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This is part 1 of the full interview. Remain tuned to part 2.
Background has actually revealed that every fiat currency has shed nearly all its worth in time. The U.S. buck will likely experience a similar destiny, however there is an answer to buck reduction, claimed Roy Niederhoffer, president and also creator of R. G. Niederhoffer Capital Monitoring.
R. G. Niederhoffer Funding's flagship fund defeated the last 2 significant stock exchange accidents, expanding more than 100% throughout the technology bubble collision of 2001, as well as obtained 51% in 2008. The firm's Smart Alpha fund has seen consistent double digit yearly returns considering that 2000.
That property is Bitcoin, Niederhoffer informed Michelle Makori, editor-in-chief of Kitco News, as well as there are a number of methods which the world's biggest cryptocurrency is superior to cash in that regard, and also far better than gold as a shop of worth.
Adhere To Michelle Makori on Twitter: @MichelleMakori ()
Adhere To Kitco News on Twitter: @KitcoNewsNOW ()
Adhere To Roy Niederhoffer on Twitter: @niederhoffer ()
0:00 – Inflation
4:00 – Bitcoin efficiency
6:56 – Bitcoin's utility
15:06 – Bitcoin rate projection
18:13 – Fed plan
19:21 – Bitcoin & supplies correlation
24:00 – Bitcoin temporary cost activity
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Bitcoin price will hit $100k this year but it has "stratospheric" potential (Pt. 1/2)
This is part 1 of the full interview. Stay tuned to part 2.
History has shown that every fiat currency has lost almost all its value over time. The U.S. dollar will likely suffer a similar fate, but there is an answer to dollar debasement, said Roy Niederhoffer, president and founder of R. G. Niederhoffer Capital Management.
R. G. Niederhoffer Capital’s flagship fund beat the last two major stock market crashes, growing more than 100% during the tech bubble crash of 2001, and gained 51% in 2008. The firm’s Smart Alpha fund has seen consistent double digit annual returns since 2000.
That asset is Bitcoin, Niederhoffer told Michelle Makori, editor-in-chief of Kitco News, and there are several ways in which the world’s largest cryptocurrency is superior to cash in that respect, and also better than gold as a store of value.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Roy Niederhoffer on Twitter: @niederhoffer (https://twitter.com/niederhoffer)
0:00 - Inflation
4:00 - Bitcoin performance
6:56 - Bitcoin's utility
15:06 - Bitcoin price forecast
18:13 - Fed policy
19:21 - Bitcoin & stocks correlation
24:00 - Bitcoin short-term price action
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
