2022-03-13 16:58:14
March is the time of Mars. Time of wars and conflicts.
Today 12 missiles hit Erbil, targets include U.S. consulate. The attack was carried out from the territory of Iran. I'm waiting for the official reaction of the authorities to this aggression. This adds even more tension to an already tense region.
The geopolitical situation is still complex and uncertain - at any moment, Russia's aggression against Ukraine may begin to escalate even more and China's aggression against Taiwan may begin. All this reminds me of the beginning of the 20th century, shortly before the Second World War.
In such difficult geopolitical conditions, gold usually shows stable growth. Stock markets, on the other hand, shows weakness. The same applies to the cryptocurrency market - bitcoin is considered a high-risk asset, and investors prefer to keep their savings in pounds sterling and the US dollar, but not in cryptocurrencies.
On the other hand, as we saw in the situation with Russia, international sanctions can trigger an increased demand for bitcoin. It can be assumed that with the further aggravation of the geopolitical situation in the world, bitcoin will no longer correlate with stock indices and will act as a kind of alternative to gold.
All things considered, I'm still waiting for BTC to drop to $32,000 - 28,000 where I will consider buying.
#gold #stock_markets #crypto_market
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