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Researcher Sees Major Gains Ahead For Bitcoin, Silver And Gold

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Bitcoin’s recent price swings will seem inconsequential in a few years if the predictions of one researcher come true.

Clif High, a self-described expert on “predictive linguistics,” expects bitcoin, silver and gold to soar in value (live price charts) as part of major political and economic changes taking place in the United States.

High offered his views during a recent Youtube interview with reporter Greg Hunter, host of the website usawatchdog.com. (According to the website, Hunter worked for ABC News and Good Morning America for nearly six years and recently worked for CNN for American Morning, Paula Zahn Now and various business shows.)

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Hunter introduced High as a data mining expert who now specializes in predictive linguistics. High is also former Microsoft contractor who fixed software.

(According to High’s website, halfpasthuman.com, predictive linguistics “is the process of using computer software to aggregate vast amounts of written text from the Internet by categories delineated by emotional content of the words and using the result to make forecasts based on the emotional ‘tone’ changes within the larger population.”)

Rebelling Against The ‘Deep State’

High believes Americans have been living under the control of what he called the “Deep State” which introduced political correctness. He believes the Trump election marks a rebellion against the Deep State, a movement that takes various forms, including a new economic order in which gold, silver and bitcoin will dominate.

High claims he has data indicating dramatic price movements for bitcoin, gold and silver. His data also indicates all sorts of chaos starting in the middle of March.

Bitcoin And Silver Rise

“We passed a major temporal milestone, which is bitcoin in crossing over the value of gold in U.S. dollar terms,” he said.

“Silver’s got a very interesting future ahead of us. For a number of years, it’s going to be increasingly a key component of increasing complex hyper technologies,” he said. “And so the actual growth rate –the emotional attachment to silver escalates as we go forward, even out until 2022.”

The rise will be unstoppable because of technology. “The desperate need for silver will become dramatically evident to people all around the planet,” he said.

High said there will be a great silver “dishoarding” in 2018 and 2019 in many Western nations where governments and corporations seeking to make a profit will send people out to purchase silver in any form they can find.

He said silver has two naturally occurring stable isotopes. “What we’re going to discover, according to our data, is that with silver we can create a state that’s between those two stable isotopes” that will create a number of fantastic properties, he stated.

The price of silver will at least be as high as $600 an ounce. It will approach a parity with gold and be too expensive to use as money. “It’ll become a hyper, rare, pretty much industrial chemical, only over these next few years,” High said.

Silver mining will become a very lucrative field due to new technology

Gold will be one third the value of bitcoin by March of next year, High predicted. By then, silver will be well over $1,000 an ounce.

People hoarding silver will create fortunes that will last several generations.

Bitcoin, he said, will be $13,008 per ounce of gold by next February.

Bitoin’ Spike To Begin In 2019

“Bitcoin is simply escalating,” High said. “It doesn’t explode until 2019.”

Bitcoin and gold have had similar attributes, he noted. However, there is one bitcoin available for every 1,000 ounces of gold. He reminded Hunter that there is a finite limit of 21 million bitcoins.

“Thereafter in the bitcoin community is where things get really interesting for us,” he said.

“When the bitcoins are all mined, then it becomes very interesting because then you can actually do things with the money so to speak, and the wealth.” Such things can’t be done now since the focus now is on creating the next bitcoin “as opposed to shoving more value further down, so to speak, in ‘decibits’ and ‘millibits.’”

“Bitcoin is at an arc where it is continually going to go up,” Hunter said.

Banks, meanwhile, will face a major derivative bust. There will be large regional bank failures. When the banks fail, people will not have access to their money. The banks will divest divisions to protect their solvency.

Changing Political Order At Hand

There is emotional chaos on a political level insofar as the dying political elite are concerned, High said. The “elites” are isolated and believe there are millions of people who think as they do and are itching to rise up against the “tyrannical” Trump.

“We’re at the crest and we’re getting ready to stand right up on the board,” he said of the Trump rally. “We have committed ourselves, emotionally, at a generational level, to change. Real change.”

Also read: Will bitcoin reach an all time high?

Trump Rally Will Continue

“The Trump rally is going to keep on going for several years,” he said.

Trump isn’t creating the change; he is its symbol. “He grasps the emotional intensity values of the moment, and he’s surfing them,” High said. “And he’s a very good time surfer.”

“In my view, the Trump rally can be best expressed in the rising price of bitcoin,”

He said Trump has caught a wave of change and “Trump is a very good surfer.” “The Trump rally, in terms of his popularity, will keep rising,” he said. He doesn’t expect Trump to be removed from office.

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Fidelity Investments is Mining Cryptocurrency

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Fidelity Investments is a multi-billion dollar brokerage  that just so happens to be mining cryptocurrency. In fact, it has been at it for three years, using its own computers to harvest bitcoin and Ethereum.

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Profitable Experiment

CEO Abby Johnson recently told Fortune that its U.S.-based mining operation is “making a lot of money.” This comes despite running a relatively modest operation.

Hadley Stern, Senior VP of Fidelity Labs, described his company’s venture as an “experiment.”

The real reason we began mining, and still do, is to learn how the network works, how consensus works, how difficulty levels work,” he said in reference to the mining process.

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The key to profitability has been the dramatic rise in cryptocurrency over the past year. Bitcoin and Ethereum are the world’s No. 1 and 2 cryptocurrencies by market capitalization, and no-one else comes close.

Well Ahead of the Pack

The fact that Fidelity has been at this for three years speaks volumes about the company. Other, much bigger players are still dipping their toes in the market, but are unsure about how to proceed. Goldman Sachs is reportedly on the fence about starting a cryptocurrency trading operation, while J.P. Morgan has already begun handling customer orders for bitcoin-based instruments.

Fidelity is doing a lot more than just mining tokens. Earlier this year, it reached an agreement with Coinbase to let customers view cryptocurrency prices alongside other assets on their Fidelity homepage.

Coinbase is the world’s most funded cryptocurrency exchange with more than 7.4 million users.

Cryptocurrency Prices

The cryptocurrency market ended the week on a firm note, with bitcoin (BTC/USD) reaching a session high of $4,425.00. At press time, the index was up 1.6% at $4,368.

Ether is also trading higher against the dollar, with the ETH/USD rallying more than 3% to $305.

Ripple (XRP) lost momentum on Friday, but still managed a weekly gain of 21%.

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Chinese Government Eyeing Fresh Bitcoin Legislation?

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The Chinese government could roll out fresh cryptocurrency regulation in the coming months permitting licensed brokers to operate, based on recent information from Xinhua.

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The state-owned news publication recently revealed that the government is mostly concerned with stamping out illegal activity involving bitcoin and other cryptos. Government authorities could be planning to regulate the market by creating a licensing program with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems.

The Case for AML

The need for KYC/AML protocols has long been raised by cryptocurrency proponents, especially in reference to initial coin offerings (ICOs). In response, the blockchain community has come together to create the Simple Agreement for Future Tokens (SAFT). The SAFT is both an instrument and open-source framework for token sales that vets accredited investors.

SAFT activity is quickly gaining traction, with the likes of Gizer recently issuing a presale of its ICO through SAFTLaunch.

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SAFT was officially created by Protocol Labs in close collaboration with AngelList and Cooley.

China’s Stance Looms Large for Cryptocurrency Market

Although digital assets have recovered from the China-induced flash crash of September, favorable regulations on the mainland could mean big business for bitcoin exchanges. Prior to the ban on ICOs and bitcoin brokers, Chinese investors were responsible for a quarter of all BTC trades.

According to Xinhua, China is likely to pursue a licensing program similar to Japan, a country that recently approved 11 cryptocurrency exchanges. CnLedger, a leading source of cryptocurrency news in China, recently had this to say:

“Xinhua News, official press agency of CN: Virtual currencies have become the top choices of underground economies. We shall adopt ‘0-tolerance policies’ towards crimes hidden underneath and take measures such as record-keeping, licensing, AML processes, real-name, limiting large transactions.”

Is China’s cryptocurrency ban temporary? It certainly looks that way. Regulators must already know that the ban hasn’t stopped mainland investors from buying cryptocurrencies next door in Hong Kong or Singapore. A saner approach to an all-out blanket ban is a tighter regulatory framework that will stamp out money laundering and other underground activities.

«Featured image from Shutterstock.»

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Tim Draper Has Made Over $110 Million Since 2014 With his Bitcoin Investment

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Tim Draper, the billionaire technology investor and prominent venture capitalist who has invested in some of the most successful technology startups in the likes of Coinbase, Patreon, SpaceX, Tesla, Box, FourSquare, has profited over $110 million from his investment in bitcoin less than three years ago.

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In 2014, Draper participated in the auction of 144,336 bitcoins by the US government and the US Justice Department, which were seized during the investigation into Silk Road, a dark web marketplace. Draper was granted the permission to purchase a batch of 30,000 at around $600 from the US government.

Upon securing 30,000 bitcoins, Draper told Fox Business:

“[I’m] very excited about bitcoin and what it can do for the world. Bitcoin is as big a transformation to the finance and commerce industry as the internet was for information and communications. If bitcoin were here in 2008, it would be a stability source for our world economy. Everybody should go out there and buy a bitcoin. Every investor who’s a fiduciary should at least be partially involved in bitcoin because it’s a hedge against all the other currencies. There’s a whole ecosystem being built that’s going to make commerce much easier with much less friction and safer.”

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Today, Draper’s 30,000 bitcoins are worth $129.9 million. Considering that Draper had spent $19 million purchasing the batch of 30,000 bitcoins in 2014, Draper has recorded a profit of over $110 million in less than three years.

While Draper held onto his investment in bitcoin, the US Justice Department was quick all of the 144,336 bitcoins seized during the Silk Road operation. According to various sources, the US government sold the majority of its 144,336 bitcoins at a price of $336, at $48 million. If the US government had sold its bitcoins in 2017, it would have generated an additional profit of around $573 million, as 144,336 bitcoins at today’s bitcoin price of $4,330 are worth $624.9 million.

Bitcoin price was below $350 in 2014. Today, it is over $4,330.

Since 2014, in addition to purchasing tens of thousands of bitcoins, Draper has funded some of the most successful bitcoin companies in the cryptocurrency market including Coinbase and Korbit. Earlier this year, Coinbase secured a $100 million investment at a $1.6 billion valuation, while Korbit was acquired by the parent company of a $10 billion gaming company in Nexon at a $140 million valuation.

Furthermore, Draper has not sold his stake in Coinbase and earlier this year, Brian Armstrong, the CEO of Coinbase, revealed that Coinbase is still at an early stage in terms of developing and scaling. Armstrong noted that it will evolve into the safest and most trusted exchange in the global market.

“Digital currencies are having their ‘Netscape’ moment. The pace of innovation has been accelerating and we are now seeing exciting projects and companies being built on top of digital currencies. We’re beginning to transition into phase three of our secret master plan. Our goal is to be the safest, most trusted and compliant, and easiest to use. Not the first to market with new assets. Especially at scale, it takes time to ensure any new asset we add is well tested and secure,” said Armstrong.

Coinbase is also one of the two exchanges in the US market apart from Gemini that is targeting institutional and retail investors by providing sufficient liquidity. As Coinbase and its flagship cryptocurrency trading platform GDAX continue evolve, Draper will position himself at the forefront of cryptocurrency innovation and disruption.

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