Ignoring the Economy

I think most crypto investors are making a mistake in ignoring the state of the wider economy. You probably should not be going all in on crypto in times of great uncertainty. The elephant in the room is the pandemic and its aftermath.

I occasionally watch other financial videos on YouTube which are suggested by the algorithm. Just today I watched a video by a real estate investor who is very fearful. He is afraid that the end of the eviction ban will put many properties on the market causing the housing market to crash as there will be an excess of properties with no buyers. My overall impression is that the recovery from the pandemic is not going smoothly as people are reluctant to go back to work.

If there is a recession I think crypto will crash creating a great opportunity to buy a dip assuming you did not spend all your pandemic savings during the bull run. In other words, ignoring the wider economy could prove to be your mistake.