Statewide Drive – Bitcoin Surge
This week at ABC Statewide Drive with Jess Maguire, I explained why Bitcoin has risen to new record highs and whether it really has become mainstream or just a bubble in the making. I have the origin of cryptocurrency, how blockchain removes expensive intermediaries, and why printing the central bank and a weaker American dollar feed the demand for Bitcoin like a hedge next to gold. More important,
Wall Street’s approval of Bitcoin exchange-exchange funds has made it easier and safer for institutions and daily investors to get exposure and to control even more inflow. Although the risks continue to exist, the growing acceptance by payment giants such as Visa, Mastercard and PayPal suggests that Bitcoin is no longer a peripheral equipment, although I warned that we may see early signs of bubble enthusiasm about the markets.
Catch the full conversation here from 1:45: ABC Statewide Drive
Roger Montgomery is the founder and chairman of Montgomery Investment Management. Roger has more than three decades of experience in fund management and related activities, including stock analysis, stock and derivative strategy, trade and effects. Prior to the establishment of Montgomery, Roger positions in Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
He is also the author of the best -selling investment guide for the stock market, value. Aabel-Hoe to appreciate the best shares and buy them for less than they are worth.
Roger regularly appears on television and radio, and in the press, including ABC Radio and TV, the Australian and Ausbiz. View upcoming media performances.
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