The Crypto Panic - Teeka Tiwari's Warning

We have just been through a crypto-selling panic when we have seen the price of crypto drop to levels we have not seen in years. With the soon-to-be-released upgrade in Ethereum, it will cause a buying panic, in which the demand will significantly outpace the supply, causing the price to skyrocket. If you are a trader or a cryptocurrency enthusiast, ensure you are adequately prepared and educated on the coming crypto buying panic. Hence, you make the right investment choices during this historic time.

Tiwari, in his report, referenced blockchain expert Adam Cochran who said the event “could prove to be the largest economic shift in society,” who, at the time, was referring to Ethereum 2.0. Many trusted and followed people in the crypto space are rumored to be on board with this Proof-of-Stake concept for verifying transactions, including Marc Andreessen, the Winklevoss twins, and Marc Cuban.

Since the first of the year, the world has seen volatility like a roller coaster ride to the point we don't have a lot of confidence in what is around the corner. We have dealt with the shocking Ukraine invasion, which interrupted much of the world's economy; there has been record-setting inflation, and in the US, the Fed raised interest rates yet again. This doesn't feel like a typical bear market; it feels worse as so many economic indicators are negative. The 2022 performance of growth stocks, value stocks, and most of the crypto market has been beaten up. At times like this, it's easy to put your head in the sand and ignore the markets altogether. However, it's also an opportunity for the biggest fortunes to be made.

Some or all of the above could indicate the worldwide impact on cryptocurrency's price.

The Palm Beach Confidential is a paid subscriber financial newsletter edited by world-known crypto expert Teeka Tiwari and the Palm Beach Research Group.

Instead of trying to beat the crypto markets by analyzing price signals, which are never consistent in cryptocurrency, follow a trusted expert. Cryptocurrency traders took massive hits in 2022, trying to beat the cryptomarket by "buying the dip" when the dip kept getting lower.

Learn the importance of proper portfolio tracking to understand how much you have made with your investments.

Elon Musk is rumored to have added a considerable stake in Ethereum as Ethereum 2.0 is slated to be released on September 19th. This upgrade is also known as Eth2 and Serenity. This will not just make the blockchain more secure, but the biggest complaint has been the high fees, and energy consumption, which will be dramatically reduced. This upgrade, which Musk has deemed a game-changer, will allow a much-needed shift from the energy-hungry proof-of-work (POW) we currently have to the greener, energy-efficient proof-of-stake mechanism (POS).