Stansberry Research | U.S. $33 Trillion Debt Death Spiral May Be Bitcoin’s Saving Grace @StansberryMedia | Uploaded October 2023 | Updated October 2024, 6 hours ago.
"The actual wonderful nature of crypto is destroyed because it’s basically wrapped up in all these layers and layers,” says Clem Chambers, CEO of Online Blockchain. He claims that the future of cryptocurrencies is uncertain as the asset is caught in the crossfire of an SEC probation and stricter government regulations following the FTX collapse. “I don't think I know what's going to happen there…The halving should be very bullish. It’s going to come in March. So I'm kind of really hanging out for that." He also talks about how central bank digital currencies won’t be able to compete with cryptos because the government won’t risk embracing decentralized features. Plus, he remains optimistic about the global economic outlook. “People confuse the bottom of where the momentum is down and now the momentum is up… I think that’s very good for the next two or three years,” he concludes.
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Chapters:
00:00 Bitcoin price and the market sentiment
4:09 Bitcoin ETFs
6:40 Forecast for bitcoin
8:26 What should investors do?
11:50 Fed and the economy
15:14 U.S. election
16:34 Market overall sentiment
"The actual wonderful nature of crypto is destroyed because it’s basically wrapped up in all these layers and layers,” says Clem Chambers, CEO of Online Blockchain. He claims that the future of cryptocurrencies is uncertain as the asset is caught in the crossfire of an SEC probation and stricter government regulations following the FTX collapse. “I don't think I know what's going to happen there…The halving should be very bullish. It’s going to come in March. So I'm kind of really hanging out for that." He also talks about how central bank digital currencies won’t be able to compete with cryptos because the government won’t risk embracing decentralized features. Plus, he remains optimistic about the global economic outlook. “People confuse the bottom of where the momentum is down and now the momentum is up… I think that’s very good for the next two or three years,” he concludes.
#stockmarket #bitcoin #investing #finance
⭐️ Join Daniela Cambone's exclusive community ➡️ danielacambone.com
➡️ Follow us on Facebook: https://www.facebook.com/StansberryRe...
➡️ Follow us on Twitter: twitter.com/stansberry
➡️ Follow us on Instagram: https://www.instagram.com/stansberry_...
➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stan...
Chapters:
00:00 Bitcoin price and the market sentiment
4:09 Bitcoin ETFs
6:40 Forecast for bitcoin
8:26 What should investors do?
11:50 Fed and the economy
15:14 U.S. election
16:34 Market overall sentiment
