Imagine COVID1984 never happened: Would still trade @ $38k on 16th of January 2021?

Or higher?

Or lower?

I think we would be at the same price levels. Fed would have printed trillions of USD anyway.

@XBT The cracks were beginning to show in August 2019. The Fed was injecting billions in liquidity on a weekly basis, which wasn't sustainable. Makes one think of how convenient Covid had become. Regardless, the Fiat experiment never had a chance to begin with.

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