Thanks for sharing. Malinen's Twitter thread is an interesting read for something like me who thinks the Eurozone has grown way beyond what is good for the people within it.
The bailouts being proposed to counter the COVID-19 outbreak may cause citizens of creditor countries to object to their taxes being used to bail out banks of other financially distressed countries, thus eroding the cohesiveness of the union.
This sort of made me laugh because people in the smaller countries who stand to lose the most for the good of the union, didn't give a fuck when Greece was getting bent over, did they?
As for linking the EU crumbling, directly to the price of Bitcoin crumbling, I think that might be a bit of a stretch.
If the EU did crumble in spectacular fashion, it would have an effect on everything, not just Bitcoin.
Not to mention we still don't know what Bitcoin actually is...
Everyone talks about it being a store of value like Gold, but it certainly doesn't act like a risk-off asset when shit starts to hit the economic fan.
In my opinion, I think once the market matures a little bit more, that it will be the store of value every Bitcoiner wants it to be.
But we're not quite there yet and like you've charted, will continue to follow risk assets like stock market indices up and down for now.
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