Doug Casey's Take: Bitcoin, Booms, and Bubbles
Is Bitcoin in a bubble and about to burst? In this episode, we talk about bull markets - what drives them, what causes bubbles, and how to invest.
00:00 intro3:04 soybean example5:17 boom/bust cycles10:50 gold miner stocks will be lucky again12:05 Doug's favorite gold stocks12:26 Bitcoin in a bubble14:00 reason it will go higher16:05 bitcoin supply parallel with gold19:14 the trend is your friend23:24 what to do with the money after you sell29:50 A long term asset32:55 How to know when Bitcoin hits bubble territory
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-written the monthly metals-and-mining-focused investment newsletter The International Speculator. He has authored four books, including Crisis Investing