Florian Grummes, managing director of Midas Touch Consulting, joins David Lin, anchor for Kitco News, to discuss the outlook for Bitcoin.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Florian Grummes on Twitter: @FlorianGrummes (https://twitter.com/FlorianGrummes)
0:00 – Bitcoin & Crypto Winter
18:00 – We are already in a recession
23:45 – How severe is this recession?
#crypto #bitcoin #inflation
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29 Comments
Didn’t this mofo say Bitcoin was going to $300k a year ago? It’s hard to take these people seriously.
The U.S. Gov't has promised regulation by the end of 2022. The dream is dead…..get over it.
The truth is Bitcoin is useless. The pyramid scam will collapse sooner than you think !
I enjoyed listening to both your brains leak out of your mouths.
Created food——?? —— Soylent green?
Tesla just sold 75% of bitcoin holdings…I sold most all of mine.. Never felt better. I don't miss it at all. If Africa and Salvador want it.. All the more reason I don't want it.. These are not countries… Ahead of time
Nah, the dead cat bounce this month its over. Fed will raise rates next week and then comes the recession confirmation and sell off in crypto and stocks.
He's right about people being conditioned to buy crap they don't need
Many people got burned and will never return to Bitcoin again.
Btc will never get over 100k until it's fully regulated. Proper etf
I have been racking my brain on how NFT can sell for millions. I still can't see the value 🤷♂️🤷♂️🤷♂️🤷♂️
Great guest again. We're not at the bottom yet. Exactly my thesis!
I don't think you can call the FED interest rate ultra hawkish given inflation.
Very likely that you get some inflation waves. With the giant amount of debt, the corrections of central banks are like controlling a motorcycle going 150kmh om a mountain road with oil on the road here and there. Hyper inflation guaranteed, but in the mean time, you can be squeezed out of your assets by crisis creation.
Relief rally 100% from the bottom? He is sane? IT will be new Bull market if we get there
Bitcoin is a great bubble and a stupid investment. The next level of Bitcoin is 8000 Dollars
bc at 35K this summer? With interest rates rising, I don't see how. Oh well, if you wish hard enough, maybe it will come true 🙂
$100K+ incoming 🫢
Thank you for long signal 🤝
Bitcoin will continue rallying for a while. But it will end up sub $12k. That will be when to buy. Screw it until then.
Millennial David is such a Kitco crypto shill, quoting Novogratz and repeating all DeepState/Mainstream/CNBC/Metaverse talking points of “digital gold” and “inflation hedge.” The fact that he can’t see a correlation between tech stocks and cryptos speaks volumes. 😂 Cryptos only serve one purpose: be the digital fake version of real assets (gold, real estate, art) with “digital gold” and NFT’s. Like this they lure the sheeple away from real assets, making them cheaper so the 1%to buy more.
Bitcoin should be used for the uranium market so all the yellow cake sales can be traced and tracked
Hard times all around the Crypto market especially with the collapse of BTC, yet I still acquire $27,000 every 14 days from my investment with a platform in town.
My answer to why corolated is simple.
The FED prints money. This causes real estate aswell as stocks aswell as crypto and many other things to go up in price. Same is true when FED raises intrest rate prices go down.
Basicly all man made fabrication booms and busts.
It might actually happen at the end of the summer so I will keep buying sats with usdt.
✔️ RUSIA baned bitcoin & other country will follow. Can disturb state financial stability ✔️
56876
You can not predict bitcoin 100%
Be a hell of a kitty bounce with 2 or 3 more rate hikes in the oven.
Bitcoin only went up because of endless stable coin printing. It's all a massive scam!!👎👎👎👎
lol gold bug think Btc is going away so gold can Shine.
lol poor metal bugs see btc always growing more than gold