We should stop saying bitcoin is up or down and start saying fiat is up or down. 🙃
Change your denominator.
Discussion
Good point🤙
This is the way
Great way to put it
Eh, maybe but fiat typically loses value. Deflation is rare in an economy with fractional reserve banking.
When #bitcoin dropped from 60k to 35k I wouldn’t say that the US dollar gained value.
True, it's that capital fled from that market into dollars or other currencies. Or even other assets.
