Last Bear Market Rally Before Collapse. Bitcoin to $0 By Dec 1.
For the remaining crypto bulls out there that are still holding onto the belief that Bitcoin "hedges against inflation" or "will go up when the feds pivot" or "but...but...the 2024 halving", I am delighted to warning you for the last time that this will be the FINAL time Bitcoin will see 20k ever again. The next FOMC meeting will see interest rate hikes of 100+ bps and realistically speaking, the DXY super bull market has not even started yet. Bitcoin and ALL crypto asset will imminently crash to $0 by December 1st and I will rehash my reasons again in this TA:
1. Sell ALL your Bitcoin . Not just that, whatever crap crypto you still have, convert it all back to fiat. Dump all your stocks, even the so-called "low risk dividend yielding ones" because NONE of the, will survive the imminent 99% market crash and recession that will stretch from today all the way to 2030. If you have money in 401k, take it out and eat the penalty. It will be worth it because the loss from your penalty and taxes won't matter compared to you losing 99% of your portfolio.
2. Convert EVERYTHING, I MEAN EVERYTHING into US Dollars. Just take a look at the US Dollar Index . Also feel free to check out my DXY bullish analysis. The US Dollar is the ONLY thing I will be bullish for all the way to 2030, in which I anticipate the DXY going above 1000.00. If I were you, I would even sell my house and live in a van for the next 8 years since your real estate property will also become worthless. Hold cash because US Dollar is king.
3. With the US Federal Reserve potentially raising 1% interest rate at a monthly basis and conducting quantitive tightening by shaving off all $9 Trillion dollars of their holdings of mortgage backed securities and bonds, the US dollar is the REAL hedge against inflation. We will see its purchasing power skyrocket back to its 1913 highs by the end of the decade. In 2030, while bitcoin /stock bulls are living in Hoovervilles, I will be enjoying my 5 cents a can of coke while laughing at you from the penthouse apartment that only cost me $100 a month.
4. Don't give me that BS about "well I'll just dollar cost average" or "bull market will make you money but bear money will make you rich". Tell that to those who invested in Lehman Brothers or Bitconnect, Terra Luna that "time" was on their side.
1. Sell ALL your Bitcoin . Not just that, whatever crap crypto you still have, convert it all back to fiat. Dump all your stocks, even the so-called "low risk dividend yielding ones" because NONE of the, will survive the imminent 99% market crash and recession that will stretch from today all the way to 2030. If you have money in 401k, take it out and eat the penalty. It will be worth it because the loss from your penalty and taxes won't matter compared to you losing 99% of your portfolio.
2. Convert EVERYTHING, I MEAN EVERYTHING into US Dollars. Just take a look at the US Dollar Index . Also feel free to check out my DXY bullish analysis. The US Dollar is the ONLY thing I will be bullish for all the way to 2030, in which I anticipate the DXY going above 1000.00. If I were you, I would even sell my house and live in a van for the next 8 years since your real estate property will also become worthless. Hold cash because US Dollar is king.
3. With the US Federal Reserve potentially raising 1% interest rate at a monthly basis and conducting quantitive tightening by shaving off all $9 Trillion dollars of their holdings of mortgage backed securities and bonds, the US dollar is the REAL hedge against inflation. We will see its purchasing power skyrocket back to its 1913 highs by the end of the decade. In 2030, while bitcoin /stock bulls are living in Hoovervilles, I will be enjoying my 5 cents a can of coke while laughing at you from the penthouse apartment that only cost me $100 a month.
4. Don't give me that BS about "well I'll just dollar cost average" or "bull market will make you money but bear money will make you rich". Tell that to those who invested in Lehman Brothers or Bitconnect, Terra Luna that "time" was on their side.