BITCOIN PRICE: Which Countries Have the Biggest Premiums?

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Bill Miller, chairman and chief investment officer of Miller Value Partners, is sharing his crypto investment strategy and why he’s bullish on Bitcoin (BTC).

In a FutureProof interview, the head of the investment firm that manages $3 billion in assets describes the start of his journey as a BTC believer.

“I got involved in Bitcoin around 2013. It was trading at around $200 or so when I started buying it. Then it ran up to around $1,100 to $1,200 and then Mt. Gox collapsed. [Bitcoin] collapsed all the way back to $200 again in 2014. I began to buy it again… My average cost is about $300 [a coin].”

Miller says there are several fundamental reasons why he became an early adopter and long-term advocate of the world’s leading cryptocurrency.

“The nature of what it was trying to do, it had many different ways to win. My view was if any of those various things – it became a currency, it became a payment system, it became a non-correlated asset – any of those things, much less all of them, would lead to a very dramatic move in the underlying price.

That was also helped along by the fact that it is limited to 21 million Bitcoin and it is decentralized. It is not able to be tampered with or debased.”

From an investment standpoint, Miller says Bitcoin continues to offer a very favorable risk-reward ratio.

He’s an advocate for a small 1% to 2% portfolio allocation to BTC.

In the long run, he believes he could earn a 1000x or more return on his BTC investment, which would place Bitcoin at $300,000.

“I could make 100x of my money. I could make 1,000x, maybe more than that. I can only lose 100%… I still have it. I haven’t sold any Bitcoin… Back in the 70s and early 80s, people were talking about putting 5% of your assets in gold because it’s a hedge.

It’s an insurance policy in case inflation comes back again as it did in the 1970s. I would say that if that’s a sensible thing to do, then, certainly to have 1 to 2% of your assets in Bitcoin makes great sense here.”

The experienced investor also makes a unique case as to why Bitcoin is less risky now compared to when it was trading below $100.

“For most assets that you buy, the more they go up in price, the less value there is to be extracted out of it, and the riskier it becomes.

Bitcoin is in an unusual position of being the exact opposite of that. It was very risky when it was trading at a dollar, $5, or $10. It could have easily disappeared.”

In other trending Bitcoin News today:

Bitcoin Price Stalls at $9,300, Altcoins Rally to New Multi-Year Highs

Within the last few hours, the Bitcoin (BTC) price pushed above $9,300 after struggling to hold the $9,300–$9,400 level for the past three days. 

As Bitcoin price slowly worked its way through resistance to $9,300, a handful of the top-50 altcoins posted strong double-digit gains.

Cardano (ADA) reached a new two-year high by rallying 26% to $0.13. 

Chainlink (LINK) also rallied 6.11% to a new all-time high at $5.99.

VeChain (VET) was another top performer for the day with a 21.6% rally.

According to CoinMarketCap, the overall cryptocurrency market cap now stands at $271.3 billion and Bitcoin’s dominance rate is 63%.

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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-price-stalls-at-9-300-altcoins-rally-to-new-multi-year-highs

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Popular crypto trader and YouTuber Ben Armstrong aka ‘Bitboy Crypto’ 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. 

“Because of this total takeover, I can see it’s 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. Don’t give up on that. Ethereum won’t just be digital oil in 2025, it will be the blockchain fuel of the future.”

In other trending Bitcoin News today: On-Chain Analyst Willy Woo Lowering 2021 Bitcoin Price Prediction After Crypto Market Reversal! 

“[Bitcoin] was starting to look like it was winding up to $300K, $400K even $500,000 near the end of this year. Now it’s starting to reduce its trajectory. It looks like it’ll comfortably reach $200,000. It might reach $300,000, but we have to see how that develops.”

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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-traders-eye-crucial-38k-level-as-btc-price-action-consolidates-higher

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

The Bitcoin Price Could Hit $16,000 Before The 2020 BTC Halving…

Bitcoin’s price action at the end of 2019 was largely unexpected; the 40% surge towards $10,000 then the subsequent crash to the $6,000s caught many with their pants down, so to speak.

But, there was at least one trader who called this turn of events: Filb Filb, a pseudonymous cryptocurrency trader known for making some crazy accurate calls, including a forecast of a ~$3,000 BTC price bottom in the 2018 bear market.

In October 2019, he published a chart, which shows that his estimation was for Bitcoin (BTC) to surge vertically to the $9,000s, then plunge to the low- to mid-$6,000s by December, to only recover back to $9,000 by January or February of this year.

In the latest edition of his Decentrader newsletter, Filb Filb wrote that Bitcoin could be on track to move to the $15,800 price point just prior to the halving.

He backed this tentative forecast by noting that prior to the previous halving, Bitcoin found a temporary top at $800, the 78.6% Fibonacci Retracement of the bull market before the halving:

“We can see that the pre halving ultimate top was around $800, or the 78.6% fib retracement. While history never repeats but often rhymes, this would actually put a top in around $15.8k.”

While his $16,000 target was based on historical trends, there is a confluence of technical analysis from Filb Filb suggesting that more upside is imminent.

In a post to his Telegram channel, Filb Filb wrote that 8/8 of the time frames he actively tracks, which includes the four-hour, one-day, and one-month candles, are signaling a buy per his indicators – “the holy grail.”

This suggests that the price of Bitcoin will surge even higher in the coming weeks and months.

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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:

/4 If and when we break the $10,000, we teleport to probably $11,000 in an hour.

— light (@LightCrypto) February 7, 2020

No Asset Follows Trend Better than Bitcoin.The 2016/2017 Bull Market Mania:

On 10/13/2015, Bitcoin closed above its 200 dma & did not close under the 200 dma until 2/5/2018: 846 days of maintaining long-term trend. pic.twitter.com/pGuh7YA8nH

— Matt D’Souza (@mjdsouza2) January 18, 2020

Bitcoin vs. Altcoins: Which Will Make You More Money in 2020?

How Bitcoin Could Surge to $11,000 After Hitting Five Figures

Top 5 Crypto Trading Tips to Prepare You For the Upcoming Bull Market

Why This Top Analyst Says Bitcoin May Hit $15,800 Before 2020 Halving