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Early Bitcoin developer and co-founder of Ethereum and Polkadot, Gavin Andresen, is outlining a future where BTC rises to a staggering $6,000,000 per coin.
Gavin Andresen, who took over as Bitcoinās lead maintainer from founder Satoshi Nakamoto in 2011, just published a new blog post detailing how BTCās theoretical evolution could look.
In other trending Bitcoin News today: Bitcoin Will Disrupt the Payments Industry, Says Strike CEO After BTC Tipping Rolls Out on Twitter!
CEO Jack Mallers says in a new CNBC interview that his companyās recent partnership with Twitter to bring BTC tipping to the social media giant will make paying people as easy as messaging them over the internet.
āWeāre using Bitcoin to make tweeting at someone as easy as sending money to someone, anywhere in the world, any time, any place, any currency, it doesnāt matterā¦ You have absolute payment disruption thatās been a long time coming.ā
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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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TOP ANALYST PREDICTS $500K BITCOIN AND $25K ETHEREUM THIS MARKET CYCLE!! MASSIVE ALTSUMMER COMING!!
š° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Cryptocurrency analyst and influencer Michaƫl van de Poppe believes Altcoins will rally furiously this summer. Van de Poppe is also suggesting that he would not be surprised to see Bitcoin appreciate by about 800% from current levels and Ethereum go up by around 900% from current prices during this market cycle.
āThis entire cycle is going to be massive, still. Bitcoin to $500,000? Yeah, why not. Ethereum to $25,000? Yeah, why not.ā
In other trending Bitcoin News today:
Ethereum (ETH), the largest altcoin by market capitalization, hit new all-time highs on April 22 despite a bearish phase sweeping through BTC and other cryptocurrencies as BTC market dominance falls below 50% for the first time in 3 years.
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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:
This entire cycle is going to be massive, still.
Watched some interviews with @RaoulGMI today.
Makes me even more bullish. #Bitcoin to $500.000? Yeah, why not.#Ethereum to $25.000? Yeah, why not.
ā MichaĆ«l van de Poppe (@CryptoMichNL) April 21, 2021
First Ethereum ETFs in North America Have Officially Launched
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MACRO STRATEGIST RAOUL PAL SHARES POTENTIAL #post_titleM BITCOIN (BTC) TARGET!! DEFI ASSET YFI RECLAIMS K!
ā”ļø REPLAY ā Teeka Tiwariās āSet For Lifeā Summit: Register here: http://teeka.cryptonewsalerts.net
Global Macro Investor founder and chief executive Raoul Pal is betting big on Bitcoin.
Pal is offering an update on his BTC portfolio and declares more than half is now dedicated exclusively to Bitcoin.
In May, PalĀ saidĀ Bitcoin appears to be entering one of the best technical setups of all time and could be on a long-term trajectory to $1 million.
āBitcoin Porn and The Perfect Set Upā¦ BTC Chart 1 ā The Perfect Wedge. If you use classic charting techniques, it gives you a price target of around $40,000ā¦but
Chart 2 ā The Perfect Wedge on a Log Chart Well, that gives you a price object for this run potentially (key word ā potentially) of $1m.
Chart 3 ā The Perfect Regression Channel That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential).ā
Pal is also publicly pondering just how far he should go in his wager that Bitcoin will be one of the most lucrative assets of the next decade.
āIs it possible to get irresponsibly longer or is irresponsibly long the max? Asking for a friendā¦ Bitcoin.ā
The high-profile investor says his portfolio allocation is high risk and not something everyone should pursue.
āWe are all 100% aware of the downside risk in a 60 vol assetā¦ this is not a trade for a great grandmother.ā
The Global Macro Investor executive says heās accepted the possibility that Bitcoin might plummet all the way down to zero.
To further clarify his apparently BTC allocation, Pal explains that thereās a method behind the madness.
āI just want to be clear, with regards to being irresponsibly long bitcoin: I donāt use leverage. I fully expect to have to deal with a 50% drawdown and, Iām ok with it. I look at my allocation versus liquid assets and not my house etc. I am lucky have an income stream, which is key.ā
In other trending Bitcoin News Today:
Yearn Financeās YFI Reclaims $40K after Coinbase Listing
Yearn Financeās governance token, YFI, closed above $40,000 during the early trading session on Monday. The YFI/USD exchange rate established an intraday high at circa $42,425 following a 13.74 percent rally.
The strong upside move appeared despite a lackluster bullish trend elsewhere, with top cryptocurrencies Bitcoin and Ethereum trading under the weight of sellers.
YFI too experienced a sell-offĀ near its session top.
Traders booked their intraday profits, causing the cryptocurrency to plunge lower by 8.50 percent during the European session.
Nevertheless, a support level lurking around $38,990 protected the price from falling anywhere lower.
YFI/USD reclaimed some of its intraday profits after establishing its session support level.
A continuation in uptrend expects to lead the pair towards its all-time high near $44,003, with a primary bullish target lurking near $50,311.
The latest winning round the Yearn Finance market followed YFIās listing on Coinbase Pro.
The US-based crypto exchange announced earlier today that it is now allowing traders to deposit their YFI tokens into its platform.
From Tuesday, trading of the DeFi cryptocurrency will commence.
Excerpts from their announcement:
āOnce a sufficient supply of YFI is established on the platform, trading on our YFI-USD order book will launch in four phases, transfer-only, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.ā
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Trezor: āŗ http://trezor.cryptonewsalerts.net
Ledger: āŗ http://ledger.cryptonewsalerts.net
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:
Chart 2 ā The Perfect Wedge on a Log Chart
Well, that gives you a price object for this run potentially (key word ā potentially) of $1m. pic.twitter.com/ZDJXsrbbVN
ā Raoul Pal (@RaoulGMI) May 8, 2020
Chart 3 ā The Perfect Regression Channel
That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential). pic.twitter.com/YV1SUOKWjn
ā Raoul Pal (@RaoulGMI) May 8, 2020
S2F version 1 update. This is the 2019 time series model on historical BTC data only (no gold, silver, diamonds, real estate data used). You see the jump in model value at the halving (white line) and corresponding drop in S2F multiple / model error (white dots). Time to go up. pic.twitter.com/qIjiXfbmCx
ā PlanB (@100trillionUSD) September 14, 2020
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BITCOIN WILL REACH BITCOIN WILL REACH $1 MILLION SAYS CRYPTO STRATEGIST! ETHEREUM NEXT CYCLE ATH $10K-$20K! MILLION BY SAYS CRYPTO STRATEGIST!! ETHEREUM NEXT CYCLE ATH K-K!!
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Crypto analyst and influencer Alex Saunders says he believes Bitcoin is heading toward the $1 million mark, but the journey will take a while.
In a new interview with Stansberry Research, Saunders says BTC is on track to shatter $100,000 in the next five years.
After that, he believes Bitcoin will set its sights on $1 million, and the outcome will depend on how governments decide to deal with the the leading cryptocurrency.
āI honestly think now, if you look at the market cap and you look at the trillions of dollars that are being printed by the month these days, I definitely think weāre going to hit $100,000 in the next five years.
And then it becomes about how governments and central banks react. Are they really going to go hard and try and shut this down or are they going to have to leave it there as a sort of neutral open competitor thatās going to make them more fiscally and financially responsible.Ā
Depending on how that plays out, I think we can get to $1 million in the next 10 or 20 years simply because it is going to grow to compete with gold and forex and just capture anything thatās previously been a store of value. Why wouldnāt you now park that in Bitcoin?ā
Saunders says he doesnāt see BTC as a tool to get rich quick, and notes that people often invest in assets too late, after their parabolic rallies are well under way.
As for the altcoin market outside of Bitcoin, Saunders predicts the vast majority of crypto assets will fail, but there are a handful of promising protocols that will survive.
āWeāre very much focused on, out of these 10,000 different coins, 99% of them are going to fail just like the dot-com bubble. But we very much think thereās a handful, a few dozen and those are the ones that weāve invested in, that we believe are promisingā¦
In some ways, [altcoin detractors are] right in that Bitcoin is the king of the currencies and everything else in that realm is a distraction. But these days, itās kind of expanded out to be a digital asset class, and [rejecting altcoins is] kind of like saying when the internet was invented that thereās only going to be one internet company or one internet stock.
So I definitely think weāre seeing a number of companies that are disrupting a number of industries in the field that are catching on already. Ernst & Young are using Ethereum (ETH). [So is] Microsoftā¦ The biggest companies in the world are using protocols like Ethereum, so they are gaining traction.ā
In other trending Bitcoin News today:
āNEXT CYCLE ALL-TIME HIGH FOR ETHEREUM $10K-$20Kā
Ether (ETH) returned to $500 for the first time in more than two years on Nov. 20 as altcoins slowly staged a comeback from poor performance.
Despite being capped at roughly 6% daily gains at press time, Etherās achievement delighted traders, who noted that overall in 2020, the largest altcoin has outperformed even Bitcoin (BTC).
Year-to-date returns stand at 284% for Ether and 155% for Bitcoin.
Versus the pit of its price lows in mid March, just after the coronavirus-induced cross-asset crash, Bitcoin was still the strongest player. At the time, ETH/USD traded at just $117, making Fridayās levels an increase of 327%, while BTC/USD gained 411% from $3,600 to $18,420.
Earlier, Cointelegraph Markets analystĀ MichaĆ«l van de PoppeĀ argued that a new āaltseasonā would need to wait, but that a realistic top for Etherās next bull run could beĀ as high as $20,000.
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š„ [IMPORTANT] ā Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: āŗ http://trezor.cryptonewsalerts.net
Ledger: āŗ http://ledger.cryptonewsalerts.net
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:
Next cycle ATH for $ETH probably between $10,000-20,000.
ā MichaĆ«l van de Poppe (@CryptoMichNL) November 18, 2020
https://cointelegraph.com/news/corporate-bitcoin-frenzy-companies-now-hold-15-3-billion-in-btc
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