All Markets Will Crash on Valentine’s Day Fueled by High Impact News

After a decent rally in almost all markets, since the calendar flipped in January, a possible reversal is likely to take place across the board.

Robert Kiyosaki, the author of Rich Dad Poor Dad, has cautioned investors that an imminent crash will push markets lower during this year’s Valentine’s Day. Citing Stansberry Research, Kiyosaki noted that market equities, precious metals, and crypto assets led by Bitcoin will crash on February 14 as high-impact news including the Consumer Price Index (CPI). However, Kiyosaki indicated that investors should not panic, but instead purchase more precious metals and Bitcoin with inflationary fiat currencies.

“CRASH is here. Silicon Valley’s first dominos fall laying off 144,000 in 2022. 66,000 more in 2023. VALENTINES DAY MASSACRE predicted by Stansberry Research. Everything will crash including prices of gold, silver, and BC. Do not panic. Good news. I will buy more G,S, BC, real money w/ fake $,” Kiyosaki noted, speaking abiuttteh markets.

Notably, big tech corporations have been laying off including Yahoo which sent home about 20 per cent of its total employees. Crypto-related companies have also been affected by the market downturns, thus several layoffs including Coinbase Global Inc (NASDAQ: COIN).

Closer Look Global Markets

After a decent rally in almost all markets, since the calendar flipped in January, a possible reversal is likely to take place across the board. For instance, the Dow Jones and the S&P 500 Index have gained approximately 2.18 and 6.55 percent YTD respectively. As for Bitcoin price, the asset gained approximately 40 percent in January but has dropped about 8.3 percent in the past 14 days.

As the FOMO seems to be fading away, the global markets are likely to fall further as the fear of a possible recession intensifies. Furthermore, the Fed has continued tightening monetary policies to combat high inflation.

With the Russian-Ukraine war dividing the Kremlin and the west, oil, and gas prices are expected to continue rising in most nations that do not have local mines. For instance, the European Union is planning to ban imports of refined petroleum products from Russia, including diesel and jet fuel, after banning Russian crude oil in December.

With China reopening its international markets after Covid-related lockdowns in the last three years, analysts are confident the supply chain will stabilize in the coming quarters.

Bitcoin Price Action

Bitcoin price is glaring at possible further decline after the dreaded weekly death cross occurred during the weekend. Notably, the 50 and 200 WMA turned to resistant levels after a decade of playing a strong support line. A Bitcoin dip in the coming weeks will significantly similarly affect the altcoin market, thus causing a crypto capitulation.

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Steve Muchoki

Let’s talk crypto, Metaverse, NFTs, CeDeFi, and Stocks, and focus on multi-chain as the future of blockchain technology.
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