Bitcoin and Gold

Hi Friends,

The US Capital markets have had a rally of sorts over the last week or so and coronavirus fears seem to be easing, though things could change any minute on that front. I do believe we could see a massive rally in the equity markets if a cure/remedy/treatment/vaccine comes out for the virus.

But these returns have been paltry compared to how Bitcoin and Gold have performed recently and this year so far. Bitcoin has been looking strong and outlook/sentiment is good right now with the upcoming halving reducing the inflation pace and expected investor inflows from government stimulus. We could very well see Bitcoin over $10,000 and climbing a month from now.

Gold has also been doing well, though not as well as some might have guessed in the period of uncertainty. We are currently near $1,700 per troy ounce and many calls for $2,000 gold are being made with the government printing cash, increasing government debt loads, and still more potential equity market corrections if the US and global economies head into a recessionary period.

Holding both Bitcoin and Gold should be a good move right now!

What are your thoughts?

Thanks for coming by,
Brian