I think crypto performed well in the Monday pseudo-crash

Of course the crypto prices fell first, over the weekend. I think Bitcoin fell by about 15 percent? You can think of crypto as a hedge against illiquidity, rather than against inflation, or against the decline of America, or whatever. There are not enough liquid assets! So sometimes solvent economies go tails up, because debtors […] The post I think crypto performed well in the Monday pseudo-crash appeared first on Marginal REVOLUTION.