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This interview was filmed on June 21, 2022.
Gareth Soloway of InTheMoneyStocks.com has been calling for bitcoin to fall below US$20,000 for quite some time, and the key cryptocurrency recently did just that.
Speaking to the Investing News Network, he outlined the tools he used to project the price drop well before it happened, and shared where he thinks bitcoin is headed next.
Soloway also spoke about gold’s major upside potential over the next six to 12 months, saying the yellow metal could reach US$2,400 to US$2,500 per ounce in a year’s time.
#Investing #Bitcoin #Gold
0:00 – Intro
0:35 – Understanding Gareth’s sub-US$20,000 call
5:32 – How did Gareth trade during bitcoin’s fall?
7:57 – After bounce, bitcoin could hit US$12,000
10:45 – Gareth still bullish on bitcoin long term
15:45 – Gold’s path over the next 12 months
18:01 – Fed hiking too quickly, recession an issue
23:46 – Where investors can look for safety
26:36 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.