Anybody out there on swell think that we are in a crypto winter
Deborah Pardes
@DBPardes · 1:02
Hey, I don't know. I'm just inviting a few people who I think might have an opinion. But not knowing doesn't mean I don't have an opinion, I guess. I think crypto is reorganizing itself, I think not so much literally like as a function of blockchain systems reorganizing. It's reorganizing itself from a cultural perspective, I think it's self correcting
Jack .
@zejacques · 2:14
So in the next six months, I think a lot of projects or assets that were more or purely speculative will not last. And the projects that are really building something special, they're going to last these winter, it. So I'm really interested in some of these projects. I'm happy to talk more about it. Again, throwing back the question to you. Why do you ask, do you have a portfolio or an investment or are you just kind of curious? Thanks
Swell Team
@Swell · 0:15
Nick G
@NickGweezy · 2:02
So we are now at 125% of the money that has ever existed, and that's being clawed back now. So that high of 67,000 in Bitcoin. That's the absolute crescendo of the money supply. And you can see it reversing in the price of precious metals as well as precious crypto, commodities
And at the end of the day, I find myself in a position where it's like, okay, do I want to stock up a full year's worth of food rations? Or would I rather put that 2002 crypto? It's a tricky situation because we don't know what food shortages are going to bring, so we're already seeing the gas prices jump