69 sats \ 3 replies \ @sancristrader 14 Jul 2022 freebie \ on: Consumer Price Index Hits 9.1% bitcoin
Can someone explain to me why BTC and gold are dropping while the inflation is rising?
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0 sats \ 2 replies \ @kr OP 14 Jul 2022
in the short-run, i can see how bitcoin is linked to risky assets and tends to trade in tandem with tech stocks when markets fall quickly.
in the long-run, i would be surprised to see bitcoin not respond to higher inflation with a higher price tag.
don’t forget, bitcoin is 2-4x higher than it was in early 2020, prior to the money-printing that caused this inflation.
when in doubt, zoom out.
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169 sats \ 1 reply \ @sancristrader 14 Jul 2022
What about gold though? Gold is barely up if at all relative to 2020.
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0 sats \ 0 replies \ @kr OP 14 Jul 2022
Bitcoin is eating into it’s use case as a store of value, and will continue to over time.
I think gold’s performance in the next decade depends on how much of its market Bitcoin can eat, and how quickly that happens.
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