MAX KEISER DOUBLES DOWN ON $220K BITCOIN PRICE PREDICTION BY YEAR-END!! BTC STILL ON TRACK TO 6X!!

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There is nothing stopping Bitcoin from attempting to become a six-figure asset, the Magnetic managing director William E. Quigley professed in an interview with CNN Business.

The New York-based senior executive listed a string of reasons behind his bullishness on Bitcoin, the world’s leading decentralized cryptocurrency whose rates surged from as low as $3,858 just shy of $58,500 in the previous 12 months. 

They included Bitcoin’s scarcity and growing demand among mainstream corporate houses that look for alternative store-of-value assets for their balance sheets.

A pre-embedded algorithm within the Bitcoin blockchain’s source code reduces its supply rate by half every four years or after every 210,000 block—an event known as “halving.” Meanwhile, there can only be 21 million BTC tokens in existence, making the cryptocurrency scarce, making it more valuable in the long-term if the demand for it rises.

Bitcoin has had three halvings in the past. The November 2012 and June 2016 supply cuts saw the BTC/USD rates jumping from about $12 to nearly $1,150 and $650 to almost $20,000.

Meanwhile, the third halving—that took place in May 2020—has followed up with up to 558 percent rise so far. It prompted Mr. Quigley to see a bullish fractal.

“We are about halfway through the post-halving bull run,” the executive noted. “So, by my judgment, we have a lot more to go with Bitcoin. Certainly a hundred thousand and quite possible a $150,000 by the end of this year to maybe Q1 next year.”

BITCOIN DEMAND GROWS

That explains why even corporates have started embracing the flagship cryptocurrency as an alternative to cash. Tesla, the world’s leading electric carmaker, revealed in February that it added $1.5 billion worth of bitcoin in its balance sheet, noting that it would also start accepting the cryptocurrency for its services and products.

MasterCard, a credit card giant, announced that it would integrate crypto tools into its services in the same month. Bank of New York Mellon, the US’s first banking firm, joined the ranks by announcing that it would offer bitcoin custodianship via the same platform that its clients use for traditional securities and cash.

“The latest survey I saw showed that 5 percent of the public-traded companies in the US would consider adding Bitcoin to their balance sheets,” said Mr. Quigley. “And the reason they are thinking that is that corporates have trillions of dollars in cash—and where do they put it? There are government bonds but $17 trillion of them yield negative returns.”

In other trending Bitcoin News today:

Experts Divided on BTC Predictions: Bullish or Super Bullish?

Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices.

On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that Bitcoin is on the way to $100,000.

“Grayscale Bitcoin Trust Discount May Signal March to $100,000 – Bitcoin’s end of February price disparities on U.S. regulated exchanges portend a firming price foundation, if history is a guide, and are evidence of just how nascent the crypto is.”

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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:

Today is the two year anniversary of my #Bitcoin Halving Reward Era Price analysis chart.It is by far the most accurate, long-term chart prediction I’ve ever seen for Bitcoin.

I still trust it.$BTC will hit $200K+ this cycle. pic.twitter.com/jwUcOpHeXC

— K A L E O (@CryptoKaleo) February 13, 2021

Bitcoin is more likely to hit $1,000,000 than $0.

— Dan Held (@danheld) March 4, 2021

https://bitcoinist.com/top-new-york-executive-sees-bitcoin-price-at-150000-by-q1-2022/

https://cointelegraph.com/news/experts-divided-on-btc-predictions-bullish-or-super-bullish

➡️ Leverage OPM (Other People’s Money): http://100.cryptonewsalerts.net

An increasing amount of Bitcoin is being accumulated by institutions.

This much was made clear on Tuesday, when Stone Ridge Asset Management revealed to Forbes that it had picked up 10,000 BTC, representing one percent of its assets under management.

Investors think that further institutional adoption of the cryptocurrency could result in the Bitcoin price going parabolic.

Bill Barhydt, CEO of Abra and a former employee of the CIA and Goldman Sachs, recently said that if only 5% of the liquid assets that the top nine firms in the S&P 500 own were to enter Bitcoin, it would surge:

“9 companies alone in the S&P 500 are sitting on close to $600 billion in cash and short term investments. 5% of that moving into Bitcoin (or $30 billion) would likely 5x the price of Bitcoin given the lack of sellers. (3/6).”

While this math may not add up in your mind, take fiat amplifiers into account.

The amplifier is a concept that for every fiat dollar that is invested in Bitcoin or cryptocurrencies in general, the market capitalization of the space will grow than more than $1.

Estimates suggest that the fiat amplifier is anywhere from two to 25 times, depending on what phase of the market cycle cryptocurrencies are in.

In periods where investors are expecting upside, the fiat amplifier grows as investors don’t want to sell their coins too early.

Barhydt’s analysis of the institutional adoption situation comes as he is seeking to increase his personal exposure to Bitcoin.

He said that he is “considering doubling the allocation of Bitcoin in my personal portfolio to 25%.”

Explaining why he thinks this is a good idea, he pointed towards inflationary trends:

“Given the acceleration of currency inflation and the likely price inflation to follow this seems like a better weighting than my current 12%.”

He added that the contacts he has spoken with say that returns in legacy markets such as equities are likely to be “muted in the next five years.”

This trend may have the effect of driving capital into alternative assets that may be able to generate healthy returns such as gold and Bitcoin.

The comments he made are reminiscent of those made by a number of other investors in the space, who have dramatically increased their exposure to Bitcoin amid the ongoing macro backdrop.

Raoul Pal, CEO of Real Vision, for instance, has over 50% of his liquid net worth in Bitcoin.

In other trending Bitcoin News today:

Max Keiser Predicted Hash Wars: A New Front for Countries

The concept of fiat money can be said to be one of the best inventions of mankind.

However, that resulted in a huge wealth gap among the nations and people around the world.

It is no secret that the world’s top 10% richest hold 85% of the total wealth whereas the remaining 90% of people own only 15% of the total wealth.

Then came the year 2009 and we saw a rise of a new concept of money – a cryptocurrency called Bitcoin.

With the invention of cryptocurrency, we’ve stepped in a brand new world.

The first cryptocurrency Bitcoin revolutionized the whole concept of money, the way to transact it without the need of a third-party and a trustless system. 

With the unprecedented rise of Bitcoin’s value in the past decade, the countries around the world started noticing the remarkable effect of cryptocurrencies on the global economy.

That opened a new gate – the fight for Bitcoin dominance. Hence the hash wars. To understand what hash rate is, basically it’s a measure of the processing power of the Bitcoin network.

So, whoever has more processing power on the Bitcoin blockchain network has more dominance over Bitcoin and its future.

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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:

How Bitcoin Could Surge 500% Amid Rising Institutional Adoption

https://cryptotop10.org/top-10/hash-wars-a-new-front-for-countries/

https://www.fidelitydigitalassets.com/articles/bitcoin-as-alternative-investment?ccmedia=owned&ccchannel=social&cccampaign=BIT_ALT&cctactics=twitter

https://decrypt.co/44880/bitcoin-should-be-5-percent-your-investment-portfolio-fidelity

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

Macroeconomics guru and Real Vision co-founder Raoul Pal believes that the market cap of Bitcoin and crypto can soar at least 100x from its current valuation of about $1.7 trillion.

In a new tweetstorm, the former Goldman Sachs manager tells his 419,800 followers that many traditional investors fail to see the potential of the crypto markets as they believe assets often revert back to their mean or their average price over time.

“I’m finding it fascinating to see traditional finance and business people first trying to get their heads around BTC, then other crypto protocols, then DeFi (decentralized finance) and now NFTs (non-fungible tokens). At every single stage in the rapidly evolving ecosystem, they have used mean-revertionist thinking as opposed to exponential network effects analysis and therefore everything looks like a bubble or a misallocation of capital.”

Pal adds that while many projects in the crypto space will die, those that survive will attract more participants which will take the industry to greater heights.

“As thousands of projects, all pushing boundaries, go through the same survive-or-die and then network effects, the entire ecosystem rises.”

The Real Vision executive also says he believes the digital asset revolution will facilitate the transfer and creation of wealth to the tune of hundreds of trillions of dollars.

“As the internet of value and trust accelerates, it is going to destroy more large old business models than maybe the internet itself. I know this sounds grandiose and hyperbolic, but the TAM (total addressable market) of the transfer, storage, accretion of value is the largest and most valuable on Earth…

This space will not be a $1.7 trillion ecosystem as it is today but a multi-hundred trillion dollar ecosystem eventually. You can embrace change or fight it, but you owe it to yourself to understand it as the pace of innovation is going exponential too.”

In other trending Bitcoin News today:

Bitcoin Whales ‘Bought The Dip’ As Orders For $100K Or More Hit All-Time Highs

Bitcoin (BTC) whales and institutions alike have made the most of the recent BTC price “dip” by buying big, data suggests.

In an update on March 9, on-chain analytics service Material Indicators noted that buy orders of $100,000 and higher on Binance — the biggest cryptocurrency exchange by volume worldwide — are reaching all-time highs.

In stark contrast to orders worth less than $100,000, larger buys are more frequent than ever before in Bitcoin’s history. 

Smaller allocations have plummeted in 2021, matching an existing narrative that institutions are scooping up liquidity on exchanges which surfaced during the recent bull run.

“The $100k – $1M class is now also about to make a new ATH,” Material Indicators commented on Twitter alongside a chart.

“Meaning, they bought the dip.”

Material Indicators previously voiced concerns about this week’s price rise, arguing that whales could “sell into” the surge, producing a repeat of the run to $58,000 all-time highs and subsequent 25% correction.

While this has so far not come to pass, analysts also noted that macroeconomic factors were also having a different impact to that which was expected.

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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:

Gold is the poor man’s #Bitcoin

As availability for Bitcoin dries up, those hoping to escape inflation will be forced to buy Gold.

— Max Keiser (@maxkeiser) March 8, 2021

https://cointelegraph.com/news/coinbase-reportedly-hits-pre-ipo-valuation-of-100-billion-in-private-auction

https://cointelegraph.com/news/bitcoin-price-cracks-major-resistance-as-analyst-eyes-70k-destiny

https://cointelegraph.com/news/bitcoin-whales-bought-the-dip-as-orders-for-100k-or-more-hit-all-time-highs