Friday, February 3, 2023

Is $10,000 Bitcoin Price the Next Stop? Gareth Soloway Breaks it Down | Stansberry Research


“The governments around the globe are going to have to start taking away money from the system instead of pumping it in,” says Gareth Soloway, president and CFO of InTheMoneyStocks.com. “Bitcoin is like a risk-on asset so it’s treated like a tech stock,” he says to our Daniela Cambone, as he sees a bearish decline for the crypto as a massive buying opportunity, “on the way down.” Investors have to take a longer-term view of bitcoin investing, he says, due to the macroeconomic and inflationary issues, “which are just not bullish for bitcoin.” Soloway predicts a massive move up for gold in 2022, slating its performance will outdo bitcoin and the stock market. Ethereum’s performance is contingent on bitcoin’s, and there is a crypto winter to come, he predicts. Soloway concludes by reviewing potential M&A moves within the technology sector, ranging from Roku to Teladoc Health.

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