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Bitcoin is transitioning from a risk on asset to a risk off asset, and then just an asset
Meaning it will go up whether there is a crisis or not; whether Bond yields go up or down; and whether stocks go up or down.
This is because the biggest certainty in global macro is fiat debasement ⚡️
for the last 15 years bitcoin has been treated as a risky trade
over the last few months bitcoin has quietly been recognized as the ultimate safe haven among investors around the world
few appreciative the magnitude of this transition
there is safety in sats