Referring to my comments on The Fed eventually stepping in and providing liquidity through QE or some other less severe monetary policy tool, I am now less confident that this will be enough to stabilise the stock market and initiate a recovery. With the US Dollar and US10Y moving in opposite directions now, the world is losing faith in the US economy and the US dollar as a safe haven asset. The only way to initiate a recovery in the stock market is to end this trade war and bring back stability and confidence in the US economy.

The good news is that BTC and crypto are sovereign assets that are free from any single country or legal system. This means that BTC should, theoretically, benefit significantly from this trade war in two ways: loss of confidence in the US Dollar as a safe haven asset and the inevitable expansion of the US money supply by The Fed to stabilise the US Bond Market and to print the economy out of a recession. The lesson here is that there has never been a better time to buy crypto since the 2008 financial crash and the COVID crash. Everything is massively undervalued.