BITCOIN CAN SOAR 670% THIS BULL CYCLE SAYS TOP ANALYST!! XRP SURPASSES $1 FOR FIRST TIME SINCE 2018!

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

Blockfyre’s co-founder believes a bull market will return, seeing Bitcoin (BTC) price rise 1,400% to hit $150,000, and Ethereum (ETH) and other solid altcoins making even more impressive gains.

The co-founder of cryptocurrency analysis company Blockfyre believes that a bull run will return, propelling Bitcoin (BTC) to a price of $150,000.

In a tweet on June 4, Simon Dedic suggested that these gains will not be reflected across the entire cryptocurrency market, although the more solid altcoins should also see impressive price action.

Bitcoin’s dizzying ascent to its current all-time high of almost $20,000 in December 2017 came complete with a media frenzy around all things crypto.

Coupled with a boom in initial coin offerings, and fuelled by investor FOMO (fear of missing out), money was thrown at literally any project in the hope that it would mirror the gains of Bitcoin.

This became a self-fulfilling prophecy, and pretty much every altcoin posted a significant price increase during 2017. 

While Dedic warned that he believes this won’t happen again, he does envisage a Bitcoin bull run returning and “pumping the few solid alts out there.” He even went as far as to make a number of price predictions, such as Bitcoin gaining over 1,400% from its current price of around $9,750 to reach his target of $150,000.

Ether (ETH) is set to fare even better according to Dedic, increasing more than 3,570% from current levels around $245 to a price of $9,000.

And Binance Coin (BNB) is predicted to see a 2,750% rise to $500. Bigger increases still are forecast for Chainlink (LINK) and Tezos (XTZ), both with a target price of $200, representing 4,450% and 6,800% gains respectively.

But this all fades into insignificance compared to Dedic’s prediction for VeChain (VET), with a seemingly modest target price of $1.

However, this marks a massive 14,100% increase on its current price of $0.007.

In other trending Bitcoin News today:

Top Crypto Analyst Flips Bullish on Bitcoin, Says Miners No Longer Selling Their BTC

Top crypto influencer and Bitcoin maximalist Tuur Demeester, citing data from the crypto analytics firm Glassnode, says Bitcoin miners are almost done selling their BTC.

Glassnode’s Miner Outflow Multiple metric tracks the volume of Bitcoin flowing out of miner wallets.

This multiple is currently at a trough point at .47 after a peak of 2.62 in mid 2019 and a previous low in late 2018 at .307.

On May 11th, the day of the halving, the reward for completing a block was reduced by 50% to 6.25 BTC, with revenue earned by miners initially plunging 48%.

The increased pressure to maintain profitability forced miners comprising up to 30% of the entire Bitcoin network hash rate to exit the market, according to data from the mining pool Poolin.

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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/analyst-predicts-next-bull-run-will-send-bitcoin-to-150k-and-ether-to-9k

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Bitcoin (BTC) has had the best start to a new year since 2012, rising some 20% since January 1st, while other major and minor Cryptocurrencies have performed still better.

The Bitcoin price, which has been on a steep downward trend since the middle of last year, last night climbed to almost $9,000 per BTC on the Luxembourg-based Bitstamp exchange.

Elsewhere, Bitcoin offshoots Bitcoin SV and Bitcoin Cash have soared, though some are worried their gains won’t hold.

Now, with the Bitcoin and Cryptocurrency market eyeing the looming BTC halving event, Crypto investors Cameron and Tyler Winklevoss, of Facebook founding fame, have warned the traditional financial industry it needs to start “building up bitcoin reserves.”

“If you have gold, start building up Bitcoin reserves,” Tyler Winklevoss, who cofounded Bitcoin and Crypto exchange Gemini with his brother in 2014, told attendees at the Crypto Finance Conference today in Switzerland. “We think Bitcoin will disrupt gold.”

“Once the likes of Tesla’s Elon Musk or Amazon’s Jeff Bezos start mining gold on asteroids, which will happen within 25 years, gold’s value will change,” Tyler said, to laughter from the audience, adding that gold investors need to “buy Bitcoin.”

The Winklevoss twins also indicated they remain bullish on the Bitcoin (BTC) price despite its recent rally, pointing to the upcoming bitcoin halving event that will see the number of new bitcoin rewarded to miners cut by half.

“The halvening in May will be big for Bitcoin,” Cameron Winklevoss said.

“It’s rarely priced in,” referencing the Bitcoin price eventually rallying in the aftermath of the two previous halvings. Meanwhile, the Winklevoss twins warned the U.S. is at risk of falling behind China when its comes to Bitcoin and Cryptocurrency development.

“The U.S. has been slow,” Tyler Winklevoss said. “China will likely issue a stablecoin first.

This could be the first in modern times that the U.S. hasn’t been first on something like this,” adding that regulation is “fit for purpose” in certain areas but not in others, “hurting innovation.”

In other Crypto news today:

Fundstrat’s Tom Lee sees a bright future for Crypto in 2020.

The Cryptocurrency market will rise on new healthy dynamics in 2020, commented Thomas Lee, The January price rally shows a return to more active trading with new possibilities for digital assets.

Lee believes Bitcoin may be in for a bigger rally, as the halving of the block reward is not yet priced in. This new narrative goes counter to the idea that 2019 trading already discounted the halving news.

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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:

Bitcoin Just Plunged 3% In Minutes: Does This Mean Rally is Done?

Fundstrat’s Tom Lee Sees Bright Future for Crypto in 2020

https://cointelegraph.com/news/no-it-wasnt-craig-wright-bitfinex-moves-1b-in-bitcoin-for-48-cents

https://www.forbes.com/sites/billybambrough/2020/01/15/as-bitcoin-roars-into-2020-the-winklevoss-twins-make-wall-street-warning/#3fe86d6f7373

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

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. 

This virtually means he expects the Bitcoin price to grow 250% in the next 5 months. 

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. 

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 that’s only going to continue in the long run as more institutional investors take a position in cryptocurrencies, according to the bank’s quantitative strategists including Nikolaos Panigirtzoglou.

JPMorgan is one of the few Wall Street banks that’s 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.

“The adoption of bitcoin by institutional investors has only begun, while for gold its adoption by institutional investors is very advanced,” 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.

JPMorgan’s 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.

“If this medium to longer term thesis proves right, the price of gold would suffer from a structural flow headwind over the coming years,” wrote JPMorgan’s strategists.

In other tending Bitcoin news:

MicroStrategy CEO Increases Convertible Senior Notes Offering to $635M to Buy More Bitcoin

Michael Saylor just doesn’t give a f—. As we reported, the company’s share dived 17% after Citi released its bearish report on MicroStrategy, where the analyst questions Saylor’s focus on Bitcoin.

While Citi analysts called Bitcoins’ rally “overextended,” 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 2019’s 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 Monday’s announcement. The official announcement reads,

“MicroStrategy 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).”

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,

“Michael_saylor⁩ /⁦MicroStrategy⁩ is making a speculative attack on the Fed/USD like Soros/Druckenmiller did against the BoE/GBP in 1992, ejecting it from the ERM.”

“Saylor has pulled the pin and tossed a grenade into the Fed’s boardroom.”

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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:

Citi: “You’re crazy with this Bitcoin thing. You’re downgraded!” 👉🏻😵

MicroStrategy: “We have *so* much investor interest we’re upping our offering from $400M to $550M. Oh, and investors can buy another $100M on top of that if they want.”

— Ellie Frost (@BlockBytch_) December 9, 2020

https://bitcoinexchangeguide.com/microstrategy-ceo-increases-convertible-senior-notes-offering-to-635m-to-buy-more-bitcoin/

https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin

https://cointelegraph.com/news/bitcoin-undervalued-sub-20k-says-new-report-as-btc-mimics-2017-bull-run