Sometimes I think it's funny.
In 2017, the CEO of Credit Suisse bank (the second largest bank in Switzerland, again in Switzerland) said Bitcoin was a bubble. At that time Bitcoin was $7,000. Bitcoin is now $28,000. Now BTC is still standing tall, while Credit Suisse has collapsed and had to sell itself...
When something new comes out and you support it, it mostly goes like this:
- First they ignore you
- Then they laugh at you
- Then they fight you
- Then you win. (maybe we are very close to this place)
Some of my thoughts, but note **not investment advice**
So last night the FED (US Federal Reserve) increased interest rates by 0.25%, so this is the 9th consecutive increase and also said it will not stop if inflation does not show signs of returning to 2% (currently 6%). The goal from now until the end of the year will be one more increase and then depending on the indicators, we will continue to calculate. In general, money resources will continue to be tightened even though there are signs that banks and financial institutions are being squeezed.
I think in the near future, if we don't see the economy officially going into recession, it will be strange.
Therefore, with real estate and stocks, it will be very bad from now until the end of the year, even extending into 2024. Bonds have lost confidence, so we don't say anything. So where will the money flow?
Gold will be a channel that many people choose now every time a recession occurs. In 2008-2009, after the financial recession, gold banks increased by more than 100% in just 2 years. At that time we only had physical gold, but now after 14 years we have digital gold (Bitcoin). Bitcoin was born in 2009 after the banking crash!!
Evidence in the past 2 weeks when there were problems with banks, gold increased more than 10%, but BTC increased more than 40% in just 3 days (when SVB bank, Signature bank, Credit Suisse showed signs of collapse). dump), onchain data shows that there are more than 1 million newly created Bitcoin wallet addresses.
-> In general, the financial and investment fields are like interconnected vessels and the "water" flowing between these vessels is the cash flow. When some vessels are unstable and show signs of cracking, the water will quickly be pushed to the remaining vessels. Observing & understanding these simple principles, each of us will keep money & earn money!
