Will they make Bitcoin more efficient Digital Money? Clem Chambers
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According to Clem Chambers economic damage wrought by COVID-19 disruptions could take a year to “wash through,” so markets won’t return to bullish conditions until 2024. Chambers, is a prolific financial writer and investor with decades of experience. Before going further in this video make sure to hit the subscribe button for more updates about the crypto world. Cryptocurrencies tend to be volatile by nature, far more so compared to stocks. The intrinsic value of cryptocurrencies is a lot more challenging than calculating the worth of standard businesses because of an inadequate understanding of the area. For this reason, I believe it’s easier for organizations to build greed and fear in the marketplace. This drives down the price much more and will generate a much bigger decline compared to 20%, which provides companies with a much more than ideal time to purchase. The inflation issue isn’t Bitcoin’s only problem, though. Despite recent rallies in stocks and cryptocurrencies, the Federal Reserve’s quantitative tightening will continue and cause a retreat into “bearish” territory, said Chambers. Perpetual futures, native to the crypto market, are a solid gauge of investor confidence in Bitcoin. When the contract price is higher than the bitcoin spot price, long positions pay a fee to short positions. Every time the percent of Bitcoin supply in profit dropped below 50%, a bottom of the cycle was formed. We can say that for those who underestimated the risks of investing in cryptocurrency until recently, the collapse of crypto exchange FTX in late 2022 and its domino effect on other firms was a wake-up call. This happened in November 2022, when the supply in profit was as low as 45%. Despite recent rallies in stocks and cryptocurrencies, the Federal Reserve’s quantitative tightening will continue and cause a retreat into “bearish” territory, said Chambers. The S&P 500 is up 6.7 percent since January 1st. Cryptocurrencies have also gained over the same time period, with Bitcoin up 32 percent and Ether up 31 percent
Credit: Kitco NEWS
Fed won’t reverse tightening, what this means for stocks, Bitcoin – Clem Chambers
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