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In today’s video, the chief market strategist at InTheMoneyStocks.com Gareth Soloway updates about the struggling crypto markets including the impact of Fed raising rates on Bitcoin’s performance, chances of a complete wash out, rising inflation and money printing.
Gareth also predicts about further downside in the Bitcoin price resulting in an 80 to 85% decline in its value. Soloway understands that it’s easy for digital asset investors to get carried away, but he advises that protection is key, especially in a bear market like the one we’re in right now.
The current bear market, both in digital assets and equities, is a result of the Federal Reserve’s tightening policy which is reducing the money supply.
This won’t last long, with Soloway predicting that the money printers will be powered again next year as the economy starts going into recession.
Title: Pro Bitcoin Trader: Beware It Could Get Much Worse (Price Targets Revealed) Gareth Soloway
Channel: Crypto Crew University
Date: 26 th May, 2022
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#Bitcoin #Ethereum #WealthyValue
0:00 – Intro
1:34 – AtlasVPN
2:28 – What is happening in the markets right now?
4:16 – What is Gareth Soloway’s outlook on Bitcoin’s market timeline over the years?
5:05 – What will be the impact of Fed raising rates on Bitcoin’s performance?
6:10 – What does Gareth Soloway think about Bitcoin bottom?
8:14 – What are Gareth’s words of wisdom for investors struggling in bear market?
👋 Hey, I’m Gio. I spend countless hours every day learning and watching videos about crypto and the world economy. I realized how difficult it is to find useful content in a sea of noise, so I teamed up with some skilled friends and started my own YouTube channel. Wealthy Value is a place where we share what we’re learning about crypto, finance, and value creation.
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