Reality is creeping down to government's around the world. Do they have a plan? More than likely. Many Austrian economists believe this house of cards is coming down. Debt printing will never stop and this can only fuel inflation in one form or another. Sure governments can sweep this debt under the rug with 'twists' but the debt is still there and very much alive.
Crypto currencies seemed to take the newest 'stimi' checks as a sign that MOAR USD is coming into the hands; but then the USD DXY is still slowly rising. The 10 year Debt market is as well continuing to creep up without Yield control.
So which one is it? Are they going to inflate the debt away all the while giving out free 'debt' notes?
But Bear all these projects all these tokens they are going to the MOON! The MOON BEAR!
Yes yes I like many crypto-projects and their fundamentals. Many have a great future but again many things we rely on are built on top of a deck of cards. So many ICO's and shit-coins.
Look I'm optimistic about the future of this technology in general. What it is priced in is such a moving web that the only thing we can predict is what the technology will do; not what it will be priced in. I know everything is going to the moon with stimi checks coming in. I also know the government has many nefarious plans to deal with the rising debt and yields on interest that cannot be paid.
Some web-pundits believe that the FED will end up BUYING it all. Could the world be ok being Japanified under the USD? Or is the IMF going to have their SDR (special drawing rights) as the world's 'fiat' debt instrument. Well I think some of these answers will come in with the 10 year rising.. I have been posting a lot lately that the FED needs to control the 10 year yield or it all falls apart. Keep your eye on that indicator!