I hope you had a wonderful Christmas and are busy gearing up for whatever you plan to do to ring in the New Year. 2020 is going to be an extremely consequential year, as I’ve been forecasting for quite some time.
Today, however, I wanted to focus my video specifically on Bitcoin and crypto stocks, because I get a lot of questions about whether or not we’re going to see another bubble.
Let me start here: whether we do or not near term – and either is possible in 2020 – the real bull market will not come until 2021 or 2022. Then it will prove to be the next big thing.
The truth is Bitcoin’s a lot like the Internet stocks, insofar as they first bubbled massively, peaked, then crashed. Then out of the ashes began the real longer-term boom from late 2002 into now, and especially since 2009 with the QE-driven bubble. That’s why you have to play that market quickly in this stage; people who think they can just buy and hold crypto stocks are crazy.
Look back at history: It makes things clear that cryptos are just like the Internet in its early “hype” phase and many others before it. Buy and hold will be an effective strategy only after this stage sees a 90%+ crash and many superifical companies go under as occurred between 2000 and 2002 for the internet stocks.