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April
22
2021

Do You Know What BTC, Doge Coin and NFTs Have in Common
with Gold, Silver and Oil?
JS Kim

This year, Beeple, a digital artist whose highest price garnered for one of his works as of October 2020 was a mere $100, fetched more than $69M for a piece he transformed into an NFT. Doge Coin, a cryptocurrency that started as a tongue-in-cheek joke and the cryptocurrency favored by Shiba Inus worldwide, increased to a high of $0.4377 this year, a 1,563.2X multiple over its price of not even 1/3 of one penny ($0.0028) that it held for long periods of time during 2020. For both of these assets, it’s not difficult to convince recent buyers of such assets that the insane price bubble that has formed in these assets may soon pop. However, tell anyone that bought BTC at a post $40,000 price on the hopes it will hit the $250,000+ year-end price so heavily promoted by many of the most prominent owners of bitcoin that are obviously just selling their books, that BTC’s price holds similar risk at the current time, and you will observe a most interesting phenomenon. Almost all BTC HODLers that admit the risk of the price bubble in NFTs and in doge coin simultaneously dismiss any potential risk in the current bitcoin price of $60,000+ (as of the writing of this article and posting on my platforms though the price has dropped considerably as of the posting on any platforms outside of skwealthacademy websites). So why can people so clearly identify risk in some assets but simultaneously just as adamantly dismiss risk that clearly exists in another?

There is a definite common denominator among Bitcoin, Doge Coin, NFTs and dozens of commodities like gold, silver, oil, soybeans, copper, rolled steel, aluminum, rhodium and palladium. Can you guess what it is? The common denominator is that all of these assets are subject to wild rides in price both higher and lower (though with gold, silver and platinum, it is mostly lower, and almost never higher) due to (1) a few massive whales that control asset prices through ownership of the underlying assets; (2) a few massive whales that control asset prices by controlling the derivative markets for these assets; or (3) a combination of (1) and (2). The other common denominator is that most holders of the commodities and HODLers of cryptocurrencies really don’t fully understand how the big whales use the derivative markets to move the price of these assets so drastically. It's not that none among this community understand this game. There are some that definitely do understand, and these are the players that never hold but successfully exit near peaks in price and patiently wait for price crashes to re-buy. However, this does not apply to the majority of the masses. This is clearly evident by comments I frequently read in articles posted on mainstream financial sites like Bloomberg, Reuters, the Wall Street Journal and financial blogs that are just flat out incorrect regarding the price mechanisms that control gold, silver, platinum and cryptocurrencies. 

For example, ask any BTC HODLer today if he or she believes BTC prices could be manipulated to crash to $9,000 from a price of $60,000+ and most will say that this event is impossible even though the exact same percentage crash was manufactured by Central Bankers via manipulation of the BTC futures markets barely three years ago, from a price of $20,000 to $3,000. At the end of last year, if you asked physical gold and silver holders if they anticipated a glorious ramp higher for gold and silver asset prices to start 2021, many would have answered yes simply because the start of each New Year seasonally tends to mark very strong performance for gold and silver asset prices. Delusion abounds everywhere when it comes to proper risk assessment of asset prices - in precious metals, in cryptocurrencies, in agricultural commodities, in crude oil, and in industrial and rare earth metals.

However, just reference this article published on my news site, in which I stated this explicit warning about an imminent gold and silver price smash about ten weeks ago,  “Mark my word, it is near guaranteed that the CME will be raising margins in gold, silver, platinum and palladium futures soon, perhaps really soon.” And when did the CME actually hike initial and maintenance margins on gold and silver futures contracts? They hiked these margins, initiating a waterfall decline in gold and silver futures prices, not even 24 hours after my issued warning, that lasted the entirety of Q1 2021 from respectively about $1876 and $30.14 per ounce to lows of $1767 and $23.80 about ten weeks later. The drops in gold and silver futures and spot prices represented respective drops of 5.8% and 21% in underlying futures markets and considerably larger drops in the range of 25% to 40% in related precious metal mining stocks over this same investment period. 

And as my patrons know, I told them to not purchase any gold and silver mining stocks or any physical ounces for the entirety of this period until just a couple of weeks ago, with the provision of specific names of gold and silver mining stocks, including a handful never considered by most Westerners simply because they trade on stock exchanges outside of the US and Canadian exchanges in which most precious metal mining stocks trade. However, the larger question to answer is the following: What makes such large and extended price drops foreseeable? Large whales that control these derivative markets manipulate prices almost constantly and if you follow the markets for many years (in my case, for decades), then certain manipulative trading patterns emerge over decades that allows one to predict market manipulations. Of course, the traders alter their manipulation patterns over time to cover their tracks but knowledge of these patterns allow one to assess correctly, most of the time through educated speculation, which price smashes will grow larger over time, which price smashes are temporary blips in an extended period of upward price appreciation, and which price reversals are just "head fakes" designed to sucker more money into long positions before prices will be once again smashed downward (you may view clips of my guidance in gold and silver price predictions issued to my patrons earlier this year in this link if you wish). In other words, in my opinion, there is no better predictor of future prices among all asset classes, than the observation of manipulative behavior that manifests in these markets, and especially of observation of the behavior of (1) the largest whales of ownership and (2) the largest whales that constantly lurk in the derivative markets for these assets.

In the cryptocurrency game, the big whales are manipulating BTC prices with their control of both derivative markets and with their centralized control in the ownership of underlying assets. Less than a thousand BTC owners are estimated to control more than half of all mined BTCs to date, and in reality, the top ten largest BTC whales possess enough clout to move the price significantly themselves without the aid of the other 995 large whales. In addition, in 2018, Central Bankers clearly utilized the newly minted BTC futures market to smash BTC prices by 85% in less than a year. Since then, the other big whales, the retail owners, have almost always perpetually manipulated prices higher. In fact, my observation of the manipulative behavior of the big whales that allowed me to predict a sustained downward price push in gold, silver and platinum prices for the entirety of Q1 2021, was exactly the factor behind my call in November 2020 for bitcoin prices to double this year. Of course, though that prediction came true, it still fell woefully short of the high BTC price established thus far this year. That acknowledgement aside, the more important point to understand was the primary reason I made that referenced prediction above in the first place - behavior in BTC futures markets at the end of 2020 pointed to a massive push by large BTC whales to move the price aggressively higher in the start of the new year. 

Indeed, it is curious why those that invest in gold, silver and BTC for the most part, with the exception of a few people that I can count on one hand, all seem to acknowledge the heavy price manipulation of precious metals prices that occurs in precious metal derivative markets. However, most simultaneously deny that any price manipulation occurs in bitcoin or other cryptocurrency markets and that completely free market action dictates BTC prices. I suppose this committed narrative that bitcoin is the money of those that believe in liberty and freedom has been embedded in the psyche of the BTC community through the message Satoshi embedded in the blockchain when he minted the very first bitcoin.

Other than this built-in narrative from the birth of bitcoin, the divergence in a topic that should produce a convergent, not divergent opinion, really is inexplicable.  And this year, even with the strong endorsement of bitcoin by oligarchical banking figures, like Goldman Sachs’s Gary Gensler of the SEC, US Central Bank Chairman Jerome Powell, Facebook and Paypal icon Peter Thiel, and Twitter’s Jack Dorsey, among others, it is as if cryptocurrency ownership and a commitment to much higher prices have blinded some into praising exhibited behaviors that under any other circumstances, they would have aggressively questioned with suspicion. 

And the cherry on top of the sundae is to other establishment members like CBOE Global Markets, Direxion, and Fidelity Investments have all joined the global banking oligarchs in the BTC party, currently jostling for position to become the largest BTC ETF by asset size in the world by offering the first US based BTC ETF. I find this curious because normally, anyone that has an anti-establishment position as the vast majority of BTC HODLers claim to possess, would be infuriated with BTC derivatives markets being overtaken by figures that for years, they bashed as greedy, narcissistic and anti-humanitarian. So what in the world is going on? Are they, as BTC HODLers merely selling out and flip-flopping their positions to become pro-establishment only because pro-establishment involvement in launching the first US based BTC ETF is being sold by the MSM as wildly positive for much higher BTC prices? In other words, are they all selling out their “power to the people” movement they once claimed for the potential of further quick riches? Or is something more sinister at play here? My extensive research into this topic actually dates back to the establishment of the US Federal Reserve in 1913 in order to decipher all the clues, and I will be releasing this thesis likely within the next week on my own content sites.

Secondly, certainly as there is a large intersection in the Venn diagram chart between physical precious metal stackers and cryptocurrency holders, certainly there must be a fairly large segment of this Venn diagram intersection containing investors that are aware of the similarities in the manner in which the GLD and SLV ETFs were marketed in 2005 and 2006 and the manner in which future US BTC ETFs are being marketed today. As I’ve stated dozens of times in the past, one can either be naïve and believe these remarkable similarities are just coincidences or understand that banking oligarchs often use the same blueprint throughout history to achieve their global banking goals. Again, I am still finalizing my research in this arena as well and will release my conclusions in this matter in regard to the meaning of these similarities and what they predict for future BTC prices in the coming years in the imminent future. 

In the meantime, you can reference this explanation I posted on my news site here more than 12-years ago, about the use of Exchange for Physical (EFP) transactions to settle futures contracts in the gold and silver futures markets, as a sneak peek to make some predictions yourself for what my conclusions will be in the above matter.  I am 100% confident that the conclusions I will draw from this particular line of questioning will come true over the next few years. To hear the rest of my argument about why pricing of oil and precious metal commodities has much more in common with the pricing of BTC than one can ever imagine as all will be massively manipulated through financial derivative markets and with BTC, by also the centralized control of the underlying asset itself by the biggest whales (a condition that thankfully does not exist with physical gold, silver, platinum and palladium), just click the image at the top of this page. Please note that all skwealthacademy articles are always posted on my content sites first before anywhere else, including loads of additional articles/podcasts only posted on my sites. Check out my news site here, my podcast site here and my youtube channel here. You may also follow my podcast on iTunes here.

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J. Kim is the founder and Managing Director of skwealthacademy, a decade long passion project that is comprised of a complete online academy of 20 courses that specifically address 9 identified pillars of education absent in modern academic classrooms today. All articles such as this one are only possible because of the support of our patrons, so many blessings to all new and future patrons that support us. Please consider becoming a patron at www.patreon.com/skwealthacademy where you can receive further patron only podcasts and vlogs.

Among the elements critical to education, largely absent from academic classrooms, that we are intent on returning to the educational process through our online skwealthacademy are (1) an immediate restoration of critical thinking development, (2) an immediate return to corporate ethics that is now largely absent in the largest corporations in the world; (3) understanding of the differences between unsound fiat currencies and sound money, and how this misunderstanding contributes to the persistence of many of the world’s great suffering in the form of global poverty and hunger; and (4) the identification of life purpose to replace widespread materialistic pursuits that have created and spread elevated levels of loneliness, anxiety and opioid dependence in developed nations all around the world.  Follow me on IG: maalamalama and YouTube: maalamalama and receive news about the impending launch of skwealthacademy as well as sign up for my weekly newsletter by visiting maalamalama.com.

 

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