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Jim's avatar

You guys seem to be the only people who are not bearish on BTC currently. It's going to be an interesting period! Question: what is more dangerous to BTC price levels, rate increases or the recession/depression they will likely cause? I.e. will BTC resilience be tested most this year or next?

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Joe Consorti's avatar

Bitcoin's resilience will be tested to the ~nth degree this year - this is the first major macro event that will be prolonged in bitcoin's lifetime. In the Fed's fight against inflation, elevated rates for longer pose a threat to risk assets broadly, especially bitcoin, being a highly sensitive, $400b asset still in its infancy. Good question!

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