Gerald Celente of "Trends Research Institute" has put out his top trends for 2018 and in this video, he discusses one of those trends. Specifically how Crypto Mania is NOT a "Bubble" and is here to stay.
I agree with Gerald, there may be a bust at some point. But just as there was the (.com) bust in 2000, all the major (.com) players were still standing and it will be the same for Crypto. It is the future and here to stay, much like the alternative media. So many have flocked to alternative media and we are seeing it with currency. People are now starting to flock to Crypto (Alternative) Currencies.
The video is courtesy of INFOWARS and is being used for commentary purposes
I can remember back when Bitcoin was $10. All I kept hearing was "It is a Bubble and a Ponzi Scheme". "It will not last the next 12 months". Then all these people were saying again it was a bubble at $100. Then it hit $1000 and guess what? "It is a bubble". Fast forward to $2500. Yup, a bubble! Then it hit $3400 and the heard was screaming "It's a bubble, don't buy bitcoin. You are stupid if you do.
So, then we see it hit 10K and many were still calling it a "bubble". You can literally go back on Youtube and see how many people were talking down bitcoin at the 10k mark and once again calling it a "Bubble and a Ponzi Scheme". So many calling investors "Stupid and Dumb" for investing in something that will lose them money.
In December BTC hits 20K and we are all still "dumb". And what is even crazier is that with this healthy correction of BTC and the surge in Alt-Coins. We are still looked at as "foolish" for holding positions in Crypto.
Who do I side with? All of these people that have been wrong about their predictions for years now? Or Gerald who has been proven track record of being accurate for all these years?
I'll go with Gerald. I believe Crypto is here to stay according to my own personal research. Not all Crypto Currencies will make it of course. But the ones that establish themselves are not going to disappear no matter what happens in the crypto market. Crypto is the 21st Century!
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