Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: pambeasely1 on March 23, 2022, 01:48:44 PM
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Unveils Market Forecast, Stocks and Crypto Assets Are in Midst of a ‘Melt-Up’: Billionaire Chamath Palihapitiya
Outlook of Billionaire Chamatiya Palihapitiya says that Investors have already gone through the worst-case outcomes of Russia’s invasion of Ukraine. He says that we are in the midst of a melt-up, in the next month or month and a half, there may be a hope of price increase in the market. The news won't affect the market. Good news and bad news can be progressed equally, whereas uncertainty of the news is despised.
The two uncertainties we have come out with are, the first one was the Ukraine and Russia surface area deal which was really constructive, and the other one was Jerome Powell and Federal Reserve. They finally had the meeting and raised 25 points and importantly they gave a very prospective forecast for the next future years.
People realized that even after the inflation, the market still stands strong with the support of 2% to 2.5% interest rates and can still grow well. The result of uncertainty loss was the only reaction that we have seen from the past few days.
“A rapid increase in the war dragging on the future investments, and drastic increase in the intensity of war are the events with low probability. But we currently have really constructive dynamics for at least next month and a half or even more than 2 months.”
Palihapitiya states that markets are further positioned to rise whereas the retail investors sold off at the start of March which may further play the calculations of the rising market.
Retail investments are not really a good sign, the opposite of retail concepts prompts earning. the market got punched in the face where a day beginner in retail was a net buyer. Finally, the retail market surrendered at the beginning of “March” and that was the moment to buy according to Palihapitiya.
Surprisingly the market received from that point due to the end of Q1. There was a huge tax bill pending on April 15th and people started giving up. We can make money by doing exactly the opposite of what the retail market does and with access to proper information. We may probably be up here after….