MarketCast: Why bitcoin is headed below $1000
From the Stansberry NewsWire team:
The next 12 to 18 months are going to be quite volatile with a combination of monetary policy manipulation and trade wars weighing on the markets…
The spread between the euro and dollar is getting wider and could put pressure on any tapering of quantitative easing proposed in the eurozone…
And the Bank of International Settlements (BIS) just published a report stating global banks may not be reporting the exact value of assets on their books… Sound familiar?
Then the team talks cryptocurrencies and why it’s so difficult to determine their real value… how every relative new high in bitcoin has been sold… and why they see no turnaround in price until bitcoin falls below $1000.
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