Sunday, January 3, 2021
My Latest 2021 Forecast for Bitcoin
Based on this chart, one forecast for Bitcoin is a price target of $220,000 sometime around August 14, 2021, approximately 240 days after December 17, 2020, when Bitcoin surpassed its all-time high of $20,000. This presumes an 11X return from the $20,000 breakout, based on previous breakout returns of 38X and 17X, respectively.
Another forecast is based on the halving schedule. Assuming a 15X return from the $8500 price on the May 11, 2020 halving, a price target of $127,500 will be reached by October 2021, about 17 months after the May 11, 2020 halving. A 15X return is presumed, as previous post-halvings returns were 96X and 31X in 2013 and 2017, respectively.
Thursday, December 31, 2020
Countdown to 2021: Top 10 Mainstream Bitcoin Video's of 2020
This is one of the best videos on Bitcoin for newbies to watch. You don't have to know all the details--you just have to know who's on the bus, and why they're on
M1 and M2 Data Merging
Minimum Wage vs. Gold Comparison
This is why too much money printing makes most people poorer. The dollar is getting destroyed and wages aren't keeping up.
Wednesday, December 30, 2020
Bitcoin Surges To New Record High Near $29k Amid "Liquidity Crisis"
Bitcoin is not in a bubble. Applying technical analysis and reading chart patterns alone on Bitcoin will bankrupt you.
https://www.zerohedge.com/crypto/bitcoin-surges-new-record-high-near-29k-amid-liquidity-crisis
Sunday, December 27, 2020
Former Fed Chair Burns Memo to President Ford
Governments manipulate markets--especially precious metals, to maintain power. Conspiracy theory? Think again.
http://www.gata.org/files/ArthurBurnsLetterToPresidentFord-June1975.pdf
Monday, December 14, 2020
Saturday, December 5, 2020
Why Does Bitcoin Have Value?
This is a great article on Bitcoin, much better than my attempt to explain it in 2013.
Friday, November 27, 2020
Falsifying Stock-to-Flow As a Model of Bitcoin Value
Eigenvalues are not proof-negative that the Bitcoin stock-to-flow model is legit. Translation: the price of Bitcoin will inevitably go higher over time.
https://medium.com/coinmonks/falsifying-stock-to-flow-as-a-model-of-bitcoin-value-b2d9e61f68af
Tuesday, November 24, 2020
Crypto will be useful but Bitcoin is hard to understand, says SoftBank CEO
In the Misdirection category, the title of these articles about the Softbank CEO implies that he is not a fan of Bitcoin. However, I have personally seen first-hand one of Softbank's huge Bitcoin mining farms. It's not in China, not in Japan, but in good ol' Texas (I cannot reveal the exact location). These mining farms cost north of $150 million to build. The data centers are clustered over 100 acres.
Friday, November 20, 2020
Sunday, November 15, 2020
Thursday, November 12, 2020
Wednesday, November 11, 2020
Wednesday, October 21, 2020
Multiple Banks are Bullish on Gold and Silver
Thursday, September 3, 2020
Jobs Friday (and Its Effect on Gold and Silver)
I posted this on September 1, 2017 regarding "jobs Friday." It's still relevant today, even as gold and silver plummet on the Thursday before Jobs Friday tomorrow.
My letter to clients:
I posted this two days ago on Facebook and LinkedIn, and it's a shared memory from September 1, 2017.