According to @TheStalwart it has been but as government trust drops to an all-time low and citizens around the globe face increased surveillance measures I disagree.
Below is a thread responding to the points made earlier in the week👇
The March selloff was devastating but as @unchainedcap explains it was from UTXOs <6 months.
Yet, as @PrestonPysh pointed out, most people want to believe the market is up so they price the market in nominal fiat terms rather than in buying power terms.
If someone wants to get tendies going long on zombified-Hertz be my guest. But you would be a fool to think that those fair-weather day traders wouldn't jump ship for Bitcoin if it was to approach ATHs
For full analysis & more check out the Bit Economy:
robsarrow.substack.com/p/week-of-6141…
- Difficulty Adjustment:
- Casa Wallet: