This Black Swan Event Could Disrupt 2024 US Elections, According to Gary Cardone
Entrepreneur Gary Cardone has raised concerns about a potential “Black Swan” event that could have a significant impact on the upcoming 2024 US elections and the economy. During an interview with Kitco News, Cardone expressed his belief that a substantial event, similar to the COVID-19 pandemic or the 9/11 attacks, is likely to occur between now and August. He highlighted the current state of civil unrest in the United States, comparing it to a civil war without muskets pointed at each other.
Gold Predicted to Outperform Bitcoin
In addition to his concerns about social and political unrest, Cardone shared his investment outlook. He predicted that gold and silver would “grossly outperform” Bitcoin in certain circumstances, such as a Black Swan event. However, he noted that precious metals have not outperformed Bitcoin in the past decade. Cardone also commented on the potential impact of a spot exchange-traded fund (ETF) approval on Bitcoin’s price trajectory, stating that failure to approve the ETF could cause Bitcoin to drop to $27,000.
Hot Take: Gary Cardone’s Warning Signifies Uncertain Times Ahead
Entrepreneur Gary Cardone has issued a warning about a potential “Black Swan” event that could disrupt the 2024 US elections and have far-reaching consequences for the economy. His concerns about civil unrest in the country and divisions among politicians highlight the uncertain times we are facing. Additionally, Cardone predicts that gold and silver will outperform Bitcoin under specific circumstances but acknowledges that precious metals have not done so in recent years. This warning serves as a reminder of the unpredictable nature of global events and their potential impact on various aspects of our lives.
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