BITCOIN COULD BE WORTH MILLIONS OF DOLLARS EACH SAYS NORWEGIAN OIL BILLIONAIRE!! $200M BTC FUND!!

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Real Vision CEO and Bitcoin bull Raoul Pal says that a massive wall of institutional money is inevitably going to push the BTC price to $300,000 in a year and a half.

In an interview on Kitco News, Pal says that institutional investors are waiting in the wings to get access to Bitcoin, which is now a “globally recognized brand,” and a “ridiculously well-performing asset.”

“Yesterday alone, I was speaking to the founder of one of the largest investment firms in America. Investment advisors alone have $5 trillion in assets, and he’s trying to get all of his advisors and advise all the others as soon as the ETF is launched to get up to 1% of assets. I mean, that’s $500 billion from the investment advisors alone.”

“We’ve all seen these phases. These things where ‘We’re not going to use this, this is rubbish, why do we need this? I’ve got a fax machine, why do I need email?’ Suddenly, ‘What’s a fax machine?’ Look at all these dot coms, at their mania. Next minute, it’s normal. It’s part of life and Amazon’s a trillion-dollar company.

The world goes through these phases and the more conservative people, the less risk-takers, tend to be later to the party. So I think the banks are late here because they’re going to get disrupted somewhat.”

According to Pal, every single indicator and metric he uses for forecasting Bitcoin points to a mega-bullish rally in the next year or so.

“I use a number of measures. I use technical analysis, logarithmic charts. I use the stock-to-flow ratio… I use a whole number of different yardsticks… They all basically come to the same thing. 

They basically come to: We’re going to be somewhere between $500,000 and a million dollars within five years, and we should be somewhere between $100,000 and $300,000 in the next 12 to 18 months.”

In other trending Bitcoin News today:

MicroStrategy Will Issue $400 Million In Securities To Buy More Bitcoin

The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin.

On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes — a debt security that can be converted into the issuing company’s shares. The announcement stated:

“Microstrategy intends to invest the net proceeds from the sale of the notes in Bitcoin.”

At current prices, the $400 million would increase the company’s holdings by 20,833, which would bring the firm’s total crypto stash to almost 62,000 BTC.

Microstrategy will pay semi-annual interest to the note-holders until December 2025. The firm also reserves the right to redeem the notes for cash from Dec. 20, 2023.

The announcement states that MicroStrategy may also offer up to an additional $60 million worth of notes to its initial purchasers within 13 days of commencing the offering.

The securities will be issued under Rule 144 of the Securities Act, and will be available to qualified institutional investors only.

MicroStrategy made waves in the crypto world during August, when the firm revealed it had adopted Bitcoin as its primary reserve asset after purchasing 21,454 BTC for $250 million. It then purchased a further 16,796 BTC for $175 million the following month. The purchases were made through Coinbase’s OTC and brokerage platform.

Just a few days ago on Dec. 5, MicroStrategy’s CEO, Michael Saylor, announced the firm had purchased a further 2,574 BTC priced at approximately $19,427 each for $50 million, bringing its total crypto holdings up to roughly 40,824 BTC.

At current market value, MicroStrategy’s BTC stash is worth nearly $784 million, meaning the firm is currently up 65% on its $475 million investment.

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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/bitcoin-s-market-cap-will-flip-gold-winklevoss-twins

https://cointelegraph.com/news/microstrategy-will-issue-400-million-in-securities-to-buy-more-bitcoin

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Bitcoin has been subject to troubling price action over the past week.

At the local lows, BTC traded as low as $8,600 on some exchanges — approximately 15% shy of the highs before bouncing back above to the $9,100 support this morning.

It should come as no surprise that some have taken the recent price action as a death knell for Bitcoin’s bull trend, which began in March when the asset rallied strongly off the $3,700 lows.

Yet the bearish trend may soon come to an end. Crucial fundamental and technical factors, in fact, have shown that BTC is primed to revert back into a rally after the recent correction.

Three of these factors are as follows.

#1: Bitcoin Prints Textbook Falling Wedge Pattern

According to a prominent crypto trader, Bitcoin is printing a textbook bullish sign: a falling wedge. Falling wedges, studies suggest, have a high likelihood of breaking higher. Such patterns have also preceded strong gains in the Bitcoin market over the past few months.

#2: Tensions Between the U.S. and China Grow; Yuan Crushed

Since our last report on the situation between the U.S. and China due to the Hong Kong democracy movement, things have become worse due to fears of sanctions.

The Chinese yuan, as Twitter account “Yuan Talks” noted, is at its weakest level since September 2019 — the peak of the 2019 trade war. Bitcoin stands to benefit as it can act as a safe-haven for Chinese investors trying to mitigate the risks of a falling domestic currency.

Chris Burniske, a partner at Placeholder Capital, explained: “If China’s CNY continues to weaken against USD, then we could have a 2015 and 2016 repeat, where BTC strength coincided with yuan weakness.”

#3: Central Banks and Governments Continue to Print Trillions, Boosting Bitcoin Bull Case

Due to the outbreak of an illness, the global economy has been thrown into a recession.

Dozens of millions have become under/unemployed, while consumer confidence, spending, and other key economic metrics have fallen off their respective cliffs.

It’s a trend that has forced governments to respond by printing money, boosting Bitcoin’s intrinsic value.

Japan made this much clear recently. According to global markets tracker FXHedge, which shares news headlines related to the global economy, a new document suggests that the Japanese government is looking to implement a stimulus package worth 117.1 trillion yen — $1.1 trillion.

Although this isn’t likely to cause instant inflation — Japan has been nearly deflationary for years upon years now — analysts say this stimulus and others like it are bullish for Bitcoin.

In other trending Bitcoin News today:

Bitcoin ‘Hodl Wave’ Data Has Now Been Calling a Bull Run for 5 Months

Hodl waves show that over 60% of the supply has not moved for a year or more, something which historically has signaled price upside.

“60% of all bitcoin has not moved on the blockchain for at least 1 year. This is an indication of significant hodl’ing. The last time this happened was in early 2016, at the start of the bull run.”

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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:

60% of all bitcoin has not moved on the blockchain for at least 1 year. This is an indication of significant hodl’ing.

The last time this happened was in early 2016, at the start of the bull run.#bitcoin pic.twitter.com/Rh5efLHOD0

— Philip Swift (@PositiveCrypto) May 26, 2020

Goldman Sachs is hosting a client call today at 10:30 AM EST discussing inflation, gold and bitcoin. There’s a lot of conjecture floating around as to the content.
I will be on the call and will let you know what they actually say. pic.twitter.com/VJkxaPpUzB

— The Wolf Of All Streets (@scottmelker) May 27, 2020

https://cointelegraph.com/news/bitcoin-hodl-wave-data-has-now-been-calling-a-bull-run-for-5-months

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

Weiss Ratings, a US-based investment data firm, is laying out what it will take for the Bitcoin price to hit $180,000.

In a new BTC review, the firm says the financial world is beginning to wake up to the true potential of Bitcoin as a safe-haven asset.

The firm points to growing demand for shares of the Grayscale Bitcoin Trust as a sign of rising institutional interest.

“Between the third quarter of 2019 and the first quarter of 2020, the amount invested in [GBTC has] more than doubled — from $388.9 million to $818.5 million.”

Weiss believes the entry of billionaire hedge fund manager Paul Tudor Jones into the Bitcoin futures market shows institutions are paying increasing levels of attention to the crypto markets.

Weiss calls BTC the “one safe-haven asset with the most profit potential” in an environment where central banks print money at will.

But the arrival of big-money players is just the tip of the iceberg. The firm says Bitcoin is far better than gold in terms of security, portability, and utility – and the floodgates will open once investors grasp the fact that Bitcoin is superior to gold as a safe-haven asset.

“If Bitcoin captures only a third of gold’s safe-haven business, it’s going be trading near $180,000 — roughly a 20-fold increase from present levels.”

The firm has provided financial market research and analysis for consumers and businesses for more than three decades, and released its first crypto rankings in January of 2018.

In other trending Bitcoin News today:

This Analyst Called Bitcoin’s Last Epic Crash – And Just Unveiled His BTC, XRP and Stock Market Outlook

A veteran commodity trader with more than 30 years of experience in the markets is revealing his take on Bitcoin and XRP, as well as his recommended investment strategy for the next generation.

Peter Brandt is well-known in the world of crypto for correctly calling the start of Bitcoin’s seismic reversal in early 2018, right after the coin touched its all-time high of just over $20,000.

Now, after Bitcoin’s precipitous fall to a low of $3,150 and its subsequent rise to its current price of about $9,300, Brandt says he believes Bitcoin is a buy.

Brandt is revealing the long-term strategy for building wealth that he recommends to family members. He places BTC on his list of top investments and says he’s bullish on tech stocks in the long run.

“I will give you the same advice I give my X Gen children and M Gen nephews and nieces. Buy a home – any home, but get into the housing market. Work two jobs if you need to. Invest 10% of what you can afford in BTC. Invest monthly in quality tech and value stock ETFs.”

Brandt has previously stated that he believes Bitcoin is gearing up for a new parabolic rally that will target $100,000.

However, despite the fact that large BTC bull runs have historically lifted the value of all cryptocurrencies, Brandt says he’s wary of XRP, giving traders a simple statement on where he thinks the fourth-largest cryptocurrency by market cap is heading.

“Don’t place your faith in XRP.”

Brand believes Ripple’s ownership of more than half of the total supply of XRP is a potential liability and says the coin has more room to fall after remaining flat in 2020.

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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:

General TA rule — violation of parabolic advance leads to 80%+ decline in value. If general rule is followed, BTC should retrace to