MAX KEISER SAYS BITCOIN PRICE WILL HIT NEW ALL-TIME HIGH BY JUNE 4TH!! BTC DOMINANCE ON THE CLIMB!!

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Tron CEO, Predicts That Bitcoin Price Will Cross $100,000 Mark In 2025

Justin Sun, the founder and CEO of Tron (TRX), the 15th biggest cryptocurrency by market cap, is investing in a number of Cryptos other than Bitcoin (BTC).

In a Feb. 23 interview with CNN, Tron CEO said that he is a long-term believer in cryptocurrencies and owns a stake in many altcoins, including the two largest coins after Bitcoin – Ethereum (ETH) and XRP.

When asked whether Sun has his crypto portfolio diversified, the Tron CEO answered:

“I own a lot of XRP and Ethereum, too. I’m like a long-term believer of the crypto so I want all crypto assets to succeed. So that’s why I own a lot of other different cryptos as well.”

As a major believer in crypto, Justin Sun is bullish on the price of cryptocurrencies and confident that cryptos like Bitcoin are the future of money.

In the interview, Tron CEO predicted that the BTC price will cross $100,000 mark in 2025, emphasizing that other cryptocurrencies will follow the trend.

Justin Sun’s $100,000 Bitcoin prediction in his own words: “I definitely believe Bitcoin will pass $100K in 2025.

I believe we can achieve this price before 2025.

At the same time, I think a lot of other crypto projects like Tron, Ethereum and XRP will also see bull market.”

CRYPTO EXCHANGE EXEC: BITCOIN WILL NOT STOP AT $100,000

Bitcoin is holding on to gains today as the threat of a larger correction looms.

The long term outlook is extremely bullish though, at least according to one crypto exchange executive.

Kraken’s director of business development, Dan Held, sat down with Nuggets News CEO Alex Saunders to discuss global markets, why bitcoin is the hardest money, and how it fits into the macroeconomic system.

Held got into BTC in 2012 after learning about the financial system crash in 2008.

He added that it was a tiny space back then and no major players in tech wanted to get involved in crypto.

He said that the scene now is so much different with many different products and institutional involvement.

This could spur a ‘super cycle’ with a lot more fiat flowing in which would take bitcoin prices to $100k in no time.

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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:

Crypto Exchange Exec: Bitcoin Will Not Stop at $100,000

https://cointelegraph.com/news/billionaire-investor-tim-draper-quit-stocks-for-bitcoin-6-months-ago

https://cointelegraph.com/news/tron-ceo-bitcoin-to-break-100k-in-2025-and-pull-up-other-coins

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The blockchain intelligence firm Glassnode says a key Bitcoin price indicator suggests the crypto market remains in the early days of a long-term bull run.

According to Glassnode, the number of BTC addresses with unrealized profit is at similar levels to the start of three major rallies.

Unrealized profit is calculated by taking the difference between the current BTC price and the price at the time that Bitcoin in a given address last moved.

It’s a sign of how many traders are determined to hold on to their investment.

Meanwhile, Bitcoin’s hash rate is hitting new all-time highs.

The hash rate is a mathematical representation of the amount of computing power dedicated to processing Bitcoin transactions.

The higher the number, the stronger and more secure the network. The high water mark suggests miners that power the leading cryptocurrency are feeling bullish on their ability to turn a profit by powering the network.

Owning One Bitcoin (BTC) Will Soon Be Out of Reach for 99.8% of World’s Population, Says Morgan Creek Digital Co-Founder

Morgan Creek Digital co-founder Jason Williams says owning a single Bitcoin will soon be out of reach for the vast majority of the world’s population as Bitcoin (BTC), the leading cryptocurrency by market cap, eventually moves past the upcoming halving event in May.

Williams highlights the popular stock-to-flow model by crypto analyst PlanB in the run-up to the Bitcoin halving.

The event, which happens approximately once every four years, cuts the supply of new Bitcoin entering the market in half.

According to Williams, the halving could make Bitcoin too expensive for the average Joe to afford, if in fact the event has a similar impact on price as the past two halvings.

Several crypto influencers have released high-flying Bitcoin price targets due to the halving. Tim Draper, founder of Draper Associates, predicts the halving event will push the cost of Bitcoin to over $250,000 before 2023.

By that time, he expects BTC to become the currency of choice.

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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 approximately 200 days (69 days until the halving) buying 1 #bitcoin will be out of reach of 99.8% of the population of the earth.

— Jason A. Williams 🦍 (@JWilliamsFstmed) March 1, 2020

$Btc Ground found from the region which was mentioned in previous btc post few days ago 😊For me right now, there is no reason to assume this is not a lower high atm.

I am looking for us to go towards 9150 region before potential drop for new lows https://t.co/pes1g7c5Ez pic.twitter.com/uAe3Fjxe20

— The Cryptomist (@TheCryptomist) March 2, 2020

https://cointelegraph.com/news/bitcoin-holds-87k-as-concern-mounts-over-coronavirus-stocks-party

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Bitcoin (BTC) hitting a $1 trillion market cap by 2025 is “conservative,” and those levels should hit in less than two years.

That was according to Blockstream CEO Adam Back, who delivered a fresh bullish Bitcoin price outlook on Monday.

Back was responding to a report by Yassine Elmandjra, a crypto-asset analyst at investment advisor Ark, who in September forecast a BTC market cap of $1 trillion to $5 trillion by 2030 at the latest.

Ark is well known for its enthusiastic price forecasts for Tesla stock, which saw an almost unbelievable rise in 2020.

“Conservative. I’d say bitcoin likely sees $1 trillion market cap within 2 years, probably sooner. $1 trillion is about BTC $50k,” he said.

As of October, Bitcoin’s market cap is just over $198 billion.

For Back’s prognosis to come true, the market would need to see a 400% increase by 2022.

For reference, at the start of October two years ago in 2018, the figure stood at $114 billion.

BTC/USD traded at $6,600, two months before the pit of its bear market which bottomed out at $3,100.

Further responses to Ark included on-chain data resource Ecoinometrics, which highlighted a $2 trillion Bitcoin market cap as equal to that of Apple.

BTC/USD would trade at $100,000 under such circumstances, while to equal gold, the pair would need to reach $500,000.

BTC price activity is currently much more subdued, with analysts expecting more sideways action to characterize the remainder of the year. 

At the same time, anticipation is building over BTC/USD abandoning its correlation to traditional macro assets and rising in line with historical behavior — specifically centered on predictions from the stock-to-flow price forecasting models. 

Stock-to-flow calls for an average price of $288,000 during the current halving cycle, which began in May and will last until 2024.

Adam Back: Crisis Will Push BTC to $300K Even Without Institutions

The Bitcoin pioneer says that unlimited money printing will drive retail investors toward BTC and push the price to $300,000 within five years.

In an interview with Bloomberg — in which he once again denied he was Bitcoin (BTC) creator Satoshi Nakamoto — Back outlined his thinking behind the sky-high price prediction.

The cypherpunk OG — who was cited in the Bitcoin white paper — added that BTC may not need the long-awaited flood of institutional money to push it into a bull run.

“It might not require additional institutional adoption because the current environment is causing more individuals to think about hedging,” Back said.

“And retaining value when there’s a lot of money printing in the world.”

In January, Back responded to reports that had unearthed early Bitcoin dev Hal Finney’s wild speculation that Bitcoin may be worth $10 million one day.

Back said that it was entirely possible that high inflation could make $1 worth $0.10 over a decade or so, which would mean: “$10mil/BTC is $1mil/BTC in today’s money.”

“And $100K Bitcoin doesn’t seem so far given we already crossed $10k threshold a few times when few expected even $1k some years back and $10k seemed crazy.”

With that in mind, it’s possible that Back expects a $300,000 BTC price in five years’ time to be more achievable, as it would be worth considerably less in today’s money due to inflation.

In other trending Bitcoin News today:

Bitcoin and Ethereum Bull Raoul Pal Details How to Spot the Next 100x Investment

The Real Vision CEO Raoul Pal is sharing his blueprint for how to spot the next investment with 100x potential.

In an interview with Chris Dark, the host of Dr Dark after Dark, Pal says you don’t have to venture far to find that life-changing bet.

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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 30 day historic volatility has been falling fast and is in the 20’s. In the past it has hit 20% vol 7 times. 6 times prices exploded higher immediately and vol hit 80% in a few months. 1 time (Nov 2018) prices fell sharply. Either way, a big move is coming soon. #Bitcoin pic.twitter.com/9qKdLcAf0V

— Raoul Pal (@RaoulGMI) October 7, 2020

https://cointelegraph.com/news/bitcoin-pioneer-predicts-1t-btc-market-cap-by-2022-or-sooner

https://cointelegraph.com/news/adam-back-crisis-will-push-btc-to-300k-even-without-institutions