– a paper recession (neg GDP, but other things seeming “ok”)
– Low unemployment [hence the 3.0 version]
– High inflation
– Layoffs of high-priced workers
– housing prices not “crashing” but “softening”
What worries me is that this could last for a decade or more and mean the slow death of many a business, retirement, housing, or other investing dream.
What does this have to do with crypto? Well, it’s a vehicle that is unpredictable, and in that way, I’m still investing in it [DCA & wait and see].
What do you speculate might happen if we’re stuck in this middle ground of low growth/high inflation/decent employment?
Where do you see coins going?
Do you see a use case for crypto for good and for ill during these times?
Thanks for reading.
Hope you’re doing okay. <3
You might be witnessing the “soft landing” that every “expert” said couldn’t be done. Crypto will be just fine. Might take some time for a full blown recovery but there’s nothing that can or will stop that.
“Store of Values” typically do go up in value during high inflation/stagflations. Question is, does the rest of the world think of crypto as a “Store of Value”?
Please remember that unemployment benefits reporting do not reflect the actual unemployment rate in this country. I know of hundreds of people who have been laid off and their benefits ran out a long time ago who can’t find work. And don’t tell me they should just get a job flipping burgers, because trust me most tried and applied to literally everywhere and no one will hire a person knowing they are going to quit the first chance they get. Been there, done that.
All of the stats are only reflecting the data available, which is highly flawed.
I am optimistic for crypto, and have been holding everything I had since March of last year. Fingers crossed I made the right decision, time will tell.
Not worried at all about BTC and p2p/sov coins
Optimistic about ETH short term cause of the merge
Alts might not fare well but not selling as they are already over 90% down. But if we see a nice relief rally will consider converting more to BTC
Fair warning i could be bias but i see all of my coins going to 1million dollars a coin each
My best friend just got laid off yesterday in a high paying position
We are 3,000,000 jobs below pre-pandemic. Biden took over a closed economy. Literally the only metric to use is getting back to pre-pandemic levels.