I have provided periodic updates about WW3. I believe we are already in a world war, by definition a world war consists of multiple countries at war with one another. In the past 24 hours Israel has bombed attacked Syria, Iraq, Lebanon, Iran, and Palestine. There are concerns about a retaliatory attack against Israel soon, and I believe tensions are just going to keep escalating from here. The U.S. is getting dragged into this mess, and countries such as Russia are also loosely involved. I shared my analysis for the risk of a market crash after the Fed pivot, and I will start to enter shorts near the end of August as we approach a seasonally bearish September. I believe WW3 will play an important role in driving the stock market down, and I don’t think the crypto market is safe either. In fact there is a trend where countries like Russia are using crypto as a method of payment to avoid sanctions against their fiat currency. This increases the risk of the U.S. government criticizing crypto as a payment method used by “criminals.”
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