The Shad Olson Show

Top Menu

  • Home
  • POLITICS
  • U.S.
  • WORLD
    • EDITORIAL: Shad Olson
  • RADIO
  • Contact Us

Main Menu

  • WORLD
  • U.S.
  • POLITICS
  • ECONOMY
  • TODAY’S SHOW
  • RADIO
  • VIDEO
  • Home
  • POLITICS
  • U.S.
  • WORLD
    • EDITORIAL: Shad Olson
  • RADIO
  • Contact Us

The Shad Olson Show

The Shad Olson Show

  • WORLD
  • U.S.
  • POLITICS
  • ECONOMY
  • TODAY’S SHOW
  • RADIO
  • VIDEO
BREAKING NEWSECONOMY
Home›BREAKING NEWS›At $20K, Shad Olson Predicted Bitcoin Collapse to Gold Price or Below

At $20K, Shad Olson Predicted Bitcoin Collapse to Gold Price or Below

By Shad Olson
November 23, 2018
2724
0
Share:

The money masters of the universe are nothing if not jealous guardians of their casino,” Olson said. “They don’t take kindly to competition of any kind that they cannot either control or kill. And in the case of Bitcoin, it is far more likely that they will kill it than ever figure out how to control it.”

Bitcoin’s epic plunge continued on Black Friday, with the flagship cryptocurrency trading at $4,286 and below, down more than 600% from its high of $20,000 in late 2017. (CME price flashes had actually topped $27,000 in December trading, but failed to hold that level.)

An independent investor specializing in crude oil futures who has built his fortune using a proprietary algorithm correlating the U.S. Dollar index and WTI price, radio host, journalist and author, Shad Olson readily admits Bitcoin as the largest trading miss of his life, bailing on the cryptocurrency in early 2011 after the infamous unsolved Mt. Gox hacking event in which $900-million disappeared from the world’s primary online Bitcoin exchange.

“At the time, it seemed obvious with simultaneous statements by Credit Suisse and Goldman Sachs floating the idea of competing cryptos and calls by the IMF to criminalize cryptocurrencies as a destabilizing influence on world currencies that the global banking cartel was about to destroy Bitcoin and slam the door on similar impingements on their global fiat dominance,” Olson said.

“I bit the bullet and pulled the plug and took a relatively modest profit.”

He was seven years too early, a mistake worth $20-million in lost profit, or more that Olson says has cost him more than a few sleepless nights.

In summer 2017, Bitcoin exploded, doubling in price three times in three months, topping at $20,000 and change and flashing higher, inspiring some analysts to predict $100,000.00 as a Bitcoin price possibility.

Olson knew better and posted to social media openly predicting a closing of the parabola that would take Bitcoin back down the ladder in almost a mirror image of its stratospheric rise, predicting Bitcoin would be trading at or below the price of an ounce of gold by January 1, 2019.

“What should be more troubling to BTC investors is that all of the really bad things that could happen to cryptocurrencies and the crypto market are still waiting to happen,” Olson said.

“High frequency trading and mass shorting are small potatoes compared to the launching of a banking cartel competing crypto or the insertion of regulation to limit buying or selling or to criminalize crypto trading altogether. Those massively destructive things could still happen and in the minds of some fairly smart people, are still very likely,” Olson said.

Olson says due to the rapidity of the crypto’s meteoric rise, only modest resistance points exist on the downward slide, identifying $3,300 and $2,100 as two substantial shelves on the ride down.

“The money masters of the universe are nothing if not jealous guardians of their casino,” Olson said. “They don’t take kindly to competition of any kind that they cannot either control or kill. And in the case of Bitcoin, it is far more likely that they will kill it than ever figure out how to control it.”

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

TagsBitcoinBitcoin collapseBTCCryptocurrencyShad OlsonWTI
Previous Article

Endangered White Male: Marked for Extinction for ...

Next Article

‘We can do worser,’ California Vows to ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • BREAKING NEWSCULTURE WAR

    Facebook Removes Mueller Profile Pic Frames Hours After Report Finds No Russian Collusion

    March 29, 2019
    By Shad Olson
  • BREAKING NEWSCULTURE WAR

    Left Begins Conservative Cyber-Purge: Alex Jones Banned

    August 6, 2018
    By Shad Olson
  • EDITORIAL: Shad Olson

    The Kavanaugh Divide: Mothers Lament False Allegations Against Boys, Feminists Hate Their Own Sons

    September 25, 2018
    By Shad Olson
  • CULTURE WAR

    ANTIFA’s November 4th Insurrection and the Normalizing of Bolshevism

    November 3, 2017
    By Shad Olson
  • CULTURE WAR

    Generation Free Stuff: Millennial Net Worth $8,000 and Falling

    June 25, 2019
    By Shad Olson
  • BREAKING NEWSCULTURE WAR

    ‘F*** White People,’ Patriots Victory Floods Web With Triggered Anti-White Bigots

    February 5, 2019
    By Shad Olson

Leave a reply Cancel reply

  • BREAKING NEWSISLAM

    Couple Killed by ISIS on Cycling Journey to Prove ISIS, “Kind and Loving”

  • RADIOTODAY'S SHOW

    THE SHAD OLSON SHOW, MARCH 28, 2023

  • RADIOTODAY'S SHOW

    The Shad Olson Show, June 4, 2021

Timeline

  • September 22, 2023

    THE SHAD OLSON SHOW, SEPTEMBER 22, 2023

  • September 20, 2023

    THE SHAD OLSON SHOW, SEPTEMBER 20, 2023

  • September 18, 2023

    THE SHAD OLSON SHOW, SEPTEMBER 18, 2023

  • September 13, 2023

    THE SHAD OLSON SHOW, SEPTEMBER 13, 2023

  • September 11, 2023

    THE SHAD OLSON SHOW, SEPTEMBER 11, 2023

Latest Comments

  • Shad Olson
    on
    June 26, 2023
    William, Just to clarify for utmost clarity of clarification. That was an audio clip played on my ...

    THE SHAD OLSON SHOW, JUNE 23, 2023

  • William Jenkins
    on
    June 25, 2023
    "...most of us grew up with a killer instinct that you will never obtain. I'm ...

    THE SHAD OLSON SHOW, JUNE 23, 2023

  • Shad Olson
    on
    June 20, 2023
    Good to hear from you, Richard. And thank you for bearing up under the torturous onslaught ...

    THE SHAD OLSON SHOW, JUNE 19, 2023

  • Richard Ebersbach
    on
    June 19, 2023
    Shad, I've been listening to you since the first Trump republican debate when you joked about ...

    THE SHAD OLSON SHOW, JUNE 19, 2023

  • Bruce Whalen
    on
    December 7, 2022
    KABOOM! Shad, great analysis!

    Dakota War College: The GOP Fake News Operation Protecting South Dakota’s RINO Infestation

Find us on Facebook

logo

Regardless of political party, religious faith, economic class or avocation, Americans of every description must realize they are and have been targeted for obsolescence.

Defeating the long standing antihuman plot to control mankind covertly through every means necessary can only be defeated by a popular return to personal awakening and excellence.  It starts with you.

About us

  • THE SHAD OLSON SHOW
  • 1-7-SHAD-USA-75
  • 1-774-238-7275
  • shadolsonshow@gmail.com
  • Recent

  • Popular

  • Comments

  • THE SHAD OLSON SHOW, SEPTEMBER 22, 2023

    By Shad Olson
    September 22, 2023
  • THE SHAD OLSON SHOW, SEPTEMBER 20, 2023

    By Shad Olson
    September 20, 2023
  • THE SHAD OLSON SHOW, SEPTEMBER 18, 2023

    By Shad Olson
    September 18, 2023
  • THE SHAD OLSON SHOW, SEPTEMBER 13, 2023

    By Shad Olson
    September 13, 2023
  • Amid Mass Cremation Fears, China Delivers Another 40 Giant Incinerators to Wuhan

    By Shad Olson
    February 19, 2020
  • 14 Times Christine Blasey-Ford’s Testimony Didn’t Add Up (And Counting)

    By Shad Olson
    September 28, 2018
  • A Mother’s Choice

    By Shad Olson
    May 13, 2018
  • Blasey Ford GoFundMe Tops $500,000, Collects $350K After Senate Testimony

    By Shad Olson
    September 28, 2018
  • Shad Olson
    on
    June 26, 2023

    THE SHAD OLSON SHOW, JUNE 23, 2023

    William, Just to clarify for ...
  • William Jenkins
    on
    June 25, 2023

    THE SHAD OLSON SHOW, JUNE 23, 2023

    "...most of us grew ...
  • Shad Olson
    on
    June 20, 2023

    THE SHAD OLSON SHOW, JUNE 19, 2023

    Good to hear from ...
  • Richard Ebersbach
    on
    June 19, 2023

    THE SHAD OLSON SHOW, JUNE 19, 2023

    Shad, I've been listening ...

Photostream

    Follow us

    • Contact
    • About Us
    • Home