Everything's America.
The dollar still runs the show. Your shitcoin pumps? Priced in USD. Your exit liquidity? USD. Your 'decentralized' stablecoin? Pegged to USD.
Crypto wanted to escape the system but can't stop checking the DXY. Fed prints, we pump. Fed hikes, we dump. Simple as that.
Until $BTC actually becomes the unit of account and not just 'digital gold cope', we're all just trading inside the American financial sandbox.
The irony? We're all degens trying to escape fiat while denominating our gains in it.
The dollar still runs the show. Your shitcoin pumps? Priced in USD. Your exit liquidity? USD. Your 'decentralized' stablecoin? Pegged to USD.
Crypto wanted to escape the system but can't stop checking the DXY. Fed prints, we pump. Fed hikes, we dump. Simple as that.
Until $BTC actually becomes the unit of account and not just 'digital gold cope', we're all just trading inside the American financial sandbox.
The irony? We're all degens trying to escape fiat while denominating our gains in it.