Economic experts such as George Gammon and Raoul Pal predict economic hardship in 2024, even worse than now. The existing system of fiat currency and central banks is enslavement disguised as a free market. Below are articles examining the gold and crypto markets. Bull runs are predicted for Bitcoin and Ethereum, and gold is a reliable safe haven asset.
Kitco News- The yield curve is signaling a ‘black swan’ event in 2024, this is what it could be – George Gammon:
“The inversion of the yield curve has “incredible” predictive powers, and it is now telling investors that a global financial crisis 2.0 could hit the world economy in 2024, said George Gammon, an investor, macroeconomics expert, and host of the Rebel Capitalist Show.
“A yield curve inversion happens when long-term bonds have a lower yield than short-term bonds. It is viewed as a reliable indicator that an economy could be heading for recession.
“”If you go back to the 1950s, you see that the inversion of the yield curve has incredible accuracy as far as its predictive power,” Gammon told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. “We have never had a recession without an inversion of the curve. So if you look at any other economic indicator, there’s none that are close to as accurate as the inversion of the curve.””
“…according to Gammon, this yield curve inversion is the key sign that a “black swan” event is coming because it points to what financial insiders are doing behind the scenes. “These financial insiders that control billions, if not trillions of dollars, have insider information, and it’s not illegal insider information, but they have access to details that we don’t have,” Gammon noted.
“When those financial insiders, or as Gammon described it — “a global intel syndicate,” get a signal that something could be going off the rails, they buy the long end of the curve — the 10-year Treasuries and the 30-year Treasuries.””
“The macro expert also broke down his portfolio allocation given these risks. “I always have 10% in gold. [Whether it’s] recession, economic boom, inverted yield curve, it doesn’t matter. I have that 10% gold for insurance. And it goes back to having purchasing power outside the system as well,” Gammon said.”
The Daily HODL- Trader Who Called 2021 Bitcoin Collapse Predicts Meteoric BTC Rally, Says To Expect the Unexpected:
“A crypto strategist who nailed Bitcoin’s (BTC) May 2021 meltdown is unveiling his massive long-term target for the flagship digital asset.
“Pseudonymous analyst Dave the Wave tells his 140,000 followers on the social media platform X that Bitcoin appears to be in the midst of forming an immense inverse head and shoulders pattern on the monthly chart.
“According to a chart shared by the analyst, he expects Bitcoin to break out of the bullish pattern sometime in 2025 en route to its target above $370,000.”
“Looking at Dave the Wave’s chart, he appears to predict that BTC will revisit its all-time high at around $69,000 sometime next year before a deep corrective move below $50,000 to form the right shoulder of the pattern. The chart also shows that Bitcoin would go on a roaring two-year bull market after forming the base of the right shoulder.
“Dave the Wave is also weighing in on the possible impact of Bitcoin’s upcoming halving, which is slated for April 2024. According to the analyst, he believes that the halving will serve as a catalyst that could push Bitcoin to its all-time highs next year.”
The Daily HODL- Altcoins on Verge of Witnessing Breakouts Across the Board, According to Analyst Michaël van de Poppe:
“A widely followed cryptocurrency analyst believes that altcoins could defy expectations and rally ahead of the Bitcoin (BTC) halving.
“Crypto trader Michaël van de Poppe tells his 666,400 followers on the social media platform X that he’s looking at the Bitcoin dominance (BTC.D) chart, which tracks how much of the crypto total market cap belongs to BTC.
“According to the analyst, the Bitcoin dominance chart could repeat its late 2019 to mid-2020 market structure when it respected the 200-week exponential moving average (EMA) as resistance.
“Generally, traders see a bearish BTC.D chart as a positive sign for altcoins as it suggests that alts may rise faster in value than BTC.”
CoinTelegraph- Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs:
“The potential of a spot Bitcoin exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research.
“In a Sept. 5 market report, K33 senior analyst Vetle Lunde and vice president Anders Helseth said the last three months had greatly improved the chances of a spot Bitcoin ETF approval but that sentiment had not been reflected in the price of Bitcoin or other mainstay crypto assets.
“The analysts explained while Bitcoin had all but given up its gains in the wake of Grayscale’s legal victory over the Securities and Exchange Commission, an approval would “attract enormous inflows” and significantly increase buying pressure for Bitcoin.”
“Lunde and Helseth added that given the increased likelihood of spot ETF approvals — with several Bloomberg analysts now predicting a 75% chance of approval within the year — the market’s outlook on ETFs is fundamentally incorrect.
“I firmly believe the market is wrong. This is, by all accounts, a buyer’s market, and it’s reckless not to aggressively accumulate BTC at current levels.””
Decrypt.co- Grayscale Prods SEC to Approve Bitcoin Spot ETF After Court Victory:
“Lawyers representing crypto asset manager Grayscale Investments urged the Securities and Exchange Commission (SEC) to “expeditiously” approve a spot Bitcoin exchange-traded fund (ETF) in a letter sent to the federal agency Tuesday, continuing its victory march following Grayscale’s recent court win against the regulator.”
“Grayscale has argued that its proposed spot Bitcoin ETF should be approved because it would rely on the same market surveillance arrangement with the Chicago Mercantile Exchange (CME) that the SEC has deemed sufficient for Bitcoin futures ETFs. The appeals court agreed, ruling that the SEC never explained why the two arrangements were materially different.”
“A spot Bitcoin ETF would give mainstream investors exposure to Bitcoin without having to own the cryptocurrency directly. The SEC has denied all spot bitcoin ETFs applications, often citing potential market manipulation concerns.”
CoinTelegraph- VanEck, ARK filings officially start clock for spot Ethereum ETFs: Analyst:
“The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange, which will “ultimately start the clock” for a Securities and Exchange Commission decision.
“On Sept. 6, the CBOE filed two 19b-4 applications to the United States securities regulator, requesting for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE’s BZX Exchange.
“In a series of tweets, Bloomberg ETF analyst James Seyffart noted that as opposed to the previously submitted S-1 filings, the 19b-4 filings mean that the countdown for a decision by the SEC is now in motion.
““The Spot #Ethereum ETF Race is officially on,” Seyffart declared, estimating a final deadline around May 23, 2024.”
The Daily HODL- $4,500,000,000,000 Asset Manager Says Ethereum (ETH) Is Currently Undervalued – Here’s Why:
“The crypto-focused subsidiary of investing giant Fidelity Investments says Ethereum (ETH) is currently trading at a discount.
“In a new report titled ‘Ethereum Investment Thesis’, Fidelity Digital Assets says that at the current Ethereum supply of around 120 million and annualized network fees of over $6.8 billion, the modeled price of ETH when a discounted cash flow model is applied is around $2,090 – around 28% above the current price.”
“The asset manager says that Ethereum’s value is correlated to network activity and by extension the fees generated, a figure that Fidelity expects to grow by double digits over the next seven years and hit over $20 billion in 2030.”
BitcoinMagazine.com- BITCOIN PRICE UP 365,999% SINCE ECONOMIST PAUL KRUGMAN DISMISSED IT AT $7:
“Twelve years ago, economist and Nobel laureate Paul Krugman first addressed Bitcoin and his opinion was skeptical to say the least.
“In that now-famous article, penned for The New York Times on September 7, 2011, Krugman criticized and dismissed the cryptocurrency, which was then trading at an average of $7.03 per Bitcoin across exchanges.
“Fast forward to today, and Bitcoin’s remarkable journey has proven Krugman’s skepticism to be one of the most costly missed opportunities in financial history, as demonstrated by the reaction to an X post today by Bitcoin Historian Pete Rizzo.”
The Daily HODL- Crypto One of the Only Ways out of Collapsing American Dream, Says Macro Investor Raoul Pal:
“Former Goldman Sachs executive Raoul Pal thinks investing in crypto and tech is the only way to prepare for the “death of the American dream.”
“Pal tells his 997,300 followers on the social media platform X that real wages in the US haven’t risen from the level they were at in 1965.
“Real wages, also known as adjusted wages, factor in the inflation rate at the time.
““It’s an endless hamster wheel of despair…” “
The longtime crypto bull also notes that asset prices and debt have continued to rise in the US, while life expectancy has dropped.
“Pal argues that the 2024 presidential election will only deepen the country’s societal issues, especially with “deep fakes and AI misinformation” thrown into the mix.”
“2024 is a year where the Fed will print more money and the government will hand out more stimulus to bribe the voters, which leads to yet more printing down the line and the people will get poorer and poorer and poorer and despair will keep rising and rising and rising…
I know I go on and on (and on) about this but the only way out is to own the assets that rise in exactly this situation – crypto and technology. Everything else is a wealth trap.
It will make you FEEL more in control and more able to deal with what is happening.
Even if you can only afford a very small amount of these assets, it will make a difference. I see no other way. Choose wisely.”
