Macro Markets and Bitcoin Commentary by Joe Consorti
Skepticism toward Bitcoin persists despite failed predictions, Joe Consorti notes
Joe Consorti challenges the recurring negative forecasts about Bitcoin, pointing to past claims that predicted events such as Strategy's Michael Saylor facing liquidation, a 'death spiral,' and a ...
Joe Consorti: Legal actions may force Peter Schiff to sell gold holdings
Joe Consorti warns that Peter Schiff may soon be overwhelmed by lawsuits from investors. According to Consorti, a surge in class action cases could result in billions paid in legal fees and force ...
Predicting a market crash guarantees losses, Joe Consorti argues
Joe Consorti criticizes the view that consistently warning of an imminent market crash is a path to financial success. He asserts that such pessimistic outlooks not only lead to missed ...
Joe Consorti: Strategy does not pose systemic risk to Bitcoin
Joe Consorti challenges claims about Strategy and its impact on Bitcoin. He states that Strategy poses no systemic risk to Bitcoin and that the current STRC token sell-off will not force the ...
Bitcoin sinks to $59,000 with MSTR below $100, Joe Consorti notes
Joe Consorti highlights that Bitcoin experienced a sharp decline to $59,000 and MSTR dropped below $100, with STRC moving to $80. Despite the heightened market volatility and louder panic, ...
Joe Consorti: Rate cuts expected as oil drops, Bitcoin likely to react first
Joe Consorti suggests that the recent silence from Warsh is a strategic move rather than a sign of economic strength. He points out that with the end of the war, falling oil prices, and easing ...
Bitcoin leads in topping and recovery cycles, Joe Consorti notes
Joe Consorti notes that Bitcoin was the first major macro asset to reach its peak during the current market cycle, having done so in October. He adds that Bitcoin’s typical behavior throughout ...
Joe Consorti: Tech IPOs see sharp declines after first year
Joe Consorti highlights the significant declines in share prices for major technology companies following their initial public offerings over the last decade. According to Consorti, Facebook is ...
Strategy sees indefinite Bitcoin net-buyer stance, Joe Consorti notes
Joe Consorti comments on skepticism toward Strategy, highlighting that despite previous calls for an 'imminent collapse,' the company continues its Bitcoin-centric approach. Strategy is described ...
Joe Consorti: AI market cap surge outweighs Bitcoin sell-off impact
Joe Consorti attributes Bitcoin’s recent price decline not to Michael Saylor’s sale of 32 BTC, but to the rapid expansion of the artificial intelligence sector, which has added $19 trillion in ...
Equities head towards riskier terrain, Joe Consorti argues
Joe Consorti presents a stark contrast between Bitcoin and traditional equities. He asserts that either Bitcoin could lose all its value, or that equities are exposing investors to significant ...
Joe Consorti: Federal Reserve may crash dollar instead of stock market
Joe Consorti suggests that the Federal Reserve is more likely to crash the dollar than the stock market. He points to historical patterns in 2008, 2019, 2020, and 2023 as examples where the Fed ...
Inflation at a 3-year high and market turmoil raise risks, Joe Consorti warns
Joe Consorti points out that Kevin Warsh has taken on a challenging role in the finance sector. Inflation is now at a 3-year high, the bond market is under significant strain, and the U.S. ...
Joe Consorti: Elizabeth Warren has $12 million net worth despite limited literacy
Joe Consorti expresses skepticism about the link between intelligence and significant wealth. He points to U.S. Senator Elizabeth Warren as an example, citing her net worth of $12 million, and ...
Fuel and food supply disruptions could spur inflation, Joe Consorti warns
Joe Consorti warns that the potential closure of the Strait of Hormuz for three months could cause significant volatility in global markets. He highlights that disruptions in fuel supply would be ...
Joe Consorti: Bitcoin approaches 200-day moving average with strong weekend rally
Joe Consorti, industry influencer, highlights that Bitcoin is now just $100 away from its 200-day moving average as it rallies into Sunday evening. Consorti adds that reclaiming $83,000 would ...
Bitcoin surpasses short-term holder cost basis at $79,100, Joe Consorti confirms
Joe Consorti, industry influencer, reports that Bitcoin has reclaimed an important on-chain level that previously confirmed the end of the 2022 bear market. According to Consorti, Bitcoin has ...
Joe Consorti: Bitcoin surges 20 percent in one month to reach $80,000 high
Joe Consorti, industry influencer, reports that Bitcoin has climbed by 20 percent in the past month, reaching $80,000. This marks Bitcoin's highest level since ...
Tether’s gold-backed reserve approach compared to STRC, Joe Consorti notes
Joe Consorti, industry influencer, raises questions about Peter Schiff's criticism of STRC while noting a lack of similar commentary on Tether and its gold reserve practices. Consorti suggests ...
Joe Consorti: Bond market reacts as Powell leaves and Warsh arrives
Joe Consorti, industry influencer, shares an update on significant changes in the bond market, highlighting the departure of Powell and the appointment of Warsh. Consorti notes that the market ...
Paul Tudor Jones calls Bitcoin greatest scarcity asset, Joe Consorti notes
Joe Consorti, industry influencer, comments on legendary macro trader Paul Tudor Jones describing Bitcoin as the greatest scarcity asset. The statement comes as Jerome Powell prepares to hand ...
