By Barry Elias
June 21, 2014
On April 11, 2014, I penned a piece for Newsmax suggesting a positive prognosis for bitcoin.
The previous day, the price of bitcoin closed at $360.84, according to Coindesk, a digital currency publication.
Within 5 days, the price rose nearly 50 percent. On June 3, 2014, the price was $665.73, an 84 percent increase.
The current price of bitcoin is $588.52, a 63 percent gain in slightly more than two months.
He serves as an economic consultant to Dick Morris, former political adviser to President Bill Clinton and was acknowledged by Mr. Morris in his four most recent books: Screwed ! (2012); Revolt ! (2011); 2010: Take Back America — A Battle Plan (2010); and Catastrophe (2009).
He served as a policy strategist to Herman Cain during his 2012 Republican presidential campaign.
Mr. Elias, a member of the Newsmax Financial Brain Trust, provides weekly commentary to Newsmax Media’s Moneynews.com.
He collaborated on education policy with S.P. Kothari, Deputy Dean of the MIT Sloan School of Management, and he has been in discussions with Dr. James Heckman, Nobel Laureate in Economics, to collaborate on a future book release.
Mr. Elias graduated Phi Beta Kappa from the State University of New York at Binghamton with a degree in Economics.
He currently resides in Manhattan with his wife and son.
Elias Economics 