Bitcoin is transitioning from a risk on asset to a risk off asset, and then just an asset
Meaning it will go up whether there is a crisis or not; whether Bond yields go up or down; and whether stocks go up or down.
This is because the biggest certainty in global macro is fiat debasement ⚡️
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Even if fiat doesn’t debase, Bitcoin goes up because of its (other) superior monetary properties.
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