Gold’s Bull Run Inspires Bitcoin Forecasts: Insights From Fred Krueger and Jack Mallers
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Gold has been on an impressive streak in recent times, hinting at underlying economic worries, according to bitcoin proponent Fred Krueger’s latest analysis. He speculates that bitcoin might soon follow a similar trajectory, fueled by broader financial factors. Jack Mallers, the founder of Strike, shares this sentiment, asserting that “bitcoin is the best expression of fiat debasement” and will likely mirror gold’s ascent.

From Gold to Bitcoin: Are Hard Assets Poised for Major Gains?

In a recent video called “Gold Smells Inflation,” Fred Krueger recently delved into gold’s noteworthy performance over the past two decades. He noted that from the early 1980s until 1999, gold endured a prolonged slump, with investor attention largely shifting to stocks, especially those in the S&P 500 and Nasdaq.

However, Krueger notes that gold began to rebound in the early 2000s, particularly around 2004, with the advent of gold exchange-traded funds (ETFs) boosting its value. Since then, Krueger pointed out, gold has increased tenfold, outpacing the Dow Jones Industrial Average’s fourfold growth.

Krueger attributes the recent climb in gold prices to rising economic instability, particularly in response to proposed policies by U.S. Vice President Kamala Harris. He compares these policies to those seen in socialist or communist regimes, raising concerns over wage and price controls similar to those implemented in countries like Venezuela and Zimbabwe.

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