ONE BITCOIN MAY BE WORTH $1 BILLION BY THIS DATE, SAYS FIDELITY DIRECTOR OF GLOBAL MACRO!!!!!

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TOP INVESTOR STILL EYES $20,000 BITCOIN PRICE

Yesterday, the infamous 2020 Bitcoin Halving finally came to pass.

Unlike optimists expected, the market didn’t pump in the wake of this event. Instead, BTC is actually down more than 15% in the past three days, having rallied as high as $10,100 on Thursday.

Yet this drop has not stopped a prominent Wall Street billionaire from predicting the Bitcoin price will rally towards $20,000 by the end of the year.

Speaking to CNBC’s “Fast Money” panel in the wake of the halving, Galaxy Digital chief executive officer Mike Novogratz held his bullish tone on the leading cryptocurrency.

He asserted that with all of the stimulus by governments, along with the record amount of liquidity operations by central banks, Bitcoin could climb towards $20,000 by the end of the year.

Along with the positive macro outlook, Novogratz noted that Paul Tudor Jones, the legendary macro hedge fund investor, entering the Bitcoin space is especially notable.

This point was not expanded on, but many in the space believe that the investor’s entrance of the space is one of the most bullish things to happen to the cryptocurrency.

The idea goes that because Jones is now in Bitcoin (and in the space publicly), other investors that were sitting on the fence are more likely to flock to buy Bitcoin now.

In other trending Bitcoin News today:

Top Analyst Predicts Bitcoin (BTC) Mania in June, Sparking Fast and Volatile Push to All-Time High

A prominent crypto strategist who accurately called the bottom after the coronavirus-induced sell-off in March says he’s long-term bullish on Bitcoin, but not before the world’s leading cryptocurrency whipsaws traders.

In a tweetstorm, pseudonymous trader Bitcoin Jack says that he expects volatility to reign for the rest of the month before Bitcoin accelerates in June.

“Key requirements in May for my thesis: decent buy pressure this week with resistance between $10,500 to $11,000, sell-off into strong support at $9,000 – $9,500 that holds. That would complete a running flat. If so, it is a recipe for an end of May / June rally.”

Should Bitcoin follow the script, the crypto analyst says BTC will begin to rise next month in a rally that ignites FOMO, mania and media attention en route to $15,000.

After the rally, Jack expects the top cryptocurrency to correct and form a base which would set the stage for a massive bull run to $20,000.

“I expect support ($9,000 – $11,000) to form by August. If my earlier thesis is correct, we should then rally towards previous ATH by Dec/Jan.”

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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:

Post Halving, Bitcoin Will Still Surge to $20,000: Wall Street Billionaire

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Bitcoin can offer protection against the “depreciating value of money,” newly bullish BTC investor Ray Dalio says.

In a Reddit “Ask Me Anything” session on Dec. 8, Dalio, who last month abandoned his skepticism of Bitcoin, said that the cryptocurrency could complement gold as an investment.

“I think that Bitcoin (and some other digital currencies) have over the last ten years established themselves as interesting gold-like asset alternatives, with similarities and differences to gold and other limited-supply, mobile (unlike real estate) storeholds of wealth,” he wrote.

“So it could serve as a diversifier to gold and other such storehold of wealth assets.”

Dalio shed light on his opinion of various aspects of the global economy, including the United States’ current position, China and the state of fiat currency.

Continuing, he argued that money printing would spur asset inflation, implying that simply holding wealth in cash would lead to losses.

“We are in a flood of money and credit that is lifting most asset prices and distributing wealth in a way that the system that we’ve come to believe is normal is unable to, and that is threatening to the value of our money and credit,” he warned.

“Most likely that flood will not recede, so those assets will not decline when measured in the depreciating value of money. It is important to diversify well in terms of currencies and countries, as well as asset classes.”

His perspective conspicuously mimics that of Bitcoin proponents, notably Michael Saylor, CEO of MicroStrategy, who is guiding the company toward BTC reserves of nearly $1 billion.

Saylor, in an interview with The Bitcoin Standard author Saifedean Ammous in September, stressed that asset inflation was far outstripping that of cash, and that large paper money holdings were thus akin to a “melting ice cube.”

Dalio thus departs further and further from the Bitcoin-skeptic position he held just weeks ago, which began to thaw when he admitted that he “may be missing something” about its true nature. Nonetheless, he stopped short of advocating a “full Bitcoin” portfolio.

“The main thing is to have some of these type of assets (with limited supply, that are mobile, and that are storeholds of wealth), including stocks, in one’s portfolio and to diversify among them. Not enough people do that,” he reasoned.

On the topic of gold, Dalio was more opaque. Choosing between the precious metal and Bitcoin would depend on central banks’ behavior.

“As far bitcoin relative to gold, I have a strong preference for holding those things which central banks are going to want to hold and exchange value in when they are trying to transact,” he concluded.

In other trending Bitcoin News today: 

Bitcoin Plunges Below $18,000 – Here Are The Levels To Watch Next

Bitcoin fell below $18,000 on Dec. 9 in the latest continuation of its bearish comedown from all-time highs.

At press time, new lows near $17,600 were appearing, with 24-hour losses totaling more than 7%.

The situation was tenuous for Bitcoin after support was lost higher up, with exchange data showing buyer interest only lined up in significant amounts at $16,200. Converse selling pressure had provided an instant rejection at close to $20,000 last week.

“Third test of support and breakdown,” summarized Cointelegraph Markets analyst Michaël van de Poppe to his Twitter followers on Wednesday.

“Testing levels multiple times doesn’t make the level stronger. Downtrend likely to continue? I think so, unless $18,500–18,700 is reclaimed, I think we’ll continue correcting.”

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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:

Averaged out, Bitcoin has 10x’d every 2 years.2008 .012010 .102012 1.002014 10.002016 100.002018 1000.002020 10,000.00

h/t @FreakieF

— Dan Held (@danheld) December 8, 2020

Citi downgraded MicroStrategy because of its plan to accumulate a significant amount of #Bitcoin in its corporate treasury.

Never forget this is one of the ratings agencies that rated subprime mortgages AAA right before the housing market crashed and destroyed the global economy

— Vijay Boyapati (@real_vijay) December 9, 2020

BIG UPDATE: @RayDalio, Founder of Bridgewater (world’s largest hedge fund) just said in Reddit AMA: “I think that #Bitcoin (and some other digital currencies) have over the last ten years established themselves as interesting gold-like asset alternatives.”https://t.co/0yqia9frvy

— Cameron Winklevoss (@cameron) December 8, 2020

Watch how traders, shitcoiners and weak hands transfer their #bitcoin to strong hands like Grayscale, Paypal, Square, MicroStrategy etc. These BTC will disappear from the market and go into deep cold storage and stay there for years. pic.twitter.com/McpnqEelV0

— PlanB (@100trillionUSD) December 8, 2020

Third test of support & breakdown. Testing levels multiple times doesn’t make the level stronger.

Downtrend likely to continue? I think so, unless $18,500-18,700 is reclaimed, I think we’ll continue correcting. $BTC

— Michaël van de Poppe (@CryptoMichNL) December 9, 2020

https://cointelegraph.com/news/bitcoin-plunges-below-18-000-here-are-the-levels-to-watch-next

https://cointelegraph.com/news/a-flood-of-money-and-credit-ray-dalio-new-bitcoin-praise-echoes-microstrategy

➡️ TEEKA TIWARI – 5 Coins To $5 Million: http://final5.cryptonewsalerts.net

The world will be “nasty” if Bitcoin hits stock-to-flow’s BTC price predictions of $288,000 and higher, PlanB warns, as governments will fight for it.

The creator of the Bitcoin price model, which forecasts $288,000 for BTC/USD by 2024 will “go dark” if his BTC predictions come true.

Speaking on the latest edition of the Stephan Livera podcast on May 5, PlanB warned about the implications of his Bitcoin bull scenario. 

Stock-to-flow’s latest incarnation, S2FX, was released last week and increased its average Bitcoin price expectations five times compared to the previous version. For PlanB, despite the obvious satisfaction of BTC/USD increasing by an order of magnitude in line with stock-to-flow, the result would not be without its problems.

“I will go dark if the model is successful because if the model is successful, it will not be a pretty picture,” he said.  “It will be nasty, it will (be) maybe war — people have Bitcoins, some people don’t have Bitcoin, it’ll be some countries have Bitcoins, some won’t have Bitcoins, it will be the U.S. dollar losing its reserve status, it will be geopolitical, it will be military.”

In other trending Bitcoin News today:

Bitcoin Whales Have Been Buying En-Masse Since Early-2020: “Macro Bullish” Sign

Unlike traditional assets, where many transactions are hidden, Bitcoin is almost entirely transparent. 

One may not know who made a transaction or who owns an address, yet people can gain access to data of transactions.

It is a nearly inescapable fact that many have used to their advantage.

One can analyze the data in order to get an edge over their fellow investors and users. Noted on-chain analyst Willy Woo made this much clear, recently saying that Bitcoin data is printing a “macro bullish sign.”

Citing data from Glassnode, Willy Woo on May 5th noted that the population of large Bitcoin holders (1,000+ coins) has increased strongly since January’s lows.

This indicates these users have been in “solid accumulation mode,” which is a “macro bullish” trend:

“Whale population spotted increasing in the wild. They’ve been in solid accumulation mode since January unperturbed by the COVID crash.

This is macro bullish,” Woo said With just 5 more days to go until the infamous Bitcoin Halving, notably, retail investors have also been found to have recently been buying BTC.

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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:

Lol, this is not a tweet stating that it’s going to moon or what. Just in general doing pretty well.

Even a retrace to mid $6k is still ‘pretty well’ for $BTC.

— Crypto Michaël (@CryptoMichNL) May 5, 2020

I admit I like to rile you guys up. Once #Bitcoin collapse I won’t be able to do it as much. So I need to make hay while the sun shines, as it won’t shine for long.

— Peter Schiff (@PeterSchiff) May 5, 2020

https://cointelegraph.com/news/bitcoin-price-criss-crosses-9k-as-peter-schiff-warns-of-collapse

https://cointelegraph.com/news/bitcoin-stock-to-flow-creator-will-go-dark-if-btc-price-hits-6-figures