BITCOIN CAN REACH $700K BY END OF NEXT YEAR, SAYS TOP ANALYST!! BREWING BTC BULLISH EXPLOSION!!

➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net

BITCOIN COULD HIT $50,000 IF IT SECURES ALL-TIME HIGH!!

BTC is literally skyrocketing right now above $18,000. 

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. 

This corresponds with approximately $50,000 per Bitcoin, a price $32,000 higher than the current BTC price point of $18,000.

“$20,000 Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap — 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…” 

Analysts think that Bitcoin moves beyond $50,000 in this market cycle, despite how impressive a rally to $50,000 would be. 

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:

“Inflation 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 gold… 

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.”

In other trending Bitcoin News today:

“Mexico’s Second-Richest Man Invests 10% of His Liquid Portfolio in Bitcoin”

Ricardo Salinas Pliego, the second-wealthiest man in Mexico, has revealed that 10% of his “liquid portfolio” is invested in BTC.

The billionaire shared a video captured in “a Latin country” depicting banks throwing out garbage bags filled with paper money into a dumpster. 

He asserted that “paper money is worth nothing,” adding: “That is why it is always good to diversify our investment portfolio.”

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 “Bitcoin protects the citizen from government expropriation” and revealing his cryptocurrency investment:

“Today 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.”

Crypto Twitter reacted gleefully to the news that the world’s 166th-wealthiest citizen is significantly invested in Bitcoin, with Kraken’s Dan Held proclaiming , “The institutional herd is stampeding.”

Pliego responded to Held, saying that institutional adoption had manifested gradually since the launch of Grayscale’s 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

— David Puell (@kenoshaking) November 18, 2020

Offers getting pulled, as I predicted. There’s nothing of size for sale. $20,000 will come and go in a heartbeat. Nothing but air above that. $28,000 in play. #Bitcoin

— Max Keiser (@maxkeiser) November 17, 2020

$20,000 #Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap —
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/m4JSt5G09N

— 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

— PlanB (@100trillionUSD) November 18, 2020

The Primary Hurdle Toward $50,000 Bitcoin Is the $20,000 All-Time High

https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin

https://cointelegraph.com/news/why-bitcoin-price-just-flash-crashed-6-after-rejecting-at-18-5k

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

A new report from a crypto research group suggests that the Bitcoin price could approach $400,000 in the next 10 years, with altcoins following its bullish example.

In the June 2020 edition of the Crypto Research Report, researchers predicted the price of Bitcoin (BTC) and other altcoins — Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM) — would get a huge surge before 2025, which may continue for at least five years.  

“We believe that Bitcoin is still at the very start of its adoption curve,” the report states.

“The price of $7,200 at the end of 2019 suggests that Bitcoin has penetrated less than 0.44% of its total addressable markets [worth $212 trillion]. If this penetration manages to reach 10%, its non-discounted utility price should reach nearly $400,000.”

That would mean a price increase of more than 4,000% for BTC by 2030, but ETH, LTC and BCH are also looking bullish in this scenario, with surges of roughly 1,600%, 5,000% and 5,400%, respectively.

However, XLM would see the largest increase: more than 11,000% from $0.07 to $7.81. ‏‏

The ‎Liechtenstein-based research group analyzed cryptocurrencies based on their target addressable market, or TAM, a metric used “to estimate a cryptoasset’s implied future price.” 

According to the report, TAMs for cryptocurrencies include remittance, tax evasion, offshore accounts, store of value, online transactions, micropayments, crypto trading, gaming, online gambling, consumer loans, reserve currency and others.

The report also observed on- and off-chain velocity metrics for altcoins and concluded that the “growth in the number of speculative transactions on exchanges is faster than growth of utility transactions to buy goods and services.”

“On-chain velocity” is a metric measured by transactions on a blockchain, while “off-chain velocity” is determined by trading activity on crypto exchanges.

When analyzing Bitcoin, the researchers noted the price of the cryptocurrency and its activity on exchanges both increased at roughly the same time:

“If cryptocurrencies gain adoption for long-term hoarding purposes or for short-term spending on speculation or coffees, the price of crypto assets will go up,” the Crypto Research Report stated.

“High velocity on-chain and low velocity off-chain suggests that crypto assets are becoming increasingly used for speculation and not for store of value.”

In other trending Bitcoin News Today:

Why Top Traders Expect Bitcoin to Hit $13,000 Despite Short-Term Weakness

As NewsBTC reported previously, one analyst does believe that a continued defense of this crucial support region could be all that is needed to spark a movement up to highs of $12,000.

“I think, if we hold $8,800-8,900. From here to $9,600, then flip $9,300, crawling back up with acceleration above $10,000 and then $11,500-12,000 test,” he explained.

This analyst isn’t alone in believing that Bitcoin could be well-positioned to see some major upside in the coming days and weeks.

Another popular pseudonymous trader explained earlier today that a massive liquidity pool around $10,500 indicates that a move to this crucial resistance is imminent.

From here, he believes Bitcoin could then push up towards $13,000.

“Macro BTC context: still think we’re heading towards $13K mid term. Massive liquidity pool around 10.5k, price tends to visit those sooner or later.”

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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:

Macro $BTC context: still think we’re heading towards $13K mid term. Massive liquidity pool around 10.5k, price tends to visit those sooner or later. pic.twitter.com/cb7AxhGRi4

— SalsaTekila (@SalsaTekila) June 29, 2020

Why Top Traders Expect Bitcoin to Hit $13,000 Despite Short-Term Weakness

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

https://cointelegraph.com/news/crypto-research-report-predicts-397k-bitcoin-price-by-2030

💰 Crypto’s Next $1 Trillion Coin: http://teeka.cryptonewsalerts.net

Bitcoin (BTC) neared $60,000 on March 30 after PayPal confirmed that it had formally launched cryptocurrency payments.

“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,” President and CEO Dan Schulman told Reuters.

In other trending Bitcoin News today:

$1,000,000,000,000 To Flow Into Crypto Starting in April, Says Mike Novogratz

Galaxy Digital founder Mike Novogratz believes that $1 trillion dollars are about to be injected into the crypto sector.

In a Reuters Digital Assets Week interview, Novogratz says that as traditional financial institutions begin to offer cryptocurrency products, Baby Boomers, or those currently between 55 and 75 years old, could start dabbling in the space in April.

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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:

No paper money/ fiat currency these past 300 yrs has escaped a 99% loss in purchasing power and UBI and MMT won’t stop paper money from becoming worthless either.

The problem is with the money itself #Bitcoin fixes this.

— Max Keiser (@maxkeiser) March 29, 2021

https://cointelegraph.com/news/do-100k-300k-bitcoin-call-options-signal-a-bullish-btc-price-path

https://cointelegraph.com/news/bitcoin-jumps-past-59k-as-paypal-launches-crypto-payments-at-29m-merchants