#Bitcoin was born out of the Great Financial Crisis as a solution to the perceived failures of fiat & centralized systems.Bitcoin’s price is very volatile, so to gauge how well it is faring, we need to view the big picture: 🧵
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Michigan consumer sentiment just came out at 50—The lowest score in 85 years.
Inflation is at a 40-year high—Even by new metrics that bias it to the downside.
Jobs, up from last year, are still lower than before the pandemic, and the stock markets are starting to roll over.
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