Why Bitcoin and stocks are really more bullish now then we think
After the March dump we have rebounded strongly. Why? Because the feds are buying up a lot more asset classes then we are aware of. They intend on propping up the market artificially which can very will lead to bitcoins ATH and crash all over again. This should in return cause some inflation to the USD over the next few years and we should notice every day items raise in price by how much I can't be sure my assumption is 20%. We just experienced a tight phase of deflation people losing jobs unable to afford living expenses. Followed immediately by the stimulus slightly rebounding the deflation and balancing it out.
"The problem in the early 1930's was that the rate of inflation was negative; i.e., there was deflation instead of inflation. The high real interest rate which came as a result of deflation could have been a major factor in the collapse of investment which was the immediate cause of the Depression."
Analyst charts show that this will be much more worse then the great depression. I'm not trying to fear monger you into hoarding supplies. My thoughts imply that great financial reformation will happen this decade USA will very likely adopt block chain technology and integrate some use cases for it. As for how we do we maintain an economy with a currency that is hyper inflating? The simple solution in my opinion would be to replace it. This would roll in line with most parts of the world experiencing economic hardtimes aswell.
Good luck stay safe!
"The problem in the early 1930's was that the rate of inflation was negative; i.e., there was deflation instead of inflation. The high real interest rate which came as a result of deflation could have been a major factor in the collapse of investment which was the immediate cause of the Depression."
Analyst charts show that this will be much more worse then the great depression. I'm not trying to fear monger you into hoarding supplies. My thoughts imply that great financial reformation will happen this decade USA will very likely adopt block chain technology and integrate some use cases for it. As for how we do we maintain an economy with a currency that is hyper inflating? The simple solution in my opinion would be to replace it. This would roll in line with most parts of the world experiencing economic hardtimes aswell.
Good luck stay safe!
Comment:
I suppose we will touch ATH much sooner then I thought. I am bullish as long as stocks/gold is bullish. If they tank so will Bitcoin. I can see major psychological resistances at ATH and then if we break it 30K would be the next zone we would really have to break to go possibly as high as 100K. With the amount of times we have dumped from 10K zone I suspect it was designed to keep bitcoin above that price. As long as we don't break that I am very bullish.
Comment:
Scratch any bullish sentiment posted above. Not until we break over 13.9k nothing has changed and we can still see big market crashes.