THREAD
1/10 🧵
As you know, Michael Burry recently sold 98% of his #investment portfolio. Remember that in 2008 he predicted the #collapse of the financial #markets. As always, he cites facts based on fundamental analytics. Will there be a big #crash?
1/10 🧵
As you know, Michael Burry recently sold 98% of his #investment portfolio. Remember that in 2008 he predicted the #collapse of the financial #markets. As always, he cites facts based on fundamental analytics. Will there be a big #crash?
2/10 🧵
1⃣ Elon Musk sold 75% of $BTC;
2⃣ Ray Dalio had taken a short for $10B;
3⃣ Ambiguous movement on the $MSTR #btc wallet and the subsequent resignation of Saylor from the post of CEO;
4⃣ Sales of #MTGox are scheduled for the end of this month.
And much more.
1⃣ Elon Musk sold 75% of $BTC;
2⃣ Ray Dalio had taken a short for $10B;
3⃣ Ambiguous movement on the $MSTR #btc wallet and the subsequent resignation of Saylor from the post of CEO;
4⃣ Sales of #MTGox are scheduled for the end of this month.
And much more.
3/10 🧵
#Bitcoin has become a clone of the S&P 500 Index, and all #altcoins follow $BTC, so it is essential to understand what is happening in the global #economy.
#Bitcoin has become a clone of the S&P 500 Index, and all #altcoins follow $BTC, so it is essential to understand what is happening in the global #economy.
4/10 🧵
The essential factor in the movement of the $SPX is the profitability of companies, which is affected by the availability of #money and consumers, i.e., the more consumers earn or take out #loans, the greater the profitability of companies and the #growth of the S&P 500.
The essential factor in the movement of the $SPX is the profitability of companies, which is affected by the availability of #money and consumers, i.e., the more consumers earn or take out #loans, the greater the profitability of companies and the #growth of the S&P 500.
5/10 🧵
Now the #market situation is much worse than in 2008. Even more, the #Fed inflated this #bubble, facilitated by #COVID19, the war in Ukraine, and many other factors.
Now the #market situation is much worse than in 2008. Even more, the #Fed inflated this #bubble, facilitated by #COVID19, the war in Ukraine, and many other factors.
6/10 🧵
So what is happening globally in the world right now?
1⃣ After #COVID19, more than $1T was printed and distributed to support #businesses and the public, which affected all US #StockMarket indices;
So what is happening globally in the world right now?
1⃣ After #COVID19, more than $1T was printed and distributed to support #businesses and the public, which affected all US #StockMarket indices;
7/10 🧵
2⃣ We got #inflation to peak at 9.10%;
3⃣ The #Fed raises the federal funds rate in meeting after meeting, which worsens the profitability of companies and the salaries of #workers who will not be able to #pay their #loans;
2⃣ We got #inflation to peak at 9.10%;
3⃣ The #Fed raises the federal funds rate in meeting after meeting, which worsens the profitability of companies and the salaries of #workers who will not be able to #pay their #loans;
8/10 🧵
4⃣ Top companies, $GOOGL, $MSFT, $TSLA, and $AMZN, are laying off employees and reorganizing in preparation for the worst, including top #crypto companies (except for #Binance, they decided to take advantage of the situation and hire fired brains).
4⃣ Top companies, $GOOGL, $MSFT, $TSLA, and $AMZN, are laying off employees and reorganizing in preparation for the worst, including top #crypto companies (except for #Binance, they decided to take advantage of the situation and hire fired brains).
9/10 🧵
Bottom line👇
I have bad news for you if you continue to think that #Bitcoin will be the exception in this #crisis and will be bought instead of #GOLD. You need to study and understand the mechanisms of the #market carefully.
Bottom line👇
I have bad news for you if you continue to think that #Bitcoin will be the exception in this #crisis and will be bought instead of #GOLD. You need to study and understand the mechanisms of the #market carefully.
10/10 🧵
Futures tie the price of #btc to the $SPX, and if everything goes badly in the #economy, then everything will go badly for $BTC.
Futures tie the price of #btc to the $SPX, and if everything goes badly in the #economy, then everything will go badly for $BTC.
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