BY TEEKA TIWARI, CHIEF INVESTMENT ANALYST, THE PALM BEACH LETTER Saxo Bank analyst, Kay Van-Petersen, made an outrageous call back in December 2016 .It was made in a report the firm put out called “Outrageous Predictions.” Van-Petersen predicted that the digital currency bitcoin would hit $2,000 in 2017.At the time bitcoin was priced at $754.What happened was an incredible 165% rise in just 5 months.But, Van-Petersen’s latest call on CNBC is for a much bigger rise ahead… He says bitcoin will hit $100,000 within 10 years, a 3,483% return!No one knows whether this stunning prediction will come true.But, the real story is much bigger than bitcoin… The real story is about the underlying technology that allows bitcoin to work.Van-Petersen’s prediction means that this entire sector would have to rocket up  23,990%!That’s in order for it to reach just 10% of the fiat currency trade.I call the unique opportunities in this sector “Silicon Valley Accounts”.The average gain in my Model Portfolio for these “accounts” is 593%!

They have returned 1,000 times as much as conventional IRAs or 401(k)s.They’ve outperformed every major asset class over the last four years.But the general public is only starting to catch on.For years, these “accounts” were used by sophisticated technology insiders to multiply their wealth by 100x or more.The best of these powerful “accounts” can turn as little as $52 into more than $1 million!But now, thanks to new user-friendly websites, these “accounts” are generating fortunes for regular Americans.Already, 1,793 people have become millionaires.And over 130,000 people have earned $10,000 or more.These “accounts” grew 5 times faster than marijuana penny stocks last year.The best part is… You only need to invest small amounts in order to see out-sized gains that could potentially fund your entire retirement… Even if you’ve never saved, never owned a 401k or IRA.Watch this informative video below to discover how you can see at least 200% returns with at least one of my “Silicon Valley Account” plays over the next 12 months.

If you follow technology news, or even financial news, you've likely heard of Bitcoin.Bitcoin is a cryptocurrency and the biggest "alternative currency" in the world.bitcoin anleitung deutschBitcoin is a fascinating concept, and while I won't explain it here, there are countless websites and YouTube videos explaining in detail how it works.ethereum trader redditLet's just say that it sounds like science fiction the first time you read about the mechanism behind it.bitcoin crime statisticsBitcoin was originally valued highly for it's ability to be traded anonymously, without any middleman, bank, or central exchange.bitcoin car magnetIt also appealed to libertarians, anarcho-capitalists, and anyone who was starting to feel a little uneasy about fiat currencies and the Federal Reserve.bitcoin ppt

It has also been used extensively at online casinos and other less-than-legal businesses online from the start.But a lot of legitimate businesses are starting to take notice, and a few PayPal-like Silicon Valley startups have popped up to help manage the new cryptocurrency.bitcoin bbc mundoAnd all this new interest and publicity has driven Bitcoin's value upwards.bitcoin botnet sourceBitcoin's value has been on a roller coaster ride since the beginning of the year, going from under $15/Bitcoin up to over $250/Bitcoin within the last few days, before crashing down to about $125/Bitcoin today.bitcoin achat en ligneYou can take a look at that for yourselves here.bitcoin miner usb buyThe most recent development is the halt of trading at the biggest exchange, MtGox (which apparently started out as the Magic the Gathering Online Exchange, humble beginnings eh?).

This screenshot was posted by a Redditor on the Bitcoin subreddit, snapped when he tried to execute a trade.Bitcoin has gotten a lot of press as its value has risen exponentially over the last few months.This includes a front page story on CNBC, also posted in the New York Times, about the future of Bitcoin and a big stakes taken in it recently.I think the basic foundation of Bitcoin is solid.The algorithms behind it are well designed, and it is very secure and almost anonymous (for the time being).However, I'm going to play devil's advocate and lay out what I think are the biggest threats to Bitcoin catching on, or even surviving in the long term: The Infrastructure to Support it is Terrible - The biggest Bitcoin exchange, MtGox is horrible.This is one of the main ways people exchange their dollars or euros for Bitcoins, and vice versa, so this is a big deal.Their trading engine crashes when there is any kind of panic or heavy traffic, and right now they've halted trading "for a market cooldown," without much further explanation.

Bitcoin needs a more reliable "main" exchange in order to survive, or at least a couple good ones with high volume.Its Value is Waaaay too Volatile - Yes, tons of people are making money off of this boom in value, but that's not the point of a currency.The value of a currency needs to be stable for a lot of people to feel comfortable using it for day to day transactions.Scalability - I'm not sure how well the P2P network will scale to having billions, if not trillions of transactions on daily basis (like cash does).And like every computer based encryption scheme, well, in 50 years I'm sure someone will figure out how to break this thing, if it doesn't change before then.Ease of use - The main users of Bitcoin so far have been highly computer-literate.It takes a while reading forum posts, researching different Bitcoin "wallets," and finding out all the precautions you need to take to make sure your Bitcoins never get jacked, before you can feel comfortable using it.It will have to take a lot more effort to make this thing easy to use for the Average Joe, who doesn't care what a "blockchain" is and doesn't know the difference between a "private key" and "public key."