At The Moment…

Remember when I argued, “As go the markets, so goes Bitcoin?”

The entire “crypto-guru-cabal” stated at every upswing via every media outlet, social and more, that was the the time (for the millionth) it was now on the right trajectory and the right circumstances (Fed, Ukraine, inflation ad infinitum) to hit their targets from $244,000 and $400,000+ to $1million+ in 2021 or by spring of 2022.

I’ve written, detailed it all here and on the show, precisely, why all of it was wrong.

Here are those “markets” and Bitcoin™ as of ~7:00am ET via the S&P 500™ futures. To wit:

The “markets”….

(Chart Source)

Bitcoin…

(Chart Source)

What more needs to be said.

© 2022 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.