Saw this news recently about high net worth investors holding record cash and immediately thought about the degens on r/CryptoCurrency who bought high and sold low. Congratulations to all of us for being the exit liquidity for these high net worth individuals.
Here is the link to the news: https://www.cnbc.com/video/2023/06/01/high-net-worth-investors-hold-record-cash.html
Now, the good news or hope is that most of this money will be deployed in the market causing many bull rallies as the macroeconomic picture starts to look less bleak.
So our exit liquidity will eventually come to play for us. The question is, would we make these rich people our exit liquidity or buy at high again? I suspect latter.
Hail r/CryptoCurrency degens! We rock!
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