All Clear, Mate

It felt like yesterday was the end of the world for Bitcoin and most of the crypto market. BTC plummeted to $66,000, ETH lost a few hundred dollars within hours, and most of the crypto community (CT) turned bearish. And, once again, most of CT got the move wrong.

If you study the past, you'll notice that the crypto market often tanks before the FOMC meeting only to recover almost in a V-shape once the data is released. Fast forward to today, and we already have the data on CPI, which is currently at 3% for the US, lower than the 3.3% it was last month, and traditional markets are at all-time highs.

The S&P 500 is at an ATH, the Dow Jones is at an ATH, AAPL is doing the same, NVIDIA is also, and so on. Crypto is doing well now that the CPI data has been released, and we're now waiting for the FOMC meeting. My gut feeling tells me the Power (Fed) will stick with the same interest rate and nothing will change until after the elections.

There will be no soft landing for the economy, but until the elections and probably a few months afterward, it will all be bullish. Talking about the elections, it seems that Donald Trump is becoming more and more crypto-friendly.

In one of his latest posts, he announced that he encourages Bitcoin mining in the States so that CBDCs and the Russia-China alliance won't threaten the US's position as the mega financial giant. Knowing the influence Trump has on the masses, I believe we'll have a great remainder of the year for the markets.

We don't know when everything will top out. It's most certain that traditional markets will do that sooner than crypto will, but once everything becomes surreal, it'll be time to be cautious.

I don't believe in super cycles anymore, I don't believe we'll have a soft landing or that AI will magically fix all the problems in the world and the markets without a recession or probably even a depression. Everything is bubbled, in my opinion, from real estate to stocks, crypto, and even oil.

We're probably a few months to a year away from the blow-off top for the markets, and once that happens, cash will once again be king. But for now, only a fool would stay sidelined, and trust me when I say, there are plenty of fools sidelined at the moment.

Personally, I'll be sidelined and hedged with the HBD savings for about two to three years, but now isn't the moment for that. Many altcoins are still severely undervalued. Truth is, we now have many more coins in existence than we did back in 2021 or 2017, and some won't even reach their previous ATHs, but there's still plenty of money to be made in crypto.

Never in Bitcoin's history have we had a very influential presidential candidate for the US getting that hyped about Bitcoin. Definitely not the time to get bearish, in my opinion. However, most investors forget that during bear markets, there's no such thing as oversold, and during bull markets, the sky has no limits...

Taking profits all the way up is of utmost importance, in my opinion. The market sentiment never lies, and as a contrarian, I don't see any reason to be selling anything right now, but once every pleb tries to look like a smartass, it's once again time to get out of the markets – all markets.

We're undergoing the winner's curse in the markets, especially in real estate, where almost every dumbfuck is making money, and sooner than later, that one will crumble. Not before a blow-off top on all markets... Enjoy the ride, because it's going to be a fun one.

Thanks for your attention,
Adrian