THE FACTORS BEHIND THE STOCK MARKET AND CRYPTO MARKET CRASH
The OG crypto coin is showing signs of a strong support at around the $40,000.00 price range. With resistance being pushed by the overall market as we wait on the Fed to increase interest rates, The increase in interest is the FED taking action on the highest level of inflation in 32 years. This interest rate increase is the bigest factor that has cause the crash of the entire market. Bitcoin historically use to rise in price when the markets crash, before starting to decline in price it self. The same can be said about most alt coins. This year however we see Bitcoin dropping almost exactly the same as the overall market. This can be a direct result of the rate that crypto is being adopted by the masses. The other issues that are contributing to the drop of prices is the ongoing geopolitical tention caused by Russia in the Ukraine.
PUTIN AND AMERICA SQUARE OF AS THE WORLD FEARS FOR NUCLEAR WAR
The world is focused on this issue in fear of a nuclear war. If America's intervention angers Putin it could spark this nuclear war as Russia has one of the worlds largest nuclear weapon arsenal. This issue has also played a role in the bear cycle of the Stock markets and now the Crypto Market. The exact reason behind this tension does not necessarily matter, what does matter is the reaction America will have and in return what actions the America's reaction will have on Russia. If Russia had to start arming nuclear weapons America would do the exact same thing. That could then bring the Chinese into the mix and they could very well also arm their nuclear weapons. This will be the worst case scenario as the world super powers will then be forced to take extreme action against each other. The outcome of such nuclear strikes will change the entire world. So as the Russia Ukraine issue continues so to will the markets continue to be conservative in anticipation.
FINAL THOUGHTS AND OPINION
There are a lot of things going on that go beyond what I was discussing so far. The only thing that's constant in crypto is the speed that blockchain is changing adapting and being adopted. The truth is that a company like Eth or Ripple could be born tomorrow. And there will be many more coin surpassing Bitcoin as the future of blockchain technology becomes the present. The last week saw the launch of yet another government crypto coin. Sweden has joined China as they launched their very own crypto coin. It's a small step towards a better more inclusive digital financial system. The system we have been working with is corrupt to its core values are brought to reality with no real liquidity backing those digitally inserted extra money. The cryptosphere has been pushing for a more incluse and more rewarding monetary system. One that charges less on bank fees and interest fees. One that will facilitate the transformation required in the 3rd industrial revolution. One that's economically rewarding for all humans no mater your shape, color, religion or mindset. WEB 3.0 integration is the corner stone of this new concept. The concept we all want but can't believe is possible. But let's look at the facts. 1) the dotCom Era changed the concept of money. Information has always been key to survival but with the internet information became easily a freely accessible. The biggest advantage of the dotCom Era was the upgrade to web 2.0 form the read only web1.0. With the ability to create and give input into the internet. Information became even more easier to come buy. This brought us the big data farming social media platfos i.e Facebook, Twitter, Amazon and many more. These data farming centers (cause that's truly all they really do is harvest your internet data and sell it to advertisers or companies that require leads exct. Facebook, Google and the rest have become multi billionnairs thanks to this data collecting centralized hubs. Web 3.0 gives us back the data we now harvest save and sell our data for our self. With NFT technology we can take said data and mint It into a NFT giving us a real asset that we can sell in part or in whole as we please. We are all ready living in the age of earning through using the internet why not go one step farward and we can make a living selling the data someone was stealing from us and selling for millions and millions with no body even worried o caring about it at all. These are but a few things that web 3.0 bring to life but ultimately it's up to you to decide what kind of life you want to have in the next 20 to 30 years.
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