The market isn’t surging anytime soon — so get used to dark times

Global markets are going through a tough period — including the cryptocurrency market. But judging by talk from the peanut gallery, it seems like some observers haven’t received the memo.

“Feel like we’re relatively safe through mid-terms,” Twitter (NYSE:)’s “CryptoKaleo” — also known simply as “Kaleo” — wrote in a Sept. 12 tweet to his 535,000 followers, referring to the United State’s November mid-term elections. The prediction was accompanied by a chart indicating his belief that ‘s (BTC) price would surge to $34,000 — a 50% gain from its roughly $20,000 level as of last week — before the end of the year.

Total consumer debt held by Americans. Source: FRBNY Consumer Credit Panel/Equifax

Rudy Takala is the opinion editor at Cointelegraph. He formerly worked as an editor or reporter in newsrooms that include Fox News, The Hill and the Washington Examiner. He holds a master’s degree in political communication from American University in Washington, DC.

Continue Reading on Coin Telegraph

Source link