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Bitcoin O.G. Max Keiser has said that the Bank of England (BoE) will scramble to buy Bitcoin before the digital asset trades at $1 million per BTC.
The host of the Keiser Report and Orange Pill Pod, Max Keiser responded to the Bank of Englandâs deputy governorâs recent warning about cryptocurrencies in a statement to Express.co.uk.
âBitcoin is designed to trigger a meltdown of the current fiat money banking system. This is a mathematically guaranteed outcome.
The bargaining phase will be their central bank digital currency stage and when that fails comes depression as the price tops $500,000 and then acceptance with the Bank of England scrambling to buy Bitcoin before it tops $ 1million per coin.â
In other trending Bitcoin News today: Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF!
On Oct. 17, Barry Silbert, the CEO of Grayscaleâs parent company Digital Currency Group, hinted that Grayscale is making plans to convert its Bitcoin Trust into a spot-settled Bitcoin fund.
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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/all-time-high-weekly-close-5-things-to-watch-in-bitcoin-this-week
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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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BITCOIN CRASH TO .4K SOON?! | BTC Price Holding .5K as Media Calls New âBull Marketâ in Stocks
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DARING ANALYST CALLS BITCOIN CRASH TO $2.4K SOON
With market data showing a range of conflicting signals, one analyst has now made a bold prediction that the BTC price will soon see its largest collapse in over a year.
Whereas investors should consider all possibilities, such a bold assumption is certain to be controversial.
This claim of a possible major drop comes from The Moon who has tweeted: âPossible Bitcoin bear flag on the 4-hour chart. The target will be approximately $2,400 if the bear flag support breaks.â
He bases his argument on the four hour price chart, which clearly indicates a bear flag, yet does not necessarily coincide with other timelines. It is worth noting, however, that The Moon also successfully predicted the Bitcoin price drop which took place on March 12th.
Given the heightened volatility over the past few weeks, Bitcoin (BTC) analysts have come out with a range of predictions. It is thus difficult to know which data is most telling of the marketâs next moves.
The most basic indicators signal continued price swings in the short term, yet a stronger recovery over the next few weeks.
Many conclusions can be reached using chart data alone, which is why other market considerations should be examined when making BTC price predictions.
There are presently no shortage of larger indicators that analysts have been using to emphasize Bitcoinâs remarkable potential for big gains.
These include the impending block reward halving, a significant increase in overall blockchain activity, and an increasing interest in using Bitcoin as a financial safe haven.
Bitcoin continued to trade near $7,000 on March 27 after traditional markets showed bullish signs and the Dow Jones had its best day in 87 years.
Having preserved support at the lower end, Bitcoin saw its third consecutive day above $6,000 as coronavirus misery appeared to abate for some parts of the worldâs financial system.
They were building on the success of the Dow, which on Wednesday saw its biggest one-day growth since 1933 at 20%.
For the Wall Street Journal, this was even enough to call a bull market.
That, in turn, followed an announcement from the United States Federal Reserve to print unlimited amounts of money, something which immediately pumped markets but rattled Bitcoin proponents.
While Bitcoin continued to fluctuate, data suggested that traders were not in the mood to sell â according to monitoring resource Glassnode, exchange balances were at an eight-month low as of Thursday.
âDespite the volatility, Bitcoin holders appear to be withdrawing their funds from exchanges. Outflow has been increasing daily since March 18,â the company summarized on Twitter.
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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: A new bull market has begun. The Dow has rallied more than 20% since hitting a low three days ago, ending the shortest bear market ever. https://t.co/06YS0XqWGP
â The Wall Street Journal (@WSJ) March 26, 2020
https://cointelegraph.com/news/bitcoin-price-holding-65k-as-media-calls-new-bull-market-in-stocks
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2020 Gains Wiped as Bitcoin Price Crashes Below ,600 | BitMEX CEO New K BTC Prediction
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Bitcoin Price Can Hit $6K Then Rise to $20K in 2020 Crisis, Says BitMEX CEO.
Arthur Hayes called it right on the money, that Bitcoin (BTC) will likely hit lower levels of up to $6,000 but will avoid bigger losses.
In the latest edition of the exchangeâs Crypto Digest on March 12, Arthur Hayes joined other trading sources warning that the BTC price was not safe from current market turmoil.
On Twitter, he described it as âa look into my trader brain during this time of intense market volatility.â
In the short term, Hayes thinks that BTC/USD is headed to a maximum floor of $6,000 as coronavirus panic takes its toll on sentiment.Â
The situation will be compounded by hedge funds selling coins into an already downward-facing market due to distress calls from traders.
Hayes still believes in the cryptocurrencyâs status as a safe-haven asset and added that $20,000 is a possible target for a bounce before the end of 2020.Â
2020 Gains Wiped as Bitcoin Crashes below $5,600 Bitcoin crashed within minutes to erase all the gains it made heading into the year 2020.
The benchmark cryptocurrency plunged to $5,578 on Coinbase for the first time since May 2019.
The move downhill led its market cap down by about 30 percent to $117 billion, logging one of the biggest declines ever recorded since its inception in 2009.
At BTCâs intraday high, the valuation was $134.7 billion. The latest data revealed that the plunge came shortly after the derivatives platform BitMEX liquidated $680 million worth of XBT/USD long positions.
The spillover led traders on all the crypto exchanges to panic-sell their spot positions, with data portal CryptoCompare showing the average execution of 11,000 trades every second.
The panic was the same elsewhere in the cryptocurrency market. BTCâs 30-minute meltdown led its rival altcoins to erase up to $23 billion off the overall market, with the second-largest Ethereum tanking 30 percent.
Follow up tokens, including Rippleâs XRP, Bitcoin Cashâs BCH, and Bitcoin SVâs BSV too fell in the range of 29 to 32 percent.
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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:
Hot off the press the next issue of the Crypto Trader Digest. A look into my trader brain during this time of intense market volatility. https://t.co/sWmNnvMk25
â Arthur Hayes (@CryptoHayes) March 12, 2020
https://cointelegraph.com/news/bitcoin-can-hit-6k-then-rise-to-20k-in-2020-crisis-says-bitmex-ceo
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