With inflation running at the highest levels in 40 years, bitcoin is in a 45% drawdown. theirrelevantinvestor.com/2022/01/21/not…
@michaelbatnick It's counterintuitive but cash is king when inflation is running hot. The Feds bring it down by crashing asset prices.
@michaelbatnick Do you think inflation has peaked or is near its peak levels? Or do you think it will continue to rise? Bitcoin is telling you one of these. You are completely missing it
@michaelbatnick LMAO. This is A+ trolling right here.
@michaelbatnick … is this right timeframe to be looking at for a large macro trend like inflation? Annual results might tell a different tale. 🤔
@michaelbatnick @APompliano this chart is a few weeks old but point is still valid. #BTC (XBTUSD on chart) and #ETH (XETUSD on chart) certainly haven't acted like an inflation hedge but actually track long term inflation expectations (10 year break even on this chart) very closely
@michaelbatnick makes perfect sense which correlated to draw down to asset purchases! Markets act 6 months ahead Exuberance on both ends