Max Keiser is back, in his latest interview he maintained that the Bitcoin Price will surge to $100K plus but could go even higher if the dollar ultimately collapses.
Gold has also hit new highs recently against the Euro and will continue to grow.
Keiser continued noting that the signals from the US repo markets are indicating that a financial catastrophe is looming and China could well open a trap door on the dollar.
Max Keiser said that China is about to announce that it has amassed as much as 20,000 tons of gold and that a second bombshell will be that China is about to launch a gold-backed cryptocurrency with the intention of destroying the greenback.
Gold and bitcoin prices will continue to surge as the dollar collapses to zero like ‘every piece of garbage fiat before it’.
Peter Schiff and Max Keiser go at it back and forth.
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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:
China’s ‘DCEP’ Cryptocurrency Will be Gold-Backed: Max Keiser
According to @maxkeiser I’m an idiot because I think #gold is better money than #Bitcoin. He also claims China is about to launch a crypto currency backed by gold. This is bullish for gold and bearish for Bitcoin. A crypto backed by gold is much better than one backed by nothing!
— Peter Schiff (@PeterSchiff) November 1, 2019
Bitcoin is gold that weighs nothing, takes up no space, and can’t be counterfeited or seized. It teleports instantaneously anywhere in the world.
But I don’t blame you for being skeptical Peter, it does sound like science fiction at first.
— Rhythm (@Rhythmtrader) November 2, 2019
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Bitcoin Is Soon To “Take Off” Towards 0,000! | BTC Still On Track For Massive Gains After Halving
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Few have called the Bitcoin price action as well as Dave the Wave has over the past few months; in the middle of last year, the analyst predicted a retracement to $6,400 when the BTC price was rallying above $10,000, and more recently, he called for a retracement from $11,000 to $8,500.
Now, he’s starting to lean bullish once again.
In an analyst published Sunday, the trader suggested that Bitcoin (BTC) is in the midst of “turbulence before take-off,” pointing to a chart that shows the current price action in the crypto market is reminiscent to that of late-2016, just months before Bitcoin began its rally from $800 to $20,000 in a year’s time.
Where Will the Rally Take Bitcoin? Although Dave the Wave did not mention his long-term targets in that tweet, he has suggested previously that the cryptocurrency could be on the verge of a 1,000% rally.
The analyst suggested that the cryptocurrency is still on a clear trajectory to enter a six-digit price point in the coming two to three years.
Dave backed this prediction by pointing out that Bitcoin is on the verge of finishing a fractal correction and is about to break past of a long-term descending trendline, which marked the two swing tops over the past two years.
A move past the trendline, which will soon line up with the long-term buying zone for Bitcoin, is likely to kick off a rally to $100,000, the trader suggested.
This lofty prediction can be backed up by the famous stock-to-flow model from PlanB, a pseudonymous quantitative analyst working for a European institution.
The model equates Bitcoin’s scarcity (inflation rate) to its market capitalization, suggesting the after the May 2020 block reward halving, BTC will have a fair price of around $55,000 to $100,000.
BITCOIN STILL ON TRACK FOR MASSIVE GAINS AFTER HALVING
Bitcoin has spent the weekend consolidating in the mid-$8k zone following a week of sharp declines through several levels of support.
The stock to flow model is still holding course though which means big gains could be ahead after the halving. Bitcoin has corrected around 20% from its 2020 peak to yesterday’s low of just over $8,400.
It has held in the mid-$8k range for a couple of days low leading analysts to believe that the bottom could be in.
With just 70 days to go to the halving, analyst ‘PlanB’ has revisited his stock to flow model noting that things are right on track with it.
The stock to flow (S2F) model examines the relationship between the production of supply and the current stock available.
Using this model, the analyst has predicted a rise to around $80-$100k in the months following the halving.
Previous events in 2012 and 2016 saw huge rallies in the years that followed and many are expecting that 2021 could be even bigger for Bitcoin than this year.
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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:
Very long term i can see how fancy math can explain price. But fancy math can never explain short term price movement imo. So monthly predicitions really ?
— Liam Janssens (@LiamJanssens) March 1, 2020
$BTC Hash Ribbons ain’t looking so good as halving is approaching.Mining cost right now at~ $7700.Bitcoin should rally to over $15000 in the before Halving if Miners wants to feed their family.
Pump it for the Miners and their family. pic.twitter.com/3ohIlbqfmX
— Anondran (@AnondranCrypto) February 29, 2020
You don’t think Coronavirus will affect this?
— ₿rucewayne (@HouseSt12782619) March 1, 2020
For those getting stuck or confused on the shorter term call, here’s my view going forward. If you’re a holder/ investor, ignore the short term calls and focus on the medium/ long term.
Main point being, a consolidation to the buy zone would set BTC up nicely for its run. pic.twitter.com/AC2gv5VrGI
— dave the wave (@davthewave) February 16, 2020
https://cointelegraph.com/news/bitcoin-price-avoids-82k-to-mirror-stock-to-flow-creators-forecast
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MAX KEISER SAYS BITCOIN WILL SKYROCKET 40-80X WHILE WARREN BUFFETS WEALTH HYPERINFLATES TO NOTHING!!
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People with zero Bitcoin exposure like Warren Buffett will see their wealth hyperinflate to nothing while the BTC price skyrockets 40-80x, says Max Keiser.
Popular TV host and long-time Bitcoin proponent Max Keiser believes that futures traders suppress the Bitcoin price at current levels.
However, once the asset explodes to Keiser’s intermediate target at $28,000, the BTC amount for sale will evaporate as governments and institutions will purchase directly from miners.
Keiser recently tweeted that “the (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000.”
CryptoPotato reached out to the popular TV host to elaborate on his views regarding the price suppression and potential surge in value.
Keiser asserted that “for the world’s poor, the current price and availability of BTC are a once in a species-existent opportunity to acquire unconfiscatable Hard Money before a 40-80x move on the upside.”
He commented that his “forensic analysis of the BTC market, corroborated by insiders, is indicating futures traders are suppressing the price of BTC to give institutional players a chance to load the boat.”
He also gave his intermediate price target of $28,000 per coin. Once the cryptocurrency reaches that level, it would be a significant game-changer for people’s perception of the asset.
“When this happens, we’ll see something quite unexpected. The retail market for BTC will dry up. The amount of BTC for sale AT ANY PRICE will be increasingly tiny. Institutions, corporations, and governments will be buying BTC directly from miners, presumably at a huge premium.”
Keiser, who previously said that Warren Buffet will start panic buying Bitcoin when the asset price jumps to $50,000, said that people like the prominent investor, who have no Bitcoin exposure, will see “their wealth hyperinflate to nothing.”
It’s no secret for the community that Buffett isn’t a fan of the primary cryptocurrency..
He once called Bitcoin “rat poison,” and even a charity launch with TRON’s Justin Sun couldn’t change his mind.
Shortly after the event, Buffett insisted that BTC has no value “and never will.”
However, Buffett recently purchased a massive share in a mining company producing gold while reducing his exposure in significant banks such as JPMorgan Chase and Wells Fargo.
Keiser believes that those who had taken a similar path and purchased gold and silver will be less impacted.
Nevertheless, even gold holders “will see their wealth take a relative nosedive against investors that are 100% BTC.”
In other trending Bitcoin News today:
Even The Rothschild’s Are Buying Bitcoin; Grayscale’s Holdings Surpass 450k BTC
The Rothschild Investment Corporation has bought 27 bitcoins in share form through Grayscale Bitcoin Trust (GBTC).
GBTC itself added another 6,937 BTC (worth $72 million) in the past few days after reporting the third straight record quarter with inflows reaching $1 billion.
As of Sept. 2020, Grayscale’s bitcoin holdings reached 450k BTC, representing nearly 2.5% of all Bitcoin supply, as per YCharts.
Rothschild reportedly has $1.4 billion in assets under management, with $235,000 of it held in Bitcoin.
This makes them one of the most prominent investment banks to get into bitcoin, which is most likely for their clients.
Other big names like Rockefellers began investing in blockchain and crypto startups back in 2018.
Blackrock, with $6.3 trillion assets under management, also started considering diversifying into crypto the year following the bitcoin price top.
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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:
There is strong evidence to suggest #Bitcoin futures traders are manipulating BTC down to give institutions a chance to load up on physical BTC cheap before the break to $28,000
— Max Keiser (@maxkeiser) October 16, 2020
The (temporary) #Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000
— Max Keiser (@maxkeiser) October 16, 2020
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Kraken CEO: Bitcoin Is On The Cusp of a New 0K Long-Term Rally | Wall Street Buying Massive BTC
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BITCOIN NEWS: The CEO of the US-based crypto exchange Kraken says he believes Bitcoin (BTC) is on the cusp of a new long-term rally to $100,000.
In new a conference call hosted by Pantera, Jesse Powell says the masses don’t yet understand the importance of Bitcoin’s scarcity and independence from banks and middlemen.
He expects that to change in the decade ahead, if and when the value of the dollar dwindles.
“I don’t think Bitcoin is even priced into Bitcoin. Most people have heard about Bitcoin but they don’t own any Bitcoin. They don’t know what the future of Bitcoin is. I think if everyone knew about Bitcoin and the potential of Bitcoin and how great it was, the price would be a trillion dollars a Bitcoin. We would all just be switched over to Bitcoin and not be using anything else…
I think that there’s a lot that’s not priced in, even though it’s predictable, like what the future is. Ten years down the road, the US dollar is going to continue to be printed like crazy. It’s going to be totally worthless. No one is going to want it. Everyone is going to want Bitcoin. But that’s not priced in because of perceived risks or perceived uncertainty about the future, about regulation, about how does the government respond in different situations as Bitcoin continues to develop, or how useful does it actually become?”
Kraken is already witnessing an explosion of institutional trading.
According to Powell, BTC will likely hit $100,000 in about two years.
“I believe that we’re in a completely unprecedented time in terms of the global political and economic systems. I believe that this is going to continue to drive a pretty massive shift into digital currency. I think the next couple of years we’ll likely see 1 BTC exceed $100,000…
Just anecdotally, in the last two months, we’ve seen a huge surge in new accounts, from institutions. I think, again, I mentioned it earlier, something that’s preventing more institutions from getting in is just the uncertainty around the regulatory situation.
I think many are in a wait and see mode, many maybe trying to have their mandates changed to allow them to invest in these asset classes. But I do think it’s coming. I think that more LPs are going to demand that their GPs invest in crypto. I think it’s going to come from the bottom up. The returns are just so hard to ignore. It seems irresponsible not to have crypto be a piece of your portfolio.”
In other trending Bitcoin News today:
Wall Street Buying Bitcoin (BTC) at Blistering Pace Despite Warning From Goldman Sachs
New data shows institutional investors are buying Bitcoin at a remarkable rate.
Market researcher Kevin Rooke is tracking the Grayscale Bitcoin Trust (GBTC), which gives institutional investors a secure way to gain exposure to BTC without having to buy the underlying asset itself.
GBTC is fully backed by real Bitcoin, and according to Rooke, the pace at which Grayscale is buying BTC now outstrips the new supply of the leading cryptocurrency.
“Grayscale’s Bitcoin Trust bought 18,910 Bitcoins since the halving. Only 12,337 Bitcoins have been mined since the halving.” Referencing a new report from Goldman Sachs that concludes Bitcoin is not an asset class nor a viable investment, Rooke comments, “Wall Street wants Bitcoin, and they don’t care what Goldman Sachs has to say.”
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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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