Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Crypto Carnage: Why Bitcoin May be Headed to $12,000 And Can UST/LUNA Be Saved?

Crypto Carnage: Why Bitcoin May be Headed to $12,000 And Can UST/LUNA Be Saved?

FromThe Daniela Cambone Show


Crypto Carnage: Why Bitcoin May be Headed to $12,000 And Can UST/LUNA Be Saved?

FromThe Daniela Cambone Show

ratings:
Length:
24 minutes
Released:
May 16, 2022
Format:
Podcast episode

Description

"Bitcoin shining during inflation was always a myth," claims Gareth Soloway, president and CFO of InTheMoneyStocks.com. He tells our Daniela Cambone that Bitcoin has never experienced an era without quantitative easing stemming from the Fed, and has a $20,000 high-end and a $12,000 low-end target for the digital asset. "Terra's collapse was insane," Soloway exclaims, saying that it will be very hard for it to bounce back significantly since they keep minting, "more and more coins." Soloway asserts that bitcoin is still viewed as, "digital gold," but the precious metal gold is a very mature asset in comparison. "Even after a pretty dramatic pullback recently, gold is still having a positive year," he states when comparing the safe haven to other forms of stored wealth. "Gold should start its next leg up soon," he predicts, as the precious metal saw a downturn over the weekend. He concludes that we are in a "Fed-induced bear market, with a recession coming later in 2022," so it's important to be a nimble investor.
Released:
May 16, 2022
Format:
Podcast episode

Titles in the series (100)

There's a thirst for economic and investment know-how. It's not taught in the classrooms or discussed via mainstream media. The Daniela Cambone Show is proud to bring you the exclusive news, interviews, and insight you can't get anywhere else. Host Daniela Cambone sets out to interview the top minds in finance to help explain new investments, opportunities, and industries that otherwise might be a mystery. From cryptocurrency, gold, silver, interest rates, and central banks, to the inner workings of the global economy, Daniela's goal is to get you to a comfortable level of financial understanding to achieve freedom.