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The world of Bitcoin and Cryptocurrency moves at a whirlwind pace but the Twitter / Square CEO Jack Dorsey remains committed to BTC.

In an interview with Reuters on Sept. 10, Dorsey, who also founded the mobile-payment platform Square, said he believes Bitcoin’s potential still outshines later developments:

“I think the internet warrants a […] native currency and […] Bitcoin is probably the best manifestation of that thus far. I can’t see that changing given all the people who want the same thing and build it for that potential.”

Dorsey connected BTC’s founding principles with the cooperative and decentralized ethos that he considers to be the driving spirit behind the web:

“The internet is something that is consensus-driven and is built by everyone, and anyone can change the course of it. Bitcoin has the same patterns, it was built on the internet.”

Dorsey lauded the fact that “anyone with a great idea” who wants to be part of Bitcoin can join the community — they “don’t have to be part of a company,” he said.

Dorsey appeared committed to both Bitcoin and the internet in an idealized form — free from the specters of oligopoly, the excesses of corporate and government surveillance, and the stubborn asymmetries of power and capital that the advocates of decentralization must necessarily wrestle with.

Consistent with this belief in the possibility for grassroots control over the cryptocurrency’s — and the internet’s — future direction, Dorsey told reporters that it’s important to focus on improving users’ experience of Bitcoin in order to foster its widespread adoption.

In other trending Bitcoin News today:

Bitcoin Price Prediction: BTC Crucial Liftoff to $12,200 – Discovering On-Chain Metrics

The flagship cryptocurrency is currently stuck in consolidation.

The sluggish price movement comes after recovery from the recent dips under $10,000.

On the upside, BTC is limited under $10,400.

Meanwhile, the Bollinger Band highlights that ongoing consolidation is nearing an end.

As the Bollinger Bands squeeze, volatility continues to build.

Therefore, BTC could be heading into a period of high volatility and drastic price movement, but in which direction would be the breakout?

According to Timothy Peterson, CAIA manager at Cane Island Alternative Advisors, every time Bitcoin’s “30-day return hits this lower threshold (we are very close now), it is usually followed by 30-day gains of 20 – 40%.”

In other trending Crypto News today:

CNBC’s “Mad Money” Host Jim Cramer Is Finally Buying Bitcoin

According to popular Bitcoin bull Anthony Pompliano, he just convinced “Jim Cramer to buy Bitcoin.”

The details of the interview are not out yet, but Pompliano remarked in his replies that the financial analyst and investor “understands the benefit of Bitcoin better than most.”

“Just convinced Jim Cramer to buy Bitcoin. Reply to this tweet with your best meme or gif to welcome the world’s newest Bitcoiner”

Cramer’s comments come a year after he was openly hesitant to buy Bitcoin. Responding to a follower that asked if he thinks it’s logical to have 60% of his wealth in stocks and 40% in BTC, Cramer wrote:

“Mad Money into bitcoin? Hmmm.. not top of mind. but then again, it is YOUR mad money so you must do what you think is right.”

These comments, though, also come after he stated that Bitcoin could reach $1 million in 2017.

He purportedly said on Squawk on the Street,” another CNBC show, that the cryptocurrency had room to rally exponentially to the upside because of its decentralized nature.

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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:

Just convinced @jimcramer to buy Bitcoin.

Reply to this tweet with your best meme or gif to welcome the world’s newest Bitcoiner 🔥

— Pomp 🌪 (@APompliano) September 10, 2020

CNBC’s “Mad Money” Host Jim Cramer Is Finally Buying Bitcoin

https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-prediction-btc-crucial-liftoff-to-12-200-discovering-on-chain-metrics-202009110717

https://cointelegraph.com/news/jack-dorsey-still-thinks-bitcoin-is-the-strongest-contender-for-an-internet-native-currency

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In other Crypto news today…

Doubling down on previous claims, Tim Draper added he still believed BTC/USD would hit $250,000 by 2022 or 2023. 

“I think Bitcoin payment processors are really going to open the floodgates,” he summarized. 

On the topic of why Bitcoin would reach new records within just the next three to four years, Draper continued:

“It’s because of Lightning Network and OpenNode and maybe others that are allowing us to spend Bitcoin very freely and quickly, so that it’s not just a store of value but it can be used for micropayments; it can be used for retail, it can be used all over.”

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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://cointelegraph.com/news/lightning-network-will-drive-bitcoin-to-250-000-by-2023-tim-draper

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Bitcoin pioneer Max Keiser says, “BTC will reach $100,000 and destroy anyone who gets in its way.

In a recent tweet who told his 230,000 followers:

“$28,000 is in play before we see a pullback – and then we’re heading to 6-figures”

Here are some more Max Keiser Bitcoin price predictions:

“All of these projects will be eviscerated,” Max says, adding “Now, bitcoin is going to make its move.” 

He explains that bitcoin has been playing cat and mouse with these other projects to see who’s right and who’s wrong.

“It’s going to go up to $100,000 per coin but it’s going to destroy everyone who gets in its way. So, all these altcoin posers and government subsidy-welfare bums will be eviscerated by the one true bitcoin. It’s about time…” says Max.

We also have full-time futures trader Adam Mancini taking note of Bitcoin’s latest exploits.

He predicts that BTC will print a new all-time high of $24,000 in only six months.

Mancini tells his nearly 60,000 Twitter followers that the crypto king is poised to end its three-year-long consolidation and follow gold’s lead.

“Bitcoin BTCUSD is setting up for a move – likely to follow in GOLD‘s footsteps. We’re coiling into a multi-year triangle, and these don’t resolve with small moves. Given the trend entering this pattern was up, this should resolve the same way with 15k then 24k targets.”

Mancini’s forecast comes as Bitcoin breaks psychological resistance at $10,000, reaching $10,824 at time of publishing according to CoinMarketCap. 

While the top cryptocurrency has struggled to take out that level throughout the year, Glassnode suggests that BTC’s latest trip above five figures may be different.

The crypto analytics platform says its coin days destroyed metric, which looks at the value of each Bitcoin transaction while giving weight to the number of days since the coins were last moved, remained flat as BTC rallied above $10,000 over the weekend, indicating that HODLers are not taking the opportunity to sell their crypto.

“In contrast to the last two times BTC hit $10,000 USD, we haven’t seen an increase in Bitcoin Days Destroyed today.”

In other trending Bitcoin News today:

Top Analyst Tone Vays Says Rapid Bitcoin (BTC) Rise to New All-Time Highs Likely If Crypto King Overcomes One Final Hurdle

Veteran crypto strategist Tone Vays says Bitcoin may be en route to printing a new all-time high, after its sudden rise above $11,000.

But first, it must flash one more bullish technical signal.

The analyst says Bitcoin’s rising market dominance suggests the crypto king is poised to launch a sustained uptrend, which is different from the parabolic rally that ended quickly in 2019.

“So as long as this trend continues, I will be very bullish on Bitcoin. I think Bitcoin will have a pullback back to $10,000. After that, it can take off to a new all-time high quickly, just like gold. I’m still bullish on Bitcoin very much. I’m not touching my HODL position.  I was selling my HODL position in 2019 to pre-pay bills because I did not trust that rally to $14,000.

I trust this rally to go way higher. I’m way more bullish now than I was in early 2019.” In order for Bitcoin bulls to dominate the market, Vays says must hold above a crucial line at $10,000.

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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:

Bitcoin $BTCUSD is setting up for a move – likely to follow in $GOLD‘s footsteps. We’re coiling into a multi-year triangle, and these don’t resolve with small moves. Given the trend entering this pattern was up, this should resolve the same way with 15k then 24k targets pic.twitter.com/9rRFm75PPp

— Adam Mancini (@AdamMancini4) July 26, 2020

https://www.rt.com/business/494236-bitcoin-will-destroy-everyone/