Not usually in 10% moves with no news.It goes up and it goes down just like stocks
Thanks fried cheese.well usdc lost its dollar peg with the svb crash since it had assets backing it in that bank. now that the gov guaranteed the money the peg will be back so bitcoin is back at the pre bank crash amount again.
Many investors view crypto as a safe haven investment in the event of a financial crisis. Some believe that FDIC deposit insurance could fail, making bank holdings worthless.So the markets are up ~1% but BTC jumped 10% today.
WTH?
Well done Frank.I cashed out funds from my BOL account back to bitcoin. That would explain it.
Franklee... aka Elon Musk.I cashed out funds from my BOL account back to bitcoin. That would explain it.
Yep yep. I think it's a good time to be holding at least a little btc. I have about 5% of my holdings in btc.Many investors view crypto as a safe haven investment in the event of a financial crisis. Some believe that FDIC deposit insurance could fail, making bank holdings worthless.
The shocking news about SVB, Silvergate, and now regional banks like First Republic has many investors thinking a financial crisis similar to 2008 is a real threat.
Furthermore, there are rumblings that the Fed might slow its rate increases due to the possibility of higher rates forcing more bank failures. This would keep inflation high, and many investors view crypto as as good inflation hedge.
I’m in a bit more than thatYep yep. I think it's a good time to be holding at least a little btc. I have about 5% of my holdings in btc.
Then again it depends what 5% of how muchYep yep. I think it's a good time to be holding at least a little btc. I have about 5% of my holdings in btc.
I'm mostly in real estate. Like 60%.Then again it depends what 5% of how much
lol
You’re in the right business to create generational wealth with zero to little risk. I wish my father was into this growing up as an adolescent to teach me the ins & outs of the industry. Oh well, he was just a dumb electrician like me lol & a terrible investorI'm mostly in real estate. Like 60%.