The market wants to eat you all up... ㅤ The U.S. debt ceili | Crypto | Bitcoin | Ethereum | Altcoin | News

The market wants to eat you all up...
ㅤ
The U.S. debt ceiling has been successfully raised until January 2025. Which means the DOF is turning on the pump that will suck liquidity out of the financial system.

The way it works is this:
Raising government debt = printing more bonds. Money from other markets will flow there, because U.S. bonds are the safest asset to save capital when things start to go awry in the world, hehe.

Last December 2021 national debt hike led to a collapse in the markets. Yes, the market was rising then, inflation, etc., but the principle is exactly the same. Plus the Fed keeps clearing the balance sheet and rates are high. That is, there is no positive right now except rising unemployment.

But it used to be so good (it wasn't).
The hamster thoughts that raising the ceiling, would lead to the legalization of crypto in Hong Kong - didn't come true. There has been no reaction.

What to do?
If you already have assets - don't sweat it, keep them for the long term. If you don't, buy only the fundamental mints. Also advise to do retrodrops while you have time and commission price is down to 20 gwei.

Gary Gensler has started to play his game seriously. This could be a narrative for a reversal. But as long as no one is scared of us yet, we need something more powerful than this circus :)

Do you think we'll see Bitcoin at $20,000 in the next month?

- No
- Yes

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