/biz/ - Business & Finance

[Anonymous No.17776537]

Crypto happenings of the past 48 hours have proven to the world that crypto is just a speculative offgassing of an overactive stock market. It's the vapor that forms when you work traditional markets into enough of a froth, and it vanishes instantly as soon as things turn frosty again. We've been able to entertain the idea of Bitcoin and crypto being hedges/safe havens/uncorrelated assets/new monetary paradigm only precisely because they've never had to be put to the test in a real global financial crisis. Now the test is here and they are failing hard as fuck. Nobody wants to rely on these volatile insubstantial meme assets to hold value in a crisis, it turns out.

That being the case, I don't really see any reason to hold any crypto until well into the next stock market bull. And it's unknown if we'll even have another bull ever, it's entirely possible we're in for long-ass decades of global decline and cash under mattresses now that the everything bubble has ruptured.

All I'm saying is, it would take years of new bullish global growth to convince me to start considering cryptos again. Why do you think differently? I'm honestly interested know. Why would anyone hold these speculative vapor instruments through a global recession now that we know how closely they track traditional markets?

[Anonymous No.17776575]

>>17776537
Drns