Date: 2021-01-28 21:29:17
The Surprising Truth About Bitcoin & “The Everything Bubble”
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02:15 Economies Have Changed
02:47 GameStop and AMC
03:54 Bubbles Everywhere
04:39 The Worst Bubble
07:04 The Best Indicator
09:10 Is This Sustainable?
13:43 Closing Thoughts
But in all seriousness the talk of bubbles is very high right now. There’s a growing worried sentiment regarding the sustainability of not just Bitcoins valuation, but the entire economy. Fuelled by, I dunno, stock market crash, stock market crash, one simple trick to eliminate diabetes, stock market crash!
It’s not like they’ve been saying this ever since the last stock market crash, but a particular note of interest now to bears is, once the pandemic is over and the printers eventually stops going brr, are we going to finally feel the painful side effects of digitally printing nearly $20 trillion in global stimulus? Why should I be discussing this though? What happens to the global economy may or may not even effect crypto. Maybe a crash would even be good for Bitcoin in the future. That’s entirely possible, but in the short term, it’s unlikely. The March crash is the most obvious example, but ever since 2017, there has been some level of positive correlation with at least the economy in the US.
Disclaimer: I am not a financial adviser and this is not financial advice.
#crypto #cryptocurrency #bitcoin