this post was submitted on 04 Dec 2023
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Microblog Memes

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Cryptoflation (lemmy.world)
submitted 11 months ago by [email protected] to c/[email protected]
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[–] [email protected] 7 points 11 months ago (2 children)

The real question is why is a post about conditions that are 2 years old, getting so much traction now when it appears the opposite is relevant?

[–] [email protected] 4 points 11 months ago

Because inflation is still high and crypto is still volatile.

[–] [email protected] 2 points 11 months ago (1 children)

Because they're indicative of general economic conditions.

[–] [email protected] 1 points 11 months ago

Not really, bitcoin was trending sideways before the banking crisis. If anything bitcoin solidified its reversal when this happened. So it did the opposite of what would normally cause poor general economic conditions