As soon as we had some positive news and positive direction we get hit by more negative news and the price looks like it could slip below $20000 again. I do not look at charts because I do not know how to read them and I think most of it is guessing from the speculato5rs but what caused us to slip down further after getting above $25000?
Short term news is inflation has not left us.
Ukraine 🇺🇦 vs Russia 🇷🇺 still going on.
Binance is to be questioned by US senate about shifting 1.8 billion in coins illegally.
Coinbase had an inside trader scandel
I can assure you interest rates will be good for at least a year.
And we are going to get the new I-Bond number which is at least 6%
The I-bond rates are brutal attack on all of crypto.
nov 2021 over 7%
april 2022 over 9%
nov 2022 near %
april 2023 over 6% is pretty much a done deal.
with proper understanding of how to buy these bonds you could have grabbed
15k in 2021
15k in 2022
15k in 2023
if the entire usa population was capable of maxing these bonds.
it could be 5 trillion a year or 15 trillion since rates got good.
This attack on crypto is not going to end.
Also as I have mentioned this is a great bailout for USA 🇺🇸 long term care industry.
they have gone from 3 trillion in dec 2021 to 3.5 trillion in dec 2022
and 40-55 percent chance of bankruptcy to a 30-35 percent chance of bankrupty
this is about 14 major companies that have accepted private payments for decades.
Genworth
John Hancock are two of the top 14 companies.
I follow them since my bro-in-law has them for his dementia.
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