this post was submitted on 04 Dec 2023
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Microblog Memes

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Cryptoflation (lemmy.world)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 7 points 1 year 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 1 year ago

Because inflation is still high and crypto is still volatile.

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

Because they're indicative of general economic conditions.

[–] [email protected] 1 points 1 year 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