Why you should sell your crypto immediately

As we approach what could be a catastrophic recession in 2023, manufactured assets with no real value stand to get absolutely destroyed.

That’s how I look at cryptocurrencies as we approach what will be an extremely challenging economic time.

For younger people who didn’t live through the 2008 crash, it might be their first time experiencing a long-term, crushing recession.

Jerome Powell and his Federal Reserve colleagues are overwhelmingly determined to tame inflation, even if they need to burn down the economy to do so.

And burn it down they will!

You see, it takes some time for monetary policies to trickle down into all aspects of our lives.

While you may not be feeling the pain yet (though if you own a home or have a variable rate mortgage, you certainly are), the coming recession will touch you and everyone you know.

It’s impossible to predict exactly when we’ll feel maximum pain from the Fed’s actions, but if I were to hazard a guess, I would say next summer is going to feel very dark indeed.

Oh, and did I mention there’s a war going on, myriad supply chain problems, a coming energy crisis in Europe and a slowing Chinese economy?

When people start losing their jobs and their homes, you can bet they aren’t going to be holding onto algorithm-based boutique assets with no intrinsic value because they have funny pictures of a dog on…