The UNWINDING of a speculative phase can be UGLY
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
I’m not suggesting Bitcoin will fall back to $3k or less. What I am suggesting is there have been two unique speculative bubbles in Bitcoin . If the current unwinding event is a severe as I think, Bitcoin could fall back to levels below $6500 before attempting to find any real support.
If you really believe the excesses over the past 8 years warrants a $30k Bitcoin price – wait till you see what happens when the Fed pushes FFR rates above 1.5% and a real asset bubble bursts across the globe.
Got Gold & Silver yet?
Follow my research.
