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Entrepreneur Gary Cardone has sounded the alarm on the potential with a startling prediction.black swan’ This event could have a major impact on the upcoming 2024 US elections and the economy in general.
During an interview with kitco news On December 29, Cardone, known for his insight into economic and market trends, expressed concern, saying he would be surprised if a major pandemic-like event did not occur between now and August.
“I would be stunned if something major didn’t happen, what many would call a black swan. I’d bet $50,000 to $100,000 that an event like (911) would happen. I don’t know what it would be like, but it would be bigger than Ukraine, bigger than Israel, bigger than anywhere else in the world. It’s bigger than all the people protesting in major cities that no one wants to talk about,” Cardone warned.
The entrepreneur emphasized his belief that the United States is already in a state of civil war, comparing it to a civil war without muskets pointing at each other. He pointed to deep rifts among politicians and emphasized the lack of agreement on fundamental issues.
“When red politicians and blue politicians cannot agree on which pencil to use, we are truly at war. We just haven’t pointed our muskets at each other yet,” Cardone asserted.
Gold ‘significantly outperforms’ Bitcoin
In addition to concerns about political and social unrest, Cardone shared his investment outlook for the near future. He predicted that gold and silver would “significantly outperform” Bitcoin (BTC), but only under certain circumstances, such as a “black swan” event.
Cardone acknowledged that gold and silver have not outperformed Bitcoin over the past decade, despite favorable events for precious metals.
“I think gold and silver will significantly outperform Bitcoin, but in my opinion it is only under those circumstances that gold and silver will outperform Bitcoin. “It has not, or has not, surpassed Bitcoin in 13 years,” he explained.
He also commented on the outlook for Bitcoin price trajectory regarding spot exchange-traded funds (ETFs). In this case, he said there was hope that the product could be approved in early January, but warned that without the green light Bitcoin could fall to $27,000.
Finally, he noted that even if the ETF is not approved, other catalysts are still in place for Bitcoin, highlighting the upcoming halving as a key factor.
Watch the full interview below.
Disclaimer: Content on this site should not be considered investment advice. Investments are speculative. When you invest, your capital is at risk.
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