BITCOIN BULL MICHAEL SAYLOR SAYS ETHEREUM IS PUSHING TO DEMATERIALIZE THE BANKING ESTABLISHMENT!!

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Bitcoin (BTC) To Reach $400k in 2021?

It may sound like a pretty outlandish claim for anyone to assert that the Bitcoin price could hit $400,000 before the end of the year. But when such a claim comes from a reputable analytics firm, it is worth paying attention to it.

Analysts at Bloomberg Crypto in a monthly report have predicted that BTC could soar up to new highs of $400,000, and this assertion is based around the historical price reaction to Bitcoin halving.

Bloomberg Crypto observed that, according to their analysis, Bitcoin is in an identical position with the events of 2013 and 2017, which are the years preceding a Bitcoin halving event.

During those years, Bitcoin increased its value 55 times and 15 times, respectively. If history repeats itself, “to reach price extremes akin to those years in 2021, the crypto would approach $400,000, based on the regression since 2011 high.”

In other trending Bitcoin News today: “At least five countries” will accept Bitcoin as legal tender by 2022. – BitMEX CEO

Remittances, inflation, and politics: those are the three reasons why more nations could follow El Salvador’s move next year.

“If Brazil follows El Salvador’s lead in making #Bitcoin  legal tender, the consequences could be huge. El Salvador is a country with a population of 6.5 million people – Brazil’s population is more than 213 million.”

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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/what-bitcoin-correction-btc-price-holds-55k-despite-several-bearish-indicators

https://cryptopotato.com/bitmex-ceo-gives-three-reasons-why-five-countries-could-legalize-bitcoin-in-2022/

Bloomberg Foresees Bitcoin Rallying To $400k This Year

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Legendary Crypto veteran Bobby Lee thinks Bitcoin will skyrocket in price by the end of 2021, according to a Fortune interview.

“I don’t officially give financial advice, but personally I’m confident that the latter half of this year Bitcoin will go back above $65,000. I think it’ll peak out over $250,000 later this year.”

However, Lee also thinks BTC will endure a bear market in 2022 and lose 50-80% of its value after touching the new all-time high. A couple of years after the 2022 bear market, he thinks it will move into another bull cycle.

“I think Bitcoin will have its bull cycle every three or four years in the coming years. I expect Bitcoin to pass a million, two million dollars easily in the next 10-15 years. In fact, the next cycle I predict to be in the year 2024 or 2025, and that’s when Bitcoin will cross half a million dollars and might even touch $1 million.”

In other trending Bitcoin News today: Popular Analyst Predicts Parabolic Second Phase of Bitcoin Bull Run, Says Bottom In for Ethereum!

Widely followed crypto analyst Kaleo tells his 338,900 followers that the second chapter of Bitcoin’s bull run will push BTC well above six figures.

“I’m sharing this because I have a feeling there are a bunch of late bulls that have extreme FOMO (fear of missing out) atm (at the moment) and are trying to overleverage to compensate. Just be patient and continue to stack. BTC is going to $100,000+ either way. Don’t let greed knock you down right before it happens.”

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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/bitcoin-price-is-returning-to-40k-but-will-shorts-have-their-revenge

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With the next BTC halving 2020 event just 5 months out, the Bitcoin price might be a long way off its 2019 high of almost $14,000 but this year has still seen the BTC price gain 94%.

The year opened with the leading cryptocurrency trading at just below $3,800, considerably less than its current price of around $7,300.

Although yearly price data is clearly limited, if previous years are anything to go by Bitcoin (BTC) looks set to post two more years of gains.

There seems a pattern emerging that sees a year of decline follow three years of upside.

Some traders and market analysts believe that the next halving will result in another parabolic run up in Bitcoin prices, like those seen in 2017 and 2013.

PlanB argues that the reduction of new Bitcoin regularly hitting the market will eventually see the price rise to around $55,000 per Bitcoin.

The analyst makes no prediction as to when this will occur. However, given that the stock-to-flow theory of Bitcoin’s value centers around the halving events every four years, if PlanB’s prediction comes true, we will see a $55,000 Bitcoin at some point within the four years following May 2020.

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

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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: