Quote from: o48o on December 03, 2022, 07:59:56 PM

Quote from: OgNasty on November 30, 2022, 02:48:52 PM

Elon has also been pretty vocal that he thinks we're headed into a dangerous recession. I think the yield curve would tend to agree with him. Crypto is going to have a difficult time over the next year as the Fed realizes that it's going to cause an economic collapse if it doesn't pivot and begin lowering rates. We've seen this all play out before. I think the Fed is hoping that inflation keeps assets high enough that we avoid cascading liquidations among the big firms, which would be the difference between now and 2008, but the Fed rarely ever gets it right. Cash will be King shortly I feel, but once this recession is digested I think we're all hoping for another bull run.

Yep, just like he didn't realize that BTC very much follows the stock markets. I think he is confused it with gold as that's the one that has negative correlation against stock market. But then again he talks what ever his fanbois want to hear so that he can enjoy the spotlight so he could be just out right lying.

Yes, he said what people most wanted to hear. Whether it's true or not doesn't matter, no one even knows if it's true or not. This is the result of market games. Its not something that can be decided by one person. If all the crypto big Vs say that the bull market is about to start, then the bull market will really start.

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