
ryangtanaka
@ryangtanaka
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75 Followers
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The markets in crypto suck right now, but think back to the "good ol' days" of 2020. What happened economically back then that is also going on right now? The pandemic - the lockdown - and more specifically, the massive disruption in the world's supply chain network.
Last time it was the government telling people not to go out, this time it'll be because businesses and services will shut down permanently and there will be nothing for us to do, if you can even afford to do so. So - we might be seeing a revival of that austerity all over again.
This time, though, throw in the downfall of the US dollar, a fragmented business environment, and massive tariffs on fiat - which may actually push people into using crypto - not because they want to, but because they *have* to, becoming the hedge it always claimed itself to be. 0 reply
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