Bitcoin is part of the debasement trade and is close to a bottom around $59k–$58k. The power law model suggests a bottom is near, and after this drawdown Bitcoin will rally to $150k–$180k or higher.
Larry explicitly states, "I believe gold's going to 10,000, 15,000, 20,000." He attributes this to government deficits, unchecked money printing, and a broken fiscal system that gold anticipates, with no reform in sight. Long-term bullish direction due to irreversible currency debasement trend, making gold a core holding. Serious, unexpected reform in government spending that curbs deficits, which he deems unlikely.
Larry explicitly states, "I believe gold's going to 10,000, 15,000, 20,000." He attributes this to government deficits, unchecked money printing, and a broken fiscal system that gold anticipates, with no reform in sight. Long-term bullish direction due to irreversible currency debasement trend, making gold a core holding. Serious, unexpected reform in government spending that curbs deficits, which he deems unlikely.
Silver miners are deeply undervalued after the silver price retracement from $120 to $60, with many good silver stocks down 50%. They are real bargains and should double within the next 18 months as gold and silver rally.
Silver will follow gold's rally and go to $150–$200, supported by the same monetary debasement thesis and a historic breakout above the $50 level which creates strong upside potential.