It's not looking fun for crypto owners like myself. But you know what, I'm still having fun, because I'm not a retard that used leverage or spent more money than I could afford. Caesars palace penthouse vegas trip is still on for next month baby!!!
But what's going on? Well a lot of things. First and foremost, crypto is still in its infancy and very linked to the stock market as a whole. So when stocks drop due to the economy being ruined by past presidents and the FED, well people need to cover their losses, and thus have to sell other assets, including crypto. So that's one thing.
Another thing, the brave FED (joke) is now trying to fight inflation by increasing interest rates, way to late. It's like putting a bandaid on cancer at this point - not going to really do much. But it is going to hurt the stock market and possibly crush housing...so yeah. Great job Yellen and Powell, you really did a great job.
Baby boomers should be applying to Wall Mart exit check positions right about now, as their retirement 401k's will probably not be looking to good in the near future.
I guess I'm supposed to say this or something (common sense):
NOTHING I say is financial advice. I am not qualified in anything. I just make videos n stuff when I'm slightly tipsy/bored about stuff I like. Do your own research frens.
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