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Ep. 1130: Harry Dent Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Is Bitcoin Going to Fail?
You give the optimistic perspective of a new form of independent currency developing in lieu of assorted country central banks continuing down their same path, which has not been a pretty path. What could happen if the alternative independent currency doesn't develop and we are left with major countries in this? It's modern monetary theory - basically just something for nothing policy. This is going to go down is the biggest, most idealistic economic proposition in history. They call it now, the great experiment. It is an experiment and this one is going to fail because you don't share economic problems by printing money.
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