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The CEO of Microstrategy, Michael Saylor, says that Bitcoin (BTC) will emerge as a $100 trillion asset class and will grow 100X from where it is today.Â
âItâs pretty clear that Bitcoin is winning, gold is losing ⊠and itâs going to continue ⊠Itâs pretty clear digital gold is going to replace gold this decade.
At the end of the decade it (BTC) will have flipped gold, and then it will flip monetary indexes, a little bit of bonds, a little bit of real estate, a little bit of equity, and emerge as a $100 trillion asset class. So, 100X of where it is right now.â
In other trending Bitcoin News today: Bitcoin, Ethereum and Four Altcoins Witnessing Mass Adoption As Crypto Market Targets $200,000,000,000,000 Market Cap, Says Macro Guru Raoul Pal!
In a new interview on business and entrepreneurial YouTube channel Goko Group, Pal says he expects the total crypto market to rise 100x in the coming years on the back of exponential adoption.Â
â[Crypto] is the fastest growing adoption in any technology in all recorded history. Weâre going to go from 150 million users to a billion users in three and a half years. It is going from $2 trillion to $200 trillion as an asset class probably in 10 years.â
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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://news.bitcoin.com/microstrategy-ceo-bitcoin-100-trillion-asset-class-btc-grow-100x/
https://cointelegraph.com/news/el-salvador-to-inaugurate-bitcoin-city-backed-by-1b-bitcoin-bonds
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BITCOIN PRICE IS UP 32% THIS MONTH – ON TRACK FOR 2,000 YEAR-END? | BTC Prediction 2020
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As Jan. 2020 comes to a close, the Bitcoin price is up 32% this month.
As one analyst points out, if this continues every month, the BTC price will reach $152,000 by the end of the year.
In a tweet that garnered thousands of likes and replies yesterday, Bitcoin (BTC) analyst and developer Cryptoâżull pointed out that Bitcoin is up 32% this month. He added:
âBitcoin is up 32% this month. If we go up 32% every month this year we will be at $152,000 in December.â
Thatâs a pretty eye-opening BTC prediction 2020 thought. Of course, thereâs absolutely no guarantee that BTC will repeat its January success every month this year.
And of course, he received several replies pointing out that 32% a month was âunrealisticâ and that âNothing goes up in a straight line.â
However, Cryptoâżull added that for those who thought that 32% a month sounded like âmadness,â they just needed to look back at 2017.
âTo those of you who think 32% monthly sounds like madness. 2017 opened at $960. It reached as high as $19,666 in Dec. That equals an average of 32% every month. Bitcoin gains are the definition of madness.â
In other Bitcoin news todayâŠ
An analyst who predicted Bitcoinâs $3,000 2018 bottom expects this next bull run to break a minimum of $14,000 highs.
âtook a much needed couple days off to clear the head from a macro POV we can see a very clear 5 wave rise from the 6k lows breaking key down trend. considering the rise from the 2018 lows was also 5 waves we would expect this next bull run to at minimum break the 14k highsâ
His Elliot Wave analysis suggests that Bitcoin has a high likelihood of breaking $14,000 â 48% above the current price point of $9,400 â by the middle of 2020, likely around or just after the time of the block reward reduction in May 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:
To those of you who think 32% monthly sounds like madness.2017 opened at $960. It reached as high as $19,666 in Dec.That equals an average of 32% every month.
Bitcoin gains are the definition of madness.
â Cryptoâżull (@CryptoBull) January 30, 2020
took a much needed couple days off to clear the head.from a macro POV we can see a very clear 5 wave rise from the 6k lows breaking key down trend.
considering the rise from the 2018 lows was also 5 waves we would expect this next bull run to at minimum break the 14k highs đ pic.twitter.com/KtadWBqBoX
â đđČBenjamin BluntsđČđ (@SmartContracter) January 31, 2020
Bitcoin Is Up 32% This Month â On Track for $152,000 Year-End?
Analyst Who Predicted Bitcoinâs $3,000 2018 Bottom Says This is Next
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SUPERCYCLE MAY PROPEL BITCOIN OVER $1 MILLION SAYS KRAKENâS DAN HELD!! MORGAN STANLEY BUYS BITHUMB?!
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According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.
In Heldâs view, this market cycle is fundamentally different from previous ones. âThis is one in a hundred year momentâ, he said, mentioning the coronavirus crisis, growing distrust in financial institutions and central bank money printing as catalysts of the current crypto bull market.
âPeople arenât just in it for a speculative run anymore. People are buying it because they see Bitcoinâs valueâ, he explained.
Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governmentsâ monopoly over money.
âBitcoin undermines their entire power and authority by removing money from their ownership,â he said.
At that point, governments will see crypto as a threat and crack down on it in what Held defines as a âcrypto mass extinction event.â According to Held, altcoins wonât be able to survive such an attack, since most of them are âdegrading their censorship resistance and decentralized properties in order to increase their throughput.â Bitcoin, however, was specifically designed to resist such censorship.
âSatoshi built the Blockchain to build Bitcoin, and he built it to be an incredibly resilient tool against governments,â Held said.
In other trending Bitcoin News today:
Morgan Stanley Rumored To Be Eyeing Stake In Top Korean Exchange Bithumb
According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant share in leading Korean cryptocurrency exchange, Bithumb.
The news was reported on March 18 by Aju News, with Bithumb reportedly in discussions with major Bithumb shareholder, Bident â who owns a roughly 10% stake in Bithumb Korea.
A March 19 article from leading local search engine Naver states that Morgan Stanley is planning to invest between 300 and 500 billion Korean won ($254 million to $441 million). The report cited an anonymous senior Bithumb representative as stating, âMorgan Stanley participated in the acquisition of Bithumb.â
âThe reason Morgan Stanley used Bident is because it understood that Bident has the right to negotiate a preferred sale to acquire Bithumb Holdings,â said a second anonymous source familiar with the matter.
Cointelegraph markets analyst Joseph Young shared the news to Twitter, noting Bithumb is targeting a $2 billion valuation.
The news comes two days after Cointelegraph reported on an âinternal memoâ from Morgan Stanley announcing the firm will launch three funds enabling Bitcoin ownership for wealthy customers with âan aggressive risk tolerance.â
Eligible clients must be accredited investors and hold at least $2 million worth of capital with the company. Minimum investments into the funds are $5 million.
Commenting on the news, Devin Ryan of U.S. investment bank JMP Securities predicted Morgan Stanleyâs crypto-friendly funds will prompt other financial institutions to explore offering their clients exposure to digital assets.
âMotivations range from missing the opportunity at best, or at worst, seeing business disruption if clients decide better alternatives exist, which could negatively impact growth or competitive positioning,â Ryan said.
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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:
Wow.Morgan Stanley is reportedly bidding for Bithumb, South Korea’s top crypto and bitcoin exchange, for $2 billion valuation.Slowly, then surely.
The explosiveness of institutional interest in this space right now is unprecedented.
â Joseph Young (@iamjosephyoung) March 19, 2021
More and more people are beginning to understand how #Bitcoin demonitizes violence. If you want peace switch to a Bitcoin standard.
âMax Keiser Makes Claim That Bitcoin Could Prevent 9/11 Attacksâ https://t.co/h7fRq3kBrA
â Max Keiser (@maxkeiser) March 18, 2021
https://cointelegraph.com/news/supercycle-may-propel-bitcoin-over-1-million-kraken-s-dan-held-says
https://cointelegraph.com/news/bitcoin-price-facing-final-resistance-before-68k
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BLOOMBERG FORECAST: Bitcoin Set for Massive Bull Run!! 0K+ BTC Price On the Horizon!!
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Bloomberg just released its latest Bitcoin (BTC) outlook on the crypto markets.
Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoinâs adoption among mainstream investors is on the rise.
He expects an advantageous macroeconomic landscape to sustain a Bitcoin bull run that will âdustâ the Nasdaq.
âIncreasing adoption and vehicles for exposure, and custody, are accelerating Bitcoin into the mainstream of investments. In a world of zero and negative interest rates and diminishing equity-price returns due to quantitative easing, the quasi currency stores of value â gold and Bitcoin â are finding increasing investor interestâŠ
Bitcoin $10,000 Breach Set to Dust Nasdaq â Fundamentally bullish and breaking above key $10,000 resistance, Bitcoin has a solid foundation on the back of a steep correction and period of disdain, in our view.â
McGlone adds that Bitcoinâs growing fundamentals suggest BTC is solidifying its position as digital gold.
He says the leading crypto is no longer the highly speculative and unknown asset it once was, with the Bollinger Bands momentum indicator suggesting a burst to $13,000 is imminent.
In contrast, the Bloomberg Intelligence analyst says Ethereumâs hot streak is likely fueled by pure speculation as opposed to BTCâs fundamentally-driven growth.
âEthereum has extended last yearâs highs and leaped to one of the top-performing major crypto assets in 2020, but we view its rally as more speculative vs. the favorable demand vs. supply conditions supporting Bitcoin.â
McGlone says Ethereum is facing heavy competition from protocols that offer the same use case, as a total of 6,000 crypto assets of all sorts flood the markets.
He believes Bitcoinâs scarcity is the key factor driving its value and points to a two-year comparison of BTCâs performance compared to Ethereum, XRP and the altcoin market at large as a sign that BTC is the better long-term play.
Bitcoin is up 54% over the last two years, while Ethereum is down 4.5% and XRP is down 30%.
âItâs the unlimited supply of the broad crypto market vs. the relative scarcity of Bitcoin that will maintain buoyancy in the benchmark asset, in our view. About 90% of the 21 million available Bitcoins have been produced, leaving demand and adoption as the primary price-outlook gauges. Our indicators point positive for Bitcoin, while the basic rules of supply and demand leave little hope of broad-market price advancement.â
In June, McGlone made the case for why BTC may return to its all-time high of $20,000 this year.
In other trending Bitcoin News today:
Panteraâs Founder Foresees $100K+ Bitcoin On the Horizon
Dan Morehead is more conservative in his Bitcoin price predictions than his firm Pantera Capital, though both agree that it will hit $100,000.
Pantera Capital is the oldest Bitcoin investment firm in the United States.
When the companyâs founder, Dan Morehead, was asked to make a Bitcoin price prediction during a recent interview, he first mentioned an investment letter published by the firm.
In this letter, based on the stock-to-flow model, the firm made the bold prediction that Bitcoin will hit $115,000 by August 2021.Â
Morehead thinks this is still possible, despite the fact that in just one year, the assetâs price would have to increase to nearly 10 times its current value.
Yet, his personal prediction is a little more modest, he said:
âMy common response is itâs been growing at 209% for nine years, I think itâs going to grow at least 209% over the next couple years and that puts you at $100 000, probably in two years; but I do think that will happen.â
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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:
In fact, only one asset has offset the growth of the G4 balance sheet. Its not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Only one asset massively outperformed over almost any time horizon.
Yup. #Bitcoin $BTC pic.twitter.com/wdoN6Qgaaz
â Raoul Pal (@RaoulGMI) August 6, 2020
When bitcoin was $4k in 2019, lot of big accounts were bearish, predicting $1k. However in DM mant said that if btc would rise to $6k, they would reconsider and switch to bull. That actually happened, we shot through $6k. Now many were bearish at $9k .. $13.5k will be interesting pic.twitter.com/6D5lArCC6c
â PlanB (@100trillionUSD) August 5, 2020
https://cointelegraph.com/news/panteras-founder-foresees-100k-bitcoin-on-the-horizon
https://cointelegraph.com/news/raoul-pal-it-may-not-be-worth-owning-any-asset-other-than-bitcoin
Post Views: 237