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Crypto Currency: The FTX incident
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[Yawn]I’m pretty sure  currencies are about to crash the sto...

I’m pretty sure  currencies are about to crash the stock market. I could very easily be wrong but the market is in the process of de-hedging because of a rumored FED pivot due to inflation coming down. The $CBOE Volatility S&P 500 Index(.VIX.US)$ and the $VVIX Index(.VVIX.US)$ (volatility indexes) are breaking down into bullish falling wedges. The market just had two of the craziest gains since 2008.
Reason why I think we will crash. FTX is a major grypto player who is going bankrupt as we speak. There is news all over for this so I won’t elaborate there. What is important is that large hedge funds and banks have been pushing for grypto ETFs and the like so investors could diversify into grypto. These ETFs, hedge funds, and the like are all about to experience a massive drop in the value of these grypto currencies.
This is exactly like 2007-2008 where the bankers created a bunch of financial products based on mortgages (supposedly stable) and the riskiness of it all caused a major meltdown. the globe has already seen an evaporation of $32 trillion and I’m pretty sure we’re about to see several more go. $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$ $Invesco QQQ Trust(QQQ.US)$ $SPDR S&P 500 ETF(SPY.US)$ $AMC Entertainment(AMC.US)$ $GameStop(GME.US)$
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