This video discusses a seemingly accurate Bitcoin price prediction made by Josh Mandel in November 2024. Mandel predicted Bitcoin would reach $84,000 on March 14th (Pi Day), which proved remarkably close to the actual closing price. The video explores the subsequent prediction that, if the $84,000 prediction held true, the next price target would be $444,402.75. The presenter investigates the basis of Mandel's predictions, exploring numerological patterns and a potential connection to a proposed US government Bitcoin purchase strategy.
To answer your request for more information on the US Government proposal, here's an excerpt from the transcript detailing that proposal:
Citation: "just recently Andrew hones the CEO of New Market Capital introduced the concept of bit bonds at the Bitcoin policy Institute for America event his proposal is asking that the US government issue two trillion dollar in bonds remember this is how the US government borrows money by creating bonds and it would allocate 10% of that 2 trillion that's 200 billion to buy Bitcoin and with the remaining 90% funding regular government operations now these bonds would offer an annual interest rate of 1% which is significantly lower than the current US 10-year rate of approximately 45% and this reduction could save the government $70 billion per year in interest expenses that it would have to pay to foreign governments and other investors and over 10 years that would save the United States $700 billion now after 10 years Bond holders would be entitled to get their interest plus up to 50% of bitcoin's price growth so by integrating Bitcoin into the national debt strategy the government wouldn't just diversify its Financial portfolio but it could also benefit from bitcoin's long-term growth"
This passage describes a proposal to issue $2 trillion in bonds, allocating $200 billion (10%) to purchase Bitcoin, with the remainder funding government operations. The proposal highlights potential savings on interest payments. The bondholders would also receive interest plus up to 50% of Bitcoin's price growth after 10 years. Note that this is a proposal, not a confirmed policy.
Imagine the US government needs to borrow money. Usually, it does this by selling bonds (like IOUs). This proposal suggests a new type of bond where a portion of the money borrowed would be used to buy Bitcoin.
Specifically, they'd borrow $2 trillion, use $200 billion of that to buy Bitcoin, and use the rest for regular government spending. This would save the government money on interest payments over the long term and potentially profit from Bitcoin's increase in value. Bondholders would get their initial investment back plus a share of any Bitcoin profits after 10 years. It's a way to reduce the national debt and potentially profit from Bitcoin's growth at the same time. However, this is just a suggestion – it hasn't been approved yet.
Let's break down the proposed Bitcoin bond deal from the perspectives of the US government and you, as an investor:
For the US Government:
For You, the Investor:
In short: The government is betting on Bitcoin’s growth to offset lower interest payments. You're accepting a lower guaranteed return in exchange for a chance to share in potential Bitcoin profits after a 10-year period. Both parties face risks. This is a complex financial strategy with significant uncertainties.
The video suggests that Josh Mandel's Bitcoin price predictions exhibit a pattern related to the numbers 3, 6, and 9. This is presented as a connection to Nikola Tesla's alleged fascination with these numbers, implying a possible mystical or numerological significance. However, it's crucial to understand that numerology is not a scientifically validated concept. It's a belief system that assigns meaning to numbers based on their symbolic value, not on empirical evidence or mathematical principles.
Is the numerological pattern a scientific concept? No. There's no scientific basis for claiming that numbers inherently possess mystical properties that predict future events. Correlation does not equal causation; the fact that numbers in Mandel's predictions might reduce to 3, 6, or 9 doesn't mean there's a causal relationship to the price of Bitcoin. It's a matter of interpretation and subjective pattern recognition.
Other examples where numerological patterns might be claimed to apply (but without scientific support):
It's important to be critical when encountering claims based on numerology. While the numbers 3, 6, and 9 might appear in Mandel's predictions and have an intriguing connection to Tesla's beliefs, this is insufficient evidence to suggest a real predictive capability. The occurrence of these numbers could be purely coincidental, and attributing predictive power to them is a form of confirmation bias.