APPLE SET TO ANNOUNCE $2.5 BILLION BITCOIN PURCHASE ON MONDAY?!! OPTIONS TRADERS AIM FOR $100K BTC!!

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Bold Profits Daily guru, Ian Dyer, doesn’t think the Bitcoin price will just hit $100,000, he thinks is will soar past it!

Ian believes the BTC price can go to $115,000 by next August. That means Bitcoin could soar 995% in less than a year.

Talk about a fast, HUGE return!

The bullish Bitcoin prediction is right in alignment with the infamous Stock-to-Flow model which suggest a $100,000 BTC price by August, 2021.

“We’re telling you how you can benefit from the rise of Bitcoin as it disrupts the global financial system. Our prediction stands: The Dow and Bitcoin will hit 100K in America 2.0.”

THE 995% RETURN YOU DON’T WANT TO MISS!

“You know we’re extremely bullish, optimistic and positive on Bitcoin. The reasons it could surge in just a short time stem from Paul’s GoingUpness strategy.”

“Since March, the number of Bitcoin stored on a crypto exchange is decreasing, which adds to Bitcoin’s ScarceAbility: At the same time, the Bitcoin price has risen more than 150% from its March low. Plus, demand for BTC has continued to increase.”

“Last month the first publicly-traded company announced that it used $400 million of its cash to purchase about 38,000 bitcoins. This is incredibly bullish. Corporations are starting to see its value which is another sign of demand.”

In other trending Bitcoin News today:

Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days

The Grayscale Bitcoin Trust (GBTC) is a very popular investment vehicle and in 2020 the trust has obtained a massive amount of BTC.

Today, GBTC has $4.7 billion assets under management (AUM), according to data provided by bybt.com.

Grayscale’s bitcoin position is also displayed on the company website as well for transparency purposes.

Since the Grayscale Bitcoin Trust inception date on September 25, 2013, there are 471,022,700 shares outstanding and each share is worth 0.00095519 BTC per share.

This week, digital currency proponents noticed that Grayscale scooped up around 17,100 BTC or $182 million using today’s exchange rates.

Bybt.com’s data shows the trust obtained the bitcoin stash during the last seven days and GBTC’s aggregate bitcoin position is now 449,900 BTC.

Bitcoin (BTC) markets have done well in recent days and dominance is nearing 60% again.

The cryptocurrency’s percentage change versus USD during the last year is up 29% and during the last 90-days, BTC has gained over 16%.

With 449,900 BTC held, Grayscale’s Bitcoin Trust has 2.14% of the entire 21 million BTC supply.

As far as coins in circulation, BTC just passed the milestone of 18,500,000 in circulation.

This means GBTC’s purse represents 2.43% out of the BTC currently in circulation.

No one knows exactly how Grayscale acquired the 17,100 BTC, but Microstrategy’s CEO Michael Saylor explained the efforts his company took to purchase the 16k BTC Microstrategy recently purchased.

“To acquire 16,796 BTC, we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each [three] seconds,” Saylor said. “~$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward spike,”

Saylor added. A number of BTC proponents also believe that companies like Microstrategy and Grayscale’s Bitcoin Trust snatching up vast amounts of BTC is bullish for investors.

CEO of UK bitcoin exchange Coincorner, Danny Scott, tweeted on Sunday that BTC’s “foundations are getting stronger by the day.” “62 days of Bitcoin ending above $10,000,” Scott tweeted. “Previous was 61 from 1st Dec 2017.”

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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: No. 1 In Race to 100K?

https://news.bitcoin.com/grayscale-investments-scooped-up-over-17000-btc-in-the-last-seven-days/

https://cointelegraph.com/news/only-25-million-bitcoin-left-to-mine

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Bloomberg Intelligence commodity strategist Mike McGlone says the Bitcoin price could be en route to $100,000, but BTC investors will have to wait.

In a new edition of the Bloomberg Crypto Outlook, McGlone says that Bitcoin is on track to breach key resistance at $14,000 as indicators show that investors are flocking into the number one cryptocurrency.

“Our chart depicts the market cap of the Grayscale Bitcoin Trust (GBTC) approaching Bitcoin equivalent holdings of 500,000. A year ago, this direct indicator of investor demand held less than half that amount. Inflows in GBTC, the largest exchange traded product, absorbed about 70% of new Bitcoin supply in 3Q, we calculate.

Also featured in our graphic is the 30-day average of Bitcoin active addresses from Coinmetrics. This strong price companion points to the crypto closer to $15,000 vs. about $10,500 on Oct. 2. Addresses plunged with prices in 2018 and were a leading indicator of the Bitcoin recovery in 2019.”

McGlone also highlights Bitcoin’s unique property in that price does not influence supply, which leaves adoption as the number one metric to measure value.

According to McGlone, Bitcoin’s valuation will rise on the back of rising adoption rates, and BTC’s historical price history suggests $100,000 could happen by 2025.

“Still in hangover mode from the 2017 rally, we don’t know what specific catalyst might launch Bitcoin to new highs, but demand vs. supply metrics remain price-positive. If the crypto echoes its past gains, with some maturation, about double the time period it took to add a zero to $1,000 could get its price to $100,000 in 2025.”

In addition, the Bloomberg Intelligence strategist says that the current macroeconomic landscape should serve as a tailwind for Bitcoin’s ascent.

“In an unparalleled macroeconomic backdrop of rapidly increasing fiscal and monetary stimulus, limited supply stores of value such as gold and Bitcoin stand to prevail, in our view. This should be true when traditional asset classes – stocks and bonds – are overextended.”

In other trending Bitcoin News today:

Bitcoin Pioneer Adam Back Predicts $50,000 BTC Price By 2022 Or Sooner

Bitcoin (BTC) hitting a $1 trillion market cap by 2025 is “conservative,” and those levels should hit in less than two years.

That was according to Blockstream CEO Adam Back, who delivered a fresh bullish BTC price outlook on Monday.

Back was responding to a report by Yassine Elmandjra, a crypto-asset analyst at investment advisor Ark, who in September forecast a Bitcoin market cap of $1 trillion to $5 trillion by 2030 at the latest.

Ark is well known for its enthusiastic price forecasts for Tesla stock, which saw an almost unbelievable rise in 2020.

“Conservative. I’d say bitcoin likely sees $1 trillion market cap within 2 years, probably sooner. $1 trillion is about BTC $50k,” he said.

As of October, Bitcoin’s market cap is just over $198 billion.

For Back’s prognosis to come true, the market would need to see a 400% increase by 2022.

For reference, at the start of October two years ago in 2018, the figure stood at $114 billion.

BTC/USD traded at $6,600, two months before the pit of its bear market which bottomed out at $3,100.

Further responses to Ark included on-chain data resource Ecoinometrics, which highlighted a $2 trillion Bitcoin market cap as equal to that of Apple.

BTC/USD would trade at $100,000 under such circumstances, while to equal gold, the pair would need to reach $500,000.

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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:

For context a $2 trillion market cap for #Bitcoin would put one BTC at $100,000.That’s also the same market cap as Apple.To reach the market cap of gold, one BTC would be worth about $500,000.

There is plenty of upside to come. pic.twitter.com/L1yDnaCWdg

— ecoinometrics (@ecoinometrics) October 5, 2020

https://assets.bbhub.io/professional/sites/10/Bloomberg-Indices-Outlook_Cryptos_Oct-2020.pdf

https://dailyhodl.com/2020/10/06/top-commodity-strategist-says-bitcoin-aiming-for-100000-but-it-wont-happen-anytime-soon/

https://cointelegraph.com/news/bitcoin-pioneer-predicts-1t-btc-market-cap-by-2022-or-sooner

https://cointelegraph.com/news/bitcoin-whale-clusters-pinpoint-critical-levels-btc-must-hold-to-rally

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

New research defends “Bitcoin Supercycle” as BTC itself is not as weak as price suggests, as fundamentals confirm.

“Regardless on your risk appetite, strategizing now is key, so as not to miss the next wave in this current Bitcoin supercycle,” Stack Funds concluded in its latest report released Thursday.

SkyBridge Capital’s co-chief investment officer Troy Gayeski predicts that Bitcoin will go through a supply-side crisis similar to what happened last year when BTC kicked off its bull market.

Gayeski tells Bloomberg in a new interview that he’s seeing on-chain signals indicating that a certain group of buyers are back, and they are scooping up BTC for the long haul.

In other trending Bitcoin News today: Top Crypto Analyst Predicts 80% Ethereum Surge, Says Bull Market Definitely Not Over!

A closely-followed analyst and trader is predicting a massive rally for Ethereum amid the prevailing bearish sentiment in the crypto markets.

The pseudonymous analyst known as Credible Crypto tells his 223,500 followers that Ethereum is poised for a strong surge that can potentially take the leading smart contract platform above $3,400.

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Trezor: ► http://trezor.cryptonewsalerts.net

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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:

BREAKING: Saquon Barkley has announced on The Best Business Show that he is taking 100% of his endorsement money in Bitcoin going forward.That’s more than $10 million annually.

What a legend. pic.twitter.com/6gpQBewgMv

— Joe Pompliano (@JoePompliano) July 14, 2021

https://cointelegraph.com/news/nfl-s-saquon-barkley-converting-endorsements-to-btc-to-create-generational-wealth

https://cointelegraph.com/news/new-data-hints-why-bitcoin-price-action-has-spent-two-months-at-30k