The S&P, Nasdaq, Dow, GBP, EUR all just put in new lows. Many countries housing markets are starting to crash and the Dollar Currency Index just put in new highs. Gold, Silver, commodities and pretty much all "inflation hedges" (Tips) were a disaster. Inflation rates are at 30 year highs with the FED creating a reverse wealth effect that has QT withdrawing $95b a month (as of sept) from markets alongside an already $50 trillion wipeout among assets.
BUT... BTC is just holding support. Sure it's volatile but at least it's not slow bleeding. I mean it's tradable here and there and is attracting capital due to its volatility as the volume on major exchanges have gone up. So what exactly is the problem?
Nothing is making anyone money. I can't think of any other asset to own right now other than BTC.
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