20181121-Bitcoin Ben-Big Picture, 3 confirmations


Bitcoin Ben (Big Picutre, 3 confirmations):

He confirmed with his 3 high-level contacts that it’s going to be very volatile across ALL markets including stock, bond, crypto…..  coming up.   


CBOE ETF and Bakkt will probably NOT be approved in Jan 2019.   More time is needed.  They are not even close to completion.


There is a war between the Trump administration and the FED and it’s going to get ugly!    The FED is going to raise the interests in Dec.    The increase in interest rates will flatten the yield curve where the 10 year treasury bond yield is very close to the 30 year treasury bond yield.   It’s moving towards the inverted yield curve (the short term interest rates are higher than long term interest rates).   Anytime that happens, the economy will take a nose dive! 

Once the FED raise the rate in Dec, it will take 3 weeks for the effect of the rate interest to kick in, then followed by freeze up of credit market in which the banks are not going to lend to each other.   When the banks start to fail, the crypto market will be our LEAST worry.


Trump wants to take out the FED, IMF, and BIS (Bank of International Settlements).  This kind of battle might lead to world war.


Due to all these factors, Ben doesn’t see the crypto market goes up before Jan 2019.


We will start to see major crypto market and advertising campaign in Jan 2019.  Rumor has it that DASH might be advertising in Super Bowl. 


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