Panic is never a good advisor when it comes to making financial decisions. Especially when you are in one of the toughest political, health and economic crises that humanity can remember. So sometimes it is necessary for someone to remind us that it is not the end of the world and therefore it is not time to panic. And Anthony Pompliano tries that in the Tweet from today:
Is it time for panic in the crypto world?
The fact that the whole world is going through one of the most difficult crises in history is no secret to anyone. The effects that the spread of coronavirus only on human health worldwide have been immense. With thousands of deaths and hundreds of thousands of infected people spread across all countries.
Without considering the devastating effects of the disease on the markets. Causes a significant breakdown on the world’s major stock exchanges. And to force governments to promise multi-million dollar stimulus packages, boost market confidence, and stop the worst economic recession since Crack ’29.
In such a context, it is normal for most people to believe that the time has come to panic and to try to get out of their financial assets as soon as possible so as not to suffer the losses that the crisis will bring . An attitude that, according to Anthony Pompliano, would not be very wise on his Twitter account:
“”While most people become incredibly financially defensive, the richest in the world are preparing to use billions to buy all the cheap assets. Train yourself. Nobody cares about them“”