Receive all Cointelegraph news immediately in Telegram.
Clif High, who is known with his accurate predictions about Bitcoin, says we should see a $13,000+ Bitcoin price by March 2018, with gold being a third of it, and silver on pair with gold.
Bitcoin price analysis
Bitcoin, Bitcoin Price, Gold, Silver
Banks are going to get into big trouble later this year which is going to expose a gigantic derivative bust, silver has a good future ahead and Bitcoin price would triple the price of an ounce of gold - which is expected to reach $4,800 - by March next year, according to the latest data sets from Clif High.
Based on this estimate, one Bitcoin could be worth more than $13,000 by then, he says in the interview he recently had with Greg Hunter.
Clif High, who has gradually become a known name for the projection from his Web bots, says his data shows that the derivative that some banks would soon experience would be regional troubles rather than a global bust.
He says in the video:
“It would be a large failure, say, in a northern Italian bank then the derivative associated with that bank ripples over to Deutsche Bank and maybe they are able to contain it a little bit and so everybody breathes a sigh of relief. Then it breaks out in Texas and a bunch of regional banks in Texas shuts down and there is pressure on some fracking whales and they get it contained with a little bit of credit infusion from somewhere else. Then it spreads to California and up to Asia and the next thing you know it is back in Europe. So we’ll be fighting this basically derivative disease as it pops up here and there. That’s going to be the modus operandi for the banks for the rest of this year.”
“He hints that a lot of people are going to get caught up in the situation when some of these banks go down because they won’t have access to their cash. Also, some of these banks are not likely to recover from the “nasty situation.”
He didn’t say if there would be a correlation between the failure of banks and the projected rise in the price of silver. However, he notes that for a number of years, silver is going to be an increasingly key component of the increasing complex hyper-technologies. This will be as a result of the escalation in the actual growth rate of emotional attachment to silver between this year - when the metal is expected to break out and create a shift in its price manipulation - and 2022.
They will try to suppress it to contain it in the first instance, he adds, but they won’t be able to contain the next breakout coming towards the end of the year (October) because of what would be coming out as relative to technology by the time.
“The situation will encourage rampant hoarding in silver in 2018 and 2019 in many western countries and its price will escalate rapidly towards achieving parity with gold and become too expensive to be used as money. For gold, he says the next number according to his data sets is $4800 per ounce with a projected timeline of March 2018.”
If what Clif High, who is considered quite accurate with his predictions about Bitcoin, says about the digital currency is anything to go by, then we should see a $13,000+ Bitcoin by March 2018.
Speaking of the price of gold in the interview with Hunter, High says an ounce of gold would reach $4800 net by March to drop down by about $300. He adds:
“The data shows that when it’s dropped to that point, just curiously, it happens to match for a brief period of time exactly one-third of the price of Bitcoin when gold does that deepen and it’s back up again.”
That gives us about a price range of between $13,000 and $14,000.
“Bitcoin is simply escalating. It doesn’t explode until 2019,” he adds with a submission that at some point, there will be one Bitcoin available for every thousand ounces of gold.
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
One fine body…
Thank you for contacting us! We will reply to you as soon as possible.
Thank you for your interest in our franchise program.
We are considering your request and will contact you in due course. If you have any further queries, please contact:
Reset letter sent.
Please checkout your mailbox for password reset details