Bitcoin Is Down, But Its Case Has Never Been More Compelling Today

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This is an opinion editorial by Andrea Bianconi, a research assistant at the Idaho Freedom Foundation, which is a public policy think tank.

An analysis of the fundamentals, recent geopolitical and macroeconomic events and their impact on Bitcoin’s future.

Introduction

In the last few months, financial markets have lost over 30% from their highs as the Federal Reserve Board took away the punchbowl from the intoxicated market players by hiking interest rates, and now recession (stagflation) seemingly looms.

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