While you were all watching the grandma on the plane measure the size of the genitals with the Chinese grandfather, hackers gained access to the funds of the owners of Solana wallets, stealing millions of dollars.
There is a full-fledged epoch-making economic war. Life is the desire of some organism to adapt its expectations to the objective reality. The ability to predict the future, or at least notice its changes, will help you earn or not lose money.
We have reached the next stage of the dot-com bubble explosion in crypto projects: bursting, hacked, and not-thought-out projects - inflated (for example, Luna). It all will burst and become fodder for new ones. The crypto will develop, but this does not mean there will be growth now.
Behind the fall of the stock and crypto markets, the real estate market is waiting for you. The global real estate market will inflate again. This time the reason is China and India.
You may not be an economist, but I think you have heard about economic cycles. The scenario is always the same: VCs go first because no one wants to take more risks, then the high-tech stock market goes down because no one invests in hard research that might not pay off. Then industry indices. When all falls - precious metals and cash rise. People hedge the risks and flock to buy real estate, burying money in concrete instead of increasing turnover.
As a result, they destroy the real estate market, trying to save money and making it illiquid. Keeping money under a mattress or real estate is wrong for a recovering post-COVID economy.
Even more "interesting" times await us. Create turnover and business processes along with jobs, rather than stockpiling for a rainy day. Stocks will not save if they suddenly depreciate, but turnover and workplaces will help.
TNX FOR YOUR BTC CHART VERY Helpful YOU are the first person I'm really tnx Could you update BTC chart?
Priyamgupta
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Thanks for the analysis. Not sure I quite understand your stance on real estate. What do you mean by China and India will inflate real estate. Shouldn’t real estate be slowing down for a long time due to all the speculation and raised rates?
Joel8
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@Priyamgupta, I'm pretty sure he is referring to the 21% of homes — some 65 million — that were vacant as of 2017. That's enough to house the population of France. The number of ghost cities China has is just unfathomable. Unlike the U.S where we have ghost towns because people just ended up abandoning them with minimal infrastructure. Where China's ghost cities are filled with new builds & high infrastructure. And that's just barely scratching the surface there's obviously more to it, it gets deep. Perhaps do some research on the topic.
Kalete
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and now up ;) ty!
Confucius-The-Great
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Thanks for the history lesson & market insight.
I never forget all the stories about efficient free markets.
Efficient markets where?
simplejoe1
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just solana or also btc? thanks
Vibranium_Capital
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interesting perspective
JoeChampion
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It makes sense, macro environment is bearish BTC too!
ProjectSyndicate
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excellent summary and setups today
SwallowPremium
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Quite an unique view of perspective by the description, could say haha, but we on the same opinion with close future prediciton, thanks!
YOU are the first person I'm really tnx
Could you update BTC chart?