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RE: LeoThread 2024-12-03 16:40

in LeoFinance26 days ago

Crypto potato had an article that said Bitcoin crash 30% on Upbit in minutes, dropping to $61K after South Korea declared martial law. It bounced back quickly.

Political chaos definitely spooked the market. Could this be a sign of more turbulence ahead?

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I dunno. Interesting indeed. Im sure it will have some effect

Do you think Bitcoin has lost the sense of what it was built to fight against (different from fiat which can be controlled by news)?

not necessarily. i do think bitcoin strayed from the path of "peer to peer electronic cash" and more toward a digital gold kinda of asset.

okay that makes more sense.