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Replying to Avatar Mike Brock

For what it's worth, I do not believe the reason why BTCUSD is up, is because we're seeing a flight-to-safety effect. I believe we are seeing the result of the market believing there's going to be lower rates now, and betting on the Fed pulling back from the tightening cycle. If you want to see this very clearly, just look at bitcoin's correlation to the NASDAQ today.

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HODL 2y ago

Yep, but I understand the other sentiment.

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Bitcoin Graffiti 2y ago

Could still be both.

Jack Mallers mentioned record Bitcoin purchases over the wknd.

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