Select Page

Doc's Daily Commentary and Watchlist

Mind Of Mav

The 3 Major Events That Will Impact Crypto In July

Bitcoin (BTC) rose to clip $20,000 for the first time in five days on July 4 as the Independence Day holiday brought some unexpected gains.

Some of the industry’s top analysts forecast positive signs for the Crypto market and for the whole industry. The crypto community is keeping an eye on three essential events this month that could have a significant impact on the crypto market and the wider US financial situation this year.

Let’s get into them now:

1. The Monthly Consumer Price Index (CPI)

A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households.

The next scheduled release of the CPI is expected on July 13, 2022, by the U.S. Bureau of Labor Statistics. According to Trading Economics, the inflation rate, or CPI, will be higher than May’s 8.6%.

Micahel van de Poppe, CEO and founder of crypto consultancy and educational platform EightGlobal, told his Twitter followers on July 4 to keep an eye out for the date.

“All eyes on CPI numbers on July 13th. If CPI comes in lower, that will be the catalyst for a dead cat bounce.”

Continued rising inflation could impact demand for cryptocurrencies, forcing consumers to spend more than they did previously.

2. Fed Interest Rate Hike

Interest rate hikes are one of the primary tools used by the Federal Reserve and the U.S. Central Bank to manage inflation by slowing down the economy.

 

Following the Federal Open Market Committee (FOMC) meeting on July 26–27, interest rates are expected to surge further after rising by 75 basis points in June, one of the biggest monthly hikes in 28 years. The FOMC is expected to decide this month whether to apply a 50 or 75 basis point increase.

Compound Capital Advisors’ founder and CEO, Charlie Bilello, bet on the bigger amount.

 

3. United States’ GDP

Gross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States.

The U.S. Bureau of Economic Analysis (BEA) will publish an early forecast of the country’s GDP for the second quarter of 2022 on July 28. After registering a -1.6% GDP decline in Q1 2022, Atlanta Federal Reserve’s GDPNow tracker is now expecting a -2.1% decline in GDP growth for Q2 2022.

After two quarters in a row of GDP decrease, the United States would enter a “technical recession” after two quarters in a row of GDP decrease. Bitcoin will face its first full-blown recession, and will certainly continue to fall along with tech stocks.

 

 
 

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
possible.

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

Move Your Mouse Over Charts Below For More Information

The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

Add your vote to the V4 Portfolio by clicking here.

Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

 

 

Move Your Mouse Over Charts Below For More Information

Our Discord

Join Our Crypto Trader & Investor Chatrooms by clicking here!

Please DM us with your email address if you are a full OMNIA member and want to be given full Discord privileges.