So after taking a good look around i thought it was time to give people my thought once again.
As you may or may not know, my track record for predicting bitcoin prices in the past has been really close to spot on, in fact feel free to look at my old posts, check out the dates and where i said prices would be. For a volatile commodity i have done pretty darn well. I credit this mainly due to three factors.
- I have almost no bitcoin.
- I have been watching stock markets for 35 years or more. Yes i started around 8 years old.
- I also keep up to date on foreign policy and have a good idea what is going on globally.
Having said that, here is what i see. We have a fork coming soon in bitcoin which will help prices a bit, volume lately is pretty good. Dow is at 29,000 with 30,000 not to far away, so i am expecting a selloff on stocks. there are 2 places to put your money bitcoin and gold, both will see a fair increase over the next 2 months. However bitcoins main problem is the the infrastructure in place to make it useful on everyday purchases. It also will not help that when the fork happens the price to mine will be very unattractive. Lowering overall interest just a bit. Of course that is what will help raise the price just a bit. But only to a small degree. So here is my call for the last day of march.
Bitcoin - 9,500 to 10,200 USD
Gold - 1,600- 1,650 USD
Please if you have anything to say, speak up below, i will listen to you and love any new information i can get.
