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Bitcoin and Crypto Prices Being Manipulated Like Precious Metals?

 

Bitcoin and Crypto Prices Being Manipulated Like Precious Metals? – FSN Interview GoldCore
Kerry Lutz of the Financial Survival Network (FSN) interviewed GoldCore’s Mark O’Byrne about the outlook for crypto currencies, financial markets and precious metals.

– Are bitcoin and crypto prices being manipulated like precious metals?
– Is there a coordinated backlash against bitcoin from JPM and powerful interests?
– 95% of cryptocurrencies and ICOs will likely go to zero
– Good cryptos will thrive, most will disappear in “massive creative destruction”
– Ponzi like nature of financial markets and fiat monetary system
– Fundamentals do not justify the massive gains in US stocks in recent years (near parabolic rise of over 300% in the S&P 500 since 2009)
– Is Plunge Protection Team (PPT) active in supporting markets?
– Retail investors including millennials piling into markets near top
– Smart money is reducing allocations to stocks and bonds; diversifying into gold
– Bitcoin is just nine years old and not proven store of value
– Gold proven store of value as seen in data, history and experience
– Gold backed crypto, crypto bullion, “digital gold” and “gold on the blockchain” has huge potential
– Perth Mint, Royal Mint, Royal Canadian Mint, LBMA and many others looking at blockchain
– Important blockchain solutions have full backing, transparency, security, stop the fraud and have customers interest at heart
– Important to own hard assets including physical gold and silver outside our digital financial and banking systems

Metals Year to Date Change

Metals Year to Date Change

Source: Goldchartsrus via Goldseek - Click to enlarge

 

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Mark O'Byrne
I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.
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