BITCOIN BULL RUN: 3 Reasons Why BTC Price Will Continue To Surge | .5K Bounce Next?

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$1,000,000 – $2,000,000 Bitcoin Price Prediction

The director of business development at Kraken says he believes that the environment is ripe for Bitcoin (BTC) to begin a major long-term bull run.

In a new YouTube interview with Lark Davis, aka the Crypto Lark, Dan Held explains why he thinks Bitcoin’s time has come.

So far, Held argues, Bitcoin has managed to weather the worst of the coronavirus pandemic without the need for intervention.

“We’ve got a halvening. We’ve got a huge macro backdrop where banks are literally printing a million dollars a second, which happened a few weeks ago with the US, the Fed and the Treasury. And so, there couldn’t be a better moment for Bitcoin than now. I’ve waited eight years to see this.”

The crypto exchange executive says the industry as a whole has grown immensely over the years, citing the rise in the number of investors holding onto BTC as well as an increase in mainstream coverage from outlets like CNBC.

According to Held, the current macro backdrop is fuel for the world’s leading cryptocurrency, considering its limited total supply of 21 million units.

Optimistic about Bitcoin’s future, Held points to a contrarian argument that BTC could begin a “super cycle” and move far beyond even the most bullish predictions.

“We’re seeing a scenario where there’s a literal infinite amount of fiat that will be printed, and there’s only 21 million Bitcoin. It’s hard to predict, but long-term, maybe late 2021, is when a lot of the models predict what we might see in historical cycles. The classic models show us at $80,000 to $300,000 per Bitcoin. We could see that. We could see something a little crazier. I call this the Bitcoin super cycle.

We could see Bitcoin enter a super cycle where everyone’s seen that graph of Bitcoin’s price – that log price graph, and you get a little boom bust, boom bust, boom bust. But what if [BTC] went a level step up on a log chart?

If the world truly fears their money being devalued – every institution, every sovereign wealth fund, every central bank – if they all truly fear that, Bitcoin’s not going to stop at $100,000 or $300,000. It could go up to a million or two.”

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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:

Scorecard$ES +18% from 2405$CLK -18% from 25$BTC +10% from 6275$VIX -45% from 74

Stocks and bitcoin bottoms are in IMO. VIX short worked like a charm.

— Alex Krüger (@krugermacro) April 14, 2020

As of March 1st, about 42% of all BTC has not been moved on-chain (i.e. transacted) for at least two years. The amount of BTC untouched in more than two years has not eclipsed 42% since July, 2017.

Read more in this week’s State of the Network:https://t.co/w0HtMWyw57 pic.twitter.com/wRrZkkCRJw

— Nate Maddrey (@natemaddrey) March 3, 2020

Top Analyst on If the Crypto Market Bottomed on “Black Thursday”

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Popular Cryptocurrency analyst CryptoBull says the Bitcoin price is heading to $33K by July ‘BEFORE’ the BTC price goes parabolic.

He shared the following bullish Bitcoin price prediction on Crypto Twitter to his 156.5K followers…

“Alright… let’s stay realistic here… $33k by july… and then we go parabolic”

The keyword here being ‘REALISTIC’ which you have to respect.

Another popular Crypto analyst ‘Lark Davis’ tweeted the following:

“Quick reminder that the price of Bitcoin went from $11,000 to $20,000 in 14 days back in 2017. This market is a powder keg!”

In other trending Bitcoin News today:

COVID-19 Vaccine Will Spark Bitcoin ‘Crash’ – Rich Dad Poor Dad Author

Bitcoin (BTC) will “crash” when the world finds a coronavirus vaccine that works, popular author Robert Kiyosaki claims.

In a tweet on Sep. 15, Kiyosaki, famous for his book, “Rich Dad Poor Dad,” warned that a functional solution to Covid-19 would send safe-haven assets plummeting.

“What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.”

Continuing, Kiyosaki argued that the virus was masking the “real” issues at stake for the United States economy in particular.

With $26.7 trillion in debt according to monitoring resource U.S. National Debt Clock, much of which appeared via stimulus measures since Covid-19 hit, the country is now “bankrupt.”

The argument in favor of long-term investment in Bitcoin has become more and more public since March’s cross-asset market crash.

Despite current strength, the U.S. dollar is broadly seen as being in a downward spiral which will only worsen thanks to Federal Reserve policies — also ostensibly intended to counter coronavirus fallout.

The U.S. dollar currency index has buoyed Bitcoin and gold in recent months, underscoring inverse correlation which remains a major consideration for traders.

On Wednesday, the Fed is set to deliver fresh comments on the future of its market participation, further raising the prospect of dollar volatility.

Another trend highlights increases in BTC/USD as the debt amassed by central banks worldwide ballooned this year.

Kiyosaki meanwhile remains an outspoken supporter of Bitcoin, whatever the weather.

In August, he urged Twitter followers to buy the cryptocurrency before a “major banking crisis” appeared.

Dollar weakness and Fed meddling in the economy likewise formed the impetus behind his advice.

Warren Buffett exiting U.S. banking investments and buying gold was another alarm bell for the author.

“What’s Warren Buffet doing? Warren Buffett has a huge cash position, he’s recently moved into gold stock, which is a very different kind of investment than he’s used to making over the past decades, and as of this week he’s now got a big position in Japanese stocks,” RT host Max Keiser, who often presents similar conclusions about the economy, continued in an interview this weekend. “He’s getting out of the dollar; I think that’s pretty clear. That should be a red flag to folks out there — that one of the world’s most successful investors is getting out of the dollar.”

Also in August, Keiser forecast that Bitcoin would hit a new all-time high in the near future as the current economic situation plays out.

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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:

% of world using the Internet in 1995 = 0.5%% of world using the Internet in 2020 = 60%% of world using Bitcoin in 2020 = 0.5%⁰⁰

What do you think the price will be when 60% of the population is using Bitcoin?

— Dan Held (@danheld) September 18, 2020

What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.

— therealkiyosaki (@theRealKiyosaki) September 15, 2020

UNEMPLOYED BANKERS. Did Buffet dumping BIG BANKs signal end of banks? Is crypto US dollar next? Will crypto US $ mean more loss of freedom & privacy? More Orwell’s 1984 BIG BROTHER? Will Fed replace bankers? Is Fed Big Brother? More reasons to buy gold silver Bitcoin now.

— therealkiyosaki (@theRealKiyosaki) September 17, 2020

https://dailyhodl.com/2020/09/19/creator-of-crypto-asset-that-skyrocketed-138000-backing-new-defi-project/

https://cointelegraph.com/news/covid-19-vaccine-will-spark-bitcoin-crash-rich-dad-poor-dad-author

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Bitcoin (BTC), XRP, Ethereum (ETH), and the entire Crypto sector has gone through a turbulent year, with significant developments in the background.

Despite the setbacks, there are expectations for significant trends that will shape the moods, attitudes, and decision-making in 2020, which comes with various predictions as the Bitcoin market is about to choose a direction.

Messari has posted a report with 120 trends and opportunities in the Cryptocurrency sector, expected to appear and expand in the coming year.

“This is NOT an objective analysis, but a collection of my / our strong convictions for the decade ahead. It’s based primarily on my nearly seven years studying this industry closely and working in it full time.” – Ryan Selkis

Previous trends in crypto have been altered by Selkis.

He is now especially critical of Ripple XRP, calling it a project that’s “too-big-to-jail”.

At the same time, Tether (USDT) was a surprise, in that it continued to keep its dollar peg, while the project remained solvent.

EOS on the other hand, was deemed as being “broken and ran by a cartel”.

In 2020, BTC will lead again as the best performing asset, while altcoins will only follow if the Bitcoin price remains stable.

Smaller coins and tokens will continue to dump into oblivion, while other underwhelming trends will include tokenized securities, which still lag behind.

On a wider scale, the Crypto sector may give rise to a serious Web 3.0 movement, with decentralized hardware and the willingness to build a new infrastructure less reliant on surveillance and centralization.

In other Bitcoin news today, Crypto-preneur John McAfee says he will stop promoting individual coins to focus on his presidential bid — but already knows he will not win.

In a series of Tweets beginning on Dec. 14, McAfee, who has built a large following among crypto users, claimed that championing individual projects in the space took up too much of his time.

“People ask why I am no longer doing Blockchain promotions. It is very time consuming. My Presidential Campaign will be starting in earnest in January and I cannot do both. I am in no way abandoning crypto; only the task of promoting specific projects.” – John McAfee

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

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

Ledger: ► http://ledger.cryptonewsalerts.net

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:

WOAH (as @APompliano would say)I just published my most ambitious piece in the ~7 years I’ve been studying crypto full-time:”Crypto Theses for 2020″

Over the past eight days, I compiled 120 nuggets of my clearest thoughts into one 70 page report.https://t.co/dMSafdfW5k

— Ryan Selkis (@twobitidiot) December 16, 2019

I’m not backing off from Crypto. I’m backing off from promoting specific coins or projects. It’s the Wild West here in Crypto. Even I cannot properly vet anything in this nuclear explosion of technology, promise and exploitation to the degree that I am comfortable promoting it.

— John McAfee (@officialmcafee) December 14, 2019

Crypto Hot Trends and Opportunities for 2020, Messari Research

https://cointelegraph.com/news/no-chance-john-mcafee-halts-crypto-promo-as-us-2020-elections-near