BITCOIN 2023: When To Buy?
Hello,Traders!
I'll just say that while this post is about BITCOIN what I say here applies to all assets Including stocks, real estate, bonds, precious metals. Many people are still expecting some sort of 2008 style crash of the markets because the economy is going from bad to worse. However, while we are already in the recession and the only person who refuses to see that is Jerome Powell of the FED, this has little to no influence on the modern markets which have been divorced from the real economy for quite some time. So once the FED pivots, and I am expecting this to happen no later than Mid 2023, this will tell the markets that we are again looking at the interest rates lowering cycle which will inevitably make the markets rally. And the rising tide lifts all boats so all the assets will start going up. Crypto, stocks, bonds, Gold. The only difference will be in the rate of return you can get. And clearly, the crypto market which is now the most depressed one will make the biggest gains. So If you don't have much capital, then buying stocks or gold will not make you rich. However, buying crypto, might do the trick!
So here is the trading plan for 2023: wait till the FED lowers rates for the first time then just buy the assets you can get your hands on and wait.
Happy New Year,
And see you in 2023!
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