‘Commodities King’ Dennis Gartman Predicts Bitcoin Price Drop to $5,000, Then Implode

Dennis Gartman, the editor and publisher of The Gartman Letter, who has also been called the “commodities king,” continues to call bitcoin one of the silliest ideas he has heard in a long time, a position he expressed on CNBC’s “Futures Now.” He said he expects the bitcoin market will fall when its value drops to $5,000. He has criticized bitcoin for having no intrinsic value, and he recently said it makes the tulip bubble in 17th century Holland that sent the Dutch into a frenzy look almost like a…

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