I'm not re-inventing the wheel here. The last major bull run, a la, 2017 was retail driven. As FEDs globally print more and more money...not just the U.S., but Australia, UK, European Central Bank etc. They're allllllll printing in the coming months. Metals like gold and silver have been a historic safe haven, and they're acting "somewhat" as such during this downturn. As jobs reports, earning reports and other POOP numbers flood global markets over the next quarter or two, the rest of the equities dump will happen. BTC being correlated ATMoment, because it's a rich day traders "extra money playground" will be hit hardest at first, as it has been...its bounce has been correlated to the dow/S&P, and we're about to see the retest of lows from march, also correlated to the broader markets....but after the dust from the major drop settles, and corporations are barred from corporate buybacks which have comprised some 30-40% of stock market volume over the past decade long bull run in global equities, BTC is poised to act as a safe haven against Global Inflation both for companies who cant buy back their own stock with some cash on hand, and ultimately "retail joe", when jobs come back and he's lost all trust in the dollar because of significant inflation , and the fact that we've had two meltdowns in not even as many decades. U.S. and china were basically the two major economic drivers of the globe over the past decade...other gobal markets were already lagging.....if the U.S. starts offering negative interest rates, or you see weakness in the dollar(which you will as we out-print everyone) look to your precious metals and gold and of course BTC , and BTC .....did i mention BTC long term? Unfortunately, its sad to note that C.V. hits older people hardest. Keep in mind a transfer of wealth from older to younger people could take place and where a millennial might choose to reallocate their grandparents or parents wealth for growth over the long term....200,000 deaths at $500,000 each is $100,000,000,000 transfer of wealth....now i pulled the avg . wealth number outta thin air so dont jump on me about that but ya get the gist.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.