Macro Pressures, Micro Movements
Plus, a fascinating conversation about blockchain and Bollywood
Overall, the news is great about Bitcoin. It’s great about crypto too.
Plenty of innovation. Plenty of excitement. And plenty of adoption.
But still, none of it seems to matter much to investors. We’re stuck in the mud, and in most cases, trending to the downside. Everyone feels lukewarm, buyers have left, and traders are scared.
The news might be great, but few are buying.
Why?
I’m going to hazard a guess— the macro is the thing. Let’s take a look at global events right now. We all know things aren’t great.
China is locked down in many areas. Inflation is coming for all of us. War continues to rage in Ukraine. Commodity shortages are hitting Europe, with rationing in some countries. Political unrest flutters across everything. Wall Street is in sell mode.
It’s a tough world for investors.
And these are some of the reasons why we’re not seeing huge movements. The macro is too much. No one wants to stick out their neck.
So we wait. And wait some more.
Don’t worry—this cycle will end. They always do. The question is—when?
Plus…
JT and I welcomed the folks behind Xfinite to our Crypto Connection Twitter Space on Monday. The project hopes to bring decentralized entertainment to users, and is making waves in Bollywood.
Listen to the fascinating conversation by following the link in the tweet here:
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.