In my newsletter article last weekend to kick-off the Banana Zone portion of the Rocket Zone, I wrote: “I’d like to see a weekly close well below the top green line for confirmation, but this chart is eerily similar to 2017. If the dollar has peaked here and begins a steady move lower through 2025, that means increased global liquidity.”
As I sit here Friday morning one week later, take a look at the DXY chart:
That certainly looks like a breakdown in my view as we sit on the verge of a weekly close below support.
And I know the focus of all my blog posts and newsletters recently have been on Bitcoin and crypto. I explained why in The Bitcoin Blueprint.
“Bitcoin is akin to gold in the world of cryptocurrencies. If you understand the rationale for owning gold, as outlined in my book (Gen X & Millennials: Protect your Money and Prosper: Financial Advice the media won’t tell you), you’ll grasp why Bitcoin is essential.
It’s a response to the ongoing debasement of paper currencies. While gold has long served as a reliable store of value, its large market capitalization means it’s more about preserving rather than increasing wealth.
This is where Bitcoin shines.
Bitcoin is not yet as widely adopted as gold, and its market capitalization is significantly smaller.
As it becomes increasingly recognized as a store of value, even modest investments in Bitcoin could lead to substantial growth, outpacing gold.
This isn’t mere speculation; it’s an informed prediction based on the ongoing devaluation of traditional currencies. Bitcoin offers a low risk, high-reward opportunity – a rare combination in any investment landscape.”
But look at what gold has done since I wrote Gen X & Millennials: Protect your Money and Prosper in 2016:
In early 2016 I feverishly wrote that book so you could understand why you need to own Gold. And got it published on Amazon in early 2017. It was clear to me what was going on with monetary debasement and I felt it was necessary to tell everyone who would listen.
I still think you should own Gold. Go read this post on X and watch the YouTube Video linked in the last thread. You’ll understand what may be happening right before our eyes.
But once I learned about Bitcoin later in 2016, it became clear to me there was a way to increase purchasing power, not just maintain it. I tried hard through videos in 2019 to get folks to understand. And took it a step further by sharing exact date predictions in December 2023 and posting a free book on Bitcoin in early 2024. Forget the rise since 2019 just look at the rise since I first shared the date predictions in late 2023:
Monetary debasement is happening. The dollar looks to be breaking down. Your stocks may go up but there’s only two things I want to hold right now, Bitcoin and Gold.
Let’s zoom in on Bitcoin with a chart of Global Liquidity (disclosure this is a custom code I found online for liquidity so can’t verify its accuracy):
Bitcoin has been consolidating around the highs. Liquidity looks to have bottomed in January and the dollar looks to have peaked. Bitcoin usually lags liquidity but as I wrote last weekend, conditions are poised for a big move.
Go read my book on Gold. Go read my book on Bitcoin. Understand what’s happening and prepare yourself accordingly.
p.s. I’m working on a wallet regarding how crypto wallets work and a video showing you how to setup a Ledger and safely store your Bitcoin.
*Not financial advice, educational purposes only.