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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
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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://cointelegraph.com/news/guggenheim-cio-repeats-20k-bitcoin-price-forecast-as-btc-doubles-since-last-warning
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K BITCOIN PRICE TARGET âBEFOREâ GOING PARABOLIC!! RICH DAD AUTHOR ROBERT KIYOSAKI BULLISH ON BTC!
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Popular Cryptocurrency analyst CryptoBull says the Bitcoin price is heading to $33K by July âBEFOREâ the BTC price goes parabolic.
He shared the following bullish Bitcoin price prediction on Crypto Twitter to his 156.5K followersâŠ
âAlright⊠letâs stay realistic here⊠$33k by july⊠and then we go parabolicâ
The keyword here being âREALISTICâ which you have to respect.
Another popular Crypto analyst âLark Davisâ tweeted the following:
âQuick reminder that the price of Bitcoin went from $11,000 to $20,000 in 14 days back in 2017. This market is a powder keg!â
In other trending Bitcoin News today:
COVID-19 Vaccine Will Spark Bitcoin âCrashâ â Rich Dad Poor Dad Author
Bitcoin (BTC) will âcrashâ when the world finds a coronavirus vaccine that works, popular author Robert Kiyosaki claims.
In a tweet on Sep. 15, Kiyosaki, famous for his book, âRich Dad Poor Dad,â warned that a functional solution to Covid-19 would send safe-haven assets plummeting.
âWhat happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.â
Continuing, Kiyosaki argued that the virus was masking the ârealâ issues at stake for the United States economy in particular.
With $26.7 trillion in debt according to monitoring resource U.S. National Debt Clock, much of which appeared via stimulus measures since Covid-19 hit, the country is now âbankrupt.â
The argument in favor of long-term investment in Bitcoin has become more and more public since Marchâs cross-asset market crash.
Despite current strength, the U.S. dollar is broadly seen as being in a downward spiral which will only worsen thanks to Federal Reserve policies â also ostensibly intended to counter coronavirus fallout.
The U.S. dollar currency index has buoyed Bitcoin and gold in recent months, underscoring inverse correlation which remains a major consideration for traders.
On Wednesday, the Fed is set to deliver fresh comments on the future of its market participation, further raising the prospect of dollar volatility.
Another trend highlights increases in BTC/USD as the debt amassed by central banks worldwide ballooned this year.
Kiyosaki meanwhile remains an outspoken supporter of Bitcoin, whatever the weather.
In August, he urged Twitter followers to buy the cryptocurrency before a âmajor banking crisisâ appeared.
Dollar weakness and Fed meddling in the economy likewise formed the impetus behind his advice.
Warren Buffett exiting U.S. banking investments and buying gold was another alarm bell for the author.
âWhatâs Warren Buffet doing? Warren Buffett has a huge cash position, heâs recently moved into gold stock, which is a very different kind of investment than heâs used to making over the past decades, and as of this week heâs now got a big position in Japanese stocks,â RT host Max Keiser, who often presents similar conclusions about the economy, continued in an interview this weekend. âHeâs getting out of the dollar; I think thatâs pretty clear. That should be a red flag to folks out there â that one of the worldâs most successful investors is getting out of the dollar.â
Also in August, Keiser forecast that Bitcoin would hit a new all-time high in the near future as the current economic situation plays out.
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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:
% of world using the Internet in 1995 = 0.5%% of world using the Internet in 2020 = 60%% of world using Bitcoin in 2020 = 0.5%â°â°
What do you think the price will be when 60% of the population is using Bitcoin?
â Dan Held (@danheld) September 18, 2020
What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.
â therealkiyosaki (@theRealKiyosaki) September 15, 2020
UNEMPLOYED BANKERS. Did Buffet dumping BIG BANKs signal end of banks? Is crypto US dollar next? Will crypto US $ mean more loss of freedom & privacy? More Orwellâs 1984 BIG BROTHER? Will Fed replace bankers? Is Fed Big Brother? More reasons to buy gold silver Bitcoin now.
â therealkiyosaki (@theRealKiyosaki) September 17, 2020
https://cointelegraph.com/news/covid-19-vaccine-will-spark-bitcoin-crash-rich-dad-poor-dad-author
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FUTURES-BASED BITCOIN ETF HAS â75% CHANCE OF APPROVALâ IN OCTOBER, SAYS BLOOMBERG SENIOR ETF ANALYST
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A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month â in some form.
In comments this weekend, Eric Balchunas, senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were âlikely on scheduleâ for the regulatory green light.
âYes, the SEC has kicked can on bitcoin ETF approval BUT that is for the physically-backed ones under â33 Act. The futures ETFs filed under the â40 Act (which Genz loves) are very much alive and likely on schedule (we think 75% chance approved in Oct).â
In other trending Bitcoin News today: The Analyst That Nailed Aug and Sep Bitcoin Closing Price Predicts BTC at $63K in October.
PlanBâs BTC predictions for August and September were spot on and his October closing price sees bitcoin tapping $63,000.
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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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BITCOIN PRICE MAY JUST HIT ,000 IN 20 DAYS | 4 Signs Show BTC Bull Rally is Growing More Likely
âĄïžÂ TEEKA TIWARI â The Investment of the Decade: http://2020.cryptonewsalerts.net
âBitcoin (BTC) may hit $20,000 any timeâ
Many have been expecting the Bitcoin price to go through the roof at any moment due to the recent global economic crisis caused by the COVID-19 outbreak in Chinaâs Wuhan.
Lockdowns emerged in the majority of countries in Europe, China and the US, prompting governments to take steps to stimulate the economy via quantitative easing to support businesses and ordinary citizens.
All of that led to an oil price collapse below zero on Monday.
In these conditions, bullish expectations towards the approaching Bitcoin halving have increased.
Trader Carl Eric Martin, also known as the Moon Carl, has tweeted his rising bullish take on the prospects of the Bitcoin price in the current economic chaos that has been spreading around the world.
The situation is unpredictable for any assets now. As an example, he refers to the crude oil futures price suddenly dropping below zero.
The trader believes that with the approaching halving, Bitcoin could easily surge to $20,000 in one week.
Trader and analyst Christopher Jaszczynski seconds his forecast, emphasizing that $20,000 is a realistic price for Bitcoin to reach in the current fundamental setup.
âIf i asked you 1 week ago what is most likely: Oil going into negative price in 1 week? Or Bitcoin going to $20,000 in 1 week? Everything is possible in times like these. Be prepared for anything after the Bitcoin halving in 20 days!â
Earlier, the same trader took to Twitter to share a textbook Bump and Run Reversal Bottom pattern for Bitcoin, which would allow it to hit $10,500 soon.
Gabor Gurbacs, the digital currency strategist at VanEck, has shared his growing bullish attitude towards BTC.
He says that despite the fact that a few weeks ago financial markets did not take Bitcoin seriously, under the current impact of the pandemic, fragile economy and oil price, Bitcoin seems to be making âmore sense than most markets.â
âA few weeks ago financial markets kept dismissing Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, Bitcoin seems to make more sense than most markets.â
Touching on the subject of millions of people losing their jobs in the US alone, Gurbacs states that Bitcoin is capable of helping people solve this problem as well. In other trending Bitcoin news today:
THESE 4 FUNDAMENTAL SIGNS SHOW A BITCOIN BULL RALLY IS GROWING MORE LIKELY
As observed by crypto exchange ShakePay, despite âthe most significant economic collapse of the 21st century,â Bitcoin hasnât been fazed.
Per Coin Metrics, the number of active addresses on the network is reaching a multi-month high, recently surmounting the sum of 840,000 addresses.
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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:
If i asked you 1 week ago what is most likely:Oil going into negative price in 1 week?Or Bitcoin going to $20,000 in 1 week?
Everything is possible in times like these. Be prepared for anything after the #Bitcoin halving in 20 days!
â The Moon (@TheMoonCarl) April 22, 2020
OIL KEEPS FALLING!!JUNE CONTRACTS DOWN 47% and trending straight to sub $0 levels againNegative rates, negative oil, negative yield â the economy has gone mad!! Everything is inverted
Luckily we have Plan B â #Bitcoin đ
â Ivan on Tech (@IvanOnTech) April 21, 2020
A few weeks ago financial markets kept dismissing #Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, #Bitcoin seems to make more sense than most markets.
â Gabor Gurbacs (@gaborgurbacs) April 21, 2020
Active Bitcoin addresses are looking like a đđđ this week.
Not only is the Bitcoin network growing, it’s growing amidst the most significant economic collapse of the 21st century. pic.twitter.com/PkEVVSdyqw
â Shakepay â Buy/Sell Bitcoin đšđŠ (@shakepay) April 21, 2020
These 4 Fundamental Signs Show a Bitcoin Bull Rally is Growing More Likely
https://u.today/bitcoin-btc-may-just-hit-20000-in-20-days-be-prepared-for-anything
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