On April 18, 2016, it came to NIA’s attention that Bitcoin’s realized 30-day volatility had declined to only 15.8, which was below the realized 30-day volatility of gold. Since 2012, Bitcoin on average has traded with realized 30-day volatility that is 5.1X higher than the realized 30-day volatility of gold. It was shocking to see Bitcoin suddenly become less volatile than gold, so we immediately conducted an analysis to see if this had ever occurred before.
NIA determined that this previously occurred back on January 9, 2013, when Bitcoin’s volatility bottomed at exactly the same level of 15.8. At that time, Bitcoin was trading for only $13.77. On April 9, 2013, Bitcoin reached $230 for an unbelievably HUGE gain of 1,570% in only 90 days! By far, this was Bitcoin’s largest percentage gain during a 90-day period in its history!
NIA began to closely follow Bitcoin’s day-to-day trading on April 18, 2016, believing that its chart was forming a bullish pennant pattern. One month later on May 23, 2016, with Bitcoin trading for $442.87, NIA issued a report comparing global interest in Bitcoin to the performance of Gold.
NIA discovered that there was a strong correlation between a country’s Google search interest in Bitcoin and the year-over-year change in gold when priced in that country’s fiat currency. NIA showed how gold was beginning to breakout big in China due to a declining Chinese Yuan and predicted that this would cause Chinese investors to rush to buy Bitcoin in the following weeks.
Five days later on May 28, 2016, major Bitcoin buying in China caused Bitcoin to rally 11.65% in a single day – its largest single day gain of the previous nine months!
Over the previous 113 days, Bitcoin saw zero single day changes of 5% or more (in either direction), the only time this has ever happened in history. Since 2012, Bitcoin has averaged 17 single day changes of 5% or more, during each 113 day period.
The explosion in Chinese buying that began on May 28, 2016, caused Bitcoin to surpass its key breakout point at the top end of its Bullish Pennant Pattern. Immediately, NIA knew with 100% certainty that a much larger upward move was imminent. NIA officially suggested Bitcoin on May 30, 2016, at $531.36 and predicted it would reach a minimum of $675 within 60 days. Click here to see for yourself!
NIA was right, with Bitcoin soaring to a short-term peak on June 16, 2016, of $766.62 for a gain of 44.3% in only 17 days!
In December 2016, NIA was determined to discover a safe Bitcoin stock that would be a 100% sure thing to make tremendous gains in 2017. NIA announced GoldMoney (TSX: XAU) at $2.98 per share as its #1 Bitcoin stock suggestion for 2017. Although XAU wasn’t yet an official Bitcoin play, NIA predicted that it would enter the Bitcoin business at some point in 2017 and would immediately rise afterwards to well above $5 per share.
On September 28, XAU unveiled the addition of vaulted Bitcoin and Ethereum as secure and fully-reserved offline investable assets within the Goldmoney® Holding, a major enhancement that allows qualified clients to buy, sell, and exchange cryptocurrencies with nine global currencies as well as gold, silver, platinum and palladium bullion. NIA accurately predicted this nine months ago when it made XAU its #1 Bitcoin pick for the new year – calling it a sure thing to rise to well above $5 per share! This week, NIA’s 2017 XAU price prediction came true when it hit a new 52-week high of $5.93 per share for a gain of 99% from NIA’s suggestion at $2.98 per share!
It is important to understand that Bitcoin represents the first generation of Blockchain technology. Ethereum, which NIA suggested on March 3, 2017, at $18.50 before it gained 2,100% to a June 6, 2017 record high of $407.10, represents the second generation of Blockchain technology.
BTL Group (TSXV: BTL)’s Interbit platform represents the third generation of Blockchain technology and solves the two key challenges that second generation blockchain technology faces in order to make it relevant to the enterprise: scalability and privacy. BTL’s underlying Interbit Hypervisor architecture is designed to enable “chain-connecting” where thousands of blockchains per server can operate and connect efficiently with one another, with throughput rates in the hundreds of thousands of transactions per second – while maintaining privacy where required!
BTL this week filed patents on Interbit, after successfully demonstrating how it can innovate and transform existing business processes for leading companies in the finance, energy and gaming sectors. Via its suite of APIs and smart contracts, Interbit allows businesses around the world to improve efficiency in trading and operations, accelerate development of internal systems, and embrace new revenue generating opportunities, while providing the high levels of security, resilience and auditability required in regulated enterprise environments.
BTL recently launched its Beta version of Interbit and is currently in a go-to production phase – and working closely with its multi-billion dollar energy clients to deliver Interbit into a live environment as a product that will leapfrog all existing blockchain technologies!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from a third-party of $20,000 cash to cover BTL. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.