Events slated for next few months to impact Year End
Let's start with the Crypto Roadmap items:
- Theta Mainnet 3.0 - June 30, I expect Theta to start to move prior to the 3.0 go-live date
- BTC - Taproot brings the most significant upgrade to BTC since '17 a few items it brings increased privacy, lower transaction costs, etc. - Go live Fall '21
- ETH 2.0 EIP 1559 - go live July with London fork (hope to bring down ETH fee's)
- Impact to ETH dominance ?
- Cardano Smart contracts - aka Alonzo testnet in June/July
https://roadmap.cardano.org/en/
https://roadmap.cardano.org/en/status-updates/- Add in WMT - World Mobile Token on Cardano (US & Canadian citizens don't expect to gain this access for a long time)
These are just a few of the Crypto project updates, I am just covering these and in no manner am attempting to disrespect any of the other Crypto projects. I just don't have the time to follow in detail any more at this time.
Next let's move to Global Banking Rule Impact:
In the June / July '21 timeframe BASEL III reserve requirements come into play; which require 85% equity position. To net it out quickly, the impact to the LBMA settlement system... it could be destroyed in a matter of a few weeks.
Why? What's in danger? All their unallocated shorts (aka Naked shorts)! I say good riddance to the criminal system and their protectors!
In the USA, Basel III will be implemented by the OCC (Office of the Comptroller of the Currency) for the US Dollar. It will be ENFORCED as stated by OCC. Recall Banks have been warned and should have been getting out of risky positions and building up reserve equity positions. Have they? Only time will tell. My assumption is NOPE!
Precious Metals (PM)
US mint has been offline or at sub par production for months and will continue that manner until July of this year. Perhaps to drive up premiums as US Mint has a huge Silver Short position. Seems odd to me.
Summary - lots of great new innovation coming in just a few short weeks, then we get Banking fireworks. What's not to love? Fall of '21 will be massively different across the board! True, Individually each of this are not meaningful enough to move the market themselves, however, collectively they bring weight to change the trajectory of the YE.