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 - up to $3600 worth. I really encourage you to check them out.One of my favorite quotes (I don't know who to credit) is “Bitcoin isn't the bubble, it is the needle.” This is becoming more apparent with each passing day. A dive down the Bitcoin rabbit hole exposes the gross underbelly of our modern financial system. The FED is digging itself into a deeper hole, the Omicron variant looms, our dollar is weakening, and inflation is rampant. More and more people around the world are beginning to question their money, how to store value, and how to escape the fiat system. We are lucky to have found an answer.That answer is becoming increasingly obvious as the prices of literally everything continue to rise. The November inflation report showed that U.S. inflation rose to a nearly 40-year high of 6.8%. The last time we saw a rate this high was 1982. Prior to the ‘08 market crash, the 1981-1982 recession was considered the worst economic downturn since the Great Depression. Keep in mind, the FED’s “supposed” target is 2% inflation and we have now more than tripled this figure. Furthermore, this figure is an average - you have probably noticed that the prices of some items have gone through the roof. Energy is up 33%, gasoline 58.1%, and used cars and trucks are 31.4% more expensive than this time last year. Some items and sectors are completely out of control.The future is unknown and Bitcoin (and a few other strong assets) is probably our best life raft. Even in the current shaky market, I believe it is riskier for investors to be on the sidelines then to have skin in the game. I have no idea how high the price of Bitcoin can go, whether it will drop first or when we will eventually see new highs, but I know that current market conditions make further price action "up and to the right" almost inevitable with time. Zooming out and looking at the macro economic environment, it is hard to imagine that patient investors will be punished. Buy and wait.There is a grand awakening happening. It will continue to progress slowly, but more and more people are realizing that the system is broken and that the bubble will eventually pop.“Bitcoin isn't the bubble, it is the needle.”In This Issue:Bitcoin Is The NeedleBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsHigh Gas Fees Are A Growing PainHacker(s) Promotes Bitcoin To 73 Million FollowersMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
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The Wolf Den #390 - Bitcoin Is The Needle
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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 - up to $3600 worth. I really encourage you to check them out.One of my favorite quotes (I don't know who to credit) is “Bitcoin isn't the bubble, it is the needle.” This is becoming more apparent with each passing day. A dive down the Bitcoin rabbit hole exposes the gross underbelly of our modern financial system. The FED is digging itself into a deeper hole, the Omicron variant looms, our dollar is weakening, and inflation is rampant. More and more people around the world are beginning to question their money, how to store value, and how to escape the fiat system. We are lucky to have found an answer.That answer is becoming increasingly obvious as the prices of literally everything continue to rise. The November inflation report showed that U.S. inflation rose to a nearly 40-year high of 6.8%. The last time we saw a rate this high was 1982. Prior to the ‘08 market crash, the 1981-1982 recession was considered the worst economic downturn since the Great Depression. Keep in mind, the FED’s “supposed” target is 2% inflation and we have now more than tripled this figure. Furthermore, this figure is an average - you have probably noticed that the prices of some items have gone through the roof. Energy is up 33%, gasoline 58.1%, and used cars and trucks are 31.4% more expensive than this time last year. Some items and sectors are completely out of control.The future is unknown and Bitcoin (and a few other strong assets) is probably our best life raft. Even in the current shaky market, I believe it is riskier for investors to be on the sidelines then to have skin in the game. I have no idea how high the price of Bitcoin can go, whether it will drop first or when we will eventually see new highs, but I know that current market conditions make further price action "up and to the right" almost inevitable with time. Zooming out and looking at the macro economic environment, it is hard to imagine that patient investors will be punished. Buy and wait.There is a grand awakening happening. It will continue to progress slowly, but more and more people are realizing that the system is broken and that the bubble will eventually pop.“Bitcoin isn't the bubble, it is the needle.”In This Issue:Bitcoin Is The NeedleBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsHigh Gas Fees Are A Growing PainHacker(s) Promotes Bitcoin To 73 Million FollowersMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO