2min chapter

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#1177 Caitlin Long On Bitcoin & The Banking Crisis

The Pomp Podcast

CHAPTER

Bitcoin

Many places around the world have no confidence in their national currency. Bitcoin is trading as a risk on asset, but its correlation with equity markets is breaking. The price action is telling the regulator something and it is global. And I think to the extent that we've got some trad-fi people who are getting orange pill, then starting to buy it, that's helping push the price up.

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