Hello Crypto Friends! 👋
Hope you’re all set for another exciting week in the crypto world. Let’s dive right into the potential game-changer we’re all keeping an eye on – the Bitcoin and Ethereum Spot ETFs. While the SEC hasn’t set a date for a decision, there’s a buzz that 2024 could be our year. Imagine the possibilities: an approval could skyrocket BTC and ETH prices, while a rejection might send us on a downhill ride. As the last weeks, I continue to stay bullish!
📊 Nonfarm Payrolls and Economic Tightrope
Mark your calendars for December 8, 2023, folks! The Nonfarm Payrolls report is about to drop, and it’s a big deal for us. A strong report? We might see interest rates climb, putting a damper on our beloved cryptos. On the flip side, a weaker report could mean lower rates and happier days for our digital assets. But, let’s not get too carried away dreaming of a ‘soft landing’ in the economy – I’m a tad skeptical about avoiding a recession without a few bumps.
💹 US Inflation Expectations: The Crystal Ball Report
Also happening on December 8 (busy day, right?), is the US preliminary inflation expectations report. This one’s a real crystal ball, folks. High inflation expectations could push interest rates up, and you know what that means for our crypto market. But if the forecast is lower, we might just see a bit of relief. This report is like the mood ring of the economy, based on what everyday folks think about inflation in the next 6 to 12 months. Let’s keep our fingers crossed for some good news!
🚀 14-Day Crypto Investor Bootcamp: Your Launchpad to Investing
And for those of you new to this wild world of cryptocurrency, I’ve got just the thing – the “14-Day Crypto Investor” Bootcamp will be announced this week. It’s your golden ticket to learn the ins and outs of crypto investing, without the usual risks.
The focus? Building a low-risk, diverse portfolio.
The best part? It’s all online, so you can join from anywhere. Perfect for beginners ready to dive into the deep end of crypto investing.
That’s all for this week! Stay tuned, stay informed, and as always, let’s navigate these crypto waters together.