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As the second wave of the coronavirus brushes up with the globe, capitalists have actually sought properties to branch out far from equities, as well as this behavior has actually pushed both gold as well as bitcoin up with each other over the last four weeks, claimed Alex Mashinsky, founder and also CEO of Celsius Network.
Mashinsy stays favorable on both gold and bitcoin in this atmosphere, but regardless of more powerful economic information released just recently, he cautions that the economic climate will certainly continue to experience with the exception of one sector: modern technology.
" I am a lot more cynical on the economy or the GDP of the UNITED STATE economy lasting. There are going to be massive winners: anyone who's moving electrons, so if you're Microsoft, or Zoom, or Amazon, and also you're mainly moving electrons via AWS as well as solutions like that, you're a big victor," he stated.
Gold as well as bitcoin costs: 0:22
Inflation: 1:11
Gold price energy: 3:46
Economic situation and also winning supplies: 5:50
Technology bubble? 11:37
Tik Tok outlawed: 13:54
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Gold, bitcoin, tech stocks: who will the ‘huge’ winners be? – Alex Mashinsky
As the second wave of the coronavirus sweeps through the world, investors have looked for assets to diversify away from equities, and this behavior has pushed both gold and bitcoin up together over the last four weeks, said Alex Mashinsky, founder and CEO of Celsius Network.
Mashinsy remains bullish on both gold and bitcoin in this environment, but despite stronger economic data released recently, he warns that the economy will continue to suffer except for one sector: technology.
“I am much more pessimistic on the economy or the GDP of the U.S. economy long-term. There are going to be huge winners: anyone who’s moving electrons, so if you’re Microsoft, or Zoom, or Amazon, and you’re mostly moving electrons through AWS and services like that, you’re a huge winner,” he said.
Gold and bitcoin prices: 0:22
Inflation: 1:11
Gold price momentum: 3:46
Economy and winning stocks: 5:50
Tech bubble? 11:37
Tik Tok banned: 13:54
__________________________________________________________________
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.
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