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Bitcoin Price (March 2022)
With all the fiat currency that’s being “printed” and the Russia/Ukraine war, why is Bitcoin’s price stagnant and, currently, decreasing? It seems to me that with all this instability that Bitcoin should be booming. What am I missing?
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2 Replies
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Against the dollar, Bitcoin isn’t rationally priced (IMO). Its considered a risk-on asset and goes down with equties when vol spikes. It’s extremely early for Bitcoin and there are forces capable of manipulating the price that none of us can understand.
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I agree with you about the price of BTC and USD. I’m surprised that BTC hasn’t increased in price with the inflation and ever increasing US national debt. Could this be because so many institutions recently bought BTC? Keep the price artificially low? Or something else. I have no idea, but the circumstance seems unusual to me.
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