
Listen – HERE Mp3 download.
Highlights
- Brimming with holiday cheer, Bob Hoye of Institutional Advisors rejoins the show with comments on the global financial bubble.
- The Dow could be approaching an ultimate peak – current valuations are stretched beyond those of the last equities market top of 2000.
- Bitcoin recently eclipsed the total value of Wal-mart, which should make for enlightening discussion around the holiday dinner table.
- As relatives learn that their disenfranchised Junior, Grandma Kettle and Uncle Fester, who have long shared the privilege of residing in the palatial household basement, suddenly hold enough BTC to pay off the mortgages of the entire neighborhood, a big spike in popularity is anticipated.
- One compelling BTC price estimate is $180,000.
- Gold hedge funds are turning away from PMs to Bitcoin to boost profits. Since the institutional money is finally pouring into the BTC realm.
- Bitcoin / altcoin miners are literally printing money, with the expressed blessings of the Fed / Treasury, as hubris filled authorities consider cryptos merely a commodity.
- Both the guest / host concur that the PMs offer solid relative values, with silver the more enticing of the two.
- The TEZOS ICO** with a minimum investment of $250 recently launched in pre-ICO skyrocketed to $12 (Figure 1.1.).
- Investors could reap a 20 fold increase in the $250 investment.
- Futures are trading on BitMEX for pennies using 100x’s leverage or no leverage at all, plus BitHTC.
- Berkshire Hathaway Shares trade for $300,000 – where is the Bitcoin Bubble when Bitcoin is 20 times cheaper?
- The much anticipated B2X fork will take place around December 28th!
$4,000 * 450M / 10M = $180,000
Now that gold hedge funds are turning to Bitcoin to boost profits, will the new institutional interest transfer to the herd as usual, resulting in a feeding frenzy, catapulting price into the vicinity of $100k? Berkshire Hathaway Shares trade for $300,000 – where is the Bitcoin Bubble when Bitcoin is 20 times cheaper? Bitcoin / altcoin miners are literally printing money with the expressed blessing of the Fed / Treasury, as authorities in their hubris consider cryptos only a commodity, not real money. Both the guest / host concur that the PMs offer solid relative values, with silver the more enticing of the two – both anticipate a new bull market rally in the sector.
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Figure 1.1. TEZOS pre-ICO futures on HitBTC
Note: Graph prepared by Chris G. Waltzek – courtesy of HitBTC.