In last month Crypto is growing very fast, nearly doubled the total market capitalisation reaching 164 B and growing. At the same time the Stock exchanges start to suffer some loses. There is probably a migration of money from a stock market to a Crypto market, which may represent a concern. One thing is a mass adoption and evolution of the development like more case of use, more regular people involved, etc.... but if a big part of new coming fiat into Crypto comes from professional speculators individuals or big institutions, that would represent a threat to me.
Source[google image search]
There are political interests for crashing Crypto. National economies and regulators together with banks are probably not very friendly to a mass adoption of the Crypto. Politics will of course help them to fight, legislation will not be very much in favour, at least not at the beginning. Once the Crypto really becomes popular politicians will start to support the Crypto because they will be afraid for their re-election. But we are still far away from that.
Economical interests. Every market can be manipulated, really every. You probably know what it means for Crypto. It would be interesting to see market shares, how much Crypto is owned by "regular people, small investors" and how much is owned by big institutions and individuals. The ratio is not in the favour of regular people (mass adoption) I am sure it is in favour of Institutions and big investors (with other words speculation). You see where I am pointing to. When they decide that they want to buy some more cheap Crypto, what they need to do is to squeeze regular people out of it, by crashing the market and then buying back. There are many options how to do it I guess. Hard forking until the trust is gone or big sells to lunch the panic sell...
Don't know what will happen. The potential for Crypto is great, the obstacles on the way to reach the mass adoption seem quite big too. (scalability, volatility, consumer protection, security, legislation). But the biggest issue in my view is the speculation and the lack of the real decentralisation. Wall street, where the evil is born will also try to mess up Crypto. For sure.
Tell me If you share the view with me. It's just my modest opinion, I might be wrong too. Agree or Disagree with me? Both welcome, just leave the comment.
The question of this post is: What will you do to protect yourself from a potential Crypto crash that might happen in Okt. Nov. Are you changing a part of Crypto portfolio to gold or any other investments? If yes how much?
Thanks for reading
I am and I always have an opinion and you will hear it no matter what or who you are :) and no matter if you like it or not!
Wish you all a good week