I have spoken about the macro environment we are in and how a CONFIDENCE CRISIS is coming. Central banks are out of ammo and it is now about maintaining confidence in what they are doing. They will be cutting rates (a race to the bottom, killing fiat) and will go back to stimulus. They will NOT call it QE...but once people realize we are in a QE environment forever, when it was supposed to be a desperate attempt to prevent another 1920's-30's depression, and markets are now propped by central banks. There is nowhere to go for yield except stocks.
Spoken on why Gold is the CONFIDENCE CRISIS asset. We will see the US Dollar and GOLD move up together. People go into gold when they lose confidence in governments, banks and the fiat money....human history is CYCLES of soft money (classical economics) and hard money (mercantile/keynesian economics). No fiat has ever survived, we always go back to Gold. I have written many posts of interest about this.
For the crypto market my analysis remains the same. China is the key and really for Bitcoin. Alt coins will only get a pop when NEW buyers enter the market. A lot of the average joe traders/investors/speculators got in during the mania and want to get out for break even or small profit. Regulation is what the alts need. This is how institutional funds and big money funds will get into crypto...because there will be some sort of depositer insurance.
It is very hard for a fund to tell their investors they put millions of dollars in cryptos when there is a chance the exchange may shut down.
Bitcoin has its uses though...mainly for an intermediary to transfer money...I have outlined how DIGITAL MONEY is coming to track money for taxation which the socialists want for MMT and universal income. The next crash, expect banks to close and government will introduce digital money to make people happy and to prevent bank runs.
I have spoken a lot on Bitcoin and Gold. Although I prefer PM's, Bitcoin may be an asset to hold when fiat falls as well. Central banks will be killing their currencies to inflate the debt to create a wealth effect. This is coming.
Bitcoin is now at a very important resistance/flip zone. A zone we did break down below before. Will be interesting to see what happens here as the Fed rate cut approaches and markets pricing in MULTIPLE cuts.
Spoken on why Gold is the CONFIDENCE CRISIS asset. We will see the US Dollar and GOLD move up together. People go into gold when they lose confidence in governments, banks and the fiat money....human history is CYCLES of soft money (classical economics) and hard money (mercantile/keynesian economics). No fiat has ever survived, we always go back to Gold. I have written many posts of interest about this.
For the crypto market my analysis remains the same. China is the key and really for Bitcoin. Alt coins will only get a pop when NEW buyers enter the market. A lot of the average joe traders/investors/speculators got in during the mania and want to get out for break even or small profit. Regulation is what the alts need. This is how institutional funds and big money funds will get into crypto...because there will be some sort of depositer insurance.
It is very hard for a fund to tell their investors they put millions of dollars in cryptos when there is a chance the exchange may shut down.
Bitcoin has its uses though...mainly for an intermediary to transfer money...I have outlined how DIGITAL MONEY is coming to track money for taxation which the socialists want for MMT and universal income. The next crash, expect banks to close and government will introduce digital money to make people happy and to prevent bank runs.
I have spoken a lot on Bitcoin and Gold. Although I prefer PM's, Bitcoin may be an asset to hold when fiat falls as well. Central banks will be killing their currencies to inflate the debt to create a wealth effect. This is coming.
Bitcoin is now at a very important resistance/flip zone. A zone we did break down below before. Will be interesting to see what happens here as the Fed rate cut approaches and markets pricing in MULTIPLE cuts.
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