BITCOIN EYES DROP TO $35K AS BTC PRICE PAINTS ‘DEATH CROSS’!! CRYPTO FEAR HITS 5 MONTH LOW!!

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While a $10 million Bitcoin price might seem hyper-bullish, there is real reason to believe such an ascension in BTC price could occur. Bitcoin will experience three halvings this decade, the first in 2020, the second in 2024 and the third in 2028. Counting the 2020 halving that already occurred last year, Bitcoin has experienced a total of 3 halvings since its launch in 2009. Historically, in the year following each halving, the bitcoin price shoots up exponentially due to an increase in demand and decrease in supply in the market.

In other trending Bitcoin News today: President Bukele Teases El Salvador’s Volcano-Powered Bitcoin Mining Preview! El Salvador’s President, Nayib Bukele, used Twitter to give an early peak at the planned Bitcoin mining setup, which would be powered by volcanoes. Earlier this month, Salvador became the first country in the world to recognize Bitcoin as legal money. The country’s congress passed the Bitcoin bill with an overwhelming yes vote. The President also announced ambitions to turn small island nations into a hotspot for environmentally friendly Bitcoin mining.

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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://bitcoinmagazine.com/culture/bitcoin-10-million-price

https://cointelegraph.com/news/bitcoin-price-very-near-bottom-with-30k-dip-says-bullish-institutional-report

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

Dan Held, growth lead at crypto exchange Kraken, is outlining the catalysts that he believes could ignite a Bitcoin ‘Supercycle’, catapulting the BTC price to $1 million.

In a new episode of the What Bitcoin Did podcast, Held explains why he believes the current bull market could grow exponentially larger than Bitcoin’s boom cycles in 2013 and 2017.

“When I look at these cycles though, what makes me very excited about this upcoming one, which could be… a supercycle, is that this time, is different. The 2013 bull run, the 2017 bull run, it was mainly based on retail-driven speculation. The macro markets, the rest of the world, was doing fine. It was a large bull run and these were mainly speculative cycles run by retail with a very shaky infrastructure…

With this bull run, we’ve got a lot of different things lined up.”

According to Held, Bitcoin’s primary use case as a store-of-value asset was put into the spotlight by the Covid-19 pandemic amid the rampant money printing of governments across the globe.

Covid was the catalyst moment that makes Bitcoin shine. With the Covid lens when we look at Bitcoin, for most people who had dismissed it previously, now it makes sense. And that’s where we see this echoed by the institutions. The managers of all the wealth in the world, the large portion of wealth in the world, they look at Bitcoin as a store of value, as a gold 2.0… And that is a huge value for the world. 

As the governments had their response to Covid-19 being money printing, that will devalue these currencies eventually and folks are looking at the 21 million fixed hard cap of Bitcoin. They are looking at this monetary policy, they are looking at Bitcoin’s construction, and how decentralized it is. Now you can store value in it and no one can take that value away from you, as this incredible lifeboat…

So Bitcoin’s demand, or people believing in Bitcoin, that market has grown tremendously to where now we have institutions.”

Held adds that the improvement in cryptocurrency infrastructure, which has made the flagship crypto asset more accessible to retail investors, is another factor that could continue fueling demand.

“We also have a much more vast retail customer segment. So retail buyers can now buy Bitcoin on PayPal, Robinhood, Cash App. They can buy it everywhere. And eventually, that’s going to reach brokerages like Fidelity, like within a retail brokerage Fidelity or E-Trade and Interactive Brokers. Eventually, you’re going to be able to buy Bitcoin everywhere, which means Bitcoin can now tap into all demand that wants it.”

For the current bull run to qualify as a supercycle, the Kraken Bitcoin needs to appreciate over 20x from its current value of $48,944.

In other trending Bitcoin News today:

Bitcoin Breaks $50K: Why BTC Price Is Primed For Another Leg Up

The price of Bitcoin (BTC) surpassed $50,000 for the first time in history across major exchanges, including Coinbase and Binance Futures.

CryptoQuant CEO Ki Young Ju explained that Bitcoin’s struggle to break past $50,000 is about “Coinbase whales (USD) vs. Stablecoin whales (USDT).”

Ki emphasized that there was a negative Coinbase premium at the time Bitcoin rejected $50,000 in the morning. For BTC to cleanly break past it, he explained that the negative premium has to be “cooled down.”

Since the initial rejection, the Coinbase premium has stabilized, reaching parity with Binance’s Tether price.

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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:

Number of the day: 4,000,000,000,000$4T of cash sitting in US non-financial corporations.$4T is also Gold’s financial cap.

$4T is also #Bitcoin‘s projected cap for end of this year on current models.

— Willy Woo (@woonomic) February 16, 2021

https://cointelegraph.com/news/bitcoin-futures-break-50k-why-btc-price-is-primed-for-another-leg-up

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

Venture Capitalist Simon Dedic says that while he believes Bitcoin will put together a face-melting rally in the next bull run, he sees five altcoins outshining the leading cryptocurrency.

In a recent tweet, Dedic says he expects the crypto market to launch another bull market but warns that the rising tide will not lift all boats.

The founder of digital asset intelligence firm Blockfyre predicts that Bitcoin will soar nearly 1,500% to $150,000 in a new bull cycle.

But unlike the peak of the 2017 crypto bull market, when many altcoins generated gains of over 1,000%, the Blockfyre executive believes only a handful of altcoins will print potentially life-changing gains.

At the top of Dedic’s altcoin’s list is Ethereum (ETH).

He expects the second-largest cryptocurrency to skyrocket to $9,000 for an increase of 3,650% from its current price of $240.

Dedic sees ChainLink (LINK), which is trading at $4.34 at time of writing, to surge over 4,500% to $200.

He also believes Binance Coin (BNB) will soar to $500 and post gains of more than 2,700% from its current value of $17.64.

Next is VeChain (VET), which he predicts will rise almost 15,000% from its current price of $0.006682 to $1.00.

Wrapping up the venture capitalist’s list is Tezos (XTZ). Dedic says he believes XTZ, which is currently valued at $2.91, will generate gains of more than 6,700% as it climbs to $200.

The altcoin market is especially risky, with many coins remaining down more than 90% from their all-time highs in the last parabolic crypto rally, which ended in December of 2017.

In other trending Bitcoin News today:

Billionaire Entrepreneur and Crypto Critic Mark Cuban Admits Bitcoin Is a Store of Value

One of Bitcoin’s biggest mainstream critics says the top cryptocurrency can be a store of value after all.

In a new conversation with Bitcoin maximalist Preston Pysh, billionaire entrepreneur Mark Cuban issues a rare compliment to BTC.

But he maintains that Bitcoin has zero chance of becoming a global reserve currency and challenging the US dollar.

“It can be a store of value. But the conversation started with the challenges of the current federal reserve system. He isn’t wrong about the system. But he is wrong about the fungibility of btc and it’s ability to impact society as a replacement for the current system” – Mark Cuban

Late last year, Cuban said bananas are more useful to him than Bitcoin.

“I’d rather have bananas. I can eat bananas. Crypto, not so much. Look, I can make a great argument for blockchain. There’s a lot of applications and they’ll be used. But you don’t need public Bitcoin, BTC. You can create blockchain on your own without using all the available cryptocurrencies.”

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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:

In 2017, you could have bought literally any alt and it was a good investment.Imo this won’t happen again.However, I still believe that the bull run will return, pumping the few solid alts out there.

Predictions:$BTC $150k$ETH $9k$LINK $200$BNB $500$VET $1$XTZ $200

— Simon Dedic (@scoinaldo) June 4, 2020

https://cointelegraph.com/news/forget-10k-bitcoin-12k-breakout-will-catch-everyone-off-guard