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/biz/ - Business & Finance

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20523243 No.20523243 [Reply] [Original]

So, the smartest money i.e Bond market is predicting at a 100% probability (never before seen) of a US recession incoming.
Why are you still bullish?

>> No.20523531

I am bullish on link because economic downturn will not make smart contracts less innovative or desirable. There will still be adoption.

>> No.20523637

>>20523243
because the gobermint isn't printing crypto, they are printing dollars and inflating stocks, not crypto. speculators who don't really believe will get shaken out but the bigger fraction of crypto people actually believe and HOLD crypto cause they KNOW fiat is shit and will NEVER sell.

>> No.20523644

Seems like /biz/ doesn't like a serious discussion, my bad.

>> No.20523736

>>20523243
Crypto will be the safe-haven people flee to. We will see economic refugees fly into Bitcoin en masse. The coming crash will, paradoxically, kickstart the next bullrun.

>> No.20523823

>>20523243
I'm not bullish

>> No.20523832

>>20523243
I'm scared now

>> No.20524158

>>20523644
I am sorry you found my sentiments either juvenile or ingenuine.

>> No.20524488

>>20523243
Because even if the real economy collapses the govt and fed will print and spend as much money as possible to keep the stock market up.

>> No.20524537

>>20523736
But short term, assume the same idiots who have positions in stock also have massive positions in crypto.
When they need some liquidity, guess which market will be hit first?

>> No.20524576

>>20524537
this, there is no reason anymore to assume crypto wont crash with stocks as they did in march.

>> No.20524653

>>20524576
That is why Tether was a massive mistake.
When you peg a crypto easily to a dollar, crypto will 100% follow the stock market.
It isn't decentralized anymore. How many people are stacking sats as opposed to USD now with their trades/investments in altcoins?