Ryan Hoover
@rrhoover
BTC and ETH are up ~20% in the last few days. Why? The distrust and falling stock prices of TradFi banks is the obvious answer, but is that the full answer?
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timdaub
@timdaub.eth
Straight from the hip: bailing out banks is inflationary and higher levels of unlocked cash means higher prices for everything. Crypto markets are most efficient, hence price adjustment is rapid compared to lagging increases in other goods.
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