Raoul Pal Bitcoin - Crypto CRASH coming... What to do NOW?
Raoul Pal Bitcoin - Crypto CRASH coming... What to do NOW?
Bitcoin today finally broke down below out of its trading range between 30 and 35 thousand dollars and is now sitting in the 20 thousands. Everyone, especially newer investors to the cryptocurrency space started losing their minds.
Interestingly, the Bitcoin price is now getting extremely close to Michael Saylor's average Bitcoin buy in price at $26,080.
Today, Raoul Pal went live to explain what is going on in the Crypto markets and explains why his friend and Analyst Tom Demarks, is expecting one final sharp sell off for Cryptocurrency. Make sure to stick around to the end of the video where Raoul gives his advice to people investing in the space, and what the home-run investments are.
The old-age relationship between gold and equities has always been in a range. Neither gold nor real estate is overvalued because we are not seeing any record volumes, and the reason is that policymakers have lowered the value of the denominator.
Central banks have been expanding their balance sheets by about 15% every year, so we are getting poorer by 15% every year, and this is mere populism. And wages are not going to close the gap.
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