Information technology management is the process of managing all resources related to information technology. This includes real resources (people, computers, and network hardware) and intangible resources (data and software). The main goal is to produce value through the use of technology. Thus, the management process requires business strategies and technology to be aligned. There are many basic functions and other unique functions. Basic functions include management as an example of organizing, staffing, budgeting, and control. The unique functions include change management, network planning, software development, and technical support. Generally, organizations use IT are used to support, complement, and the center of their business.
What is in information technology management?
Information technology management is a fast-growing field where many companies need it. This is because technology management is able to improve their technology. People who work with computers and communicate with others are suitable to work in this field. Students need to prepare an appropriate educational background, database administration, and network management if they want to work in the field of computer science and business. Both fields are highly dependent on competitive and efficient computer technology. The following are important things or factors to prepare before working in the IT field:
1. Education Information
Prospective applicants have at least a bachelor’s degree in their field. In this level of education, they have been able to apply their computer science skills to the business world. They also learn to work in teams when developing, maintaining, and improving computer systems.
2. Long-distance learning option
Many colleges and universities have offered online degree programs. Some also provide free online courses without giving an undergraduate level. Some fields provide only learning:
a. Bachelor of Online Science in Information Technology
b. Bachelor of Online Technical Management
c. Master of Science in Information Technology: Online Degree
d. Online Technology Management Degree
3. Career Alternative
It is no secret anymore if there are many types of jobs from the information technology management. In fact, many companies dare to offer very high salaries to their employees. They can also rise from low to higher positions. However, these promotions usually require certain conditions such as several years of professional IT experience.
4. Employment Information
US Bureau of Labor Statistics (BLS) states that the work in the computer field will continue to grow and develop in the future (www.bls.gov). Many companies are looking for skilled individuals to meet their technological needs. BLS predicts that this type of work will grow 15% from 2012-2022 and faster than the average of all national jobs. These managers also accept an average annual salary of $ 132,570 in May 2013.
So, what should you do now? Of course, you must be an information technology professional who has good quality. Moreover, there are always staffing recruits from many companies every year. Like in the US, companies ask for qualified information technology professionals. Having an information technology management degree has become a good start for your career. That is because you get a lot of knowledge and training in multi-faceted programs. With this provision, you even have more than one chance or position. Now, do what you should do with taking a course or join to college.
Director of information technology is the highest position for the job in business or organization. They are very responsible for technology for more than one aspects. Sometimes, someone in this position will collaborate with the CIO. Even though, both keep having large differentiation where and IT director works with the technology directly. On the contrary, CIO more focuses on temporary technology strategic. The director, typically, oversees the deployment of services and new systems. It also controls the IT vendor contract and the initiative and policies development. However, the director may report directly to the CIO.
About Director of Information Technology
Most of the companies own at least one director of information technology. The responsibilities include eliminating security risks, increasing user satisfaction, and many else. Here, you will see how a director is. This article will give you imagination responsibility, candidacy requirement, future, and the rest.
This position has more than one title such as IT and Senior IT Director.
2. Peers and Reporting
A director asks for resource report, providing the update, and report directly to CIO. A director of a technology answer these questions:
a) Are individual IT teams reach their goals?
b) Are the teams own issues bringing?
c) Are other departments supporting the IT department by providing the necessary support, infrastructure, resources, etc.?
3. Responsible and Roles
Responsibilities and roles come to vary greatly depending on the size of the organization and the scope within the enterprise. The job itself will give a good impact to the organization. The industry will have an impact on government, healthcare, education, and nonprofit sectors. Here is the responsibility of Director in the IT field:
a) Overseeing and Developing SMART metrics for software, hardware, and storage
b) Ensuring the strategic capacity planning
c) Managing part or all of the IT department and supervising some employees, handling employee concerns, hiring certain members, and performance directly
d) Communicating with the team and other departments as collaboration necessary
e) Determining IT business systems requirements
f) Coordinating IT activities to ensure network services and data availability
g) Overseeing departmental finances such as budgeting and forecasting
h) Implementing policies and reporting it back to the C-suite level
i) Eliminating them with strategic solutions and Identifying security vulnerabilities
j) Support and directing new software and hardware implementation
k) Identifying and recommending the new technology solutions
l) Managing the organization’s help desk such as external, internal, or both
General requirements for a director of information technology position:
a) A BS in computer science, c programming, computer engineering, etc.
b) Several years’ experience: manage employees properly within an IT environment
c) Several years’ experience: working certain relevant systems to the company. For instance; EMR/EHR systems in healthcare technology
5. Job Outlook
According to the Bureau of Labor Statistics (BLS) in the US, the demand for this job will grow 15% by 2024. This increased demand for such candidates because they need to implement the growth goals. Further, it is because of the cyber threats increase and the IT teams must spend more time to bolster their cybersecurity (protocols and practices). The BLS predicts that the cybersecurity requirement gives effect to the insurance, healthcare and so on.
Well, that is a bit knowledge about the director of information technology. Wish this article becomes your best reference.
Have you ever heard the term of vanguard information technology ETF? Or, is it the first time for you? If this question is right for you, don’t worry! We are going to help you to share an interesting knowledge about it. Essentially, it is like a fund of exchange-traded which is integrated in the USA. This ETF follows the presentation of MSCI US Investable Market Information Technology Index which has the stocks of technology in all cap sizes.
Then, for investments, they are concentrated in the US. They just focus on three parts which are the computer, software, and also the internet companies. As a result, the information technology of vanguard is ETF which has low cost and provides a large variety of tech stocks. They are available for the investors and it also includes the subsector of the industry.
The considerations in selecting vanguard information technology ETF
In selecting the vanguard information technology ETF, you have to pay attention to these following considerations. Why should it be like that? Yeah, it can help you in deciding it which is appropriate to use or not. Are you curious about them? Here are they:
1. The objectiveness
The first consideration that you should know is the objectiveness of vanguard information technology. The investment objective of it is to follow the presentation or act of the MSCI in the US. Then, there is the Investable Market Information Technology 25/50 Index which includes the tech stocks. They are classified into three main parts which are the hardware and equipment, the software and services, also the semiconductors.
2. The allocation of assets
Then, vanguard information technology ETF has a distinction which is high level. In fact, it across the tech industry subsectors. In relation to the assets, the services and the internet software become the fifth of the fund’s assets. For the systems software, the technology hardware, the data processing services, and the semiconductors have the allocations. Each of them has between 11% up to 17%.
3. The cost
The vanguard information technology accuses only 0.10% on the yearly basis. Then, for the costs, they are currently about $140. Please remember that there is no lowest investment in order to buy shares in your account of the brokerage. However, the account holders of the vanguard brokerage can buy shares with no commissions. On the other hand, other brokers have the commissions which can add the fee in order to buy and sell the ETF.
4. The income from paying the shareholders
It is better for you to know that vanguard information technology ETF is only 1.2% for the current SEC defined yield. In addition, the ETF creates some allocations on a quarterly basis which the total amounts are varying. It is based on how much income from the fund which accumulates from the holdings.
5. Appropriate for you
Greatly, the vanguard information technology has finished an excellent work in giving the exposure of the shareholders to the tech industry. Hence, it becomes the last consideration in choosing what the vanguard information technology is appropriate for you or not.
Those are five considerations in selecting the vanguard information technology ETF. Hopefully, it can be very useful to you.
There are many Information technology services (ITS) in the world one of them is from Pakistan. Pakistan is a country in South Asian boundaries with India, Afghanistan, Iran, and the Arabian Sea. The country with has many uniqueness also has a cool building to serves people relate to the information technology. By the way, the office stands at C-32, Block -1(A), Gulistan-e-Johar, Karachi, Pakistan. They provide lots of services for all customers thoroughly the world.
5 Featured Product Information Technology Service
Information Technology Service in Pakistan has established since 2001 under the professional teams. They are very professional toward web development, publication, and event management. Additionally, the company also own quality services and successfully in operating various projects.
The vision of the company provides publishing, conference management, and digital marketing services. ITS company believes that the vision will work during they uphold the highest standards of work ethics. Then, they practice and undergo the duty exceeding the expectations of the customers.
Providing the best service to customers is the mission of this company. They will do it with honesty, perseverance and high dedication. At the same time, the company provides the best work environment for employees. So, they are able to work professionally both individually and in groups. In addition, a good working atmosphere creates a feeling of happiness and they can grow and develop together.
Below are the products or services of the company:
1. XML Conversion
The company from Pakistan is famous for the best service of XML Conversion to the R& D organization and the major publishers around the world. The focus on improving the efficiency and affordability in delivering high-quality XML services. XML conversion from the company has the high standard solution. It transforms database and document to fulfill the customer’s need really both today and the future.
Main Benefits of I.T.S XML Conversion Services:
a) Database Preservation and Maximum Accuracy
b) Significant Cost Savings
c) Minimum Turnaround Time
d) Innovative and Customized Solutions
e) Optimum Security of Information
f) Increased Flexibility
2. Proof Reading
Generally, the function of proofreading catch any glaring errors. The Expert proofreaders from I.T.S really help to give a professional image to a piece of writing.
3. Copy Editing
The presence of the copy editing helps the writers to improve readability, accuracy, and coherency of the text. By the way, the duty of copy editing relies on the content.
4. Graphics Enhancement
An article with illegible, bad quality or fuzzy form is the same with suicide. Giving the authenticity, diagram, figure, to research is very essential.
5. Graphic Design
The products of graphic design from the information technology services are various. Lots of designs such as the brochure, flyer, logo, poster, business card, advertisement, and presentation folder. Besides that, there are catalog/ booklet design, book cover, website layout, and banner animation.
The information technology services from Pakistan has many products of high quality. Alongside those 5 points, the company still saves some. You can buy Printing, Web development, Composition, E-publication, Post-publication, and Event Management. It turns out a small country with two cultures is able to show a modernity to help the people in the world.
Be happy and thankful because you choose the right major in your study. There are a lot of company waiting for your graduation and fill their office soon. Entry-level information technology jobs have an easy job desk but it requires you to face the computer screen longer. Nonetheless, many people dream of this job so that you have many rivals later. To avoid a bad event, you better search many companies from now. So, you will be more ready to send the application or they perhaps will hire you before graduation. Below are the levels of the entry jobs as your reference.
8 Entry Level Information technology Jobs with the Salary
Here are 8 entry-level information technology jobs include the payment:
1. Software Engineer I
You have a team usually to design computer software applications and develop it. You along with your team will be key stakeholders for each company/organization. Then, you became the channeling your inner coding power to analyze to the user. By the way, the average software engineer I salary is $ 54,876 in 2010. It means you have a bigger salary payment now.
2. Network Specialist
As a network specialist, you must understand how to implement computer networks and record problems. Some companies may ask you to get network certification, such as Cisco and Microsoft. The average salary for the network specialist starts from $ 52.616.
3. IT Specialist
The entry level for the IT specialist, in fact, has large meaning. It consists of the technology, security or system analysis, operation system, data management, and the customer support. You will responsible to make sure that all systems run properly. You will get the average salary about S 51,754 in 2010.
4. Junior Administrator System
Your duty as the entry-level information technology job is a lot enough. It covers helping the current organization or company in maintaining and improving their computer systems. The payment for the junior administrator system is about $46.246.
5. Postdoctoral Research Assistant
Your job is helping a Ph.D. with their research where it will be the first step to be a doctor. Therefore, the job is suitable for people who want to continue their tertiary education. The salary of the job is about $ 43.613.
6. Computer Support Specialist
It has the salary in 2015 between $28.980 and $47.660 per year. You quite evaluate the network, maintain and solve the problem. You also must control and repair the computer device. Besides that, you will train them to use the hardware, software, and the new computer device.
7. Cellular application development
The average salary is $ 57,340 up to $98.260 per year in 2015. The responsible is designing and adjusts the computer application software to the user’s necessary. You must responsible for the coding, testing, and debugging. Even, you must monitor existing software applications and ensure they are running correctly.
8. Web Development
The average payment in 2015 is $ 34.770- $ 64.970 per year. Your job desk helps to design and build the website. You also test application for websites and write codes. Together with other team members, you must determine the layout, audio, graphics, and monitor web site traffics.
Those are the specification of the entry-level information technology jobs for you. Such as you know, IT system has large coverage and it is easy to get the job.
Gabe: Today, we’re going to check out the original Blink camera and its somewhat bigger, definitely badder cousin, the Blink XT. Let’s check them out. [music] Gabe: Hey everybody, this is Gabe at Security Baron. Today we’re going to look at the Blink and its bigger, badder cousin, the Blink XT. Blink was acquired by Amazon in the past year for this HD video technology.
Before we can get into that, we’ve got to unbox. [music] Gabe: For today’s review, I want to go over a few things. The way we’re going to structure it is talk about what these have in common and what they do separately, and then come back to say what they do well together. Let’s begin with the actual cameras themselves. Each of these cameras actually feels pretty weighty in my hands despite the plastic encasing.
They’re about 3.3 inches across. The Blink XT is a little bit bigger. They each come with these sync modules.
However, you just need one sync module to run up to 10 cameras.
Both of these cameras come with at least 720 high-definition video, a microphone, free cloud storage, Amazon Alexa integration, and the famed battery life. The best way for us to go about talking about the distinctions between the XT and the original Blink camera is to go through Security Baron’s necessary features. A good security camera should have stellar video, two-way audio, night vision, local and cloud storage, a great value, smart platform integration, artificial intelligence with facial recognition, and a convenience factor. To begin with, let’s start with the Blink. The original Blink camera goes for about $100 online, which I overall think is a pretty great value considering that you can just put two cheap AA lithium batteries inside and it will go for two years without having to think about it.
The Blink has 720 resolution, which honestly we’ve seen a lot better in a lot of other cameras that we reviewed here on our site.
That’s minus in terms of what kind of features they have. Secondly, you have the audio is only one-way. One-way audio, after we’ve seen so many two-way audio cameras, is a little disappointing. Additionally, the original Blink only comes with illuminated night vision, not infrared.
The thing that I think it really lacks in terms of what we’re looking for in today’s market is a smart platform integration. While you can set it up with Amazon Alexa, or even use some IFTTT, and set it up with your Google Home, the functions are pretty limited.
You can basically schedule an arming or disarming, but you can only do it for the whole system together. When you try to do one independently, it won’t work. I can’t have a Blink camera set up in my living room differently from my bedroom or kitchen versus outside.
That’s a bit annoying because I think this really stems from their issues with no artificial intelligence and no facial recognition. These are two other Security Baron necessary features that I don’t find in the original Blink camera. Now, it was very convenient to set up. All I had to do was take about 30 minutes, unpack everything, download the app, and I was ready to go.
Let’s talk about these necessary features in relationship to the Blink XT.
The Blink XT actually can be configured up to 1080p which should be the bare minimum for any security camera out in the market these days. Additionally, it has only one-way audio which is the same issue that we have with the original Blink. It does have a better night vision because it has actual infrared capacity, but it has the same cloud storage options as the original Blink camera.
In terms of value, for about $20 more generally than what you pay for the Blink original camera, you get the weatherproof Blink XT that has 1080p video. In terms of smart platform integration or convenience, or anything like that, they’re essentially the same.
In terms of value, I think this is the better value because you can place it anywhere, get a better video, and get better night vision. I want to talk about some of the things I really like about the Blink security cameras. For one, the two years of battery life with just two AA lithium batteries for the Blink Indoor is great. It allows me to set up this little camera and forget about it. Also, the set up itself was very easy.
I synced the module to my router and was ready to go within 15 minutes. While the Blink works for two years on two lithium A batteries, the Blink XT reports of the same thing. We’re reading so many reports that it actually will die within two, three or four months.
If I’m going out in the snow or any other elements, I have to change the battery that I expected to work for two years, I’m going to be a little bit annoyed. On top of that, when I want to watch the video on the Blink or the Blink XT, I have to continuously press on the app to maintain the live stream.
It’s almost like Netflix saying, “Are you still watching?” That’s really annoying because I want to be able to, like most of my cameras, tap on the app and watch the live stream for as long as I want without having to continuously think about the fact that I’m watching a live stream.
Another issue that each of them has is that there’s only 110 degrees of viewing angle. It’s not going to capture everything that’s happening in any given space. Many of the cameras that we’ve reviewed so far have 120 or 130 degrees, or they can even pan.
The fact that this is only 110-degree viewing angle is a real issue for us. Otherwise, I really enjoyed working with these cameras, but those are some things to think about when you’re buying the Blink and the Blink XT. I wanted to end today talking about how you can set up the Blink system in your home to feel secure. With one sync module, you can put up to 10 cameras and you can mix and match between the XT and the original Blink camera.
The Blink has motion detection, scheduled arming, all of things that you would want in terms of feeling safe and that you know what’s going on in your home.
We should mention that it will only send you a push notification after it begins recording when motion detection is sent off. You can expect it to be instant from the moment someone walks in your home. It’s going to start recording and then send you a message. Additionally, if you do live streaming you have to continuously press on it to see a new video. Most systems allow you to hit live stream once and you could watch that stream all day.
The Blink doesn’t allow for that. Finally, you can set up the configuration for video to be between five seconds to one minute, but ultimately, it will only record 7,200 seconds before it begins to overwrite itself. There’s no cloud storage beyond that. Additionally, if night vision is important to you, you’d definitely want to have more XTs in your system. Of course, you can mix and match up to 10 on just one module.
The XT has actual infrared LED video capacity. The original only comes with illuminated night vision. Let’s take a look at the video capabilities of the Blink and the Blink XT. Right now, I’m looking on my iPhone at the video clarity of the original Blink and I immediately noticed that it’s just 720. When you look at some of the other cameras on the market even at a lower price range, they’re often shooting in 1080.
That’s one thing. Additionally, every 30 seconds, I have to click continue in order to maintain the live stream. This may have to do with the fact that the Blink runs off of two batteries for two years. It’s definitely something that I find annoying as I go through and I have to continuously remember to press it if I’m watching a video in order to see what’s happening in my home, or I just want to catch up on something going on.
You’ll also find that the 110-degree viewing angle is narrower than many other competitors.
Usually, you start off with at least 120-degree viewing angle. We’ve seen cameras like the iSmartAlarm that have a pan that go a full 350. Let’s go ahead and look at the Blink XT. As soon as I start recording the video for the Blink XT, you can see how much better the clarity is in comparison to the original Blink. The Blink XT is configurable up to 1080p, so you get a much better resolution.
However, it is still limited by the 110-degree viewing angle and the fact that I have to look down and press continue in order to maintain a live stream.
It does come with some of the same setbacks as the original Blink when it comes to watching and reviewing a video, but it does have a much better quality. Let’s go ahead and look at both of these cameras and the ways of where they differ in terms of night vision. Both the original Blink and the Blink XT come with night vision modes. Now with the original Blink, it has something called low-light illumination, which essentially means that anytime it detects something in terms of motion or you press live stream, it shines a bright light, which I’m looking directly into now, I’m following the light.
The Blink XT uses a more traditional infrared LED for capturing video in low-light. If I’m trying to watch a live stream or it detects motion, a little red light is on, on the camera, but there’s no low-light illumination, bright light, and I can see everything in the same manner. Of course, I can still use digital zoom, whatever is necessary, but the Blink XT does the job in a really satisfactory fashion. Let’s check out the Blink app. I just click in.
As you can see, I’ve got an array of options in terms of modules. I’ve only got two set ups for right now. I’ve got the original Blink on top as Baron Spy and the Blink XT as Baron Spy Master. Of course, you want to make sure you’re connected. Here at the bottom, and I find this pretty intuitive generally, it says it’s online, the WiFi is excellent.
I go back. Now, I can either take a screenshot by clicking on the camera here or here. I can go here into the folder and look at some of the rolls of clips that I’ve shot. If I want to go to the live streaming, I click on either of these two icons depending on which camera I want to see. Here I am.
As you can see, there is a bit of lag for what I’m actually doing, what I’m actually hearing and what’s taking place on the screen. Overall, the app is very intuitive and I can merely get it up and working.
Overall, the Blink and the Blink XT are two great security cameras for your smart home security system. Of course, I have concerns with each, especially the resolution on the indoor or the battery life on the XT, but they’re great cameras for someone starting out setting up their home system. If you’d like to read the whole review, google Security Baron plus Blink Security Cameras.
If you have any questions, leave a comment below. If you have appreciated this video, give us a like. As always, this is Gabe at Security Baron. Be secure. [music].
Hey guys how’s it going Daniel here today we’re taking a look at the new Amazon fire tablet. Now I’m actually really excited for this thing, because when I was announced I was thinking back to the old days when I used to buy really cheap electronics.
That would kind of mimic the same thing that the more expensive electronics would do. So I wanted to see if this tablet is able to do what the more expensive tablets do and see if it doesn’t sacrifice too many features and that it’s worth the money now this tablet retails for $ 50 and as far as Mexico, this has a 1024 By 600 resolution, which is going to give you a 171 PPI which is going to be good enough specially, if you haven’t been exposed to very high density displays, then it’s going to look really good. On the other hand, if you have seen a lot of retina displays in Ultra HD displays, then this is going to look very pixely and you’re going to see a lot of the pixels in the text and in the app icons and in a lot of parts Of the tablet now this does have a quad-core, 1.
gigahertz processor, and it also has 8 gigabytes of internal memory that you can expand up to 128 gigabytes, which is great if you want to load a bunch of movies up onto this before a road trip or Anything like that now, this guy also has two cameras: we have a VGA, front-facing camera and then a two megapixel rear-facing camera which is capable of recording 720p HD video. Now all that aside, let’s talk hardware, of course for 50 dollars. You can’t really expect much, but since it does have a matte black back made of plastic, it does make a look a little bit more expensive than what it actually is. It also has a nice heft to it, which doesn’t make it feel too cheap. Now the plastic on the back does get dirty quite easily, and so does the front display you’ll get a ton of smudges on this device, especially if you get annoyed by those – and this isn’t going to be good for you, and I found myself cleaning this every Time I finish using the tablet now.
Oddly enough, this tablet has every single thing on the top of the tablet, so we have the lock button. We have the micro USB, we have the mic, we have the volume Jack and then we have the volume rocker. So you got all those functions up there and then on the right-hand side of the tablet. We do have a little slit so that we can put in the micro SD card. More importantly than all that is, of course, the software, and this does come with fire OS 5, which is Amazon’s latest iOS software.
Now a good thing about that is that Amazon has definitely improved the software. It’S definitely less sluggish and a lot more quicker, Spahn sieve, and it’s also a lot more easy and simple to use. So anyone can pick this up and know how to use it immediately. The first thing that you’re greeted with is home, where you have all your apps and everything that you use to the left side is the reason which is all your recently opened items. And then we got books, video game, shop, apps, music, audio book and newsstand and within all those you can of course, search for new stuff that you’re looking for and easily play that or open that directly from there now.
We, of course, get the Amazon App Store, which has a lot of apps. Now you can download things like Netflix, Hulu, HBO Ted and a ton of new games that are coming out for Android are coming out for fire OS as well, which is really good. So we do get goat simulator, Crossy Road, hearthstone and those are all like really big games right now. Now this just come pre-installed with a ton of apps. We got Amazon, video of course, Amazon, music, Kindle books, Amazon photos and a bunch of other apps.
We, of course, do have the camera app, so you can actually use this to take pictures. I think the only reason they included the pictures is for that kind of gimmicky thing. I remember owning a DS as a kid and having that camera on there and it was a really bad camera, but always use it to take pictures of things and add doodles to it, and they actually included that functionality in this. So you can add like little stickers to pictures and things. I think that some people will find that kind of amusing from time to time, especially kids.
Now the thing that I didn’t think this was going to run was game, especially heavy games like goat, simulator and hearthstone, and I downloaded it also across the road. As I mentioned, I tried that one out first and that one worked perfectly just as you’d expect. The only somewhat of a lag that I experienced was right at the beginning when you open the game when it’s loading all the files up, it does like a little bit, but after that, it’s all flawless as far as goat simulator goes. It also worked perfectly and actually never really experienced any lag with that game, which is really nice to see. Lastly, I played hearthstone for about an hour in one session and that did actually heat up the tablet at the top of the tablet, and I just wanted to mention that, even though it does happen to most tablets and smartphones.
Nowadays, it doesn’t get to the point where it’s not bearable, but it’s definitely worth mentioning now. The great thing about this tablet is that anything you open up. It opens up as it should, and I no point are you reminded that you only paid $ 50 for this tablet and I think that’s very important. I think when you pay for something that’s $ 50 and p-per than other things, you don’t want to feel like you got a somewhat inferior product to the rest, you want to feel like you still got fifty dollars worth of money, and this is it. This actually manages to make those fifty dollars worth it now.
As far as battery life goes, it actually takes quite a bit of time to charge. It takes nearly four hours to charge, but the battery itself is actually quite good. It’Ll pretty much last you a full day of mixed use. So if you read a book, then watch a TV show and then maybe play like Tetris or something like that. Then you’re going to get it to last a whole day.
But if you’re going to play some hearthstone for extended periods of times or anything like that, then you’re only going to get it to last three or four hours now. The other thing is that, if you’re using this for nothing graphic intensive, so if you’re just like reading books and browsing the web, then you’re not going to have any issues with getting that battery to last a couple days, because the standby time on this is actually Really good, I left this on my desk a whole 24 hours and it only lost close to ten percent, which is really good. Now, if you’re, not in the market for a fifty dollar tablet, you might be wondering well, who exactly is a 50 dollar tablet for and actually this has a lot of people that can benefit from this tablet or you know actually want to use this tablet. So, first off we got the elderly, which usually don’t really go for any tablets and if you’re going to get them a tablet – or you know as a gift, this might be a good tablet to start off, since it doesn’t really matter if they drop it. This is a really good starter tablet, just in case you want to later move them onto an iPad or Nexus 9 or a larger, more expensive, Kindle Fire with that said, this is also great for kids, so if you’re a parent – and you don’t want your kids To use the iPad that you have or the Nexus that you have and don’t want them to potentially break that, then this is a great tablet.
This has a ton of things and you also get kindle freetime, which is something that most other tablets don’t offer, and you can limit the use and select what apps you want. Your kids to use. That’S actually really great. Now, lastly, is students – and this is actually quite good, because usually students are on a budget and $ 50 is in too much that’s going to break the bank. Now, of course, you can load textbooks on to this PDFs and all that good stuff, so that you can get all your class things you can.
Actually, if you wanted to create some documents on here, write up some papers, it won’t be very efficient or quick or easy to do, but it’s definitely doable so in the end, this tablet actually does a lot more than you would and the only problems that I Actually found with this is that whenever you’re loading things you just got to let them load for a few seconds before you start scrolling or anything. You can just immediately scroll the New York Times as soon as you load it. So you just have to wait. A few seconds for all the pictures and everything to load up and then you’re going to be fine and you can multi-touch and zoom in and everything without having any problems. The one other complaint that I have is that you know the plastic isn’t the best, but of course this is again fifty dollars and then the front display is quite Glary.
So if you’re in a room with a lot of light or sunlight, then your content isn’t going to be very easy to see. So you do have to make sure you’re in the right lighting conditions to enjoy your content in the best possible way. One thing that I did want to know is that this does come with special offers, which are little ads every time that you open the Kindle and that’s not a big of an issue for me, I kind of like having a different wallpaper there every time that I open the Kindle, but if you do have a problem, then you would have to pay another $ 15 for the tabloid to get it without those offers. But I kind of highly recommend the offers it kind of looked cool from time to time. You’Ll get some cool book covers there and sometimes you’ll get some good deals for some prime products and stuff like that.
So with that said guys, that’s pretty much it for this video. It was just kind of to show you what a 50 dollar tablet now looks. Like and it’s kind of impressive, and hopefully this kind of paves way to other cheap tablets and more affordable ones that don’t cost five hundred six hundred or a thousand dollars. So, aside from that, thank you guys for watching this video and I’ll catch you guys in the next one good, bye,
But Bitcoin is going to go down for me, my opinion, it’s going to be like having an original Andy Warhol, one of those prints. It is a piece of art. It’s amazing. Frank Holmes is the CEO and chief investment officer of US Global Investors, a fund that manages over two billion dollars worth of traditional assets. In this interview, see what happens when a mainstream money manager turns his eyes toward crypto.
What insights can he uncover? You know what’s interesting? The DNA of volatility of Tesla is the same as Ethereum. Welcome to another exclusive Cointelegraph interview. My name is Jackson and I’m your host and head of video at Cointelegraph.
I have the pleasure of welcoming today Frank Holmes, who is the CEO and chief investment officer of US Global Investors. How are you doing today, Frank? Outstanding, Jackson. Awesome. It’s great to have you here.
So let’s just jump right into it. In an interview that you took on December 7th, you said that you were quite surprised by the rally that Bitcoin and Ethereum had throughout the year of 2020. But since then, Bitcoin has more than doubled. So how are you feeling now that Bitcoin is even carried above those prices in such a short time? We always get worried when things go up three standard deviations over 20 days, in 16 trading days or in one year.
And it just means that we get a big pullback short term.
But long term, no, I’m very bullish and very constructively believe that the Metcalfe’s law helps explain this sort of movement as more wallets are being opened and they’re buying fractions through Robinhood investing of Bitcoin and Ethereum, that this universe is going to continue to grow and you will get these exponential moves just like we got in Tesla. You know what’s interesting? The DNA of volatility of Tesla is the same as Ethereum. How so?
Could you explain a little bit further? So when we talk about the DNA of volatility, so what is 70 percent of the time it’s a non-event or Ethereum to go up or down 5 percent. The stock market, the S&P 500 is 1 percent, gold is 1 percent. Gold stocks are 2 percent. But Tesla is 5.
Ethereum is 5. Bitcoin is 5. So they’re all disruptive. One is disruptive to the car industry. One is disruptive to the global financial sector and a sort of evolution and revolution of the financial sector we’re seeing with the car industry.
So the adoption process of naysayers and yes, people fully bullish on that creates greater volatility. So essentially what you’re saying is there has to be some sort of significant technological disruption that creates, that influences the industry essentially. Metcalfe’s law suggests that as more adopters start to buy in, then you start to get a higher price appreciation. This came out first with cell phones and then it’ll peak. But I think we have at least another 3 to 4 years in this run for Ethereum in particular, because it is unique, because you have, you have a proof of work dynamic and then you have a proof of stake dynamic and then you have the growth of DeFi.
So they’re all using this protocol and a lot of stablecoins are using Ethereum protocol to create something that’s really special. And that’s where we’ve maintained this sort of thought process, that proof of work will be around for the next 3 to 4 years in Ethereum.
So do you see Ethereum as more of a front runner than Bitcoin or do you just see them as different entities? I think they’re different. Let’s take a look at Ethereum to Bitcoin is like silver to gold.
Silver has, in addition to a monetary asset, its central bank don’t use it as a monetary asset. However, silver is used for solar panels, as only the demand for silver is highly correlated now with the growth of solar energy. And so you have these other applications that has a greater volatility. Historically, gold goes up 10 percent as silver goes up 15 percent. What did we see last year?
Bitcoin went up 300 percent, Ethereum goes up 400 percent, 430 percent. But just giving you an idea that it’ll have greater volatility. Bitcoin fell in the last cycle, Ethereum fell even more as percentage wise. So the DNA of volatility of Ethereum is greater than Bitcoin, because Bitcoin is really a financial transaction.
It’s pure, it’s really looking as an alternative asset class, as a financial asset class .
Whereas Ethereum has all these other applications in addition to being an asset class, such as silver is the solar panels and silver is the jewelry. Well, Ethereum is also to people that’s using economic transactions, but it’s also used for stablecoins. It’s also the backbone for Docu, when you look at DocuSign it’s building on the Ethereum blockchain. You touched upon something interesting there, which I think a lot of people, when they look at the large scale moves between Bitcoin and Ethereum and other altcoins, they kind of see Bitcoin as the driver of the rallies and in bear markets and such, and they see Ethereum more as the follower.
Do you agree with this sentiment?
Do you think that Bitcoin drives the market and Ethereum’s just kind of the more volatile little brother, essentially? Or do you think that Ethereum will eventually differentiate itself enough through these use cases that you’re describing, which are wholly different than what Bitcoin’s purpose is, to allow itself to kind of break away from the shadow of Bitcoin? I think in 3 years, 4 years it’ll break away from Bitcoin, but Bitcoin is going to go down. For me, my opinion, it’s going to be like having an original Andy Warhol. One of those prints, such as if you look at the Mao and the five different colours that came out, I think it was one thousand, a thousand dollars each, but they go to a quarter million dollars each.
Because there’s a limit, pure limited supply. Ethereum’s supply is capping for one hundred million, but it’s really not. It’s not iron clad like Bitcoin is.
So I think that is going to be a collector’s item, especially if you think all that 64 digits, that you have a genesis coin that’s going to become more valuable over time. So let me tie this into one of my questions here, which is that we’ve been discussing gold and silver and how they kind of form this analogy between Bitcoin and Ethereum.
And the media often brands you as a gold bug, you run a gold ETF called US Global Go Gold, which specifically targets gold and other precious metals. And there’s another famous or infamous, I guess, gold bug in the crypto space. Peter Schiff, you probably have heard of him and he is, he very lively tweets anywhere, he’s expressed his strong opinions against Bitcoin.
He made one such tweet recently where he said: “Stocks have earning, which are used to pay dividends or buy back shares. Real estate pays rent and bonds pay interest.
Commodities can be consumed or used, or in the case of gold, stored indefinitely for further use. Bitcoin earns nothing, pays nothing, and is used for nothing.” And I’m bringing up this tweet because you just said that you think in a few years Bitcoin could become more of a collector’s item.
So do you kind of agree with Schiff here? Do you think that Bitcoin doesn’t actually have a use case in the future or how do you line up with Schiff’s view here?
There’s no doubt it’s going to have a use case, but what will drive it to 400,000 dollar valuation, is because it’s going to become art. It’s going to be classified as a collector’s item. And its ability now to create fractals, which are doing per shares of public companies, that technology is pretty stealth. That will allow more and more retail to come in to buy a fraction. And that will create an underbelly of support for Bitcoin.
But I think it’s going to have both an economic transaction and the value is going create, well, they say it doesn’t have any value, Peter Schiff says. Well, I disagree. I think it has incredible value. It has the same value for someone that wants to buy an Andy Warhol piece of art. Maybe he doesn’t like Andy Warhol, but other people do.
And I think that that’s where the driver is going to be. It’s an interesting take on it, because I’ve heard a lot of coders, when they look at Bitcoin, they say the code is beautiful. The white paper is beautiful. Mathematicians say the same thing, because it solves this long standing logic puzzle, essentially, of creating consensus anonymously or not anonymously, but privately.
So in that sense, yeah, I like that the analogy to art, because in a way, I think a lot of people do consider it beautiful.
It is a piece of art. It’s amazing. Yeah. And there’s a limited supply. So that makes it more valuable.
And you can’t really transact easily your piece of art. You’re Andy Warhol for simplicity, as a Warhol or a Monet, you can’t, or any other great artist, it’s really hard.
But Bitcoin, you can turn around and convert it to a currency or different currencies. And so it has even a better medium of converting into something else. It’s liquid.
Liquid. I know. So you mentioned before, that you had heard some of these price predictions, such as $ 300,000, $400,000 coming in the next few years. Do you agree with those price predictions? Do you have your own target that you’re eyeing for what Bitcoin could reach?
Well, I’m much more quant-driven, and I just I look at the DNA of volatility of an asset class over a rolling 12-month period. And so you go back 5 years for Ethereum and you go back a decade now for Bitcoin and you look at what that DNA of volatility. So it’s a non-event, that can go up or down 200 percent for Ethereum. So we can go to $2,000, $3,000 next year, this is just the DNA of volatility and Bitcoin itself. So I look at it that way as a shorter term, like 12-month prediction.
And two, is longer term. I’m a big believer on as more people adapt to it. So I’m very bullish on the Ethereum right now, because we’re going to have the CME all of a sudden start being a futures market.
Well, what does that going to do is going to have more hedge funds, institutions that are reluctant to go on an exchange and buy for a wallet. What we saw last year is a lot of hedge funds came in and use the CME to buy Bitcoin.
They use the futures market, even though it’s not very leveraged compared to gold, but they use that as their tool to get into the space. I think we’re going to see more institutional family offices, etc. They are reluctant to go and buy, as I said, on an exchange, in case they get hacked, they buy the futures. Yeah, I think it’s one of the biggest narratives in the crypto space at the moment, and it has been for a while, frankly.
But the wave of institutional money that I guess is, as you’re describing, is just looking for that secure gate, that secure access into the space.
So do you think that this wave of institutional money, as we call it, do you think this is one of the main factors that could drive Ethereum and Bitcoin to new highs? Do you think this is the most significant driver behind these cryptocurrencies at the moment? Adopters and the limiting supply – the higher the price. It’s really simple. We can look at copper supplies like metals.
OK, well, copper is in an eight year high. Why is that? Supply. Supply is being constricted. Issues out of Chile, mines are not as productive as they used to be.
There’s less supply, but the world continues to grow. And now we have this big green push around the world. Well you need more copper! And therefore supply demand imbalance demand stronger. Up you go.
I think with Ethereum we are gonna see stablecoins are using the protocol, Ethereum 2.0, basically 2 percent of all the Ethereum over the marketplace, where people are going for earning an income on their Ethereum.
And then we have DeFi last year going from, what, 3 billion to 20 billion? Some of the numbers. What is taking supply of faster than every 15 seconds you’re getting, 16 seconds, some new Ethereum coins in the system.
So I think from that end supply is being restricted. Demand is growing. This basically says the price is higher. And I’d like to get into your philosophy a bit more. In one of your recent interviews, you said that US Global Investors believe government policies are a precursor to change, and that’s one of your fundamental investing philosophies.
So how does that philosophy apply to Bitcoin, which is an asset that is global, decentralized, automated? And these characteristics allow it to exist outside of the reach of localized government policy. How does that philosophy apply to Bitcoin? Very much so. If you look at government policies, how they fast track a futures market for 2017 to put a cap on Bitcoin, there’s no doubt the futures market was used as a mechanism for these institutions that did not want to go on exchanges.
And then, two, you can see the narrative from the Bank of International Settlements.
It’s always anti, whereas many of the central banks are exploring digital money. So I think if you look at that whole bear market we witnessed, we had JPMorgan trashing Bitcoin and crypto and Ethereum. You had Facebook also trash talking and stopping any advertising money that the bottom took place in Bitcoin in February of 2019, I would say, well, that bottom was when JPMorgan came up with their stablecoin . All of a sudden they stopped talking negative about this industry.
And then we saw the Libra coin come out and Bitcoin rallied to 14,000 dollars. Central banks around the world attacked Facebook. What happened to Bitcoin? It fell right back down to 5,000 dollars. So government policies are really important.
So there’s going to be a hearing by the Congress or the Senate or the seeing on their concerns on Bitcoin. These coins will sell off, trying to figure out, navigate what those government policies are. We’ve seen some big downdrafts when all of a sudden Japan goes negative, then they change the tune.
But we can see these big downdrafts. So I don’t think we’re out of the woods on this sort of governments all around the world.
They’re trying to catch up to this concept. They’re all trying to come up with their own digital money. So government policies are a precursor to change, both positive and negative. Are you looking for any specific policy decisions made by governments that would affect Bitcoinor Ethereum, like the creation of a Bitcoin ETF, for example? Are there specific things that you’re looking for?
That you were saying that you think like, OK, if this happens, then this is going to be great for Bitcoin or if this happens, this is going to be terrible for crypto. What specific policies do you have in mind that you’re looking for? On the negative side is that they come out and say that’s illegal.
That’s pretty negative. I was thinking that they may come out with a policy, because most of the mining is out of China for Bitcoin.
That and you can now with technology know of any coin was mined in China, basically saying no one in America is allowed to own any Bitcoin is from China, mined in China. Only bitcoins mined in America. They come out with the policy like that, that would be really disruptive. It would create two price levels for Bitcoin. So you have to think this way, that government policies, when they become too fearful over it, they will make great changes.
I guess, to the negative. However, I think they want to get away from paper money and they want to be able to track every penny, tax every penny. And the best way is digital money.
So I think that that is going to be the big push by governments running as fast as they can to get their arms around it. So I’m sure they can see how they can apply and use it.
And also, the proof of Lehman Brothers, the disaster of Lehman Brothers wouldn’t have been so exasperating, wouldn’t have cost the Federal Reserve the billions it did had they been on a blockchain mechanism. They would have been able to determine exactly what that liability was, wrote a check, and it was a couple of billion dollars, not ten billion dollars. And so I think it was going to, there’s a big push for that. And the real thought leaders of Fidelity, Fidelity has their own Google labs.
They have one hundred people in that department and they want to see all these transactions, securities, transactions, everything on blockchain.
So therefore, there is going to be no illegal shorting. There’s going to be no failed deliveries. So there is a big secular trend on the applications of blockchain. PayPal – you can now buy Bitcoin on your PayPal account. So these are, that really adds the PayPal to Metcalfe’s law.
Yeah, those are some really great things to watch out for. And I think now our audience is going to be watching those things as well. So thank you for that. And so you were mentioning before that you have, in terms of, you look at price targets in terms of 12 months and you approach them from a quantitative angle in terms of volatility. And you mentioned, I think, that you could see Bitcoin, I mean, you could see Ethereum reaching potentially 2,000 or 3,000 dollars, is that correct, in the next 12 months?
Yeah, it would be a non-event for it to go to $2,000 over the next 12 months. It would be a non-event to go back to $500. That’s just DNA of volatility.
I’m curious, what’s your volatility range for Bitcoin over the next 12 months? Well, I think it’s quite similar, you know, Bitcoin can easily run to 80,000 dollars and it can fall back to 20,000 dollars.
It’s just DNA of volatility. It’s hard to relate to it, but I can show you on visuals of how this volatility, how it helps you understand that, how to trade these markets. So last year in February, Ethereum had a spectacular move to almost $300 and then quickly fell back to $110.
I know for sure, we sold a bunch of our coins and then we remined them as it fell down and replenished all of our reserves, because we always want to own on our balance sheet Ethereum and Bitcoin. In addition to trading it out when we get extreme moves to pay for cash or buy more equipment.
We have a thought process at Hive, that we are looking at like factors do for oil and gas in particular. You have to always be spending money to upgrade and you don’t have to go spend big checks for big well. It’s how you manage your cash flow and you continuously set up that each month that you’re buying more equipment, you’re upgrading your equipment. And right now we’ve been upgrading all of ur Ethereum chips from a four gigabyte to an eight gigabyte. And then we can choose like today we announced that we’re really happy that it was by the year of 2021, we hope to be up to a 1000 petahash.
We did that in the first two weeks of January on that performa.
So we’re now think we can go to 2000 based on our cash flow forecasts. Are there any final points you’d like to leave our audience with? Yeah, I think that investors have to recognize that as you’re my age, you should have a much smaller portion of your assets in Bitcoin or Ethereum. And a simple rule, rule of thumb, is that if you’re 65, you should be looking at income and investments, 65 percent.
And make sure you’re not just totally speculating in this new industry. If you’re young like you, Jackson, that’s where all the action is. And you should be looking for growth and speculation and understanding the dynamics of growth and speculation.
Read books on venture capital, just get involved with it, because you should be investing in this type of space. Well, thank you very much for the advice, Frank.
Thank you. And wish you nothing but an abundance of prosperity and good health. Absolutely. It was wonderful having you on. Thank you again.
Thank you, everyone, for watching. That was Frank Holmes, who is the CEO and chief investing officer of US Global Investors. My name is Jackson. And if you enjoyed the video, please hit that like button and subscribe to our channel.
When the crypto market crashed hard last week, naysayers once again predicted the end of Bitcoin. But we are used to this. In its 10-year lifespan, Bitcoin has been declared dead a total of 326 times! Bitcoin not only survived but also came back stronger. Now let’s take a look at Bitcoin’s worst moments and resurrections over the past few years.
After reaching a new all-time high, the first “Bitcoin bubble” burst due to over-speculation and the hack of now-defunct exchange Mt.
Gox. Bitcoin dropped from almost $30 to a 2$ bottom on October 20, 2011. In April 2013, a banking crisis in Cyprus triggered the price of Bitcoin to rally. Mt Gox overwhelmed by high transaction volumes, suspended trading, causing Bitcoin to fall sharply in the following hours.
Increased investment from China in Bitcoin made the prices skyrocket in the fall of 2013. Concerned by Bitcoin’s increasing popularity, the Chinese Central Bank began to clamp down on crypto, by banning domestic financial institutions from offering crypto services.
As a result, Bitcoin lost 60% of its value in under two weeks. Together with the Mt Gox bankruptcy in February 2014, the Chinese ban marked the beginning of a steady decline, reaching a bottom of $209 in January 2015. The period of relative stability that followed paved the way for a massive crypto rally in late 2016 In the last quarter of Bitcoin’s most bullish year, China continued its crackdown by banning exchanges and ICOs.
The ban deeply impacted the market but that didn’t stop bitcoin.
After a final surge, bringing prices to an all-time high of $20,000 in December 2017, Bitcoin crashed again, losing almost a third of its value within just one week. That was the start of a very long winter for Bitcoin, and it’s still pretty cold outside. So hodlers don’t lose hope, remember, the night is always darkest just before dawn..
The Winklevoss twins have doubled down on their 500 000 bitcoin prediction. Banking giant city has said they believe BTC is heading toward 318 000. By the end of this year, jp morgan says 650k is possible. The stock to flow chart for bitcoin shows a 290 000 bitcoin. There are a ton of predictions out there and it’s hard to make sense of these numbers hard to know who’s talking about the price a year from now and who’s talking about a price 10 years from now, but one thing is almost guaranteed. We are very far away from the peak of this bull run in today’s video. I’M gon na give you my new bitcoin prediction, official new bitcoin prediction, and why i’ve had to upgrade this rally from bullish to ultra bullish. Let’S get it bid swap is the hottest new way to trade tokens, probably all the top decentralized exchanges. Biswap gets you the very best price and value for your trades. Bitswap is changing the game. Try it now at bitswapdex.io, welcome to bitboy crypto. My name is ben everyday. On this channel. I show you how to make money in cryptocurrency, if you like money in crypto, make sure to hit that subscribe button. If you love bitcoin, then make sure to follow us on all our social media accounts, including twitter, find me there on twitter at bitboy, underscore crypto, and i’ve been known to make some bitcoin maximalist friendly, tweets there. So you guys are definitely going to want to see those we’re trying to reach 50 000 followers on twitter. So if you could help me out head on over there and click the follow button now in this video, i’m going to be giving you guys an amended official bitcoin prediction for this channel. For this bull run and at the end of this video, i will tell you exactly where i believe bitcoin is going to settle so make sure to watch this video all the way until the end and go ahead and lightly press the like button. It’S now obvious to me that my 225 000 prediction for bitcoin simply is not high enough. I want you guys to think about where i was when i made that prediction and by where i was, i just mean the general headspace. This was in early 2020, when we were not even sure a bull run was coming started. Seeming like there was a chance. We were all wrong. I spent december 2019 and january of 2020 contemplating whether or not i actually had made the right career move. Maybe it was time to start filling out mcdonald’s applications. I worked there when i was 15
Maybe they would have me back banging my entire future on crypto seemed to have backfired pun intended, but deep in my heart, i knew what i believed about crypto. I knew what i believed about bitcoin and you may not like me, but even my haters would probably agree. I always keep it 100.. I can’t do something i don’t believe in likewise. I couldn’t give up on something that i did believe in so like most people do when they started. Having doubts about things i started questioning. I went to the charts in the history of bitcoin and i dug deep deeper than other youtubers had gone before. I studied the bitcoin cycles more than anyone else out there i sunk deep into the lab, didn’t eat, didn’t sleep didn’t give up until i had empirically arrived at what i believed? Oh okay, so the didn’t eat part was alive, but the rest was true. When i emerged from that period, i started making calls and predictions based upon what i had found and what i had learned and guess what i’ve been right all along up to this point over the last year. If you’ve been here for more than a couple days, you know that so, while i nailed the price all year long, what has occurred to make me believe i need to officially change my bitcoin prediction. Well, here is what has surprised me: the movement we’ve gotten after bitcoin established a new all-time high is way more bullish than anything we experienced in 2017.
On this run, we have seen an explosive 75 move from bitcoin in 17 days after establishing a new all-time high. Now, let’s compare that to what happened during the 2017 bull run after bitcoin hit new all-time highs. In 2017, there were basically two times when bitcoin’s price hit a new all-time high. There was the first time in january, but it was immediately rejected. It was only able to climb a measly 1
7 percent, before getting rejected, this was eerily similar to early december last year, when we glanced off of all-time heights. Briefly, on a few futures exchanges, we basically got rejected before we even hit it. The rejection was baked in, if you will so, let’s move forward to the time when bitcoin was actually able to establish a new all-time high in 2017 for a sustainable period. The next time bitcoin established and held an all-time high was march of 2017
Even if you measure the wicks at the peak, it grew 18. Remember this time. 75, in 17 days against roughly the same number of days in 2017, bitcoin only went up 18 and even then, as you can see here, the bitcoin price still actually dropped below its 2013 high again. It would take bitcoin five months after touching its all-time high. The first time to have a move where it increased 70 percent, like what we just saw, we’re only a few weeks into this one. This is so bullish that 2017 is starting to look increasingly irrelevant for bitcoin. Maybe the 2013 bull run would be a better indicator, but before we look at that, if big bitcoin moves or something you think is coming – and you are a trader, then you should consider trading it by bit. You can make massive gains there, because it’s, the premier leveraged trading crypto site in the world, get a deposit bonus by visiting the rewards hub after you sign up by visiting buybit.bitboy.live, please be responsible with your trading, but let’s move back to the charts here and listen. I know this is hard to tell because the numbers were so crazy back then, but i’ve circled the two times during the december 2012 to 2013. Bull run where bitcoin established new highs that first tiny little circle is actually a move where bitcoin rose about five percent. Above its all-time high on a wick and then got rejected, just like we saw with both the 2017 bull run and the current one, but it seems like the 2013 bull runs action over the next all-time high establishment is much more similar to the current one. There was no struggling once it jetted past it on the second attempt. It never looked back, that’s what we’re seeing now and what happened in 2013. Only an eighteen hundred percent move over the next three months that would put bitcoin at about 360 k. Now, obviously, the caps were smaller than and easier to move, but if we were to have only measured the bodies of the candles instead of the wicks, it was still a 10x putting bitcoin at 200k. But what you have to realize is that this was only part. One of the bitcoin bull run in 2013 and that one 10x part 1
Now, obviously, we’re not gon na be looking at a two million dollar bitcoin on this cycle. This is where we start running into a problem where there isn’t that much money in the world really at least money that could potentially move to bitcoin without breaking the stock market or the real estate market or some other markets. If we were to only see 25 of the movement from 2013, that alone would be putting the price of bitcoin at 500 000, and while some people have pushed for bitcoin going above that number, the math and the economics of that. Just don’t make sense. At this point, the long and the short of it is that if we were to go above 500k, it would just be a wick based on leverage, there’s no sustainable way, in my opinion, for bitcoin to hit and hold a price above 500k, the winklevoss twins have Doubled down on their 500k prediction, when you really read the articles, they believe this will happen sometime over the next decade. Not this cycle for many people out there predicting the price of bitcoin it’s hard to know where exactly they’re pinpointing their high calls. We hear million dollar bitcoin, but no one’s talking about this year when they say that. However, the six figure numbers we commonly hear associated with this bull run 100k, 250k, 300k, etc are supposed to hit this year. I’M definitely in that crowd that believes that stock to flow model shows the price of 290k for bitcoin. But here’s the thing as you’ve seen the wicks on these all-time high runs, are incredible and with any logarithmic scale, such as the stock to flow chart, the higher the numbers go. It doesn’t take moves of great significance to cause huge spikes on that chart and, as you can see, we are now rising above the estimated or suggested price point for where we are in time. And this is the part where i give you my new 2021 bitcoin price prediction to me. When i look across the board, there are three specific numbers that stand out to me. The first is the stock to flow model, the prediction of 290 k. The second is the city prediction of 318 thousand dollars: that’s traditional world. They specifically pinpointed 2021 for their prediction. It was a leaked document not even meant for the public. These guys do a lot of research. The third number i look at is 360k because that’s 18x from bitcoin’s all-time high, the same height, the last seemingly smaller bull run, climbed to when we average all three of those predictions together, we get 322 000 and that’s my new prediction. This is my new number. Almost 100 000 more than my previous one, but let’s face facts. This is way more bullish of a cycle than we ever anticipated, which is thanks so much now i’ll, be honest with you. It’S really hard for me not to go with a higher number. My gut kind of tells me 425 k, but it’s hard to tell how much of that is the euphoria from all these recent pumps. We could get a period of sideways action to stifle the bull run and, while i do believe it was necessary to amend my prediction, i also don’t want to start throwing out numbers that are so high, because people could still think buying it. Six figures is a great idea, but here’s the truth. If you miss out on bitcoin before it hits six figures, you should probably sit this one out, but many people won’t. Of course. We know that, and they will end up getting wrecked, will end very badly for them, but we will be smart enough to jump out before it crashes. You guys drop your bitcoin predictions below and let me know what you think about my new prediction. That’S all. I got be blessed bit boy out: [, Music ]. You