BITCOIN HITS STOCK-TO-FLOW REBOUND LEVEL NOT SEEN SINCE 2017 ATH!! CRYPTO TO TRANSFORM 4 INDUSTRIES!

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Bitcoin Gigachad and MicroStrategy chief executive Michael Saylor predicts hundreds of trillions of dollars worth of investments will flow into BTC which can push the BTC price to as high as $14 million per coin.

Saylor ballparks that between $100 trillion and $300 trillion could seek a store of value in Bitcoin, and that’s just in today’s money. If Bitcoin were to reach the $300 trillion market cap Saylor outlines, that would bring each BTC to more than $14 million.

“So ultimately, the amount of monetary energy in the world that’s looking for a safe haven store of value, has got to be between $100 trillion and $250 trillion. Why not all of it? Why not $300 trillion or $350 trillion? The total sum of everything…

In theory, all monetary energy that’s simply looking for a store of value safe haven index should presumably drain out of real estate, cash, stocks and bonds into the Bitcoin network and as that happens the price discovery will return to real estate and bonds… 

The top is more than $100 trillion, it’s somewhere between $100 trillion and $300 trillion in today’s money.”

In other trending Bitcoin News today: El Salvador purchases first 400 BTC, President Bukele confirms!

El Salvador President Nayib Bukele confirmed Monday that his government has purchased its first 400 Bitcoin ahead of the Tuesday rollout of a new law set to make the cryptocurrency legal tender. 

“Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the Tuesday, Sept. 7, timetable for fully implementing the new BTC legislation.

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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/republic-of-panama-introduces-bill-for-regulating-crypto

https://cointelegraph.com/news/el-salvador-purchases-first-200-btc-president-bukele-confirms

https://cointelegraph.com/news/btc-price-further-crushes-resistance-nears-53k-on-el-salvador-bitcoin-day

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Amid hopes that Bitcoin will still hit $100,000 this year, Decentrader predicted that it may only be a matter of months before BTC is back on track.

“While we may not rally so hard and fast this time, fundamentally nothing has changed with how Bitcoin works, nothing is broken, we are just experiencing a lot of bad media coverage after a strong rally at the start of the year,” the company concluded.

“So we may well see price make its way back up to the stock to flow line in the coming months. This would mean new all-time highs for BTC before the end of this year, as the Stock to Flow line is currently sitting at $85,000.”

In other trending Bitcoin News today: Tanzania appears to be the latest emerging economy poised to embrace BTC and crypto assets.

On June 14, Tanzanian president Samia Suluhu Hassan urged the country’s central bank to begin exploring crypto assets. Hassan emphasized the increasing impact of digital assets on global finance, stating: “We have witnessed the emergence of a new journey through the internet.”

“My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

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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-price-could-hit-85k-in-months-as-indicators-flip-bullish-report

https://cointelegraph.com/news/tanzanian-president-urges-central-bank-to-prepare-for-crypto

https://cointelegraph.com/news/bitcoin-price-moves-toward-40k-as-on-chain-and-technical-analysis-favor-bulls

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This Bitcoin analyst says the Bitcoin price could surge as high as $50,000, but investors must stomach a nauseating purge first.

Nevertheless, Peter Brandt says that bitcoin bulls will likely face an even worse scenario, at least in the short-term.

The analyst predicts a move below $6,000, which would usher in an extended bear winter.

Even though bitcoin’s fundamentals have been making numerous advancements, Brandt says that a strong buy signal would only come once the Crypto Twitter bulls have all but disappeared.

A thorough cleansing might be required to jumpstart a full-blown bull market. Once the nightmare is over, Brandt expects that the Bitcoin (BTC) price would be ready to soar to $50,000.

Bitcoin’s Macro Outlook is Insanely Bullish, But BTC May First Visit Sub-$5,000

Bitcoin has been facing intense volatility over the past month, which first began when it incurred an explosive rally that sent it from $7,300 to highs of $10,600.

In the time since this occurred, BTC’s bears have been firmly in control, erasing nearly all of the gains that were produced in this rally.

In the short-term, analysts are noting that it seems nearly inevitable that BTC will dip below $5,000, but the long-term outlook still looks incredibly bullish, with one industry insider saying it is all but guaranteed that Bitcoin will eventually see $100,000.

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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 think you are correct — in terms of price anyway. My target of $5,500 is not far below today’s low. But I think the surprise might be in the duration and nature of market. I am thinking about a low in July 2020. That will wear out bulls quicker than a price correction.

— Peter Brandt (@PeterLBrandt) November 23, 2019

For those of you who can only see the dirt on my screen, here is a clean screenshot of Bitcoin’s head-and-shoulders top. The picture really doesn’t look any better if your long Bitcoin! pic.twitter.com/hXxCYMvu1R

— Peter Schiff (@PeterSchiff) November 21, 2019

https://www.ccn.com/bitcoin-price-will-rip-to-50000-but-only-after-a-nauseating-purge/