Bill Murphy of GATA.org, returns with his perspective on the PMs and Bitcoin.
After soaring to 20k and then plunging to less than 6k, investors are searching for safe haven assets with lower volatility, such as gold and silver.
Bitcoin recently eclipsed 10k, due in part to anticipation surrounding the lightning network upgrade, where developers seek to reduce Bitcoin fees and vastly improve transaction rates.
Investors anticipate the NASDAQ to adopt new Bitcoin investment products in the next few weeks / months, such as ETFs and related derivatives, further increasing liquidity.
Top crypto developer and visionary techno-wizard, Daniel Larimer, founder of Steemit.
The EOS team includes legendary Brock Pierce. Unlike BTC / ETH, which are victims of their own success, EOS has nearly asymptotic scalability, thanks in part to Larimer's DPoS.
EOS, via DPoS could facilitate up to 1 million transactions per second with virtually zero gas fees, earning the epic project the title of Ethereum 2.0.
Just as Bitcoin is considered a currency and investment asset, the host proposes a simple analogy between the usefulness of silver as a currency and as an investment class.
Crypto enthusiasts are encouraged to diversify at least 10% of their crypto holdings into the precious metals.
The gold beta statistic significantly offsets the already unique Bitcoin beta value, offering tangible insurance to digital money investors.
Gold / silver have an established legal framework insuring the protection for investors, which further offsets the very real threat of stealth legislation against vulnerable digital protocols.
Bitcoin and gold traded at parity - today, 1 BTC can purchase nearly 10 ounces of gold, presenting the diversification opportunity of a lifetime.
With over 100 years of monetary stability, North American's have been lulled into a state of complacency, nevertheless, history always reverts to the mean, particularly regarding fiat money. Greenback reserve-status hegemony is jeopardized via the stellar rise of cryptocurrency alternatives and the recent yuan-petro futures contract.
The duo coin a new contrarian indicator based on a proposed APA anomaly, a widespread affliction shared by modern investors - ADID, Attention Deficit Investment Disorder.
Symptoms of ADID include episodes of FUD, which quickly succumbs to FOMO, best illustrated by the recent plunge / reversal in US equities market.
The guest / host prescribe the only known panacea for the ADID pandemic - precious metals diversification.
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