The million-dollar question is whether BITCOIN will crash by the end of the week. Not only is there the threat from Donald Trump to impose a 50% tariff on all of Europe, but there is also a smell of gunpowder in the Middle East, and the worst sign of all is the fall in the value of the dollar and the migration of capital towards BITCOIN and other safe-haven assets. If there is one thing the U.S. cannot afford, it is to lose the hegemony of the dollar. It has certainly lost influence, and China’s decision to continue refinancing U.S. debt by purchasing its bonds has come to an end. Now, the British have become the main holders of U.S. debt bonds.
The U.S. response has been brutal: a 50% tariff, even worse than the 114% on Chinese products. Markets are reacting downward. As always, BITCOIN lags behind, and the snake oil salesmen promise all-time highs for all ALTCOINs. Since it is not their money that is lost, they shout: "Buy, buy, buy before they run out!" like vendors at a bazaar. They are people who haven’t even taken the time to glance at a market economy book, yet they tell you what to do.
The only cryptocurrency that guarantees your money will multiply is BITCOIN; everything else is gambling. Some ALTCOINs bid more than others. There is much talk about ETHER, but MUBARAK, which is a memecoin, generated a hundred times more money than SOLANA. This is a circus.
Sorry, I digressed. I dissociate myself from the lie. No one here can predict the future, but how they try. The tariffs were implemented over the weekend, with no room for correction. The norm is a brutal decline; that’s what the laws of economics say: supply, demand, and fundamentals. There is a lot of noise. Prepare for the worst, hoping for the best. Most ALTCOINs have risen quite a bit compared to their brutal declines; many have recovered their January prices, and others are almost there. Don’t forget that the market is a carousel.
Dead cat bounces 🐱 are a reality in the market. It’s a trap 🪤.
Giorgio
