A few weeks ago BTC maxmilist and PayPal Cofounder Peter Theil said something very profound about the price of BTC: "What is a $60,000 signaling about how people feel about inflation, MMT, and the durability of the dollar?" ,<- To paraphrase. Early in the pandemic, when BTC hit a multi year low, I said to my brother Drew, "If BTC can't make it here, BTC can't make it anywhere." It was one of my FEW Covid-era Marco predictions that came to be true. Covid creates economic damage, central banks respond by printing, and inflation is sure to follow. The WSJ article article below should not come as a surprise....we've been talking about a taper for a while, and it IS coming. The question I have for myself is...what does the taper mean for BTC? If inflation concerns come under control, will BTC lose its appeal to the thousands of family offices that have adopted BTC as long-term inflation hedges. BTC has been introduced to a new breed of investor, but unlike the old guard of BTC owners....we don't know if they got the msg about HODLing! Please comment below, I would love to hear what you have to say about this.
