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Now, this week, the crypto market is all abuzz as we may be on the precipice of the monumental launch of the Bitcoin ETFs.
The providers have all been scrambling to file last-minute updates, with Cathie Wood, BlackRock, and others reducing their fees right at the last minute, as the coin tucky derby is about to begin now. Cathie Wood and Ark Invest have just released their latest monthly market update. In this article, as always, we’ll be covering my three biggest takeaways for the month.
So, we have to burst what’s going on with this impending recession that we’ve all been hearing so much about? And is it enough to crash the crypto party? Then, how Bitcoin has evolved to become both a risk-on and risk-off asset, something no other asset has been able to achieve. And then, we’ll finish with the market indicators that suggest that the mega bull market of 2024 is about to kick off. Okay. So before we get to these bullish charts, what is going on with this big elephant in the room?
When Recession?
And so, we’ve been hearing a massive noise about this impending recession for quite some time. So what is going on? Here’s a chart: the yield curve, the 10-year Treasury minus the two-year, and I’m just going to add this line in myself on the zero. History has shown that whenever you get an inverted yield curve, this is an excellent predictor of an impending recession, as we see here, negative yield curve into recession, negative yield curve into recession, and so on, and so on.
This has been one of the worst negative yield curves for quite some time, which is why so many people are calling for a major recession. Then the next chart: the 10-year minus the three-month, and this time, it’s showing the consecutive days that have been inverted. And this time is going back all the way to 1965.
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