Crypto's Performance Q3 Surprised Many (Patreon)

Crypto investors found something to cheer about amid the recent downturn in digital tokens: The asset class held up better than just about everything else (except the dollar) in the third quarter. 

A small win and decoupling/hedge theory fueled by FIAT going to hell all over the world at the same time.  

Adoption is real - 83,500 new digital wallets are coming online daily - that is serious despite some spot volumes being low. 

Q4 is also normally great for Crypto - this time should not be any different.  

This was a site to behold - volume buying out of the UK and EU was historic. 

The U.S. inflation situation is quickly improving. Same cannot be said for the rest of the world.  Back to the US housing prices are cratering and they make up huge amounts of the inflation index 30% of PCE and 40% of CPI. A strong dollar is making import prices cheaper. Supply chain strains are easing, with U.S. ports seeing record low wait times. So hope the fed becomes data-driven asap before they melt everything to the ground. 

This will be an interesting week. 

Stay well team

james