It’s so overdue, and all risk assets everywhere, from condos in Miami and Toronto to the stock market…it’s just starting to happen, and the greatest inflation in 40 years, and in most people’s lifetime is just starting that,” he said.
I don’t’ know how much lower… But what I fully expect is that when we see the foundation form, which is going to happen, Bitcoin and Ethereum should come out ahead because they’ve outperformed for so long” he said.
McGlone remarked that “30,000 is a very good support pivot in Bitcoin… it could get to 20,000, I doubt it does, but I fully expect within the next two years, it’s going to go back to and gets to 100,000 dollars.
When asked why Bitcoin has not behaved like a safe-haven asset and as a hedge against inflation, McGlone said, “It’s a transition period.
“I think we’re going back to deflation and the best way to get deflation is get a spike up in prices and then flush them, and that’s what we’re doing.
money supply, just about a year ago, jumped up to the highest ever on an annualized basis.
Copper dropping, with crude oil rallying, is an indication of copper and silver being poor-performing this year, showing us that we have a major economic problem.