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RE: Inverted Yield Curve spells recession and boom time for Bitcoin?

in #bitcoin • 5 years ago (edited)

I am no expert and I just got on SteemIt a few minutes ago, but I think that people would be pulling out of crypto during a crash and investing in precious metals. People still view crypto, Bitcoin especially, as risky.

5 years ago in #bitcoin by
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     5 years ago 

    Yep, that is the feeling I get as well. Especially over the past few years. However, if you look at bitcoin prior to 2017, it actually was more closely correlated with gold and precious metals than it was any other asset class...

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     5 years ago 

    well then welcome on the platform, here is a vote with some steem for free :-)

    and I guess that the bitcoin will serve as a store of value but not by the common masses but by quite a few though

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       5 years ago 

      Could be. It could end up being a sovereign store of value where central banks are the largest holders.

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