Get Ready and Stay Ready!
Based on our research and advisory from some of the top market analysts, it is a very real possibility that the U.S. is currently in a recession and possibly only one event, tweet or report away from a severe stock market crash/correction (more than 30%). Could it happen as early as this month or September 2019? It is a very likely scenario. As a result, we could, in contrast, see a temporary massive surge in the price of Bitcoin and other cryptocurrencies. Bitcoin’s inverse correlation to the stock market has been well established and quite apparent. However, in a recession, the price of most assets will decrease/suffer temporarily. Research suggests there will be a flight to gold, silver bitcoin and cash.
According to many analysts, cryptocurrencies are a great long-term investment (1-5 years). But, we are mindful that more short-term fluctuations in the cryptocurrency markets, and a full-blown recession is in sight. This can be devastating If you have not prepared.
How to prepare?
If you have invested in cryptocurrencies, based on our research, you are well positioned for the anticipated, new financial system that is emerging. But, if you have not done some of the other necessary preparation, you may possibly need to rethink how your assets are positioned.
Are you recession-proof?
In a recession, there are a few things to possibly consider.
- According to most budgeting professionals, it is important to have at least 3-6 months of living expenses in cash (preferably physical cash)
- Hold physical gold and silver
- Have 3 months worth of food and water stored.
- Acquire tools and items (see checklist) that can protect you and your family in a downturn or collapse.
- Coins with high market cap and/or that have actual utility, based on some of the top analysts, present the “safest” opportunities in the cryptocurrency space. (see top-tier altcoins below)
Currently, according to our research, bitcoin is the preferred cryptocurrency of the wealthy. Grayscale Investments targets wealthy investors and is a good indicator of where smart money is going. Grayscale Investments Study Reveals More Than a Third of U.S. Investors Are Interested in Bitcoin
Grayscale’s heavy weighting in Top-Tier Altcoins
Grayscale Investments product offerings revolve around only a few coins. Bitcoin, Ethereum, Litecoin, Bitcoin Cash and XRP.
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In light of what could be coming over the next 12 months, it is imperative that you prepare, pray and prosper. However, everyone’s situation is different so make sure to draft your own plan of action. In any case, make smart decisions, be proactive and do your own research.