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Microstrategy CEO Michael Saylor in a new interview with Bitcoin Magazine, predicts BTC will hit $10,000,000 per coin. Bitcoin price hit $57,600 this morning, a new five-month high. In todayâs show I share the 5 most important things to watch in BTC market this week. Also in todayâs show: El Salvador to build $4M veterinary hospital using profits from Bitcoin trust. Salvadoran President Nayib Bukele has announced plans to invest part of the $4 million worth of profits the country has amassed from its Bitcoin (BTC) holdings to invest into constructing a new veterinary hospital in the local capital of San Salvador.
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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://cryptopotato.com/analysis-the-distinction-between-bitcoins-market-cycles-in-2017-and-2021/
https://cointelegraph.com/news/btc-price-hits-57k-five-month-high-5-things-to-watch-in-btc-this-week
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3 REASONS WHY BITCOIN WILL HIT 6-FIGURES THIS YEAR! NATIONAL ADOPTION WILL DRIVE BTC TO $1 MILLION!
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The number of people believing that Bitcoin could top $100,000 by the end of the year continues to grow, with the latest being Bloombergâs Senior Commodity Strategist â Mike McGlone.Â
By outlining the growing mass adoption, declining active supply, among other reasons, McGlone predicted that BTC could more than double its value in the next three months.
In other trending Bitcoin News today: National Bitcoin Adoption Will Drive A $1 Million BTC Price!
With several governments adopting Bitcoin, it is only a matter of time for the BTC price to reflect the bullish sentiment.
As more and more countries explore adopting bitcoin in one way or another, itâs become apparent that El Salvador has put the world on notice. Whether these nations just legalize and regulate bitcoin, adopt it as legal tender or use it as an investment vehicle, their interest is undeniable and growing by the day.
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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://bitcoinmagazine.com/business/nation-states-adopting-bitcoin-price
https://cointelegraph.com/news/bitcoin-jumps-toward-49k-amid-fears-5-plus-inflation-is-here-to-stay
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Teeka Tiwari: The 1,000,000% Trade | Bitcoin (BTC) Can Transform Trillion-Dollar Industries
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Teeka Tiwari just released his latest video today entitled âThe 1,000,000% Tradeâ leading into his â5 Coins to $5 Millionâ: THE FINAL 5 live Cryptocurrency event scheduled to take place tomorrow, March 18th @ 8PM ET.
âFIVE Tiny Cryptocurrencies That Could Turn $500 Into $5 Million⊠Thanks To A Crypto Market Phenomenon Guaranteed To Hit In Roughly 50 Daysâ
This Could Be The Biggest Millionaire-Making Event In Human History (Itâs NOT The Bitcoin Halving) For the past six months, Teeka Tiwari â the independently ranked #1 most trusted person in crypto â has been on a world tour, investigating a rare crypto market phenomenonâŠ
100% guaranteed to happen only once every four years. (Itâs not the halving. The answer may surprise you.)
Over 100 billionaires and wealthy investors are in a buying frenzy right now, preparing for this phenomenon.
The last time it occurred in 2016 (we wonât see it again until 2024), you couldâve turned $500 into as much as $5 million â in 10 months.
During this landmark online training event, Teeka will fly you to the hidden-in-plain-sight epicenter of this phenomenon⊠so you can see with your own eyes: Itâs real.
Itâs 100% guaranteed to hit in roughly 50 days. And it could be bigger than any other phenomenon before.
Billionaire Tim Draper Says Bitcoin (BTC) and Decentralization Can Transform Trillion-Dollar Industries
Legendary investor and tech venture capitalist Tim Draper says he expects Bitcoin (BTC) and various protocols leveraging decentralization to transform multiple industries â not just finance.
The paradigm shift will be comparable to how the internet revolutionized communications, shaped e-commerce and affected global partnerships.
Says Tim Draper, âNow, there is the decentralization and that is transforming currency right now with BitcoinâŠbut it is also converging with another technology that is also going to have a big impact â which is artificial intelligence.
Those technologies now have the ability to transform the biggest industries in the world. It is not just currency.
It is banking and finance, insurance, real estate, healthcare, government.
All those industries all in the trillions of dollars, they are hugely valuable, have the potential to be transformed by these new technologies.â
To provide a concrete example, Draper says he can build a âvery efficient and effective insurance companyâ by utilizing Bitcoin, AI and blockchain.
âFor example, I could start an insurance company with an actuary, AI to determine fraud, and then a smart contract with Bitcoin and put it all on the blockchain.â
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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://twitter.com/PeterLBrandt/status/1239531228929200128/photo/1
https://u.today/bitcoin-btc-gold-xau-nothing-is-safe-during-pandemic-according-to-peter-brandt
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Bitcoin Price Could Shoot Towards ,000 in 2020 | How Can You Not Be Bullish On BTC?
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One fractal analysis, predicts that Bitcoin price ongoing consolidation will resolve to the upside in an explosive fashion.
The catch: the BTC breakout will come at the end of 2020 â over five months away.
On March 12th and 13th, the Bitcoin market broke down. As many investors likely remember, in the span of approximately 24 hours, the cryptocurrency market fell by around 50%.
Bitcoin then plunged from the $7,000s to $3,700. Few expected the market to recover at the time.
There were some, however, trying their best to stay optimistic.
The CIO of Altana Digital Currency Fund, Alistair Milne, shared the chart below in the day after the crash, attaching the comment:
âSo, if you take the fractal after the Aug 2015 meltdown due to exchange dysfunction (and major trendline break) ⊠and place it on the end of Fridayâs meltdown, you get this âŠâ
The chart, which showed Bitcoin could follow the path it took after 2015âs crash, implied that BTC would recover to $10,000 by June.
And that it did, with Bitcoin spiking above $10,000 at the start of June.
This same fractal now predicts that after two more months of consolidation, Bitcoin will hit $18,000 by the end of 2020.
As Milne explained in a recent update about the fractal:
âWould you accept another ~2 months of no volatility if it meant we go directly to $18k within 4 weeks of a breakout?â
Milne isnât the first individual to have suggested that Bitcoinâs ongoing consolidation will resolve higher.
Mike McGlone â the senior commodity analyst at Bloomberg Intelligence â recently wrote the following on Twitter:
âVolatility should continue declining as Bitcoin extends its transition to the crypto equivalent of gold from a highly speculative asset, yet we expect recent compression to be resolved via higher prices.â
So, if you take the fractal after the Aug 2015 meltdown due to exchange dysfunction (and major trendline break) ⊠and place it on the end of Fridayâs meltdown, you get this âŠ
The sentiment McGlone shared is in line with the sentiment he shared in previous analyses. In editions of Bloombergâs âCrypto Outlookâ released over recent months, the Wall Street analyst has outlined a perfect storm of reasons indicating that Bitcoin will move higher.
Some of those reasons are as follows:
* The BTC block reward halving that came in May
* The increasing investment in the Bitcoin market by users of the CME and clients of Grayscale
* Bitcoinâs growing correlation with the gold market
* And more.
In other trending Bitcoin News today:
HOW CAN YOU NOT BE BULLISH ON BITCOIN? ANALYST ASKS DUE TO NEW DATA
Despite volatile price action, a majority of Bitcoin in circulation remains inactive.Â
According to data from Glassnode, a blockchain analytics firm, the percentage of coins not moved has reached 62% â an all-time high.
This comes in spite of the fact that 77% of the Bitcoin supply was accumulated at a price lower than current.
Thatâs to say, 77% of all BTC can currently be sold for profit. To Rafael Schultze-Kraft, the CTO of Glassnode, the confluence of high profitability amongst investors and increasing levels of holding is bullish.
âBTC supply not moved in over a year: 62%. BTC supply in a state of profit: 77%. Read: Many investors could be profitably cashing out, but instead choose to hodl. How can you not be bullish on Bitcoin.â
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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:
How Can You Not Be Bullish on Bitcoin? Analyst Asks Due to New Data
#Bitcoin Blahs? Benchmark #Crypto Looked Similar Before Past Gains â
Volatility should continue declining as Bitcoin extends its transition to the crypto equivalent of gold from a highly speculative asset, yet we expect recent compression to be resolved via higher prices. pic.twitter.com/XbIMv5AYAfâ Mike McGlone (@mikemcglone11) July 2, 2020
Would you accept another ~2 months of no volatility if it meant we go directly to $18k within 4 weeks of a breakout?
Check what happened in early 2016⊠https://t.co/BH18zB9eOb
â Alistair Milne (@alistairmilne) July 14, 2020
This 2016 Bear Market Fractal Shows Bitcoin Could Shoot Towards $20k in 2020
https://cryptopotato.com/bullish-bitcoin-price-post-halving-patterns-start-repeating/
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