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RE: The Transformation of 'Murica
I agree about a coming crisis, @preparedwombat. It will make 2008 look like a minor hiccup. What I hope is the crypto markets will decouple from traditional financial markets and will gain momentum while the traditional markets flounder. Traditionally, in times of extreme financial crisis, money has flooded into precious metals but maybe this time crypto will take its place.
The crypto and precious metals markets are both tiny compared to the equities and bond markets so both could be “safe haven alternatives” this time around. 😎
It’s worth remembering though that in the early stages of the crash a decade ago, even gold, silver, and mining stocks went down because investors were selling almost anything to raise cash to cover margin calls. And the derivatives markets have gotten even bigger than they were the last time around. We could be facing a perfect storm.
I'm really hoping people begin to see the crypto sector as that safe haven. This is really all we'd need to begin to tip the scales.
I think we're in for one h@ll of a wild ride. Happy Holidays to you and your family!