I believe its clear we have reached the point of no return, a recession is upon us. Inflation at a 40 year high as a result of excessive stimulus given to banks to hold up markets. Purely based off of analytics we can expect this recession to last at least a year.
First the stock market will recover then crypto will follow. We will still see pump and dumbs in crypto from these struggling hedge funds to make an easy buck. But BTC and ETH will continue to struggle. This and the drama from FTX (surprised there is even a bankruptcy and not a fraud trial) has made me especially bearish on crypto with an active short positions.
I will continue to post to update on my market opinions. I called the beginning of the market crash 11 months ago (@bazookamike/highest-inflation-in-30-years-feds-tapering-what-this-could-mean-for-crypto-this-december) if you look back at my post. If you have any questions let me know.
