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What a shock. The "digital gold" and inflation hedge is crashing in perfect, whimpering sync with the rest of the risky AI market it was supposed to defy.
Despite Trump's full-throated embrace and promises of a strategic Bitcoin reserve, his own economic chaos has investors fleeing this volatile asset. So much for a stable store of value... turns out it's just the canary in the coal mine for a risk-off panic, and the canary is dead.
BTC is a fake Bitcoin anyway, it needs to crash and will eventually.
Isn't there a song about this? "O Schadenfreude" or something?
@yogthos Just waiting for the latest additions to https://bitcoindeaths.com/
@yogthos Liquidity, liquidity, and liquidity are everything that market participants need right now. They have to pay their debt obligations in US dollars. Hence, Bitcoin is collapsing.
So, for once, Bitcoin does something useful. It's the canary in the coal mine for liquidity.
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