Bitcoin Will Continue To Head Lower

I think it is a bubble like any other bubble. The dot com bubble,  we had the real estate bubble, we had the Bitcoin bubble. And the Bitcoin bubble has already popped.

Bitcoin now, is trading around 350 dollars/ bitcoin, the high was 110 or 1200. So, I think we already saw the speculative blow off and I do not think the currency will is going back up to that rate again. I think we will continue to head lower.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Greenspan On Gold

Related stocks and ETFs: Newmont Mining (NEM), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), Barrick Gold (ABX)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Why Is The U.S. Dollar Rallying?

Everybody is wrongly anticipating that the Federal Reserve is going to tighten. They believe that Quantitative easing has worked, that zero percent interest rates have worked and because they worked, they are no longer needed.

Well, the fact of the matters they are needed now more than ever before. Because they did not work in creating a legitimate economic recovery, all they did was inflate a big bubble. And you cannot keep the bubble inflated without the air. So, the Federal Reserve cannot suck the air out of the bubble and expect it to keep expanding.

Related exchange traded funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.