2min chapter

The Compound and Friends cover image

High Conviction

The Compound and Friends

CHAPTER

Bitcoin

The sharp rally from 22 to 25 k yesterday struck many as unintuitive why would bitcoin jump 10 immediately after a fresh strike of the regulatory shock and all campaign. Rich rosen bloom said one the threat of regulatory action against stablecoins potentially scared capital into bitcoin and eth i.e. a reverse flight to quality. Once building a probability drops to zero it's tempted to move to all the critter assets that have that are less reg and credit sensitive.

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