Cryptocurrency watchers and investors have seen the precipitous rise and retracement of Bitcoin, Ethereum, and other digital currencies over the past two years. With Bitcoin and other cryptos trading at a massive discount, how can we expect cryptocurrencies to perform in the coming year and what catalysts should we look for?
I want you to think 5-10 years ahead and realize that what is good for the U.S. economy in the immediate-term is starting to become destructive for the rest of the world.
Increasing numbers of independent-minded people are turning to Bitcoin and other cryptocurrencies as an alternative to fiat currency, hoping that these digital currencies are anonymous and free of governmental control. But are these cryptocurrencies, along with the crypto exchanges, really anonymous?
Regardless of where you live and what you do, technology rules our lives in the twenty-first century. This is true in our workaday lives but also in our investing strategies: for real gains that you can bank on, the bedrock of any modern portfolio has to be the tech sector. Technology stocks outperform other market sectors year after year, and if that’s not the foundation of your investment portfolio, frankly, you’re missing out.
I’ve been spending considerable time over the past 90 days going over 24 books and 129 chart patterns that deal with late-cycle investing.