Remember Teeka Tiwari, from last year's Palm Beach Confidential predictions? On a recent interview with Glenn Beck on Youtube he made his bullish case for Bitcoin and cryptocurrencies. I was positively surprised!
Teeka Tiwari
Teeka Tiwari
The name Teeka Tiwari started floating around the crypto scene last year as his Palm Beach Confidential (PBC) report predictions made their rounds. Teeka Tiwari is sometimes credited for accurately predicting the Ethereum price rise from mere dollars to it's then all-time-high of about $400, and it was this claim to fame that allowed him to ask a $5000 subscription fee to his periodical news letters where he shares his knowledge.
These news letters would quickly publically surface after first being released in private to subscribers, causing mad price spikes based on predictions made in the report. In some cases even a rumour that a certain cryptocurrency would be that month's PBC choice for 'coin of the month' would be enough to cause a price increase - as well as a subsequent all-out dump if the rumour turned out to be untrue.
The predictions made in the PBC were often received with mixed feelings by the cryptocurrency community and were often the topic of controversy. Obviously the high subscription fee played a part in most controversies as well as allegations of pump & dumps. Though it was easy to disregard his 'shitcoin' choices and assume his knowledge in crypto must be lacking, the effect of the PBC reports on the price of certain cryptocurrencies at the time is hard to deny.
Teeka's Bullish case for Bitcoin
While I am in no way a fan of Teeka Tiwari and don't hold his opinion in very high regard, when I came across an interview by Glenn Beck from two weeks back my curiousity got the best of me and I decided to have a look to see what good ol' Teeka is saying these days.Much to my surprise, I actually found a pretty decent interview that explains the bullish case for Bitcoin packaged together in a (roughly) 1-hour format. While they don't go in much detail about the technicals, I think that this interview isn't at all bad for those 'regular' people out there who aren't as much into cryptocurrency as the rest of us are.
You can watch the interview below or through this link:
Apparently this Glenn Beck guy is some kind of (controversial?) ex-Foxnews host - but since I'm not American I don't really know much about that. What I do like about this interview is that Teeka does a pretty good job at illustrating and explaining the market dynamics and giving an overall impression on how the market is evolving and developing. I think his bullish case for Bitcoin as explained in this video might be an excellent video to combat FUD among non-crypto insiders and in fact I kind of wish this segment had been aired on CNBC or a similar network.
Lastly, I think his coin-picks at the end aren't great ones. But, I must admit I am intrigued by his reasoning behind them: baskets of crypto's may indeed make his predictions come true. Then again, is it really a wonderous feat to predict a 4x increase for Litecoin in the next bull market? It almost seems like a given, and perhaps even a rather mediocre gain if that is all there is to be had.
Still, I think it's interesting to hear a perspective on the market from somebody like Teeka Tiwari, who approaches crypto very differently than I myself do.
Disclaimer: Contrary to Teeka Tiwari, I don't think the bear market is quite over yet.
