Chris Dunn: Why Bitcoin & Gold Are Breaking Out (WTM ep: 023)
As the U.S. economy has been struggling through covid-19, this past week has been huge for bitcoin and gold…
So in today’s episode we look at which cryptos, stocks, and market sectors have been crushing the past quarter…
And which areas are still at high risk of defaults, bankruptcies, and total collapse.
In this episode, you’ll learn:
- Why bitcoin and gold are breaking out to multi-year highs
- How the U.S. economy got crushed by covid-19
- Which areas of the markets are doing well during the recession
- Our thoughts on the best moves for the second half of 2020
Links & Resources:
Grab Travis’s Free Hedge Fund Investor Playbook Course - https://skillincubator.com/course-pages/hedge-fund-investor-playbook/
Bitcoin breakout https://www.tradingview.com/x/CaGEJZNV/
GDP largest historical fall https://www.wsj.com/articles/us-economy-gdp-report-second-quarter-coronavirus-11596061406?mod=hp_lead_pos1&mod=hp_lead_pos1
Federally Chartered Banks can offer cryptocurrency custodial services https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html
Gold testing all-time highs https://www.tradingview.com/x/ty278crr/
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Disclaimers:
- I'm not a financial advisor, attorney, or tax professional, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. Do your own due diligence, and take 100% responsibility for your financial decisions.
- I will NEVER ask you to send me money to trade for you, directly buy or sell cryptocurrencies from you, or pump a specific market. Please report any suspicious emails or fake social media profiles claiming to be me. See this blog post for more info: https://chrisdunn.com/impersonators
- Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
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