Data analysis expert: In 2018, the price of Bitcoin will reach three times the price of gold and exceed $13,000

Later this year, banks will be in a big crisis: derivatives will plummet, silver has a better outlook, and within a year the price of Bitcoin will be 3倍of gold (one ounce), said Clif High, an expert in online data mining, after analyzing the data.

In an interview with Greg Hunter, he said that the price of Bitcoin will exceed 13,000美元by then.

Banking crisis

High is the creator of the famous computer prediction program Web bot (which predicts the future through data analysis and has successfully predicted global events such as 911). The data he collected shows that the derivatives crash crisis that some banks are about to face may be a regional event, not a global crisis.

He suggested that when some banks are in trouble, people will not be spared because they cannot withdraw their cash, and that these banks may not be able to get out of this "bad situation".

Silver has a better outlook

He did not specify whether the bank crisis was related to the rise in silver prices. He only mentioned that silver will become an important component of some complex technologies in the next few years. Therefore, the price of silver will continue to rise before 2022.

He said there might be attempts to suppress its price at first, but they would not be able to prevent a big explosion in October this year because by then silver would be closely tied to the research and development of the responsible technology.

Bitcoin explodes after 2019

If High’s predictions for Bitcoin are correct (and they usually are), we could see prices break $13,000 by March 2018.

Speaking of gold prices, High said that the price of one ounce of gold is likely to reach $4,800 by March next year, and then fall by $300. He added:

Data shows that when the price of gold drops by $300, it is exactly one-third of the price of Bitcoin.

Therefore, we can conclude that the price of the currency will remain between 13,000 and 14,000 US dollars before March next year.

The price of Bitcoin is always on the rise. It will explode after 2019.

He also believes that at some point in time, the price of a single Bitcoin will be equal to the price of 1,000 ounces of gold.