The Wolf Den #271 - Nothing Has Changed Except The Price
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This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COLast week, I was contacted by Business Insider to discuss the FED report and statements by Jerome Powell. They reached out before the news was released, with a simple question - what should investors do with their crypto holdings following the meeting. I found the question a bit strange and gave the following response, which I think is worth sharing."Simply stated, crypto investors should do absolutely nothing following the FED report. While Bitcoin occasionally reacts short term to global market news, it is historically uncorrelated to other markets and offers idiosyncratic risk in an investors portfolio. It is the best performing asset by many multiples over the past decade, and the words of the FED Chairman should do nothing to change this in the future. Further, everyone knows that the FED and Central Banks will continue to endlessly print money and prop the economy - the question is at what velocity they will do so. Bitcoin is a hedge against inflation, which is a real and unstoppable force in the current market.The entire FED charade is absurd. The entire world is watching with bated breath, hanging on every word spoken by a single man in a single country, analyzing his tone and what it may possibly mean. Markets should not be so fragile that they are moved dramatically by a speech or report, and the mention of a change in interest rate policy months or years down the road should not influence an investor's financial decisions today. The irony should not be lost - markets will react favorably to more quantitative easing and stimulus because it artificially buoys a manipulated market, and asset prices will drop at the mere admission by the FED that inflation is an issue. This cognitive dissonance is the tell tale sign of a broken market.We have completely lost the plot, which makes the case for Bitcoin far stronger."This works for any news event, correction or even bear market. If you are an investor, you do not react to short term news - you stick with your plan, shut off the computer and patiently wait a few years for your thesis to play out. It is worth keeping that in mind as Bitcoin and other cryptocurrencies continue to struggle. Nothing has changed except the price.In This Issue:Nothing Has Changed Except The PriceBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsChart RequestsCascading Liquidations ExplainedRIP John McAfeeAnother Billionaire Chooses BitcoinBrazilian Bitcoin ETF Begins TradingBasics Of Yield Farming And DeFiThe Wolf Of All Streets Podcast Ft. Scott HarrisonMy Recommended Platforms And Tools
The Wolf Den #271 - Nothing Has Changed Except The Price
The Wolf Den #271 - Nothing Has Changed…
The Wolf Den #271 - Nothing Has Changed Except The Price
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COLast week, I was contacted by Business Insider to discuss the FED report and statements by Jerome Powell. They reached out before the news was released, with a simple question - what should investors do with their crypto holdings following the meeting. I found the question a bit strange and gave the following response, which I think is worth sharing."Simply stated, crypto investors should do absolutely nothing following the FED report. While Bitcoin occasionally reacts short term to global market news, it is historically uncorrelated to other markets and offers idiosyncratic risk in an investors portfolio. It is the best performing asset by many multiples over the past decade, and the words of the FED Chairman should do nothing to change this in the future. Further, everyone knows that the FED and Central Banks will continue to endlessly print money and prop the economy - the question is at what velocity they will do so. Bitcoin is a hedge against inflation, which is a real and unstoppable force in the current market.The entire FED charade is absurd. The entire world is watching with bated breath, hanging on every word spoken by a single man in a single country, analyzing his tone and what it may possibly mean. Markets should not be so fragile that they are moved dramatically by a speech or report, and the mention of a change in interest rate policy months or years down the road should not influence an investor's financial decisions today. The irony should not be lost - markets will react favorably to more quantitative easing and stimulus because it artificially buoys a manipulated market, and asset prices will drop at the mere admission by the FED that inflation is an issue. This cognitive dissonance is the tell tale sign of a broken market.We have completely lost the plot, which makes the case for Bitcoin far stronger."This works for any news event, correction or even bear market. If you are an investor, you do not react to short term news - you stick with your plan, shut off the computer and patiently wait a few years for your thesis to play out. It is worth keeping that in mind as Bitcoin and other cryptocurrencies continue to struggle. Nothing has changed except the price.In This Issue:Nothing Has Changed Except The PriceBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsChart RequestsCascading Liquidations ExplainedRIP John McAfeeAnother Billionaire Chooses BitcoinBrazilian Bitcoin ETF Begins TradingBasics Of Yield Farming And DeFiThe Wolf Of All Streets Podcast Ft. Scott HarrisonMy Recommended Platforms And Tools