$500k Bitcoin: The Fed will be 'abolished', BTC will be global reserve currency, gold will hit $5k

The demise of the Fed is coming, and with the collapse of the current monetary system comes the adoption of Bitcoin as the new global reserve currency, said Gareth Soloway, chief market strategist of IntheMoneyStocks.com.

"What I'm actually calling for is a total collapse of the monetary system, actually. So, there will have to be a reset. And I do think that what we're going to go through as a country, as a world, is something that's going to equal if not worse than 1929 in the thirties of the Great Depression, it is going to be cataclysmic. But from its dust, Bitcoin and cryptocurrencies will rise and be the future of society," Soloway told David Lin, anchor for Kitco News, at the Future Blockchain Summit in Dubai.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Gareth Soloway on Twitter: @GarethSoloway (https://twitter.com/GarethSoloway_)

0:00 - Bitcoin price performance
3:25 - Bitcoin ETF
5:53 - Key levels for $BTC
8:22 - Demise of the Federal Reserve
14:55 - Stocks
15:41 - Future #Blockchain Summit

#Bitcoin

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