There are some very alarming things going on, like the situation in Great Britain, where it's still not clear how bad it is. I am afraid that the same can happen to the euro, lose additional 30-50% buying power vs the Dollar and cause further wreckage in the financial system. Another thing to worry about is if the US will be able to rollover their debt at these elevated interest rates. The cost is becoming huge and the alternative is to inflate it.
I think that in the short term the best position is cash and maybe some commodities, oil is a good entry after a few months of decline. I would definitely buy some Bitcoin and Ethereum, especially if Bitcoin goes sub 15K, but even if the bottom is in, I think some will be good for my portfolio. Stocks are an inflation hedge, especially value and utilities. I don't think it's still a good time for tech stocks, not until the situation with energy and interest rates improves.
In terms of profiting from the crisis, if we get a crash sub 15K in BTC it might be the best multi year opportunity for entry. If you want to bet even bigger maybe buy another L1, since that one might go x25 when BTC goes x10.
I think that in the short term the best position is cash and maybe some commodities, oil is a good entry after a few months of decline. I would definitely buy some Bitcoin and Ethereum, especially if Bitcoin goes sub 15K, but even if the bottom is in, I think some will be good for my portfolio. Stocks are an inflation hedge, especially value and utilities. I don't think it's still a good time for tech stocks, not until the situation with energy and interest rates improves.
In terms of profiting from the crisis, if we get a crash sub 15K in BTC it might be the best multi year opportunity for entry. If you want to bet even bigger maybe buy another L1, since that one might go x25 when BTC goes x10.