I feel like I’ve been in a recession my entire life.
Can any of you relate?
2008, 2020, and now, what some experts are calling the “Crash of the century.”
Your only choices to survive are to:
Lose 15% per year from inflation if you keep cash
Lose 20% per year from stocks and bonds
Put a down payment on real estate at the height of the bubble about to pop and be underwater in 2023
Shit sucks.
Thankfully I do have a four-step plan on how I’ll ride out this recession.
1. Is now finally the time to buy crypto?
Let's just say that we're getting closer to a point of maximum financial opportunity than maximum financial risk.
As I wrote yesterday on Medium, in the short term, commodities like Bitcoin, gold, and land may crash because everyone will need cash to avoid getting liquidated — but they should respond well in the long term.
Personally speaking, I’m always buying. My timeframe is 9 years.
The one thing to note is that not many crytpo projects will survive the apocalypse that is coming. Off the top of my head I’m thinking:
Litecoin (We don’t need a digital silver)
Solana (The centralization keeps getting worse)
90% of NFT projects (Accessory investments get sold first)
I own a decent amount of Ethereum so my goal is to obtain 1 BTC by year’s end. I’d stick to these two projects if you want to play it safe.
2. Are we at the bottom yet?
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