Eurozone inflation reaches 9.1%, the highest ever recorded and the rest of the world is pretty much in the same situation. One can say that it is by design... but no, it's not by Putin's design as some might imagine. It's of the elites...
I know, I know... too many conspiracy theories in here.
But, most of the ones I was following for good years turned out to be true. I guess no conspiracy theory forecasted Bitcoin, but here we are having the chance of grabbing some of the future of money, or better said a chunk of what some might call "proof of security" while it is "still cheap".
10 years ago today #Bitcoin was $9.55. You can hardly buy yourself dinner with that money now, probably a burger or two, but no soda to that... Who would have imagined Bitcoin going that far and high just ten years ago? Probably just a few...
Some can't see the future of Bitcoin and cryptocurrency not even these days when having access to technology, and valuable knowledge is so easy and open for all and it's so obvious why they're blinded. Why don't the masses do their own research?
Cuz they're waiting for folks like Jim Cramer from Mad Money to tell them the what, when, and how of their future investments, and currently, the mad money man is advising people to avoid bitcoin...
“Look, Fed chief Jay Powell told us that we need to stop doing stupid things with our money. That was the thrust of his speech on Friday".
“What matters is that we just have to get through it intact. Don’t get memed. Don’t get SPAC’d. Don’t get crypto’d. And you’ll get through this thicket and find yourself in a much better time when we are sufficiently oversold for a huge bounce.”
source
THIS MAN IS FULL OF SHIT.
I've watched some recordings of him and he's clearly a showman but I wouldn't decide my portfolio based on this guy's take. The public surely listens to him and the public will be left behind in the digital revolution for doing that.
NOBODY knows what Bitcoin or any other crypto will do tomorrow, we have the past data telling us that almost every cycle Bitcoin has corrected some 80% after the peak, we had a double top back in 2021, and the halving is still dictating cycles imo, and we're less than two years before the next halving, so why should anyone avoid Bitcoin right now...
So we can wait and see what the FED is going to do next?... Or how high inflation can rise before the economy plunges into a recession?
I don't see any point in doing that. We're heading towards the great reset, I don't know if we're really gonna end up eating bugs in a few years from now, Vitalik Buterin seems to be advertising that lately(what a sucker) though, but getting in the crypto boat NO MATTER THE CURRENT PRICE is imo the best life jacket one can have.
No one will ever time any bottom or peak and if you believe blockchain technology will play an important role in the economy of the future, what sense do these tops and bottoms make after all? The way I see it, crypto is about circumvention, about "good money" and taking that power of issuing money from the hands of the governments, so what sense does it make to not buy BTC now(if planning) and wait for some more FED announcements or anything related?
The FED is a private entity that doesn't work for the benefit of any of us, thus why wait for any salvation from it or Jim Cramer?
Thanks for your attention,
Adrian
