The flight to crypto safety starts

Dear Reader, Jamie Dimon, CEO of JPMorgan Chase just warned... "This may be the most dangerous time the world has seen in decades."  On a global scale, he cited the wars in Ukraine and Israel as two of the biggest factors that could upend everything from energy and food markets to global trade and the geopolitical landscape.  The risks increase even more considering the problems at home. The U.S. just posted "the largest peacetime fiscal deficits ever", according to Dimon.  Up 23% with a shortfall near $1.7 trillion.  The national debt is rising at a pace not seen before, either.  All of these factors are converging to keep inflation and interest rates high. Which is causing a "flight to safety" into… of all assets… bitcoin. The legacy token topped $30,000 twice this week.  The imminent approval by the SEC of a spot bitcoin ETF… and… the need for investors to park their capital amid the growing uncertainty helped drive the mini-rally.  The volatility around the world is also helping altcoins. Retail crypto traders have an "ace up their sleeve".  Cointelegraph Markets Pro offers a powerful AI dashboard with real-time alerts about events known to push altcoins to higher prices.  Regards, Max K. Markets Pro Team © 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.