{"id":371250,"date":"2019-02-13T09:00:14","date_gmt":"2019-02-13T09:00:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=371250"},"modified":"2024-06-11T07:44:34","modified_gmt":"2024-06-11T07:44:34","slug":"bitcoin-giant-bitmex-major-financial-crisis-could-be-several-years-away","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-giant-bitmex-major-financial-crisis-could-be-several-years-away\/","title":{"rendered":"Bitcoin Giant BitMEX: Major Financial Crisis Could Be Several Years Away"},"content":{"rendered":"<p>The economy is doing just fine, they say. No, maybe not. A growing number of economists (and notable ones at that) have begun to tout theses accentuating that the world&#8217;s economy isn&#8217;t in clear waters, in spite of the seemingly ever-rallying stock market. <a href=\"https:\/\/uniquehot.com\/2019\/02\/13\/bitcoin-not-only-hedge-against-inflation-cashless-society-too\/\">Bitcoin<\/a> giant BitMEX&#8217;s research division broke down this subject matter on Tuesday, as it released <a href=\"https:\/\/blog.bitmex.com\/anatomy-of-the-next-global-financial-crisis\/\" rel=\"nofollow\">an extensive study<\/a> regarding the &#8220;anatomy&#8221; of the potentially inevitable global fiscal imbroglio.<\/p>\n<p>Hold on to your hats, what they wrote wasn&#8217;t all too pretty.<\/p>\n<h2>The Impending Crisis &amp; Bitcoin<\/h2>\n<p>The research unit at the Seychelles-headquartered exchange first laid out a number of ground rules, explaining that since the rise of modern society, financial crises have brutalized investors every decade or so. BitMEX Research went on to leverage dozens of statistics to outline the state of the global economy as it stands.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MUST READ. IT\u2019S HAPPENING. <\/p>\n<p>Anatomy Of The Next Global Financial Crisis \u2013 BitMEX Blog <a href=\"https:\/\/t.co\/YuEx7Bxt9R\" rel=\"nofollow\">https:\/\/t.co\/YuEx7Bxt9R<\/a><\/p>\n<p>&mdash; Max Keiser (@maxkeiser) <a href=\"https:\/\/twitter.com\/maxkeiser\/status\/91169536?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 12, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Long story short, the team of researchers and analysts noted that the current financial system is currently unstable and fragile, backing their claim by drawing attention to the dichotomy between the overall lack of volatility and sudden spikes in the VIX. They noted that this instability has only been underscored by low-interest rates and a tumultuous political climate (think Brexit, Trump\/China, and the Yellow Vests), making it all the more likely that a crisis is brewing under the surface.<\/p>\n<p>And with all that in mind, BitMEX&#8217;s research team noted that maybe it would be wise for investors to start building portfolios that mitigate risk. The exchange&#8217;s team wrote;<\/p>\n<blockquote><p>&#8220;Maybe one could construct a portfolio of VIX calls, long dated corporate bond ETF puts, index-linked government bonds, hedge funds specializing in volatility, gold and maybe to a lesser extent, even Bitcoin. Again, although one cannot know when these events will occur, perhaps now is a time to adjust one\u2019s investment portfolio.&#8221;<\/p><\/blockquote>\n<h6 style=\"text-align: center\">Related Reading:\u00a0<a href=\"https:\/\/uniquehot.com\/2018\/11\/15\/european-central-bank-exec-bitcoin-is-the-evil-spawn-of-the-financial-crisis\/\">European Central Bank Exec: Bitcoin is the \u201cEvil Spawn of the Financial Crisis\u201d<\/a><\/h6>\n<h2><strong>Financial Incumbents Are Waving Red Flags Too\u00a0<\/strong><\/h2>\n<p>Even <em>the<\/em> mainstay in the legacy financial realm, the International Monetary Fund (IMF), has begun to express a sentiment that should have both institutions and common Joes worried. In a recent speech at the World Government Summit in Dubai, IMF\u2019s Christine Lagarde\u00a0<a href=\"https:\/\/news.yahoo.com\/imf-warns-global-economic-storm-growth-undershoots-143827334.html\" rel=\"nofollow\">remarked<\/a>\u00a0that there are \u201cfour clouds\u201d closing in on the global financial environment, even quipping that a \u201cstorm\u201d might strike.<\/p>\n<p>Lagarde explained that these clouds include the trade spats between the U.S. and China, quantitative\u00a0tightening, Brexit, and, arguably most importantly, the \u201cheavy debt\u201d that governments, individuals, and corporations alike have garnered.<\/p>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<p>And according to a <a href=\"https:\/\/www.marketwatch.com\/story\/us-national-debt-tops-22-trillion-for-the-first-time-2019-02-12\" rel=\"nofollow\">recent piece<\/a> from MarketWatch, the amount of U.S. national debt just breached a record $22 trillion earlier this week, solely cementing the idea that the world&#8217;s economy could be in dire straits. In response to this swelling statistic, the Peterson Foundation, an American financial services group that is focused on amending the nation&#8217;s economic issues, claimed that the fiscal situation is &#8220;not only unsustainable but accelerating.&#8221;<\/p>\n<p>While some claim that by some holy miracle, the U.S. government will find a way to pay its debts (or default on them without a macro meltdown), a mass of economists is seemingly claiming that the end is nigh.<\/p>\n<p>Ray Dalio, the co-founder of the world&#8217;s largest hedge fund, Bridgewater Associates, recently drew eerie\u00a0parallels between today\u2019s environment and the one seen in the midst of the Great Depression. In a comment made at Davos, the world-renowned investor, who has become a market pessimist\u00a0as of late, explained that from 1929 to 1932, there was a lot of &#8220;printing of money, and purchases of financial assets,&#8221; much like today.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-371276 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/shutterstock_1056852920-e04.jpg?resize=750%2C500\" alt=\"\" width=\"750\" height=\"500\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/shutterstock_1056852920-e04.jpg?w=3000 3000w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/shutterstock_1056852920-e04.jpg?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/shutterstock_1056852920-e04.jpg?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/shutterstock_1056852920-e04.jpg?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/shutterstock_1056852920-e04.jpg?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/shutterstock_1056852920-e04.jpg?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/shutterstock_1056852920-e04.jpg?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/shutterstock_1056852920-e04.jpg?w=1140 1140w\" sizes=\"(max-width: 750px) 100vw, 750px\"><\/p>\n<p>If you don&#8217;t want to hear it from one of America&#8217;s wealthy men, for some reason, others have made similar comments. Dr. John Hussman, an American economist &amp; investor with a track record of prediction crises, <a href=\"https:\/\/uniquehot.com\/2019\/02\/04\/economists-belief-that-stocks-are-overvalued-has-bitcoin-enthusiasts-enthused\/\">noted<\/a> that the earnings growth that investors have postulated is likely to \u201cfall short of what we\u2019ve observed over the past couple of decades.\u201d Hussman coupled this with the idea that investment advisors are tacitly promoting &#8220;reckless speculation&#8221; to conclude that stocks are trading at \u201cmost obscene valuations\u201d ever.<\/p>\n<p>Even Kenneth Rogoff, an economics professor at Harvard University and a former IMF chief economist, expressed dismal sentiment in a recent Guardian op-ed. Rogoff remarked:<\/p>\n<blockquote><p>&#8220;Unfortunately, an inexorably growing financial system, combined with an increasingly toxic political environment, means that the next major financial crisis may come sooner than you think.&#8221;<\/p><\/blockquote>\n<h2><strong>Could Crypto Be The Answer?<\/strong><\/h2>\n<p>Travis Kling sure does think that cryptocurrencies, especially Bitcoin, could be the answer to a crisis, or at least the asset that will be left standing after such an event. Kling\u00a0<a href=\"https:\/\/uniquehot.com\/2019\/02\/08\/bitcoin-like-credit-default-swaps-against-irresponsible-banks-crypto-diehard\/\" data-wpel-link=\"internal\">recently stated\u00a0<\/a>that Bitcoin is a perfect hedge against\u00a0\u201cfiscal and monetary policy irresponsibility.\u201d\u00a0He stated that the monumental rise of employed quantitative easing (QE) strategies is \u201chow you would write the script\u201d for the adoption of cryptocurrencies, especially ones that tout a decentralized nature.<\/p>\n<p>Trace Mayer, a long-time Bitcoiner and a zealous anti-establishment thinker, echoed Kling&#8217;s concerns regarding the buildup of public debt. In a recent tweet, Mayer remarked that it&#8217;s been a mere 11 years since the 2008 recession, but that governments and society at large haven&#8217;t learned, accumulating $87 trillion more debt as humanity&#8217;s relentless lust for growth continues.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/t.co\/7mqtD0i5M2\" rel=\"nofollow\">https:\/\/t.co\/7mqtD0i5M2<\/a><\/p>\n<p>11 years later with $87T more debt. Second verse is little bit louder &amp; little bit worse.<\/p>\n<p>Except now liquidity pyramid&#39;s safe &amp; liquid tip <a href=\"https:\/\/twitter.com\/search?q=%24gold&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$gold<\/a> has new neighbor: <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a><\/p>\n<p>And 99% cash &amp; 1% <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> can be a very good risk\/reward portfolio construction. \ud83e\udd11 <a href=\"https:\/\/t.co\/wZy29LvXAN\" rel=\"nofollow\">pic.twitter.com\/wZy29LvXAN<\/a><\/p>\n<p>&mdash; Trace Mayer (@TraceMayer) <a href=\"https:\/\/twitter.com\/TraceMayer\/status\/70460160?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 13, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Echoing <a href=\"https:\/\/uniquehot.com\/2019\/02\/08\/bitcoin-hasnt-performed-well-in-2018-but-analysts-say-its-just-fine-to-hold-btc\/\">analysis done by PlanB<\/a>, Mayer then concluded that a portfolio consisting of 99% cash and 1% Bitcoin could be great from a risk\/reward perspective, and could outperform in a worldwide bear market.<\/p>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The economy is doing just fine, they say. No, maybe not. A growing number of economists (and notable ones at that) have begun to tout theses accentuating that the world&#8217;s economy isn&#8217;t in clear waters, in spite of the seemingly ever-rallying stock market. Bitcoin giant BitMEX&#8217;s research division broke down this subject matter on Tuesday, as it released an extensive study regarding the &#8220;anatomy&#8221; of the potentially inevitable global fiscal imbroglio. Hold on to your hats, what they wrote wasn&#8217;t all too pretty. The Impending Crisis &amp; Bitcoin The research unit at the Seychelles-headquartered exchange first laid out a number of ground rules, explaining that since the rise of modern society, financial crises have brutalized investors every decade or so. BitMEX Research went on to leverage dozens of statistics to outline the state of the global economy as it stands. MUST READ. IT\u2019S HAPPENING. Anatomy Of The Next Global Financial Crisis \u2013 BitMEX Blog https:\/\/t.co\/YuEx7Bxt9R &mdash; Max Keiser (@maxkeiser) February 12, 2019 Long story short, the team of researchers and analysts noted that the current financial system is currently unstable and fragile, backing their claim by drawing attention to the dichotomy between the overall lack of volatility and sudden spikes in the VIX. They noted that this instability has only been underscored by low-interest rates and a tumultuous political climate (think Brexit, Trump\/China, and the Yellow Vests), making it all the more likely that a crisis is brewing under the surface. And with all that in mind, BitMEX&#8217;s research team noted that maybe it would be wise for investors to start building portfolios that mitigate risk. The exchange&#8217;s team wrote; &#8220;Maybe one could construct a portfolio of VIX calls, long dated corporate bond ETF puts, index-linked government bonds, hedge funds specializing in volatility, gold and maybe to a lesser extent, even Bitcoin. Again, although one cannot know when these events will occur, perhaps now is a time to adjust one\u2019s investment portfolio.&#8221; Related Reading:\u00a0European Central Bank Exec: Bitcoin is the \u201cEvil Spawn of the Financial Crisis\u201d Financial Incumbents Are Waving Red Flags Too\u00a0 Even the mainstay in the legacy financial realm, the International Monetary Fund (IMF), has begun to express a sentiment that should have both institutions and common Joes worried. In a recent speech at the World Government Summit in Dubai, IMF\u2019s Christine Lagarde\u00a0remarked\u00a0that there are \u201cfour clouds\u201d closing in on the global financial environment, even quipping that a \u201cstorm\u201d might strike. Lagarde explained that these clouds include the trade spats between the U.S. and China, quantitative\u00a0tightening, Brexit, and, arguably most importantly, the \u201cheavy debt\u201d that governments, individuals, and corporations alike have garnered. And according to a recent piece from MarketWatch, the amount of U.S. national debt just breached a record $22 trillion earlier this week, solely cementing the idea that the world&#8217;s economy could be in dire straits. In response to this swelling statistic, the Peterson Foundation, an American financial services group that is focused on amending the nation&#8217;s economic issues, claimed that the fiscal situation is &#8220;not only unsustainable but accelerating.&#8221; While some claim that by some holy miracle, the U.S. government will find a way to pay its debts (or default on them without a macro meltdown), a mass of economists is seemingly claiming that the end is nigh. Ray Dalio, the co-founder of the world&#8217;s largest hedge fund, Bridgewater Associates, recently drew eerie\u00a0parallels between today\u2019s environment and the one seen in the midst of the Great Depression. In a comment made at Davos, the world-renowned investor, who has become a market pessimist\u00a0as of late, explained that from 1929 to 1932, there was a lot of &#8220;printing of money, and purchases of financial assets,&#8221; much like today. If you don&#8217;t want to hear it from one of America&#8217;s wealthy men, for some reason, others have made similar comments. Dr. John Hussman, an American economist &amp; investor with a track record of prediction crises, noted that the earnings growth that investors have postulated is likely to \u201cfall short of what we\u2019ve observed over the past couple of decades.\u201d Hussman coupled this with the idea that investment advisors are tacitly promoting &#8220;reckless speculation&#8221; to conclude that stocks are trading at \u201cmost obscene valuations\u201d ever. Even Kenneth Rogoff, an economics professor at Harvard University and a former IMF chief economist, expressed dismal sentiment in a recent Guardian op-ed. Rogoff remarked: &#8220;Unfortunately, an inexorably growing financial system, combined with an increasingly toxic political environment, means that the next major financial crisis may come sooner than you think.&#8221; Could Crypto Be The Answer? Travis Kling sure does think that cryptocurrencies, especially Bitcoin, could be the answer to a crisis, or at least the asset that will be left standing after such an event. Kling\u00a0recently stated\u00a0that Bitcoin is a perfect hedge against\u00a0\u201cfiscal and monetary policy irresponsibility.\u201d\u00a0He stated that the monumental rise of employed quantitative easing (QE) strategies is \u201chow you would write the script\u201d for the adoption of cryptocurrencies, especially ones that tout a decentralized nature. Trace Mayer, a long-time Bitcoiner and a zealous anti-establishment thinker, echoed Kling&#8217;s concerns regarding the buildup of public debt. In a recent tweet, Mayer remarked that it&#8217;s been a mere 11 years since the 2008 recession, but that governments and society at large haven&#8217;t learned, accumulating $87 trillion more debt as humanity&#8217;s relentless lust for growth continues. https:\/\/t.co\/7mqtD0i5M2 11 years later with $87T more debt. Second verse is little bit louder &amp; little bit worse. Except now liquidity pyramid&#39;s safe &amp; liquid tip $gold has new neighbor: #Bitcoin And 99% cash &amp; 1% $BTC can be a very good risk\/reward portfolio construction. \ud83e\udd11 pic.twitter.com\/wZy29LvXAN &mdash; Trace Mayer (@TraceMayer) February 13, 2019 Echoing analysis done by PlanB, Mayer then concluded that a portfolio consisting of 99% cash and 1% Bitcoin could be great from a risk\/reward perspective, and could outperform in a worldwide bear market. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":371291,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,2887],"class_list":["post-371250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-market"],"acf":[],"yoast_head":"\n<title>Bitcoin Giant BitMEX: Major Financial Crisis Could Be Several Years Away<\/title>\n<meta name=\"description\" content=\"Bitcoin giant BitMEX claims that a major financial crisis could be several years away, as macro economists have ramped up their concerns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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