Why do people think bitcoin is a safety asset? We saw during the 40 year CPI high that the price crashed. That is not a hedge against economic pullback.
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Why do people think bitcoin is a safety asset? We saw during the 40 year CPI high that the price crashed. That is not a hedge against economic pullback.
It's because the Fed can't control it.
Well I would say it is the fact that BTC is risk on/risk off. When investors are moving away from risk, Bitcoin crashes.