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Cryptoflation
(lemmy.world)
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this post was submitted on 04 Dec 2023
1720 points (98.5% liked)
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The real question is why is a post about conditions that are 2 years old, getting so much traction now when it appears the opposite is relevant?
Because inflation is still high and crypto is still volatile.
Because they're indicative of general economic conditions.
Not really, bitcoin was trending sideways before the banking crisis. If anything bitcoin solidified its reversal when this happened. So it did the opposite of what would normally cause poor general economic conditions