576 sats \ 1 reply \ @petertodd 13 Apr \ on: Bitcoin during War Times. econ
I'm sure a lot of people have bought Bitcoin with leverage, debt, and more so than most assets because yolo. It makes sense to de-leverage during times of uncertainty, because you'd be better off having less risk overall.
Bitcoin's price would probably fall even farther if it weren't also an asset that can make sense during times of uncertainty.
Yup Bitcoin has no backstop, they don’t pause selling like the stock market, ok a few shady exchanges do…
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