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Company Interview / "Bitcoin is an absolute momentum beast..."

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"Bitcoin is an absolute momentum beast..."

Company Interview20 Nov, 2024

Chris Weston from Pepperstone noted that gold bounced after a 9% pullback, supported by a weaker US dollar and lower real interest rates. He views geopolitical concerns as noise and expects a positive short-term outlook for gold.

Weston highlighted Bitcoin’s momentum, driven by favorable news and Bitcoin ETF interest. With strong inflows, he sees potential for Bitcoin to reach $100,000.

He also discussed Nvidia’s (NASDAQ: NVDA) earnings, expecting 8-9% volatility due to significant options exposure. Strong guidance and leadership could drive price moves, with the options market amplifying the volatility.

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"Bitcoin is an absolute momentum beast..." - Ausbiz Capital