We use the volatility of Bitcoin to our advantage, says Ronnie Stoeferle, managing partner for Vienna-based Incrementum. “The price is going up because the price is going up” is how he sums up the rapid rally of the crypto. He explains that Bitcoin north of $50,000 is a prime example of the “Crack-Up Boom” theory, formulated by Austrian economist Ludwig von Mises. “It seems that people are losing confidence in paper money and, from my point of view, it’s a very dangerous market environment we are seeing.” Stoeferle adds, “Many don’t remember the taper tantrum that former Fed Chair Ben Bernanke faced… if we should have a second taper tantrum, this will make 2013 look like a kindergarten party.”
#bitcoinprice #digitalcurrency #crypto
Learn more about Crypto Capital and sign up today:
https://stansberryresearch.com/products/crypto-capital
Get the same kind of tools used by the world's elite investors:
https://stansberryinvestor.com
______________________________
Follow us on Facebook: https://www.facebook.com/StansberryResearch
Follow us on Twitter: https://twitter.com/stansberry
Follow us on Instagram: https://www.instagram.com/stansberry_research
Follow us on LinkedIn: https://www.linkedin.com/company/stanberry-research
#bitcoinprice #digitalcurrency #crypto
Learn more about Crypto Capital and sign up today:
https://stansberryresearch.com/products/crypto-capital
Get the same kind of tools used by the world's elite investors:
https://stansberryinvestor.com
______________________________
Follow us on Facebook: https://www.facebook.com/StansberryResearch
Follow us on Twitter: https://twitter.com/stansberry
Follow us on Instagram: https://www.instagram.com/stansberry_research
Follow us on LinkedIn: https://www.linkedin.com/company/stanberry-research
- Kategorien
- Bitcoin
Kommentare deaktiviert.