Keep an Eye on Bitcoin as the Next Financial Crisis Starts 

 Bitcoin is on a huge streak. Its performance over the last year has been outstanding and it has outperformed most asset classes, by a wide margin. It's probably the only asset class which beats out both gold and silver, in 2016. Why is it shooting into outer space? 

 People look at alternate asset classes when their confidence in traditional assets fades. Since the beginning of the year, both the stock and the commodity markets have been on a roller coaster ride while catching both the bulls and the bears on the wrong side. 

 The macroeconomic situation of the world does not give confidence to astute investors. This is evident by the return of the legendary George Soros, who has come out of retirement to short the overblown markets. Similarly, other hedge fund managers are stocking up on gold, which supports the view that a financial crisis is right around the corner.

The Brexit results have also opened up a possibility of another round of easing by the central banks, around the world. The Bank of England will most likely resort to an easing schedule during the next meeting and that will be followed by theEuropean Central Bank and the U.S. Federal Reserve. Following his victory in the recent elections, the Japanese Prime Minister Shinzo Abe is likely to push the Bank of Japan to announce another round of easing.

Since the last financial crisis, the combined central banks have pumped massive amounts of money into the system and they continue to do so at a rapid pace. Nonetheless, the world is closer to a financial crisis than ever before. 

 The Fed's money printing policy had led the commodity Guru Jim Rogers to remark: "The Fed will continue to print money until there are no trees left in America." 

 READ MORE: Donald Trump Presidency Could Drive Price of Bitcoin High