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

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With the Bitcoin price now up 29% for the week, BTC is now eyeing $7,000 after the Fed announced having ‘Infinite Cash’.

As various sources reported, the Fed will now embark on a giant buyback exercise which will be worth $125 billion each day — or a massive $2.5 trillion per month. 

Aimed at shoring up the U.S. economy, the scheme is akin to flooding the market with “new” dollars in what has become the biggest money printing experiment in U.S. history. 

Treasury Secretary Steven Mnuchin has already described the liquidity on offer to businesses and banks as “almost unlimited.” 

In an interview with CBS on Sunday, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, went further still, saying:

“There is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there’s enough cash in the banking system.”

This, in turn, has emboldened gold bugs and Bitcoiners alike, who argue that fiat is rapidly unraveling as a trustworthy financial instrument.

In a tweet following the news, PlanB, the creator of Bitcoin’s stock-to-flow price model, described the Fed’s actions as the central bank going “full Zimbabwe.”

House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin:

Here’s Why 11 years after Satoshi Nakamoto launched Bitcoin, some facets of the U.S. government have finally indicated that they are seriously considering the creation of a digital dollar, a move that many say could validate cryptocurrencies, especially BTC.

According to a Bloomberg Law report released Monday, Democrats in the House of Representatives are seriously considering the creation of a system of digital wallets, in which a “digital dollar” (unfortunately not Bitcoin) would be stored.

This intent was revealed in a legislative text published Monday by the House Financial Services Committee Chairwoman Maxine Waters.

The idea with this, of course, is that it would be much easier to enact the Hill’s proposed stimulus plan against economic disaster to give every American thousands of dollars through a digital system rather than through a physical system of, say, cheques.

As Bloomberg wrote:

“Large Federal Reserve banks and other financial institutions [will need] to provide digital wallets to individuals and joint tax filers eligible for direct governmental emergency payments currently under negotiation in the historic economic relief package.”

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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:

A Scenario:Step 1: Introduce digital dollar to ship stimulus payments.Step 2: Hundreds of millions of Americans get their first digital wallet. Step 3: Trillions of stimulus leads to..well..you know.

Step 4: Do you really need me to say it? #Bitcoin pic.twitter.com/CbHl5LMXNR

— Nathaniel Whittemore (@nlw) March 23, 2020

https://cointelegraph.com/news/bitcoin-price-surging-toward-7k-after-fed-says-it-has-infinite-cash

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Goldman Sachs just wrapped up a highly anticipated investor call that focused, in part, on its outlook for Bitcoin (BTC).

The investing giant is not impressed with increasing institutional investments in cryptocurrency and says the digital assets do not “constitute a viable investment rationale.”

Goldman says BTC is not an asset class because it can’t create a cash flow, as bonds do. According to the analysts, the world’s leading cryptocurrency has a number of other factors working against it: it does not generate earnings through exposure to economic growth; it has not proved itself to be a reliable hedge against inflation; and it has been used to facilitate money laundering and purchases on the dark web.

Billionaire Bitcoin entrepreneurs and co-founders of the crypto exchange Gemini quickly responded.

Tyler Winklevoss says Goldman may not have the moral high ground when it comes to the illicit use of capital.

“Goldman Sachs: In 2019, $2.8 billion in Bitcoin was sent to currency exchanges from criminal entities. Fun Fact: Goldman Sachs facilitated $6 billion in money laundering via 1MDB scandal between 2012-13. Double standard much?”

According to a report published last year by the United Nations Office on Drugs and Crime, banks carry the torch for the money laundering industry.

Cameron Winklevoss also points to Bitcoin’s official status as a commodity, implying its researchers need to get with the times.

“Hey Goldman Sachs, 2014 just called and asked for their talking points back. Bitcoin was declared a commodity by the CFTC in 2015 in the Coinflip order…so yea it’s an asset whose price is set by supply and demand. Just like gold. Just like oil. It’s a commodity.”

The Winklevoss twins, who are strong advocates for a smart global regulatory framework for blockchain and crypto technology, did not stop there.

Here are a few additional hot takes from their ongoing tweetstorm.

“Goldman Sachs: We do not recommend bitcoin on a strategic or tactical basis for clients’ investment portfolios… Google Translate: We don’t want our clients to buy bitcoin and realize they don’t need us anymore.”

“Paul Tudor Jones isn’t waiting around for approval from the establishment to buy bitcoin. And neither should you. Do your own research, build your own conviction, avoid groupthink.”

“Goldman Sachs aka Bankers aka Wall Street still don’t get (or want to get) Bitcoin. It’s ok, because everyone else does.”

“Bitcoin does “not generate cash flow like bonds.” Because it’s not a bond. And the sky is blue.”

Goldman’s report also addresses the economy as a whole, saying global markets have hit a bottom and have not entered into a depression.

However, the firm’s analysts say “significant uncertainty” on the path to recovery remain, centered on the question of whether people who have been laid off will be able to get their jobs back.

In other trending Bitcoin News today:

Crucial Fundamental Data Shows Bitcoin Will Break Out of $10,500

Resistance Analyst Nunya Bizniz recently noted that Bitcoin is currently trading below a crucial resistance level at $9,200.

The technical level he indicated marked three previous highs, one in July, one in August, and one in February of this year.

“The VWAP anchored to June 26th high has been formidable resistance. Flirting with it again. Note: All breaks above the AVWAP have always resulted in lower highs. A close above $9,944 would change that,” the analyst commented.

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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:

Goldman Sachs: In 2019, $2.8 billion in Bitcoin was sent to currency exchanges from criminal entities.Fun Fact: Goldman Sachs facilitated $6 billion in money laundering via 1MDB scandal between 2012-13.

Double standard much?

— Tyler Winklevoss (@tylerwinklevoss) May 27, 2020

Goldman Sachs is a large organization with many different divisions. The Wealth Management division’s opinion on Bitcoin & Crypto doesn’t necessarily reflect the company’s view pic.twitter.com/PpmYrRLkAy

— Ethan Vera (@ethan_vera) May 27, 2020

Crucial Fundamental Data Shows Bitcoin Will Break Out of $10,500 Resistance

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Billionaire Kjell Inge Rokke’s company, Aker, has established a new business dedicated to Bitcoin. Rokke believes that BTC could “become the core of a new monetary architecture” and each coin could be “worth millions of dollars.” His new company “will keep all its liquid investable assets in bitcoin.”

Norwegian oil billionaire Kjell Inge Rokke has spoken in favor of bitcoin. His company, Aker ASA, which controls oil and oil service companies, announced Monday that it has established a new business, Seetee AS, to tap into the potential of the cryptocurrency.

Listed on the Oslo Stock Exchange, Aker is a Norwegian holding company engaged in offshore fishing, construction, and engineering. Established in 2004, the company is controlled by Rokke with 67% ownership through TRG Holding.

In its announcement, Aker described Seetee as “a new company dedicated to investing in projects and companies throughout the bitcoin ecosystem and which will keep all its liquid investable assets in bitcoin.” Seetee is starting with 500 million kroner ($59 million) in capital, which Rokke called “an amount we aim to increase significantly over time.”

Following the announcement, Rokke expressed his view on bitcoin and the new enterprise launch in a shareholder letter published on Seetee’s website. The billionaire wrote:

“We will use bitcoin as our treasury asset and join the community. In bitcoin speak, we will be hodler.”

Initially, Seetee will focus on four areas. The first is “investing in and owning bitcoin.” The second is “joining the bitcoin and broader blockchain community and establishing partnerships with leading players.” The third is “launching bitcoin verification operations,” and the fourth is “building and investing in innovation projects and companies in the bitcoin and blockchain ecosystem.”

Seetee will actively partner with other companies in order to accelerate its initiatives, the announcement adds, noting that the company has “entered into a collaboration agreement with Blockstream,” which “will initially focus on mining operations.”

Rokke further opined:

“Bitcoin may still go to zero. But it can also become the core of a new monetary architecture. If so, one bitcoin may be worth millions of dollars.”

He added: “The direction is clear: finance will be disrupted as surely as fossil fuels will be. The question is not if, but when.”

In other trending Bitcoin News today:

BITCOIN FIRM NYDIG GETS $200M INJECTION FROM MORGAN STANLEY, SOROS

Earlier today, NYDIG, a leading provider of investment and financial solutions for Bitcoin, announced that they were receiving $200 million in growth capital funding led by strategic partners Morgan Stanley, Soros Fund Management, FS Investments, Stone Ridge Holdings, Mass Mutual and New York Life. FinTech Collective and Bessemer Venture Partners, who previously funded NYDIG, also took part.

NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy.” He also promised that through the $200 million investment from their strategic partners, NYDIG would deliver “an explosion of innovation in Bitcoin products and services.” 

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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:

Top 4 stories on ZH today.

Inflation/hyperinflation is here now! #Bitcoin tops $1 trillion and is headed to a $4 trillion+ market cap ($220,000 per coin) in 2021 – as flight-capital jumps the fiat ship and finds safe haven in Bitcoin pic.twitter.com/zOruSWdMh1

— Max Keiser (@maxkeiser) March 9, 2021

Bitcoin Firm NYDIG Gets $200m Injection from Morgan Stanley, Soros

https://news.bitcoin.com/norwegian-oil-billionaire-kjell-inge-rokke-btc-worth-millions-dollars-liquid-assets-bitcoin/

https://cointelegraph.com/news/solution-to-scale-ethereum-100x-is-imminent-and-will-get-us-through-until-eth2-vitalik