Or something like that?
Warren was just telling us about something he observed at the beach one time
All of cryptocurrency is a risk asset. When credit and money is cheap and flowing freely, it flows into risk assets like crypto, driving up their price and forming bubbles. When rates rise and credit and money is no longer flowing freely, it flows out of risk assets into safer havens, popping the bubbles. That's what happened to crypto this year.
The collapses and fraud revelations were a consequence of that, not the cause. Blaming the macro is accurate.
Are you suggesting that crypto is to blame for inflation? how would that work?
No. The only claim is that crypto is sleeping in the bed it made, bedfellows included.
