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by janoside 1990 days ago
My guess is you have no idea of the underlying dynamics because you haven't done your research before deciding for yourself and stating confidently "can be explained by nothing else than..."

Here are a couple of threads describing the dynamics in play. Feel free to agree or disagree after reading but, contrary to your statement above, these can explain the price increase:

https://twitter.com/Croesus_BTC/status/1319734166557081600 https://twitter.com/real_vijay/status/1143070383261638656

Here's Lyn Alden, regarded by many to be one of the best macroeconomic thinkers working today (who is now very bullish on BTC), playfully echoing the same idea from above:

https://twitter.com/LynAldenContact/status/13458545139457065...

And, just in case the tone of Lyn Alden's tweet confuses you about the caliber of thinker you're encountering here, this is a recent article of hers with relevance to BTC macroeconomically:

https://www.lynalden.com/fraying-petrodollar-system/

And another covering several BTC misconceptions:

https://www.lynalden.com/misconceptions-about-bitcoin/

As I started: I believe you have not done your research to understand what you're looking at. This would be an excusable situation 5 years ago, but the BTC space is now teeming with high quality, pre-digested material that you can use to build a foundation of knowledge and understanding.

I believe you'll regret your hubris...sooner rather than later.

1 comments

> regarded by many to be one of the best macroeconomic thinkers

By whom? She doesn't seem to have a wikipedia page.

I follow a lot of macroeconomic and investment personas on Twitter and in the past 2 years Lyn Alden has been a rising star. But she is still young and fairly new so it will take a while before you see her more often on CNBC.