BITCOIN PRICE: Which Countries Have the Biggest Premiums?

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Closely followed on-chain analyst Willy Woo is laying out a price path for Bitcoin this cycle. In a new episode of What Bitcoin Did Pod with Peter McCormack, Woo names a few key levels that can trigger a continuation of the BTC bull market.

According to the analyst, Bitcoin’s on-chain fundamentals currently give BTC a fair value somewhere between $50,000 and $60,000. Woo also highlights a key price level that he thinks Bitcoin must reclaim to ignite bullish momentum.

Woo’s price prediction for BTC placed it at $162K. Going as far as saying that a $200,000 price mark is still possible for the digital asset this year. This puts Bitcoin on a tremendous run path to get to such a high prediction.

In other trending Bitcoin News today: Unchanged crypto tax bill will be put to a vote on Tuesday! The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation and will impose broad third-party reporting requirements on any crypto firm deemed to be a “broker.”

“If I had any confidence in politicians I wouldn’t be buying Bitcoin for 10 years. Bitcoin came about in part because our financial/political institutions are collapsing from hyper money printing. Why would I call DC senators/arsonists to put out the fire they started?” – Max Keiser

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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/unchanged-crypto-tax-bill-will-be-put-to-a-vote-on-tuesday

https://cointelegraph.com/news/no-bitcoin-isn-t-entering-a-2018-like-bear-cycle-new-data-suggests-as-btc-targets-45k

The Bitcoin price is back on track to hit $100,000, says popular crypto analyst PlanB.

PlanB’s Bitcoin predictions have made it all the way to CNBC.

The stock-to-flow ratio shows the BTC price right on target after nearly running into a ditch.

Stock-to-flow measures the amount of new supply that’s entering the market for a given asset against its current available supply.

It’s often used to gauge the future price of precious metals like gold.

In other Crypto news today:

We bring you the latest Ripple (XRP), Litecoin, and Ethereum Updates.

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Trezor: ► http://trezor.cryptonewsalerts.net

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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.

News Resources From Today’s Show:

Chinese Crypto FOMO is Bigger than Bakkt, Libra, ETFs Combined

Suppose a popular smart contract wallet that a large portion of the ETH community uses gets hacked. This could be reverted by reverting all chain activity since the hack and doing a DAO-style HF to recover the funds. How much ETH must be at stake for you to support this?

— Vitalik Non-giver of Ether (@VitalikButerin) October 25, 2019

Ahahahahahhaha, now on Chinese CT ” Fuck ETF, fuck Bakkt, fuck Libra, none of these BS will pump, only we Chinese pump with real money, the only way to pump”

(excuse me for the F word… try my best to translate from very Chinese slang)

— Dovey 以德服人 Wan 🗝 🦖 (@DoveyWan) October 28, 2019

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El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt Bitcoin as legal tender, alongside the U.S. dollar. 

In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest BTC event in history, President Nayib Bukele announced El Salvador’s partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology.

“Next week I will send to congress a bill that will make bitcoin a legal tender,” said Bukele.

In other trending Bitcoin News today: Bitcoin Sell-Offs Are Deliberate, Hallmarks of Institutional Buying, Says PlanB! The first analyst to apply the stock-to-flow model to Bitcoin says that institutions are deliberately pushing the Bitcoin price down in an effort to accumulate cheap BTC.

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

#Bitcoin has a market cap of $680 billion dollars.If 1% of it is invested in El Salvador, that would increase our GDP by 25%.

On the other side, #Bitcoin will have 10 million potential new users and the fastest growing way to transfer 6 billion dollars a year in remittances.

— Nayib Bukele 🇸🇻 (@nayibbukele) June 6, 2021

https://www.cnbc.com/2021/06/05/el-salvador-becomes-the-first-country-to-adopt-bitcoin-as-legal-tender-.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1622926697

https://cointelegraph.com/news/why-bitcoin-s-next-breakout-may-not-be-an-altcoin-season-signal