Bitcoin Is Not Taking Any Market Share From Gold

Bitcoin is not taking any market share away from gold. 

That hype is just part of the pump so the whales can dump. 

The only markets where Bitcoin is taking share are for lottery tickets, sports betting, casino gaming, penny-stocks, and some overpriced large cap momentum stocks.

Bitcoin: When The Speculative Fever Dies Down

Since PayPal customers buying Bitcoin in anticipation of using it to fund future purchases must sell Bitcoin to buy an actual currency to transact with merchants, today's buyers are tomorrows sellers. If speculative fever dies down, who will take the other side of those trades?

PayPal's foray into Bitcoin is a gimmick designed to provide a short-term boost to Bitcoin's price. If PayPal really wanted to offer its customers an alternative and reliable long-term store of value, it could have allowed them to buy gold and store it to fund future purchases.

A Biden Victory Is Not Good For The Stock Market

🗣  "(...) a Biden victory is not good for the stock market. It means much higher taxes and that is not going to be offset by the Federal Reserve.”

The U.S. stock market just had its worst week since March. In fact, if you look at just the second half of October, this is the biggest decline we've seen in the second half of October since 1987 and that was the year of the October 87 stock market crash!

This Time Stocks And Bonds May Crash Together

When the stock market crashed in Oct. of 1987, a sharp rise in bond prices not only cushioned the blow for diversified portfolios, but lower interest rates supported higher stock market valuations. This time stocks and bonds may crash together, leaving investors with no relief.

Bitcoin, Election & Stimulus

Bitcoin: The Biggest Bubble

If you measure the size of asset bubbles based on the level of conviction buyers have in their trade, the Bitcoin bubble is the biggest I've seen. Bitcoin hodlers are more confident they're right and sure they can't lose than were dotcom or house buyers during those bubbles.

Is a contested election good for the stock market?

On CNBC Fundstrat said a contested election is good news for the stock market because it will cause the Federal Reserve to backstop losses with more QE. Maybe if COVID starts turning people into Zombies we can all stay home and get rich, as the Federal Reserve money printing sends stock prices soaring.

The Economic Dependence On Stimulus

It's crazy to blame the problems in the economy or the stock market on a lack of stimulus. The Federal Reserve is already suppling constant monetary stimulus and the Federal government is providing huge fiscal stimulus. The problem is that the stimulus addicts now need an even larger dose.

Stock Market: All Bubbles Eventually Find A Pin

The Peter Schiff Show, Episode 622: All Bubbles Eventually Find a Pin

Watch and listen on Youtube: https://www.youtube.com/watch?v=9JFDrWGA4Nc

Highlights from this podcast episode:

• Stock markets tumble on renewed fears.Blue wave may not crest as once was expected.
• More stimulus comes with bigger government.
• Trump is the Republican Jimmy Carter.
• Trump’s legacy will be his successful Supreme Court nominees.
• The most important thing this election is to prevent Democrats from taking control of the Senate.