➡️ 5 COINS to $5 MILLION REPLAY: Olympic Wrestler and Bitcoin Bull Ben Askren took to Twitter to find out exactly what the public would do with 20/20 hindsight and $10,000 to invest. The cryptocurrency industry is clearly here to stay, but would the…
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ASSET GIANT FIDELITY VALIDATES BITCOIN MODEL THAT PREDICTS BTC PRICE RISE TO ASSET GIANT FIDELITY VALIDATES BITCOIN MODEL THAT PREDICTS BTC PRICE RISE TO $1,000,000!!,000,000!!
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The trillion-dollar asset manager Fidelity is scrutinizing a popular and controversial Bitcoin price model.
A recent report from Fidelity Digital Assets analyzes the BTC stock-to-flow ratio, which divides the amount of a commodity in circulation by the amount mined per year.
Using the correlation between an asset’s price and its S2F ratio, the pseudonymous crypto analyst PlanB has predicted that the BTC price will soar to $1 million by 2029.
Although there is a fierce debate on whether the stock-to-flow ratio is an accurate way to forecast Bitcoin’s trajectory, Fidelity says the model is a credible tool for analyzing scarce assets.
The firm says historically, the metric is a sound way to judge whether a given commodity will become a successful store of value.
“Commodities with a stock that is difficult to double due to a low rate of production relative to existing supply have historically served as superior stores of value.
Such commodities are largely used for investment purposes, and occasionally industrial uses.
On the other hand, consumable commodities that are susceptible to large increases in supply, are less effective in storing value.
In the Bitcoin Standard, Saifedean Ammous adapted stock-to-flow to compare bitcoin to commodities used for investment and consumption and the use of the metric has since expanded and even given rise to models based on the ratio.
Gold, the most resilient store of value through the ages, has the highest stock-to-flow ratio, followed by Bitcoin (today) and silver.
Following the recent halving (May 2020), the gap between the gold and Bitcoin ratio compressed.
Bitcoin’s stock-to-flow will eclipse that of gold following the next halving (2024).”
Grayscale echoes Fidelity’s assessment that commodities with high S2F ratios are typically sought after by investors.
The investment giant looks at Bitcoin to illustrate the positive correlation between an asset’s price and its S2F ratio.
“Commodities with high stock-to-flow ratios such as Bitcoin, gold, and silver have historically been utilized as stores of value.”
However, Grayscale cautions that the S2F price model does not guarantee an increase in the asset’s value.
“While it’s true that price has followed this stock-to-flow model with high correlation, the relationship may be spurious and does not take into account the requisite demand for price appreciation.”
In other trending Bitcoin News today:
BLOOMBERG PREDICTS GOLD AT $3K, BITCOIN AT $20K IN CURRENT BULL RUN!
A bullish comment on gold by a top Bloomberg Intelligence analyst could leave Bitcoin in a similar upside spell.
“Central banks essentially printing money to spur inflation is a solid foundation for the benchmark store of value,” McGlone said.
“Gold bottomed at about $700 in 2008 and peaked near $1,900 in 2011. A similar-velocity 2.7x advance from this year’s low-close near $1,470 would approach $4,000 by 2023.”
The analyst said in its June update that the cryptocurrency could hit $20,000 by the end of this year, citing increasingly favorable fundamental and technical factors.
They included its maturity as an asset, followed by its rising futures open interest and more buy-and-hold strategy among institutional investors.
“Bitcoin ended 2019 at about $7,000, near the bottom of its range, favoring a shift toward the peak. Last year, the high was about $14,000, which would translate into almost double in 2020 if rotating within the recent band,” Mr. McGlone explained.
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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 Asymmetric ReturnLast 10 years (2011-2020):– 2 years negative return (2014, 2018)– 3 years [+25% -> +100%] return (2015, 2019, 2020)
– 5 years >100% return (of which 3 yrs >1000% return!) pic.twitter.com/WFatEzbG5Z
— PlanB (@100trillionUSD) August 26, 2020
The Fed, under the leadership of Jerome Powell, continues to be #Bitcoin‘s biggest booster. On Thursday, he will deliver a speech about how the Fed will begin targeting higher inflation. 🧙♂️🙏🚀https://t.co/MUXB2MRTp3
— Tyler Winklevoss (@tylerwinklevoss) August 25, 2020
Bloomberg Predicts Gold at $3K, Bitcoin at $20K in Current Bull Run
https://cointelegraph.com/news/tyler-winklevoss-says-us-fed-is-the-biggest-booster-of-bitcoin-price
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bitcoin cash
➡️ Leverage OPM (Other People’s Money): This might be the most important Bitcoin (BTC) news of 2020, says Mike Novogratz. Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its…
➡️ Leverage OPM (Other People’s Money): Bitcoin advocate, The Moon Carl who has 146,000+ YouTube subscribers, told his 70,000+ Twitter followers that he predicts the BTC price to hit $50,000 by May, 2021. This virtually means he expects…
➡️ Leverage OPM (Other People’s Money): Bitcoin can offer protection against the “depreciating value of money,” newly bullish BTC investor Ray Dalio says. In a Reddit “Ask Me Anything” session on Dec. 8, Dalio, who last month abandoned his…
➡️ Leverage OPM (Other People’s Money): Real Vision CEO and Bitcoin bull Raoul Pal says that a massive wall of institutional money is inevitably going to push the BTC price to $300,000 in a year and a half. In an interview on Kitco News, Pal…
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➡️ Leverage OPM (Other People’s Money): Bitcoin pioneer Max Keiser, RT host of the Keiser Report went on an epic Twitter rant about BTC having enough interest right now to overthrow government, fiat currency and the central banking system. “We…
➡️ Leverage OPM (Other People’s Money): Didi Taihuttu, his wife, and three kids bet ‘everything’ they have on Bitcoin. This is how the legend of the BTC family begins. In 2017, CNBC spoke to the Dutch family of five when…
➡️ Leverage OPM (Other People’s Money): Bloomberg Intelligence senior commodity strategist Mike McGlone says he expects the big Bitcoin rally to continue in 2021. In a new December outlook on BTC, McGlone says Bitcoin’s new line of…
➡️ Leverage OPM (Other People’s Money): “Bitcoin is conducting a 51% attack on the world’s fiat money supply. The price of BTC in fiat will go to infinity because none of the world’s worthless flag money will survive. None of it ever has over…
➡️ Leverage OPM (Other People’s Money): Bitcoin hitting $300,000 per BTC in just one year’s time is “not out of the question,” popular statistician Willy Woo says. In a series of tweets on Dec. 1, Woo stated that he has “never been…
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BITCOIN AND CRYPTO MARKET WILL SURGE 100X AMID LIGHTNING SPEED ADOPTION, SAYS MACRO GURU RAOUL PAL!!
💰 Get FREE $100 In Bitcoin When You Open Tax-Free IRA Crypto Account With iTrust Capital: http://itrust.cryptonewsalerts.net
Macro guru and Real Vision CEO Raoul Pal says the crypto markets could be on the verge of exponential growth as the space sees lightning-fast adoption.
“Right now, it’s a $2.5 trillion asset class. Most of the major asset classes around the world, equities, bonds, real estate, are between $150 trillion and $350 trillion, so I think this goes to $200 trillion in the next 10 years, so that’s a 100x for an asset class.
Mankind has never seen that before, so it’s an opportunity for everybody because everybody can own 10% of their assets in this – everybody – the richest and the poorest.”
In other trending Bitcoin News today: Here’s Why Bitcoin Will Not Go to $100,000 This Year, According to Crypto Analyst Nicholas Merten!
Crypto analyst Nicholas Merten says that while he’s bullish on Bitcoin, predictions of BTC going to $100,000 this year are likely overly optimistic.
“There’s no way we are going to a $100,000 or $150,000 in Q4 of this year or Q1 of next year. I’m sorry. I’m going to have to say it because I think a lot of the analysts are getting this wrong…
If we’re talking about the perspective of going to $3 or $4 trillion (market cap), around that $150,000 to $200,000 range, it’s going to take a lot of liquidity, and along with that as well, some time to get there. And that’s why we have our expectation of a cycle top coming in November of 2022, far-out than probably 90-95% of market projections.”
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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/vaneck-bitcoin-futures-etf-to-launch-on-cboe-on-nov-16
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