BILLIONAIRE INVESTOR BILL MILLER PUTS 50% OF NET WORTH IN BITCOIN, SAYS BTC CAN GO UP 50X!!

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The CEO of Microstrategy, Michael Saylor, says that Bitcoin (BTC) will emerge as a $100 trillion asset class and will grow 100X from where it is today. 

“It’s pretty clear that Bitcoin is winning, gold is losing … and it’s going to continue … It’s pretty clear digital gold is going to replace gold this decade.

At the end of the decade it (BTC) will have flipped gold, and then it will flip monetary indexes, a little bit of bonds, a little bit of real estate, a little bit of equity, and emerge as a $100 trillion asset class. So, 100X of where it is right now.”

In other trending Bitcoin News today: Bitcoin, Ethereum and Four Altcoins Witnessing Mass Adoption As Crypto Market Targets $200,000,000,000,000 Market Cap, Says Macro Guru Raoul Pal!

In a new interview on business and entrepreneurial YouTube channel Goko Group, Pal says he expects the total crypto market to rise 100x in the coming years on the back of exponential adoption. 

“[Crypto] is the fastest growing adoption in any technology in all recorded history. We’re going to go from 150 million users to a billion users in three and a half years. It is going from $2 trillion to $200 trillion as an asset class probably in 10 years.”

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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://news.bitcoin.com/microstrategy-ceo-bitcoin-100-trillion-asset-class-btc-grow-100x/

https://micky.com.au/bitcoin-evangelist-max-keiser-says-cbdcs-give-the-state-greater-powers-of-surveillance/

https://cointelegraph.com/news/el-salvador-to-inaugurate-bitcoin-city-backed-by-1b-bitcoin-bonds

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There is nothing like a good BTC halving to send the Bitcoin price to the moon again.

It has happened twice before and there is nothing indicating that history will not rhyme again.

With just 146 days to go now the FOMO should start to build soon, more so as we enter 2020.

As the block reward and inflation rate gets halved, the stock to flow doubles which is very important to investors in terms of relative scarcity and demand.

There is no end of charts and Bitcoin predictions out there for BTC price next year and most signal a larger run after the halving.

The new bull market could be around the corner, all Bitcoin (BTC) has to do is stay above $6,500 for the rest of this year to confirm it.

The week is drawing to a close with the Bitcoin price back above $7,000 which keeps it consolidating as the bulls and bears battle it out.

Long term trend lines are holding as is strong support but those are not the only reasons why the next bull run could be imminent.

In other BTC news today, Bitcoin is more likely to hit $10,000 in 2020, than dip to $5,000 because we’re in a consolidating bull market, shows the 2020 Bitcoin prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence.

He tweeted on Crypto Twitter:

“Bitcoin in 2020: $10,000 Appears to Be More Likely Than $5,000 – Bitcoin should continue to advance in a consolidating bull market, in our view, with maturation of the first-born crypto in the next decade the primary distinction vs. the current one.”

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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 in 2020: $10,000 Appears to Be More Likely Than $5,000 —#Bitcoin should continue to advance in a consolidating bull market, in our view, with maturation of the first-born crypto in the next decade the primary distinction vs. the current one. pic.twitter.com/JxEAhArwTf

— Mike McGlone (@mikemcglone11) December 19, 2019

Yesterday we set a new volume record:

6,226 physically delivered Bakkt Bitcoin Futures contracts traded at ICE Futures U.S.

— Bakkt (@Bakkt) December 19, 2019

Bitcoin More Likely to Hit $10K in 2020 than Dip to $5K

Three Main Reasons Why Bitcoin is Setting Up For a New Bull Rally

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Cryptocurrency trader Tyler Swope says that the latest Bitcoin upgrade could be the fuel that BTC needs to send the leading digital asset to new all-time highs. In a new strategy session, the host of Chico Crypto says that Taproot, the soft fork that aims to enhance Bitcoin’s privacy measures and smart contract flexibility, might be some of “the best news ever” for BTC.

“This is great for Bitcoin. I mean, it’s some of the best news ever because Bitcoin is about to get privacy and it’s about to get some more complex smart contracts that can make it do a lot more things. There’s going to be a big conversation coming on.”

In other trending Bitcoin News today: Bitcoin price bottom is in, says Fidelity executive Jurrien Timmer as crypto market exits ‘extreme fear’ as the BTC price action stays above $40,000. “In my view, it looks like the bottom is in.”

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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/following-massive-btc-purchase-announcement-microstrategy-says-it-may-sell-up-to-1b-in-stock

https://cointelegraph.com/news/within-five-years-us-hedge-funds-expect-to-hold-10-6-of-assets-in-crypto

https://cointelegraph.com/news/bitcoin-price-bottom-is-in-says-fidelity-exec-as-crypto-market-exits-extreme-fear

https://cointelegraph.com/news/a-bitcoin-indicator-with-a-perfect-history-just-told-you-to-buy-the-dip