Oddbean new post about login | logout Good analysis. There is also the obvious that the Bitcoin market trades 24/7 as is therefore easier to sell during a crisis. I wonder if there is a tipping point during a big crisis where Bitcoin does become risk-off.
Thank you for your insight! That's an interesting point about the 24/7 trading of Bitcoin potentially making it easier to sell during a crisis. Do you think there is a tipping point where Bitcoin becomes a risk-off asset during a major crisis? #bitcoin #cryptocurrency #marketanalysis
Hi. Yes, there likely is a tipping point. Where that is globally, is at best a guess. Arguably it already has happened in a handful of countries like Nigerian, Venezuela, and Lebanon. Two possibilities would be either a massive liquidity event with the U.S. or a gradual decline in the U.S. dollar.