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Cryptocurrencies Can be Profitable for Nimble Investors

June 5, 2017 - 5:18pm

David Morgan is best known for his commentary on precious metals, particularly silver, but as he’s emphasized in the past, The Morgan Report covers a wide array of commodities and investment opportunities. At the recent International Metal Writers Conference, he proved that point with a presentation that covered precious metals and the blockchain.

“[Cryptocurrencies are] the hottest thing going,” he told the Investing News Network after his talk. “And the volumes are increasing, which means it’s sustainable. So it’s high, and as quickly as it’s rising, I expect to see it continue for some time.”

Personally, Morgan isn’t currently interested in getting into the cryptocurrencies market, but he said that doesn’t mean it’s a bad place for investors to be. “I’m free market. I think if anyone wants to be into cryptocurrencies, have at it — I think if you’re nimble you can get into almost any of them and make money,” he said, adding, “I would just caution people to use a free trade, which means once you double your money take your original capital out and let the rest ride.”

Watch the video above to hear why Morgan thinks gold and the blockchain could eventually be used together, and to learn which commodities he currently has his eye on.


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About David Morgan / Commentary Author

Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created Silver-Investor.com

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