In the past six weeks, $1 trillion in cryptocurrency value has evaporated—yes, trillion

 When Will the Selling Stop?

We need to see capitulation. It’s the capitulation of people insistent on selling at any price. 

When they dump their mutual funds and ETFs and dogecoin at any price, when we see redemptions run amok, that’s when we’ll be near the bottom.

 After 40 years, interest rates are headed up, probably for the next two years, meaning bond prices are headed down. Stocks, for now, are headed down. Crypto is headed down, some to zero. There is no haven. 

 Andy Kessler WSJ 15 May 2022

https://www.wsj.com/articles/when-will-the-selling-stop-crypto-bitcoin-stocks-market-terra-hype-value-debt-11652624704


Stagflation Havens

John Authers Bloomberg 16 maj 2022


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