Thanksgiving is over, and the year is drawing to a close. In this video, I want to share my thoughts on the current state of the crypto market and give an outlook for December. We’ll talk about price trends, key events, and my personal strategies. Down below you can find a written summary.
Review of November
November was relatively stable in terms of crypto prices, with a slight upward tendency. The big topics were discussions around ETFs and their potential impact on the market. Despite some interesting news, like CZ stepping down at Binance, the market remained relatively unaffected and focused on developments around ETFs.
My Expectations for December
Personally, I don’t expect any major surprises in December. The decision on the ETF will probably not come until early January. Therefore, my strategy is to perform a rebalancing between stocks and cryptocurrencies and to strengthen the position in cryptocurrencies through dollar-cost averaging.
Long-Term Perspectives and Risks
I believe that the market has priced in more in the short term than many are willing to admit. There could be a slight decline after the introduction of the ETF. Also, I expect a recession next year, which could also affect the crypto market.
Exciting Developments in the Crypto World
Beyond the major cryptocurrencies, there are exciting developments, such as new projects and DeFi platforms. It’s an exciting time, but also one where you need to be cautious to avoid falling victim to scams.
Conclusion
December will likely be a quiet month for cryptocurrencies, but that doesn’t mean there aren’t opportunities. It’s important to keep a close eye on the market and act strategically. Feel free to share your thoughts and observations with me, and let’s work together to make a successful end to this year!
Stay up-to-date on the latest crypto developments
If you found this insightful and want to stay informed on the latest developments, consider subscribing to my YouTube channel: https://youtube.com/julianhospenglish
Julian
CEO Cake Group & Bake
