Gold analyst predicting near-term Bitcoin collapse... Does he really understand Bitcoin?


New Member
Dec 14, 2017
This analyst, who normally specializes in gold investing, argues Bitcoin is about to take a dive. Does he have a point? What about his implication that Bitcoin is largely a Millennials' phenomenon?

"Anyway, the pattern on the Bitcoin charts has all the hallmarks of a final terminal blowoff that will be followed by a catastrophic wipeout and probably soon, and when that happens you don't want to be anywhere near it, either that or short. The inexperienced get rich quick merchants who have been flocking in droves to Bitcoin in recent weeks will be vaporized."