3min chapter

Michael Covel's Trend Following cover image

Ep. 1130: Harry Dent Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

Bitcoin

My forecast is that Bitcoin will go down to about three to four thousand and eventually go up to half a million to a million. It'll be just like the internet came in the dot com crash and the early two thousand recession all that stuff and then came out into the boom following that. Global Bitcoin is more volatile than anything and it's still small. That's why Bitcoin would have to boom for a long time before it could be seen as a global accepted asset.

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