Bearish catalysts have all but evaporated ....

2021년 11월 22일

With Fed. Chair Jerome Powell being confirmed once again, its all but confirmed that the rampant money printing and destabilization of the dollar will also continue. As inflation continues to become more and more unmanageable, people will continue to pile into fixed supply assets that will historically beat inflation. SPX continues to show how overheated equities have become. As of right now, interest rates will continue to be manipulated as low as possible, the fear/uncertainty of the Fed chair being replaced is now gone and so it is within reason to expect the equites market to go on a rocket ship directly to the moon leaving BTC behind temporarily.... However BTC typically does not follow far behind when that momentum takes off.