Blatant Market Manipulation. Bitcoin Will Still Crash To Zero.
Charlie Munger said it best. An excerpt from Fortune states that "He says he wishes it had never been invented. He says that Bitcoin is “stupid and evil,” and useful to “kidnappers and extortionists.” He compares crypto to “rat poison,” and a “venereal disease.” And he says it’s “almost insane to buy this stuff or trade in it.” "
If the partner of Warren Buffett, who is considered the wisest investor in the 21st century, is so vocal about Bitcoin and all cryptocurrencies, why are you ordinary retailers still not afraid that you are investing into a bottomless pit with your hard-earned US Dollar, which is about to begin a decade long bull run that probably won't see a peak until 2031?
2023 is by far the strangest year for economics. The Fed's raising interest rates and quantative tightening should have ensured that the DXY would have begun it's bull rally by the start of the year. But meme-filled WallStreetBets style investors continue to manipulate the market to go up, even though all technical indicators and economic data showed that the real bear market has not even begun to unravel itself. Yes, Bitcoin didn't crash to zero by 2/1/23...Yes, DXY did not bounce as hard as I anticipated (it's bouncing back now and will not stop until 2031. See my previous musing for my prediction: www.tradingview.com/...Y-Supercycle-Begins/). That doesn't eliminate the fact that the M2 US dollar supply is shrinking and that economic demand has risen in January, and in a blink of an eye, the Feds will start doing giant montly interest rate hikes again (even 100bps per months).
Bitcoin and all trash crypto will crash to zero by 5/1/23. It is time to take all your profit off your table, as it is your last opportunity to do so, and come to the safe haven of the US dollar, which will become the real deflationary asset, have real world use, and not bad for the environment. Your welcome.
If the partner of Warren Buffett, who is considered the wisest investor in the 21st century, is so vocal about Bitcoin and all cryptocurrencies, why are you ordinary retailers still not afraid that you are investing into a bottomless pit with your hard-earned US Dollar, which is about to begin a decade long bull run that probably won't see a peak until 2031?
2023 is by far the strangest year for economics. The Fed's raising interest rates and quantative tightening should have ensured that the DXY would have begun it's bull rally by the start of the year. But meme-filled WallStreetBets style investors continue to manipulate the market to go up, even though all technical indicators and economic data showed that the real bear market has not even begun to unravel itself. Yes, Bitcoin didn't crash to zero by 2/1/23...Yes, DXY did not bounce as hard as I anticipated (it's bouncing back now and will not stop until 2031. See my previous musing for my prediction: www.tradingview.com/...Y-Supercycle-Begins/). That doesn't eliminate the fact that the M2 US dollar supply is shrinking and that economic demand has risen in January, and in a blink of an eye, the Feds will start doing giant montly interest rate hikes again (even 100bps per months).
Bitcoin and all trash crypto will crash to zero by 5/1/23. It is time to take all your profit off your table, as it is your last opportunity to do so, and come to the safe haven of the US dollar, which will become the real deflationary asset, have real world use, and not bad for the environment. Your welcome.