Which will come first: $300k Bitcoin or $9k gold? – Florian Grummes
If Bitcoin retraces $20,000 and falls below that key support level, then “something is wrong” said Florian Grummes, managing director of Midas Touch Consulting.
In the medium term, investors can expect the price to touch $50,000 to $100,000, with the current bull cycle targeting $300,000 a coin, Grummes said.
“If Bitcoin does the same thing in the last bull market in 2016 and 2017, we’re going to $320,000 this time,” he said.
0:00 - Bitcoin's bull case
6:40 - Bitcoin's floor
8:08 - Bitcoin vs gold, which climbs faster?
11:08 - Gold price outlook
13:23 - Inflation
17:04 - Altcoins
__________________________________________________________________
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
If Bitcoin retraces $20,000 and falls below that key support level, then “something is wrong” said Florian Grummes, managing director of Midas Touch Consulting.
In the medium term, investors can expect the price to touch $50,000 to $100,000, with the current bull cycle targeting $300,000 a coin, Grummes said.
“If Bitcoin does the same thing in the last bull market in 2016 and 2017, we’re going to $320,000 this time,” he said.
0:00 – Bitcoin’s bull case
6:40 – Bitcoin’s floor
8:08 – Bitcoin vs gold, which climbs faster?
11:08 – Gold price outlook
13:23 – Inflation
17:04 – Altcoins
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
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I would speculate the #1 appreciating asset of 2021 with be the crypto called HEX, it was the #1 most appreciating digital asset in 2020 last year
7th grade math and civics-By the numbers;
Federal, State and local Government, police, media, intelligence, teachers, professors, including military workers in America = 35.5 million out of a 157 million person workforce. 1 out of every 4.4 workers in America works for tax dollars.
@rsladwig. Public Domain
Be careful with eth there is a lot of smaller alts coming with a lot better technology
Great interview as usual
Bitcoin has no value
Govt won't allow gold to rise to 9k
Really i love your show; You're so eloquent personality and brought fruitful questions ……. it's helpful and always update the current market situation…. Keep going David!!!
Bitcoin all the way and Ethereum and soon the 3rd generation Coins
BTC no doubt
I was semi listening to this interview until I heard the question "So what is bitcoin? Safe haven, speculation, like gamestop, like gold?" and his answer was "It's all those things. You just need to be part of this thing."
Bitcoin=greater fool theory – and we have a lot of fools – HIVE is a good proxy but stay liquid
The titles of these videos are irresponsible. Not biased at all!
Gold, then silver
If shit hits the fan does anyone really believe a government will allow gold/ silver/ Bitcoin to undermine their currency?
Great Guest 👍🏻 Good Interview!
David Lin is the man!
Re: GLD vs Crypto
Gold be ending on a negative note by years end. 2020 was the year for gold. Bitcoin will explode upward by years end.
Regards –
……………..> oil & coin.
After newly appointed SEC Chair Gensler's policies surrounding crypto become clearer, it will slowly start to rise again.
Crypto in neutral gear at the moment.
Regards –
Wao! bitcoin hitting world monetary market thanks to mr Fxjohnson for involving me into this tremendous business
This guy knows what he is talking about! Pay attention 👌🏻
Bitcoin will drop to zero if its outlawed like in India..
Bitcoin!!!!!!
It is simply dollar worth less and less; faster than one would like.
The best performing asset is $600 and $1400 stimulus checks!
Gold will continue a steady march higher; but bitcoin will get to $300K well before gold gets to $9,000.