561: BITCOIN WILL SHATTER $300K THIS CYCLE, SAYS TOP TRADER!! ALTCOINS CAN SURGE 27,000% HIGHER IN 2021!!

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Raoul Pal, co-founder and CEO of Real Vision Group, says Bitcoin is a “supermassive black hole” that is eating gold, the NASDAQ, banks, bonds, and commodities.

The global macro strategist notes that he also thinks BTC will outperform the G4 Central Bank Balance sheet, silver and marquee stocks like Apple and Amazon. Says Pal on Twitter:

“Bitcoin’s performance is SO dominant and SO all-encompassing that it is going to suck in every single asset narrative dry and spit it out. Never before in my career have I see a trade so dominant that holding any other assets makes almost no sense.

The macro, flows, technology, demography and societal strains have all converged to this moment in time and the definite answer from markets is – Bitcoin.”

Pal predicts BTC will reach $1 million within five years.

The former Goldman Sachs hedge fund manager says Bitcoin is the best opportunity of his career.

“I get this sounds a little evangelical but I’m struggling to see it any other way right now. The supermassive black hole is going to suck in everything. Again, this is there best trade/investment and future opportunity I have EVER found and it has the power to give the little guy a chance to grab their share of the wealth creation before Wall Street does. Grab it.”

Analysts think that the cryptocurrency is poised to rocket even higher in the weeks ahead.

The charts show that BTC is about to break above a pivotal horizontal resistance at $14,000, which should trigger a move toward $20,000 and beyond in the months ahead:

“There are literally only two resistances left on the bitcoin chart – 14,000 and then the old all-time high at 20,000. I fully expect new all-time highs by early next year at the latest.”

Other prominent investors in the crypto space expect a strong rally in the months ahead.

Tyler Winklevoss, one of the two Winklevoss Twins that launched Gemini and are now Bitcoin billionaires, commented recently:

“I do think we will see an all-time-high price for Bitcoin before 2020 is over. Even though the price has climbed from 10k to almost 14k in less than a month, it hasn’t really gone on a breakout run yet. When we start to see 3-5k surges then the bulls will be on the run.”

Pal thinks it’s logical to invest in Bitcoin due to the coin’s increasingly strong performance against all other assets, which should drive institutional players and retail players into the mix:

“Bitcoin’s performance is SO dominant and SO all-encompassing that it is going to suck in every single asset narrative dry and spit it out. Never before in my career have I see a trade so dominant that holding any other assets makes almost no sense. The macro, flows, technology, demography and societal strains have all converged to this moment in time and the definite answer from markets is – bitcoin.”

It’s worth noting that Pal says to have more than 50% of his net worth in Bitcoin, arguing that it may be the best trade of his lifetime.

In other trending Bitcoin News today:

Bitcoin Price Sees Pullback, But Bulls Still Marching Toward $20K

Bitcoin’s price saw a 4% drop in the last 24 hours, but it’s unlikely to see a correction like in previous cycles for three reasons.

The price of Bitcoin (BTC) has increased by 36% in the last 35 days, showing a strong rally.

The market sentiment has been optimistic due to rising institutional demand and the perception of BTC as an inflation hedge.

But after a large uptrend, the belief that BTC may pull back has begun to increase.

While a minor correction could occur, like the 4% downward trip to just under $13,000 on Oct. 28, a sizable downtrend is becoming increasingly unlikely.

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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 is eating the world…It has become a supermassive black hole that is sucking in everything around it and destroying it. This narrative is only going to grow over the next 18 months.

You see, gold is breaking down versus bitcoin…and gold investors will flip to BTC pic.twitter.com/ox7KRY5VRo

— Raoul Pal (@RaoulGMI) October 27, 2020

I do think we will see an all-time-high price for #Bitcoin before 2020 is over. Even though the price has climbed from 10k to almost 14k in less than a month, it hasn’t really gone on a breakout run yet. When we start to see 3-5k surges then the bulls will be on the run

— Tyler Winklevoss (@tyler) October 27, 2020

As I’ve been pointing out… There nothing but air from $14,000 to new ATH

I don’t expect any kind of pullback until $28,000 and it may be short lived. https://t.co/UC0iCCVzp6

— Max Keiser (@maxkeiser) October 27, 2020

Wall Street Veteran Raoul Pal Thinks Bitcoin Will Pass $20,000 in Q1 2021

https://cointelegraph.com/news/bitcoin-price-sees-pullback-but-bulls-still-marching-toward-20k

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Bitcoin price topped $10,000 in February before dropping below $4,000 last month as investors and the financial markets reacted to the coronavirus pandemic.

Despite the plunge and ongoing macro economic turmoil, billionaire investor Tim Draper remains bullish on the BTC price.

In an interview with Chinese news outlet Bitpush, Draper, who runs venture capital firm Draper Fisher Jurvetson, warns that prolonged isolation due to widespread lockdowns threatens to aggravate the disease-induced financial crisis.

He also shares his thoughts on the projected V-shaped economic recovery, which would see the United States making a quick rebound from its current slump.

“If the government continues to keep people isolated at home for another two weeks, the economic V-shaped trend that everyone discusses will not happen, and the recession may be worse than the virus at that time.”

For investors navigating the volatile equities markets, Draper believes it’s not the best time to buy US stocks.

But that’s not his position on Bitcoin (BTC). The billionaire says he stands behind his long-standing prediction that the king coin is on track to reach $250,000 by 2022 or early 2023, despite the black swan pandemic that crashed the markets.

While crypto users anticipate the Bitcoin halving in May to limit the supply of new BTC and drive a bull run, Draper says the event is just half of the story.

“If the US dollar depreciates because of large-scale printing of money in the United States, and people know that gold is no longer worth buying, then Bitcoin is a safe haven.”

The crypto investor likewise sees a silver lining in the current situation.

During a bull market, Draper argues, people are not typically open to change, but the current pandemic is driving a shift in habits, as people look for better, cheaper and faster alternatives in banking, healthcare and other industries.

He believes the crisis could trigger the adoption of new technologies such as blockchain, smart contracts and Bitcoin.

“Once people realize that the government is saving the market by devaluing fiat currencies, they will begin to accept the use of Bitcoin. People will realize that Bitcoin is more open, transparent, smoother, more valuable and more replaceable than the US dollar, peso, naira or drachma.”

Last Time This Signal Flashed, Crypto Rallied By 50%.

It’s Back Again According to a Bloomberg report published April 3rd, Bitcoin recently pushed above a key technical resistance, allowing the DVAN Buying and Selling Pressure Gauge to print a “positive divergence and a buy signal.”

To add to this, Bloomberg noted earlier this week that the “GTI Vera Convergence Divergence Indicator, which measures up and down shifts,” suggests the Bloomberg Galaxy Crypto Index — comprised of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, and EOS — “flashed its first buy signal in over three months.”

Both indicators flashing buy signals preceded the 50% rally seen in the price of Bitcoin and most other cryptocurrencies that transpired from mid-December to February.

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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:

Last Time This Signal Flashed, Crypto Rallied By 50%. It’s Back Again

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

Bitcoin (BTC) has had the best start to a new year since 2012, rising some 20% since January 1st, while other major and minor Cryptocurrencies have performed still better.

The Bitcoin price, which has been on a steep downward trend since the middle of last year, last night climbed to almost $9,000 per BTC on the Luxembourg-based Bitstamp exchange.

Elsewhere, Bitcoin offshoots Bitcoin SV and Bitcoin Cash have soared, though some are worried their gains won’t hold.

Now, with the Bitcoin and Cryptocurrency market eyeing the looming BTC halving event, Crypto investors Cameron and Tyler Winklevoss, of Facebook founding fame, have warned the traditional financial industry it needs to start “building up bitcoin reserves.”

“If you have gold, start building up Bitcoin reserves,” Tyler Winklevoss, who cofounded Bitcoin and Crypto exchange Gemini with his brother in 2014, told attendees at the Crypto Finance Conference today in Switzerland. “We think Bitcoin will disrupt gold.”

“Once the likes of Tesla’s Elon Musk or Amazon’s Jeff Bezos start mining gold on asteroids, which will happen within 25 years, gold’s value will change,” Tyler said, to laughter from the audience, adding that gold investors need to “buy Bitcoin.”

The Winklevoss twins also indicated they remain bullish on the Bitcoin (BTC) price despite its recent rally, pointing to the upcoming bitcoin halving event that will see the number of new bitcoin rewarded to miners cut by half.

“The halvening in May will be big for Bitcoin,” Cameron Winklevoss said.

“It’s rarely priced in,” referencing the Bitcoin price eventually rallying in the aftermath of the two previous halvings. Meanwhile, the Winklevoss twins warned the U.S. is at risk of falling behind China when its comes to Bitcoin and Cryptocurrency development.

“The U.S. has been slow,” Tyler Winklevoss said. “China will likely issue a stablecoin first.

This could be the first in modern times that the U.S. hasn’t been first on something like this,” adding that regulation is “fit for purpose” in certain areas but not in others, “hurting innovation.”

In other Crypto news today:

Fundstrat’s Tom Lee sees a bright future for Crypto in 2020.

The Cryptocurrency market will rise on new healthy dynamics in 2020, commented Thomas Lee, The January price rally shows a return to more active trading with new possibilities for digital assets.

Lee believes Bitcoin may be in for a bigger rally, as the halving of the block reward is not yet priced in. This new narrative goes counter to the idea that 2019 trading already discounted the halving news.

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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:

Bitcoin Just Plunged 3% In Minutes: Does This Mean Rally is Done?

Fundstrat’s Tom Lee Sees Bright Future for Crypto in 2020

https://cointelegraph.com/news/no-it-wasnt-craig-wright-bitfinex-moves-1b-in-bitcoin-for-48-cents

https://www.forbes.com/sites/billybambrough/2020/01/15/as-bitcoin-roars-into-2020-the-winklevoss-twins-make-wall-street-warning/#3fe86d6f7373