Hi dear followers and friends!
I try to cut down my screen and net time, but as an Influencer I am obligated to respond to latest market events.
I will make it short and sweet, just like the crush in NASDAQ index today.
Fiat rases interest rates, too little too late. But the markets reacts sharply because they are based on debt. The debt leverage is very sensitive to interest rates.
In the short term crypto will suffer, but as crypto is less inflationary and more reliable, especialy BTC, we are going to see relatively value increase in BTC.
Well BTC can go down to 30k$ or even some wait for the 27k$ (I think they can wait forever). But for sure in these levels many investors will jump back in. By 2024 BTC will be 100k$. Nothing is certain, but this is a reasonable scenario.
Hive is the most valuable crypto and the less famous. Do the math ;)
Allow me to not fall for the Elon Musk branding. I see a cinical group making money and talking about free speech while aggresivly shutters critics. The spin is taking twitter now and make it more inclusive. This will bring back traffic and make it more valuable. Then Twitter will be sold back to public in a higher price and will ban again (because it won't be like Hive truely decentralised). The public will lose just like in the Doge games.
Hive can go down to 0.08$ easily, but it will rise. I see 10$ Hive when people will get it. Until then, swim against the current and believe that you can't fool all the people all the time.
Peace
