It seems as of late the you really don't hear much about the SEC. Perhaps this is the start of them backing off from the backlash they got from the house and how everyone agreed they are doing nothing to help any sector in terms of protecting investors. To be honest people got real sick of it and to be honest I don't think anyone supports them at the moment.

This has seemed to help with the small welcoming bull run we are seeing and yes while some people may say it's not a bull run if you look back at the last 6 months we have gone from $16,000 BTC to now holding well above $27,000 BTC that's a rather large jump. However since March of this year we really haven't seen BTC do much of anything just some steady pinging between 30k and 27k.

CPI otherwise known as Consumer price index has a target of around 2% in which every country tries to target including the US. However this number has stayed high for a rather long time and is only now starting to fall down.

Coming in at still a whopping 4.9% might sound good to some but it's over double what it should be at.

The FED is already pushing some of the highest rate hikes we have seen in a very long time and bank after bank becoming insolvent. Consumer confidence in the USD and just in money in general is at an all time low.

While again it may not seem like it this is another repeat of 2008 but people are more hyper aware of it this time around. We see this with the press statements saying everything is all good while banks crash, get bought out and some how saying none of this is at the tax payers expense constantly (which it is big time)

It's also clear that faith in leaders and government at least here in the USA is at an all time low. This is showing increased pressure to get into other assets such as gold, silver and yes CRYPTO.

We can also see that the frenzy for dumping money randomly into countless junk projects is still a very real thing. I wrote a bit about this in one of my latest blog posts The State of Crypto and blockchain in which goes over the meme coin craze we are seeing again in particular with the new additions to the BTC chain.

This new run is showing once again clear examples of how scaling and high fees are the number one killer of bull runs that constantly repeats itself.

At the moment we are already just starting to touch upon those. We very well might see a bull run over this summer but I do also see it stagnating once again because of congestion on the blockchains.

Overall it does feel like there is renewed pressure on the upside of crypto and soon being the next three quarters of this year should be pretty loaded with new releases in the gaming world and other aspects of what will bring crypto into the next development age. You can almost look at the growth of crypto as the dot com run.