$100K BITCOIN IN 6 WEEKS, VETERAN TRADER DOUBLES DOWN ON END OF YEAR BTC PREDICTION!!

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

An investment firm that predicted Tesla’s meteoric ascent is extremely bullish on Bitcoin and says the BTC market cap could go as high as $5 trillion.

Also in today’s show, Credible Crypto predicts the Ripple XRP price will rise 12,900% in the next Bitcoin bull cycle.

In a comprehensive report, New York-based thematic investment firm ARK Invest sees massive growth potential for Bitcoin over the next few years despite its already impressive run that has defied expectations. 

“Our analysis suggests Bitcoin is early on its path to monetization, with substantial appreciation potential. In our view, Bitcoin’s $200 billion market capitalization – or network value – will scale more than an order of magnitude to the trillions during the next decade.”

Specifically, ARK Invest points out that the adoption of Bitcoin as a global settlement network, as a protection against asset seizure, as digital gold, or as a catalyst for demonetization in emerging markets has the potential to fuel the growth of the crypto asset’s market cap.

Despite their high evaluation of the crypto asset, ARK Invest points out the several risks that threaten Bitcoin’s growth potential.

For one, ARK Invest says security breaches and institutional mismanagement have cost investors millions of dollars with no legal recourse.

Other risks are regulatory uncertainty and “over-institutionalization”, which the company says could cause a monopoly in Bitcoin transactions and present an “existential risk to bitcoin’s value proposition.”

Although risks are present, ARK Invest highlights the potential of BTC to print massive gains within a decade.

“Bitcoin offers one of the most compelling risk-reward profiles among assets, as our analysis suggests it should scale from roughly $200 billion today to $1-5 trillion network capitalization during the next five to ten years. In our view, capital allocators must consider the opportunity cost that will be associated with ignoring bitcoin as a new asset class.”

In other trending Bitcoin News today:

Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle

Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle.

In a new tweet, the crypto analyst tells his 68,000 followers that Ripple’s native token has the potential to massively increase one’s net worth in the coming years.

“Keep it real. XRP price IS NOT ‘pre-determined.’ XRP IS NOT ‘backed by gold.’ XRP WILL NOT reach the prices BTC has ($10,000+). XRP will NOT replace the dollar. But it doesn’t need to do ANY of these things to make you and me life-changing money over the next 3 years.”

When asked to provide his price prediction for the fourth-largest cryptocurrency, Credible explains why he believes XRP can skyrocket between $20 – $30 before the current bull market expires.

“…it’s gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their XRP for other projects. The ones holding now won’t sell soon.”

Not all analysts share Credible’s long-term bullish attitude towards XRP. Widely-followed veteran trader Peter Brandt told his crew of 375,000 to be cautious about investing in Ripple’s native asset.

“Don’t place your faith in XRP.”

Brand notes that Ripple’s ownership of more than half of the total supply of XRP is a potential liability.

He believes the token has more downside potential as it continues to underperform relative to other major cap coins.

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on Spotify: http://spotify.cryptonewsalerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Keep it real.$XRP price IS NOT “pre-determined.” $XRP IS NOT “backed by gold”. $XRP WILL NOT reach the prices $BTC has ($10,000+).$XRP will NOT replace the dollar.

But it doesn’t need to do ANY of these things to make you and me life changing money over the next 3 years.

— Credible Crypto (@CredibleCrypto) October 2, 2020

It won’t need as much as it seems it would. Many people think the same. But it’s gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their $XRP for other projects. The ones holding now won’t sell soon. https://t.co/jelsS4rTdc

— Credible Crypto (@CredibleCrypto) October 2, 2020

Don’t know about the long long term, but looking for $20-$30 over the course of this next bull run (2-3 years).

— Credible Crypto (@CredibleCrypto) October 2, 2020

https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARKinvest_091729_Whitepaper_Bitcoin_II_An%20Investment.pdf?hsCtaTracking=71be7529-9a39-404e-97b3-04fd4ccf80ec%7C07365ce1-0ed3-4835-9c3c-ac33c030cd70

https://dailyhodl.com/2020/10/05/investment-firm-that-called-teslas-meteoric-rise-says-bitcoin-targeting-5000000000000-market-cap/

Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle

https://cointelegraph.com/news/trump-price-dots-and-covid-19-5-things-to-watch-in-bitcoin-this-week

➡️ Tradecraft: http://tradecraft.cryptonewsalerts.net

Forget about $100,000. ‘Dread Pirate Roberts’ Ross Ulbricht expects the Bitcoin price to plunge to $1K before another bull run.

Ross Ulbricht, the founder of the infamous Silk Road dark web marketplace, has spotted ‘a strong signal’ for lower BTC price.

According to his new price analysis that relies on the Elliott Wave theory, the Bitcoin (BTC) price could plunge to as low as $1,200.

Ulbricht states that BTC is currently in the last stage of its first cycle degree bear market. Wave II is comprised of three primary-degree waves, with wave C being the largest one.

It is not clear how low wave II can go, but Ulbricht notes that the two previous bear markets resulted in 86 percent and 94 percent drawdowns, which means that there is more pain in store for the bulls. Hence, he notes that a similar price plunge could take Bitcoin all the way down to $1,200.

According to Ulbricht, it’s hard to estimate the duration of this bear market, but, based on the historical data, it could end this June.

‘Estimating the extent and duration of wave II is difficult and imprecise. There is no limit to how low it can go (except $0) because wave I started at $0.’

Ulbricht also says that Bitcoin could invalidate this bearish scenario is its price surges back above $14,000 (its 2019 high). However, this turnaround seems ‘unlikely to him.’ ‘

If the price rises above the peak near $14,000, we will have to reevaluate our interpretation, but at this point that seems like a very unlikely scenario.’

Back in December, Ulbricht predicted that BTC could surge to $100,000 in 2020, but the drop below the start of wave 2 ($4,200) on March 12 made such a bullish scenario improbable.

However, if BTC were to drop to this level, Ulbricht would view it as a ‘major buying opportunity’ before the start of wave 3.

Bitcoin (BTC) Halving Searches Breakout With Biggest Event in Crypto Just 30 Days Away

The Bitcoin halving countdown has reached the one-month mark with estimates targeting 29-31 days left to go.

The BTC halving event will reduce the amount of new Bitcoin entering the circulating supply by dropping mining rewards by 50%.

The event has triggered increasing interest as central banks resort to money printing to counter the economic blow of coronavirus.

“Bitcoin halving countdown”, “Bitcoin halving price chart” and “Bitcoin halving clock” are all currently trending on Google as breakout searches in the US. “Bitcoin halving prediction”, “Bitcoin halving price prediction” and “Bitcoin halving 2020” are all breakout searches worldwide.

Follow Us:

➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://medium.com/@RossUlbricht/bitcoin-by-ross-9-a-strong-signal-for-lower-prices-87d2cdcdba95

https://u.today/bitcoin-btc-price-is-likely-to-plunge-to-1k-says-silk-road-founder-heres-when-this-bear-market

➡️ “The Crypto Catch-Up” – Teeka Tiwari Live Event: Register here: http://teeka.cryptonewsalerts.net

Bitcoin is set to reach $400,000 if Joe Biden wins the US presidential election, according to financial guru Max Keiser, RT host of the Keiser Report.

BTC is now set to surge far beyond its former all-time high, when it reached $20,000 in December 2017.

The popular crypto expert has predicted that Bitcoin will surge to $28,000 by the time of the inauguration day if Joe Biden is elected.

The US election and PLANdemic has caused major uncertainty in world markets with tech stocks and the US dollar falling in value.

Cryptocurrency guru Max Keiser shared the following tweets on Crypto Twitter:

“A Biden win* will lock China’s global supremacy, crash the USD, send BTC to $400,000 – as $100,000,000,000 in global managed funds start allocating into BTC to escape. Expect BTC well above $28k by Inauguration Day.”

“2016 Russian election influence categorically proven false 2020 Chinese election influence; by the time the hearings are over, will categorically be proven true. By which time, Bitcoin will be over $100,000. Are you ready?”

He also tweeted:

“A Biden win will trigger a stampede into Bitcoin as the global wealthy attempt to escape.”

The coronavirus PLANdemic has also affected Bitcoin with investors choosing to transfer their assets to safe heavens.

Confidence in Bitcoin has escalated after PayPal announced it would allow payments using the crypto-currency.

Speaking to CNBC Bitcoin investor Mike Novogratz also claimed a Joe Biden win would be good for cryptocurrencies.

He said: “Less fiscal, more Fed, good for crypto.

“We have crossed the Rubicon in crypto adoption, and we’re at the start of a really big bull market there. “You’re going to have every central bank issuing a digital currency within the next five years.”

If Mr Trump wins the 2020 US election it may lead to Bitcoin rising much slower than under his opponent’s administration.

In other trending Bitcoin News today:

“SQUARE AND GRAYSCALE ACCUMULATED $2.3B WORTH OF BITCOIN OVER Q3”

Bitcoin has undergone a strong surge over the past few months in the face of the worst economy in a few decades and much uncertainty.

From the March lows, the price of the leading cryptocurrency has rocketed higher by around 350%, outperforming most other macro assets.

BTC currently trades for $15,700, far above the 2019 highs and almost at the 2018 highs.

The leading cryptocurrency has gained 50% in the past 30 days alone, managing to gain steam despite bearish news events.

This strong rally in the Bitcoin price seems to be related to institutional and retail accumulation.

Ikigai Asset Management’s Hans Hague recently noted that per his analysis, Square and Grayscale alone have accumulated $2.3 billion worth of Bitcoin in the past quarter.

Grayscale is a digital asset manager, the world’s largest, while Square is the fintech company that offers Bitcoin purchases for its clients via the Cash App.

To put this amount of BTC into context, Bitcoin miners brought in around $1 billion worth of BTC over the course of the past quarter.

This suggests that with Grayscale and Square’s inflows alone, there was a shortfall of $1.3 billion BTC, which likely contributed to the upside.

“In 2020-Q3, Bitcoin Miners brought in just under $1 Billion USD. That’s new BTC + Fees. Square and Grayscale alone took in $2.3 Billion USD. That’s a 1.3 Billion USD Shortfall. Supply and Demand.”

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on Spotify: http://spotify.cryptonewsalerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

A Biden win* will lock China’s global supremacy, crash the $USD, send #BTC to $400,000 – as $100,000,000,000 in global managed funds start allocating into BTC to escape. Expect BTC well above $28k by Inauguration Day. ————————————-

*Contested

— Max Keiser (@maxkeiser) November 6, 2020

2016 Russian election influence categorically proven false 2020 Chinese election influence; by the time the hearings are over, will categorically be proven true

By which time, #Bitcoin will be over $100,000

Are you ready?

— Max Keiser (@maxkeiser) November 6, 2020

Square and Grayscale Accumulated $2.3b Worth of Bitcoin Over Q3

It’s a “Matter of Time” Before Bitcoin Hits $20,000: Analyst