Bitcoin — Like a Cat with 9 Lives, Is Bitcoin Due A Resurgence?

It’s always difficult to predict future growth in any asset class, just by using Astrology.

At the time of writing Sam Bankman-Fried is appearing in the Manhattan Federal Court accused of fraud. The ‘Crypto-King’ as he’s been titled, is charged with Fraud. Whatever happens as a result of the prosecution, this may well have an impact on all Cryptocurrencies. This bad publicity isn’t good news for Crypto investors.

However, the state of the world’s economies at the moment are facing real challenges. It’s not just the US Federal Reserve sounding alarm bells on Government Spending, the same fears are stalking all the other major economies.

The UK national debt, as a result of the financial crisis, an ageing population and the pandemic, has risen from less than £700 billion in 2007 to £2.5 trillion, currently.

But it’s not just western governments who are facing serious economic problems. It was reported recently that the Russian economy was likely to seriously over-heat in 2024 and be plunged into crisis.

China also continues to juggle with the perilous problem of its massive property investment companies.

Italy remains at Two Levels above Junk status on the S&P Index. Astrologers have said that Italy and its economy could be the catalyst for the disintegration of the EU.

With alarm bells ringing in various sectors of disparate economies around the world — I wonder if this would be one of those “perfect storm” moments where several seemingly unconnected events all activate at the same time.

On a more positive outlook, problems in the western economies will result in less money available for military arms and bombs. Perhaps it will be this one factor that persuades the decision makers to finally stop and think about what they're doing, where they’re wasting precious resources and finally work to improve the lives of their own citizens.

The Astrology at the Moment

When Jupiter moved into Taurus on 17 May 2023, there was renewed optimism that Digital Assets, especially the possibility that Cryptocurrencies would rise again.

This hasn’t happened yet, partly because Taurus is a SLOOOW sign, Jupiter’s nature is upbeat, the cautious nature of Taurus keeps the exuberance and speculative nature of Jupiter in check.

At the time of writing, end of October 2023, Jupiter is retrograde and unable to express itself dynamically. The retrograde influence finishes on 31 December 2023, lets hope it’s ‘Chocs-away’!

It will not be until April 2024, when Jupiter will be conjunct the planet Uranus in Taurus and around this time a real breakout may occur in all Cryptocurrencies and Digital assets (I hope).

Of course, it really does depend on what happens in the World with regards to War and Conflict. But those of us who depend on the returns on our investments gained from a lifetime of hard work, remain hopeful.

A Central Digital Currency

There’s been a lot of discussion about a Centralised Digital Currency for the United States.

The People’s Bank of China introduced their digital currency, the ‘Yuan’ in 2020, which aims to replace some of the cash in circulation. I read that on 19 October 2023, Chinese Digital Yuan was used for the first time to settle a cross border oil deal for one million barrels, are we seeing the end of the Petrodollar?

After the oil crisis in 1973, the US made a deal with Saudi Arabia and other oil producing countries, that oil should be priced in US Dollars. What this effectively means is that all countries have to hold US Dollars in order to buy oil.

Bitcoin could be the answer and the ‘Saviour’ if there is a financial meltdown.

It would take a lot for the World to lose confidence in the US Dollar. It hasn’t escaped my notice that quite a lot of the articles I’ve read recently have an agenda to encourage the reader to buy something or invest in a product they are promoting.

What is the Significance of Uranus in Taurus for the Crypto World.

Uranus moved into the sign of Taurus for a long term stay on 6th March 2019; typically, Uranus spends 7 years in any one sign, it's a generation thing. The qualities of Uranus include unpredictability and uncertainty, in addition to radical thinking and innovative ways of doing things.

(By way of background, for those readers who don’t consider astrology and are unaware of the workings of Astrology, the areas ruled by the Sign of Taurus includes Banking and Finance.)

The last time this happened was in the period 1936–1942.

There are very few people alive today who remember that time. It was the rise of fascism in Europe. On 7 March 1936, Germany reoccupied the Rhineland. Many readers will know from the History books, that the Rhineland was confiscated from Germany following their surrender at the end of the First World War.

The Allies treatment of Germany following their defeat in the First World War had been brutal, and very unfair.

When I look around at what is happening now, there are some marked similarities.

Governments are printing money for fiscal stimulus and amassing huge debts in the process to deal with the effects of the Pandemic.

During the Second World War the Germans developed a machine that would protect their messages from being intercepted. The machine was called the ‘Enigma’ encryption machine, it was used extensively by the Nazis, and it took the genius of Alan Turin, with his team of ‘boffins’ at Bletchley Park in the UK, to crack the code.

The Film ‘The Imitation Game’ starring Benedick Cumberbach and Kiera Knightley told the story of Alan Turin —a fascinating film and a must see for Crypto fans.

Cumberbatch’s Alan Turing is a British mathematician who joins a cryptography team to decipher a German code. A team of other mathematicians helps him build a machine to crack it.

Are Digital Currencies Here To Stay?

The beautiful thing about Crypto is that with the amount of Encryption needed to safeguard each transaction it's difficult to follow the asset through normal channels.

Lets Look At The Economy — What’s Affecting It?

In 2020, the world changed forever. The Covid Pandemic was the driver, but the real reason was the demographic profile of the main economies. The largest and most productive generation the world has ever seen, retired.

For all their faults, the baby boomers rebuilt the Western Economies after the devastation of World War II. We must try to understand this and consider it in modelling our financial future — because baby boomers will continue to drive the economy into 2040.

Inflation rose sharply from the 1950s to the early 1980s. The world was consuming more than it produced as the baby boomer generation came of age. Around 1980, the boomers began entering the workforce, and we shifted to producing more than we consumed. That ended in 2020 when the average baby boomer retired.

You know, it’s taken me months to write this article, every time I thought that Bitcoin had turned the corner, it eluded me.

Perhaps it is the influence of Jupiter in Taurus!

I hope you enjoyed this article, thank you for reading to … the End