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Quoting #[0] "Bitcoin's price in dollars might be it's least interesting aspect" I'm gonna have to disagree. After watching this week's rally, I think BTCUSD is the purest signal there is in measuring the public's confidence in the legacy centralized financial system. By this I mean, central banks, the banking system at large, and centralized crypto exchanges. Just like FTX's collapse signaled a lack of confidence in centralized exchange and custody, last week's rally signaled lack of confidence in tradfi.
2023-03-19 02:05:03 from 1 relay(s) 1 replies ↓
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