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BTC going up or down?


Swizzle

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BTC is a risk-on asset, and we’re in a risk-off environment. However, crypto benefits greatly from high inflation. The recent trend towards de-dollarization in global trade in certain countries will likely result in increasing inflation going forward. Additionally, the inability of most western countries to continue rate hikes due to instability in the banking sector (SVB & Credit Suisse) and a looming global recession will likely further increase inflation expectations.

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