Crypto for the future?
Published on February 7, 2018
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So, we Adviser's were advised today from Goldman-Sachs, JP Morgan and a few other Financial Firms regarding the future of Crypto-Currency. Just passing along some information that most of us were taking away from this info letting agenda. This is not "Book it" type of knowledge but still, pretty informative and usually accurate. We were told that the future of most Crypto was looking to absolutely TANK. So, we asked again for a simpler explanation on this meaning of Tanked for the future of Crypto's. So, Goldman dude says, we expect most to be Crushed into a Zero position and the few that might stay afloat (maybe Bitcoin) would venture under $1000 and possibly go under $500.
In the long run they all said the same thing. That most Currencies would kill Crypto because major use across trading nations and markets see NO future for Crypto. The US Dollar is strong as well as Yen, Yuan, Euro and Hong Kong Dollar. While these are stabilizing, Crypto's are faltering and becoming more Volatile than ever.
These guys are usually pretty accurate, but not 100% correct 100% of the time. As the US economy becomes stronger, so goes the rest of the World. Bitcoin and others were jetting upward because the World and the US economies were not doing well. That is changing and fast......just saying!
B safe & B careful
Dean
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