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In this week’s Bitcoin.com News Week successful Review, 1 marketplace strategist issues a dire informing astir the U.S. system and a ample marketplace clang that could origin a “50 to 60 percent haircut” successful stocks. Further, the Russian authorities is reportedly making moves to make a planetary state cartel with Iran. These stories, arsenic good arsenic the latest Robert Kiyosaki marketplace predictions, and quality of a whale spending 10,000 bitcoins apt connected to the 2011 Mt Gox hack, are conscionable below.
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’
Following Jerome Powell’s hawkish commentary astatine the yearly Jackson Hole Economic Symposium, large banal indexes, cryptocurrencies, and precious metals slid importantly successful value. Over $240 cardinal was erased from the crypto marketplace and the Crypto Fear and Greed Index continues to descent lower, edging toward “extreme fear.” Furthermore, the main strategist astatine bubbatrading.com, Todd ‘Bubba’ Horwitz, explains that the Federal Reserve raising rates during a recession volition wreak havoc connected what’s near of America’s mediate class.
Robert Kiyosaki Says Real Estate, Stocks, Gold, Silver, Bitcoin Markets Are Crashing — ‘Millions Will Be Wiped Out’
The celebrated writer of the best-selling publication Rich Dad Poor Dad, Robert Kiyosaki, has warned that each markets are crashing, specifically naming existent estate, stocks, gold, silver, and bitcoin. Referencing his earlier prediction of a bigger clang than during the 2008 fiscal crisis, Kiyosaki said: “That clang is here. Millions volition beryllium wiped out.”
Report Claims Russia and Iran Plan to Establish a Global Gas Cartel, Moscow to Launch Its Own Precious Metals Exchange
Following Russian president Vladimir Putin’s statements astatine the extremity of June that indicated members of the BRICS nations person formalized plans to make a caller “international reserve currency,” Russia is reportedly gathering the foundations of a planetary state cartel with Iran. Financial writer and best-selling writer Simon Watkins claims the “alliance aims to power arsenic overmuch of the 2 cardinal elements successful the planetary proviso matrix arsenic possible.” At the aforesaid time, Russia intends to make a precious metals speech called the Moscow World Standard (MWS).
Whale Spends 10,000 BTC Worth $203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack
In 2 days’ time, bitcoin’s terms dropped to caller August lows arsenic it dipped beneath the $20K per portion portion for the archetypal clip since mid-July. During that time, 2 addresses created connected December 19, 2013, sent 10,000 bitcoin worthy $203 cardinal to chartless wallets aft sitting idle for adjacent to 9 years. Onchain information shows the 10,000 coins moved this week primitively came from the Mt Gox breach that occurred connected June 19, 2011.
What are your thoughts connected this week’s stories? Are the dire marketplace predictions accurate? Will crypto and different assets assistance the alleged mediate people to upwind the storm? Be definite to fto america cognize what you deliberation successful the comments conception below.
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