STABLE TRANSPIRACY THEORY
2023 will be a noteworthy year for cryptocurrency. This year's Devos, which took place in mid-January every year and always has a fresh theme, is going to be exciting. Similar to how global warming first became globalization, Crypto will likely be the main topic of conversation among bankers all across the world. The payment mechanism will be the main topic of conversation. When we talk about ACH transfers between banks or Swift international transfers, we should remember that these businesses used to be in the private sector and were subject to strict international government regulation.
Assets like stablecoins can now perform that role of transferring international payments in a more transparent, auditable, quick, and less expensive manner. At that event, we'll see Circle-like headlines and a lot of global government conversation about cryptocurrencies as they struggle to develop some sort of policy and regulation, with the stablecoin transparency act at the forefront of that struggle. This will happen after the midterm elections in the US, and in my opinion, the lawmaker will benefit the crypto policy.
I believe that the market's recent bounce is a hoax and that the Federal Reserve will continue to fight against inflation in the coming month. The Federal Reserve and its chairman in particular are not popular, but you must understand that you can satisfy everyone. The Federal Reserve is currently looking for some evidence that the rate of inflation increase is moderating. We now require that, but it is not yet available. People need to be aware of a market narrative regarding the methods used to collect CPI statistics. Housing makes up 40% of CPI data, but it moves very slowly; it will take 18 months for it to reach its full potential.
Because the US is starting to lessen its reliance on international suppliers and because it disagrees with the Chinese and cuts off their chips, inflation is a self-inflicted problem. Because that is the only investment that offers a free lunch, we can diversify our portfolios. Due to the constant changing of data, I believe pivoting is a part of the DNA of a successful business. You only need to look at what is happening every day to be able to make the best decisions. A lot is happening both domestically and globally. A good businessperson acquires information while remaining adaptable, uses that information to determine the easiest course of action. Simply put, you need to have faith in your judgment because when people don't, bad things happen.
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