I seem to remember watching a Clif High video in which he predicted a major pullback, I think in September, then a run-up to new highs through the end of the year. I also think he said governments would try to work against crypto currencies but would fail. Clif has been pretty good with his predictions in the past.
RE: The Crypto Market is Bleeding – Here’s Why
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The Crypto Market is Bleeding – Here’s Why
Yeah, there are many who believe that September will be a game changer in one way or another. An impending global financial crisis a la 2008 does seem highly likely.
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If that comes, Cryptos should be a safe haven. It seems governments have become suddenly hostile toward coins and tokens which makes one wonder if the money flow into the space is hampering their efforts to manipulate fiat currencies. Venezuela is arresting miners and China wants people who held ICO's to give the money back? How does that work when they've been traded? Governments appear to be in a state of panic from their loss of control.
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I agree. That's not gonna work. I guess it demonstrates the governments lack of understanding of crypto space. That being said, many crypto experts believe that crypto will also take a hard hit from a general economic collapse. Personally, I'm not so sure about that.
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