If you're believing the financial newspapers and bears, the world is on the brink. Europe is out of cheap gas. Inflation is devouring everyone's money, QT, war, supply chain issues, interest rates are being raised everywhere, everyone is literally screaming for recession. The big Q when will the alien invasion finally hit us to complete the list of deasters? However, there are also many indications that the world market is improving. Many of the past catastrophes are well priced in at the current level. The order books of the enterprises are well felt and even recovering, the employment high, the price of commodities overall well fallen. We are currently at a crossroads whether the current financial situation will turn out to be a rather mild recession or we are halfway towards a global long-term catastrophe.
I tend to the first theory, that opportunities are open for traders to enter, before BTC hits new ATHs next or over next year. We should keep in mind that the huge amount of money which was printed during covid is currently entering the financial world, which is why the demand for commodities is high and still affordable, while the supply is still shaky and the interest rate has been raised sharply. Inflation prices will stay and once we hit lower interest rates and the FED pivots very soon, we will see people rushing back into risky assets such as Bitcoin. We're not far from it.
This is not an recommendation to buy and/or Trade bitcoin. Please do your own research.
I tend to the first theory, that opportunities are open for traders to enter, before BTC hits new ATHs next or over next year. We should keep in mind that the huge amount of money which was printed during covid is currently entering the financial world, which is why the demand for commodities is high and still affordable, while the supply is still shaky and the interest rate has been raised sharply. Inflation prices will stay and once we hit lower interest rates and the FED pivots very soon, we will see people rushing back into risky assets such as Bitcoin. We're not far from it.
This is not an recommendation to buy and/or Trade bitcoin. Please do your own research.