Simiao Li
@simiao-li
Crypto is the asset most sensitive to any marginal easing on liquidity (i.e. Fed buybacks), while equities upside is capped by earnings risks. Cashflow-less assets ironically the "better" risk-on asset today. Relatedly: Tokenomics changes that accrue value are ST bullish, but LT bearish price, esp. at these valuations.
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