$450K BITCOIN PEAK HIGH PREDICTION THIS CYCLE SAYS TOP ANALYST!! ETHERUEM PRIMED FOR 500% EXPLOSION!

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An increasing amount of Bitcoin is being accumulated by institutions.

This much was made clear on Tuesday, when Stone Ridge Asset Management revealed to Forbes that it had picked up 10,000 BTC, representing one percent of its assets under management.

Investors think that further institutional adoption of the cryptocurrency could result in the Bitcoin price going parabolic.

Bill Barhydt, CEO of Abra and a former employee of the CIA and Goldman Sachs, recently said that if only 5% of the liquid assets that the top nine firms in the S&P 500 own were to enter Bitcoin, it would surge:

“9 companies alone in the S&P 500 are sitting on close to $600 billion in cash and short term investments. 5% of that moving into Bitcoin (or $30 billion) would likely 5x the price of Bitcoin given the lack of sellers. (3/6).”

While this math may not add up in your mind, take fiat amplifiers into account.

The amplifier is a concept that for every fiat dollar that is invested in Bitcoin or cryptocurrencies in general, the market capitalization of the space will grow than more than $1.

Estimates suggest that the fiat amplifier is anywhere from two to 25 times, depending on what phase of the market cycle cryptocurrencies are in.

In periods where investors are expecting upside, the fiat amplifier grows as investors don’t want to sell their coins too early.

Barhydt’s analysis of the institutional adoption situation comes as he is seeking to increase his personal exposure to Bitcoin.

He said that he is “considering doubling the allocation of Bitcoin in my personal portfolio to 25%.”

Explaining why he thinks this is a good idea, he pointed towards inflationary trends:

“Given the acceleration of currency inflation and the likely price inflation to follow this seems like a better weighting than my current 12%.”

He added that the contacts he has spoken with say that returns in legacy markets such as equities are likely to be “muted in the next five years.”

This trend may have the effect of driving capital into alternative assets that may be able to generate healthy returns such as gold and Bitcoin.

The comments he made are reminiscent of those made by a number of other investors in the space, who have dramatically increased their exposure to Bitcoin amid the ongoing macro backdrop.

Raoul Pal, CEO of Real Vision, for instance, has over 50% of his liquid net worth in Bitcoin.

In other trending Bitcoin News today:

Max Keiser Predicted Hash Wars: A New Front for Countries

The concept of fiat money can be said to be one of the best inventions of mankind.

However, that resulted in a huge wealth gap among the nations and people around the world.

It is no secret that the world’s top 10% richest hold 85% of the total wealth whereas the remaining 90% of people own only 15% of the total wealth.

Then came the year 2009 and we saw a rise of a new concept of money – a cryptocurrency called Bitcoin.

With the invention of cryptocurrency, we’ve stepped in a brand new world.

The first cryptocurrency Bitcoin revolutionized the whole concept of money, the way to transact it without the need of a third-party and a trustless system. 

With the unprecedented rise of Bitcoin’s value in the past decade, the countries around the world started noticing the remarkable effect of cryptocurrencies on the global economy.

That opened a new gate – the fight for Bitcoin dominance. Hence the hash wars. To understand what hash rate is, basically it’s a measure of the processing power of the Bitcoin network.

So, whoever has more processing power on the Bitcoin blockchain network has more dominance over Bitcoin and its future.

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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:

How Bitcoin Could Surge 500% Amid Rising Institutional Adoption

https://cryptotop10.org/top-10/hash-wars-a-new-front-for-countries/

https://www.fidelitydigitalassets.com/articles/bitcoin-as-alternative-investment?ccmedia=owned&ccchannel=social&cccampaign=BIT_ALT&cctactics=twitter

https://decrypt.co/44880/bitcoin-should-be-5-percent-your-investment-portfolio-fidelity

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John McAfee reveals all in this exclusive new interview.

John and I have an unscripted conversation discussing the following:

• His $1-$2M BTC Price Prediction Math
• The Bitcoin Halving
• His Top Altcoin picks
• The Future of Cryptocurrency
• Cybersecurity
• Decentralized Crypto Exchanges
• McAfeeDEX
• Government Conspiracies
• Taxation is Theft
• President Trump
• Running for President in 2020
• Secret Military Bases
• UFO’s
• Plus so much more in this exclusive John McAfee Bitcoin interview.

🔥 McAfeeDex: http://mcafeedex.com

🔥 Running For President: http://mcafee2020.com

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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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The Bitcoin price just surpassed $11,700, breaching a critical resistance level with BTC ending July at its highest monthly close since its 2017 peak.

Max Keiser just tweeted,

“Bitcoin hits new 2020 high. This leg up will continue to $28,000 before we might see a pause.”

Spartan Group’s Kelvin Koh said that when BTC breaks out of $11,400, a rally to $12,000 is likely.

Meanwhile, on-chain analyst and trader Willy Woo said Bitcoin’s rally above $11,000 could place BTC at the start of the “main bull phase.”

On June 27, on-chain analyst and Bitcoin trader Willy Woo revealed a new price model for BTC. The model suggested that a new bull run for the top cryptocurrency is brewing.

At the time, Woo said:

“This is a new model I’m working on, it picks the start of exponential bull runs.

1) Bitcoin was setting up for a bullish run until the COVID white swan killed the party.

2) This model suggests we are close to another bullish run. Maybe another month to go.”

A month has passed since the model was revealed and the price of Bitcoin has increased from $9,100 to over $11,000.

Following up on the model, Woo said he is “relatively confident” the main bull phase is igniting.

The analyst broke down various on-chain data points, including Bitcoin’s mempool and the relative strength index (RSI), to evaluate market cycles.

Woo said that the on-chain RSI, specifically, suggests the main bull market could begin in the fourth quarter. Woo explained that:

“With the current break to 11K, I’m relatively confident last months model is working on queue, we’re at the start of the ‘main bull phase’… 365 day on-chain RSI shows the compression at the early phase of the bull cycle nearing completion, I’m expecting RSI expansion that typifies the main bull season run starting Q4 2020 into 2021.”

Similarly, Koh said that if the price of Bitcoin continues to increase above $11,400, it will sustain its momentum.

But if BTC continues to rally, the investor emphasized that alternative cryptocurrencies could consolidate.

Koh said: “If BTC breaks the resistance at $11.4K, we are going above $12K in no time. Will take the wind out of altcoins again in the short term.”

In other trending Bitcoin News today:

As The Bitcoin Price Soars, Bitcoin’s ‘Real’ Crypto Market Dominance Is Revealed

According to the new measure of bitcoin dominance, bitcoin currently makes up 79% of the cryptocurrency market—up from the 62% bitcoin market share calculated by the oft-cited crypto data website CoinMarketCap, which takes into account hundreds of cryptocurrencies that are all created and issued in different ways.

The Real Bitcoin Dominance Index, created by Buy Bitcoin Worldwide founder Jordan Tuwiner, calculates bitcoin’s market share among cryptocurrencies that are created, or “mined,” in a similar way to bitcoin.

The new bitcoin dominance index also excludes all cryptocurrencies issued as a form of fundraising, known as initial coin offerings (ICOs), cryptocurrencies tied to traditional currencies, such as tether, and other centralized projects, making it “a better measure” of the cryptocurrency market, according to Tuwiner.

“The issue with ICOs is that they are centrally controlled. Let’s say a bitcoin exchange releases stock legally via a token. Other dominance indexes would likely include that in their index. If so, then why not include the whole stock market? ICOs or stocks that are tokens are not trying to be money, and therefore should not be measured in a dominance index with bitcoin,” Tuwiner said via email.

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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:

🔴 fixed at $9132🔴🔴 fixed at $11356🔴🔴🔴 currently $11700

I can’t make a chart for you now (at sea), but S2F model perfectly on track. pic.twitter.com/rJGuKyxPKG

— PlanB 🔴🔴🔴 (@100trillionUSD) August 1, 2020

https://cointelegraph.com/news/bitcoin-price-soars-to-11-400-as-traders-say-a-bull-phase-is-igniting