BITCOIN BREAKOUT IMMINENT!! MAX KEISER SAYS HE’S TRYING TO STAGE NEW BTC ALL-TIME HIGH BY FRIDAY!!

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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

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Popular Bitcoin pioneer Max Keiser shared his latest BTC price prediction on Twitter…

“Buffett’s rotation out of banks into GOLD – marks the end of all-fiat money experiment started in 1971 – marks the start of 3rd leg of Gold’s bull run started in 2000 – marks the top in bond market – marks the beginning of $USD crash – marks start of BTC to $400,000.”

In other trending Bitcoin News today:

Bitcoin Price Will ‘Explode’ Says Trader if BTC Breaches $13,000

Bitcoin (BTC) will “explode” in price once it hits $13,000, one trader believes as Bitcoin futures trade at 6% above spot price.

In a tweet on Aug. 18, the derivatives trader JSterz highlighted “extreme” Bitcoin futures spreads as a sign that an intensely strong bullish advance may soon arrive.

Currently, Bitcoin futures contracts expiring in March 2021 are priced 6% higher than the BTC/USD spot price at around $12,280.

“It seems extreme to see BTC-Mar21 trading 6% above spot,” JSterz summarized. 

“We have been at this level about four times since 2017. If BTC breaches 13k+ this thing is going to explode.”

Open interest for a basket of trading platforms hit new all-time highs on Monday, beating a previous record from mid-February, before March’s coronavirus-induced crash.

“Note the changes in market share of OI,” Ikigai fund manager Travis Kling commented, uploading an overview chart to Twitter.

“We’ve been talking about The Herd… coming for so long its become a meme. But without a doubt, this is actually The Herd and its wildly bullish.”

Institutional investment in Bitcoin remains a major topic of conversation among supporters this month, following a dramatic buy-in from multibillion-dollar MicroStrategy in late July.

Asset manager Grayscale has seen record investment in its various cryptocurrency funds, as Bitcoin outperforms gold as a fiat hedge.

On Monday, a sudden swing above $12,000 was assumed to be a red herring, but the higher levels have since held.

For John Bollinger, creator of the Bollinger Bands volatility indicator, there was now every reason to believe in the strength of the rally.

“I imagine that someone is complaining about the $BTCUSD rally. Not me, a picture perfect advance so far,” he tweeted at the time.

“Squeeze, confirmed break out, walk up the upper band, consol, support at middle band, mini-Squeeze, break to new highs. How much more could one ask for?!”

In other trending Bitcoin News today:

The New McAfee: Dave Portnoy Forgets About Bitcoin and Starts Shilling Low-Cap Altcoins To His 1.7M Followers

The poster child for legacy market day trading, Dave Portnoy, who recently met the Winklevoss Twins to discuss Bitcoin, is now well over it.

Apparently, his new passion lies within low-cap altcoins such as Orchid (OXT).

The cryptocurrency has a total market capitalization of less than $40 million.

Despite being relatively unknown in the space, Portnoy is supposedly investing in it.

Max Keiser tweeted,

“As predicted last week ADD victim Dave would forget about BTC within minutes and immediately become a shitcoiner. John McAfee came very close to being jailed for this ‘coin of the day’ scam. Might still be.”

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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:

Buffett’s rotation out of banks into $GOLD – marks the end of all-fiat money experiment started in 1971 – marks the start of 3rd leg of Gold’s bull run started in 2000– marks the top in bond market

– marks the beginning of $USD crash

– marks start of #BTC to $400,000

— Max Keiser (@maxkeiser) August 17, 2020

https://twitter.com/JSterz/status/1295415254193766400/

https://cryptopotato.com/the-new-mcafee-dave-portnoy-forgets-about-bitcoin-and-starts-shilling-low-cap-altcoins-to-his-1-7m-followers/

https://cointelegraph.com/news/bitcoin-price-will-explode-says-trader-if-btc-breaches-13-000

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

Macroeconomics guru and Real Vision co-founder Raoul Pal believes that the market cap of Bitcoin and crypto can soar at least 100x from its current valuation of about $1.7 trillion.

In a new tweetstorm, the former Goldman Sachs manager tells his 419,800 followers that many traditional investors fail to see the potential of the crypto markets as they believe assets often revert back to their mean or their average price over time.

“I’m finding it fascinating to see traditional finance and business people first trying to get their heads around BTC, then other crypto protocols, then DeFi (decentralized finance) and now NFTs (non-fungible tokens). At every single stage in the rapidly evolving ecosystem, they have used mean-revertionist thinking as opposed to exponential network effects analysis and therefore everything looks like a bubble or a misallocation of capital.”

Pal adds that while many projects in the crypto space will die, those that survive will attract more participants which will take the industry to greater heights.

“As thousands of projects, all pushing boundaries, go through the same survive-or-die and then network effects, the entire ecosystem rises.”

The Real Vision executive also says he believes the digital asset revolution will facilitate the transfer and creation of wealth to the tune of hundreds of trillions of dollars.

“As the internet of value and trust accelerates, it is going to destroy more large old business models than maybe the internet itself. I know this sounds grandiose and hyperbolic, but the TAM (total addressable market) of the transfer, storage, accretion of value is the largest and most valuable on Earth…

This space will not be a $1.7 trillion ecosystem as it is today but a multi-hundred trillion dollar ecosystem eventually. You can embrace change or fight it, but you owe it to yourself to understand it as the pace of innovation is going exponential too.”

In other trending Bitcoin News today:

Bitcoin Whales ‘Bought The Dip’ As Orders For $100K Or More Hit All-Time Highs

Bitcoin (BTC) whales and institutions alike have made the most of the recent BTC price “dip” by buying big, data suggests.

In an update on March 9, on-chain analytics service Material Indicators noted that buy orders of $100,000 and higher on Binance — the biggest cryptocurrency exchange by volume worldwide — are reaching all-time highs.

In stark contrast to orders worth less than $100,000, larger buys are more frequent than ever before in Bitcoin’s history. 

Smaller allocations have plummeted in 2021, matching an existing narrative that institutions are scooping up liquidity on exchanges which surfaced during the recent bull run.

“The $100k – $1M class is now also about to make a new ATH,” Material Indicators commented on Twitter alongside a chart.

“Meaning, they bought the dip.”

Material Indicators previously voiced concerns about this week’s price rise, arguing that whales could “sell into” the surge, producing a repeat of the run to $58,000 all-time highs and subsequent 25% correction.

While this has so far not come to pass, analysts also noted that macroeconomic factors were also having a different impact to that which was expected.

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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:

Gold is the poor man’s #Bitcoin

As availability for Bitcoin dries up, those hoping to escape inflation will be forced to buy Gold.

— Max Keiser (@maxkeiser) March 8, 2021

https://cointelegraph.com/news/coinbase-reportedly-hits-pre-ipo-valuation-of-100-billion-in-private-auction

https://cointelegraph.com/news/bitcoin-price-cracks-major-resistance-as-analyst-eyes-70k-destiny

https://cointelegraph.com/news/bitcoin-whales-bought-the-dip-as-orders-for-100k-or-more-hit-all-time-highs