Billionaire Bitcoin Investor Gives 3 Catalysts That Could Send BTC Price Flying | Crypto News Today

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Venture capitalist Tim Draper was on Benzinga’s Crypto Festival to talk about the number 1 cryptocurrency BTC. Draper noted some trends which he believes will be the driving force behind bitcoin hitting $250,000 in 2022. 

Widespread adoption was one of these trends. He noted that people will eventually be able to use BTC in the way they currently use fiat currency. “One that happens,” Draper said, “there’s going to be a switch thrown in people’s heads.”

When asked when he planned to sell his coins, the billionaire replied, “Why would I want to sell the future currency for the past currency? I just can’t imagine anything more important for humanity than this.” As for Draper’s $250,000 prediction for the digital asset’s price in late 2022 or early 2023, he said, “I think we’re right on track.”

In other trending Bitcoin News today: BTC price returns to $50K as Bitcoin bears lose $450M in daily liquidations!

BTC swiftly reclaimed $50,000 on Thursday as bears felt maximum pain and lost hundreds of millions of dollars.

“Bitcoin facing final hurdle before $57K,” Cointelegraph contributing analyst Michaël van de Poppe tweeted in his latest update.

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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:

We’re Right On Track For Bitcoin At $250,000, Billionaire Tim Draper

https://cointelegraph.com/news/ada-price-hits-3-for-the-first-time-as-cardano-ethereum-lead-crypto-super-bull-cycle

https://cointelegraph.com/news/btc-price-returns-to-50k-as-bitcoin-bears-lose-450m-in-daily-liquidations

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“I think $50,000 Bitcoin price will trigger a global FOMO panic-buying spree that will destabilize the global banking system fatally”, shared BTC pioneer Max Keiser in a recent Tweet.

Heisenberg Capital founder Max Keiser says that Warren Buffett has missed out on numerous prosperous investments such as Apple and Amazon as “his timing is poor.”

At the same time, Buffett “shunned Gold for 20 years while Gold outperformed Buffett for 20 years.”

As such, Keiser asserted that Buffett and another Bitcoin basher – Peter Schiff – will eventually catch on with BTC and start accumulating.

“My guess is that Buffett (or whoever takes over after he passes) will start panic-buying Bitcoin at $50,000, just like Peter Schiff will do.

The only major player in the money management business that knows what they’re doing is Paul Tudor Jones who I expect will take his Bitcoin allocation up from the current 2% of the portfolio to 10% in the near term.”

Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks.

Similiar with gold, Buffett has been bashing “the new gold,” Bitcoin, and this raises the question of whether he may change his mind on the primary cryptocurrency at some point in the future.

The soon-to-turn 90-year old chairman and CEO of Berkshire Hathaway have never displayed any favoritism regarding gold and its role as an investment tool.

In his 2019 letter to Berkshire Hathaway’s shareholders concerning an upcoming financial apocalypse, Buffett refers to the ones planning to accumulate gold as a hedge instead of making investments in “American businesses,” their portfolio would be much smaller:

“And what would that supposed protection [gold] have delivered? You would now have an asset worth less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle.”

Another asset, quite similar to gold in terms of fixed supply and recent price movements that Buffett hasn’t been fond of, is Bitcoin.

Previously, he had referred to the primary cryptocurrency as a “rat poison squared,” and a “gambling device,” and even a lunch with Justin Sun, CEO of TRON, and other leading crypto figures couldn’t change his mind.

But what if the American investor somehow changes his attitude about Bitcoin like JPMorgan CEO Jamie Dimon did?

And, what if Buffett starts allocating funds into the primary cryptocurrency, like Paul Tudor Jones III and MicroStrategy did?

Such a drastic change of heart could not only push BTC’s price into the stratosphere but also start a snowballing effect that will ultimately enhance the asset’s adoption rates among the masses.

In other trending Bitcoin News today:

Why Experts Feel Bitcoin IS Going to Cross The 100K Mark In 2020

Many experts feel that sometime in the future, the prices of bitcoin will go as high as $100,00 landing it to the six-digit zone.

However, the prices are being said can even be higher than 100k.

There are plenty of insiders in the industry who are analysts and experts who believe that the price of BTC will very easily touch $100,000.

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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:

https://cryptopotato.com/max-keiser-warren-buffett-will-start-panic-buying-bitcoin-at-50000-just-like-peter-schiff/

https://www.techtimes.com/articles/251825/20200815/why-experts-feel-bitcoin-is-going-to-cross-the-100k-mark-in-2020.htm

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BITCOIN PRICE STRIKES SIX MONTH HIGH

Another day and another yearly high has been hit by the BTC price on its march back upwards.

Analysts are eyeing the next resistance levels and it seems that Bitcoin (BTC) has a bit further to go yet.

BTC has tapped a new 2020 high of just shy of $10,500 during today’s Asian trading session.

Since its jump back above five figures a couple of days ago the king of Crypto has continued to march slowly higher reaching prices not seen since early September last year.

So far this year Bitcoin has made an impressive 45% which was enough to garner the attention of the pundits on CNBC’s ‘Fast Money’ yesterday.

Analysts have been eyeing next levels of resistance and Josh Rager has found a level of around $10,750 on the monthly chart.

“BTC $10,761 remains the resistance on the monthly chart. But if we zoom in inside the monthly, we’ll see horizontal resistance at $11k. And $BTC could get as high as $11,400 to $11,550 before topping out IMO (VAH/VP). I’ll stay in spot positions until then & likely hedge short” – Josh Rager

He added that horizontal clusters can be seen clearer on the daily chart which shows resistance at a similar level.

$12k is also a target if BTC can break through initial resistance levels first, from there on there is very little preventing it returning to last year’s high of $13,800.

In today’s show we also premier Chris Records latest Bitcoin rap video entitled: Back To My Crypto (HODL Gang 2).

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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:

$BTC $10,761 remains the resistance on the monthly chartBut if we zoom in inside the monthly, we’ll see horizontal resistance at $11k

And $BTC could get as high as $11,400 to $11,550 before topping out IMO (VAH/VP)

I’ll stay in spot positions until then & likely hedge short pic.twitter.com/LjRnO01KwD

— Josh Rager 📈 (@Josh_Rager) February 13, 2020

It is far from this daily candle close, but if it remains green, it would be a TD Sequential “9” – a rare thing on a daily time frame.Considering the preceded rise and the absence of decent corrections, it is wise to be cautious with long positions, IMO.

👀$BTC $BTCUSD #bitcoin pic.twitter.com/eVPoQeP2xJ

— CryptoHamster (@CryptoHamsterIO) February 13, 2020

How Bitcoin Prices Could Hit $11,500 in The Next Few Days

https://cointelegraph.com/news/bitcoin-price-suddenly-drops-300-in-1-hour-after-10-500-rejection