WHAT IS GOING ON
We see the world's economy looking very dull. The latest drops in the stock markets showing us clearly that things are going to get worse and there is no end in sight. The markets showed some relief this last month but all gained is lost in a matter of a couple of days. Since the start of the war energy prices have trebled in most of Europe. But what's pushing households and businesses even more into turmoil is that most central banks are facing huge inflation rates. With American Federal reserve pushing up interest rates it has caused a chain reaction as the world scrambles to avoid the next recession. Witch is clearly all ready here let's not forget the 2008 the banks are to big to fail hog wash. It does seem that he corn and wheat prices have recovered from the initial price surge. There are still big concern about the future. The other big concern and strain on the markets has to be the high inflation globally with the post pandemic supply chain strains on top of the pandemic and now the war in Ukraine. All these things have brought about the highest inflation globally since the 70s things are not going to get better soon. That can't be more evident than looking at the price of the euro . The currency has dropped more than ever before with it all ready dropping by more than 12% . There is also reports that the Russian gas pipeline that is supposed to supply many European countries has fallen by 75% in it's supply. Bringing about the question of Russia weaponising it's natural resources. These are the biggest factors in the decline and continued fall of most financial markets.
HOW HAS THIS AFFECTED CRYPTO
The crypto markets have not dodged this major crash of the markets and the increased global tensions. But the markets are keeping strong despite having a 6 week low Bitcoin is still a very attractive investment. The big reason being that we are in a war economy and with that comes lots of attention on heads of states and governments actions. This could give people a greater push to use crypto and Bitcoin more than most to try avoid the major losses the financial markets might take . Maybe even use crypto tokens tethered to the dollar to try avoid interest rates and inflation. But this is all speculation if this is the way the markets will go only time can really tell. At the moment the USD has set a highest 20 year price but that normally goes hand in hand with Bitcoin dropping. I expect Bitcoin to drop to $18000 but don't be surprised if it goes down to below $17000 . I do think however that at that price people will be buying alot of Bitcoin as it is a very low price and a very attractive investment at that price.
When this bearish market will end. Only time can tell.
That's all from me Derbycuzxrp
Till next time
Tttttttttttttttttooooooooooooooo
Tttttttttttttttthhhhhhhhhhhheeeeeeeee
mmmmmmmooooooooooooonnnnnnnnnnnn
lllllllllaaaaaaaammmmmmmmbbbbbbbboooooooo
