Jeff Berwick put his fiat where his mouth is and has turned his cryptos into gold. Here’s the details…
The cryptocurrency ecosystem has had a lot of innovation and late last year the dumb money began investing. The January pullback was expected and needed. Many are glad there was a pullback as things were growing too fast. The potential of cryptocurrencies has not changed, there is still massive amounts of development. There is a lot of buzz in the cryptocurrencies, and it’s not going away.
Late last year more money entered into Initial Coin Offerings than into the IPO’s on Wall Street which is pretty impressive for something that didn’t exist two years ago. Prices could go lower, but overall Jeff is happy with how it has played out.
He can’t believe how the precious metals have been left out of the bull market. They have done very little, and it’s an opportune time to take some profits and put them into the precious metals.
Jeff feels we are still on track for a dollar collapse around 2020. Gold and silver are a very safe investment, but you should also have some cryptocurrency exposure.