The crypto market may be facing a make or break moment in the short to mid-term, according to the YouTuber known as the Superman, who focuses on long-term investments in the crypto sector. Among the market issues contributing to this moment is the potential for a recession, which banks are warning of, and the Federal Reserve’s decision to maintain its monetary policy stance, which some see as a warning bell. The UK is launching a 50-year mortgage scheme, indicating concern about the property market crashing. Superman also predicts that high rates of inflation and commodity costs will likely hit the Federal Reserve’s monetary policy in September.
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The Make or Break Moment for the Crypto Market
Finding Long-Term Investments in a Harsh Bear Market
The Brutal Information: Jamie Dimon’s Warning
The Fed’s Restrictive Rates and the UK’s 50-Year Mortgage
The Importance of the PCE in Predicting Interest Rates
The crypto market is becoming more turbulent with the recent plunge of Bitcoin towards the 23 K zone, while Ethereum has been holding steady due to the hype around its upcoming triple halving. The market is in a make or break moment, especially with the looming threat of a harsh recession. However, this bear market presents an opportunity to invest in fundamentally impeccable cryptocurrencies at unprecedented low prices, which could potentially turn into future fortunes in multi-cycles.
Jamie Dimon, CEO of JP Morgan, recently warned that something worse than a recession is coming, with only a 10% chance of the economy avoiding a hard recession. His warning coincides with the Federal Reserve’s signaling of restrictive rates and the UK government granting a 50-year mortgage to help alleviate a housing market that is soon to crash.
The Personal Consumption Expenditures (PCE) index is a key factor to watch in predicting interest rate hikes, as it has a better data coverage than the Consumer Price Index (CPI). The latest PCE report is set to be released on August 26th, and the current report indicates skyrocketing costs in food, energy, and employment. This information, along with the potential for quantitative tightening and a September crash, makes it very unlikely that the US will avoid a recession.
In such a precarious market, it’s important to find long-term investments that can weather the storm. It’s a potential opportunity for the crypto market to come out strong in the long run, as investors look for stable alternatives to traditional investments that may suffer during a recession.
