Investors are seemingly dumping Bitcoin over fears of a new covid strain, for the “safety” of cash and bonds. However, history has shown that bad strains lead to lockdowns, which in turn lead to financial help measures and the printing of money, inherently devaluating money and making investors search for inflation hedges. Why not buying bitcoin straight away, instead of FOMOing in in a few months when the money printers go brrr again? Is all of Wall Street too high on cocaine to think straight?
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