"People get confused sometimes they think an economy is money. Money is a database for exchange of goods & services. Money doesn't have power in & of itself. The actual economy is goods & services"- @elonmusk
Market Update & Forecast (1/8) 🧵
With BTC down 70% from ATHs, have we seen max pain?
Looking at the crypto-equity correlation--well, not yet!
Worsening macro & geopolitical conditions, plus the risk of more Fed rate hikes means we could potentially see more downsides