When Bitcoin pump's in 2023 will it correlate with the stock markets and NASDAQ? It is highly likely that the price of this crypto asset will go sideways for a whole year before we see serious action on the bull side. To where it peaks at $40,000 to $50,0000 per coin.
Bitcoin a hedge against stagflation. Increase in price inflation while real economic growth of product and service's of companies holts.
Where seeing some green for the first time this month with a Bearish run. One not set to continue. Is likely that the intrest rates continue to rise. So much so that the recession of two quarters turns into a long-term depression in 2023 lead into another recessive year. True signs of a failing economy, eventually the FED will have to print more money. Money printer goes bluuuurrrrr! In the attempt to revive a failing economy. With failing government bonds that investors are up in arms about that affects mortgages. In the UK we had tax Cuts as part of liss trust new budget but then a U-turn was decided upon as much damage was done. 40% of mortgages where pulled out of the market during the tax cut fiasco.
Peace, Love and Joy.
Namesté
