Daily commentary on Bitcoin and other markets' action.
Leave a comment if you're seeing something different or if you'd like me to take a look at anything in particular. Thanks!
Leave a comment if you're seeing something different or if you'd like me to take a look at anything in particular. Thanks!
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Starting to have major second thoughts on this being a bottoming area. The fact we keep trading with risk on assets is concerning. Legacy is in absolute freefall and I don't see that stopping any time soon. In fact, I think it will accelerate as the exponential cases of Covid-19 pop up in the U.S. I've said it for a while, and still think it, but I think the US is mostly UNDERPREPARED for this situation and it's still not fully priced in the markets. Be careful out there.
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I know a lot of people think it's a sensational media OVERHYPING it but the numbers coming out of infected regions in Europe are eye-popping right now. If we see a scenario where hospitals are too full and triage takes effect we very well could enter a depression