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Popular crypto analyst Michaël van de Poppe reveals that he is still standing by his peak high bull cycle prediction for Bitcoin, Ethereum, as well as 6 other top altcoins including Polkadot, Chainlink, Cardano, Zilliqa, Elrond and DIA.
In other trending Cryptocurrency News today: Ethereum Primed for 500% Explosion, Says Crypto Trader Lark Davis â Hereâs Why!
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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.
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BITCOIN HIT BITCOIN HIT $1 BILLION IN ALL-TIME TRANSACTION FEES! | BTC Price Analysis BILLION IN ALL-TIME TRANSACTION FEES! | BTC Price Analysis
Itâs official.
The Bitcoin network has surpassed $1 Billion USD in cumulative fee revenue.
This is a really cool milestone because it shows how much people value block space and that itâs something people donât mind paying for.
Today, Oct. 31st marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or group pseudonymously identified as Satoshi Nakamoto.
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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.
News Resources From Todayâs Show:
“If $BTC breaks $8000, it will likely go to $6400. But if it breaks $10500, it will likely go to $12000″. Some deride speculators who think in those terms. However that’s how markets work. Particularly so momentum driven markets.
â Alex KrĂŒger (@krugermacro) October 30, 2019
https://cointelegraph.com/news/11-years-ago-today-satoshi-nakamoto-published-the-bitcoin-white-paper
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Bitcoin’s Symphony: Bobby Lee, Crypto Veteran, Anticipates Big ‘Crescendo’ in Super Bull Market Top
In the ever-dynamic world of cryptocurrency, Bitcoin continues to be a focal point of discussion and speculation. The latest headline-making statement comes from none other than Bobby Lee, a prominent figure in the crypto space, who suggests that Bitcoin has yet to experience the grand ‘crescendo’ that signifies the top of a super bull market.
Bobby Lee, a seasoned veteran in the cryptocurrency industry, has long been known for his insights and predictions. In this latest revelation, he points to the notion that the cryptocurrency market, particularly Bitcoin, has not yet witnessed the climax of a ‘crescendo’ moment that typically characterizes the peak of a super bull market.
The article in question delves into Bobby Lee’s perspective, hinting at the possibility of a more significant and awe-inspiring phase for Bitcoin on the horizon. The term ‘crescendo’ invokes imagery of a grand musical climax, a moment of heightened intensity and culmination. In the context of Bitcoin, this could imply that the cryptocurrency has more room for growth and transformative moments that are yet to unfold.
Lee’s statement sparks intrigue among investors and enthusiasts, raising questions about what might constitute this elusive ‘crescendo’ in the world of Bitcoin. As the cryptocurrency market is known for its unpredictability, such comments from industry veterans add a layer of anticipation to the ongoing narrative of Bitcoin’s evolution.
For those closely following the trajectory of Bitcoin, Lee’s perspective may fuel speculation about potential catalysts or events that could contribute to the much-anticipated ‘crescendo.’ Whether it involves broader institutional adoption, regulatory developments, technological breakthroughs, or other unforeseen factors, the crypto community remains on the lookout for signals that could mark the zenith of a super bull market.
As with any market predictions, it’s crucial for investors to approach these insights with a balanced perspective. While Bobby Lee’s experience and track record lend credibility to his statements, the cryptocurrency landscape is complex, and multiple variables can influence its trajectory.
In the symphony of Bitcoin’s journey, Bobby Lee’s suggestion of an impending ‘crescendo’ adds a new note of excitement. As the crypto community eagerly awaits the next movements in the market, all eyes will be on Bitcoin to see whether it can indeed reach new heights and deliver the crescendo that Bobby Lee envisions.
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BLOOMBERG FORECAST: Bitcoin Set for Massive Bull Run!! 0K+ BTC Price On the Horizon!!
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Bloomberg just released its latest Bitcoin (BTC) outlook on the crypto markets.
Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoinâs adoption among mainstream investors is on the rise.
He expects an advantageous macroeconomic landscape to sustain a Bitcoin bull run that will âdustâ the Nasdaq.
âIncreasing adoption and vehicles for exposure, and custody, are accelerating Bitcoin into the mainstream of investments. In a world of zero and negative interest rates and diminishing equity-price returns due to quantitative easing, the quasi currency stores of value â gold and Bitcoin â are finding increasing investor interestâŠ
Bitcoin $10,000 Breach Set to Dust Nasdaq â Fundamentally bullish and breaking above key $10,000 resistance, Bitcoin has a solid foundation on the back of a steep correction and period of disdain, in our view.â
McGlone adds that Bitcoinâs growing fundamentals suggest BTC is solidifying its position as digital gold.
He says the leading crypto is no longer the highly speculative and unknown asset it once was, with the Bollinger Bands momentum indicator suggesting a burst to $13,000 is imminent.
In contrast, the Bloomberg Intelligence analyst says Ethereumâs hot streak is likely fueled by pure speculation as opposed to BTCâs fundamentally-driven growth.
âEthereum has extended last yearâs highs and leaped to one of the top-performing major crypto assets in 2020, but we view its rally as more speculative vs. the favorable demand vs. supply conditions supporting Bitcoin.â
McGlone says Ethereum is facing heavy competition from protocols that offer the same use case, as a total of 6,000 crypto assets of all sorts flood the markets.
He believes Bitcoinâs scarcity is the key factor driving its value and points to a two-year comparison of BTCâs performance compared to Ethereum, XRP and the altcoin market at large as a sign that BTC is the better long-term play.
Bitcoin is up 54% over the last two years, while Ethereum is down 4.5% and XRP is down 30%.
âItâs the unlimited supply of the broad crypto market vs. the relative scarcity of Bitcoin that will maintain buoyancy in the benchmark asset, in our view. About 90% of the 21 million available Bitcoins have been produced, leaving demand and adoption as the primary price-outlook gauges. Our indicators point positive for Bitcoin, while the basic rules of supply and demand leave little hope of broad-market price advancement.â
In June, McGlone made the case for why BTC may return to its all-time high of $20,000 this year.
In other trending Bitcoin News today:
Panteraâs Founder Foresees $100K+ Bitcoin On the Horizon
Dan Morehead is more conservative in his Bitcoin price predictions than his firm Pantera Capital, though both agree that it will hit $100,000.
Pantera Capital is the oldest Bitcoin investment firm in the United States.
When the companyâs founder, Dan Morehead, was asked to make a Bitcoin price prediction during a recent interview, he first mentioned an investment letter published by the firm.
In this letter, based on the stock-to-flow model, the firm made the bold prediction that Bitcoin will hit $115,000 by August 2021.Â
Morehead thinks this is still possible, despite the fact that in just one year, the assetâs price would have to increase to nearly 10 times its current value.
Yet, his personal prediction is a little more modest, he said:
âMy common response is itâs been growing at 209% for nine years, I think itâs going to grow at least 209% over the next couple years and that puts you at $100 000, probably in two years; but I do think that will happen.â
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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:
In fact, only one asset has offset the growth of the G4 balance sheet. Its not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Only one asset massively outperformed over almost any time horizon.
Yup. #Bitcoin $BTC pic.twitter.com/wdoN6Qgaaz
â Raoul Pal (@RaoulGMI) August 6, 2020
When bitcoin was $4k in 2019, lot of big accounts were bearish, predicting $1k. However in DM mant said that if btc would rise to $6k, they would reconsider and switch to bull. That actually happened, we shot through $6k. Now many were bearish at $9k .. $13.5k will be interesting pic.twitter.com/6D5lArCC6c
â PlanB (@100trillionUSD) August 5, 2020
https://cointelegraph.com/news/panteras-founder-foresees-100k-bitcoin-on-the-horizon
https://cointelegraph.com/news/raoul-pal-it-may-not-be-worth-owning-any-asset-other-than-bitcoin
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