BITCOIN BULL TOM LEE STILL SEES $100K BTC BY YEAR-END, SAYS VOLATILITY IS ITS OPPORTUNITY!!!!!

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

A sweeping new crypto report on the future of Bitcoin predicts the BTC price could rise to $397,000 – but it won’t happen overnight.

The latest analysis from the Liechtenstein-based Crypto Research Report, led by former cryptocurrency fund manager and Forbes 30 under 30 member Demelza Hays, assesses BTC based on its target addressable market (TAM).

The term is used to describe the overall revenue opportunity for a given product or service.

The report assumes Bitcoin’s use as a currency will outshine altcoins such as Ethereum, Bitcoin Cash, and Litecoin in the long run, and the firm’s analysts say BTC is likely at the very start of its adoption curve, with major upside potential in the decade to come.

The firm says its analysis is based on modest market penetration assumptions, meaning the cryptocurrency will penetrate 10% of the entire target addressable market, which includes store of value, remittance, offshore deposits, gaming, online gambling, unbanked financial services, lending, micropayments, crypto trading, and more.

“The target addressable market for crypto assets is approximately $212 trillion. The largest use cases include medium of exchange including all global fiat currencies worth $126 trillion and consumer loans with a global value of $42 trillion. If Bitcoin penetrated 10% of this market over the next ten years, each Bitcoin would be worth $397,000 in 2030.”

The report also analyzes Bitcoin’s transaction velocity, the state of privacy coins, and Tether’s impact on the price of BTC.

As for the altcoin market, the firm’s analysts look at the potential prices of four leading crypto assets over the next decade, forecasting Ethereum could hit $3,644 by 2030.

The report shows Litecoin targeting $2,252, Bitcoin Cash aiming at $13,016, and Stellar targeting $7.81 in the same time frame.

In other trending Bitcoin News today:

Bitcoin (BTC) Roaring Toward Exponential Bull Run, Says On-Chain Analyst Willy Woo

Crypto strategist and influencer Willy Woo says Bitcoin is ready to launch its next exponential bull.

In a viral tweet, Woo tells his 132,000 Twitter followers that the king cryptocurrency was primed to ignite a bullish onslaught in March until Covid-19 “killed the party.”

But the on-chain analyst’s new model, which signals the possible start of a new bull cycle, suggests that BTC may begin another bull run in July.

“This is a new model I’m working on, it picks the start of exponential bull runs.

1) Bitcoin was setting up for a bullish run until the COVID white swan killed the party.

2) This model suggests we are close to another bullish run. Maybe another month to go.”

Woo says the bull market delay brought about by the pandemic will turn out to be a welcome development for the largest cryptocurrency.

He says the long base-building process is serving as rocket fuel for BTC. “The longer this bull market takes to wind up, the higher the peak price (Top Cap model). A long sideways accumulation band is ultimately a good thing.”

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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:

This is a new model I’m working on, it picks the start of exponential bull runs.1) Bitcoin was setting up for a bullish run until the COVID white swan killed the party.

2) This model suggests we are close to another bullish run. Maybe another month to go. pic.twitter.com/wmoEdMVywF

— Willy Woo (@woonomic) June 27, 2020

https://cryptoresearch.report/wp-content/uploads/2020/06/Crypto-Research-Report-June-2020-ENG.pdf

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

Bitcoin (BTC) and other top crypto assets are trading far from their all-time highs.

According to data from TradingView, BTC is trading more than 50% below its all-time high, while Ethereum is down nearly 85%.

Most altcoins have registered even worst performances than the two market leaders, crushed as large players cashed out of the market during the 2017/2018 bubble.

Yet this hasn’t stopped investors from speculating where this nascent market could end up once the next market cycle peaks.

CRYPTO COULD HIT $10 TRILLION AS RETAIL MONEY FLOODS IN

According to Joseph Todaro — managing partner of crypto-centric fund Blocktown Capital — the crypto market’s capitalization could reach over $10 trillion in the next cycle as “retail money really starts flowing back in.”

$10 trillion is approximately 4,000% higher than the current aggregate value of digital assets at around $270 billion.

“When retail money really starts flowing back into crypto I wouldn’t be surprised to see a $10T+ market top”

In context, $10 trillion is a fair sum of value in the grand scheme of things.

Blockforce Capital chief executive Eric Ervin shared the chart below on June 9th, showing that the total market capitalization of the S&P 500 is $27.8 trillion.

At $10 trillion, crypto would be just over one-third of the current value of some of the most valuable companies in the world, including Apple, Microsoft, Facebook, and Amazon. $10 trillion is also around 50% of the U.S.’s national GDP in 2019 or around 10-12% of the global GDP.

Importantly, though, just because crypto’s market cap may reach $10 trillion may not mean that $10 trillion greenbacks have been deposited into Bitcoin exchanges.

Due to what is known as a fiat amplifier, which means that $1 worth of Bitcoin purchased may push up its market cap by more than $1, a $10 trillion industry may not be as hard to achieve as some may expect.

The expectation is that all cryptocurrencies will rally in the upcoming market cycle, but prominent names in the space expect the gains to be concentrated in Bitcoin.

Raoul Pal, chief executive of Real Vision and a former Goldman Sachs executive, has spoken on the matter on a number of occasions.

The investment veteran has said that he sees a world of cryptocurrency and blockchain as the future, but sees Bitcoin as the “call option” on that potential world coming to fruition.

That’s to say, if cryptocurrencies go mainstream, BTC will likely be the one leading the charge.

In other trending Bitcoin News today:

Bombshell Report Shows 36% of Institutional Investors Already Own Crypto Assets Such As Bitcoin and Ethereum

A new survey from the global asset management giant Fidelity shows 36% of institutional investors already own crypto assets.

Four out of five investors who are not yet in the market say they’re interested in holding cryptocurrency in the future and find at least one aspect of the emerging technology appealing.

“Almost 80% of institutional investors find something appealing about digital assets, with the three almost equally compelling characteristics across U.S. and European investors being: uncorrelated to other asset classes (36%); an innovative technology play (34%); and high potential upside (33%).”

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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:

When retail money really starts flowing back into crypto I wouldn’t be surprised to see a $10T+ market top

— Joseph Todaro (@JosephTodaro_) June 10, 2020

Fund Manager: Crypto Could Soon Rally 4,000% to a $10 Trillion Market Cap

https://cointelegraph.com/news/report-less-than-6-accounts-control-80-of-wealth-on-top-stablecoins

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Bitcoin closed October 2021, with 40% gains, the best BTC price action since December 2020, even beating the Q1 bull run. 

After a highly anticipated end to “Uptober,” Bitcoin bulls are now looking to November to provide the next phase of massive BTC gains.

Plan B, creator of the Bitcoin stock-to-flow model predicts BTC price closing the month of November above $98K while other crypto analyst predict $84K within the next couple weeks.

“Wave 2 projected peak of 84k Nov 9th-15th is still in play.” 

In other trending Bitcoin News today: Here’s When the Next Nasty Bitcoin Correction Could Happen, According to Crypto Analyst Nicholas Merten!

The analyst says that the $100,000 level will probably act as a massive point of resistance for Bitcoin, and potentially trigger a significant correction should it be hit.

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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:

https://news.bitcoin.com/ether-inferno-ethereum-network-burned-over-2-4-billion-worth-of-eth-in-87-days/

https://cointelegraph.com/news/uptober-closes-at-record-high-in-best-month-of-2021-5-things-to-watch-in-bitcoin-this-week