Crypto Sheds $200B in 24 Hours: Is the Worst Behind Us?
Inflection Point
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The Fed Is Raising Rights on Bit Coin
Long term, there's a long term tail where bit coin is incredibly valuable because of the protection of purchasing power. In the interam it's just a risk acid ted like the vix. But i don't want to say that you can put a blanket on, that's it for all risk acids, because the fed is raising rights. The fed is going to be a three year process with fits and starts. Just like last year when treasuries went from what, 90 basis points to a hundred 80 basis points in the first three months of the year,. And what happened? It didn't happen right away. So treasuries rallied back from one 80 to one 30. If
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