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Ron Paul On Bitcoin: "Our Problems Are Gigantic, People Are Desperate And Looking Everywhere"

Ron Paul On Bitcoin: "Our Problems Are Gigantic, People Are Desperate And Looking Everywhere"

Ahead of last night's collapse in cryptocurrencies, Ron Paul warned CNBC viewers that they had become an asset thatrivals the bubble he sees in stocks...

"I think it's going to continue to do exactly what it's doing. It's going higher and it's going lower," he said Tuesday on CNBC's 'Futures Now'.

 

"We can look at what's happening now, which to me is a climactic end of QEs."

"Sell The News": Investors Greet Tax Reform With Near-Record Redemptions

"Sell The News": Investors Greet Tax Reform With Near-Record Redemptions

Earlier this week, as Trump's tax reform was finally being voted through Congress, we showed that in a surprising market reaction, total asset returns - those combination of S&P and 30Y Treasurys - saw their biggest two-day drop since last December, a shock which led to one of the biggest declines for risk-parity investors in months.

Novogratz Delays Crypto Hedge Fund Launch, Warns Of Drop To $8,000 But "Bull Market" Isn't Over

Novogratz Delays Crypto Hedge Fund Launch, Warns Of Drop To $8,000 But "Bull Market" Isn't Over

Last week, Mike Novogratz surprised more than a few market participants by telling CNBC's Fast Money that he was bringing forward the launch date of his crypto hedge fund; today he killed those plans.

On December 12th, Novogratz said he thinks bitcoin could hit $40,000 in 2-3 months. The Galaxy Fund was supposed to launch of December 15th.

http://player.cnbc.com/p/gZWlPC/cnbc_global

Today, Novogratz has shelved plans to launch his fund, warning that:

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