Hey Crypto Bros,

Bloomberg Intelligence released their Short Term, Mid Term and Long Term view on Crypto this week. Normally a new report is nothing to sniff at as, everyone has an opinion but when Bloomberg speaks I listen. They are known for their Independent Perspective and Research. They are basically paid to be really smart and have an opinion. In the report they talk about The Current State of Crypto, The Fallout from FTX, How the S.E.C. Cost U.S. Investors Billions by not having an Spot Bitcoin ETF and what to look for next year in Digital Assets.

For those who are reading this right now ready to Tweet me “Crypto is a Scam!!!” let me stop you right there. If it was a scam, these people would know. They are paid to know and they have no financial incentive to say otherwise. So save that anger about your dad not loving you enough for someone else. You’ll notice Bloomberg doesn’t mention Dark Whales or “the idea of Bitcoin being to sow doubt in the system maaaan.” They have been following the Bitcoin space longer than I have and are way smarter than me. I’m simply sharing their opinion and hopefully we’ll both be richer on the other end.

In terms of alignment, I see the exact same things as Bloomberg Intelligence and believe that the mid-term outlook for all Risk Assets is pretty bleak. For those who have followed my Pod, you’ll know, the Federal Reserve in the U.S. has one single mandate right now: to make money more expensive. When that happens everything drops in value, including Stocks and Commodities. Your mortgage is more expensive, food is more expensive, gas is more expensive and people have less money to spend on everything and less money to invest for the long term. Bloomberg does see light at the end of the tunnel but it’s going to take a change in monetary policy to get there. When the Central Banks start to CUT Interest Rates, just watch what Bitcoin does. The question is, how low does it go between now and then.

Read the Bloomberg Intelligence Crypto report for yourself here!