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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/vitalik-proposes-new-multidimensional-ethereum-fee-structure
https://cointelegraph.com/news/bitcoin-may-pass-30k-september-lows-trader-warns
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BITCOIN WILL SKYROCKET TO $5.2 MILLION PER BTC AS PRICE SOARS THROUGH 2021, PREDICTS CRYPTO EXPERTS!
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A panel of 50 Bitcoin and cryptocurrency experts has predicted the BTC price will continue to climb through 2021, hitting highs of around $80,000, before surging to $250,000 by 2025 and a staggering $5 million per Bitcoin by 2030.
The group, made up of crypto analysts, researchers and entrepreneurs, returned an average bitcoin price prediction of $80,021 in 2021 before ending the year at $71,415.Â
By the end of 2025 and 2030, panelists expect the bitcoin price to skyrocket to an average of $249,578 and $5.2 million per BTC respectively.
In other trending Bitcoin News today: Avalanche of Institutions To Descend on Crypto Markets Over Next 12 to 18 Months As Bitcoin Hits $150,000, Says SkyBridge Capital CEO!
âItâs likely to get to $150,000 over the next 12 months. Iâm going to stick with my earlier price target that I shared with you on our SALT talk when you did my podcast. I think itâs a hundred thousand by year-end. I just think itâs that because thereâs now a gateway opened⊠A gateway opened yesterday where an institution can now say âI can buy this.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:
https://cointelegraph.com/news/btc-price-on-the-way-to-90k-5-things-to-watch-in-bitcoin-this-wekk
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ASSET GIANT FIDELITY VALIDATES BITCOIN MODEL THAT PREDICTS BTC PRICE RISE TO ASSET GIANT FIDELITY VALIDATES BITCOIN MODEL THAT PREDICTS BTC PRICE RISE TO $1,000,000!!,000,000!!
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The trillion-dollar asset manager Fidelity is scrutinizing a popular and controversial Bitcoin price model.
A recent report from Fidelity Digital Assets analyzes the BTC stock-to-flow ratio, which divides the amount of a commodity in circulation by the amount mined per year.
Using the correlation between an assetâs price and its S2F ratio, the pseudonymous crypto analyst PlanB has predicted that the BTC price will soar to $1 million by 2029.
Although there is a fierce debate on whether the stock-to-flow ratio is an accurate way to forecast Bitcoinâs trajectory, Fidelity says the model is a credible tool for analyzing scarce assets.
The firm says historically, the metric is a sound way to judge whether a given commodity will become a successful store of value.
âCommodities with a stock that is difficult to double due to a low rate of production relative to existing supply have historically served as superior stores of value.
Such commodities are largely used for investment purposes, and occasionally industrial uses.
On the other hand, consumable commodities that are susceptible to large increases in supply, are less effective in storing value.
In the Bitcoin Standard, Saifedean Ammous adapted stock-to-flow to compare bitcoin to commodities used for investment and consumption and the use of the metric has since expanded and even given rise to models based on the ratio.
Gold, the most resilient store of value through the ages, has the highest stock-to-flow ratio, followed by Bitcoin (today) and silver.
Following the recent halving (May 2020), the gap between the gold and Bitcoin ratio compressed.
Bitcoinâs stock-to-flow will eclipse that of gold following the next halving (2024).â
Grayscale echoes Fidelityâs assessment that commodities with high S2F ratios are typically sought after by investors.
The investment giant looks at Bitcoin to illustrate the positive correlation between an assetâs price and its S2F ratio.
âCommodities with high stock-to-flow ratios such as Bitcoin, gold, and silver have historically been utilized as stores of value.â
However, Grayscale cautions that the S2F price model does not guarantee an increase in the assetâs value.
âWhile itâs true that price has followed this stock-to-flow model with high correlation, the relationship may be spurious and does not take into account the requisite demand for price appreciation.â
In other trending Bitcoin News today:
BLOOMBERG PREDICTS GOLD AT $3K, BITCOIN AT $20K IN CURRENT BULL RUN!
A bullish comment on gold by a top Bloomberg Intelligence analyst could leave Bitcoin in a similar upside spell.
âCentral banks essentially printing money to spur inflation is a solid foundation for the benchmark store of value,â McGlone said.
âGold bottomed at about $700 in 2008 and peaked near $1,900 in 2011. A similar-velocity 2.7x advance from this yearâs low-close near $1,470 would approach $4,000 by 2023.â
The analyst said in its June update that the cryptocurrency could hit $20,000 by the end of this year, citing increasingly favorable fundamental and technical factors.
They included its maturity as an asset, followed by its rising futures open interest and more buy-and-hold strategy among institutional investors.
âBitcoin ended 2019 at about $7,000, near the bottom of its range, favoring a shift toward the peak. Last year, the high was about $14,000, which would translate into almost double in 2020 if rotating within the recent band,â Mr. McGlone explained.
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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:
#Bitcoin Asymmetric ReturnLast 10 years (2011-2020):â 2 years negative return (2014, 2018)â 3 years [+25% -> +100%] return (2015, 2019, 2020)
â 5 years >100% return (of which 3 yrs >1000% return!) pic.twitter.com/WFatEzbG5Z
â PlanB (@100trillionUSD) August 26, 2020
The Fed, under the leadership of Jerome Powell, continues to be #Bitcoin‘s biggest booster. On Thursday, he will deliver a speech about how the Fed will begin targeting higher inflation. đ§ââïžđđhttps://t.co/MUXB2MRTp3
â Tyler Winklevoss (@tylerwinklevoss) August 25, 2020
Bloomberg Predicts Gold at $3K, Bitcoin at $20K in Current Bull Run
https://cointelegraph.com/news/tyler-winklevoss-says-us-fed-is-the-biggest-booster-of-bitcoin-price
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Bitcoin Price Still on Track to 0,000 Despite Recent Drop | BTC Crash NOT Due to Coronavirus
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Cryptocurrency analyst PlanB states that the Bitcoin price is still following his stock-to-flow model, which predicts that BTC, the top crypto by market capitalization is set to hit $100,000 before December 2021.Â
âS2F chart adjusted for todayâs âcrashâ ⊠nothing really happened, btc still spot on S2F trackâ
PlanBâs model attempts to forecast future price moves of Bitcoin (BTC) based on the correlation between the stock (the total available supply of the cryptocurrency) and its flow (the amount of newly minted coin).
So far, every reward halving has been game-changing for the crypto king, and the Dutch pundit doesnât expect the forthcoming supply cut to be any different.
In May, miners will start earning only 6.25 BTC per block. PlanB forecasted that the BTC price would trade above $10,000 after this halving while gradually moving to the aforementioned $100,000 target. Â
With the Bitcoin price tanking more than 10 percent, the cryptocurrency is showing anything but strength in the short-term.
Nonetheless, PlanB says that the cryptocurrency shows no sign of weakness just weeks before the halving since its mining difficulty is expected to increase by a âmassiveâ seven percent during todayâs adjustment.Â
Moreover, the analyst forecasts that BTCâs hashrate and difficulty will continue to increase after the Bitcoin halving, debunking the myth that there will be a miner capitulation.Â
Bitcoin Drop Due to 13K BTC PlusToken Scam, Not Coronavirus â Analysts
Bitcoin (BTC) began its sudden crash due to another giant sell-off from the PlusToken pyramid scheme, analysts are suggesting as BTC/USDÂ lost $8,000 support.
According to various online commentators citing Blockchain data, participants in the $2.9 billion scheme are again attempting to rid themselves of their BTC.
Ergo, the Twitter account that closely tracks PlusTokenâs activities, put the total funds involved at around 13,000 BTC or roughly $210 million at the current market price.
This time, Ergo said, the coins were going to mixing services to hide their traceability. Two feeder addresses have been identified, shedding their balances on March 5.
âBeen looking and theorizing about this for months and I canât see a scenario where the coins arenât being sold, at least to some degree,â the account summarized.Â
âThis was likely obvious to the exchanges starting in September. The accounts would have been frozen then.â
The account added, however, that selloffs were now occurring at a âmuch slower rateâ compared to a more intense period of activity in August last year.
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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:
~13k in new PlusToken mixer deposits in last 24 hrs.Almost all previous mixer deposit change has entered mixing, confirming my theory.Distributions still on/off. Much slower than September and November.
New report and full sit rep imminent. pic.twitter.com/vwrBuVk272
â Ergo âŽTxIDs Or It Didn’t Happen⎠(@ErgoBTC) March 6, 2020
Bitcoin Just Broke $8K: Here Are Important Supports Traders Must Watch
https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts
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