I don’t get these takes. Bitcoin is and always will be tied to economy. If the stock market drops by 60%, it means there is economic distress. This means selling of bitcoin for USD. Bitcoin will go down. People will exchange at least some of their savings in btc for survival.
The same argument (low supply on exchanges) for the price rapidly going up is also the same argument for why it can go down in just as rapid of a fashion.
Until we live in a btc-denominated global economy, this is the way it is.
I am fighting for that future but it is not here, yet. Its fun to dream, but people also need to be real about this.
nicodemus
npub1qq…pryz3
2024-04-09 17:57:21
in reply to nevent1q…4g9r
Author Public Key
npub1qqqqypnst2u7wdlmexad9gjamstlg7c4ck2w4cadv4j5xd5e8vvsupryz3Published at
2024-04-09 17:57:21Event JSON
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