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For the first time in 20 years, the U.S. dollar has been surging so much that the Euro sinks towards parity with the Dollar, currently trading at €1/$1.01, being almost equal. This is a threat to both Europe and USA, since imports are now much more costly for Europe. The exchange rate is also driving oil prices up, since purchasing a barrel of oil valued at $100, now costs €98-99 for Europe, while a few months ago, the same barrel would cost €80-90 at most. Goldman Sachs warned that the Eurozone is on the edge of recession, especially with Russia's decision to cut CNG supplies to Europe, resulting in huge surges in prices. While the war in Ukraine hasn't affected USA as much as it has Europe, it has magnified oil and gas prices, punishing European consumers with the surging living costs. What are your thoughts? Will Euro's value fall lower than the U.S. Dollar? One thing is certain though, we're going to go through a tough time in the very near future. Sources: https://fortune.com/2022/07/07/us-dollar-euro-nearly-equal-value-economy-inflation/https://www.ft.com/content/48c7041f-1fa4-42ee-99f6-4a5955668fb6Edit: Thanks LoyceMobile, I meant to say that U.S. exports are much more costly for Europe, bad phrasing. I see that the price of the euro will definitely be less against the dollar, since Europe will probably have to pay for the benefit of other countries. What does it mean? Probably many people know about the problems in the United States, namely in their economy and finances, and so this all needs to be resolved and it has already been found, namely, the ruin of Europe will just allow the United States to help solve its problems at this stage in the first place. Based on this, the price of the euro against the dollar will continue to decline. |
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We have heard of several countries that are embracing BTC, and even in it's falling state, some want to partake of it. It's quite an impressive initiative that the Swiss Post office, through it's banking arm, PostFinance, are taking to offer crypto services to it's customers in response to their demands for it. The plan to introduce this service will be the first of its kind as it aind to independent from other banks and operations will begin from 2024. Despite it's fall from it's all time high price of 69,044.77 in Nov of 2021, the need to venture into cryptocurrency was necessitated by citizen's demands. . “Our clients want direct access to this market through their house bank. Given the growing institutionalisation [of cryptocurrencies] in the last 18 months, this is the ideal time to enter the market,” Sandra Lienhart, head of retail banking has this to say. This move will go a long way to helping Bitcoin go global and I expect to see more people who were less welcoming of it to have a change of heart. What do y'all think of this? Your thoughts. https://finbold.com/swiss-post-office-to-offer-crypto-trading-and-custody-services-by-2024/Even the current situation in the world is forcing Bitcoin to become an international means of payment, and as we can see, everything is moving towards this. As for the attention to BTC, it is important to note here that the high inflation of fiat money is forcing people to look for alternatives and Bitcoin is just one of them. But what is most interesting is the emergence of information about the great attention to BTC from banks, which indicates its acceptance as a means of payment and a means of savings. I am sure that now, with every passing day, the interest of ordinary people in the first place in BTC and cryptocurrencies will only grow, which means that in the future the crypto market will experience rapid growth. |
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Arguably, the most significant driver of Bitcoin value is its future price speculation. There have been several speculations of BTC price by top crypto influencers, while some have come to pass but it appears that the 100k price milestone appears elusive.
The $60k prediction came to pass but BTC has since lost more than 65% of its ATH price.
Do you think that BTC will ever rise to and above 100k in the near future? Wil it be before or after the next Bitcoin halving or this price would never come?
What's your opinion?
As for the price of BTC, I see that the bear market has now begun and in general it can last about four years. Why is that? First of my personal observations, the crypto market has a cyclical nature, which indicates periodically repetitive actions. If we take this into account, it turns out that the crypto market has entered a new cycle since the beginning of 2022, which led to a fall in prices for cryptocurrencies and BTC. Based on information from previous cycles, it can be assumed that a new flight to the moon and possibly reaching BTC prices of $100,000 and above will occur by the end of 2025. However, this does not mean that all this time the price of BTC will fall all the time, of course it will show both growth and fall, but there will not be a new flight to the moon during this period of time. |
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To me both look good, investing in gold first or BTC later, but I'm confused by the current market conditions especially in terms of ROI, who is the fastest to move on?
I want to note right away that you did the right thing by choosing BTC and gold for investments, because each of these assets is valuable and has an impressive success story. If I invested now, I would do the same as you. As for which of these two assets will show growth faster or the best result, then everything will depend on a number of factors, including the situation in the world. But be that as it may, BTC and gold are one of the best assets for investment at the moment, and both can help both save investors' funds and generate income in the future. |
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