Cryptocurrencies have been a real boon in slowing the inflation of assets. Costs nothing, worth nothing, but it has been a very useful buffer for the economy. Forget the empty promises of DeFi andsmart contracts, they are currently insufficiently optimised to replace the real world instruments they are supposed to substitute. Now that the Fed has announced planned tapering of the money supply, this is as good as it gets for crypto, for now. It will pop again to buffer the next QE session though, so HODL at your own opportunity cost!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments