Crystal balls, tea leaves and palm lines. Are these practices any more or less reliable than monetary policy? It often seems like Jerome Powell and his cronies at the Fed are just making it up as he goes, doesn’t it? The sad reality is monetary policy is reflectionary and often influenced more by election cycles than data. It examines events that have already occurred and then makes adjustments based on yesterday.

Crypto doesn’t exist in a vacuum. We often forget it isn’t an isolated market. Sometimes Eth is down because some old white man in Washington was grumpy and made a bad decision. As a crypto investor I find it important to separate overall market and economic conditions from web3 conditions. It is possible to be bullish on crypto as economic conditions are making crypto profits seem like a pipe dream.

So what does the economic data mean for crypto? … Continue readingAutumn Predictions