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Bombs Are Dropping In the Middle East
Here’s What To Do About It
Bombs Are Dropping In the Middle East – Here’s What To Do About It
Bombs are dropping in the Middle East and it’s likely many more bombs will be dropped.
Over the weekend, Iran launched a drone strike against Israel in retaliation for Israel bombing Iran’s embassy in Syria. This could expand the regional conflict into a global conflict.
Will it spark World War III or not? Who knows. I certainly don’t.
What I do know is that it could create volatility in the markets.
In times of uncertainty, investors and traders alike dump assets and move to the perceived safety of cash. It’s an automatic response that has little bearing on the value of the underlying assets.
How do I know that’s true?
Well, when the world went into lockdown in 2020 due to the pandemic, amazing companies such as Amazon, Google, Microsoft and Meta saw their stock hammered lower by as much as 39%.
Even bitcoin – whose use case has nothing to do with the global business cycle – dropped as much as 56% – from $10,400 to $4,800.
Will that happen again? I don’t know. But if it does, it’ll be the buying opportunity of a lifetime.
What I do know is that bitcoin can drop 20%, 30%, 40% or even 50% all while still being in a bull market. After it dropped to a low of $4,800 in March 2020 during the early days of the pandemic… It rocketed to a then all-time high of $69,000 in November 2021.
That’s more than 14x your money.
So how do you make that volatility work for you instead of getting victimized by it? Here’s how.