You’ve been spot on. I struggled w/ noticing the same issue of #derivative and #TradFi games infecting #bitcoin & #Crypto over the last 1.5yrs or so.
Structurally it was quite easy to see. But...
/1 👉🧵 on a few thoughts.
you have to know how these things have played out in other markets as well as how intermarket relationships work within markets in general. And, you never really know how the change will play out. Especially, in new asset classes like #DigitalAssets.
/2
Dec 10, 2021 • 24 tweets • 22 min read
Time for a 🧵 on two charts (at the end) that seem to tell an interesting #Bitcoin story.
For several yrs @CaitlinLong_ has openly discussed the potential negative impact of #rehypothecation of #bitcoin by banks, wall street, hedge funds & the broader #tradfi community.
@saylor has discussed and shown the need for sound money and the value that having a savings mechanism brings to the system.
@JeffBooth has shed light on the fact that #deflation isn’t such a bad thing when #technology is actually making our lives better and costs cheaper.
