How Will Wider Economic Pressures Affect Bitcoin?

Hold onto your hat

Bitcoin is hovering around $28,000 at the start of this week—a slight rebound over the drops in the last couple of months.

But the coming pressure on consumers could have major impact on the price of this and other digital assets. Considering this a sector built on high risk, problems elsewhere could be painful.

What are some of the issues?

• The national debt has climbed to nearly unsustainable levels

• Student loan payments resume this month after a pause since 2020

• Consumer credit card debt has zoomed in 2023

Just three of the big ones.

The bottom line? Look for some tough sledding this fall.

Remember—don’t act emotionally, even when the market seems crazy.

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The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor and holds several cryptocurrencies. To purchase her books on Amazon, please click here.