I’m concerned due to the effect of the “Trump Bump”. Traditional markets are in a bubble, wall Street is riding high on the idea of corporate tax cuts. At the same time, bitcoin is peaking, ALONG with gold. This makes no sense. A strong dollar and surging gold/btc? One of these is false. Capital movement with BTC/AU usually correlates with a weak dollar. That tells me one of two scenarios are about to occur:
A) traditional stock markets crash when everyone realizes that this is unsustainable. bitcoin will surge, expect 2000.
B) markets continue to surge while btc stagnates at this peak. Investors will be incentivized to move into traditional sectors, and btc will recede. But temper that with the possible approval of the ETF. No idea of the effect, but undoubtedly will be positive for BTC.
Published at Sat, 25 Feb 2017 20:05:31 +0000
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