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Bitcoin made history today breaking it’s previous all-time high, entering price discovery mode and surpassing $67,000 per BTC.
Co-founder of Fundstrat and Wall Street Strategist Tom Lee has revealed his expectations for Bitcoin before the year runs out.
According to a Bloomberg report, Lee revealed that he had high expectations for the digital asset, which he believes would hit the $100,000 mark by the end of the year, and added that the asset could go as high as $168,000 before the year runs out.
In other trending Bitcoin News today: Bitcoin futures ETF debuts with highest ever first day ‘natural’ volume of $1B.
ProShares’ Bitcoin Strategy exchange-traded fund (BITO) saw the highest ever first day “natural” volume for an ETF, with the figure reaching a little over $1 billion by the end of the opening day.
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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.
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CRYPTO ANALYST UNVEILS MASSIVE YEAR-END TARGETS FOR BITCOIN AND ETHEREUM!!!!!
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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.
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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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BITCOIN WILL CONTINUE TO CANNIBALIZE GOLD DRAMATICALLY OVER NEXT DECADE!! BTC AND DEFI WEEKLY RECAP!
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Bitcoin Billionaires, the Winklevoss twins, believe BTC as “digital gold” would compete against gold over the long term, recently making the case for a $500K Bitcoin price.
Specifically, its immense upside potential makes it an attractive investment since the Bitcoin market capitalization is still roughly only 1.5% of gold.
Cameron Winkelvoss, the co-founder of Gemini, said BTC has already made significant ground on gold. He said:
“Bitcoin has made significant ground on gold — going from white paper to over $200 billion in market capitalization in under a decade. It will continue to cannibalize gold dramatically over the next decade.”
Warren Buffett and Berkshire Hathaway substantially cut their position on Wells Fargo, selling 100 million shares.
The Oracle of Omaha is continuing to trim his position in bank stocks, buoying the bull case for gold and Bitcoin (BTC).
Berkshire reportedly held $32 billion in equity in Wells Fargo at one point, Fox Business reported on Sep. 5. The investment conglomerate now owns 3.3% in equity of the lender, worth just $3.36 billion.
Throughout his career, Buffett emphasized the importance of value investing and cash flow.
The investor typically prefers businesses with predictable and stable operations that result in consistent profitability.
In July, Wells Fargo posted a $2.4 billion loss, recording its first loss since the 2008 housing crisis. Following the disappointing quarterly report, the company said it would cut its dividend to 10 cents per share.
But the persistent theme in Berkshire’s portfolio reshuffle in recent months is its investment in Barrick Gold.
While decreasing its exposure to the U.S. banking sector, Buffett invested in gold and Japanese trading companies.
The decision shows that Buffett is seeking safety in terms of cash flow and a hedge against inflation.
The Barrick Gold investment fuels the bull case of Bitcoin because the perception of BTC as a store of value is improving, especially given the tight correlation between the two since the March 2020 crash.
In other trending Bitcoin News today:
Perfect storm leads to big sell-off for Bitcoin and DeFi: Weekly Recap
A significant drop in equities markets was led by blue-chip stocks that had been at all-time highs.
As this occurred, many tokens tied to DeFi platforms corrected sharply, most notably, SushiSwap (SUSHI) which lost nearly 40 percent of its value.
The correction in traditional markets appears to have influenced Bitcoin’s (BTC) more than 10 percent drop before a small bounce back to the $10.3-$10.4K range.
Ethereum transactions soared to multiple new all-time highs for the second time in three weeks and Uniswap V2: Router 2 is now the lead contributor to gas usage, according to Etherscan.
The decentralized exchange is followed by Tether (USDT); and then the latest DeFi sweetheart that is SushiSwap: MasterChef LP Staking Pool.
And so, Tether has finally been dethroned from its top spot as the main contributor of gas usage.
The fact that it was toppled by none other than a DeFi platform speaks a lot for the recent growth of the industry and, as it stands, over $9.34 billion is locked across various platforms.
Currently, Aave, Maker and Uniswap constitute about $1.5 billion TVL each.
On the one hand, DeFi is a high risk, high reward market, but so is trading small-cap (pink sheet) stocks. Both clearly have a
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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:
#Bitcoin has made significant ground on gold — going from white paper to over $200 billion in market capitalization in under a decade. It will continue to cannibalize gold dramatically over the next decade.
— Cameron Winklevoss (@winklevoss) September 4, 2020
Buffett’s move into Japan, along with his $GOLD investment, confirms he’s getting out of $USD BIGLY $USD is trending lower today, about to break key support #Bitcoin – Gold – Silver
Will all make new ATH in the near term
— Max Keiser (@maxkeiser) August 31, 2020
Because Chainlink based asset tend to be some of the fasted to recovery post Bitcoin dips
— Josh Rager 📈 (@Josh_Rager) September 3, 2020
https://cointelegraph.com/news/buffett-dumps-wells-fargo-amplifying-bull-case-for-gold-and-bitcoin
https://cointelegraph.com/news/perfect-storm-leads-to-big-sell-off-for-bitcoin-and-defi-weekly-recap
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HERE’S WHY THIS CRYPTO CEO THINKS BITCOIN (BTC) SOON HITS ,000!! DEFI ASSET YFI SOARS 108,000%!!
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Vinny Lingham, cryptocurrency investor and the CEO of CivicKey, asserted that there’s a good likelihood that the Bitcoin price will soon trade at $15,000 per BTC.
He made this comment in reference to how $10,000 “represents strong support”:
“It looks to me that Bitcoin is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.”
Discussing the efficacy of his calls, Lingham noted to a commenter that he has rightfully called prior price action.
He added that he personally thinks that Bitcoin flips bullish on a macro scale if it converts $12,000 into support:
“I’m not a permabear or a permabull – I called the bubble and I called the bear market. The bear market is almost over, if/when we break and hold $12k. So yes, I’m turning bullish.”
This sentiment is in line with a number of technical traders within the space. One historically accurate analyst, for instance, who predicted BTC’s V-shaped reversal in March says a rally to $17,000 is imminent.
That’s not $15,000, of course, but there’s a growing sentiment that Bitcoin will gap higher.
The rally towards $15,000 or $17,000 is expected to be part of a longer-term uptrend, spurred by a confluence of fundamentals.
Raoul Pal, CEO of Real Vision, recently commented that Bitcoin is likely to rally 50 to 100 times this market cycle due to macro trends.
Responding to Jerome Powell’s comments, Pal noted that the Federal Reserve seemingly wants anything but deflation.
This, the investor explained, will create market pressures over time that will drive capital to Bitcoin and gold at record speed.
The Winklevoss Twins, co-founders of Gemini, have echoed the optimism.
They also noted that macro factors are likely to drive vast amounts of capital to Bitcoin in upcoming years.
In other trending Bitcoin News today:
After Riding YFI’s 108,000% Tidal Wave, Analyst Josh Rager Bullish on Five Nascent Crypto Assets
Bitcoin trader and strategist Josh Rager is hopping on the decentralized finance (DeFi) bandwagon.
Rager invested in Yearn.Finance (YFI) early.
The coin has surged from $34.53 on July 18th to a high of $37,621 on Sunday – a whopping 108,000% increase.
The analyst now predicts the coin will continue to soar and reach a price of $100,000.
Meanwhile, the analyst tells his following of 81,000 people on Twitter that he plans to hold on to five other nascent crypto assets that he believes offer upside potential.
“Still holding XAMP, TOB, YFL, JGN, & TACO. The altcoins I share are the altcoins I intend to hold for a while or take profits slowly overtime – not dump on people.”
Rager puts the spotlight on Antiample (XAMP) and Tokens of Babel (TOB) as both assets are getting a lot of attention in the Uniswap protocol.
“XAMP [and] TOB are doing great on vol & users going on 2 weeks+ now just on Uniswap alone. The first major exchange to list them both will likely reap some major rewards from users and fees.”
As for the other coins on Rager’s list, Juggernaut (JGN) is a new breed of token that allows businesses to create custom synthetic tokens and take full advantage of the DeFi infrastructure.
Meanwhile, YF Link (YFL) is a fork of the red-hot Yearn.Finance protocol.
The project leverages LINK (Chainlink) and allows LINK marines to directly participate in the DeFi craze through yield farming.
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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:
It looks to me that #Bitcoin is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.
— Vinny Lingham (@VinnyLingham) August 28, 2020
Still holding $XAMP $TOB $YFL $JGN & $TACOThe altcoins I share are the altcoins I intend to hold for a while or take profits slowly overtime – not dump on people
In fact, you don’t hear about most the altcoins I trade because they’re high risk and I don’t want you losing money
— Josh Rager 📈 (@Josh_Rager) August 24, 2020
PREDICTION? FED out of bullets: needs inflation. Zero int not working. Q: What will FED do? A: Buy GOLD not T-bills? FDR did this in 1933 buys gold @$28 raised price to $35. Will Fed buy gold for $7000 to cause inflation? Gold silver Bitcoin win. Savers lose. What do you think?
— therealkiyosaki (@theRealKiyosaki) August 30, 2020
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