BITCOIN AND CRYPTO ON BRINK OF RISING TO $10 TRILLION MARKET CAP, SAY TOP ANALYST – HERE’S WHEN!!

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Bitcoin Price May Rally 4,900% and Hit Half a Million Dollars, Says Fundstrat Analyst Tom Lee – Here’s How

The head of research at Fundstrat Global Advisors, Tom Lee, says Bitcoin (BTC) could rise to half a million dollars in the long run.

In a new interview with Nasdaq, Lee says he stands by his view that the BTC price will hit $40,000 before the Dow Jones hits 40,000.

When asked if Bitcoin will hit $500,000, Lee says he believes a 4,900% increase is possible based on the number of users that ultimately join the network.

“I think in the long term it’s possible because today Bitcoin’s transaction activity is twice that of PayPal, 7x the Discover network. It’s the second-largest transaction network after Visa, and there’s four billion Visa card holders. So if you get to five million Bitcoin users, it’s almost 100x increase in price.”

As for the timeline for such a meteoric rise, Lee says he’s unsure and doesn’t have a crystal ball.

But he does think Bitcoin has a strong use case in the current financial system.

“It’s not like I’m necessarily critical of how financial systems work, but too much money is paid to intermediaries. Today, roughly 6% of all GDP globally is paid to the financial system to manage trust. Bitcoin has been around for 11 years, has never had a single fraudulent activity on its blockchain with $5 trillion of activity. So it works better than the traditional financial system and the cost is vastly lower. Today, you can transmit a million dollars of Bitcoin between countries for $15. That same transaction using remittance counterparties would cost you 5 to 10% of that – $50,000 to $100,000.”

BITCOIN PRICE RETURNS ABOVE $10K, HERE’S WHY:

Bitcoin’s recent golden cross on the daily chart may have driven bullish enthusiasm for the leading crypto to reach a tipping point.

With the upcoming halving, many investors are buying up sub 10K BTC in preparation of the supply-side shock.

Many crypto analysts have predicted when we will never see BTC price under 10K again, but with the golden cross, it may actually be the final catalyst to push Bitcoin’s price into 5 figures permanently.

Bitcoin is often referred to as a deflationary currency due to it’s ever decreasing emission schedule of new coins.

Eventually the economic law of supply and demand will have its impact on Bitcoin’s existing supply, and its decreased production of new coins, causing a rise in prices overall.

As BTC rises in price, we can expect Altseason to really kick into overdrive, due to their heavy correlation with Bitcoin’s price.

We have already witnessed many traders diversifying into alts as BTC dominance has dropped over the last few weeks, dramatically.

Many altcoins have already been outperforming Bitcoin so far this year, acting as leading indicators for the largest market cap coin.

Smart money has been silently taking positions in both Bitcoin and Alts, while prices were down during the crypto winter.

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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://www.nasdaq.com/videos/marketbrief%3A-the-bull-case-for-bitcoin

Bitcoin Price Returns Above $10K, Here’s Why

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A popular crypto analyst says Bitcoin and Ethereum can pull off massive rallies before the end of 2021 as traders underestimate the second leg of the bull market.

Justin Bennett tells his 61,600 Twitter followers that he expects Bitcoin to launch a staggering rally, well above the six-figure level, should the leading cryptocurrency shatter its current all-time high of $65,000.

“Most are underestimating the level of FOMO (fear of missing out) that will occur above $65,000 $BTC.

Everyone thought the bull market was over. If it isn’t and Bitcoin reclaims $65,000, we’ll see a FOMO event like never before. In which case, $200,000+ through EOY (end of year) is very much on the table.”

In other trending Bitcoin News today: There’s No Stopping the Bitcoin Train After BTC Breaks This Price Level, Says Top Crypto Analyst!

Closely followed crypto trader Pentoshi says there will be no stopping Bitcoin after BTC breaks a certain price area.

The pseudonymous trader tells his 212,000 followers that the $48,000 level is the last point before Bitcoin becomes unstoppable.

“Above $48,000, I think there’s nothing stopping this train. It’s the last level structurally that can constitute a lower high on the macro.

$45,000-$48,000 is very strong resistance in my opinion due to the time we distributed above it. Likely see $40,600 again before any real [breakout].”

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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:

Smart govts will ‘start hoarding and mining bitcoin’ to the extent that…

https://cointelegraph.com/news/institutions-are-buying-bitcoin-like-it-s-late-2020

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Widely-followed crypto analyst Michaël van de Poppe is suggesting the bottom is in on Bitcoin, Ethereum, and Vechain, while telling prospective altcoin investors that the best time to buy might be now.

The popular crypto analyst also shares a reminder with the following peak high bull cycle predictions:

“Bitcoin to $350,000-450,000

Ethereum to $10,000-17,500

Polkadot to $250-350

Chainlink to $250-350

Cardano to $10-20

Zilliqa to $5-7

Elrond to $500-750

DIA to $50-75

Some might be conservative.”

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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:

https://cointelegraph.com/news/here-s-why-bitcoin-traders-expect-choppy-markets-for-the-remainder-of-2021

https://cointelegraph.com/news/happy-bearday-bitcoin-it-s-been-3-years-since-btc-bottomed-at-3-1k