đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
The chief investment officer of investment giant Guggenheim has repeated his warning that Bitcoin (BTC) will crash to $20,000.Â
In an interview with CNBC on April 20, Scott Minerd warned again that Bitcoin could lose half of its value in a pullback, however, his longer-term forecast of $400,000 per Bitcoin still stands.
In other trending Bitcoin News today:
Bitcoin Dominance Drops Below 50% For The First Time In 3 Years
The move came as Bitcoin was about to lose its market cap dominance supremacy to altcoins in what traditionally marks the ârealâ start of the âalt season.â
đ„ Daily Letter: http://letter.cryptonewsalerts.netââââââ
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
https://cointelegraph.com/news/guggenheim-cio-repeats-20k-bitcoin-price-forecast-as-btc-doubles-since-last-warning
You Might also like
-
MAX KEISER SAYS BITCOIN WILL ROCKET TO #post_titleM AS BIG INSTITUTIONS BUY BTC DIRECTLY FROM MINERS!!
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
The Bitcoin price will rise exponentially until âitâll get almost impossible to buy BTC as price rockets higherâ Max Keiser has announced.
Speaking to Express.co.uk, RT host of the Keiser Report, Max Keiser said:Â
âThe 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.Â
This is why I think institutions that are buying Bitcoin will do so directly from miners and the public wonât have a chance to buy any. The public will be shut out as the price rockets to $1,000,000 per BTC.â
âMeanwhile, 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.â
Studying the daily demand for Bitcoin from the worldâs major exchanges, the current estimated average daily demand far outweighs the daily supply created by mining bitcoin.
The daily demand on exchanges amounts to 2,600 BTC, whereas the supply from mining is only 900 Bitcoin.
Of this disparity, Max Keiser said: âThis is amazing, the daily demand from these four is 2,600 Bitcoin, but the daily supply from mining is only 900 Bitcoins.â
This Bitcoin prediction of an escalating price was also echoed by Dan Morehead, the CEO of Pantera Capital, who said:Â
âThe first investment firm in the US to launch a digital currency, pre-auction ICO, and blockchain-enabled venture funds.Â
PayPal and CashApp already buying more than 100 percent of all newly-issued bitcoins. PayPal alone likely buying all within weeks. Where would Cash App get theirs? Thatâs where the finite-supply, inelasticity part comes in, at a higher price.â
Bitcoin expert Dan Held gave a list of the financial institutions âand trading legendsâ that recognize Bitcoin is the new gold.
Mr Held tweeted the following names and institutions, âFidelity, JP Morgan, Bloomberg, Deutsche Bank, Citibank, Jeffries, Blackrock, Susquehanna, Jump Trading, Paul Tutor Jones and Stanley Druckenmillerâ.
A follower of Mr Held tweeted: âBitcoin will divide people into two groups. In those who have it and those who want it.â
In other trending Bitcoin News today:
âBlackRock Chief Investment Officer Says Bitcoin Will Overtake $10 Trillion Gold As Primary Store of Valueâ
Rick Rieder, chief investment officer of global fixed income at investment management corporation BlackRock, says he believes Bitcoin will surpass gold as the primary store of value.
In a CNBC Squawk Box interview, Rieder explains why he believes Bitcoin and cryptocurrency at large arenât going anywhere.
âI think cryptocurrency is here to stay and I think it is durable and youâve seen the central banks that have talked about digital currencies. I think digital currency and the receptivity, particularly millennialsâ receptivity to technology and cryptocurrency is real. Digital payments systems is real so I think Bitcoin is here to stay.â
The BlackRock executive highlights why he believes Bitcoin will overtake gold as the go-to store-of-wealth asset.
âDo I think it will take the place of gold to a large extent? Yeah, I do because itâs so much more functional then passing a bar of gold around.â
While Rieder sees a rosy future for the largest cryptocurrency, he admits that he does not include much BTC in his corporate and business portfolios.Â
Also, the BlackRock CIO says heâs unsure whether Bitcoin is worth the price it is trading at today, which is around $18,770.
Rieder is the latest high-profile Wall Street figure to see the potential of Bitcoin. Earlier this month, billionaire investor Stanley Druckenmiller revealed he owns Bitcoin and said that the flagship cryptocurrency has more upside potential than gold.
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
Current #bitcoin price action is nice, but we are waiting for a real jump (like the red arrows early 2013 and 2017). IMO that will be the start of the real bull market, and indeed phase5. January 2021? pic.twitter.com/orzwdCOcvP
â PlanB (@100trillionUSD) November 22, 2020
Post Views: 345 -
BITCOIN COULD SOAR TO 0K BY END OF 2021 AS DEMAND RAPIDLY EXCEEDS SUPPLY SAYS ANTHONY POMPLIANO!!
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
Bitcoin could surge to $100,000 by the end of 2021, according to the crypto investor Anthony Pompliano.Â
BTC traded as high as $19,389 on Wednesday and is nearing its all-time high, reached in 2017.
Pomp, a cofounder of Morgan Creek Digital, told CNBC on Wednesday that demand for Bitcoin was rapidly outpacing supply, especially after its âhalvingâ in May, when the number of Bitcoins awarded to miners was cut in half.Â
This occurs roughly every four years and serves to limit the supply of BTC coming into the market.Â
Bitcoin is âthe winner of a supply-and-demand exercise,â Pompliano said.
Pomp added that the macroeconomic environment right now was ârocket fuelâ for Bitcoin.Â
Low interest rates, money printing, and the Federal Reserveâs average inflation target of 2% have driven retail and institutional investors into BTC, he said.
The investor also said that Janet Yellen, President-elect Joe Bidenâs pick for treasury secretary, was ânotoriousâ for tolerating higher levels of inflation and that this could also push the BTC price higher.
âI donât think itâs that crazy to see a $100,000 Bitcoin price by the end of 2021,â Pompliano said.Â
âAnd if we continue to get bigger and bigger buyers ⊠if this kind of tips over and all of the sudden it becomes kind of a consensus trade, it wouldnât surprise me to see something even higher than $100,000.â
Bitcoin has surged by roughly 160% this year as more major investors and institutions acknowledge the cryptocurrencyâs legitimacy as a store of value.Â
The billionaire hedge-fund manager Stanley Druckenmiller told CNBC earlier this month that he owned a âtiny bitâ of bitcoin as a hedge against inflationary pressure, while the venture capitalist Chamath Palihapitiya said in February that every citizen should hold 1% of their assets in bitcoin because itâs a âfantastic hedge.â
Despite his bullish view, Pompliano shared two potential risks he sees for Bitcoin.
âThe first thingâs a self-inflicted wound, right, if thereâs a bug introduced into the code or something like that,â he said. âThe second thing would be some sort of geopolitical risk where we saw a really aggressive coordinated kind of action by multiple nation-states.
âBut again, I think that those things are very low probability of occurring, so it doesnât really kind of seem like thatâs going to happen in the short term.â
In other trending Bitcoin News today:
How Massive Liquidations Caused Bitcoin to Plummet 16% in 24 Hours
Bitcoin fell by a whopping 16% to $16,334 on Nov. 26 since achieving its peak at $19,484 the previous day. Data suggests that cascading liquidations were the driving force of the massive correction.
Prior to the pullback, the open interest of the Bitcoin futures market hit a new record high. The derivatives market was also overheated with buyers, causing the market to sway to one side.
The combination of two factors triggered a rapid BTC price drop alongside a spike in futures trading volume.
Over a billion dollars worth of futures contracts were liquidated, similar to the March 12 crash. The Chicago Mercantile Exchange, for example, saw $1.8 billion in volume â its highest ever, according to Skew.
As the price of Bitcoin started to drop, inflows into exchanges spiked. This indicates that whales, or high-net-worth investors, were selling heavily on major exchanges, including Coinbase.
Ki Young Ju, the CEO of CryptoQuant, pointed out that the All Exchanges Inflow Mean indicator was showing the selling pressuring coming from whales.
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I’m concerned that this would have unintended side effects, and wanted to share those concerns.
â Brian Armstrong (@brian_armstrong) November 25, 2020
Bitcoin Falls as Mnuchin [Reportedly] Plans to Regulate Private Wallets
https://cointelegraph.com/news/how-massive-liquidations-caused-bitcoin-to-plummet-16-in-24-hours
Post Views: 328 -
BITCOIN BREAKOUT IMMINENT!! MAX KEISER SAYS HEâS TRYING TO STAGE NEW BTC ALL-TIME HIGH BY FRIDAY!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
With range-bound movements for the past ten days or so, Bitcoin is readying for another BIG leg up or down. The chart patterns are showing a pennant formation that will eventually come to a conclusion resulting in a larger move.Â
Macroeconomics analyst and long-term BTC investor Madelon Vos commented that a huge breakout is very plausible. âCombined with positive divergence on RSI and a symmetrical triangle having a possible breakout of $10.000⊠a very plausible scenario. We could end up around $48 or $25k the next couple of weeks.â
In other trending Bitcoin News today: BTC bull Max Keiser, RT host of the Keiser Report and Orange Pill Podcast just made another bold prediction that the Bitcoin price will climb $25,000+ in the next 24 hours: âIâm trying to stage a new Bitcoin ATH the moment I step on stage Friday atÂ
The Bitcoin Conference.â
Max also says that, âCentral banks have lost control. It was inevitable. You canât print forever. All fiat money has been in a hyperinflationary collapse against Bitcoin for years. BTC is the pin, not the bubble.â
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
https://cryptopotato.com/bitcoin-breakout-imminent-chart-patterns-suggest-institutional-buying/
Post Views: 423