Investing News Network, Released on 6/22/22 (Recorded on 6/21/22)
Gareth Soloway of InTheMoneyStocks.com has been calling for bitcoin to fall below US$20,000 for quite some time, and the key cryptocurrency recently did just that. Speaking to the Investing News Network, he outlined the tools he used to project the price drop well before it happened, and shared where he thinks bitcoin is headed next. Soloway also spoke about gold’s major upside potential over the next six to 12 months, saying the yellow metal could reach US$2,400 to US$2,500 per ounce in a year’s time.
0:00 – Intro
0:35 – Understanding Gareth’s sub-US$20,000 call
5:32 – How did Gareth trade during bitcoin’s fall?
7:57 – After bounce, bitcoin could hit US$12,000
10:45 – Gareth still bullish on bitcoin long term
15:45 – Gold’s path over the next 12 months
18:01 – Fed hiking too quickly, recession an issue
23:46 – Where investors can look for safety
26:36 – Outro
Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.