I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,
- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits
I'm probably missing more narratives, but you get the idea.
hard to be optimistic these days when you can't see any light at the end of the tunnel, and all of these can only happen out of the inert kindness in people, especially the Russian-Ukrainian war.
And we all know not to trust that especially during tense situations lol. I say let's balance things out a little, be realistic as it is. There's much reason to be negative about the current situation of the whole planet but there's also many things to be happy about. Either we divert our efforts into actually being part of the change that will make the whole world a better place, or we lie in our dorito-crusted seats and watch as the rest of the planet burns to the ground. Either way we have a choice to make.
In an investment perspective, being a pleb who's easily tricked by my own emotions, it's harder to try not to be bullish over this small surge in the market because we know interest rates are going to be "higher for longer", everything will still continue to tighten, and that we haven't seen its full effect in the legacy markets and in the cryptocurrency markets. We also haven't seen the actual goal of the tightening - Mass lay-offs, business closures, and an economic crash/recession.
I'm not sure who's lying. Are the bearish fundamentals lying, or are the bullish markets? Where are we currently in the Economic Cycle?