Status May 11th

• Posted by mstrategist.com - the money news May 11, 2016 - Filed in Business - 635 views

  The bitcoin currently is ~$9000, after dropping from about 20K in t he beginning of the year. My prognosis is, unless nothing changes in fundamentals (status quo (cryptomania) continues, no quantum supercomputers breaking the encryption and other fun stuff), we will see prices about 300-400K in about 4 years or so. The financial markets (DOW, NASDAQ, etc) are currently struggling to find a direction, short term tactical prognosis that this will continue for some time this and next year, and then these indexes should resume the uptrend. Current investments of interest now – food stocks & precious metals. Stay tuned for more.