Episode: 21: Crypto-Bust: Why Bitcoin is Headed Under $1000


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21: Crypto-Bust: Why Bitcoin is Headed Under $1000

The spread between the Euro and Dollar is getting wider and could put pressure on any QE tapering proposed in the Eurozone. Scott tells you why the next 12 to 18 months are going to be quite volatile with a combination of monetary policy manipulation and trade wars weighing on the markets. Greg reveals that the Bank of International Settlements (BIS) just published a report stating that global banks may not be reporting the exact value of assets on their books. Sound familiar?

 

John asks Greg about cryptocurrencies and why it’s so difficult and almost complete guesswork to determine their real value. Greg tells you how every relative new high in bitcoin has been sold recently, and why he sees no turnaround in price until it falls below $1000. Rocky S. writes in with a question asking why gold and silver don’t seem to be rallying in a world of fiat currencies.



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