/biz/ - Business & Finance

>>50005592
>>50005895
It's worse than that. Wall Street hedge funds were using BTC as margin collateral, knowing that as long as those wacky chinks kept printing more Tether and nobody dumped their bags, the price would go up forever. Then they started eating shit on housing, on China, on meme stock shorts (particularly GME), on tech stocks, on retail, etc. so they all doomped eet. At least half of the BTC collapse was Wall Street exiting their positions. Next time nobody is going to trust BTC as an institutional hedge because the market cap is too low to offer proper liquidity for large movements and so it ends up correlating to the fiat stock markets anyway. You'd need a multi trillion dollar market cap to provide stable liquidity for those hedgies, and so that's more likely to be XRP than BTC - forex on a blockchain rather than true cryptocurrency. XMR won't get dragged into that mess at all because it'd effectively be a giant money laundering machine bolted on to the side of the NYSE and the feds know exactly what would happen next.

>>49898999
Checked. At this point I think it was all the TBS/MC movie memes and Burryposting that manifested into reality.

mfw im a businessman doing business activities