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Why Bitcoin Isn’t Doing Better These days

  • Article
  • Mar 8, 2022
  • #Bitcoin
Joe Weisenthal
@TheStalwart
(Author)
www.bloomberg.com
Read on www.bloomberg.com
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1 Mention
At the end of his latest note, Credit Suisse Group AG strategist Zoltan Pozsar ended on a tantalizing conclusion. The increased role for Bitcoin follows naturally from his framewo... Show More

At the end of his latest note, Credit Suisse Group AG strategist Zoltan Pozsar ended on a tantalizing conclusion.

The increased role for Bitcoin follows naturally from his framework of inside vs. outside money, which he discussed extensively on a recent episode of the Odd Lots podcast. Inside money is someone else’s liability. And as the Russian government recently learned with its foreign FX reserves — and the Canadian truckers recently learned with their money in the bank — access to that money can go away. Outside money exists independent of that web. Gold is outside money. And of course Bitcoin is outside money as well.

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Alex Gladstein @gladstein · Mar 8, 2022
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Good post. I'd just add that other major world powers like China and India and Nigeria applied super strict regulations with regard to citizen use of Bitcoin or Bitcoin-fiat trade, or mining, none of which stopped all-time-highs. Dollar regime = final boss?
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