TREMENDOUS OPPORTUNITY IN THE CRYPTOCURRENCY MARKET

If you are in a risk asset, you need to know what drives the market which is liquidity. Liquidity right now is controlled by the central banks around the world and they are at the behest of inflation. You need to understand macroeconomic data to be able to know where you are going as a space. I think there is a tremendous opportunity in the cryptocurrency market in the fact that it is still in its infancy, it is still unregulated and all that is still to come and it is going to propel it into the big league. There is going to be growing pain with that and we are seeing it throughout all of last year. We were are the behest of the external markets, and we are in very much correlation with the dollar and stock market.

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There will come a day that we break free from that and I think it's going to come with regulations because that is going to take the space from a one trillion dollar market cap into the tens of trillions of dollars. The FED was going to be tougher for longer but right now the FED is in a corner. What we have got now and what we have seen continue with hotter inflationary data. We have got the CIP data for this month and this is going to determine if you get a lower print, market will appreciate this and then you will get this readjusting of rates going up. If it comes out higher or hotter, then you will likely see a continuation in terms of implied rates.

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I think the FED is going to do 25 basis points but we have 30% of the market looking at 50 basis points in the March meeting. I know it seems boring but if you can understand the game of liquidity and macroeconomic slant that the cryptocurrency market has to endure, you will do very well. If liquidity is free-flowing, the market does well. We got a lot of unlocks this month in the crypto space. We have got the Shanghai upgrade set to take place this month which will unlock 16 million Ethereum. You have got a load of token unlocks from other tokens, it is going to be an interesting month. It will be a volatile one and it is a volatile one at this point of resistance that we are trying to pass through not just for Bitcoin but for altcoins as well.