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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 world’s assets combined. So in the grand scheme of crypto, this is why many analyst believe we’re still so early.
“If Bitcoin captures just 5% of the market cap of other assets on this chart, it’ll be worth over $2M/coin.”
In other trending Bitcoin News today: Bitcoin bears lack ‘balls’ to continue selling into 2022!
BTC bears will probably be too “stoneless” 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 Bitcoin’s 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/vitalik-proposes-new-multidimensional-ethereum-fee-structure
https://cointelegraph.com/news/bitcoin-may-pass-30k-september-lows-trader-warns
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THREE ARROWS CAPITAL CEO SAYS BITCOIN CAN HIT $2.5M IN SUPERCYCLE TOP!! BTC WILL HIT $100K BY MAY!!
BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalertsSu Zhu, the co-founder and CEO of fund management firm Three Arrows Capital, is revealing an astronomical Bitcoin price prediction of $2.5 million per BTC.
In a new interview with UpOnly, Su Zhu compares Bitcoin to gold, asserting that gold is likely undervalued and that in the long run, Bitcoin is primed to take over a large portion of the precious metal’s market share.
“I mean, I think there’s an argument that gold itself is very undervalued. If it was the dominant store of value cause this thing was at like $1,700 years ago… and let’s say gold should have 5X’d if there wasn’t Bitcoin, then really we’re looking at a $50 trillion market cap.
So then you’re already halfway there to $100 trillion and that will get you to $2.5 million per BTC and I think that that is definitely possible.”
The CEO says he expects BTC to jump up in sudden price surges along the way and, due in part to institutional investors, simply refuse to return back down to previous levels.
Eventually, says Zhu, the asset will likely look like gold does now – relatively stable.
“I think that at the top of it, it will behave like how gold is now, so low volatility-ish. And I think the way that people should think about how that process will go is that it will be [in] bursts, right. Where the markets look linear in like the short term – it’s always up $1,000, down $1,000 and then you get these bursts. And you get these big repricings and people can never buy again [at the same price].”
As for what Zhu believes will come of the meme crypto asset Dogecoin (DOGE), a project that has caught the eye of Tesla CEO Elon Musk, the Three Arrows co-founder says that it could have a significant amount of upward potential with Musk’s support.
“Elon [Musk is] shilling DOGE a lot and he must have a plan for it. So it’s tough to say. It can go up high.”
In other trending Bitcoin News today:
FRACTAL FROM LAST BULL RUN SAYS BITCOIN WILL HIT $100K BY MAY
Here’s a look at the similarities between the two cycles, and the roadmap that takes the price per BTC to $100,000 and higher within the next couple of months.
Bitcoin volatility is picking up, starting with an explosive move from $10,000 to $50,000 in a few short months. The complete repricing of the coin has been due to institutional investors scrambling to buy what they can of the scarce crypto asset.
At only 21 million coins and a market cap of under $1 trillion, Bitcoin is expected to grow in the long-term reliably. And in an economic climate where growth is challenging to come by, the cryptocurrency has become especially attractive.
But as Bitcoin price discovery takes place, volatility is bound to ensue and is has in recent weeks as the cryptocurrency recently shed 20% in a single day. At prices of $50,000 per coin, a 20% dive means $10,000 in value apiece evaporating into thin air, compared to the $1,000 per plunge crashes during the last bull market.
If the same path is followed, Bitcoin could see further collapse before experiencing a sharp rebound to more than double the price. The price action will play out quickly, taking Bitcoin price first to $75,000 in April, then $100,000 by the time May rolls around.
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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:
Previous macro tops have occurred when thousands of transactions worth 5 to 7 million dollars each were flooding the blockchain. True FOMO. Currently, no such FOMO in sight for $BTC. pic.twitter.com/s9Cbgn4n8Q
— whalemap (@whale_map) February 25, 2021
#Bitcoin doesn’t look too great for a bull continuation coming period.Still, retest at $54,000-55,000 could happen, but I’m cautious when we get there. If we lose $47,000, then I’m looking at $42,000-44,000 and $37,000-38,500 next.
That should be the low.
— Michaël van de Poppe (@CryptoMichNL) February 25, 2021
Fractal From Last Bull Run Says Bitcoin Will Hit $100K By May
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TIM DRAPER: Bitcoin (BTC) Is A Superior Currency That Frees People!
[PODCAST PROMO] Get 250,000 CMDX Tokens from our sponsor (Valued at $25) For Free: http://promo.cryptonewsalerts.netBitcoin (BTC) is a superior currency that frees people, commented venture capitalist Tim Draper (Bitcoin Bull) in an interview with The Bitcoin of Crypto Street.
In Tim Drapers own words, “All of a sudden, we have a currency that is not tied to a government and not tied to a geographic territory.
“BTC also serves as a store of value, while being cheaper in comparison to bank or credit card transactions.”
“That frees us, because governments have always used that currency to control us,” he added.
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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.
News Resources From Today’s Show:
Bitcoin (BTC) is a Superior Currency That Frees People: Tim Draper
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POPULAR ANALYST UNVEILS YEAR-END TARGET FOR BITCOIN, SAYS HE’S SELLING ONCE BTC HITS THIS LEVEL!!
BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalertsA popular crypto trader and analyst says he plans to scale out of Bitcoin once BTC hits a certain level.
Kaleo, a trader who has amassed a large following in the current market cycle, tells his 329,900 Twitter followers that Bitcoin will likely surge more than 520% from its current value of $34,658 by the end of the year.
“Still think it tops out w/ a nice wick around $185,000 – $215,000, but my goal isn’t to snipe the top.”
Amid his mega bullish outlook for the leading cryptocurrency, Kaleo says he will start selling once Bitcoin breaks below his price target.
“Basically, my game plan is to be uber bullish until Bitcoin breaks above $150,000. I’ll start exiting there and flip uber bearish when it breaks back below $150,000.”
In other trending Bitcoin News today: Bitcoin Supply Shock Now in Play, Says On-Chain Analyst Will Clemente!
Clemente tells his 129,500 Twitter followers that a supply-side crisis may be on the horizon as investors with strong hands, or with little history of selling, pounce onto BTC amid its downward price action.
“Bitcoin is now in heavy accumulation. Supply shock in play. There’s been a clear bull divergence in strong hand buying vs price, but check out that big spike printed last night. This force is pushing up against price.”
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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:
Basically my game plan is to be Uber bullish until Bitcoin breaks above $150K. I’ll start exiting there and flip Uber bearish when it breaks back below $150K.
— K A L E O (@CryptoKaleo) July 2, 2021
Bitcoin Supply Shock Now in Play, Says On-Chain Analyst Will Clemente