Kitco News, Released on 3/9/24

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, and Gary Cadone, CEO and founder of Cardone Digital Ventures. Soloway and Cardone weigh in on the latest price rallies in Bitcoin and gold. They discuss the current market conditions and what the charts are saying. The two of them explore the topics of U.S. elections, cyber-attacks, and the looming risk of a global war. They also point out that some sovereign states are already secretly buying Bitcoin. They make projections on which countries are buying and when that will be revealed. On top of that, Soloway and Cardone make Bitcoin price forecasts.

00:00 – Intro: Bitcoin rally
01:32 – Cardone’s take on Bitcoin’s record highs
05:15 – Soloway on what’s next for Bitcoin
07:45 – Gold’s new record highs, risk of war
12:29 – Black swan event, U.S. election
20:15 – Risk of a cyberattack
23:10 – Central banks: gold and Bitcoin
32:45 – Role of spot Bitcoin ETFs
35:39 – CBDCs
43:11 – Bitcoin price outlook, plan for the unexpected
49:11 – The U.S. dollar, geopolitics, risks
54:58 – How do you hedge?
01:01:45 – Market outlook
01:11:31 – Full Bitcoinization – when?
01:13:18 – Thought experiment: Gold or Bitcoin or U.S. dollar?

Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks and President of VerifiedInvesting.com