BTC - This is exactly what you would have wanted
In terms of a Bitcoin playbook, this is exactly what you would have wanted
We have a ton of bullish factors all converging to make the bull case for bitcoin even clearer than it already was.
Well to us it was clear anyways.
With all the fears surrounding the containment (or lack there of) of the novel coronavirus, the markets are already starting to anticipate the FED stepping in.
As I type, the odds of a FED rate cut keep climbing and climbing and climbing.
In fact, they are indicating now that a rate cut is all but a certainty by the FED's next policy meeting, if not before.
Check it out:
(Source: https://moneymaven.io/mishtalk/economics/the-fed-will-cut-rates-on-march-18-xSLeogLowEG8Di4eFWGLSg)
This is all bullish for bitcoin...
Every time the FED does something to that creates more of an "easy money" environment, that's bullish for bitcoin.
Whether it be some form of QE, repo rescues, or interest rate cuts, they all mean one thing...
Bitcoin matters.
If central banks had monetary policies that actually valued their currency, bitcoin wouldn't matter nearly as much, but they don't.
At this point, easy money policies have become like a drug and the markets are addicted to them.
Without them, they feel they cannot survive.
And like any drug, as time goes on you need stronger and stronger doses to get the same effects.
The markets are about to get another heroin shot and bitcoin stands to benefit.
Eventually the whole thing will come crashing down and that is when bitcoin completely takes over, but I don't think we are there just yet.
This step by the FED is further proof that by holding bitcoin you are very likely on the winning side in the longer term...
The FED will never be able to raise interest rates any meaningful amount and will always be forced to inject the next round of QE if markets start to falter.
The dollar goes down, and bitcoin goes up.
This year was already going to be very bullish for bitcoin, and now the coronavirus likely makes it even more bullish.
Should be a fun 2020 for bitcoin bulls!
Stay informed my friends.
Image Source:
-Doc
As the financial system continues to wane, the urge to invest in alternative asset classes like cryptos and physical gold and silver is becoming more and more apparent.
Yep.
Foolish fiat money becoming worth less than monopoly game money...
It will take a while for that, perhaps a long while, but on a long enough timeline, sure!