US inflation data released, better than expected. Last year US inflation at 9.1%, the highest in 40 years!
Crypto market reacting negatively, the Fed tends to be more aggressive in raising interest rates at its next meetings.
In the gold rush, those who got rich were those who sold the shovels and all the mining tools. Few (minimal) gold hunters have built wealth… can you see any similarities to the crypto market?
I see a lot. Infrastructure focus.
#Bitcoin
If you had bought every time bitcoin was considered dead a little bit of #Bitcoin you would be so fine….
Don't get carried away by global pessimism… stick to your strategy!
Goldman Sachs Journey into Crypto:
2017: BTC is a vehicle for fraud
2018: BTC will never come back
2020: BTC is not an asset
2021: Started offering BTC to customers
2022: Raising 2bi to buy Celsius
We're just at the beginning
#Bitcoin
US job creation came in at 372,000 in June, more than 100,000 above market estimates.
Heated labor market. Do you know what that means?
Fed will raise interest rates sharply. Get ready.
#Bitcoin
Most people are content to live average lives, work jobs they don't like, and count the days until they retire earning little money.
Fortunately, you are not the majority.
#Bitcoin
The cost of over-leveraging the crypto market is taking its toll on this bear market. Platforms that survive this stress test will come out very resilient, but I would not take lending risk at this market time.
#Bitcoin#cryptocurrencies