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CRYPTOS 2022: THE BEST CASE SCENARIO. The crypto sector is amply proving it’s not immune to market forces, geopolitical turmoil, and what Gerald Celente has dubbed “DragFlation.”
So what’s the best case scenario for the rest of 2022?
Let me lay it out by telling a bit of personal history. I’m old enough now to have lived through the oil embargo of ‘73, Jimmy Carter malaise, the recession of ‘81, stock market crash of ‘87 (I was in living in London at the time), the recession of ‘91-92, the “dot.com bust”, the Y2k scare, (which WAS a bust), the 2000 Election Drama (no, 2020 wasn’t a unique steal attempt, just more successful), 9/11 (which I still consider the most consequential historical tragedy of my lifetime), the 2007-10 subprime disaster (where I was way too late in hedging my already modest 401K savings), doomsday prepping c. 2013, the Trump wildcard, the Russian Collusion Gambit, Impeachment, COVID War, 2020 Election Fiasco J6, Impeachment, More COVID War, and Russia-Ukraine (or the Proxy NATO Gambit).
Whew.
Why mention all of it? Because in almost every case from 1982 on (the year I turned 18), I either floated through the times and crises not paying much attention, or, when I started to, made wrong or mediocre decisions.
Almost every time. For instance: I bought a condo in c.1988, right before the biggest local employer in my region initiated a major downsizing (they got bamboozled over a little operating system by Bill Gates, hint, hint).
The condo turned out to be a major overpriced investment.
In the latter 1990’s, I stockpiled some stuff away anticipating Y2K disruptions. This was despite the fact that I was working in IT at the time, and didn’t really see problems looming in the various software systems that my company used at the time.
So I had plenty of extra cans of Tuna and beans from that one.
I managed to make a good decision after 9/11, convincing my longtime lady love that we needed to buy a home instead of staying in our cheap rental.
As I said, I timed my 401K wrong in 2007. I didn’t see Obama coming. I was late to admit how disgustingly stupid George W. could be.
In 2013, I could’ve been placing bets on bitcoin. Instead I was putting “Emergency Essential” containers of rice and lentils in the basement. If I had spent on bitcoin (and a little later, Ethereum) what I spent on long-term storage dry goods, you would never know me from this magazine. I would’ve been long gone to Alaska perhaps, a happy, filthy rich recluse…
In 2017, I was ready to plunge into cryptos. My lady love wasn’t.
Thankfully, she did see the value in getting some home protection, and making some other okay moves. Nothing spectacular.
Even before COVID hit in early 2020, I had been trying to convince m’lady that we should flee New York for ideologically greener pastures. But staying close to family won out.
The point of all this is that, despite making bad and so-so decisions in the face of almost every adverse event over the past 30 years, I consider myself quite blessed.
I live in a comfortable though modest home, in a nice town where plenty of people would be happy to live.
I raised great children, have preps in the house, some home protection, great family, and good neighbors.
I have my share of health problems, but I’m hardly uniquely disadvantaged in that regard.
I’m blessed recently to be able to know Gerald Celente, and contribute some to this important and wonderful magazine.
Lesson: You don’t need to make amazing decisions, to do pretty well in the grand scheme of this thing called life. You just need to not make disastrous ones. Mistakes happen. Most lives are chock full of them.
What does all this mean for the “Crypto Best Case Scenario for 2022”? It means I am not about to present any miracles of forecasting. What I am going to do is just point out a few “Captain Obvious” things that may help in avoiding disastrous moves.
- If you own cryptos, right now is probably NOT a great time to sell. The sector is down, but so is everything else.
- If you don’t own cryptos, why not? The sector is down. Buy low is Captain Obvious 101
- By all means, prep away. But don’t be crazy. It may be the end of the world as we know it and WWIII. But under most other scenarios, making a few wise, more mundane investments will probably pay off better (remember my dry goods c. 2013)
- If Republicans do well in the fall of 2022, and there is compromise in the Russia-Ukraine conflict, even Joe Biden may not be able to screw up a rebound
- If Ron DeSantis is on the presidential ticket in 2024, the situation for America might just be better than a lot of people are feeling right now. The Presidency still matters, after all (as Biden proves in a bad way almost every day).
None of this should be taken as financial advice. The Trends Journal doesn’t do that. Myself, I own small portions of several cryptos including the really obvious ones. And that’s about it.
I personally believe the crypto sector has a chance to ride it out in 2022, to a good finish. And 2024 will tell a lot more not only about the crypto sector, but about the economy in general, the country, and the world.
Of course, TJ provides our readers with plenty of analysis on the worst case side of every aspect of the national and world economy and geopolitical situation. In that regard, I also found these recent stories to be interesting reads (see usawatchdog.com and creativedestructionmedia.com).
Captain Obvious forecast concluded, over and out. —JD