Hmm.. seems that he really beleives that if the macro environment fail it will crush BTC and everything with it.. Will it though?🤣
Hmm.. seems that he really beleives that if the macro environment fail it will crush BTC and everything with it.. Will it though?🤣
We will see, BTC was created supposedly for this exact kind of conditions :)
Exactly! So why would that basement be crushed then? :P maybe crypto decides to go party at the attic instead of the basement - going around the overall macro environment lol!
The trouble crypto has is that it is fast to liquidate and operates 24/7. Speculators will cash out their bags to cover margin calls on their stocks. The good thing about crypto is also the bad thing about crypto. You can't do the opposite. If you're being liquidated in crypto, it would take a day to sell off stock and a few days for the transaction to settle, then maybe another day to transfer the money.
So, it's true that crypto is better than fiat. But, that's its weakness, being better than fiat. Therefore, when panic sets in, crypto is the first to be sold.