The Taylor Report-Bitcoin vs Gold vs Ethereum (12/27/18)

BITCOIN, ETH & GOLD Are 2018 History; Now Where?

Bill Taylor


By Bill Taylor, Contributor/Fintek Capital

We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.

12/27/18 Closing Prices:

Bitcoin:  $3,736.50 (+$7.96)
Ether:  $123.43 (-$1.37)
Gold:  $1,275 (+$6.00)
DJIA:  23,138.82 (+260.37)
S&P 500:  2,488.83 (+21.13)
Nasdaq Comp:  6,579.49 (+25.14)
Trading Summary Notes for Thursday, 12/27/2018

  • Here’s an understatement! 2018 was a very bad year for BITCOIN, ETH and basically all Cryptos;
  • 2018 was a little off (-2.5%) for GOLD, but let’s be honest. If you were long GOLD and short equities, bonds or cryptos you are jumping for joy;
  • In the next week or so there will be a massive amount of “why” and “how” all that happened in 2018 AND also 2019 predictions;
  • Keep in mind NOBODY at the start of 2018 predicted what has happened all this past year. The closet ANYBODY got was recognizing the top in BITCOIN, ETH and all cryptos. But guess what? BTC, ETH, etc. all did NOT go to zero. Indeed, the last five years has been crypto’s world. Incredible returns and (my opinion) its just beginning;
  • So, having had some very nice calls during 2018 (and none short, damn) and a decent year, let me save you a whole lot of reading and just accept my predictions (at your own risk of course);
  • LONG TERM BULLISH ON BITCOIN…………..2019 target $11,500……….as regulations become clearer and more institutions get involved;
  • NEUTRAL TO SLIGHTLY BULLISH ON ETH…………2019 target $250-$300……..as XRP and Steller eat away at ETH’s market share;
  • SUPER LONG TERM BULLISH ON GOLD…………..2019 target $1,400-$1,425………..as GOLD becomes THE place to be in 2019 and beyond. The shine is back;
  • So, you heard it (or read it) here first. (Note: short term/active traders should always use stops)

Current trading positions; LONG BITCOIN AND GOLD



Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor