The surge in bond yields, and suddenly people start telling stories about Bitcoin.
They say this is the day of Satoshi Nakamoto and others.
Everyone likes to write narratives, clearly and explicitly,
but few people think about what’s really behind the scenes?
Yesterday bond yields just took the blame, today Bitcoin has climbed back above 85,000, haha, slap in the face. The slap hurts, but actually, I don’t believe it.
Rising prices bring stories, falling prices bring silence — that’s the trick for many years.
When interest rates were low before, money was running wild everywhere.
No one cared about things without interest.
But when interest rates rise, the accounts are laid bare.
Look, bonds can give you stable returns.
What can Bitcoin give you?
Only a racing heartbeat, and if your heart isn’t strong, you need fast-acting heart medicine.
Insert flower emoji: This is why you can’t hold onto Bitcoin.
Back then, those who hoarded Bitcoin should remember the most popular phrase in the crypto circle: cash flow is an outdated concept.
If you experienced that, it means you are the kind of person who has gone through cycles; the main reason then was Bitcoin’s sharp rise, and interest was negligible.
But now interest rates are back, cash flow has become the only measure, so the comparison is very clear.
Especially when the economy is bad, if there’s clearly high interest to be had, why hold onto Bitcoin that pays no interest? Isn’t that so?
Who gets hurt by the surge in bond yields?
Not the poor, but those who save for interest,
because the poor can’t even afford Bitcoin anymore.
You think high interest rates are bad news.
But for those with fixed salaries and watching inflation, they are.
They say this is the day of Satoshi Nakamoto and others.
Everyone likes to write narratives, clearly and explicitly,
but few people think about what’s really behind the scenes?
Yesterday bond yields just took the blame, today Bitcoin has climbed back above 85,000, haha, slap in the face. The slap hurts, but actually, I don’t believe it.
Rising prices bring stories, falling prices bring silence — that’s the trick for many years.
When interest rates were low before, money was running wild everywhere.
No one cared about things without interest.
But when interest rates rise, the accounts are laid bare.
Look, bonds can give you stable returns.
What can Bitcoin give you?
Only a racing heartbeat, and if your heart isn’t strong, you need fast-acting heart medicine.
Insert flower emoji: This is why you can’t hold onto Bitcoin.
Back then, those who hoarded Bitcoin should remember the most popular phrase in the crypto circle: cash flow is an outdated concept.
If you experienced that, it means you are the kind of person who has gone through cycles; the main reason then was Bitcoin’s sharp rise, and interest was negligible.
But now interest rates are back, cash flow has become the only measure, so the comparison is very clear.
Especially when the economy is bad, if there’s clearly high interest to be had, why hold onto Bitcoin that pays no interest? Isn’t that so?
Who gets hurt by the surge in bond yields?
Not the poor, but those who save for interest,
because the poor can’t even afford Bitcoin anymore.
You think high interest rates are bad news.
But for those with fixed salaries and watching inflation, they are.
