Blockchain.com, Coinbase, Binance and many other companies are reducing their staff. So you can see the people who are in the non technical jobs are going to be losing the jobs due to the Global Recession. I feel that the recession is just beginning and in next few months things are going to be more strong in terms of the financial issues.

Taxation around the world would remain the same. And people are encouraged to spend more, export more and balance with local infrastructure. This real world drama has nothing to do with the progress nations are planning on blockchains and their ability to tax crypto. Things are just different in real world so expecting the Dino politician to keep up with tech world would be too harsh on them.

So what can we expect this December?

Slow Down of the War, Shifting of Forex Pairs

USD is losing the value. And war has made the Asian and African nations to consider other currencies other than the USD. Something US won't be appreciating. But they did to their own self by those sanctions and the things literally turned against them. Though the NATO and the imperial block is pretty strong, it'd take few months for them to regain the control of the world back again.

Meanwhile the Forex pair with USD is going to get some damage. You may find other currency pairs gaining some value because the Middle East, Africa, Asia and Russia all of them are in process of getting better currency instead of the USD. When you think of the life in that context you would realize that forex pairs by the end of the December would change the dominance in the market.

Bitcoin Not So High, Not so Low

Bitcoin is not going to go too down and it won't be touching 60K either. You need a lot of companies, people and the communities pushing the BTC and the ETH for the market to recover. This is a HODL period for real. I feel that bitcoin is going to be going through the HODL phases. I think if you are holding ETH and BTC then keep holding. Things are going to be just enough strong from this point onwards.

Selling too early won't be a good thing. Instead you have to think of the blockchains in terms of the investment and then go with that flow. I know it's not that easy to think of it from the investment perspective but with enough resources and the timing, I feel this can be done if you are already into the investment for some years.

Blockchain, Where You Going?

Blockchain is going to be adopted in every small pieces that we have in everyday life. Our govt are going to integrate for the various services, data and other stuff but that would happen in some speed and phase. So expect 2023/24 to have more blockchains even in the most poor countries databases. But let this happen slowly. Don't expect everyone to be El Salvador.

Accepting the Bitcoin or the any other coin to be the only coin for the govt or nation won't be the right choice. El Salvador has been suffering on that decision. So let's have it slow and hopefully it adds more transparency. We can learn a lot of small changes and the lifestyle improvement out of the remittance of the crypto in near future, especially in context of the developing nations.I feel blockchains and crypto in general are going to have a good year end.

Crypto Winter this time would be seeing something different and they are not your typical bear market cycle.

This recession is going to be brutal. It's going to be hard even for content creators.

Stay strong. Have things on HODL, use money as you need and wait for things to settle.