Will US Midterm Elections Have an Impact on The Crypto Market??

I don't like to be the bearer of bad news, but here's a brief summary from Brian Kim's video, whom I follow on Youtube:

Mid term elections are coming up, political parties are desperately trying to hold things together for the next two months. After the mid term elections, the politicians are expected to just stop caring. With the way our global economy is heading, things could fall apart in a hurry. The economy, the stock market, housing market — are all at risk. Just liquidity of assets in general will take a hit.

High gasoline prices makes voters unhappy. So the US Federal Gov't has been releasing 1 Million barrels of oil from our strategic reserves per day, to reduce the cost of gasoline. And we will continue to release 1M barrels of oil until the mid term elections. This release of oil is helpful to many families in the short run but the long term effects is likely to be expected by the close of 2022 and definitely in 2023.

When the Gov't flips the switch and starts to purchase oil to replace the oil released from the Strategic Reserves, the Federal Gov't will be adding the demand of oil, which will cause prices to increase because the supply of oil will be low. Law of supply and demand at play here. Goldman Sachs is predicting our gasoline prices to increase an additional $1.75/gal by the end of this year. So enjoy the "low" oil and gasoline prices while they last. It's another political move to appease voters in the short term.

Quantitative tightening (The plan for the US Government is to remove 90 Billion dollars from the market every month for the next 2+ years) is expected to occur after the mid term elections conclude. Why — you might ask? It's because the politicians will no longer care — because they won't need a vote anymore. Well, at least for another two years.

The stock market is expected to get destroyed. The crypto market is expected to have a faster response time, because crypto get traded 24/7 and much more highly leveraged. Eventually it's going to get so bad, shortly after or simultaneously, the markets will crash. The stock market is going to plummet so bad, that it's going to trip a circuit breaker. Then you know what's going to happen after that? The dead cat bounce.

Imagine a cat jumping off a 20 story building. On the way down a child see's this cat plummeting to certain death. The cat hits the pavement. The cat bounces. The child observes the cat hit the pavement and bounces. The child then says, "Look! I saw the cat move! It's still alive!"

Many will likely be drawn in and going heavy. Thinking it will be a long lasting bull market, lot's of money and assets will begin to trade hands. At that time there's going to be a short, likely strong rally, until the Federal Gov't makes their pivot. Those who don't pull their investments out may need to twiddle thumbs until the market truly begins to recover.

https://www.youtube.com/watch?v=_VhU0mXGjvU

For those here who are not from the US, the US Midterm elections occur in November of 2022. I'm waiting for the market to get destroyed, and will try to make a small scoop of crypto assets while on discount.

I will continue to wait until 2026 while mining RVN and purchasing more along the way.

I'm enjoying the way the market is reacting with ETH merge on the horizon, but just giving an analysis of the highly probable bear market at the end of this year.

If you've stuck around to read this entirely long a$$ post, kudos to you.