đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
A popular crypto analyst says Bitcoin and Ethereum can pull off massive rallies before the end of 2021 as traders underestimate the second leg of the bull market.
Justin Bennett tells his 61,600 Twitter followers that he expects Bitcoin to launch a staggering rally, well above the six-figure level, should the leading cryptocurrency shatter its current all-time high of $65,000.
âMost are underestimating the level of FOMO (fear of missing out) that will occur above $65,000 $BTC.
Everyone thought the bull market was over. If it isnât and Bitcoin reclaims $65,000, weâll see a FOMO event like never before. In which case, $200,000+ through EOY (end of year) is very much on the table.â
In other trending Bitcoin News today: Thereâs No Stopping the Bitcoin Train After BTC Breaks This Price Level, Says Top Crypto Analyst!
Closely followed crypto trader Pentoshi says there will be no stopping Bitcoin after BTC breaks a certain price area.
The pseudonymous trader tells his 212,000 followers that the $48,000 level is the last point before Bitcoin becomes unstoppable.
âAbove $48,000, I think thereâs nothing stopping this train. Itâs the last level structurally that can constitute a lower high on the macro.
$45,000-$48,000 is very strong resistance in my opinion due to the time we distributed above it. Likely see $40,600 again before any real [breakout].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:
Smart govts will âstart hoarding and mining bitcoinâ to the extent thatâŠ
https://cointelegraph.com/news/institutions-are-buying-bitcoin-like-it-s-late-2020
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BITCOIN WILL CONTINUE TO CANNIBALIZE GOLD DRAMATICALLY OVER NEXT DECADE!! BTC AND DEFI WEEKLY RECAP!
âĄïž On September 9th Teeka Tiwari will reveal how just one deal could make you Set For Life, register here: http://teeka.cryptonewsalerts.netïž
Bitcoin Billionaires, the Winklevoss twins, believe BTC as âdigital goldâ would compete against gold over the long term, recently making the case for a $500K Bitcoin price.
Specifically, its immense upside potential makes it an attractive investment since the Bitcoin market capitalization is still roughly only 1.5% of gold.
Cameron Winkelvoss, the co-founder of Gemini, said BTC has already made significant ground on gold. He said:
âBitcoin has made significant ground on gold â going from white paper to over $200 billion in market capitalization in under a decade. It will continue to cannibalize gold dramatically over the next decade.â
Warren Buffett and Berkshire Hathaway substantially cut their position on Wells Fargo, selling 100 million shares.
The Oracle of Omaha is continuing to trim his position in bank stocks, buoying the bull case for gold and Bitcoin (BTC).
Berkshire reportedly held $32 billion in equity in Wells Fargo at one point, Fox Business reported on Sep. 5. The investment conglomerate now owns 3.3% in equity of the lender, worth just $3.36 billion.
Throughout his career, Buffett emphasized the importance of value investing and cash flow.
The investor typically prefers businesses with predictable and stable operations that result in consistent profitability.
In July, Wells Fargo posted a $2.4 billion loss, recording its first loss since the 2008 housing crisis. Following the disappointing quarterly report, the company said it would cut its dividend to 10 cents per share.
But the persistent theme in Berkshireâs portfolio reshuffle in recent months is its investment in Barrick Gold.
While decreasing its exposure to the U.S. banking sector, Buffett invested in gold and Japanese trading companies.
The decision shows that Buffett is seeking safety in terms of cash flow and a hedge against inflation.
The Barrick Gold investment fuels the bull case of Bitcoin because the perception of BTC as a store of value is improving, especially given the tight correlation between the two since the March 2020 crash.
In other trending Bitcoin News today:
Perfect storm leads to big sell-off for Bitcoin and DeFi: Weekly Recap
A significant drop in equities markets was led by blue-chip stocks that had been at all-time highs.
As this occurred, many tokens tied to DeFi platforms corrected sharply, most notably, SushiSwap (SUSHI) which lost nearly 40 percent of its value.
The correction in traditional markets appears to have influenced Bitcoinâs (BTC) more than 10 percent drop before a small bounce back to the $10.3-$10.4K range.
Ethereum transactions soared to multiple new all-time highs for the second time in three weeks and Uniswap V2: Router 2 is now the lead contributor to gas usage, according to Etherscan.
The decentralized exchange is followed by Tether (USDT); and then the latest DeFi sweetheart that is SushiSwap: MasterChef LP Staking Pool.
And so, Tether has finally been dethroned from its top spot as the main contributor of gas usage.
The fact that it was toppled by none other than a DeFi platform speaks a lot for the recent growth of the industry and, as it stands, over $9.34 billion is locked across various platforms.
Currently, Aave, Maker and Uniswap constitute about $1.5 billion TVL each.
On the one hand, DeFi is a high risk, high reward market, but so is trading small-cap (pink sheet) stocks. Both clearly have a
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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 has made significant ground on gold â going from white paper to over $200 billion in market capitalization in under a decade. It will continue to cannibalize gold dramatically over the next decade.
â Cameron Winklevoss (@winklevoss) September 4, 2020
Buffettâs move into Japan, along with his $GOLD investment, confirms heâs getting out of $USD BIGLY $USD is trending lower today, about to break key support #Bitcoin â Gold â Silver
Will all make new ATH in the near term
â Max Keiser (@maxkeiser) August 31, 2020
Because Chainlink based asset tend to be some of the fasted to recovery post Bitcoin dips
â Josh Rager đ (@Josh_Rager) September 3, 2020
https://cointelegraph.com/news/buffett-dumps-wells-fargo-amplifying-bull-case-for-gold-and-bitcoin
https://cointelegraph.com/news/perfect-storm-leads-to-big-sell-off-for-bitcoin-and-defi-weekly-recap
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KRAKEN PREDICTS IMMINENT ,000 BITCOIN (BTC) RALLY!! CHAINLINK TARGETING BY END OF 2020!!
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Major United States-based crypto exchange Kraken has released a report predicting that the Bitcoin (BTC) price will rally by between 50% and 200% in the coming months.
The report notes that Bitcoin posted a 21-month low for volatility on July 24 of just 23%, and stated that BTCâs 12 historic volatility lows (of between 15% and 30%) have typically been followed by a rally of 140% on average.
With August usually the third-most volatile month for BTC price fluctuations, Kraken is predicting that upward momentum produced by Bitcoin at the end of July will continue for several months to come.
Kraken emphasized that Bitcoinâs recent rally resulted in the second-strongest July for BTC price performance since 2011, noting that July was usually the third-weakest calendar month for Bitcoin.
Bitcoinâs 14.5% jump between July 27 to July 31 drove the monthâs overall performance to a 24% gain, positioning the market for continued momentum, according to Kraken. Prior to the move, July produced what the report describes as a âsuppressed pocketâ of weak volatility.
Ten of the 12 past instances of Bitcoin entering a suppressed pocket have been followed by gains exceeding 196%.
Kraken estimates that 44% of Julyâs total trade volume transpired during the final seven days of the month.
The report also notes that Bitcoinâs rolling 30-day correlation with gold jumped to a one-year high of 0.93 on July 31.
The spike comes after the monthly correlation fell to a 10-month low of -0.66 on July 2, contradicting predictions that gold and Bitcoin would emerge as popular âsafe-havenâ assets and move in-step throughout the COVID-19 pandemic and recession.
In other trending Bitcoin News today:
Analyst: Chainlink Targeting $32 by End of 2020 Amid Booming DeFi Market
ChainLinkâs (LINK) raging bull market may have more upside potential, according to one alternative investment analyst.
Timothy Peterson, a chartered financial analysts, says LINK, which is now the sixth-largest cryptocurrency after posting gains of over 500% in a year, appears ready to continue its parabolic rally and move higher by the end of 2020.Â
âDid some quick analysis of Chainlinkâs network growth rate and historical deviations in price put LINK at $32 by end of year.â
At that price, however, Peterson stresses that LINK would have difficulty sustaining itâs bullish momentum.
âInvestors who buy at high levels risk losing 50% of their investment or more. Most growth priced in already.â
ChainLink is a decentralized oracle network that connects real-world data such as interest rates and exchange rates to smart contracts on the blockchain.
The boom in the decentralized finance (DeFi) over the last few months has helped fuel the growth of parallel projects like ChainLink.
Michael Anderson, the co-founder of Framework Ventures, tells Forbes that the importance of oracle networks has become more apparent now that billions of dollars are locked up in DeFi products that rely on smart contracts.
âWe believe the value of LINK will track the value of the smart contract platform it is securing, meaning the long term market cap of LINK will eventually be larger than Ethereumâs current market cap today.â
DeFi Pulse shows that from early June, the total value locked in DeFi protocols grew from a little over $1 billion to almost $5 billion.
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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:
6/ The move above $11K is also significant because it:
+ Breaks #BTC out of its 2.5-year âpennantâ formation (what many believe to signal the next bull market cycle)
+ Makes a higher-high in the macro trend
+ Enters territory #Bitcoin has only occupied for 2.5% of its lifetime pic.twitter.com/j3Bw5EzSg9
â Kraken Exchange (@krakenfx) August 11, 2020
Did some quick analysis of #chainlink‘s network growth rate and historical deviations in price put $LINK at $32 by end of year, but that price would not be sustainable. Investors who buy at high levels risk losing 50% of their investment or more. Most growth priced in already.
â Timothy Peterson (@nsquaredcrypto) August 9, 2020
Chainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot
Analyst: Chainlink Targeting $32 by End of 2020 Amid Booming DeFi Market
https://www.coindesk.com/coinbase-to-offer-bitcoin-backed-loans-to-us-customers
https://cointelegraph.com/news/boom-kraken-predicts-imminent-bitcoin-price-rally-of-up-to-200
https://kraken.docsend.com/view/grpqdjb9c3h59i87
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BITCOIN WILL RISE 100X TO $5 MILLION PER BTC PREDICTS MICROSTRATEGY CEO MICHAEL SAYLOR!!
đ° BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
Software giant Microstrategy has purchased more than $1 billion worth of bitcoins to bring its total cryptocurrency holdings to above $4.5 billion worth.
The company announced on Wednesday that it had acquired an additional 19,452 bitcoins at an average price of $52,475.
This brings the firmâs total holdings to 90,531 bitcoins, which altogether were bought at an average price of $23,985 per bitcoin. This means Microstrategy has more than doubled its investment, with the holdings are currently worth more than half of Microstrategyâs $7.84bn market cap .
Bitcoin is currently trading at around $50,000 after crashing from a new all-time high above $58,000 on Sunday, 21 February, however CEO Michael Saylor predicts that bitcoinâs price could rise 10-fold over the coming years.
Mr Saylor said the latest investment was part of a twin corporate strategy of growing its software business while simultaneously âacquiring and holding bitcoinâ in the expectation that its price will continue to grow in the long term.
âThe company now holds over 90,000 bitcoins, reaffirming our belief that bitcoin, as the worldâs most widely-adopted cryptocurrency, can serve as a dependable store of value,â he said.
âWe will continue to pursue our strategy of acquiring bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities⊠with the objective of using the proceeds to purchase additional bitcoin.â
Speaking to CNBC before the latest investment was announced, Mr Saylor said that he believed bitcoinâs market cap would rise $100 trillion â 10-times that of goldâs.
It is currently worth less than $1trn, having risen from below $100bn last March.
âBitcoin is going to flip gold, and itâs going to subsume the entire gold market cap,â he said.
âOnce it gets to $10 trillion, its volatility will be dramatically less. As it marches toward $100 trillion, youâre going to see the growth rates fall, the volatility fall, and itâs going to be a stabilizing influence in the entire financial system of the 21st century.â
Microstrategyâs announcement comes less than three weeks after Tesla revealed that it had ploughed $1.5bn of its cash assets into bitcoin.
Prior to the electric car makerâs announcement, Mr Saylor offered advice to Tesla boss Elon Musk on how to purchase such large amounts of bitcoin.
In a public Twitter exchange, Mr Saylor said the investment would be a â$100 billion favourâ to Tesla shareholders.
In other breaking Bitcoin News today:
Cardano Is Now A Top-Three Cryptocurrency As ADA Price Soars 27% In 24 Hours
Cardano Ada received a fresh wave of optimism and buying volume on Feb. 26 that pushed its price to a new all-time high of $1.49, making it the third-ranked cryptocurrency by market capitalization.Â
Data from Cointelegraph Markets and TradingView shows that Ada surged 27% from a low of $0.98 during the early trading hours on Feb. 26 to its new high at $1.49 on record trading volume.Â
Momentum for the project has been building throughout the month of February following the integration of the Mary upgrade to Cardanoâs testnet on Feb. 3. The upgrade enables smart contract functionality, helping transform the blockchain into a multiasset network similar to Ethereum.
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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:
FACT: Any perceived âUtility valueâ for Gold adds nothing â while its being abandoned as money in favor of #Bitcoin In fact, itâs a primary reason why the market prefers BTC over Gold. BTCâs price-discovery is unencumbered by any perceived utility-value. Itâs just pure money. https://t.co/uduDVlAtoF
â Max Keiser (@maxkeiser) February 27, 2021
The Bullion Banks and Central Banks have been demonetizing Gold for decades. Into the mess strolled #Bitcoin Now the demonetization process is speeding up.
â Max Keiser (@maxkeiser) February 26, 2021
#Bitcoin Price is now $80,000 in Nigeria â a 60% premium.
Thatâs what happens when you try to ban something people want.
â Bitcoin Archive đđđ (@BTC_Archive) February 18, 2021
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