one underrated reason to be bullish for the next crypto cycle is the current US political situation

hard to imagine a 2024 election where one side doesn't completely deny the voting results

I'd assume US dollar confidence takes a major hit and people search for alternative monetary asset exposure

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abandoning the inefficient, outdated, two party political system in the US needs to happen at some point

I don't view it as the world going to shit, I view it as crypto thriving in the evolving global political reality it was built for

all of the success conditions for crypto are seemingly triggered by the world going to shit. makes u think

Making things fair
https://mirror.xyz/0x6b872e9Ae3D38F2c5b79320366ec6173D327213b

the US dollar does not have a hat

huge fundamental weakness

Staff Eng at Iron Fish 🐟 • Building BlockSocks 🧦 • Denver, CO 📍

I'm in crypto of course I'm a betting squirrel!

> I'd assume US dollar confidence takes a major hit and people search for alternative monetary asset exposure

Are you a betting squirrel? Cause I'd take the opposite side.

true however I don't view stablecoins as a long term growth mechanism for crypto

I view them as operating in a tenuous regulatory grey area that probably gets cleaned up if/when CBDCs get rolled out

the path to more liquidity in crypto that makes more sense is simply that people increasingly value native crypto

Dollar confidence is very bullish for dollar-denominated stablecoins across the globe on crypto rails, which is more liquidity in the system for digital and real-world assets

Sometimes I wonder if Satoshi deliberately put halvening to occur in the same time period as US elections

Dude was playing some 4D chess

I mostly agree, but there's an alternative scenario where US political instability causes a major shock to the economy which will hurt risk-on assets

Gonna be an interesting few years for sure

US / China conflict is further going to pave the way for crypto (I don’t hope to see it but it’s looking a bit inevitable)

This was post 2008

US / China conflict is further going to pave the way for crypto (I don’t hope to see it but it’s looking a bit inevitable)

This was post 2008

https://abcnews.go.com/amp/Business/story?id=7168919&page=1

truth. the purple dollar. this is the way.