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Samson Mow, chief strategy officer of blockchain technology provider Blockstream, has said he expects El Salvadorâs volcano-powered, Bitcoin-back bonds to help the BTC price climb to $1 million per Bitcoin in just five years.
âIf Bitcoin at the five-year mark reaches $1 million, which I think it will, [El Salvador] will sell BTC in two quarters and recoup that $500 million,â said Mow, speaking alongside El Salvadorâs president Nayib Bukele at the weekend and explaining how the country could finance its Bitcoin bonds.
In other trending Bitcoin News today: Bitcoin Will Hit $100,000, According to Experts. Hereâs When They Predict It Will Happen!
And it isnât just crypto insiders who are making Bitcoin predictions. Big financial institutions have made their own predictions, as well, with JPMorgan predicting a long-term high of $146,000 and Bloomberg predicting it could hit $400,000 by 2022.
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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://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-predictions/
TA: Ethereum Prints Bullish Pattern, Why ETH Could Revisit $4.5K
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BITCOIN COULD BE WORTH MILLIONS OF DOLLARS EACH SAYS NORWEGIAN OIL BILLIONAIRE!! $200M BTC FUND!!
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Billionaire Kjell Inge Rokkeâs company, Aker, has established a new business dedicated to Bitcoin. Rokke believes that BTC could âbecome the core of a new monetary architectureâ and each coin could be âworth millions of dollars.â His new company âwill keep all its liquid investable assets in bitcoin.â
Norwegian oil billionaire Kjell Inge Rokke has spoken in favor of bitcoin. His company, Aker ASA, which controls oil and oil service companies, announced Monday that it has established a new business, Seetee AS, to tap into the potential of the cryptocurrency.
Listed on the Oslo Stock Exchange, Aker is a Norwegian holding company engaged in offshore fishing, construction, and engineering. Established in 2004, the company is controlled by Rokke with 67% ownership through TRG Holding.
In its announcement, Aker described Seetee as âa new company dedicated to investing in projects and companies throughout the bitcoin ecosystem and which will keep all its liquid investable assets in bitcoin.â Seetee is starting with 500 million kroner ($59 million) in capital, which Rokke called âan amount we aim to increase significantly over time.â
Following the announcement, Rokke expressed his view on bitcoin and the new enterprise launch in a shareholder letter published on Seeteeâs website. The billionaire wrote:
âWe will use bitcoin as our treasury asset and join the community. In bitcoin speak, we will be hodler.â
Initially, Seetee will focus on four areas. The first is âinvesting in and owning bitcoin.â The second is âjoining the bitcoin and broader blockchain community and establishing partnerships with leading players.â The third is âlaunching bitcoin verification operations,â and the fourth is âbuilding and investing in innovation projects and companies in the bitcoin and blockchain ecosystem.â
Seetee will actively partner with other companies in order to accelerate its initiatives, the announcement adds, noting that the company has âentered into a collaboration agreement with Blockstream,â which âwill initially focus on mining operations.â
Rokke further opined:
âBitcoin may still go to zero. But it can also become the core of a new monetary architecture. If so, one bitcoin may be worth millions of dollars.â
He added: âThe direction is clear: finance will be disrupted as surely as fossil fuels will be. The question is not if, but when.â
In other trending Bitcoin News today:
BITCOIN FIRM NYDIG GETS $200M INJECTION FROM MORGAN STANLEY, SOROS
Earlier today, NYDIG, a leading provider of investment and financial solutions for Bitcoin, announced that they were receiving $200 million in growth capital funding led by strategic partners Morgan Stanley, Soros Fund Management, FS Investments, Stone Ridge Holdings, Mass Mutual and New York Life. FinTech Collective and Bessemer Venture Partners, who previously funded NYDIG, also took part.
NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy.â He also promised that through the $200 million investment from their strategic partners, NYDIG would deliver âan explosion of innovation in Bitcoin products and services.âÂ
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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:
Top 4 stories on ZH today.
Inflation/hyperinflation is here now! #Bitcoin tops $1 trillion and is headed to a $4 trillion+ market cap ($220,000 per coin) in 2021 â as flight-capital jumps the fiat ship and finds safe haven in Bitcoin pic.twitter.com/zOruSWdMh1
â Max Keiser (@maxkeiser) March 9, 2021
Bitcoin Firm NYDIG Gets $200m Injection from Morgan Stanley, Soros
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BITCOIN HAS BEEN A MONSTER FROM BITCOIN HAS BEEN A MONSTER FROM $1 AND NOW HEADING TO $400K SAYS MAX KEISER! BTC APOCALYPSE SURVIVAL AND NOW HEADING TO 0K SAYS MAX KEISER! BTC APOCALYPSE SURVIVAL
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âBitcoin has been a monster from $1 to $11,000 and is now heading to $400,000â, says BTC pioneer Max Keiser, RT host of the Keiser Report.
When asked about a timeline for his bullish $400K Bitcoin price prediction, Max responded,
âIt all depends upon how fast the dollar collapses, BTC has no top.â
Max says Bitcoin has no top because the US dollar has no bottom and when it comes to investingâŠ
âYou want hard money, something they canât print.â
In other trending Bitcoin News today:
Apocalypse Survival Requires 1 BTCâŠ
Says Joe Rogan Guest Celebrity and podcaster Adam Curry described the importance of Bitcoin to podcaster and comedian Joe Rogan.
He posited the assetâs importance amid an internet-based world which thrives on personal data sales, banking activities, and centralized control.Â
âThe apocalypse is coming, and youâre gonna need a Bitcoin â at least one,â Curry said in a Sept. 8 interview with Rogan.
âAre you a Bitcoin salesman, Adam Curry?â Rogan responded, put off at first by the comment.Â
âI was very anti-Bitcoin, until I sold a s***load of them at like $900,â Curry said said, noting he acquired a stack of the asset in its early days. âI got them for nothing,â he said, adding:Â
âPeople just gave them to me in the beginning and I denied it.â
He then referenced the industryâs progress over the last decade, including mention of altcoins.Â
Rogan responded, opening an age-old can-of worms. He asked Curry why BTC remains in the number one go-to position among thousands of other crypto assets, wondering if another asset will overtake the assetâs spotlight.Â
âTen years of data have shown that Bitcoin really is the only one that you can trust,â Curry said, referring to the assetâs resistance against manipulation and its trail-blazing technical makeup.Â
Much talk of a flippening â a digital asset overtaking Bitcoinâs market cap â has come and gone over the years, but no asset has yet achieved such a feat.Â
In other Crypto news today:
BITCOIN CLOSING ABOVE THIS LEVEL COULD TRIGGER A MOVE BACK ABOVE $11,000
Bitcoin has flirted with a recovery ever since it hit $9,800 late last week.
The leading cryptocurrency currently trades at $10,250, but traded at both $9,900 and $10,400 over the past few days.
A crypto analyst believes that the cryptocurrency closing above $10,450 could trigger a recovery to $11,200. $11,200 is 9.2% above the current price and 7.1% above the validation point of this bullish theory.
âNo candle has closed below 10.100 in 7 days, good work of the Spartans. Now bulls need to close above to 10.450 to âconfirmâ a up move to 11.2k.â
This trader isnât the first to have assigned importance to the resistance in the $10,450 region.
A historically accurate analyst thinks that Bitcoin moving above $10,500 could trigger a textbook Wyckoff Accumulation pattern.
That pattern, should it play out, will take BTC back into the $11,000-12,000 range as the above analyst also suggested.
Analysts still think that macroeconomic trends favor Bitcoinâs growth in the longer run.
Mike McGlone, a senior commodity analyst at Bloomberg Intelligence, recently wrote on the matter of BTCâs price action:
âGold at $1,900, Bitcoin $10,000 Return to Decisive Support Zone â Some overdue mean reversion in the stock market is pressuring most assets, but we expect gold and Bitcoin to come out ahead in most scenarios. Declining equity prices encourage more monetary and fiscal stimulusâŠâ
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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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BOOMERS had it easy. Plenty of jobs-low cost real estate-rising stock market. MILLENNIALS have it hard. 9/11, 2008 real estate crash-now Covid-19. Good news. Millennials tech savvy. Boomers not. Bitcoin-Block chain-Digital currencies give Millennials head start into the future.
â therealkiyosaki (@theRealKiyosaki) September 9, 2020
#Gold at $1,900, #Bitcoin $10,000 Return to Decisive Support Zone â Some overdue mean reversion in the stock market is pressuring most assets, but we expect gold and Bitcoin to come out ahead in most scenarios. Declining equity prices encourage more monetary and fiscal stimulus.. pic.twitter.com/8dkJ2vdkdg
â Mike McGlone (@mikemcglone11) September 9, 2020
Bitcoin Closing Above This Level Could Trigger a Move Back Above $11,000
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K BITCOIN PRICE WILL TRIGGER A GLOBAL FOMO PANIC-BUYING SPREE SAYS MAX KEISER!! BTC PREDICTIONS!!
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âI think $50,000 Bitcoin price will trigger a global FOMO panic-buying spree that will destabilize the global banking system fatallyâ, shared BTC pioneer Max Keiser in a recent Tweet.
Heisenberg Capital founder Max Keiser says that Warren Buffett has missed out on numerous prosperous investments such as Apple and Amazon as âhis timing is poor.â
At the same time, Buffett âshunned Gold for 20 years while Gold outperformed Buffett for 20 years.â
As such, Keiser asserted that Buffett and another Bitcoin basher â Peter Schiff â will eventually catch on with BTC and start accumulating.
âMy guess is that Buffett (or whoever takes over after he passes) will start panic-buying Bitcoin at $50,000, just like Peter Schiff will do.
The only major player in the money management business that knows what theyâre doing is Paul Tudor Jones who I expect will take his Bitcoin allocation up from the current 2% of the portfolio to 10% in the near term.â
Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks.
Similiar with gold, Buffett has been bashing âthe new gold,â Bitcoin, and this raises the question of whether he may change his mind on the primary cryptocurrency at some point in the future.
The soon-to-turn 90-year old chairman and CEO of Berkshire Hathaway have never displayed any favoritism regarding gold and its role as an investment tool.
In his 2019 letter to Berkshire Hathawayâs shareholders concerning an upcoming financial apocalypse, Buffett refers to the ones planning to accumulate gold as a hedge instead of making investments in âAmerican businesses,â their portfolio would be much smaller:
âAnd what would that supposed protection [gold] have delivered? You would now have an asset worth less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle.â
Another asset, quite similar to gold in terms of fixed supply and recent price movements that Buffett hasnât been fond of, is Bitcoin.
Previously, he had referred to the primary cryptocurrency as a ârat poison squared,â and a âgambling device,â and even a lunch with Justin Sun, CEO of TRON, and other leading crypto figures couldnât change his mind.
But what if the American investor somehow changes his attitude about Bitcoin like JPMorgan CEOÂ Jamie Dimon did?
And, what if Buffett starts allocating funds into the primary cryptocurrency, like Paul Tudor Jones III and MicroStrategy did?
Such a drastic change of heart could not only push BTCâs price into the stratosphere but also start a snowballing effect that will ultimately enhance the assetâs adoption rates among the masses.
In other trending Bitcoin News today:
Why Experts Feel Bitcoin IS Going to Cross The 100K Mark In 2020
Many experts feel that sometime in the future, the prices of bitcoin will go as high as $100,00 landing it to the six-digit zone.
However, the prices are being said can even be higher than 100k.
There are plenty of insiders in the industry who are analysts and experts who believe that the price of BTC will very easily touch $100,000.
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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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