Surely you woke up today 3% poorer than yesterday, especially if you are an investor in cryptocurrencies, bitcoin has reduced its price significantly in recent days (actually in the last two months) and with it has pushed the rest of the altcoins into the abyss of red numbers.
Actually volatility in BTC prices is normal behavior in this cryptocurrency, it has happened before and will continue to do so in the future, despite this it is much more reliable to take refuge in the main digital currency than in the vast majority of altcoins and obviously in fiat money.
I have that feeling that we are heading towards a "Perfect Storm", because not only the cryptocurrency market shows a behavior similar to the dotcom crisis starting this century, a phenomenon that destroyed most of the internet projects (and strengthened Amazon, Google and Facebook), also the collapse of the euro, the pound sterling and the vast majority of national currencies together with the impossibility of the US Federal Reserve to control inflation, plus the rising price of oil and gas and the "clean energy" hoax, are turning this world into a real time bomb waiting to explode.
But is Russia really to blame for all of this? When you don't have the answers or when you want to hide the reality the best thing to do is to look for external factors to blame with the help of the mass media. Mr. Biden in his eagerness not to lose votes for his bosses, the ill-fated Clinton couple, accuses his Russian counterpart Vladimir Putin, who from the Kremlin mocks and laughs loudly at every announcement of sanctions sent from the West, of all the current economic ills.
The fact is that the US economy had been collapsing since before the war in Ukraine, even before the COVID-19 pandemic, the FED did not stop printing money and the banks did not stop requesting it unless they wanted to go bankrupt in a chain. In the last two years more than 30% of the dollars in history have been issued to save banks, Wall Street and most of the American people in critical situation (insentives), of course so much free money brings its consequence: the inflation monster.
Now with the financial markets in check, the S&P500 (the 500 most important companies in the United States) and the NASDAQ index (technology) plunged into a red arrow only seen in the oil crisis of the 70's, cryptocurrencies plummeting, the dollar and the euro in the process of self-destructing, energy prices threatening to skyrocket (oil could exceed $500 by the end of the year) and the whole world under the threat of famine as food prices rise, seems to indicate that the crash is around the next corner and politicians will do nothing to stop it.
Particularly, I have dedicated myself to invest in commodities, energy, bitcoin and gold, I forgot about fiat money (dollars and euros) of which I only have what I need in cash (absolutely nothing in banks) ah, and my cryptocurrencies are in my own private wallets, where only I am master and lord of my keys, because most likely the governments will go after the digital money of the exchanges (Binance, Kraken, Bitrex, and others) and other financial institutions to prevent them from being sold by their owners. And you, what do you plan to do?
Posted Using LeoFinance Beta
