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Bitcoin bull and Wall Street veteran Max Keiser has issued a massive BTC price prediction, saying as game theory suggest, governments around the world will start putting Bitcoin on their balance sheet sending BTC parabolic to $1,000,000.
The RT host of the Keiser Report shared the following:
“As long as governments control money, there could be no advances in money. Along comes bitcoin, it separates government from money. No government can touch btc, they’re completely divided & divorced.
And as I predicted, if you gave people hard money like bitcoin to transact without the interference of government it would be an economic global boom, a renaissance.
We can transact in unconfiscatable, uncensorable money when nobody can stop us because we’re protected by this encrypted shield called the bitcoin protocol that’s impenetrable & nobody can stop us.
Governments have flapped their gums a lot & suggested oh we are against it but none of them can stop it. Eventually one of these governments according to game theory is gonna say you know what, enough is enough we’re gonna start putting it on our balance sheet here.
And whatever country that might be & then every other country will do exactly the same thing and the price of course will go $500K, $600K, $1,000,000 a bitcoin and Max & Stacy will be once again 100% right.”
In other trending Bitcoin News today:
A Bitcoin Price Dip For Ants? BTC Quickly Rebounds to a New High Above $57,800
The price of Bitcoin (BTC) dipped to as low as $53,905 on Binance overnight, recording a sudden 6% drop. But despite the minor correction, the price of Bitcoin quickly recovered thereafter, reaching a new all-time high above $57,800 on Feb. 21.
Although Bitcoin saw a steep drop within merely hours, analysts pinpointed that it fell to the exact bottom of a short-term trendline.
John Cho, the Director of Global Expansion at Ground X, noted that the drop was a liquidity fill at a lower price.
A liquidity fill simply means when an asset drops after stagnating to fill buy orders at the bottom of the range
A drop was expected because Bitcoin was consolidating with the futures funding rate at around 0.15%.
Across major futures exchanges, the Bitcoin futures funding rate was hovering between 0.1% to 0.2%, and it was particularly high for stablecoin pairs.
Bitcoin futures exchanges use a mechanism called funding to incentivize buyers or sellers based on market sentiment.
For example, when there are more buyers in the market, the funding rate turns positive. When that happens, buyers have to pay sellers a portion of their position every eight hours.
When the funding rate is high but the price of Bitcoin is consolidating, the risk of a big short-term drop increases.
The funding rate for altcoins, including Ether (ETH) and DeFi tokens, reset to around 0.05%. As such, altcoins saw a stronger bounce than BTC.
Misa Christanto, an analyst at Messari, said that in a bear market, everything is correlated. But Bitcoin, which is also considered a “reflation trade,” has been resilient. She wrote:
“US Treasury curve is steepening. Why should we care? Because in a bear market, everything is correlated. So far the headwinds have been on equity returns, on unprofitable tech names. Reflation trades like $BTC unaffected.”
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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:
“As long as governments control money, there could be no advances in money. Along comes #bitcoin, it separates government from money. No government can touch #btc, they’re completely divided & divorced.”-@MaxKeiser🍊💊
— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) February 20, 2021
“These banks will not compete. They will not introduce anything near a #Bitcoin. Just like there was only one Joan of Arc, there was only one Virgin Mary, there was only one Allah, there can be only one #BTC & it rules supreme.” – @MaxKeiser (Keiser Report 443, May 11, 2013) 🍊💊
— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) February 20, 2021
In percentage terms, Bitcoin growing from $57K to $1M is the same as going from $3,249 to $57K.
— Stack Hödler (@stackhodler) February 20, 2021
On-Chain Data: The Last Time This Happened, Bitcoin Rose Another 2x
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Bitcoin Bulls on the Horizon: Anticipating a Dramatic Run-up to $280,000 – Unraveling the Deadline
Excitement is mounting in the cryptocurrency space as Bitcoin enthusiasts brace themselves for a potential dramatic run-up, with a staggering price target of $280,000 per BTC. The crypto community is buzzing with anticipation, and investors are keenly awaiting the deadline that could mark a historic milestone for the leading digital currency.
The article at the center of this buzz hints at a significant price surge for Bitcoin, raising eyebrows and sparking speculation among traders and analysts alike. As the crypto market is known for its volatility, such bold predictions are met with a mix of excitement and skepticism. So, what is driving this optimistic forecast, and when is this deadline set to unfold?
Understanding the factors influencing Bitcoin’s price is essential in deciphering such predictions. Market analysts often consider a combination of technical analysis, macroeconomic trends, and historical patterns to formulate their forecasts. It’s important for investors to approach these predictions with caution, recognizing the inherent uncertainty in the cryptocurrency market.
The concept of a deadline in this context adds an intriguing element to the forecast. Does it imply a specific event, a market cycle, or a critical juncture for Bitcoin? Clarity on this aspect can provide valuable insights into the basis of the prediction and help investors make informed decisions.
For those closely following Bitcoin’s price movements, this potential run-up to $280,000 raises questions about the sustainability of such a surge and the potential catalysts driving it. The crypto market has seen its fair share of highs and lows, and navigating these fluctuations requires a balanced approach that considers both short-term dynamics and long-term fundamentals.
As the deadline approaches, the cryptocurrency community will be watching closely to see if Bitcoin can defy expectations and reach new heights. Regardless of the outcome, such forecasts contribute to the ongoing dialogue about the future of digital currencies and the evolving landscape of the crypto market.
In conclusion, the prospect of a dramatic run-up to $280,000 per Bitcoin has injected a renewed sense of excitement into the cryptocurrency space. Investors are advised to approach such predictions with a discerning eye, considering the underlying factors and the deadline associated with this forecast. As the crypto journey continues, only time will reveal whether Bitcoin will indeed embark on this anticipated ascent to new price highs.
