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“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 the past 300 years”, says RT host Max Keiser of the Keiser Report.

He continued in another tweet:

“The U.S. is just one of 195 countries in the world, all of which are vulnerable to a Bitcoin 51% attack on their fiat money. The nation state model has a good run, but it’s over. None will survive BTC. Secure your place in the new world with BTC.”

Wall Street veteran Max Keiser says he believes a supply shock will fuel Bitcoin’s rise to $1 million.

In a new interview with Express, the host of the Keiser Report says he’s convinced institutions will find ways to purchase Bitcoin directly from miners and effectively box retail investors out.

“The demand for Bitcoin is growing almost exponentially while supply is mathematically locked at 900 a day and in fact, in 2024, the supply gets cut in half again to 450 a day.

This is why I think institutions that are buying bitcoin will do so directly from miners and the public won’t have a chance to buy any. The public will be shut out as the price rockets to $1 million per coin… Meanwhile, Generation Z who bought lots of Bitcoin when it was under $100, will be the new global power elite. The world order is about to flip.”

Keiser points to the fact that high profile investors such as Paul Tudor Jones, Stanley Druckenmiller and Bill Miller are now bullish on BTC as a sign of what’s to come.

He also notes PayPal’s new support for Bitcoin as another game changer, citing recent estimates that the payments company is buying more than the daily supply of BTC.

Keiser says daily demand for Bitcoin from top trading platforms appears to be at least 2,600 BTC, while the amount of daily supply from mining is locked at 900 BTC.

In other trending Bitcoin News today:

Bitcoin Price Metric That Called 2020 Bull Runs Flashes ‘Buy’ Again

An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July.

As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signaling for buyers to enter the Bitcoin market.

Uploading an annotated chart to social media, Edwards, who is also the founder of digital asset manager Capriole, noted similarities between Bitcoin now and before the previous bullish upticks throughout this year.

“Look what I found. A blue dot,” he commented, identifying the new entry point.

Hash ribbons are based on Bitcoin’s network hash rate behavior and designed to tell investors when price is due to experience upside.

In theory, when miners capitulate due to events such as a major price correction, hash rate declines, only to revive thanks to Bitcoin’s automated difficulty readjustments. Hash ribbons demonstrate that around midway through this miner capitulation is an optimal time to take positions.

As the saying goes, “Price follows hash rate” in Bitcoin, hash ribbons lend technical proof to the popular mantra.

Edwards’ “blue dot” occurs when the 30-day hash rate value crosses the 60-day value, indicating a recovery is underway.

“Hash Ribbon is setting up for a buy signal soon,” Rafael Schultze-Kraft, chief technical officer of on-chain analytics resource Glassnode, continued with a further chart.

“When hash rate recovers (30d MA crosses above 60d MA) and BTC price momentum is positive, Hash Ribbon has given excellent entry points.”

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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 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 the past 300 years.

— Max Keiser (@maxkeiser) December 2, 2020

https://cointelegraph.com/news/bitcoin-price-metric-that-called-2020-bull-runs-flashes-buy-again

https://cryptopotato.com/bitcoin-price-to-hit-36000-in-2021-kraken-crypto-sentiment-survey/

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Venture capitalist Tim Draper was on Benzinga’s Crypto Festival to talk about the number 1 cryptocurrency BTC. Draper noted some trends which he believes will be the driving force behind bitcoin hitting $250,000 in 2022. 

Widespread adoption was one of these trends. He noted that people will eventually be able to use BTC in the way they currently use fiat currency. “One that happens,” Draper said, “there’s going to be a switch thrown in people’s heads.”

When asked when he planned to sell his coins, the billionaire replied, “Why would I want to sell the future currency for the past currency? I just can’t imagine anything more important for humanity than this.” As for Draper’s $250,000 prediction for the digital asset’s price in late 2022 or early 2023, he said, “I think we’re right on track.”

In other trending Bitcoin News today: BTC price returns to $50K as Bitcoin bears lose $450M in daily liquidations!

BTC swiftly reclaimed $50,000 on Thursday as bears felt maximum pain and lost hundreds of millions of dollars.

“Bitcoin facing final hurdle before $57K,” Cointelegraph contributing analyst Michaël van de Poppe tweeted in his latest update.

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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:

We’re Right On Track For Bitcoin At $250,000, Billionaire Tim Draper

https://cointelegraph.com/news/ada-price-hits-3-for-the-first-time-as-cardano-ethereum-lead-crypto-super-bull-cycle

https://cointelegraph.com/news/btc-price-returns-to-50k-as-bitcoin-bears-lose-450m-in-daily-liquidations

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The Bitcoin price has a maximum 15% chance of falling below $3,800 if current BTC price levels continue, says popular Crypto trader Tone Vays as BTC nears $7,000.

In a YouTube update on March 24, an increasingly bullish Vays updated his outlook for BTC/USD.

He argued that at around $6,750, the pair was sitting at resistance. Break above $6,800 and Bitcoin (BTC) would all but eliminate the likelihood of dipping to new lows under $3,800 — only a 15% chance would remain.

“Going above $6,800 would maybe give me 85% confidence we’re not going to go below this — and we’re almost there, we’ve almost broken it; we’re sitting at resistance,” he said.

“Right now, I believe there’s a 20-25% chance we’re going to go below $3,800.”

Vays had previously sounded the alarm about a potential Bitcoin collapse to as low as $2,000 before May’s block reward halving.

Now, however, he told traders that it was foolish to avoid entering the market in the hope of catching the next dip.

He continued: “That still means that you can’t wait; you can’t wait for another pullback to $3,500 — you should be in Bitcoin by now.”

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount.

As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it suddenly seems far more tangible.

Binance CEO Changpeng Zhao even tweeted that the new financial dialogue meant a $2 trillion market cap for Bitcoin could be considered “modest”.

“As we get used to talk about Trillions, a modest $2 trillion market cap of bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right? As most BTC are not for sell (HODLers), we only need a small portion of that $2t to buy to reach it.”

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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:

Here’s some perspective on the astronomical number that is $6 trillion. $6 trillion is the same as – 1/3 of America’s GDP– 130% of the Federal Reserve’s balance sheet– Enough money for $850 for each human being on Earth– or 900 million Bitcoin

Crazy.

— Nick Chong (@_Nick_Chong) March 24, 2020

As we get used to talk about Trillions, a modest $2 trillion market cap of #bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right?

As most BTC are not for sell (HODLers), we only need a small portion of that $2t to buy to reach it.

— CZ Binance 🔶🔶🔶 (@cz_binance) March 25, 2020

https://cointelegraph.com/news/as-trump-talks-trillions-binance-ceo-predicts-2t-bitcoin-market-cap

https://cointelegraph.com/news/bitcoin-price-rejects-7k-but-tone-vays-says-75-chance-btc-bottomed