Market Update

The debt ceiling debate is raging. Podcasts and many long YouTube videos are being made about what is going to happen. Not to spoil the show but this debate happens all of the time. They will always revert to printing more currency and creating more and more inflation by doing so. BUT the market is swinging back and forth like it has no idea where it wants to go.

For me I am obviously not watching the soap opera. I am focused on the long term. Once again the Fed is NOT done printing. They need to print in perpetuity. This is just something the Fed does to try and trick the public that they need your approval to print more. After each debt ceiling rise in the past, the country’s debt continued to rise to all time highs. The more currency being printed, the more risk on assets will rise like Bitcoin and many others.

With that said lets see where whales bring the price of Bitcoin to. Nobody knows where the short term price is going. But we should definitely know what happens in the long run.

Stay tuned in case we drop to the $25k’s as I will see which coins have gotten smashed the most and will buy up some of them.