2min chapter

Michael Covel's Trend Following cover image

Ep. 1150: Lou Kerner Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

The Rise and Fall of Cryptocurrency

I was a Wall Street analyst for the first third of my career, my last four years at Goldman. I put a million dollar price target on Bitcoin coming up now two years ago. When people get comfortable that they can make money again, they will dive in handover fist. We need to get a market turnaround. What makes it turnaround? I don't know. Nobody knows when today, tomorrow, week, a month.

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