What goes up, must come down. Bitcoin's meteoric rise in 2021 was overdue for a correction, said Ben Samaroo, CEO of WonderFi.
"I think when you see an overexuberance in the price action on the upside for Bitcoin, where there are certain events that happen then you're going to see more of a correction," Samaroo told David Lin, anchor for Kitco News.
Outlook 2022The global economy is still far from normal. Even as it continues to recover from the COVID-19 pandemic, 2022 will be a year filled with uncertainty. The Federal Reserve is on the cusp of tightening its monetary policy, however many economists and market analysts expect the U.S. central bank to remain well behind the inflation curve. This means real rates will remain low – a positive environment for gold. A slowing global economy also means that investors might have to navigate the rising risk of stagflation – but there is more than the gold story to be told. The green energy transition could create new opportunities for silver and PGM metals. Stay tuned to Kitco News to learn about what is in store for 2022.
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