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For your information, you can find below the description of the video "I'm Buying More Bitcoin If This Happens" | Gareth Soloway published by the Youtube channel Only The SAVVY:
At the time of writing, Bitcoin is trading for $28,531.01, up 4% in the past 7 days. Bitcoin has been pretty stagnant as of late, trading around the $27,000 to $28,000 range, looking to break the $30,000 level. According to trader Gareth Soloway, Bitcoin needs to trade above the $30,000 before he believes that the low has been in. In an interview with Stansberry Research, Soloway gave his take on gold, the S&P500, Bitcoin and the Fed. Soloway believes that Bitcoin still can slide to $11-13k if the $30,000 level doesn’t hold. The Federal Reserve and their strategy to tame inflation has drawn a good amount of criticism from the experts and pundits. On late Tuesday, Federal Reserve Bank of Cleveland leader Loretta Mester said, “Federal Reserve will need to hike rates above 5% and hold them there for a while.” And many experts believe by the end of 2023, the money printer will be turned back on when the recession truly hits. If these scenarios hold true, Soloway believes it’s really time to jump into gold and bitcoin.
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► To watch the full interview:
https://www.youtube.com/watch?v=V0Qi5m3Kjuk&t=403s
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