There seems to be a lot of confusion and consternation on the recent price drop, Quite simple imo. Markets are predicting imminent deflation due the anticipation of debt destruction ie defaults. Also margin calls are requiring cash. Add in risk aversion. This will be short term until the fed (all central banks actually) catches up with the liquidity destruction thru QE, repo funding etc. That will be when bitcoin launches with a boost from the halvening. Hang on. It’s going to be a wild ride.
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