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Bitcoin Is a Currency Like Any Other

Bitcoin Is a Currency Like Any Other - The Bubba Show
Original air date:  November 22, 2017

Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo

BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: November 22, 2017

Markets Make New Highs…Again

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Once again markets make new highs across the board, which should come as no surprise to Bubba Show listeners. Bubba has been telling everyone to expect quiet markets that should continue to drift to the upside. Bubba plays his webinar from Monday night and covers all markets.

The four major indices are all at highs and Bubba explains that as much as he would like to sell them, the only trade to make is to buy. Bubba explains that he isn’t a buyer here, but is not interested in selling the markets at current levels, telling listeners he will look at individual issues here because they have a higher probability.

Bitcoin, the plunge protection team, and other stories are next up on today’s show. Economists misunderstand Bitcoin, and continue to call it a bubble, but Bitcoin is a currency like any other. As “no money down” housing makes it way back, Bubba questions the decision by many banks to participate.

The hidden tax of inflation, which the FED is so starved for, is almost laughable. The FED wants the middle class to finance debt that was created by the banks, the FED and the government. Bubba shows his disgust for the way that the middle class gets trapped by the FED.

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Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.