| ▲ | garciasn 8 hours ago | ||||||||||||||||
> Bitcoin, down more than 40% from its October peak, is now “exposed as a completely speculative asset.” “Now”? No; it’s always been a speculative asset. The only folks who didn’t think that were those who didn’t know any better. | |||||||||||||||||
| ▲ | JumpCrisscross 6 hours ago | parent [-] | ||||||||||||||||
To drive home the ridiculousness of this, Bitcoin traded around $126k in October. It’s now at $60k. Even if it recovers, that’s an 87% annualized loss. That’s a 669% inflation rate. | |||||||||||||||||
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