BITCOIN IS GOING TO $10 MILLION PER COIN, SAYS MICHAEL SAYLOR!! BTC PRICE HITS FIVE-MONTH HIGH!!

💰 BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts​

Anthony Scaramucci, the former White House communications director and founder of investment firm SkyBridge Capital, has said Bitcoin could ‘easily’ hit $100,000 within the next 12 months as more companies and money managers are adopting it.

In an interview with Yahoo Finance on Wednesday, Scaramucci said he would advise investors to move the money that they do not need in the short-term to BTC. Bitcoin, he said, has a very big future.

Scaramucci has previously been critical of Bitcoin but has since become a believer. Last month, SkyBridge launched its Bitcoin Fund L.P with a $25 million capital. The fund’s minimum subscription size is $50,000 and it is about to cross $100 million in assets under management (AUM), the founder told Yahoo. The firm started investing in Bitcoin late last year. SkyBridge now has under $500 million worth of Bitcoin across all of its investments.

Scaramucci said money managers will soon be “benchmarked off of Bitcoin” and that a few percentage points of this will be related to digital currency. “So if you’re not going to be an investor in Bitcoin you’re effectively short Bitcoin,” he added, noting that the dominant cryptocurrency actually lifted his fund’s performance that took a hit at the beginning of the coronavirus pandemic.

“The SkyBridge Series G fund is up 33% since April 1, and some of that frankly has been the move in Bitcoin that we took advantage of in the fourth quarter of last year,” Scaramucci told Yahoo.

For him, Bitcoin is simply just going to work. In a previous interview, he said the GameStop fiasco is proof that Bitcoin is going to work. “How are you going to beat the decentralized crowd? That to me is more affirmation about decentralized finance,” he added.

In other breaking Bitcoin News today:

Jack Dorsey and Jay-Z to set up 500 BTC blind Bitcoin trust in India, Africa

Twitter CEO Jack Dorsey has announced the creation of a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million), along with rapper Jay-Z, for teams working on the project in India and Africa.

Dorsey revealed the creation of the trust on Feb. 12 while sending out a call for three board members to oversee the blind trust initially.

Dubbed the ₿Trust, the application form for board members reveals the mission statement, “Make Bitcoin the internet’s currency.”

The Twitter CEO’s tweet appeared just hours after news broke concerning India’s alleged plans to completely ban the use of cryptocurrencies within its borders. The world’s second-most populated country could soon move to ban all crypto-assets, giving users a 3–6 month grace period to liquidate their holdings, according to an anonymous source who spoke to Bloomberg.

On Feb. 10, Jack Dorsey donated $1 million to the Washington D.C-based nonprofit organization Coin Center which also received a $2 million donation from asset management firm Grayscale. Dorsey’s ongoing infatuation with Bitcoin recently saw him set up a Bitcoin full-node from his Macbook, meaning he now has a hand in verifying the Bitcoin blockchain.

In other trending Crypto news today:

BITCOIN SETS NEW HIGHS AS ALL EYES WATCH REACTION TO $50,000 RESISTANCE

Bitcoin and the entire crypto market have been caught within a strong uptrend throughout the past few days and weeks, with sellers unable to gain any profound control over the aggregated market.

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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:

JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development, initially focused on teams in Africa & India. It‘ll be set up as a blind irrevocable trust, taking zero direction from us. We need 3 board members to start: https://t.co/L4mRBryMJe

— jack (@jack) February 12, 2021

#Bitcoin is also front-running the Fed Because it’s better than Gold and its market cap is still small compared to Gold, stocks, bonds, property It has the most upside >> Because it’s perfect

➡️ 5 *MORE* COINS TO $5 MILLION REPLAY: http://5coins.cryptonewsalerts.net

Bitcoin Price to Surmount $20,000 In 18 Months

In an interview published on Saturday, Raoul Pal — ex-head of Goldman Sachs’ equity derivatives business and the current CEO of Goldman Sachs — remarked that he thinks the BTC price will rally to its $20,000 all-time high within the coming 12 to 18 months, despite the current crash seen in global markets.

This interview was released shortly after he remarked that he is more bullish than ever on Bitcoin (BTC), remarking that there’s a possibility that “all trust” in the “entire system” has been lost.

This was presumably in reference to the world’s response to the outbreak of COVID-19, which has revealed clear insecurities in the fabric of society, from politics to finance.

“If I could only own one asset for the next 10 years, it would be bitcoin, It encapsulates all of my larger macro views and feels like the point on the far horizon we are headed to, in some shape or form. Yes, like gold too and many other things but BTC risk/reward beats all.” – Raoul Pal

The former Goldman Sachs executive previously told prominent industry podcaster Stephan Livera that all popular asset classes are extremely expensive, except for Bitcoin and cryptocurrency.

Equities, he explained, are roughly at all-time highs, and are pushing extreme valuations for relatively little profit and potential. Bonds aren’t much better, Pal opines, drawing attention to the “virtually zero yields” — and negative yields in some cases — that debt deemed safe provides.

Even real estate isn’t attractive, with the prominent investor calling this asset class “unaffordable”, adding that it makes even less sense to purchase homes because they’re trading near all-time highs.

Hence, Bitcoin.

Fundstrat & eToro Analysts Predict Coronavirus Crisis May Strengthen Bitcoin

What has been driving recent Bitcoin price action?

Or perhaps more importantly, who? And why does it matter? 

Lead Digital Strategist at Fundstrat David Grider and Platinum Account Manager at eToro Simon Peters break down Bitcoin’s next move, how the coronavirus and financial crisis may impact the halving, and how Bitcoin’s fundamentals will affect its long-term prospects.

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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:

If I could only own one asset for the next 10 years, it would be bitcoin $BTC It encapsulates all of my larger macro views and feels like the point on the far horizon we are headed to, in some shape or form. Yes, like gold too and many other things but BTC risk/reward beats all.

— Raoul Pal (@RaoulGMI) January 31, 2020

Ex-Goldman Sachs Exec: Bitcoin Likely to Surmount $20k Within 18 Months

https://cointelegraph.com/news/fundstrat-etoro-analysts-predict-coronavirus-crisis-may-strengthen-bitcoin

➡️ REPLAY – Teeka Tiwari’s ‘Set For Life’ Summit: Register here: http://teeka.cryptonewsalerts.net

At a $100,000 Bitcoin price, the BTC market cap will be worth as much as Apple.

Seems like that’s the least we can do in this halving cycle according to a popular Crypto analyst.

The Bitcoin stock-to-flow model predicts a $100,000 BTC price for the first time on August 16th, 2021.

PlanB says Bitcoin could eclipse the prediction of his controversial stock-to-flow model (S2F) and meteorically rise to $864,000 in four years.

In an interview with cryptocurrency podcaster Peter McCormack, the quantitative analyst says he actually made a conservative bet when he predicted that BTC will hit $288,000.

“I’m on $288,000 as an average value. $100,000 would be very nice, too. But if you just follow the math, if you just follow the data, and I don’t mean the time-series model. So we’re not looking at Bitcoin only. We’re looking at gold, silver, diamonds, real estate, all that stuff. It’s $288,000.

That’s an average value. It could overshoot, like three times, like it did the last phases. I don’t want to mention the number. I try to be conservative all the time. But let’s say a 2x or a 3x from that $288,000, and then it crashes again, of course.”

PlanB also highlights the significance of getting a publicly-listed company to purchase hundreds of millions of dollars worth of BTC as a hedge against inflation.

“I noticed a lot of people didn’t see the importance of what MicroStrategy did but because it’s a listed company, it means that people can put Bitcoin or well [get] Bitcoin exposure in their pension funds.

They could just call their broker and, they can’t say ‘Well, get me some Bitcoin in my pension fund.’ But they can say, ‘Get me these and these and these companies. I want to have those in my pension scheme.’ In that way, you could see MicroStrategy as an ETF.”

Meanwhile, the crypto analyst remains confident in his S2F model and stresses the fact that it is following the script so far.

PlanB also notes that the king crypto is starting to seriously pique the interest of big-money players.

“We now are seeing pull from clients, from people that go to Fidelity and all the big players and ask for Bitcoin in their pension fund.”

But, the widely-followed analyst emphasizes that the S2F model is not infallible.

“The model can fail. It’s a model right. It’s a theory. It’s more to describe something and it’s quantitative so that helps. But it is a model. It can fail. Bitcoin will not fail. I don’t believe that.”

As for the Bitcoin’s current correction, PlanB says that the pullback is meant to scare new investors.

“Small Bitcoin test to shake out weak hands that entered May-Aug. If you can’t handle this, get out now. If you can, welcome to the club! Things to watch –will this be the first dip that stays above $10,000 – will we see a fast V-shape recovery next days.”

In other trending Bitcoin News today:

Sushiswap Creator Returns $14 Million After Community Cries Exit Scam

One week after the Sushiswap creator was accused of an exit scam, he has returned all of the coins he cashed out.

The anonymous creator also apologizes to the community, including to Binance which came under fire for listing the sushi token.

The creator of Sushiswap, the anonymous Chef Nomi, has returned $14 million worth of ETH to the project’s developer fund.

Chef Nomi tweeted Friday:

I have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of Sushiswap. In any currency (ETH/SUSHI/etc). With any lockup schedule you wish.

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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 have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of SushiSwap. In any currency (ETH/SUSHI/etc). With any lockup schedule you wish.https://t.co/QwFj5SeeuQ

— Chef Nomi #SushiSwap (@NomiChef) September 11, 2020

https://news.bitcoin.com/sushiswap-returns-14-million-exit-scam/

https://cointelegraph.com/news/bullish-pennant-hints-at-bitcoin-price-breakout-to-11-300