ANY CRYPTOCURRENCY NEWS IS GOOD NEWS: DAVOS 2020

This week all the big boys are in Switzerland to talk about financial matters.
They called the event Davos.
It is the 50th World Economic Forum.
In a few words, this is one of the biggest networking event
of the CEO, Government officials, etc..

Today is the first day of the event and if you follow close
many already talked and even climate subject
brought light to save the planet. I take interst in
a conversation I watched of Ray Dalio.
It is important to know he is a billionaire.
His firm managed $160 billion of investors funds.
I must say his words are delicacy if you do not know
where he stands.

CASH IS TRASH

Deep inside I was laughing to hear him say that.
I kept on listening to his point where diversification
should be the way to go. That is correct knowing how cash
should be handle. He accentuated about owning gold.
Since ever gold is the de-facto store of value,
if you have the mean to do so, you should.
Medium of exchange, I am not sure I can compare gold
to crypto. Realistically gold is visible where #crypto
is invisible. Exchange any #crypto is done in minutes
compare to real gold. Clearly This is the guy
you want to run your portfolio. Good pitch!

I know #bitcoin will be mentioned right there.
I was not shocked to hear what he has to say.
Volatility and price swing push #btc away.
Since inception crypto kept growing.
Just because they mention #BTC, crypto is
a winner. I have to say Ray suggested it is NOT YET
the time to hold on to crypto.

(pixabay)

WHEN IS IT TIME?

This is where if you are reading through
the line, you must react to his words.
Somehow #BTC is holding to $8k+ daily
with a volume of $23 billions daily. This is
a drop for the world financial market. Somehow
#BTC is holding on its value.

The time is now to hold on to your crypto currency.
The rice and value are so low, you can amass as much
as possible. #btc is finite compare to gold. You can be anywhere
with your crypto to transact. I do agree cash is trash. Be in this crypto sphere
is an educated guess to adjust your portfolio and pick the battle you know you can win.
Are you holhing on some #BTC?
Are you holding on Gold?
You better be ready to invest and limit your cash reserve.
Understanding his point of view your stack of cash will go somewhere
liquid where you have access to it.
Crypto is pretty good in this manner.

I was semi- shocked when he mentions LIBRA
This is a no brainer knowing that he backed up stable coin.
Somehow he is stationing himself to reap a reward wherever
the financial market is heading.
Yes it is beneficial to listen what people like him are saying
and act swiftly.
One thing is sure, investors will dump cash in 2020.
I wish I can tell you where it will goes.
We have 11 months to react to the financial market.
#Crypto currency is here to stay.
Stay tuned!