Bitcoin Price Likely Headed to $8K but Gold Could See $2,100, Silver $30 on Dollar Downfall
"The U.S. dollar has been holding everything back in terms of valuations," says Carley Garner, author of Higher Probability Commodity Trading" and founder of www.DeCarleyTrading.com. "There's a big disconnect between oil stocks and oil future's market," she says to Daniela Cambone. "Investors are starving for a place to put their money and oil is working for the time being," Garner states. "I have a hard time finding intrinsic value in bitcoin, or one particular coin in general," she continues. "I personally think there is a chance of $8,000 bitcoin, the market is full of surprises for bitcoin and that won't change," Garner says. Garner concludes that, "gold has been very disappointing and is not behaving the way you expect it to in war-like and inflation-like environment."
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