Just speculating for fun. I suspect that either Bitcoin will decouple from the markets as a result of the recession or because of an event that happens during the recession. Would love to hear someone else's thoughts on this and maybe some data to go with it.
pull down to refresh
200 sats \ 0 replies \ @nerd2ninja 15 Jun 2022
A decoupling event will occur when two conditions are met:
-
There are enough Bitcoin businesses to act as a financial lifeboat for no coiners
-
Either inflation or depression become unbearable
The combination of these two peices will result in the rejection of Bitcoin as a more obvious blow to personal finances than is currently understood, but I believe that one without the other will not have the effect people might be expecting. I think right now we're in a time when people could be suffering from inflation or an economic callapse and still do whatever is neccesary to support the current system. Be it driving an obviously inconvient truck full of cash to buy bread, or begging politicians for more inflation in the case of a crash.
reply
140 sats \ 0 replies \ @notgeld 15 Jun 2022
I think decoupling happened in my heart.
reply
30 sats \ 0 replies \ @k00b 15 Jun 2022
Yes. I feel like there are enough Bitcoiners with large fiat cashflows (even in recessions) to break the coupling.
reply