CPI Numbers and What It Could Mean For Crypto
CPI Numbers and What It Could Mean For Crypto
It seems as of late the you really don't hear much about the SEC. Perhaps this is the start of them backing off from the backlash they got from the house and how everyone agreed they are doing nothing to help any sector in terms of protecting investors. To be honest people got real sick of it and to be honest I don't think anyone supports them at the moment.
This has seemed to help with the small welcoming bull run we are seeing and yes while some people may say it's not a bull run if you look back at the last 6 months we have gone from $16,000 BTC to now holding well above $27,000 BTC that's a rather large jump. However since March of this year we really haven't seen BTC do much of anything just some steady pinging between 30k and 27k.
CPI Numbers
CPI otherwise known as Consumer price index has a target of around 2% in which every country tries to target including the US. However this number has stayed high for a rather long time and is only now starting to fall down.
Coming in at still a whopping 4.9% might sound good to some but it's over double what it should be at.
The FED is already pushing some of the highest rate hikes we have seen in a very long time and bank after bank becoming insolvent. Consumer confidence in the USD and just in money in general is at an all time low.
While again it may not seem like it this is another repeat of 2008 but people are more hyper aware of it this time around. We see this with the press statements saying everything is all good while banks crash, get bought out and some how saying none of this is at the tax payers expense constantly (which it is big time)
It's also clear that faith in leaders and government at least here in the USA is at an all time low. This is showing increased pressure to get into other assets such as gold, silver and yes CRYPTO.
The Meme Coin
We can also see that the frenzy for dumping money randomly into countless junk projects is still a very real thing. I wrote a bit about this in one of my latest blog posts The State of Crypto and blockchain in which goes over the meme coin craze we are seeing again in particular with the new additions to the BTC chain.
This new run is showing once again clear examples of how scaling and high fees are the number one killer of bull runs that constantly repeats itself.
At the moment we are already just starting to touch upon those. We very well might see a bull run over this summer but I do also see it stagnating once again because of congestion on the blockchains.
Overall it does feel like there is renewed pressure on the upside of crypto and soon being the next three quarters of this year should be pretty loaded with new releases in the gaming world and other aspects of what will bring crypto into the next development age. You can almost look at the growth of crypto as the dot com run.
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Faith in governments and leadership is low in most countries not only on us, economic conditions getting worse day by day that will encourage the adoption of cryptocurrencies and decentralization
It seems to be a big trend lately and for good reason. These people suck lol
Crypto and perhaps some form of spendable gold/silver.
I dont think they stopping, indirectly from my understanding their target is to brake more companies to fight inflation, at least thats their narrative and with the traditional markets looking not so good I think they are close to that target but not done yet, a few more push and everything could start to unfold but that doesnt mean BTC will go under $15k, my first target is between $20 and $24 even if traditional markets fall, just my ignorant opinion on markets
I don't know why but these numbers highly affects the market, if the numbers are high, we can sense the market to go down, and if the numbers are low, we can expect the market to go up. Can't the market stay and don't move due to these numbers/reports?
:) No! You should understand what it means. From the average people point of view, this is one of the most important.
https://www.bls.gov/cpi/
If you dig into it just a little bit, you can see, it is a complete scam, fraud, stealing what they are actually doing.
Same in Europe, actually, I got a nice explanation from different sources couple of weeks ago.
If you check out the detailed CPI numbers, all around west (not only in US), you can see mostly the food prices are still up by 8-10%, meantime energy cost is down by 8-10% at least. (the example was about milk based products. basically they create the raw milk price based on a formula, what includes the consumer price in the shops... :) insanity and scam. So basically, if a big corp decides they rise their cheese price today, it will effect all other milk products price, as the raw milk price will automatically rise because of that.)
What happened, at some point the centralized, gov and banks backed big corps started to rise their prices, and they blamed for many things including energy prices. Well, energy prices are coming down, but they don't lower their product, consumer prices at all, they want to earn as much as they can, and nothing applies for them (definitely not basic morality). and of course, they do it with their buddies, who should regulate them. banks, corps, govs hand in hand. I don't know what it is more: corporate or gov communism and fascism. probably all together in a new mixture. or just simply a slave keeper maffia, what 'legalized' themselves.
"Perhaps this is the start of them backing off from the backlash they got from the house and how everyone agreed they are doing nothing to help any sector in terms of protecting investors.
The SEC has destroyed businesses (BlockFi) in the US and intimidated offshore sites to the point where it's generally decided that the United States and its citizens aren't worth dealing with.
Your overview is appreciated--even if I hardly understand a word of it. :)
The contant rollercoaster of expectations and market traps will continue. As long as nothing breaks we just keep moving forward.
https://fred.stlouisfed.org/graph/?g=LWuB
This graph is great.
Anyway, if anybody can explain, prove it to me, why don't they lower the food prices westwise, when energy prices are dropping (they mainly blamed for that), i would be glad.
the hole system is a scam, and they do whatever they want, not an explanation, I already know it. but still, it needs some thick skin on their face. and they do it hand in hand by 'regulators' (gov)...