^{Friday Market Musings with @hetty-rowan}

^{Image created with Canva Pro}

Musing Time

Good morning on this Friday. It's time to take another look at the market. And now you don't need to think that I'm glued to my PC screen in these bear market weeks, on the contrary! As is the case with many people at the moment, my priorities are also somewhere completely different. My crypto earnings mainly go on autopilot ... and I can really only call that very nice in the times when many people have their priorities elsewhere.

Just make no mistake to think I'm not keeping track, because I do. I scroll through the latest news every day or every few days. And actually, I don't get very happy about that as of lately.

Nobody seems to counter the bad news

Did you also notice that the predictions are all bad, that nobody even seems to come up with a counterargument. It seems like the whole world is doomed, and crypto in particular. The fact that things are going badly with fiat currencies could be a sign for many people that it is now time to get into crypto. Get out of the ever-tightening grip that the government is trying to keep us in. Unfortunately, that thought is apparently an illusion.

Expected impending recession?

All right, let's take a look at the latest news. Everyone is full of the expected impending recession. This is not so strange that one would expect that. The fiat currencies have not been going well for a long time. Globally, there is massive inflation. The FED is raising interest rates at a rapid pace to keep inflation in the US a little under control. That doesn't seem to work yet, but the effect can be felt a little harder outside the US. Because the dollar is made so incredibly strong compared to other currencies such as the British Pound and the Euro, these two currencies collapse nicely. And that causes skyrocketing inflation in the United Kingdom and the Eurozone.

Why save crypto now if you can't buy a bread?

I can understand that people will do anything to survive in these expensive times. Even if that means selling their crypto. Because what good is saving the crypto for your old age if you now have to sit in the cold and can no longer buy bread? Fortunately, the temperatures are still quite nice for the time of year.

Strong dollar, interest raising

With interest rates raising, and the strong dollar at the moment, it also makes sense that Bitcoin is struggling to maintain its value. In addition, for the first time in years, interest rates on short-term US government bonds are currently higher than those on long-term US government bonds. This creates a high demand for long-term government bonds because people want to lock in the relatively high interest rates for the long term. It is a safe investment because the US government is guaranteed to pay this interest.

Trying to find POSITIVE news

Now that we've seen a bit of the negative of the market again, and hey… who am I kidding, we feel it daily in the portfolio and in the wallet. I'm going to try to see if I can find something positive despite all the negative vibes. Because nothing feels better than closing a blog on a positive note!

Interest in crypto from institutional investors is growing

And a piece of positive news is that even in this bear market, the major institutional investors still have a lot of interest in the crypto market. And even in this day and age this interest is rising. That is certainly positive, because for us small investors it means that there will certainly come a time when crypto suddenly flares up again.

Bicoin dominance growing

What CAN be positive, but not necessarily positive, is that Bitcoin's dominance is growing again. If the price follows the pattern of dominance, and therefore also goes up. Then this is a positive sign. Although it does mean that not much is happening for altcoins.

Soon USDT ATM's in Brazil

Another positive sound is that in Brazil no less than 24,000 ATM's will be available where you can get USD Tether. Yet another positive note is that no less than 59.4% of Bitcoin mining is currently done via green energy. Bitcoin is getting greener! Although, of course, consumption remains very high and that is a thing to take into account now that energy rationing is being discussed in various countries.

Extreme volatility expected in crypto, but that's what we were all here for from the start, right?

There may not be much positive in the market, but that doesn't make it all negative. The extreme volatility that is expected, and there are rumors that I don't even want to repeat, that volatility is what most people got into crypto for. And that volatility appears to be returning to the market in the very near term.

Bitcoin has been moving in an increasingly tight zone lately. The outbreak can be expected at any moment, and let's hope and make sure that this outbreak goes up! That would be a really positive, and very strong signal. Can I hope for that at this time?