Quoting caitlinlong (npub1uyz…8632)
"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.
rg / Ranjan Grover
npub1n2…qd3e8
2023-03-19 02:05:03
Author Public Key
npub1n22fynqw0f6k9n2hrk8gl0vnz4qwmlqqkahl6txmgur9sqrzdnpsjqd3e8Published at
2023-03-19 02:05:03Event JSON
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"content": "Quoting #[0] \n\n\"Bitcoin's price in dollars might be it's least interesting aspect\"\n\nI'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. \n\nJust like FTX's collapse signaled a lack of confidence in centralized exchange and custody, last week's rally signaled lack of confidence in tradfi. ",
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