6.15 BTC Is A Generational Wealth
Opportunity or Scam?
The other day I read the following tweet:
When you receive this newsletter, Powell will be speaking to decide how much he will raise interest rates. For those of you who have been reading us for a long time, you will know that we have been saying for several months that inflation was not transitory and that there were three approaches by the FED:
Raise interest rates as never before and generate a recession.
Do nothing and wait for inflation to get out of control, as in Europe.
Continue to print and drive inflation out of control and increase the recession, but perhaps Powell would no longer be in power at that point.
Cleverly, the former has been decided. This decision has sent markets plunging more than 20% from highs and, in the case of cryptocurrencies, more than 70% from highs.
Many people are saying the Fed could raise rates by up to 100bps, which would be one of the biggest hikes in history. Regardless of what happens, the markets are discounting many prices, and just at this moment where the most read word in the media is "BREAKING", we should look back and see this situation as an opportunity and not as a catastrophe.
On the other hand, the crypto world is in extreme danger. A few weeks ago, Terra (LUNA) and its stablecoin UST went down. This week Celsius has restricted withdrawing BTC from its members. This is not far from what could happen to many governments if the situation worsens.
However, we at Asymmetric Finance believe there may be an asymmetric possibility. Perhaps the biggest opportunity since March 20 when Covid allowed assets to be bought 50% cheaper. This time it is in the crypto world.
Why do we believe this?
Seen that inflation is NOT transitory, and already Biden has announced that we are going to live with this inflation, we should buy real and scarce assets: Gold, Silver, Real Estate..., and Bitcoin. Historically it has been shown that in the medium term, the first three have performed terribly well, Bitcoin, we do not know what it will do, but it could be the same case.
In time (2-3 years), we will look back and see that the world is not really sinking as we all thought.
Failed investors fall into the same trap over and over again. They think that the recession they are living through is the worst in history, and this is not so.
Institutional and less failed investors know this, and what are they doing?