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What other crypto experts have said
ALL THE WARNING SIGNS WERE THERE FOR MONTHS.
Don't let them feed you the nonsense that this was a black swan. The virus isn't the cause, it is the accelerant.
— Pomp 🌪 (@APompliano) March 9, 2020
THIS ISN’T #coronavirus!!! 😬This is result of ~50 yrs of Western economies consuming more than they produced, finally coming home to roost. The virus was just the pin that pricked the debt bubble & revealed the magnitude of the solvency problem. Stay safe out there 🙏
— Caitlin Long 🔑 (@CaitlinLong_) March 9, 2020
With the #Bitcoin halving just two months away and global financial markets in turmoil, the news couldn’t be more bullish for Bitcoin. Yet the price action couldn't be more bearish. Looks like it’s Bitcoin’s price that will be halved! Not exactly the halving hodlers expected.
— Peter Schiff (@PeterSchiff) March 9, 2020
BTC isn't a safe haven (yet). I've always predicted it would decline with a big equity sell off. Frankly, I'm very surprised at how well it's held up. BTC up 7%+ on the year with equities down ~15%. We'll have to see what happens, but darn good performance for a risky asset.
— Ari Paul ⛓️ (@AriDavidPaul) March 9, 2020
I think this drop in crypto prices is from the traditional hedge funds who held some BTC and are being forced to sell anything liquid to raise cash to cover their positions elsewhere.
Remember to be greedy when others are fearful...
— Tushar Jain (@TusharJain_) March 9, 2020
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.