Bloomberg’s Balchunas is back at it, spinning bullish narratives for BTC: either the government taxes unrealized gains on stocks, or it keeps printing money. This guy gets it—either way, fiat keeps losing value, and capital has to find an outlet.
If they really impose a tax on unrealized capital gains, US stocks will crash first. BTC may not be a safe haven and could still fall in the short term. Don’t spin everything as bullish.
$BTC
If they really impose a tax on unrealized capital gains, US stocks will crash first. BTC may not be a safe haven and could still fall in the short term. Don’t spin everything as bullish.
$BTC