The Jackson Cajole
3 min read

The Jackson Cajole

Cryptic ball: don't listen to it.

Bitcoin and ether are bouncing - slightly - while stocks kept falling. That's good news, even if not exactly stellar. More worryingly, this Monday US equities had their worse day since June. Reasons to worry or business as usual?

  • Firstly, it's interesting to see that last Friday's dump in the cryptoshere anticipated that crash in stonks. It amplifies the narrative that bitcoin, as a 24/7 global asset, is a new bellwether for investor sentiment.
  • Secondly, it's true that concerns about Europe's economy and the upcoming winter, given the current energy crisis, are mounting. But, as said earlier, I remain convinced these issues don't present a contagion risk for risk assets.
  • On the contrary, record-high inflation in the UK - with Citibank expecting it to hit 18% "in early 2023" - will surely remember people of how important it is to invest their savings instead of having them parked under the mattress.
  • Lastly, I'm inclined to believe Jerome Powell and his fellow central bankers will provide nuanced-enough statements this end of the week, during the Jackson Hole symposium, to allow the summer rally to continue. Let's hope I'm right!

Chart art: don't stay away from it.

Some say the trend is broken, but as long as we bounce from here everything is fine.

Three things: just web3 it.

Tweet tip: just do it.

Udi is right, you know.

Meme moment: just pay attention to it.

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of the guidance in the report will lead to any particular outcome or result.