Urgent Update: BTC will survive but how about the Rest?

CPI came pretty much as expected but Core Cpi higher- that means that inflation could be coming to the 'Top' but consumer spending could be next to take a beating and this is BAD news for the Market (and crypto).

Don't forget that the only times the CPI (inflation) actually dropped was 2008 crisis and pandemic/lockdown months :


To cut the long story short:

- bad news and more pressure

- recession could be next

- Luna situation caused extra worries on crypto assets (lost faith by many investors)

- Bitcoin REMAINS the safest asset!

- Altcoins will demand EVERYONE to do a lot of research first (like it should had been anyways)


Keep you posted,

the FXPROFESSOR