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Fungible
Manage episode 366339412 series 3474370
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This story was originally published on HackerNoon at: https://hackernoon.com/fungible.
This essay covers Sharpe World, the fungibility of capital, and the budding currency war between China and Japan.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #cryptohayes, #cryptocurrency, #cryptocurrency-investment, #cryptomarket, #economics, #hackernoon-top-story, #foreign-exchange, #good-company, #hackernoon-es, #hackernoon-hi, #hackernoon-zh, #hackernoon-vi, #hackernoon-fr, #hackernoon-pt, #hackernoon-ja, and more.
This story was written by: @cryptohayes. Learn more about this writer by checking @cryptohayes's about page, and for more stories, please visit hackernoon.com.
The current market setup reminded me of the summer of 2015. The Bitcoin price hovered around $200 for what seemed like an eternity. From August 2015, the price of Bitcoin sparked a rally in China’s interest for Bitcoin. I believe something similar could happen in 2023. Rather than handing out free money to rich people who hold assets, the most influential retail buyers shifted from China to the US.
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