Cliff High, one of the most highly-respected futurologists in the field, has made a bold prediction regarding bitcoin. He says that bitcoin will be worth $4000 in the future. He also predicted successfully that it would hit $688. He has made many other predictions about currency and precious metals in the past. He is also well-known for Youtube videos predicting other things like natural disasters brought on by climate change.

Prediction Factory

He has made some predictions about the future of humans on Earth that have been quite disheartening. Most of his predictions revolve around human suffering. His most recent prediction about that was that there would be huge water shortages in the future that would affect the entire human race.

Those that do not like to hear bad news should avoid his show on Youtube. He is known to discuss cataclysmic events with the guests that he has on the show. They make some pretty out there predictions and have a lot of theories swirling around the US government. High is known for his exhaustive research and ability to recognize how a negative trend is going to change another aspect of society.

Silver

He did this very accurately with his most recent prediction. Like investing giant George Soros, he predicted that currency in different markets was going to take a swan dive. Whenever this happens, precious metals like gold and silver usually increase in value. He predicted that silver would see some huge gains. He was with that prediction. He thinks that silver will continue to even climb and soon reach a value of $600. Gold is currently worth over $1000 and he thinks that someday silver will be on par with gold at some point in the future.

Digital Currency

If alternate forms of currency see an increase in value then digital currency should as well. At least, that was High’s theory when he first started researching bitcoin due to his prediction. He is known to do extensive research and really dive deep into whatever topic it is that he is trying to investigate.

Bitcoins are the most popular form of digital currency available. The currency has come under some fire recently because it is the form of payment that was mostly used by the online black market, Silk Road. The payments system was invented in the late 2000s by a Japanese developer. The developer released the currency as an open software system. No one has been able to actually pinpoint who the original creator of bitcoin was since it was originally released.

Like precious metals, bitcoin is an alternate form of currency. All currencies increase and decrease in value depending on different factors in the market. This is true with bitcoin just like any of the others. As the peer-to-peer system of making transactions becomes more popular bitcoin should increase in value. It will also increase as people start to fear using traditional forms of currency because of its value.

High has predicted that bitcoin will see a huge jump in value in the coming future. Right now, the coin is worth just under $700. High has said on his show, HalfPastHuman, that this is only the start when it comes to the inflation of the value of bitcoins. In fact, High thinks that BTC isn’t even a quarter of the way to its peak value. He thinks that, after it all is said and done, bitcoin will reach a value of $4000.

Bitcoin investors and enthusiasts have to be happy about that prediction. This will mean huge gains for them when it comes to the value of their holdings in the digital currency. The reason that he thinks that bitcoin will increase in value so much is the same reason that he aptly predicted the spike in the value of silver, increased interest. This is something that occurs when the traditional currency declines in value. Interest rates on precious metals spike inversely with the dollar. Cliff High thinks that the same thing is going to happen with bitcoin. He also thinks that it will happen in a much more drastic way because the market is much smaller and supply is so much smaller than that of precious metals.