7min snip

Bankless cover image

Did Macro Kill Crypto? with MacroAlf

Bankless

NOTE

Trends versus cycles. Organic growth versus engineered cyclical boosters.

Tarte: This cycle was unique for two reasons. The combination of real economy money printing and financial money printing at the same time is something that rarely happened in modern history after World War II. Exogenous shock, which was the pandemic, basically made the foundations of our leverage system tremble. In many jurisdictions over the next 20 years, the labor force will shrink. It's like the pie of people contributing to economic growth will become smaller.

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