‘Get Out’ Before 50% Bust: ‘We’re In Bottom Of A Bubble’ | Clem Chambers

**Clem Chambers** (0:00)
We're in the bottom of a bubble, so ride the bubble.
Try to get out before the bus. The market is gonna be incredible over the next 10 years, like it has been the last 10 years. It's an incredible time in technology, which is all that counts. There's gonna be an economic explosion in the next 10 years.

**David Lin** (0:17)
Clem Chambers, founder of ANewFN, joins us once more. Clem, I haven't had you back on since I believe the treasury started intervening in the markets, and gold and bitcoin in particular started reawakening. Gold's been actually reawakening, if you want to call it that, since the beginning of August, late July when the treasury first intervened in the yen market. You'll recall we talked about that, I think. We talked about that. Right after that, gold started shooting up. And now, and I know you've been hesitant to get back into the crypto markets, but bitcoin is now at 80,000.
79 today, as we speak on Friday the 28th. But welcome back to the show, Clem. Thanks for having me back.
And let me just start with this. We've talked about a lot of different NASA classes you and I have over the last couple of months. You've been correct in calling for a lot of things, including oil to go up right before the Iran War happened many months ago, many moons ago at this point. It felt like yesterday. Bitcoin, though, let's start with that. You haven't liked bitcoin in a while. Do you like it now at $80,000? $80,000, run up incredibly. Yes.

**Clem Chambers** (1:23)
The problem I have with bitcoin is that you can get it stolen off you so easily in so many ways. Only a couple of weeks ago, somebody stole $100 million in bitcoin. Yeah, because some cold wallet wasn't quite cold after all. I remember being on your show a year ago, saying there's no such thing as a cold wallet. What do you mean there's cold wallet? There's no such thing as a cold wallet.
You cannot, in my book anyway, the only way to hold bitcoin would be to in an ETF. And who knows, their ETF bitcoin might get stolen. Why not?
Can you guarantee that it would sound strange to see a headline, North Korean Steal Bitcoin From ETF?
Yeah, it's just too insecure to have much of it. And apart from the fact that a close friend of mine got a knife to his throat in his own house because someone wanted his bitcoin, you know, it's just, it's just, no, I don't care anymore. And I don't think it's going to a quarter of a million this time round in a hurry by Christmas, like someone there was saying, all that nonsense. I think it will go to 40,000 to 50,000 before it goes up. And it's a four-year cycle and we're only halfway through that four-year cycle and it will likely pull back. The only thing to stop that is the fact we might be going on a re-flationary run because there's a need for a lot more money supply because all the on-shoring and all the AI build out are intersecting and America is going to need a lot more money supply which is going to be inflationary. And the same thing goes for gold. I mean, I like gold more even though I'm not a buyer of it at the moment because I think it will continue. It hasn't bottomed out yet. But last time on the show I said, you know, dollar cost average, you know, why not?
I mean, I wouldn't, but why not at this level? And again, the beauty of a dollar cost average is that, you know, you bought it, you've got some, it's gone up, you're feeling a bit happy to come back down, you don't care, you buy some more. All right. So as a trade, I'd be sure if I don't go short and I don't like to trade anymore because I'm too old for that game. But you know, it's going to pull back. They pumped the money in because there was a start to be a shortage of money supply. You can see that the Fed is also pumping money in, Fed balance sheet is going up, right? So they pumped some money in, all that high beta assets goes, shooom! And then of course, they go up and then they go down. And then the rest of it goes into the market. And the market is where that injection has a much longer term pump effect. So there will be…

**David Lin** (3:59)
I just have this on my screen here, just to illustrate your point about hacking. The Chinese have been suspected by the Department of Justice and the FBI of hacking.