Ron Paul: The Social Cultural Authoritarian Bubble Will Pop

The century-old big government obsession in America is getting old and weathered. 

Debts that are never-ending...Wars that are never-ending...

One Federal Reserve economic bubble after another. Social-Cultural manias. All are coming to a head at some point. 

Big Government is always unsustainable, and Americans should once again embrace their roots of individual liberty.

- Source, Ron Paul

Jerry Robinson - We Have to Protect Ourselves and Families From the Coming Collapse

​Jerry Robinson, Economist, trend trading coach, author of “Bankruptcy of Our Nation,” and founder of "Follow the Money" returns to Liberty and Finance this first time in 2021 to lay out his view of the poorly understood risks and opportunities with which we find ourselves surrounded in these unusual times.

- Source, Liberty & Finance

The Debt Bomb is Set to Explode, Inflation to Spike in 2021

Gerald Celente discusses the building debt bomb and how it is now being primed and set to explode in 2021. 

Will governments around the world double down and print more, causing hyperinflation, or will they finally let the system collapse?

Our bet is that the money printers are going to be sent into hyperdrive, devaluing peoples savings the world over.

Strap yourselves in, as 2021 has only just begun and is already looking to be a more volatile year than 2020 and that's saying something!

- Video Source, Gerald Celente

GameStop Was A Warning: Elites Are Weaponizing Censorship To Keep Outsiders Out

As the apex predators of capitalism, hedge funds are accustomed to raking in billions by driving companies into the ground and feasting on the carcasses. So there was widespread satisfaction last week when members of an online discussion group called WallStreetBets started beating the Wall Street bully boys at their own game. Ringleaders of the group noticed that hedge funds had taken a short position in the videogame retailer GameStop that far exceeded the number of shares available to trade. 

Motivated as much by revenge as by profit, these influencers in the group encouraged the 2.7 million members (since risen to around 8 million) to purchase the stock in order to drive the price higher and create a massive short squeeze. This quickly became a movement with a cause similar to that of Occupy Wall Street, except much more effective because it hit the intended target where they would feel it the most, in the wallet. “The only way to beat a rigged game,” one WallStreetBets leader said, “is to rig it even harder.”

GameStop stock, which closed at $17.69 a share on Jan. 8, shot up to $347.51 by the close last Wednesday. With combined losses of almost $20 billion, hedge funds were on the ropes and close to bleeding out, selling their longs in an increasingly futile effort to cover their shorts. 

One fund, Melvin Capital, lost over half its value and had to be bailed out by hedge fund sugar daddies Ken Griffin (Citadel) and Steve Cohen (Point 72). Another fund, Citron, was teetering on the brink of collapse. All this outsider army needed to win was the continued ability to communicate with each other online, and their collective ability to keep piling into the “Buy” side of the trade. Within hours, they would be hobbled on the first front and crippled on the second.

The Empire Strikes Back

First, the digital distribution platform Discord banned the WallStreetBets account after the close Wednesday for “hate speech, glorifying violence, and spreading misinformation.” (For a moment, it looked like Reddit had also banned the group, but they resisted pressure to do so.) If the quoted justification sounds familiar, it’s nearly identical to the one given by Google, Apple, and Amazon for deplatforming Parler just three weeks earlier. Echoing Amazon, Discord said it had sent the group repeated warnings about objectionable content before deciding, on that day of all days, to shut them down.

Meanwhile, WallStreetBets investors were locked out of their trading accounts by online brokers such as Robinhood on Thursday morning. Based on new collateral requirements that it says were imposed by an industry consortium, Robinhood forbade its users from buying GameStop and other stocks that WallStreetBets had identified as short squeeze opportunities. Users were allowed only to “close their positions”—in other words, to sell to the shorts desperate to buy. When angry users registered their disapproval by leaving over 100,000 one-star reviews of the Robinhood app in the Google Play Store, Google deleted them.

Normal trading was allowed to resume Friday, but the hedge funds used their 24-hour sole ownership of the battlefield to fortify their positions, covering the most vulnerable shorts. Wall Street then sent in reinforcements, as new short positions were taken at these high price levels, virtually guaranteed to pay out when, inevitably, the air leaks out of the balloon. 

Faced with a game that, for once, they couldn’t rig in their favor, it appeared that the insiders tipped the board over and started a new game. As a massively decentralized online group of scrappy outsiders, the only tools at WallStreetBets’ disposal were online trading and social networking. Both were frozen at the crucial moment, and the hedge fund insiders were let off the hook. The weaponization of censorship is a big part of the reason why.

Down the Slippery Slope

Some of us warned of a slippery slope when Parler was taken down and a sitting president was systematically ghosted from every online speech platform. But we could not have foreseen how slippery the slope would be, or how fast we would slide down it. We were told that the curbs on speech of President Trump and his supporters were necessary to prevent further “insurrection” and protect the peaceful transition of power. 

However, much like the troops and barricades that still ring the Capitol, these speech restrictions remain in place well after the transition of power has occurred. The censorship power is always justified in response to a genuine outrage or crisis, but it is rarely relinquished once the threat passes. Rather it gets weaponized to protect powerful, connected insiders, as the GameStop fiasco illustrates.

How do we suppose Discord chose that moment to enforce its “Community Guidelines” against WallStreetBets? Almost certainly, one of the hedge funds whose ox was being gored combed through their message boards looking for anything that might violate the terms of service. 

And surely they found it, as these boards contain the same raunchy language you would hear if you visited any trading floor or boiler room on Wall Street. They presumably reported the content to Discord, which took the group down.

Did Discord warn WallStreetBets of content violations before last Wednesday? I’m sure they did. Amazon sent such a warning letter to Parler as well. Frankly, such a letter could be, and likely is, sent to every large message board on the web. The founder of a user-generated content site described it to me as “the One Percent Problem.” 

Every user-generated content site will have a small percentage of offensive material that gets through, no matter how many content moderators are hired. For example, Facebook, Twitter, and YouTube allowed far more content advocating for and planning the Capitol riot than Parler. But instead of acknowledging this, they were eager to blame the upstart, which had recently taken over the top spot in the social networking category in the app store. Scapegoating Parler served the dual purpose of deflecting blame and squashing a competitor.

Critics of social networks insist that these sites simply need to double down on censorship in order to finally rid us of problematic speech. But that ignores how social media moderation actually works. Algorithms set to recognize keywords capture only a small fraction of problematic posts, leaving millions of posts for humans to review. 

The work is so voluminous that it’s outsourced to far-flung locales where English may not even be the first language. Low-level employees must decipher complicated guidelines while navigating our increasingly Byzantine world of political and cultural hot-buttons. 

Mistakes are inevitable, and the harder a company tightens the standards to get the One Percent Problem down to 0.1 or 0.01 percent, the more undeserving accounts—from Ron Paul to the Socialist Equality Party—will be swept up in the dragnet. With the Town Square now digitized, centralized, and privatized in the hands of a cartel of Big Tech companies, the protections of the First Amendment no longer apply...

- Source, Zerohedge, read the full article here

Surviving a Crash: Break From the Herd With David Smith

​Gold mining analyst and boots-on-the-ground natural resources researcher David Smith of The Morgan Report, returns to Liberty and Finance to offer his seasoned experience on how to break from the herd in times of crisis. 

David shares why preparation is essential to successful execution of a contrarian strategy, enabling us to avoid many pitfalls and reap outsized gains during these unpredictable times.

- Source, Reluctant Preppers

Portnoy Calls for People to be Jailed Over Hedge Fund Scandal in Scathing Interview

Barstool Sports Founder Dave Portnoy joins Tucker Carlson to discuss exactly what is happening between GameStop investors and the popular app Robinhood.

- Source, Fox News

Strategic View: Gold Could see $25,000 in 10 years

The two big rallies in gold occurred over roughly 10-year periods. Both saw dramatic increases in the value of gold. From August 1971 to 1980, gold rallied from $35 per ounce to over $700 per ounce, a twenty-fold increase.

Please note a significant pullback from $200 to $100 per ounce during this time, a 50% drawdown. Even in a bull market, prices often have to correct before finding new footing.

Great Reset

One might say that there was a “great reset” of the financial system in 1971, which moved the world past the Bretton Woods agreement.

Tech Bubble Bursting

In 2001, following the bursting of the tech bubble, the gold price again rallied over 10-years. This instance resulted in a maximum gain of seven to eight times the rally’s beginning point ($250). The tech bubble, followed by the housing bubble of 2007-2008, provided policy support for gold inflation through quantitative easing and other measures.

In 2021, amid a worldwide pandemic and political and societal upheaval, the World Economic Forum and other prominent world organizations call for and/or promote a “Great Reset.” Whether this Great Reset results in a new worldwide monetary paradigm is unclear. However, with government world debt increasing, concurrent with declining economic growth, the timing appears to be good for world leaders to have those discussions.

Regardless of whether we are on the cusp of a new monetary paradigm, the case for increased allocations to gold is compelling. As governments continue to add to their deficit spending, the expectations for inflation are rising. Gold tends to perform well in these inflationary environments.

It is our view that the next big bull market in gold is just getting started. In 2020, gold broke to new highs before recently pulling back to the $1,800 per ounce level. If we look back at the last two big runs higher in gold, it is reasonable to expect that gold could achieve ten-fold or twenty-fold increases over the next 10-years. Such is especially true if the world financial system experiences a “great reset.”

Technical and Tactical View

At the beginning of a bull market, one option for investors would be to increase gold allocations and hang on for the next decade or so. Such investors should prepare to endure meaningful drawdowns along the way.

We are long-only in our gold and precious metals holdings. Since gold follows seasonal and other patterns, we look for areas to accumulate more and take profits. We believe that we are near a decent point to accumulate more gold, miners, and other precious metals.

The $1,800 per ounce area was a significant resistance level in 2012 and 2013, and the breaching of this level in 2020 was a significant event. This resistance level has become a support level, and the $1,800 level was already successfully back-tested in November 2020. Another pull-back to the $1,800 per ounce level could be a good point for accumulation.

Zooming in to a weekly view, we see gold is trading near the 50-week moving average in a triangle formation and/or bull flag above $1,800. Such is undoubtedly a critical technical level, and we could see volatility, both up and/or down, over the next few weeks as gold seeks to find direction for its next move. If it falls below the 50-week moving average, then the next accumulation zone might be along the lower trend support line near $1,650.

Gold Options Sentiment

Each day, we publish signals related to more than twenty different options markets. Our proprietary Options Sentiment index for gold is suggesting that this could be a good accumulation zone. Recently, when Options Sentiment was less than 20% (such as now), it has been an excellent time to accumulate.

Investors will recall the events of March 2020, which saw meaningful draw-downs in stocks, gold, and many other asset classes. If there is another flight to liquidity soon, we could see significant drawdowns in the gold price, as investors seek safe-haven cash to avoid all kinds of volatility.

Final Thoughts

We are very bullish for gold over the next ten years, and we will be looking for good entry points for gold, silver, and gold miners here in 2021. We will not be surprised to see $25,000 per ounce of gold by the year 2030. It will likely be a volatile ride higher, with large drawdowns along the way.

Technical analysis suggests that the $1,800/oz and $1,650/oz levels are good entry points for gold at this time. Options Sentiment also indicates that now is a decent time to accumulate more gold and/or precious metal mining stocks.

- Source, Silver Bear Cafe

Gregory Mannarino: Be Ready, It’s Going to Happen at a Time THEY Choose

Gregory Mannarino, founder of TradersChoice.net and known as “The Robin Hood of Wall Street,”​ returns to Liberty and Finance to answer viewers’ questions on the coming financial reset, the runaway debt and looming bond market crash, the Fed “Buying it ALL,” the rotation into Gold/Silver/Cryptos as Dollar alternatives, and what’s next for our freedom and future in this unrecognizable new world.

- Source, Liberty & Finance

A Move Into Silver Like You’ve Never Seen Before...

​Renowned author and metals market & mining analyst, and founder of TheMorganReport.com, David Morgan, returns to Liberty and Finance / Reluctant Preppers to give us his studied perspective.

Ron Paul: The Bipartisan Stimulus Hoax

Democrats and Republicans publicly argue and bicker with one another. Outwardly, there is conflict. 

But when it comes to expanding the power of government in every direction, there couldn't be more harmony between them. 

The growth of state power and destruction of individual liberty is a bipartisan affair laced with endless lies. 

Word of another "stimulus" is in the headlines, with the stated intention of "helping" Americans and the economy.

- Source, Ron Paul

Catherine Austin Fitts: The Great Reset Means a Digital Control System

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says the reset is “the end of currencies.” She goes on to say, “It’s the death of currencies.

Currency is something that is liquid. Currency is something I can put in my pocket and walk away. This is a digital control system. This is a credit at the company store.

You will be given a credit at the company store, and if you do what you are told, you can buy things at the company store, but you can’t start your own store. That’s what we are watching right now in the U.S. economy. This is how it works.

The insiders and their businesses are deemed essential and can stay open. Then they can do a series of things to shut down all the independent people and herd all those cash flows into theirs. So, you can’t go to church and you can’t sing, but you can stream Netflix. You can go to Costco. You can go to Walmart.

If the Fed and New York money center banks can make money from it, it’s essential, and you can do it. They can borrow from the Fed at 0%, and our credit cards cost 16%. This is how this works. So, this is economic warfare, and it’s designed to destroy the independent producer.”

- Source, USA Watchdog

Bitcoin Goes Parabolic: Tis the Season for Record Breaking Highs

Here we are again, yet another week and yet another new all time high for the price of Bitcoin. This asset is truly on fire and is now once again entering into a "parabolic" phase.

The reasoning for this continues to be the ever increasing demand of institutional investors who are moving heavily into the crypto space, with Bitcoin being the natural first and main choice for many of these institutions.

But how long can these gains continue at this neck breaking pace, before one of its dreaded and often before seen crashes occur?

Tis the Season for Bitcoin

Bitcoin has truly dominated the financial headlines as of the past few months, with CNBC and other financial outlets plugging the crypto currency over and over again.

This has led to much speculation and much hype surrounding the asset class and for good reason, the gains experienced in the Bitcoin marketplace have been truly historic.

(Chart source, coindesk)

At the time of writing, Bitcoin stands at $22,478.27 USD, moving up from a low seen on December 11th of $18,137.32 USD.

This means that in one week's time, Bitcoin has gained a stunning $4,340.95 USD per coin. 

Say what?

Those buying in at these prices need to have stomachs made of steel, as this is starting to look like one of Bitcoins many "blow off" tops that it has had countless times throughout the years, only then to be rebought by stronger hands at lower prices.

Many people have discovered that this is one of the most volatile and turbulent asset classes that you could possibly buy into, making you fabulous gains overnight, only to evaporate before you go to bed again at night.

However, for those who have "stuck" it out for the long-term, dollar cost averaging into Bitcoin month over month, have done remarkably well, outpacing any other asset class on the market.

Practice Extreme Caution Moving Forward

For those who are new to the Bitcoin space, you may be expecting these gains to continue indefinitely, however, Bitcoin is a fickle lover and what it gives, it rapidly takes away.

Remember, the price of Bitcoin was trading as low as $10,555 USD per coin as of early October, meaning that it has more than doubled in only two months!

Typically this is a giant red flag for any asset, any stock, or anything in general. 

A large correction is likely to occur as investors who have profited wildly in the past few months take money off the table and secure their gains.

I would not be surprised to see Bitcoin suffer a retracement back to the $15,000 USD level, however, anything is possible at this point, as Bitcoin has continued to prove time and time again. The volatility is just that extreme within this space.

Gold and Silver Bullion Continued to be Underappreciated

Meanwhile, Bitcoin's older cousins, gold and silver bullion continue to be foolishly ignored.

(Chart source, goldprice.org)

Many investors see the continued stagnation in the price of gold and silver bullion as being directly related to the meteoric rise in Bitcoins price.

This may be somewhat true, even if it does not paint the full picture, as precious metals and cryptos are two wildly different asset classes, that serve very different purposes to those who have more than a superficial level of knowledge of the two asset classes.

I do believe however that this is a trend that cannot and will not continue, as I know many investors within the crypto space who strongly believe in the fundamentals of precious metals and their necessity as an insurance policy against rising inflation and geopolitical risk.

It is very likely that if the bull market for Bitcoin continues into 2021, then you are going to see some crypto investors diversify a portion of their gains out of the crypto space and into precious metals, causing the metals to play "catch up" and move significantly higher.

There simply is no replacement for physical precious metals in your personal possession, despite what some within the crypto space would try to tell you.

In Conclusion

To make any solid predictions on what is going to unfold throughout the course of 2021 is an incredibly difficult task for even the most brilliant of financial minds, however what is almost guaranteed at this point is that 2021 is going to be filled with extreme risk and uncertainty.

COVID-19 will continue to plague the world well into the year and more financial bailouts are going to be needed if the system has any hopes of staying afloat until the true end of this crisis.

Money printing is going to continue to occur at a record breaking pace and inflation will follow suite.

This is exactly why you are seeing alternative assets such as Bitcoin being bought so heavily and is exactly why I believe that we are going to see precious metals break free from its shackles as we head throughout next year.

Until then, be safe and as always, keep stacking.

- Source, Nathan McDonald via the Sprott Money Blog

Rick Ackerman: Second Great Depression Starts in 2021

Analyst, professional trader and financial writer Rick Ackerman likes gold and silver too, but not because he sees explosive price rises. 

He likes precious metals because they are solid core investments. They work well in inflation or deflation. 

They are rugged and will work no matter what comes. Ackerman thinks what is coming will be far worse than the Great Depression, “I call it the ‘Second Great Depression.’

What are we going to have? A zombie apocalypse? I use the example of somebody riding to the soup kitchen on an $8,000 graphite trail bike.

We are going to find out how many of the jobs are completely unnecessary, like 95% of people who work for government. That’s coming.

It’s coming sooner or later, and we are going to have a time or day of reckoning. How long can this con go on? 

We are in a very unstable position and, financially speaking, we have stimulus not stimulating anymore in a meaningful way.”

- Source, USA Watchdog

The COVID-19 Vaccine Will Define the Economy in 2021

By now I'm sure that you have already had one, two or possibly even more conversations with family and friends about the rapidly approaching wave of COVID-19 vaccinations that are about to inoculate the world.

Without a doubt and I believe unarguably at this point, this will be the most dominating news headline as we head into 2021 and as we proceed throughout the year.

The rollout of this vaccine, its success rate and the ability for officials around the world to convince a large enough percentage of the population to take it are all contributing factors in how the global economy for 2021 is going to be defined.

The question is, how will it all play out?

The COVID-19 Debate Rages On

On one side, you have a large percentage of the population eagerly anticipating the rollout of the COVID-19 vaccine, with the majority of governments eager to get their hands on as many doses, as quickly as possible.

On the other side of the aisle, you have a smaller, however still very significant percentage of the population who are questioning the COVID-19 vaccine, whether it be from the angle of how rapidly it was developed, or how the long term effects are yet unknown.

I am not here to argue either side of the debate, however, it is undeniable that this topic is only in its early days and is going to rapidly become the "hot" topic of 2021, that will divide many friends and family members.

Those on the side of being "anti" the COVID-19 vaccine are not isolated to just those who are considered anti-vaxxers in general, with approximately 40% of the American population having some form of reluctance to get the vaccine.

Obviously, those deemed anti-vaxxers in general are naturally on this side of the argument, however, many prominent figures have stepped forth, who are typically pro vaccine, arguing against it.

One of the most recent people to join these ranks is Kyler Kemper, the half-brother of Justin Trudeau, the latter of which is the Prime Minister of Canada.

The National Post reports;

Kemper said there remains a “gigantic divide” in the scientific community over the COVID response. “Vaccine manufacturers are exempt from liability. That scares me. There are so many ways we can improve our immune systems to counter coronavirus. The sun gives us vitamin D and it’s great for the immune system. But Justin and the public health officials don’t tell people to get outside and get vitamin D,” he said.

Kemper said “the global health dictatorship” has imposed a response that has ultimately made people less healthy, with rising levels of suicide and depression, as well as “obliterating” small businesses such as the seven restaurants his family runs in Ottawa.

“It does not warrant all this hype and mania and doesn’t necessitate an experimental vaccine being rushed to market,” he said.

Some of the points that Kemper states are similar to arguments that you have heard throughout the course of the COVID-19 pandemic, such as the fact that there are ramifications to the lockdown, such as higher rates of substance abuse, depression and suicide.

Meanwhile, those who are in favor of the lockdowns state that without the lockdowns, COVID-19 would be even more severe of problem than it already is, with a magnitude more of lives being lost due to the pandemic running unchecked.

Hindsight is 2020 as they say.

Additionally, it is true that an ungodly amount of resources have been dedicated to developing an effective COVID-19 vaccine, with over 200 companies working day and night to discover an effective treatment.

This has resulted in a discovery rate that would typically take years to uncover in a standard vaccine clinical study, meaning that in all likelihood the COVID-19 vaccines that have been approved by many countries in the West are deemed safe, at least in the short term.

Vaccine Manufacturers Will Not be Held Accountable for Long Term Effects?

Even though a monumental amount of resources have been dedicated to discovering an effective COVID-19 vaccine and even though companies can guarantee that the COVID-19 vaccines being issued are safe in the short term, they however cannot state definitively that they are safe in the long term.

This is the major sticking point for many people around the world who are currently reluctant to take the COVID-19 vaccine immediately, as even the companies themselves have made governments sign off on liability protection against COVID-19 vaccine related injuries.

As stated in the New England Journal of Medicine;

"Equally important is offering companies protection against potentially substantial liability should Covid-19 vaccines cause real or perceived injuries to recipients. Manufacturers won’t agree to procurement contracts or ship vaccine without liability protection. 

According to an AstraZeneca executive, for example, in the company’s bilateral contracts, it has been granted protection against legal claims arising from the use of its vaccine products, since it “cannot take the risk” of liability."

Ironically, a statement out of Australia was just released today, indicating that one of their COVID-19 vaccine trials would have to be stopped, as a number of participants received false positives for HIV after being inoculated with their version of the vaccine.

Zerohedge reports;

The Australian government has canceled further development of a COVID-19 vaccine after several trial participants had false positive tests for HIV. The vaccine was being developed by the University of Queensland, while Australian biotech company CSL Limited had been under contract to provide 51 million doses. The vaccine had been on schedule for mid-2021, with phase two and three clinical trials due to commence in December.

"Our processes will not be compromised. At the end of the day, the Therapeutic Goods Administration – like with any vaccine in Australia – must give their tick-off. Without the tick, there’s no jab when it comes to vaccines in this country. That is true for the Covid-19 vaccine, as it is true for any other vaccine that is administered here in Australia," Morrison added.

On the other side of the argument, this should be considered good news, as things may be rushed, but at least checks and balancing are still being applied, with the safety of the vaccine being paramount, as a botched rollout of the COVID-19 would have long lasting negative effects on the vaccine industry in general for decades to come.

In Conclusion

I believe that this debate is going to rage on well into 2021, with many armchair doctors rising up to do battle against one another over many family dinners for months to come.

Regardless of which side of the debate you stand on, you cannot deny the fact that a safe, effective COVID-19 vaccine that is accepted in the hearts and minds of the majority of the worlds population is paramount to the health of the global economy in 2021.

Without it, it is unlikely that government officials will lift all lockdown restrictions, restrictions that have utterly killed the travel industry and so many other sectors of the economy.

Sadly, it appears that 2021 is set to be yet another turbulent year, continuing on with the trend set in 2020.

Until then, stay safe and as always, keep stacking.

- Source, Nathan McDonald via the Sprott Money Blog

Bitcoin is on Fire: Gains Over $3275 USD in Less Than a Week

Although both gold and silver bullion are recovering nicely at the time of writing, with gold cresting above the $1840 USD per oz mark and silver above $24 USD per oz, they do however continue to be stuck in a trading range, with repeated pressure keeping them from moving to new highs.

(Chart source, goldprice.org)

One market that is also experiencing continued setbacks, only then to rally hard into strength is the king of the Crypto markets, Bitcoin, which is once again nothing short of being on red hot fire.

The Rollercoaster Ride Continues

Last week I discussed how Bitcoin had a phenomenal month of gains throughout November, only to then suffer a massive correction, sending the price tumbling by thousands of dollars in the span of only a few short days.

(Chart source, coindesk)

Fast forward to this week and those losses have been completely and utterly eradicated, as Bitcoin has found its footing in record time and has galloped past the $19,000 USD per BTC level, with it reaching a market cap of over $353.80B at the time of writing.

This is truly mind boggling, as it means that BTC moved from its setback low experienced on November 26th of $16,490.59 USD to its recent rally high experienced on December 1st of $19,768.15 USD in a matter of only five days!

This was an increase of $3277.55 USD per BTC, or 16.5% in gains, in less than one week.

Talk about volatility.

Still, many analyst seem to have faith in this move higher and some are making very lofty predictions, such as Bloomberg's Crypto department which recently stated the following;

“Bitcoin will maintain its propensity to advance in price into 2021, in our view, with macroeconomic, technical and demand [versus] supply indicators supportive of $50,000 target resistance, implying about a $1 trillion market cap.”

These predictions come largely based on the fact that many investment firms still do not hold a solid Crypto position, with BTC being the first "go to" coin to hold within that space, as well as the fact that only 900 BTC are being mined per day now, compared to 1800 per day in 2017, due to the halving that occurred within BTC.

Of these 900 BTC being mined per day, one firm alone, Grayscale Bitcoin Trust is gobbling up approximately 70% of them, taking the majority of them off the market instantly.

Also spurring on this demand is the stark reality that inflation is going to be a huge, continued problem in the years to come, due to the historic levels of money printing that has occurred and is still yet to occur due to the COVID-19 pandemic.

This has many Bitcoin investors worried and is one of the many reasons why they are fleeing into an asset class that they believe will offer them protection in the coming days.

Precious Metals Advocate Nigel Farage Joins the Bitcoin Party

Joining in on the recent action and adding some more positive news to the world of Bitcoin is Nigel Farage, the man who many believe "made" BREXIT happen.

In addition to being a renowned politician within the UK and abroad, loved by some and hated by others (depending on which side of the aisle you stand on), Nigel Farage has also been a stout supporter of alternative currencies that compete with the government controlled fiat based system.

For the past decade, Nigel Farage has appeared on precious metals podcasts such as King World News and many others, preaching to the masses about the protection that precious metals can offer and warning of the dangers surrounding fiat money printing run amuck.

Nigel has ultimately been correct in many of his predictions and has been proven to be a man that oftentimes ends up on the correct side of a trade.

It is therefore being taken quite seriously that Nigel Farage has decided to enter into the Bitcoin space, going on the record stating that he believes in it for the long-term.

In a recent interview with Sam Volkering, Nigel Farage stated the following;

“From the poorest to the richest in the land, one of the conversations that are going on is about cryptocurrency. The reason is all too obvious: it's that governments are, through this pandemic, creating vast amounts of funny money, debasing currencies, and people are scared about what this means for their money, their investments.”

In edition to this, Nigel Farage, ever being the anti-establishment type stated that Bitcoin is the “the ultimate anti-lockdown investment.”

In Conclusion

Whether or not Bitcoin will reach the $50K levels predicted by Bloomberg and many other analysts who strongly believe in the Crypto marketplace is yet to be seen, however, at this stage of the game and with this much fiat money printing occurring, anything is possible.

We know for certain that more fiat money creation, more bailouts and more stimulus plans are yet to be announced and will be coming throughout the course of 2021 and beyond.

The train cannot be allowed to stop, whether or not we are in the midst of a pandemic, the entire house of cards would come tumbling down and the financial elites cannot risk that.

Alternative assets that are scarce, limited and suffer from natural supply restraints such as precious metals, Bitcoin, high end art and collectibles are going to continue to adjust higher due to this historic influx in the supply of fiat money.

I strongly believe that 2021 is going to be an interesting year, that is going to shatter many previously set records.

Until then, stay safe and as always, keep stacking.

- Source, Nathan McDonald via the Sprott Money Blog