BITCOIN TO TOP $90K AND ETHEREUM SKYROCKET TO $15K IF HISTORY REPEATS SAYS NEW CRYPTO KRAKEN REPORT!

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Bitcoin Bull Max Keiser Believes Shareholders Will Demand Corporations to Grab BTC Following Microstrategy’s $425M Acquisition.

Keiser stated that now shareholders of other big companies and corporations are going to demand to convert their cash reserves into Bitcoin as Tahini’s pro-Bitcoin restaurant chain has already begun to do.

The Nasdaq-traded business software producer Microstrategy amazed the crypto community by placing more if its cash into Bitcoin.

Back then, its CEO Michael Saylor tweeted that the company had acquired 16,796 Bitcoin for $175,000,000.

That was the second purchase of BTC by this company.

The first acquisition took place on Aug. 11, when Microstrategy acquired 21,454 BTC for a whopping $250,000,000, making headlines in crypto and mainstream media.

Bitcoin proponent Max Keiser tweeted that now shareholders will demand that corporations start acquiring Bitcoin with their spare cash.

$MSTR declares war on the Fed, Who will join them? *Every* CFO/CEO, per statues of corporate governance, is now obligated to examine their own “melting ice cube” Shareholders will now *DEMAND* they deploy idle cash to Bitcoin. Michael Saylor is a board room revolutionary”

He was, in fact, commenting on a tweet thread posted by the Canadian restaurant chain Tahini’s, which has recently converted all of its cash reserves to Bitcoin.

On Aug. 19, the Tahini’s franchise acquired BTC using all of its spare cash reserves down to the last dollar.

The CEO Omar Hamam tweeted that, despite difficulties after the lockdown and many of his staffers deciding not to go back to work (as they received stimulus checks), he decided that the stimulus cash he received from the government would no longer be a secure investment.

So he started educating himself on blockchain and Bitcoin and then decided to convert all of his company’s cash reserves in BTC.

In other trending Bitcoin News today:

MicroStrategy CEO Says ‘Bitcoin Scales Just Fine As Store Of Value’

Bitcoin (BTC) as a store of value “scales just fine,” the CEO of the company that just purchased 38,250 BTC has said.

In a tweet on Sep. 17, Michael Saylor revealed more information about MicroStrategy’s dramatic launch into Bitcoin.

“We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions. Bitcoin scales just fine as a store of value.”

Continuing, Saylor described a status quo where on-chain transactions for major investors will remain a rarity:

“If Bitcoin is treated as a treasury reserve asset, based on our model, 99.98% of all transactions will be off-chain, and assets-at-risk will be in cold storage 99.92% of the time.”

Off-chain transactions via solutions such as the Lightning Network allow Bitcoin transaction volume to increase without adding volume to the blockchain and raising fees to appeal to miners.

In his popular book, The Bitcoin Standard, Saifedean Ammous likewise argues that off-chain activity will become the norm once Bitcoin gains a much larger user base.

That could happen sooner rather than later.

Following the Pompliano interview, statistician Willy Woo picked up on Saylor highlighting the world’s 35,000 publicly traded companies that have spare cash reserves of $5 trillion.

“I make out if others follow MicroStrategy’s lead and even just 1% of that capital finds its way into BTC, that’s enough to blow Bitcoin cap to $2T,” he tweeted.

Woo added that given MicroStrategy took six months to approve its shift to Bitcoin, any copycat moves would begin to surface in 2021.

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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:

Some takeaways from @APompliano‘s interview with @michael_saylor, CEO of MicroStrategy, after their 38,250 BTC buy ($425m).Plot goes: “I’m a good thinker and a large financial player, this what I found researching Bitcoin coming from outside of the industry”Read on…

👇

— Willy Woo (@woonomic) September 18, 2020

Why did $425M MSTR buy not move #bitcoin price up? Because they bought carefully, thousands of small incognito algo orders over a period of weeks. Key thing: $425M is transferred from weak hands (shitcoiners, traders, noobs) to strong hands (hodl): reducing future sell pressure🚀 pic.twitter.com/bBJsAFj6iy

— PlanB (@100trillionUSD) September 17, 2020

What are the odds … that other cash-rich companies like Google, Apple, Microsoft will not get serious questions about #bitcoin at the next shareholder meeting, or even get sued for breaching their fiduciary obligation for not buying bitcoin and letting all that cash melt away? pic.twitter.com/QY1C0NbMjG

— PlanB (@100trillionUSD) September 17, 2020

Technicals Suggest Bitcoin Looks Ready For Another Leg Higher Over $11K

https://u.today/max-keiser-believes-shareholders-will-demand-corporations-to-grab-bitcoin-following-microstrategys

https://cointelegraph.com/news/microstrategy-ceo-says-bitcoin-scales-just-fine-as-store-of-value

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With the Bitcoin price crossing $10,000 for the first time this year, Crypto trader and strategist Joe Saz says we are now firmly in the disbelief phase of a new long-term Bitcoin (BTC) bull market, with market participants struggling to wake up and believe the bear market is actually over.

“I’ve been talking about Bitcoin having been in a disbelief run or phase of the bull market, and I think that’s still happening right now.”

In a new interview with BlockTV, Saz talks about how high he thinks the BTC price can go in this current bull run.

“My intense bullish projection is around $300,000 Bitcoin until this market bubble bursts. So I think we’re going to have another bubble, probably in two to three years from now. I think Bitcoin is going to break six figures by far, and $300,000 is my estimation, probably more like the mid $300Ks. But I think this is the bull run that takes us to those beautiful numbers.”

However, the trader says it won’t be a straight shot to the moon. Saz believes there will be a 30% to 40% pullback before the halving or at the time of the halving.

“It could happen as early as April. We do have tax season so who knows there could be a lot more upward pressure on the price through tax season as we’re entering that proximity and closing that distance to the halvening…

$14,500 is my low target by April. At this point, it’s looking like a low target. But overall, I think we have a couple of pullbacks along the way but I believe this is the bull market that’s going to take us to six figures.”

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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 Starts Vertical Rally To $11.5K and $12K: Uptrend Isn’t Over Yet

Here’s Why Bitcoin Price Could Explode 100% and Hit $20,000 by May

https://www.tradingview.com/chart/XBTUSD/Noakp7n5-Why-I-believe-Bitcoin-will-retest-All-Time-Highs-by-July-1-2020/

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Few have called the Bitcoin price action as well as Dave the Wave has over the past few months; in the middle of last year, the analyst predicted a retracement to $6,400 when the BTC price was rallying above $10,000, and more recently, he called for a retracement from $11,000 to $8,500.

Now, he’s starting to lean bullish once again.

In an analyst published Sunday, the trader suggested that Bitcoin (BTC) is in the midst of “turbulence before take-off,” pointing to a chart that shows the current price action in the crypto market is reminiscent to that of late-2016, just months before Bitcoin began its rally from $800 to $20,000 in a year’s time.

Where Will the Rally Take Bitcoin? Although Dave the Wave did not mention his long-term targets in that tweet, he has suggested previously that the cryptocurrency could be on the verge of a 1,000% rally.

The analyst suggested that the cryptocurrency is still on a clear trajectory to enter a six-digit price point in the coming two to three years.

Dave backed this prediction by pointing out that Bitcoin is on the verge of finishing a fractal correction and is about to break past of a long-term descending trendline, which marked the two swing tops over the past two years.

A move past the trendline, which will soon line up with the long-term buying zone for Bitcoin, is likely to kick off a rally to $100,000, the trader suggested.

This lofty prediction can be backed up by the famous stock-to-flow model from PlanB, a pseudonymous quantitative analyst working for a European institution.

The model equates Bitcoin’s scarcity (inflation rate) to its market capitalization, suggesting the after the May 2020 block reward halving, BTC will have a fair price of around $55,000 to $100,000. 

BITCOIN STILL ON TRACK FOR MASSIVE GAINS AFTER HALVING

Bitcoin has spent the weekend consolidating in the mid-$8k zone following a week of sharp declines through several levels of support.

The stock to flow model is still holding course though which means big gains could be ahead after the halving. Bitcoin has corrected around 20% from its 2020 peak to yesterday’s low of just over $8,400.

It has held in the mid-$8k range for a couple of days low leading analysts to believe that the bottom could be in.

With just 70 days to go to the halving, analyst ‘PlanB’ has revisited his stock to flow model noting that things are right on track with it.

The stock to flow (S2F) model examines the relationship between the production of supply and the current stock available.

Using this model, the analyst has predicted a rise to around $80-$100k in the months following the halving.

Previous events in 2012 and 2016 saw huge rallies in the years that followed and many are expecting that 2021 could be even bigger for Bitcoin than this year.

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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:

Very long term i can see how fancy math can explain price. But fancy math can never explain short term price movement imo. So monthly predicitions really ?

— Liam Janssens (@LiamJanssens) March 1, 2020

$BTC Hash Ribbons ain’t looking so good as halving is approaching.Mining cost right now at~ $7700.Bitcoin should rally to over $15000 in the before Halving if Miners wants to feed their family.

Pump it for the Miners and their family. pic.twitter.com/3ohIlbqfmX

— Anondran (@AnondranCrypto) February 29, 2020

You don’t think Coronavirus will affect this?

— ₿rucewayne (@HouseSt12782619) March 1, 2020

For those getting stuck or confused on the shorter term call, here’s my view going forward. If you’re a holder/ investor, ignore the short term calls and focus on the medium/ long term.

Main point being, a consolidation to the buy zone would set BTC up nicely for its run. pic.twitter.com/AC2gv5VrGI

— dave the wave (@davthewave) February 16, 2020

Bitcoin Still on Track For Massive Gains After Halving

https://cointelegraph.com/news/bitcoin-price-avoids-82k-to-mirror-stock-to-flow-creators-forecast