đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
The number of people believing that Bitcoin could top $100,000 by the end of the year continues to grow, with the latest being Bloombergâs Senior Commodity Strategist â Mike McGlone.Â
By outlining the growing mass adoption, declining active supply, among other reasons, McGlone predicted that BTC could more than double its value in the next three months.
In other trending Bitcoin News today: National Bitcoin Adoption Will Drive A $1 Million BTC Price!
With several governments adopting Bitcoin, it is only a matter of time for the BTC price to reflect the bullish sentiment.
As more and more countries explore adopting bitcoin in one way or another, itâs become apparent that El Salvador has put the world on notice. Whether these nations just legalize and regulate bitcoin, adopt it as legal tender or use it as an investment vehicle, their interest is undeniable and growing by the day.
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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://bitcoinmagazine.com/business/nation-states-adopting-bitcoin-price
https://cointelegraph.com/news/bitcoin-jumps-toward-49k-amid-fears-5-plus-inflation-is-here-to-stay
You Might also like
-
0K Bitcoin (BTC) by 2030 Predicts Crypto Research Report | ETH, LTC, BCH, & XLM Price Predictions
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
A new report from a crypto research group suggests that the Bitcoin price could approach $400,000 in the next 10 years, with altcoins following its bullish example.
In the June 2020 edition of the Crypto Research Report, researchers predicted the price of Bitcoin (BTC) and other altcoins â Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM) â would get a huge surge before 2025, which may continue for at least five years. Â
âWe believe that Bitcoin is still at the very start of its adoption curve,â the report states.
âThe price of $7,200 at the end of 2019 suggests that Bitcoin has penetrated less than 0.44% of its total addressable markets [worth $212 trillion]. If this penetration manages to reach 10%, its non-discounted utility price should reach nearly $400,000.â
That would mean a price increase of more than 4,000% for BTC by 2030, but ETH, LTCÂ and BCH are also looking bullish in this scenario, with surges of roughly 1,600%, 5,000%Â and 5,400%, respectively.
However, XLM would see the largest increase: more than 11,000% from $0.07 to $7.81. ââ
The âLiechtenstein-based research group analyzed cryptocurrencies based on their target addressable market, or TAM, a metric used âto estimate a cryptoassetâs implied future price.âÂ
According to the report, TAMs for cryptocurrencies include remittance, tax evasion, offshore accounts, store of value, online transactions, micropayments, crypto trading, gaming, online gambling, consumer loans, reserve currency and others.
The report also observed on- and off-chain velocity metrics for altcoins and concluded that the âgrowth in the number of speculative transactions on exchanges is faster than growth of utility transactions to buy goods and services.â
âOn-chain velocityâ is a metric measured by transactions on a blockchain, while âoff-chain velocityâ is determined by trading activity on crypto exchanges.
When analyzing Bitcoin, the researchers noted the price of the cryptocurrency and its activity on exchanges both increased at roughly the same time:
âIf cryptocurrencies gain adoption for long-term hoarding purposes or for short-term spending on speculation or coffees, the price of crypto assets will go up,â the Crypto Research Report stated.
âHigh velocity on-chain and low velocity off-chain suggests that crypto assets are becoming increasingly used for speculation and not for store of value.â
In other trending Bitcoin News Today:
Why Top Traders Expect Bitcoin to Hit $13,000 Despite Short-Term Weakness
As NewsBTC reported previously, one analyst does believe that a continued defense of this crucial support region could be all that is needed to spark a movement up to highs of $12,000.
âI think, if we hold $8,800-8,900. From here to $9,600, then flip $9,300, crawling back up with acceleration above $10,000 and then $11,500-12,000 test,â he explained.
This analyst isnât alone in believing that Bitcoin could be well-positioned to see some major upside in the coming days and weeks.
Another popular pseudonymous trader explained earlier today that a massive liquidity pool around $10,500 indicates that a move to this crucial resistance is imminent.
From here, he believes Bitcoin could then push up towards $13,000.
âMacro BTC context: still think weâre heading towards $13K mid term. Massive liquidity pool around 10.5k, price tends to visit those sooner or later.â
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
Macro $BTC context: still think we’re heading towards $13K mid term. Massive liquidity pool around 10.5k, price tends to visit those sooner or later. pic.twitter.com/cb7AxhGRi4
â SalsaTekila (@SalsaTekila) June 29, 2020
Why Top Traders Expect Bitcoin to Hit $13,000 Despite Short-Term Weakness
https://cryptoresearch.report/wp-content/uploads/2020/06/Crypto-Research-Report-June-2020-ENG.pdf
https://cointelegraph.com/news/crypto-research-report-predicts-397k-bitcoin-price-by-2030
Post Views: 549 -
BITCOIN WILL GO INTO HYPERDRIVE AFTER SHATTERING $100K IN JUNE AND HIT $290K-$320K BY SEPTEMBER!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Crypto trader and YouTuber Ben Armstrong aka âBitboy Cryptoâ is predicting that Bitcoin will kick it into hyperdrive after shattering $100,000 âby the end of the second quarter, largely driven by the expiry of the quarterly futures contracts.
âI think the end of this bull run is the end of September, so weâll give it another month to run, and then match the stock-to-flow, you know, somewhere between $290,000, $320,000.â
In other trending Cryptocurrency News today:
Macro guru Raoul Pal says a new milestone for Ethereum demonstrates the platformâs ability to command the crypto and financial sectors.
âThings move faster than the speed of light in crypto adoptionâŠ.It is a test that tacitly accepts that crypto offers better settlement, custody and transfer for the global bond market. Something I have talked about for a decade⊠in the end, all securities of all types will migrate across to public blockchains.â
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
JPMorgan Offering Bitcoin Investments to High Net Worth Clients â Report
Post Views: 470 -
320: BITCOIN PRICE WILL HIT 0,000 SAYS CRYPTO ANALYST!! K BTC TARGET ON TRACK BY END OF 2020!!
âĄïž Tap into OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
The pseudonymous analyst who goes by the name Dave the Wave predicts the Bitcoin price will hit $500,000 â eventually.
Dave, a technical trader who correctly predicted the BTC collapse from $11,600 to $6,400 last year, is reacting to Tyler and Cameron Winklevossâ recent Bitcoin analysis.
The twin brothers and co-founders of crypto exchange Gemini say Bitcoin is undervalued as long as it trades below $500,000, citing the likelihood of hyperinflation in the US that could drive Bitcoin as a safe-haven asset.
âGood to see a reasonable price projected here by the Winklevoss brothers.â
In response, Dave shared his analysis of Bitcoinâs long-term trajectory, which tracks the cryptocurrencyâs past price movements and increasingly long cycles.
His chart shows Bitcoin could reach $500,000 sometime around 2029.
âWhen peaks are âsteppedâ, they meet on the logarithmic growth curve. With each subsequent cycle â from base to peak â an extra year is added.â
The trader, who refers to himself as a âBTC Centrist,â also recently released a projection predicting Bitcoin would hit $100,000 sometime in early 2023.
Thatâs a slightly more conservative projection than the one recently released by PlanB, the controversial analyst who burst onto the scene last year after being the first to apply the stock-to-flow (S2F) ratio to Bitcoin.
PlanBâs latest S2F forecast predicts BTC will hit $100,000 even earlier, by August 2021.
The pseudonymous analystâs newest cross-asset model, BTC S2F (S2FX), enables the valuation of different scarce assets like silver, gold and Bitcoin with a single formula.
It predicts Bitcoin will be worth $288,000 by 2024 year end.
In other trending Bitcoin News today:
BITCOIN COULD SURGE TOWARDS $20,000 BY END OF 2020: MARKET CYCLE ANALYSIS
A market cycle analysis by one crypto trader suggests that Bitcoin will hit $20,000 in the coming months, likely by the end of 2020.
The charts show that per historical market cycles, BTC is at the point of its ongoing bull market where it will begin its parabolic ascent towards its previous all-time high.
This market cycle forecast isnât the only analysis showing that Bitcoin could hit $20,000 by the end of 2020.
This strong sentiment has been echoed by a number of market participants.
Mike McGlone, the senior commodity analyst at Bloomberg Intelligence, commented in a research report on crypto:
âBitcoin is mirroring the 2016 return to its previous peak. That was the last time supply was halved, and the third year after a significant peak. Our graphic depicts Bitcoin marking time for a third year following the parabolic 2017 rally⊠Fast forward four years and the second year after the almost 75% decline in 2018, Bitcoin will approach the record high of about $20,000 this year if it follows 2016âs trend.â
Arthur Hayes, CEO of BitMEX, has also mentioned this price target.
In an April blog post, he said that the Federal Reserve money printer and other macro trends will push the asset to its all-time high this year:
âAs violent as the Q1 collapse in asset values was, we have almost 100 years of imbalances to unwind the ancien rĂ©gime. My end of 2020 price target remains $20,000.â
He seemingly doubled down on this price target in a recent blog post.
âI, like many other pseudo intellectual keyboard warriors, have a massive upside price target for Bitcoin. I will get to that in the next digest. But Q4 is going to be a humdinger. The financial markets are going to whipsaw as politicians contort themselves to continue feeding at the trough.â
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
The road to 500K and price stability.When peaks are ‘stepped’, they meet on the logarithmic growth curve.
With each subsequent cycle â from base to peak- an extra year is added. pic.twitter.com/i4HN49UdGi
â dave the wave (@davthewave) January 5, 2019
BTC Monthly:Yesterday the month closed above the 50% Fib retracementSo what buddy!Well if past cycles are a sign and the pattern continues, the launch sequence has been initiated.1. Halving â 2. Monthly close above 50% Fib Retracement â 3. Bull market đto đ
Let’s Go! pic.twitter.com/qlLRZjphD8
â Nunya Bizniz (@Pladizow) September 1, 2020
I don’t normally like making definitive #bitcoin price predictions. That being said, this is the last time you’re going to see bitcoin below $12KâŠuntil it goes back above $12K.
â Cameron Winklevoss (@winklevoss) September 2, 2020
Bitcoin Could Surge Towards $20,000 by End of 2021: Market Cycle Analysis
Post Views: 450