[playingchanges]

Funny I actually viewed the 2020 BTC drawdown (and subsequent rapid recovery) as my number one buy signal for the current crypto bull market. In a time period when the Dow loses almost 13% in a single day and the fed has to use every move in the playbook to maintain liquidity, crypto holds its own with no fed assistance at all.

As for inflation, I’m guessing the exact opposite argument to yours was being made in the 80s.

[AngrySkillzz]

Or you could say that cryptocurrencies are incredibly correlated with the stock market and thus don't actually serve as a hedge for risk at all

[imtringued]

>As for inflation, I’m guessing the exact opposite argument to yours was being made in the 80s.

By definition, inflation is what happens when demand exceeds supply. If the fed keeps flooding the market with cheap credit the expectation is that the money is invested into more production, either by machines or by foreign labor (i.e. in China). Prices stop growing because supply outstrips demand. That's why the fed is failing to create sufficient inflation. Supply side stimulus is causing the opposite effect and at the same time it is leading to an asset bubble.