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Wall Street strategist Tom Lee told CNBC on Monday that last weekâs Bitcoin collapse has not shaken his bullish resolve, saying heâs standing by his $100,000 per BTC year-end price target.
âI think bitcoin is hyper-volatile. Thatâs the nature of it, but thatâs what creates the reward for people,â Lee said in an interview on âTechCheck.â
âAgain, even though bitcoin is in the penalty box now, I still think it could exit the year over $100,000,â said Lee, co-founder and head of research at Fundstrat Global Advisors.
In other trending Bitcoin News today: AMC Plans To Accept Bitcoin At Movie Theaters By The End Of 2021!
Speaking during a Monday conference call regarding the firmâs Q2 results announced earlier the same day, AMC chairman and CEO Adam Aron revealed that the cinema chain intends to have the infrastructure ready to accept BTC payments for online movie tickets by the end of 2021.
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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://www.cnbc.com/2021/05/24/bitcoin-bull-tom-lee-still-sees-100000-by-year-end.html
https://cointelegraph.com/news/ethereum-could-pave-way-for-100-000-bitcoin-bloomberg-analyst-asserts
https://cointelegraph.com/news/total-crypto-market-value-breaks-1-9t-for-first-time-since-may
https://cointelegraph.com/news/cinema-operator-amc-plans-to-accept-btc-by-2022
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0K BITCOIN PRICE IN COMING YEARS SAYS MAX KEISER TO ALEX JONES | It's Smart To Diversify Into BTC
âĄïžÂ OPM Wealth: http://opm.cryptonewsalerts.net
American radio star, host of Infowars, and far-right conspiracy theorist, Alex Jones, met with pro Bitcoin champion Max Keiser.
He admits, âYouâre right, I should have gotten involved in Bitcoin a long time agoâ.
ALEX JONES SAYS âITâS SMART TO DIVERSIFYâ INTO BTC
In a must-see video discussion between Alex Jones and Max Keiser, the two men talk a lot about the Bitcoin price.
Jones says he likes how Bitcoin âbrings diversity to the marketplaceâ.
He points to how BTC can never be shut down unlike money in an offshore bank account.
Keiser is visibly in his element. Jones explains to his listeners that he hadnât previously endorsed Bitcoin (BTC) because he wasnât completely sure.
He says he would never tell them to go out and buy something he wasnât sure about.
However, on reflection, âitâs smart to diversify.â He then tells Keiser: âYouâre right, I should have gotten involved in bitcoin a long time agoâ â Alex Jones
Jones may have âmissed outâ on buying Bitcoin at $1, $100, and $1,000. But even at $10,000, he will still make a 40x return since Keiser says Bitcoin will be worth $400,000 in the coming years.
Jones notes that he likes how you can tailor your approach to buying Bitcoin.
He calls it a âcompletely legitimateâ way of diversifying your wealth.
Keiser confirms that no one can confiscate your Bitcoin. He calls it âgold 2.0â and says that, unlike gold, you donât need any third-party to verify that it is real â just the blockchain.
That must be what ruffled the feathers of Peter Schiff the most.
Signal That Preceded 10% Bitcoin Boom Appears Again, and Itâs Big for Bulls | The BTC Price Is About to Roar Even Higher, Indicator Predicts
If youâve spent any time at all perusing Crypto Twitter, you likely know of TD Sequential, which is a time-based indicator that tries to predict when an asset will see a certain trend or reversal of its ongoing trend.
The Sequential has done well in predicting Bitcoinâs trends. Extremely well.
So well, in fact, that the creator of the indicator remarked in an interview with Bloomberg that 13 candles (signals reversals) were seen when Bitcoin hit $20,000 in December 2017,  when BTC cratered to $3,150 in December 2018, and near the $14,000 top seen in June.
The indicator is now signaling that Bitcoin will see a reversal on a short-term time frame. Analyst Crypto Hamster remarked that the TD Sequential for the four-hour chart just printed a red 9, suggesting a recovery towards $10,000 and beyond.
Indeed, the prior 9 candle seen on the four-hour chart was a precursor to a 10% surge higher than brought the asset from $9,600 or so to $10,550 in a few daysâ time.
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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:
Alex Jones just invited @maxkeiser and me on his show to debate Bitcoin. I accepted but Max refused the invitation. So I win by default. I would have preferred an active victory, but at least this way Max can’t scream and call me names!
â Peter Schiff (@PeterSchiff) February 17, 2020
Alex Jones has capitulated. After 10 years of watching the #Bitcoin bubble inflate, at $10,000 per coin he thinks now’s the time to urge his listeners to buy. This is how manias end. Greed overwhelms reason as people once too sensible to buy join the party just as it’s ending.
â Peter Schiff (@PeterSchiff) February 17, 2020
Back in 2011, when #Bitcoin was $1, @KeiserReport told our global audience: âBitcoin is the currency of resistance, the new, better Gold. Itâs going to $100,000. Itâs the best way to fight fiat-money, corrupt bankers. Everyone should buy Bitcoinâ.pic.twitter.com/AfDdJgHdE7
â BITCOIN IS PEACE đđ (@realmaxkeiser) February 15, 2020
Signal That Preceded 10% Bitcoin Boom Appears Again, and Itâs Big for Bulls
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MAX KEISER BITCOIN PREDICTION: MILLIONS OF PEOPLE WILL LOGICALLY BUY BTC INSTEAD OF PAYING TAXES!
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RT host of the Keiser Report, BTC pioneer Max Keiser shared his latest Bitcoin prediction on Crypto Twitter in the following recent tweet:
âWeâre in a post nation-state, post sovereign currency as entire world becomes obsessed with Bitcoin. PREDICTION: Millions of people around the world will logically buy BTC instead of paying taxes. Governments will be powerless to stop this.â
When it comes to an actual BTC price prediction, Max also shared the following:
âJust to be clear, the risk of buying Bitcoin today HAS NEVER BEEN LOWER and the upside is still huge, like 80x. This is why institutions are pouring in now. The risk has never been lower.â
For BTC to 80x from the time of his bullish prediction, would put the Bitcoin price at about $1.4 million per BTC.
In other trending Bitcoin News today:
Macro Guru Raoul Pal Reports Game-Changing Crush of Institutional Money Pouring Into Bitcoin, Updates BTC Price Prediction
Former Goldman Sachs fund manager and current Real Vision CEO Raoul Pal says heâs witnessing an unprecedented crush of institutional money buying Bitcoin.
In a new interview with CTâs Giovanni Pigni, Pal says BTCâs return to near $20,000 levels is just the beginning.
âFrom what I know, and I know a lot of people in the industry, they are all onboarding institutional clients, family offices, endowments, at an enormous pace. But $20,000 here is not the same as $20,000 back then [in 2017]. Back then it had gone up 100 fold when it got up to $20,000, we havenât even started this yet.
Later on, when things get speculative, we will see something similar potentially play out. But the difference is, where these guys are getting it wrong, is theyâre saying, âPeople arenât as interested.â Ya, but the real money is interested and thatâs a game changer.â
Pal says Bitcoin is one of the most unique trades heâs ever seen, and the top cryptocurrency will likely benefit in the months ahead regardless of which direction the global economy takes.
âRegardless of whatâs going on, that money is coming. Letâs look at the reasons. I have a feeling the vaccine takes until Q3 next year before itâs really rolled out. We look at the European economy, it is falling fast. I donât know how theyâre going to deal with Christmas and the New Year. The US economy has got the same problems.Â
I think it goes into lockdown in January and February once the Biden administration comes in because the virus over Thanksgiving, New Year, and Christmas is going to grow substantially. I think weâve got problems in India after Divali, where youâve got hundreds of millions of people together celebrating and I think weâre going to get a big second wave in India.â
Pal is updating his prediction for the current Bitcoin cycle. He says $150,000 is likely on the low-end, but he believes PlanBâs controversial estimates in the upper $250,000 range may end up being too conservative.
âIf I was to be conservative, Iâd say $150,000. If Iâm to be realistic knowing what I know about the flow of funds, I have a feeling that PlanBâs model is going to underprice the upside. I know everybody thinks on this cycle the price will be lower. I just donât see it because of the amount of money coming into the space.Â
I actually have a feeling it might be above his target of about $250,000 but I donât know. But I like that optionality. Worst case $150,000, best case north of $250,000. I mean, find me another trade in the world that looks like this.â
Pal, who is a longtime crypto investor, says he can afford to take a big risk on Bitcoin and now has about 75% of his liquid net worth in BTC.
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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.
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Ok, last bomb â I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20). I dont own anything else (except some bond calls and some $’s). 98% of my liquid net worth. See, you can’t categorize me except #irresponsiblylong Good night all.
â Raoul Pal (@RaoulGMI) November 30, 2020
Weâre in a post nation-state, post sovereign currency as entire world becomes obsessed with #Bitcoin PREDICTION: Millions of people around the world will logically buy BTC instead of paying taxes.
Governments will be powerless to stop this.
â Max Keiser (@maxkeiser) November 29, 2020
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OMG!! BITCOIN BREAKING OUT!! K IS NEXT ONCE K ALL-TIME HIGH IS CLEARED!!
âĄïž REPLAY: âThe Crypto Catch-Upâ â http://teeka.cryptonewsalerts.net
BITCOIN COULD HIT $50,000 IF IT SECURES ALL-TIME HIGH!!
BTC is literally skyrocketing right now above $18,000.Â
In the past 30 days the leading cryptocurrency has gained 60% which represents over $6,000 in gains.
Analysts are confident that further Bitcoin gains are on the horizon.
According to Mike McGlone, a senior commodity analyst or strategist at Bloomberg Intelligence, Bitcoin passing its previous all-time high at $20,000 will cause a large move higher.
McGlone went as far as to say that the cryptocurrency passing $20,000 per BTC could trigger a move to a $1 trillion market cap for all Bitcoin.Â
This corresponds with approximately $50,000 per Bitcoin, a price $32,000 higher than the current BTC price point of $18,000.
â$20,000 Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap â The digital version of gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is risingâŠâÂ
Analysts think that Bitcoin moves beyond $50,000 in this market cycle, despite how impressive a rally to $50,000 would be.Â
The Winklevoss Twins, the co-founders of Gemini and long-time BTC holders, recently stated that the cryptocurrency could pass $500,000 per coin in this market cycle:
âInflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in Bitcoin will run the fastest, overtaking goldâŠÂ
Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially. Software is eating the world and gold is on the menu.â
In other trending Bitcoin News today:
âMexicoâs Second-Richest Man Invests 10% of His Liquid Portfolio in Bitcoinâ
Ricardo Salinas Pliego, the second-wealthiest man in Mexico, has revealed that 10% of his âliquid portfolioâ is invested in BTC.
The billionaire shared a video captured in âa Latin countryâ depicting banks throwing out garbage bags filled with paper money into a dumpster.Â
He asserted that âpaper money is worth nothing,â adding: âThat is why it is always good to diversify our investment portfolio.â
The video appears to show bags of Venezuelan bolivars being thrown out, including 10,000 bolivar notes issued in 2016 and 2017 before the country redenominated its banknotes in 2018 amid an escalating inflation crisis.
Three hours later, Pliego then tweeted a recommendation for the book The Bitcoin Standard, asserting that âBitcoin protects the citizen from government expropriationâ and revealing his cryptocurrency investment:
âToday I recommend THE BITCOIN STANDARD, this book is the best and most important to understand Bitcoin. Bitcoin protects the citizen from government expropriation. Many people ask me if I have Bitcoins, YES. I have 10% of my liquid portfolio invested.â
Crypto Twitter reacted gleefully to the news that the worldâs 166th-wealthiest citizen is significantly invested in Bitcoin, with Krakenâs Dan Held proclaiming , âThe institutional herd is stampeding.â
Pliego responded to Held, saying that institutional adoption had manifested gradually since the launch of Grayscaleâs Bitcoin Investment Trust in 2016.
Pliego was born in 1955 in Mexico City and is the founder and chairman of Grupo Salinas, which owns businesses in media, telecommunications, finance and retail.
Salinas is also the chairman of TV Azteca, the second-largest producer of Spanish-language programming worldwide, and the second-largest media company in Mexico.
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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:
Mexico’s third richest man, owner of a media conglomerate, a bank, with the ear of the Mexican President, just disclosed his 10% BTC position, shilling @saifedean‘s “The Bitcoin Standard” in the process.
“Bitcoin protects the common citizen against government expropriation.” https://t.co/DEAUcuxFki
â David Puell (@kenoshaking) November 18, 2020
Offers getting pulled, as I predicted. Thereâs nothing of size for sale. $20,000 will come and go in a heartbeat. Nothing but air above that. $28,000 in play. #Bitcoin
â Max Keiser (@maxkeiser) November 17, 2020
$20,000 #Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap â
The digital version of #gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising.. pic.twitter.com/m4JSt5G09Nâ Mike McGlone (@mikemcglone11) November 16, 2020
#bitcoin $18K. Big difference with 2017 is that most BTC sold today will never see the daylight again, they disappear into deep cold storage. Buyers today are professionals with long term vision and staying power. pic.twitter.com/Ght9LGlfSV
â PlanB (@100trillionUSD) November 18, 2020
The Primary Hurdle Toward $50,000 Bitcoin Is the $20,000 All-Time High
https://cointelegraph.com/news/why-bitcoin-price-just-flash-crashed-6-after-rejecting-at-18-5k
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