Interview: A Fresh Perspective On Cryptocurrencies
Audio Length: 00:23:18
- Bob Hoye of Institutional Advisors rejoins the show with a fresh perspective on the financial markets/cryptocurrencies.
- His proprietary indicators suggest US shares are reaching bubble territory as speculative euphoria is approaching the year 2000 dot.bomb levels.
- We discuss Bob's excellent technical chart.
- I Bitcoin as a gold rush, circa the 1995 Dot.com days with the next target after a correction, $10,000 per coin.
- The guest views the current 3 fold increase in Bitcoin as the ultimate top.
- An early Bitcoin competitor, LiteCoin blasted higher overnight, on news that investors in China/Singapore would have access to LiteCoin via CoinBase.
- Unlike the commodities market / dot.com shares bubble, the PTB have virtually zero means to cap the crypto space via naked short-selling.
- Cryptocurrencies could represent the greatest bubble of financial history with Bitcoin the Google-like model of a new digital revolution.