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A comment on $130B wiped off crypto markets in 24 hours. Parent comment

Re:$130B wiped off crypto markets in 24 hours by dragontamer on Monday January 24, 2022 @10:07AM (#30058496)
2008 was a period of deflation. Of course inflation hedges would drop, when inflation was negative.

Oil, housing, car prices all dropped at that time. Prices dropped so low that companies like General Motors went bankrupt.

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We face an opposite problem today. Prices are going up. Old established companies love this, they can sell their stuff at higher prices. Aka, inflation. Turns out crypto was terrible at hedging this scenario.

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Re:$130B wiped off crypto markets in 24 hours by thebean11 on Monday January 24, 2022 @10:35AM (#30058894)
You're right I stand corrected on '08, but if look at the 6m chart on a real estate index now it also seems like a bad inflation hedge. On the flip side, if you looked at crypto or real estate in November they seemed like amazing inflation hedges.

Most assets have tanked in the last couple months, so it's sort of misleading to single out crypto.

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