TLDR:
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Bitcoin’s rise diverts investment from commodities.
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This suppresses commodity prices and inflation.
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Money goes into crypto instead of real economy goods.
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Without Bitcoin, investment would boost commodities and economic growth.
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Crypto mainly benefits the wealthy, not the real economy.
Trump’s blessing on bitcoin could back-fire big time.
Many are hoping China “stimulus” helps hard commodities get a durable bid, or USD falling does.
But not gonna happen if Bitcoin + crypto keep rising.
Why?
BTC serves as the off-ramp to suck out any liquidity that would…— Samantha LaDuc (@SamanthaLaDuc) December 11, 2024
Bitcoin’s surge is a mirage of wealth, draining resources from real economic growth and siphoning potential into the pockets of the already rich, at the expense of America’s future.