BITCOIN BTC DOMINANCE DIPS TO 8-MONTH LOW, IS ALTSEASON FINALLY HERE? | XRP Price Hits 7-Month High

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Institutional investor and creator of the Bitcoin Stock-to-Flow valuation model known as PlanB, for fun did some BTC price modeling with central bank balance sheets which implies a $20,000,000 Bitcoin price.

The pseudonymous trader tweeted,

“Modeling bitcoin price with central bank balance sheets (FED+ECB). 90% R2. Recent QE fueled explosion of FED and ECB balance sheets to $7T and $6.4T implies a BTC price of … $20M”

Rich Dad Author Robert Kiyosaki added his sentiment regarding the out of control money printing by the Fed…

“WHY SAVERS ARE LOSERS. Fed announces interest rates to be kept low for at least 5 years as Fed prints trillions in FAKE $. Tesla & Apple split stocks 4 to 1 printing FAKE stocks. Savers of FAKE $ and FAKE stocks feel richer till CRASH. Then Gold, Silver, Bitcoin biggest winners.”

In other trending Bitcoin News today:

3 Key Metrics Show Bulls Control Bitcoin Price Despite $12K Resistance

Bitcoin (BTC) price dropped by as much as 10% this week and while this might be scary for day traders, the 3-day chart shows the downside move hardly made a dent on the current market structure.

This holds especially true when considering that the $12,500 level hasn’t been touched in over 13 months.

Currently, analysts are making $16,000 price targets partially due to a CME gap and the expectation that U.S. inflation will rise higher.

While short-term traders confabulate whether the Aug. 28 CME futures and options expiry caused the dip seen in the past few days, on-chain data reveals holders have become more robust than ever.

63% of UTXOs haven’t been touched for over a year, something without precedent.

These holders faced a 53% dip over the thirty days leading into March 13, but even the Black Thursday crash did not entice them to move their BTC.

And in other trending Cryptocurrency news:

DEFI TOKEN YFI PEAKS AT $38,682, MORE THAN 3X PRICE OF BITCOIN

Yearn Finance and the project’s native token YFI has jumped significantly in value.

Last week, YFI made headlines for outpacing bitcoin (BTC) by price per coin, as the YFI token value spiked to $16k on August 20.

On Friday, YFI was averaging around $17-18k per coin, and the value leaped even higher during Saturday afternoon’s (ET) trading sessions.

According to market data, YFI touched an all-time high of over $38,000 on August 29. Presently, the value is hovering around $30,000.

This week, an individual on Twitter, asked the Yearn Finance founder why he was talking with the FTX exchange CEO Sam Bankman-Fried.

Andre Cronje did not detail what Yearn Finance and FTX were collaborating on, but he did confirm that some kind of partnership was in place.

“Guess the cat is out of the bag,” Cronje tweeted. “But just so that there is some expectation management, this is a long roadmap that we are working on, so it won’t be anything anytime soon. But there will be something very sexy in the future.”

In addition to the FTX topic, the defi token YFI was also recently listed on the lending platform Aave this week. Aave has also been making headlines in recent days for its total value locked (TVL), and the project’s electronic money license granted by the UK’s Financial Conduct Authority (FCA).

Yearn Finance has also revealed a new insurance primitive this week called “yinsure.finance.”

The Yearn development team published an article about the yinsure.finance subject which states:

We will systematically be releasing yinsure.finance, a prototype for a new kind of tokenized insurance.

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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:

Friday Fun: modeling #bitcoin price with central bank balance sheets (FED+ECB). 90% R2. Recent QE fueled explosion of FED and ECB balance sheets to $7T and $6.4T implies a BTC price of … $20M💥💥💥 pic.twitter.com/WPS8Ft9B2r

— PlanB (@100trillionUSD) August 28, 2020

WHY SAVERS ARE LOSERS. Fed announces interest rates to be kept low for at least 5 years as Fed prints trillions in FAKE $. Tesla & Apple split stocks 4 to 1 printing FAKE stocks. Savers of FAKE $ and FAKE stocks feel richer till CRASH. Then Gold, Silver, Bitcoin biggest winners.

— therealkiyosaki (@theRealKiyosaki) August 29, 2020

https://news.bitcoin.com/defi-project-yearn-finance-smashes-records-as-native-token-surpasses-30k/

https://cointelegraph.com/news/3-key-metrics-show-bulls-control-bitcoin-price-despite-12k-resistance

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

Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill Podcast gifted InfoWars founder Alex Jones a laptop with 10,000 BTC 10 years ago back when the Bitcoin price was under $5 which he claims to have lost which is now worth more than $550 million dollars today.

“And Max Keiser comes to me…10,000 Bitcoins for you. This is the future. It will be the new global currency (he’s on record)…I lost the laptop he put the 10,000 on. Today, what’s 10,000 Bitcoins worth? A lot.”

After Bitcoin roared back to $56,000 earlier today, this would be worth a whopping $560 million.

American comedian Andrew Schulz went on to physically slap Jones, who swore he had a cryptocurrency fortune:

“He [Keiser] was the guy who told me that it was gonna replace the dollar, and that Japanese guy invented it.”

In a tweet, Max Keiser – who is known as one of the earliest Bitcoin advocates -confirmed that he did gift the 10,000 coins to AlexJones. Back then, they were trading at just mere dollars.

Max Keiser finally managed to convert America’s most famous conspiracy theorist into a Bitcoin believer while revealing his $400,000 BTC price prediction on Jones’ show.

In other trending Bitcoin News today:

Israeli Asset Manager Doubles Its $100M Bitcoin Investment In Just Two Months

Israel’s Altshuler Shaham Investment House has doubled its money after tipping $100 million into the Grayscale Bitcoin Trust late last year. It’s the only Israeli institution kn to have invested this magnitude of funds into Bitcoin so far.

The news follows increasing institutional interest in Bitcoin internationally, with reports on March 7 that Chinese tech company Meitu had become the first Hong Kong-listed company to invest $40 million into cryptocurrencies, split between Ethereum and Bitcoin.

Israel’s Globes publication reported that Altshuler Shaham acquired the GBTC shares in late 2020 when Bitcoin was trading around $21,000. Co-CEO, founder and co-owner Gilad Altshuler told the publication:

“The $100 million investment has become $200 million, and of the $200 million we have already sold about a third.”

He added, “This is a new investment for us. It took a few months until we got all the relevant approvals and all the opinions that approved our investment in the field.”

The Globes report stated the investment house currently holds around $150 million worth of the cryptocurrency — with Altshuler noting it may add more:

“It depends on the price. We were a little intimidated by the speed with which Bitcoin reached these prices, with its global market capitalization crossing the $1 trillion mark, and that worried us a bit.”

Altshuler Shaham is one of the largest investment houses in Israel, managing around $51.5 billion in long term savings for retirement and pension funds as of the end of January. It’s not the first time Altshuler Shaham has dabbled in cryptocurrency, with the firm reportedly taking positions in local initial coin offerings back in 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:

My son @SpencerKSchiff went all in on #Bitcoin on the last drop below $50k. 100% of his portfolio is now in Bitcoin. He sold the last of his #silver stocks to raise the cash. If my own son is this brainwashed imagine how vulnerable most kids are. He’s HODLing to infinity or bust.

— Peter Schiff (@PeterSchiff) March 10, 2021

https://u.today/infowars-alex-jones-lost-laptop-with-560-million-worth-of-bitcoin

https://cointelegraph.com/news/peter-schiff-s-son-moves-100-of-his-portfolio-into-bitcoin

https://cointelegraph.com/news/israeli-asset-manager-doubles-its-100m-bitcoin-investment-in-just-two-months

https://cointelegraph.com/news/nervous-newbies-are-taking-profits-while-long-term-btc-investors-hodl-strong

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

“Facebook will announce they hold Bitcoin on their books when they release their quarterly results after trading closes tomorrow”, according to popular crypto investor Alistair Milne, CIO of Altana Digital Currency Fund. If this rumor is in fact true then this is major news for not only BTC but the entire cryptocurrency market.

In other trending Bitcoin News today, BTC price breaks $55K as fund manager Dan Tapiero ‘still sees $100K’ in 2021. 

“A very rare td buy signal in bitcoin. Last one came right at the March ’20 low. Still see 100k this yr. Overwhelmed with calls of panic last few days over what is unchanged price action…ie still at 50k. Hodl is the only way to be long without emotion.”

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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:

RUMOUR: Facebook will annouce they hold #Bitcoin on their books when they release their quarterly results after trading closes tomorrow

— Alistair Milne (@alistairmilne) April 27, 2021

A very rare td buy signal in #bitcoin.Last one came right at the March ’20 low.Still see 100k this yr.

Overwhelmed with calls of panic last few days over what is unchanged price action…ie still at 50k.#Hodl is the only way to be long without emotion.

H/T JB on the chart pic.twitter.com/mx9MSmfsRe

— Dan Tapiero (@DTAPCAP) April 27, 2021

https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk

https://cointelegraph.com/news/bitcoin-price-nears-55k-as-fund-manager-still-sees-100k-in-2021