Peter needs to embrace Dark Maximalism tho. This was another good article by him. I don't know about a crash or it being months away, that's some ZeroHedge nonsense, but generally by the time a recession is official, the bottom is in and markets horn gore no?
March 2020 was the Covid bottom just as lockdowns began
March 2009 was the Great Recession bottom as QE began and major auto companies started filing for bankruptcy
October 2002 was the Dotcom bottom as the Iraq war was approved by Congress
Peter needs to embrace Dark Maximalism tho. This was another good article by him. I don't know about a crash or it being months away, that's some ZeroHedge nonsense, but generally by the time a recession is official, the bottom is in and markets horn gore no?
All based on Dow⤴
All coincided with instances of monetary expansion of course. I mean Peter my bitcoin fren! This fiat game will play out in waves way longer than you Austrians are comfortable admitting! That's fine for BTC! It has a quote price and will absorb more value with each wave. Bitcoin will have a quote price for a very long time. Fiat's job at this point is to finance us into the cheap/free energy future where bitcoin is no longer a softball used in a baseball game. https://imgprxy.stacker.news/AmXn4mu9TkrCHaSCwAnVGDnbIqp_OW9Y26vBoqOZU4E/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pbWFnZS5ub3N0ci5idWlsZC9kMDBiM2VjOTQ2YzNjNjcwZDQ4ZDZhNDhiZDViNDdhN2E4NmE1Y2I3YzRlZDM1N2JhZTRhNWY0YWQzZmRhOTQ2LmdpZg