Bitcoin Volatility Increasing As FOMC Meeting Looms

Bitcoin is still coorelating with stocks, which will likely continue until Bitcoin breaks out of this descending wedge:
 

This descending wedge has been going on since mid November.  It will break out, and decouple from stocks.  We just don’t know when.  Neutral ATM believes Bitcoin will see a slight dump below $35K after the FOMC meeting.  We shall see.
 

Just remember, long term view is what really matters.  See these two historical charts on the USD value vs Bitcoin value up to early 2020.  Today, the disparity is almost 10 times greater than early 2020:

Bottom line, when you hold Bitcoin long term.  Your purchasing power is going up 15 times, in some years 150 times, faster than the USD is losing value.  That is all anyone needs to know.  Bitcoin is beating inflation, and as long as inflation continues, as it has since 1913, Bitcoin will go up long term.  Due to it’s fixed supply at 21 million coins to ever be produced.  On this next chart, from Crypto Zombie, we have 3 different indexes showing a Bitcoin oversold low.  See below:  

 

In this next chart, also Crypto Zombie, we see this descending wedge has dumped 55%, same as the May – July descending wedge.  After Bitcoin broke out in August, it went on a 130% run:

58.1% of all Bitcoin holders own less than 0.001 Bitcoin in their wallet, ($39 USD).  There are now over 295 million Crypto owners globally.  See this chart on that, from Crypto Zombie.  Crypto Currency adoption has tripled since January 2021!

 

Since Bitcoin turned 13 years old on January 5, 2022.  Teenagers from now on will only know Bitcoin as the inflation hedge, and alternative to central bank fiat or digital currency, click here to view on twitter.
 

What will the zoomer generation do to Bitcoin and Crypto adoption?  We added central bank digital currency in addition to fiat currency, because China rolled out their digital currency in 2021, Europe is rolling out theirs later this year, and the Biden administration is expected to announce an executive order about Crypto Currencies very soon.  Likely this is regarding a US central bank digital currency.  It will link to the digital identification system, which the vaccine mandates rolled out to the vaccinated.  Is linking health information and vaccine status to your money, digitally, a good idea?  Catherine Austin Fitts (Global Macro Economist) does not think so and we agree, click here to view on twitter.

 

Now there was also an announcement that the IMF is urging El Salvador to remove Bitcoin as legal tender.  President Bukele laughed this off on twitter, yet this tweet is the funniest on that subject:

Another South American country (Argentina, or Paraguay?) is about to announce Bitcoin as legal tender as well.  Per Max Keiser, he could not divulge which country that would be.  We guessed above.  The point is, if the G20 countries are going to be moving to CBDC (central bank digital currency) in 2022, and simultaneously raising rates on US treasury bonds.  What does that mean to citizens of these G20 countries?  They are losing medical privacy rights, and many other types of privacy rights.  Central banks will be able to cut off access to money, if the citizen does not do exactly as they are told.  Where is the freedom in that?  Bitcoin is 100% decentralized from All central banks.  The supply is capped at 21 million coins.  3 million coins are lost, 1 million coins are the original coins ever produced and have never been sold, nor will they ever be sold.  That is scarcity!  It is fungible and with the advent of the lightening network transaction times are now done in seconds.  Neutral ATM is working to get open node set up in our ATM machines.  Hopefully, this year sometime.  After the FOMC meeting, whether Bitcoin dumps or not, it will be a good time, long term, to buy.  We think Bitcoin will dump to under $35K, possibly $33K, which is better than $38K now.  The announcement is 2:30 EST which is in a few hours.  This should set up the launch pad for Bitcoin going into the spring.  Hold it, you will be hedging inflation and if CBDC goes mainstream over the next year or so, Bitcoin will be the anecdote!  Keep your freedom, buy Bitcoin.
 

Neutral ATM is here to get everyone off of zero Bitcoin. 

 

Give Neutral ATM a try.  We have low rates, convenient locations and we are expanding. Contact Neutral ATM, we will answer all your questions about Bitcoin and using our ATM machines. Find a Neutral ATM Bitcoin machine location near you.