Is Bob Hoye Buying Dogecoin? #5150

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Manage episode 292338118 series 2829089
על ידי Kerry Lutz התגלה על ידי Player FM והקהילה שלנו - זכויות היוצרים שמורות למפרסם, לא ל-Player FM, והשמע מוזרם ישירות מהשרתים שלכם. הירשמו כדי לעקוב אחר עדכונים ב-Player FM, או הדביקו את כתובת העדכונים באפליקציות פודקאסט אחרות.
There’s something spectacular taking in the crypto space. Bob believes that behind the scenes a gold-backed crypto that will become the global reserve currency. Goldman has now come up with a crypto trading desk. This is a repeat of Goldman’s 1929 fund that was set up to invest in trusts. This is typical of a bubble coming to the end. Gamestop was just another step in the bubble markets. In November we saw margin debt hit a cycle high. The collapse or decline usually happens 6 months later. And here we are. New highs in copper will lead to major declines in prices. It’s RSI is matching 2007-08. Time to bail? Corn likewise is also hitting another peak. Bob says we’re in the super-cycle for financial assets. Once the financial mania is over, everything deflates or at least it has for the past 5 cycles. Dollar shorts are going to get burnt as usual. Most debts are made in dollars and must be paid back in dollars.

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