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Michael Saylor isnât concerned about Chinaâs latest wave of Bitcoin and crypto bans.Â
The MicroStrategy CEO ballparks that between $100 trillion and $300 trillion could seek a store of value in BTC and if Bitcoin were to reach the $300 trillion market cap Saylor outlines, that would bring each BTC to more than $14 million per coin.
Saylor tells Bill Barhydt, the CEO of crypto wealth management firm Abra, in a new interview that he was an early shareholder in Google, Facebook, and Twitter. He says he didnât let Chinese regulations bother him back then and doesnât plan to now.
In other trending Bitcoin News today: Square, Twitter, And Substack Are Big First-Movers In Bitcoin Payment Solutions!
Both social media giant Twitter and independent online publisher Substack have officially integrated Bitcoin tipping and payment services through third-party partnerships with Strike and OpenNode, respectively, serving a combined 350 million monthly active users.
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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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âNO DEBATEâ THAT BITCOIN WILL INCREASE 20-30X PUSHING PRICES AS HIGH AS 0K SAYS GOLD INSIDER!!
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Gold Bullion International co-founder Dan Tapiero believes that itâs only a matter of time before Bitcoin surges into the six-figure threshold as $15 trillion in institutional capital could flow into BTC, pushing the Bitcoin price as high as $500,000.
Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in terms of price appreciation, Bitcoin is king, even though he believes investors should own both gold and Bitcoin:
âIn the next five years, I can see gold at $4,000, so thatâs double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so thatâs a 20, 30x.â
He went on to add, âI donât really think that anyone in the gold world [âŠ] they are not going to debate that.â
Tapiero believes that institutional investors and finance whales are likely to invest between 5% and 15% of their portfolios in Bitcoin, and noted that the sector was currently worth $100 trillion:
âThatâs a huge chunk. I mean, 15% of $100 trillion is $15 trillion.â
But gold is a store of value, and that is only one aspect of what Bitcoin is. Bitcoin is an entire network, and thatâs why he believes it will be much bigger than gold:
âThere is no question that Bitcoin is going to outperform gold.â
Other analysts are similarly bullish about Bitcoin, with Off the Chain Capital chief investment officer Brian Estes telling Reuters today that it âis not a stretchâ for BTC to surpass $100,000 in one year, and predicted that it could go as high as $288,000 by the end of 2021.
CNBC host Jim Cramer also believes in the future of Bitcoin, as revealed on another podcast with Pompliano. Cramer, who was a Bitcoin skeptic during the 2017 bull market, recently stated that he had since realized that Bitcoin is a good hedge against inflation and also one that his kids can understand:
âI think that my kids, when they get my inheritance, wonât feel comfortable with gold, and will feel comfortable with crypto.â
In other trending Bitcoin News today:
Bitcoin Could Be On Track To $74,000, Trader Says As Cryptocurrency Approaches All-Time Highs
âItâs hard to give Bitcoin an intrinsic fundamental value because thereâs pretty much a finite supply,â Todd Gordon, founder of TradingAnalysis.com, told CNBCâs âTrading Nationâ on Tuesday.
Only 21 million bitcoins will ever be produced.
âThe point of all this is a reliable relationship in the Elliott wave theory is the percent distance traveled in that first wave in 2014 is often equal to the percent change in wave five,â Gordon said.
Seeing as the first wave was a roughly 658% rally, Gordonâs target was a lofty one.
âI canât believe Iâm going to go out on CNBC and say this, but itâs about 74,000,â he said. âThe Elliott wave goes very well with ⊠Fibonacci multiples. If it does want to fall short, it can go to 61% of that target, which is only at 34,000.â
Another trader saw even loftier heights ahead for the crypto play.
âIâve always had to own some,â Mark Tepper, president and CEO of Strategic Wealth Partners, said in the same âTrading Nationâ interview.
âItâs like a FOMO concept for me,â he said. âIf I never owned any and bitcoin hits 100,000 per coin, Iâd probably cry myself to sleep every night for the rest of my life if I didnât own some.â
âYou can kind of compare this to Tesla,â he said. âTeslaâs up over 500% this year. In my opinion ⊠I think bitcoin could potentially be the Tesla of 2021. It could, in my most bullish case possible, get to 100K by the end of next year. Thatâd be my bull case. I think my base case is a little closer to it doubling up to about 40K by the end of 2021.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:
it is not too late for Bitcoin.. great alternative to gold⊠which i have always believed in
â Jim Cramer (@jimcramer) November 24, 2020
https://cointelegraph.com/news/2-counterarguments-for-cnbc-s-brian-kelly-who-sees-a-19k-bitcoin-top
https://www.cnbc.com/2020/11/24/bitcoins-on-track-to-74000-trader-says-as-crypto-nears-records.html
https://cointelegraph.com/news/no-debate-that-bitcoin-will-increase-20x-says-gold-industry-insider
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0K BITCOIN PRICE BY NEXT YEAR?! | BTC Sees Its 5th Largest Hourly Crash Ever
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The Bitcoin price performance since difficulty bottom chart shows the formation of a cup pattern peaking in spring 2021.
This BTC price prediction tool puts Bitcoin at an astonishing $400k by then.
Right on cue, analyst @100trillion USD, also known as PlanB, tweeted a chart.
Itâs based on a ratio of current price over bottom price ($3.7k â December 2018) against time and represented by mining difficulty.
The chart shows four distinct cycles, each beginning with low mining difficulty that corresponds with a low ratio of current price/bottom price. In each case, the ratio increases in line with mining difficulty until it peaks at around 120,000 â 140,000 blocks.
With this comes a dip in the ratio as mining difficulty gets increasingly hard. Current mining difficulty is at 80,000 blocks and based on the previous three cycles, there is room to grow up until the cup ceiling.
With that in mind, a ratio of 10, or 10 times the bottom ($3.7k), puts Bitcoin (BTC) at around $37k come halving time. Whatâs more, a climb towards the ceiling will see a ratio of around 100, or 100 times the bottom, putting Bitcoin at $370k by spring 2021.
BITCOIN SEES ITS FIFTH LARGEST HOURLY PRICE CRASH EVER
Bitcoinâs fifth largest hourly price drop in history happened today, according to data from Coin Metrics. In a shock brutal crash, BTC shed around $1,000 in value in less than one hour.
What does it mean?
âToday marks Bitcoinâs fifth largest hourly price drop in price history. A ~$1000 drop in under an hour. The only other time weâve seen a greater dollar price drop is at the Dec. 2017 peak.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:
Bitcoinâs hourly price change in % terms paints a much different picture.A 9.1% hourly drop ranks 122nd.
In 2013, the month of April alone saw Bitcoin drop >9% more than 20 times. pic.twitter.com/3V2dKd2ibI
â Yassine Elmandjra (@yassineARK) February 19, 2020
Today marks Bitcoin’s fifth largest hourly price drop in price history.A ~$1000 drop in under an hour. The only other time we’ve seen a greater dollar price drop is at the Dec. 2017 peak.
Data via @coinmetrics pic.twitter.com/5l0eOehKu4
â Yassine Elmandjra (@yassineARK) February 19, 2020
Bitcoin, while fundamentally is designed to go up over the ‘long’ term is currently being driven by derivative markets. Short term and mid term price trends caused by overleveraged traders can go any direction they want.
What can’t be faked, is the decade long bullish trend
â Jacob Canfield (@JacobCanfield) February 20, 2020
The Bitcoin halving is bigger than you know.
The daily global #Bitcoin demand will be higher than the daily release of #BTC; this was not the case in 2012 or 2016.
When the daily supply can’t fulfill the daily demand, we know what happens.
We’re in new territory #Crypto kidsđ
â BITCOIN âą XRP (@XRPjedi) February 18, 2020
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Bitcoin Facing One of the Best Setups in History With Bitcoin Facing One of the Best Setups in History With $1,000,000 Target | BTC Halving 2020 News,000,000 Target | BTC Halving 2020 News
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Raoul Pal of Global Macro Investor is breaking down the potential paths ahead for Bitcoin as the BTC halving approaches.
He says Bitcoin is currently in one of the best positions of any asset heâs ever seen, trading inside a âperfect wedgeâ that he believes is a precursor to a massive new bull run.
Palâs first depiction of the wedge using traditional charting techniques has the Bitcoin price targeting $40,000.
But when switching to a log price scale to get a long-term perspective, Pal says the BTC price is on a trajectory to $1 million.
Using linear regression channels, which highlight the upper, lower and middle portions of a trend or price move, Pal says BTC displays a move to $400,000 to $1 million.
He says his analysis aligns with Bitcoin predictions from the anonymous strategist PlanB. âWhatever plays out, after a key technical break like today, the probability of vastly higher prices has risen dramatically. And this is confirmed by the stock to flow models by PlanB and the breakout has happened almost exactly at the halvening.â
Pal also points to a rapid increase in money printing and struggling currencies in places like Venezuela and Argentina as a sign of whatâs to come.
âAdd to that the entire worldâs central banks are either seeing their currencies collapse to the almighty dollar (BRL, TRY, ARG, etc) or they are printing money like crazy. Huge quantitative easing fiat meets the hardest money that automatically quantitatively tightens. BTC wins.
This is the one of the best setups in any asset class Iâve ever witnessed⊠technical, fundamental, flow of funds and plumbing. All. Now. Again, to be clear, even if it has 90% odds, doesnât mean its definitely going to workâŠI can and will be wrongâŠoften and dramatically.â
Pal says he recently allocated 25% of his liquid net cash to Bitcoin, along with 25% to gold.
Heâs reserving another 25% for trading opportunities and plans to keep the last 25% in cash.
In other trending Bitcoin News today:
THESE 4 TRENDS SUGGEST BITCOIN WILL ROCKET HIGHER TOWARDS $15,000: FUNDSTRAT
Since the $3,700 lows, Bitcoin has roared higher, crossing above resistance after resistance in succession.Â
Just recently, BTC tapped $10,000.
Although impressive, top analyst Tom Lee expects for the cryptocurrency to head even higher, citing three âsolidâ tailwinds for this market.
âThereâs a confluence of four fundamental factors that indicate Bitcoinâs medium-term to long-term trend is shaping positive, analyst Thomas Lee has said. The co-founder of Fundstrat Global Advisors, a New York-based research firm, identified them as follows:
1 â Bitcoin is the best-performing âasset classâ in 2020, beating U.S. Treasuries and Gold amid a global recession. Treasuries are up 21% while the precious metal is up 13% â already much better performances than the S&P 500âs 10% drop, the 5% drop in emerging market corporate bonds, and the 20% drop in the Russell 2000 index.
2 â In a similar vein, BTC was the best-performing asset class of 2019, rallying 92% while the U.S. stock market gained around 20%.
3 â The block reward reduction, known as a âhalving,â is taking place in four days, estimates suggest.
4 â Paul Tudor Jones, one of the worldâs biggest macro investors, just announced his fund is taking a stake in Bitcoin futures. Jones believes the cryptocurrency will act as a hedge against inflation.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:
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