Ep. 964: Henry Kaufman Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Future of Cryptocurrencies
What concerns me to logic is financial behavior in the United States now. Equity prices are exceedingly high, price earnings ratio are conceitingly high and interest rates are exceedingly low. There is a risk here that you could get somewhere along the line of testing of those excesses. Have you thought about these cryptocurrencies at all? No, people have asked me this. Someone asked me a year ago when I had another book that came out, what about cryptocurrency? I said, in response, I like flowers. It dates back as you know. But that's very difficult to analyze.
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