BITCOIN PRICE CAN SKYROCKET TO $1 MILLION PER BTC ADMITS PETER SCHIFF IN REGRET FOR NOT BUYING ANY!!

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Raoul Pal, the founder and CEO of Global Macro Investor who has more than 50% of his capital in Bitcoin, is anticipating a wave of institutional funds to push the BTC price to $1,000,000 in the next 5 years.

In an interview with Stansberry Research, the former hedge fund manager says that the world economy is moving from the “hope phase” to the “insolvency phase” as investors realize that the economy is going to recover from the COVID-19 pandemic much slower than originally expected.

Along with institutional adoption, he believes this narrative may create the perfect set-up for a huge long-term BTC bull cycle.

“…There’s no stimulus around, and we’ve got more problems to come in Europe, the US and elsewhere, and businesses don’t have enough cash flow. They’re closing in droves and that’s what I call the ‘Insolvency Phase’…

“Yeah, I think [$1 million is] about right. Just from what I know from all of the institutions and all of the people I speak to, there is an enormous wall of money coming into this. It’s an enormous wall of money. Just the pipes aren’t there to allow people to do it yet, and that’s coming, but it’s on everybody’s radar screen and there’s a lot of smart people working on it.”

Though Pal considers himself a “hybrid adopter” of both gold and Bitcoin, he still says that he’s considering selling his gold to buy more Bitcoin.

“When you get to the macro opportunity, when it’s all happening and Bitcoin starts breaking out of these patterns that its been forming, it is going to massively outperform gold. I am 100% sure of that, so in which case, why would I have a gold allocation?”

In other trending Bitcoin News today:

ANALYST: BREAKING THIS ONE LEVEL COULD SEND BITCOIN TO $14,000+

Bitcoin and the entire crypto market have been caught in the throes of a consolidation phase in the time following BTC’s surge from $10,600 to $11,400.

This move was significant and seemed to indicate a trend reversal working in favor of buyers.

BTC’s momentum has slowed, but this may mark bulls’ attempt to garner enough support to spark a continuation of this uptrend.

One analyst is now noting that a move past $14,000 could be imminent in the near-term if the crypto can surmount $11,600.

Bitcoin has remained strong despite bears attempting to thwart its uptrend. It is currently trading up nearly $1,000 from where it was just over a week ago.

This strength may extend further, as its ongoing consolidation phase does appear to be shifting the cryptocurrency’s trend and positioning it for further upside.

Despite Bitcoin’s slowing momentum as it hovers around $11,400, one analyst believes that it is on the cusp of potentially seeing significantly further gains in the days and weeks ahead.

He notes that it all depends on how BTC reacts to $11,600, a key near-term resistance level to observe.

“BTC: If $11,600 gets flipped I see a clean $14k+… Until then I think we reject/range around $11,600 and dump lower,” the analyst said while pointing to the below chart.

Because this level sits less than 2% above where Bitcoin is currently trading, a test of it could be right around the corner.

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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:

Analyst: Breaking This One Level Could Send Bitcoin to $14,000+

https://cointelegraph.com/news/dollar-dip-meets-hash-rate-boom-5-things-to-watch-in-bitcoin-this-week

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RIPPLE XRP IS DOGSH*T SAYS BITMEX CEO ARTHUR HAYES | Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

Today, February 5th should have been an exciting day for Ripple XRP as behemoth derivatives exchange BitMEX adds a new perpetual swap contract for its XRP token.

But while BitMEX is “proud” to announce the new trading pair, CEO Arthur Hayes calls XRP “dogsh*t” on Crypto Twitter.

Ripple fans should be celebrating this listing and looking forward to more meaningful price action.

Except that this day will now be tainted with a whiff of something unpleasant as BitMEX CEO Arthur Hayes vocally disses Ripple’s token on Twitter.

“Is it called Ripple, XRP, or dogsh*t? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha!“

This type of outburst on Twitter won’t go down well with Ripple as one of crypto’s most influential people outwardly slates XRP. 

It also shows the BitMEX CEO cares very little about the quality of the projects he lists as long as they make him money.

And it gives yet another reminder of the responsibility that comes with power–and the dangers of loose fingers on Twitter.

Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

2020 has been Bitcoin’s year, with the cryptocurrency posting massive gains throughout January as bulls attempt to lay the groundwork for the BTC price to see parabolic gains throughout the rest of the year.

It is important to note that there is currently a multitude of separate factors that are influencing the Bitcoin price action, and the confluence of these factors does seem to suggest that a new bull-favoring cycle is right around the corner.

As for when this new cycle will begin, it does appear that all these factors are pointing to a notable macro trend shift occurring in early-May, which happens to be when the crypto’s mining rewards halving event is set to occur.

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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:

Been about a month, updating again. Incredible bounce off the curve.

Halving estimate updated to May 12th, 2020. This is looking like it will be May 10th or earlier by the time it arrives.$BTC pic.twitter.com/Y9rcOjZXH2

— Jonny Moe (@JonnyMoeTrades) February 3, 2020

Is it called Ripple, XRP, or dogshit? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha! https://t.co/pa3T5vd5kl

— Arthur Hayes (@CryptoHayes) February 4, 2020

How a Crypto Cold War Could Arise From Central Bank Competition

Bitcoin is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

Ripple’s XRP Is Dogsh*t Says BitMEX CEO

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

A high-profile crypto trader is discussing what he believes is in store for Bitcoin heading into the rest of the year. 

The pseudonymous trader, known as ‘Crypto Kaleo’, also shares a chart overlaying with his projected July BTC price action. According to the trader’s chart, Bitcoin might consolidate until the end of July, and then take off and hit $48,000 by August.

“This isn’t to say that history mirrors itself perfectly, but it often rhymes.”

In other trending Bitcoin News today: DeFi on Bitcoin: Jack Dorsey says Square’s new division will make it happen.

Square CEO Jack Dorsey has revealed that the firm is building a new division that will focus on building decentralized finance services that utilize Bitcoin.

“Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is Bitcoin. Its name is TBD.”

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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:

Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD.

— jack (@jack) July 15, 2021

https://cointelegraph.com/news/defi-on-bitcoin-jack-dorsey-launches-new-square-division-to-make-it-easy

https://cointelegraph.com/news/paypal-increases-crypto-purchase-limits-to-100k

https://cointelegraph.com/news/bitcoin-price-tumbles-to-final-support-as-trader-warns-of-24k-btc-price-target