I plan to share with you where we are ideal currently with the crypto market and also the bitcoin price and Ethereum, and likewise, although we’ll see a bounce, eventually jumps are unavoidable. Must we prepare for much more downwards stress and anxiety for Bitcoin and other Crypto coins throughout the remainder of this year? I would definitely believe so, obviously, It’s Jerome Powell from the Federal Reserve who has actually made it incredibly clear. They will certainly remain committed to raising the FED Interest Rate. The Federal Reserve just reported a 75 basis rate hike their most aggressive taking into consideration the 90s to the early 2000s. The speed of these rate hikes will remain on the inbound info and the developing expectation of the Inflation Report or CPI. From the point of view these days, either a 50 basis factor or a 75 basis point increase appears more than likely. These Rate Hikes can take up to 18 months to work their method through the economic environment. So that being said let’s get to the State of Crypto. I may be a little early but I am calling it the Start of Crypto Winter.
For Example, on Crypto.com, the Chief Executive Officer of the firm tweeted that they would lay off just over 200 employees which are around 5% of their staff. Every Crypto coin is down, Bitcoin is $20,235.40 and Ethereum is $1,078.83. As of right now, I am not averaging down. This may be the bottom I don’t know but I would for me at least I like to wait and see a Stock Market rebound before I go and start buying Crypto. In my opinion, whoever is saying it’s the time to buy Bitcoin or Ethereum may want to wait. We just do not know how low we can go and like I stated especially with the Stock Market being this volatile Crypto will continue to swing up and down also. I have heard of People stating that $14,000 is the low for Bitcoin and $500.00 for Ethereum. At those levels, I would more likely buy if I see a few days of the Stock Market not tanking day in and day out. OK, What do you think?