I swear to God it’s like someone is trying to send a clear signal that being sovereign is not an option.
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My wife is starting to ask a lot of questions. “Is it worth it?” “Should we diversify?”
For the first time in years, i feel like I should diversify. Not now, but maybe back above $100k. I’m sure I’m not the only one that feels that way. Before all this I thought the next bull market would blow through $100k on its way to 200-300, but now I think we’re going to have to choke on supply from people who are nervous now but not willing to sell until they’re back in the money. Maybe a stall for 3-6 months at $100-130k.
This is the market the institutions get their allocation and it would not surprise me to learn decades from now that everything that happened this year was either state level attack or even at the level above the state (Blackrock et al).
This is the gauntlet we have to pass through to prove our steel. On the other side there is a flood of institutional money coming. Remember, wolfs can’t take down a whole herd of elk but they can spook a whole pack and watch to see who makes a mistake.