Jason Burack: Bitcoin & Other Crypto Currencies Go Through Very Painful Boom & Bust Cycles Every 3-4 Years

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Wall St. For Main St., Released on 5/19/21

Jason talks about what the long term Bitcoin chart looks like now and how since 2013 Bitcoin has gone through very painful boom and bust cycles every 3-4 years.

Bitcoin is currently down a lot from its recent highs.

Track the Bitcoin chart here: www.tradingview.com/chart/?sy…

The last major boom and bust cycle happened in under 12 months in 2017 and early 2018.

Track the Gold to Bitcoin Ratio Here: www.tradingview.com/chart/?sy…

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Bitcoin Stock to Flow Model Projection Predicts Bitcoin At $100k or More by 2024: stats.buybitcoinworldwide.com…

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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

 

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