) ago as well. I don't think we decouple just yet. In terms of size, we're still only a fly compared to stocks/bonds (which fell 3T a few days ago, which is over the entire crypto mcap). And crypto money/liquidity is being sucked out to further manipulate the trad markets. https://warpcast.com/ramsey/0xf0ff8282
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TylerFoust🎩
@tylerfoust.eth
Right now, yes, the crypt is just a drop in volume. But over time, even a drop can wash away the stone. The main thing is that we should not repeat the mistakes of the stock world.
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