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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the worldâs assets combined. So in the grand scheme of crypto, this is why many analyst believe weâre still so early.
âIf Bitcoin captures just 5% of the market cap of other assets on this chart, itâll be worth over $2M/coin.â
In other trending Bitcoin News today: Bitcoin bears lack âballsâ to continue selling into 2022!
BTC bears will probably be too âstonelessâ to keep prices down much longer, fresh Bitcoin price analysis argues.
In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoinâs recent 39% correction.
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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-and-ether-heading-100k-and-5k-in-2022-bloomberg-intelligence
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BITCOIN WILL HIT $500K AND MONEY STORED IN BTC WILL RUN THE FASTEST, OVERTAKING GOLD!
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The Winklevoss Twins, co-founders of the Gemini crypto exchange, recently stated that the Bitcoin price will hit $500K in the years ahead due to BTC having the potential to outpace gold:
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 BTC will run the fastest, overtaking goldâŠ
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
Raoul Pal, CEO of Real Vision and a former hedge fund manager, also recently stated that Bitcoin could hit $1,000,000 in this market cycle.
He believes that institutional investment in the cryptocurrency will drive this rally.
Pal recently stated that he has over 60% of his net worth in Bitcoin or Ethereum, citing his belief that the cryptocurrency market may be the best trade of his lifetime. He added that he would not be surprised to see his personal allocation to Bitcoin increase toward 80% or even higher in this market cycle.
According to a macro analysis by crypto-asset trader Josh Rager, Bitcoin is on the verge of an exponential uptrend.
The trader shared the chart below, noting that every time âBitcoin has closed above the previous monthly all-time high,â a 700-1,000 percent uptrend followed suit.
Bitcoin will likely do this once again if November closes above $14,000.
What could follow is a surge toward $100,000, or potentially even higher:
âEvery time Bitcoin has closed above the previous monthly all-time high â a 700% to 1000% uptrend has followed. November could be the first monthly close that we see breaking the previous high and historically thatâs been a very bullish sign for the crypto marketâ
In other trending Bitcoin News today:
âBitcoin Price Climbing to $20,000 and Volatility Spike in November Very Likely: Kraken Reportâ
Kraken released its August Bitcoin Volatility Report 2 months ago.
Then the cryptocurrency exchange sounded supremely confident about BTC registering higher highs as the year ends.
In its October version of the same report, Kraken has maintained its bullish stance.
November will see bitcoin log much higher price and volatility rallies.
Also, BTC might as well be on the way to reclaiming the previous all-time high of $20,000. In other breaking BTC news today:
âIran Becomes First Country to Embrace Bitcoin as Medium of Exchangeâ
Max Keiser, host of the Keiser Report recently tweeted:
âIran is winning Global Hash War. America is being left behind. Very little time left for US to get going otherwise US economy will get REKTâ
The Central Bank of Iran (CBI) announced Thursday that it would be utilizing legally mined cryptocurrency to pay for imports.Â
Bitcoin, which political dissidents in the United States and beyond have been using after being locked out of banking services, will be mined by
Iranians with subsidized electricity from three of the nationâs power plants.
They are the first nation to declare the currency an official medium of exchange.Â
Iran is taking these measures due to aggressive attacks on its economy by the United States Treasury, which is controlled by Jewish investment bankers Steve Mnuchin and Justin Muzinich.Â
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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:
Iran is winning Global Hash War America is being left behind
Very little time left for US to get going otherwise US economy will get REKThttps://t.co/CPgTxiR1IJ
â Max Keiser (@maxkeiser) November 11, 2020
Macro Analysis Predicts Bitcoin Has Begun Rally Toward $100k
https://finance.yahoo.com/news/world-second-biggest-bank-issue-092348073.html
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Bitcoin Price To Reach K As Fed Prints and Buys Too Many Dollars | PayPal BTC 'Global Hash War'
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Former Wall Street hedge fund manager and prominent investor Mike Novogratz recently said that the Bitcoin price could break the coveted $10k mark soon and jump to $20,000 per BTC.
He also noted that the digitalization of money had begun worldwide, and the US needs to catch up with other nations such as China.
Novogratz is the CEO of the cryptocurrency investment firm Galaxy Investment Partners and a long-time Bitcoin proponent.
In mid-2019, he predicted that BTC would return to its all-time high price of $20,000 by the end of the year, which didnât happen.
The primary cryptocurrency descended in value towards the end of 2019, and Novogratz made another forecast that it will finish 2020 at about $12,000.
In a recent interview, however, he appeared much more bullish regarding the upcoming price developments.
While he refuted any assumptions that Bitcoin could displace the dollar as the main currency in the US anytime soon, he noted that people are turning to BTC and gold for the same reasons, which could ultimately boost the prices:
âWhy are people buying Bitcoin? They are buying it because of the same reason they are buying gold. Gold is on the highs, Bitcoin has come from being sold-off below $5,000, and itâs back at almost $10,000. Because people worry that the Fed and the Treasury are printing and buying too many dollars. We got this unholy alliance between huge fiscal stimulus by the Treasury and the Fed financing the whole thing.â
Therefore, as excessive amounts of USD continue to flood the economy, the dollar could experience a massive devaluation, Novogratz added.
To fight these adverse consequences, people âare using Bitcoin as a hedge for that.â
As such, he continued that âit will surprise me if we donât take down that $10,000 soon, and after that, you are going to see $14,000 and then $20,000.â
Novogratz also touched upon the topic of transitioning into a financial system entirely dominated by electronic transactions. He said that 93% of all transactions in China are completed electronically, while the US seems to be falling behind.
âWeâre moving into a digital era. And weâre still talking quarters vs. nickels. We need to get our act on the ball fast, or the US is going to fall way behind.
In other trending Bitcoin News today:
PayPal Bitcoin Rumor Boosts $12K BTC Price Rally Chances
Sudden suggestions that Bitcoin support is coming to PayPal and Venmo is causing traders to reassess the likelihood of a BTC price bull run.
Bitcoin (BTC) coming to PayPal and Venmo may be just a rumor, but some of the cryptocurrencyâs best-known names are turning bullish.
As the news hit that the payment processor was allegedly planning crypto buying and selling for its 305 million users, BTC/USD spiked to test resistance at $9,600.
Despite PayPal declining to confirm its plans, a wave of optimism has since flooded social media, with various figures welcoming the move while highlighting its irony.
âSlowly, then suddenly,â the Bitcoin Twitter account summarized. For RT host Max Keiser, the move appeared tied to competitive advantage.Â
Square, the sister company of Twitter, rolled out Bitcoin support with great success last year.
âBitcoinâs built-in game theory strikes again. Paypal, seeing $SQ making a killing with BTC, is forced to take on BTC or suffer huge competitive consequences,â he tweeted.Â
âGlobal Hash War is coming!â
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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:
#Bitcoinâs built-in game theory strikes again.
Paypal, seeing $SQ making a killing with BTC, is forced to take on BTC or suffer huge competitive consequences.
Global Hash War is coming!
â Max Keiser (@maxkeiser) June 22, 2020
“PayPal seized my bitcoin, how do I get it back?!”
â Some poor pleb in the future
â Jameson Lopp (@lopp) June 23, 2020
https://cointelegraph.com/news/paypal-bitcoin-rumor-boosts-12k-btc-price-rally-chances
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BITCOIN (BTC) TARGETING BITCOIN (BTC) TARGETING $1,150,000 AFTER SHIFT IN FEDERAL RESERVER POLICY, SAYS REAL VISION CEO!!,150,000 AFTER SHIFT IN FEDERAL RESERVER POLICY, SAYS REAL VISION CEO!!
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Raoul Pal thinks Federal Reserve policies could lead Bitcoin (BTC) to 100x gains.
On Thursday, Fed Chairman Jerome Powell said that the U.S. central bank would prioritize keeping unemployment low over reigning in inflation.
Pal, the former head of European hedge fund sales for Goldman Sachs, says that the shift in monetary policy is lending major upside to gold and, to an even greater degree, Bitcoin.
âPowell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets â gold and Bitcoin.
Powell WANTS inflation. I donât think he gets true demand push inflation, but he will get fiat devaluation, in conjunction with the other central banks all on the same mission. Overall, I think Bitcoin outperforms gold. Gold can go up 2x or 3x or even 5x while Bitcoin can go up 50x or even 100x.â
The top cryptocurrency is currently trading at $11,496 so a 50x gain would mean a value of $574,800 per BTC, and a 100x gain would be a $1,149,600 Bitcoin price.
In the short term, Pal says both gold and BTC could drop further, and heâs loading up on Bitcoin and Ethereum amid the market downturn.
âGold has maybe 25% downside and Bitcoin 50%, so risk-adjusted BTC kills it. However, I own both but a LOT more BTC (and some ETH). Over time, all will rise again. Iâm buying more BTC and ETH as the price falls and my gold is in a vault not to be touched.â
Meanwhile, Pal says Ethereum (ETH) offers a unique use case.
â[Ethereum is] not a reserve asset but a call option on a future platform for finance and trusted ownership via smart contracts.â
In other trending Bitcoin News today:
Yearn.finance (YFI) Jumps to $25,000 Eclipsing Bitcoinâs All-Time High Price of $20k
Yearn.finance (YFI), one of the hottest crypto assets in the Ethereum decentralized finance space, has seen an extreme price performance in the past day.
The asset has gained approximately 30% in the past 24 hours. This is an outperformance of Bitcoinâs 1% gain and Ethereumâs 1.7% move higher.
YFI is currently trading above $25,000 at this time.
Whatâs especially notable about the rally in YFI is that it was launched just a month ago. Further, at the launch, creator Andre Cronje asserted that the cryptocurrency literally has âzero value.â
The crucial trend behind YFIâs ongoing move to the upside is it getting listed on another leading DeFi platform, Aave.
Aave is a money-market protocol that allows users to lend and borrow cryptocurrencies based on Ethereum. Aave announced the listing on August 28th.
This listing should provide YFI with some positive price pressure as that means holders can now earn further yields on their YFI.
YFI is also benefiting from the launch of Curveâs Curve DAO token (CRV).
The token is being used by Yearn.finance as a medium through which yield can be obtained on deposits of stablecoins like USD Coin and Tether.
These yields have become so attractive to investors that hundreds of millions have been siphoned into the Yearn.finance protocol.
This increase in deposits has led to an increase in the value of YFI, which is a proxy for the value of the Yearn.finance ecosystem.
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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:
I don’t think he gets true demand push inflation but he will get fiat devaluation, in conjunction with the other central banks all on the same mission.
Overall, I think #Bitcoin outperforms gold. Gold can go up 2x or 3x or even 5x while bitcoin can go up 50x or even 100x.
â Raoul Pal (@RaoulGMI) August 28, 2020
Prepare to be patient in #Bitcoin. Each up cycle takes longer to play out and is less extreme as absolute dollar value gets much larger.May or may not be another 6-12 months before price breaks up. Should not matter as end price point obscenely higher.
Hodlers rejoice. pic.twitter.com/IH7izyxXvm
â Dan Tapiero (@DTAPCAP) August 28, 2020
Yearn.finance (YFI) Jumps 30% Towards Bitcoinâs All-Time High Price of $20k
https://cointelegraph.com/news/history-shows-bitcoin-price-may-take-3-12-months-to-finally-break-20k
Post Views: 95