Famous Economist Evaluates the Increase in BTC and Gold
The famous economist evaluated the increase in BTC and Gold. World-renowned economist Shant Manukyan commented on the rise in Bitcoin and Gold this week. Emphasizing the balance sheets that are expected to be announced in the markets, especially at the end of July, on the Nasdaq side, Manukyam stated that with the data to be announced, a mobility may occur on the Nasdaq side.
Pointing out that the contradictions in the asset classes are not good as a result, Manukyan said that the elections in the USA also greatly affected the market.
Dollar and Euro
Emphasizing that the elections can start with pricing, Manukyan stated that the dollar / euro exchange rate can go up to 1.19 level by drawing attention to dollar and euro parities.
Manukyan emphasized that the coming of a deflation would affect the market negatively due to the coronavirus epidemic that emerged in Wuhan, China, and transmitted to more than 200 countries and gave the signals of the second wave.
Gold and Silver Prices
Pointing out the gold prices in recent days, Manukyan said that silver moves ahead compared to gold, and that silver will now attack towards the $ 26 level and the movements after this level will be even sharper.
Emphasizing that the increase in silver prices is higher compared to gold, Manukyan added that the real thing was to shape the portfolio correctly.
Manukyan, who also evaluates the shares, pointed out that there was an upward trend in the shareholders until 2020, but there are declining hills since 2018.
Emphasizing that the expectations regarding the petroleum were not met due to the epidemic, Manukyan stated that he was looking at some more agriculture-oriented prices.
Stating that there are significant contradictions in bond prices, Manukyan pointed out that if the 0.45 level breaks down, more risks may occur.
Bitcoin and Ethereum
Touching on two of the most valuable cryptocurrencies, Bitcoin and Ethereum, the famous economist said that a break in ETH has taken place and will face a move towards the $ 340 level.
Underlining that Etherium is still at the bottom compared to the leading Bitcoin in the long term, Manukyan stated that a significant break in the BTC side occurred and this would create a positive situation in terms of altcoins.
Emphasizing that the issue has no connection with FED and interest, Manukyan said that the trend towards altcoins also positively affected Bitcoin.