SHORT-TERM PRICE TURBULENCE
But even 20 to 30 thousand Bitcoin hitting the market and being sold could cause a lot of short-term price turbulence. Although not all the coins are going to hit the market at the same time. I'm worried about this massively, perhaps the story finally coming to the is going to be a good thing. People are going to get closure, and the FUD goes away after we take a potential short-term hit from those few of those sellers dumping their coins on the markets.
Inflation has been trending lower for months, that's a good thing even though it is still over 6%. What we need to see on the 14th is for inflation to drop again. If we had an unexpected spike in inflation in this month's Data, that is gonna be bad news bear for the markets. The market is expecting a 0.25% increase from the Federal Reserve. Potential two more hikes of the same size in April and in May after which many Pundits are expecting the federal reserve to stop. That is only if inflation keeps falling with some that rate could go up as high as 6% in other to try and tame inflation.
Silvergate bank collapse is a massive FUD story for cryptocurrency. If you have heard of Silvergate, it was a go-to bank for a lot of cryptocurrency exchanges and major market players. Anybody looking to on or off fiat currency, that was the bank to use. They were massively exposed to crypto to FTX and they got smashed bad when it went down. They lost about a billion dollars in the fourth quarter of 2022. You should know that the vast majority of the companies that had been using Silvergate have already cut ties with the company. The overall impact to crypto probably not going to be that severe unless all those companies are lying.