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RE: Serai DEX

in LeoFinance2 years ago

"...Bitcoin is crabwalking..."

In terms of day-trading my ass off using hourly candles yes, it's crabwalking.
In relation to gold within the current context we are talking about not so much.

The gold market massively outweighs BTC, well over $15T. Every $1 the price rises is ~$10B

This is an extremely reductive statement.

Market cap and actual liquidity are only loosely connected.
It is a big (and wrong) assumption to say that once BTC gets to $15T it's going to calm down like gold did.
BTC doesn't give a fuck: it will be more volatile than ever at $15T.
In fact we're all about to find that out the hard way in less than 2 years during the current cycle we are in.