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Popular crypto trader and YouTuber Ben Armstrong aka âBitboy Cryptoâ says that he can see Ethereum flipping Bitcoin this cycle and soaring to the tens of thousands of dollars as its ecosystem grows at an exponential rate.Â
âBecause of this total takeover, I can see itâs very likely that by 2025, Ethereum will hit $85,000 per ETH. The first step to that will be, of course, $25,000 ETH this year. Donât give up on that. Ethereum wonât just be digital oil in 2025, it will be the blockchain fuel of the future.â
In other trending Bitcoin News today: On-Chain Analyst Willy Woo Lowering 2021 Bitcoin Price Prediction After Crypto Market Reversal!Â
â[Bitcoin] was starting to look like it was winding up to $300K, $400K even $500,000 near the end of this year. Now itâs starting to reduce its trajectory. It looks like itâll comfortably reach $200,000. It might reach $300,000, but we have to see how that develops.â
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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.
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JPMORGAN SAYS GOLD WILL SUFFER FOR YEARS BECAUSE OF BITCOIN! BTC TO K BY MAY 2021, SAYS THE MOON!
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Bitcoin advocate, The Moon Carl who has 146,000+ YouTube subscribers, told his 70,000+ Twitter followers that he predicts the BTC price to hit $50,000 by May, 2021.Â
This virtually means he expects the Bitcoin price to grow 250% in the next 5 months.Â
Stock-to-flow model predicts a $100,000 BTC by December of 2021 so The Moon Carls bullish Bitcoin prediction is right in alignment with this popular model.Â
In other breaking Bitcoin News today:
JPMorgan Says Gold Will Suffer for Years Because of Bitcoin
The rise of cryptocurrencies in mainstream finance is coming at the expense of gold, says JPMorgan Chase & Co.
Money has poured into Bitcoin funds and out of gold since October, a trend thatâs only going to continue in the long run as more institutional investors take a position in cryptocurrencies, according to the bankâs quantitative strategists including Nikolaos Panigirtzoglou.
JPMorgan is one of the few Wall Street banks thatâs predicting a major shift in gold and crypto markets as digital currencies become increasingly popular as an asset class. The trend poses a problem for bulls in precious metals markets over the coming years if investors move, even a small slice, of their allocations away from gold and into crypto.
âThe adoption of bitcoin by institutional investors has only begun, while for gold its adoption by institutional investors is very advanced,â wrote the JPMorgan strategists.
The Grayscale Bitcoin Trust, a listed security popular with institutions, has seen inflows of almost $2 billion since October, compared with outflows of $7 billion for exchange-traded funds backed by gold, according to JPMorgan.
JPMorganâs calculations suggest Bitcoin only accounts for 0.18% of family office assets, compared with 3.3% for gold ETFs. Tilting the needle from gold to bitcoin would represent the transfer of billions in cash.
One way to play the theme is buying one unit of Grayscale and selling three units of the SPDR Gold Trust, the bank said.
âIf this medium to longer term thesis proves right, the price of gold would suffer from a structural flow headwind over the coming years,â wrote JPMorganâs strategists.
In other tending Bitcoin news:
MicroStrategy CEO Increases Convertible Senior Notes Offering to $635M to Buy More Bitcoin
Michael Saylor just doesnât give a fâ. As we reported, the companyâs share dived 17% after Citi released its bearish report on MicroStrategy, where the analyst questions Saylorâs focus on Bitcoin.
While Citi analysts called Bitcoinsâ rally âoverextended,â it has been the Bitcoin investment that helped the company shares rise to a level not seen since 2000. In 2020, BTC has rallied more than 150% on top of 2019âs 90% gains.
MicroStrategy CEO announced today the pricing of the offerings of the convertible senior notes.
As per the official announcement, the offering amount has been bumped up to $550 million from the previous $400 million as shared in Mondayâs announcement. The official announcement reads,
âMicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $537.2 million (or approximately $634.9 million if the initial purchasers exercise in full their option to purchase additional notes).â
But of course, the most interesting part of it all is that the company intends to invest the net proceeds from the sale of notes in Bitcoin per its Treasury Reserve Policy. Bitcoin advocate Max Keiser said,
âMichael_saylorâ© /âŠMicroStrategyâ© is making a speculative attack on the Fed/USD like Soros/Druckenmiller did against the BoE/GBP in 1992, ejecting it from the ERM.â
âSaylor has pulled the pin and tossed a grenade into the Fedâs boardroom.â
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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:
Citi: âYouâre crazy with this Bitcoin thing. Youâre downgraded!â đđ»đ”
MicroStrategy: âWe have *so* much investor interest weâre upping our offering from $400M to $550M. Oh, and investors can buy another $100M on top of that if they want.â
â Ellie Frost (@BlockBytch_) December 9, 2020
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Bitcoin Price âLikelyâ Bottomed in .7K BitMEX Crash Says Tone Vays | BTC Reclaims .3K
âĄïžÂ REPLAY: 5 *MORE* COINS TO $5 MILLION: http://5coins.cryptonewsalerts.net
The Bitcoin price likely reached its low when it hit $3,700 earlier this month, veteran trader Tone Vays has forecast as markets remain up 70%.
In the latest episode of his Trading Bitcoin YouTube series on March 29, Vays repeated his previous claim that, logically, the BTC price should bottom at 20% of its 2019 highs â $2,800.
Vays on $2.8K: âI donât think itâs likely anymoreâ
This could occur before Mayâs block reward halving and not endanger Bitcoinâs long-term perspective, he said, but a dive after that event could have grave consequences.
After March 12, when Bitcoin (BTC) bounced off 15-month lows of around $3,700, Vays now thinks that Bitcoin will not return to put in lower levels.
âI donât think itâs likely anymore,â he summarized.
âBecause I think this incident, this event earlier this month was close enough $2,800 that Iâm no longer expecting $2,800.â
Since the bounce, Bitcoin has broadly maintained higher support, with the recovery reaching almost 90% in the subsequent two weeks.
Continuing, Vays suggested that in fact, $2,800 would have appeared during the dive and that it was only the crashing of derivatives giant BitMEX which prevented it.
âIf BitMEX did not go down, we probably would have $2,800 and maybe even lower,â he said.Â
âItâs very possible that if BitMEX didnât crash, the selling would have just accelerated, but right now, Iâm under the assumption that the low is in.â
Bitcoin Price Reclaims $6K as Traders Eye New BTC Futures Gap Above
The past 24 hours had seen the pair dip to lows of $5,870 after signaling weakness throughout the weekend.
Those were short-lived, however, with Bitcoin regaining lost ground within hours.Â
Now, hopes were high that price action would remain more bullish, allowing Bitcoin to close a new futures gap left at the end of trading on Friday.Â
The gap lies between around $6,300 and the closing price of Fridayâs CME futures session at $6,680.Â
As Cointelegraph reported, Bitcoin has very often returned to trade at levels left behind by futures markets â before its price volatility surged in mid-March, just one gap remained, much higher at $11,800.
For Cointelegraph Markets analyst Michaël van de Poppe, however, there was overall still a bearish trend in Bitcoin, despite the upside potential posed by the gap.
âThe first level for support held and weâve pushed upwards. Thereâs also the CME Gap, probably the reason why weâre moving, so that could be closed first,â he tweeted on Monday.Â
âThis means that a $6,050 flip could trigger another push to $6,400-$6,500, before further down.â
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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:
$BTC #BITCOINThe first level for support held and we’ve pushed upwards. There’s also the CME Gap, probably the reason why we’re moving, so that could be closed first.This means that a $6,050 flip could trigger another push to $6,400-$6,500, before further down.
Still bear pic.twitter.com/bn0BHHRDHd
â Crypto MichaĂ«l (@CryptoMichNL) March 30, 2020
https://cointelegraph.com/news/bitcoin-price-reclaims-6k-as-traders-eye-new-btc-futures-gap-above
https://cointelegraph.com/news/bitcoin-price-likely-bottomed-in-37k-bitmex-crash-says-tone-vays
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BITCOIN WILL ROCKET TO $1 MILLION PER BTC, SAYS BLOCKSTREAM CSO SAMSON MOW â HEREâS WHEN!
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After hitting a new all-time high of nearly $70,000 on Nov. 9, Bitcoin and the entire Crypto market has steadily drifted into the red as BTC bulls await the next piece of major news to drive the Bitcoin price back up.Â
Major Bitcoin innovator and blockchain miner, Blockstream, says itâs only a matter of time before the BTC price hits $1 million, according to their Chief Strategy Officer Samson Mow:
âIf Bitcoin at the 5-year mark reaches $1 million, which I think it will, they will sell Bitcoin in 2 quarters and recoup that $500 million dollars. In three and a half quarters, they will have enough to pay back the entire bond. I think thatâs pretty good.â
In other trending Bitcoin News today: Rams player Odell Beckham Jr. will accept NFL salary in Bitcoin!
Odell Beckham Jr., wide receiver for the Los Angeles Rams football team, has said he will be taking all of his $4.25 million National Football League salary in Bitcoin.
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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://cointelegraph.com/news/rams-player-odell-beckham-jr-will-accept-nfl-salary-in-bitcoin
Post Views: 315