bodeen88

Etherium (ETH)

Long
COMEX:GC1!   Gold Futures
Who will be the winner in the long term? The $USD? Gold? Bitcoin? Etherium? I see a trend forming. June was a strange month for cryptocurrency. Equity prices were volatile, but making huge gains, while the price of both etherium, bitcoin, and gold traded sideways. Then since late July BTC/USD surges 27%. Values of ETH/USD are reaching particularly high levels (+75%) since July 22nd (17 days from the time of writing). Gold is up 45%. I believe the flight from the dollar to these assets is out of fear of inflation in the long term (over the next 5-8 years), and the hopes that a halfing in the staple crypto asset, Bitcoin, recently will deliver higher BTC/USD prices due the ever-decreasing flow or creation of new bitcoin. These two predictions may in fact compound one another to send cryptocurrency asset prices parabolic. As long as the United States government allows the use of cryptocurrency and remains the dominant world power, ETH is a good bet. I believe it will drive our technology driven environment into the future with new services and machines.

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