Tuesday, August 1, 2017

Cryptocurrencies appear to be in a Bubble | Economic cycles will continue to happen

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Jim Rogers talks with Kitco
-Economics and Cycles
-Crypto currencies like bitcoin appear to be bubblish
-Evidence of large bullish sentiments among investors may be a warning sign.

"We've always had economic cycles and we will continue to have them. When things are going right for a while, excesses develop, you have too much capacity, demand goes down because prices go up, then you have a good time, people get fat and sassy and cocky and things go wrong. Its human nature, they way people always work."

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.