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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the worldâs assets combined. So in the grand scheme of crypto, this is why many analyst believe weâre still so early.
âIf Bitcoin captures just 5% of the market cap of other assets on this chart, itâll be worth over $2M/coin.â
In other trending Bitcoin News today: Bitcoin bears lack âballsâ to continue selling into 2022!
BTC bears will probably be too âstonelessâ to keep prices down much longer, fresh Bitcoin price analysis argues.
In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoinâs recent 39% correction.
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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/institutional-investment-will-boost-bitcoin-to-75-000-says-seba-ceo
https://cointelegraph.com/news/1-in-a-billion-second-tiny-miner-solves-a-block
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John McAFee Calls His Own John McAFee Calls His Own $1 Million Bitcoin Price Prediction in 2020 a âRuseâ to Attract New Users Million Bitcoin Price Prediction in 2020 a âRuseâ to Attract New Users
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John McAfee has just backpedaled on his $1 Million Bitcoin price prediction, one of the wildest wagers in the history of Cryptocurrency.
In his recent tweet, the cybersecurity tycoon makes it clear that his promise to eat his penis if the BTC price doesnât go to $1 Million by Dec. 31, 2020, was simply a âruseâ that was meant to attract new users.
John McAfee tweeted on Crypto Twitter:
âEat my dick in 12 months? A ruse to onboard new users. It worked. Bitcoin was first. Itâs an ancient technology. All know it. Newer blockchains have privacy, smart contracts, distributed apps and more. Bitcoin is our future? Was the Model T the future of the automobile?â
In other Crypto news today, a number of analysts are still bullish on Bitcoin.
One analyst recently drew attention to a fractal, suggesting that should BTC follow it, the price of the cryptocurrency could top $10,000 by 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:
Eat my dick in 12 months?A ruse to onboard new users. It worked.Bitcoin was first. It’s an ancient technology. All know it.Newer blockchains have privacy, smart contracts, distributed apps and more.Bitcoin is our future?
Was the Model T the future of the automobile?
â John McAfee (@officialmcafee) January 5, 2020
This Fractal Suggests Bitcoin Price Will Explode Past $10,000
https://bitcoinist.com/has-mcafee-drops-bitcoin/
Post Views: 278 -
WARREN BUFFET WILL PANIC-BUY BITCOIN AT K SAYS MAX KEISER!! BTC IS TARGETING 8K STOCK-TO-FLOW!
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Bitcoin pioneer, Max Keiser has predicted that the Berkshire Hathaway CEO will panic-buy BTC at $50,000.
Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with Bitcoin.
It seems that the U.S. dollar is really losing its power.
As a matter a fact, if itâs to believe crypto enthusiast and analyst Max Keiser, the U.S. dollar is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs.
In his latest prediction for macro, Keiser cautioned that safe havens would seriously outperform fiat.
He also implied that Warren Buffett well knew that this was coming. Keiser wrote:
âBuffettâs 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
Bill Smead, chief investment officer at Smead Capital Management, which invests nearly 3% of its assets in Berkshire commented:
âThe inflation cocktail is being mixed and Buffett is migrating his investment to where you can create value through inflation. These are companies that will make more money if the price of oil [or] any input goes up.â
Buffett, however, is famous for his so-called macro moves, even though he stays as a loyal BTC skeptic.
Last week, the so-called âBuffett Indicatorâ cautioned about a stock market crash, even as large-cap stocks went on rising.
Before that, Anthony Pompliano, co-founder of Morgan Creek Digital, publicly bet that Buffett will eventually decide to buy a Bitcoin after he revealed his move into gold.
At the time, Keiser claimed that the gold frenzy alone could boost investors, helping push the Bitcoin price to $50,000.
In February this year, Warren Buffett dismissed Bitcoin and other cryptocurrencies as worthless by saying:
âCryptocurrencies basically have no value. They donât produce anything. You canât do anything with it except sell it to somebody else. But then that personâs got the problem.â
âI donât own any cryptocurrency,â he said. âI never will,â and added that none of Berkshireâs businesses uses Bitcoin, and highlighted its frequent usage for illicit purposes.
âBitcoin has been used to move around a fair amount of money illegally,â Buffett said going on joking on Bitcoinâs âeconomic contributionâ to society might be reducing demand for suitcases.
In other trending Bitcoin News today:
Bitcoin is targeting $288K Stock-to-Flow Price âLike Clockworkâ â PlanB
Bitcoin (BTC) is heading to $288,000 and higher âlike clockworkâ as fiat currency woes mount and European inflation goes negative.
In a tweet on Sept. 1, PlanB, creator of the stock-to-flow (S2F) family of Bitcoin price models, said that BTC/USD had performed exactly as expected in August.
Listing the monthly closing price since Mayâs block subsidy halving, PlanB noted that each corresponded to the predictions of his S2F cross-asset model.
âBitcoin⊠like clockwork,â he summarized. Bitcoin has now put in its fourth so-called âred dotâ on the S2F chart since May.
According to performance after the previous two halvings, that leaves just months before a major price surge ensues.
According to S2FX, the current halving cycle, which like the others lasts four years, should produce a Bitcoin price focal point of $288,000.
The top, PlanB previously explained, could be more than double that.
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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:
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
https://cointelegraph.com/news/bitcoin-is-targeting-288k-stock-to-flow-price-like-clockwork-planb
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BITCOIN COULD SURGE TO M WITHIN FIVE YEARS, SAYS CRYPTO HEDGE FUND MANAGER! TRUMP OR BIDEN VS BTC?
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Morgan Creek Digital Assets co-founder and partner Jason Williams says Bitcoin could meteorically rise nearly 17,900% in five years as BTC solidifies its position as a safe haven asset.
In a Norwegian Block Exchange interview, Williams offers his bull scenario for the worldâs leading cryptocurrency.
âBitcoin could hit $1 â $3 million dollars in the next five years. People have no idea what it will look like when large banks and countries start holding Bitcoin in their treasury.â
The crypto hedge fund manager highlights Bitcoinâs scarcity as a key characteristic that will attract more institutional players and continue to drive the value of the king cryptocurrency.
In the last few months, institutional players in the form of publicly traded companies have announced their entry into BTC with multi-million-dollar investments.
In September, business intelligence company MicroStrategy upped their BTC investments to $425 million. Last month, payments giant Square revealed that it made a $50 million BTC acquisition.
With more institutions flocking into the number one cryptocurrency, Bitcoin Treasuries reveals that publicly traded companies have increased their BTC holdings from over $6.9 billion in mid-October to $10.7 billion this month.
In April, when Bitcoin was trading around $6,000, Jason Williams predicted that BTC would surpass its all-time high of $20,000 this year.
In other trending Bitcoin News today:
Trump Or Biden? Max Keiser Explains Why Bitcoin Will Be The Ultimate Winner After the US Elections
Famous TV host Max Keiser explains how Bitcoin will emerge as the ultimate winner, despite who wins the 2020 US Presidential elections.
Max says, âWith Trump, who at least understands something about capitalism, the ascent of Bitcoin would be slower as I believe he would calm markets by having the US enter the global hash war that Iran now leads in a Sputnik-like call to enter the Hash Race moment.â
Keiser added that the US needs to strive for a âbig slice of Bitcoinâs global hash rate before our competitors do. I know of several countries that will soon announce major sovereign underwritings of BTC hash rate to try and oust Iranâs position.â
Keiserâs views see BTC sharply explode in value in case Biden emerges the winner come Sunday.
âAs Iâve said, a Biden win would accelerate Bitcoinâs advance as panic-buying from those looking to escape the socialists, money printers, and MMTâers goes into hyperdrive.â
âIt will be like the 1938âs Kristallnacht (also known as the Night of Broken Glass or the November Pogrom), jack-booted armed thugs will go door-to-door stealing property in the name of social justice.â
Bitcoin is bigger than the elections, asserted Keiser.
Itâs an asset that has no real âcorrelation with anything â stocks, bonds, currencies, gold, commodities, or property â and certainly no political parties or political outcomes, here in the US or anywhere in the world.â
Bitcoin is correlated only to Bitcoin. Despite the outcome of the upcoming elections, Bitcoin will still be backed âby an insatiable hunger.â Itâs a cosmic scale hunger because âBitcoin is the Big Bang of money.â
âTo be clear, I donât mean BTC is backed by energy. What Iâm saying is, itâs backed by code thatâs unstoppably programmed to consume all available energy on Earth and beyond, to create absolute monetary scarcity to elevate humanity to a more pure spiritual state of existence. Transcendence on this scale takes synchronization and massive amounts of energy.â
Keiser also said that no matter whoâs the US president, Bitcoin is on its way to take out gold as the ultimate monetary store of value and doubled-down on his 40x-80x price prediction.
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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:
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