The Price of a Pandemic: Does Bitcoin Know Something We Don't?
The crypto & tech community were sounding the alarm weeks ahead of most of us.
|Mesh Lakhani||Apr 2|| 6|
I hope you’re all staying safe and healthy.
Maybe you’re sick of hearing about Bitcoin, or you have no interest whatsoever. Even if that’s the case, the Bitcoin, crypto and tech communities were way ahead of this pandemic than most of us. They were sounding the alarm at least a month before the rest of the country caught up. Why is that? Here, we learn from the price action of Bitcoin in recent weeks to give us a glimpse into how markets may act in the future.
Episode 2: Bitcoin (14 min)- In today’s episode, I talk with Avichal Garg - co-founder of Electric Capital. Avichal was my guest on Season 1’s, “What’s the Deal with Bitcoin Part 1 & Part 2” ( a deep dive). Avichal helps us understand:
Why folks in the crypto & tech community are hard-wired to think of worst-case scenarios
Why investors are fleeing to assets like gold and cash
Why Bitcoin crashed 50% in a two day period and is not yet a store of value
How quantitative easing and Stimulus can cause inflation, and how to think about the broader financial system
Shout out to all the medical professionals on the front lines who are putting their lives at risk. We’re supporting The Frontline Responder’s Fund, which is helping cover the cost of transporting all the critical supplies to healthcare workers in need. Please support them IF you can.
I hope you find this episode as informative as I did. Please share if you think someone will enjoy or benefit from it!