Is Bismarck a Herring?
Just kidding
Who knows how high it will go before......
Gold is around $2170 and has just been going up for the last 14 years. I expected during Trump for it to drop like after Jimmy Carter messed it up, but it didn’t. So not sure gold will drop, but I would not be surprised at all to see bitcoin massively tank.
>> speculative assets like bitcoin
Bitcoin is a speculative asset? You mean I could lose my a$$ets betting on Bitcoin? No! Say it ain’t so.
“Gold and Bitcoin Peaks: Are We Heading to Another Dot-Com Bubble?”
yep ... such bubbles are always created by massive amounts of excess synthetic liquidity conjured out of thin air by corrupt “leaders” trying to fake economic growth ...
said excess synthetic liquidity has no legitimate economic opportunity, so invariably fuels speculative bubbles built from greed and exuberant ignorance ...
said bubbles then inevitable crash, thereby performing the useful service of draining said excess liquidity ...
unfortunately, it’s usually those fools who can least afford it who are parted from their money during said bubble draining ...
oh, rinse and repeat every couple of decades ...
Gold doesn’t go up, the dollar goes down. Between the massive money printing and BRICS moving off the petrodollar, it’s no mystery.
BTC is about to breakout. Look at the technicals.
NVDA FY 2023 EPS $3.34
NVDA FY 2024 EPS $12.96
$12.96/ $3.34= 3.88 , aka 288% gain.