BTC just broke $30K
Unfortunately, the rest of the market isn’t doing so hot on the back of Fed Powell’s comments…
Still, the surge in crypto has been significant – perhaps artificially driven?
But, is this a bubble? Is it being driven by speculation, insane hopes and predictions, or even fears that the global economy is going to collapse?
In the meanwhile, we have reputable financial institutions moving into the sector to beef up Bitcoin. But does that mean we’ll see market stability?
The SEC’s offensive against other currencies (or securities – depending on how the courts rule) doesn’t seem to be driving investors out of BTC.
Perhaps no one particularly wants Bitcoin anymore – the media has turned against it because of the extreme energy usage, the government is highly suspicious, and ordinary traders have been burned.
But the value seems to persist.
Maybe there is something to it beyond just dreams and wishes?
Investors may also be looking for something of fundamental values as talk of a global economic recession increases.
The economy is looking shaky for the second half of this year, especially as inflation remains above the Fed’s target.
I wouldn’t count on more stimulus, but I would on more rate hikes!
The solutions, if any actually exist, certainly are not going to be coming from the “G”.
I’m not a crypto fan, I prefer to trade deliverables. If you’d like to learn more about how I’ve been able to do just that with a great deal of success, simply follow this LINK!
Author: Anthony Speciale
Anthony Speciale Jr. Born and raised into a blue collar family in the suburbs of Northern New Jersey, I have in recent years put down the wrenches I’ve been turning for the better part of my entire life and have become a professional energy trader. My mother was a nurse practitioner and my father was an auto mechanic. I had literally watched both of my parents work endless hours with their hands throughout their entire lives and after loosing my mother at a young age to cancer, I had decided I wanted a different future than the path I was currently on. At a young age I was a struggling student who didn’t excel very well academically and college wasn’t really in the cards for me, but I was always a disciplined worker. When I had put my mind to something, there was nothing that was going to stop me from reaching and exceeding my goals I had set for myself. So, as life had evolved, so did my desire for freedom. It was never much about the money for me, but it was about the success and the freedom that accompanied that success. Over a decade ago, I decided to specialize in just one sector of the market. I knew that I only needed to be proficient at just one area of the market to achieve the goal I had set forth. Trade passively while producing massively. Well, that’s exactly what I did. After several years of failed attempts, endless education, trial and error - I had finally yielded myself the success and freedom I was desiring. After making myself over $1,000,000.00 trading this very method, it was time to share my success with those who also desire the freedom I did. After a lot of work, time, effort and sacrifice - Big Energy Profits went from merely a concept into a very real reality.