I feel like most of the crypto space is ignoring the fact that all ‘historic’ data there is on bitcoin was set in a time where the economy was doing completely fine, fed was printing nice and steady and any stock went up for years.
Looking at the bitcoin macro only, it does seem like we’ve been in the bottom ranges for bitcoin.
Considering the fact that we’re still heavily correlating with the SPX and the fact that we’re facing the mother of all recessions, it could very well be that the worst is yet to come.
I’m wondering what your thoughts are on this.
submitted by /u/yechtech