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

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Bitcoin Bull Max Keiser Believes Shareholders Will Demand Corporations to Grab BTC Following Microstrategy’s $425M Acquisition.

Keiser stated that now shareholders of other big companies and corporations are going to demand to convert their cash reserves into Bitcoin as Tahini’s pro-Bitcoin restaurant chain has already begun to do.

The Nasdaq-traded business software producer Microstrategy amazed the crypto community by placing more if its cash into Bitcoin.

Back then, its CEO Michael Saylor tweeted that the company had acquired 16,796 Bitcoin for $175,000,000.

That was the second purchase of BTC by this company.

The first acquisition took place on Aug. 11, when Microstrategy acquired 21,454 BTC for a whopping $250,000,000, making headlines in crypto and mainstream media.

Bitcoin proponent Max Keiser tweeted that now shareholders will demand that corporations start acquiring Bitcoin with their spare cash.

$MSTR declares war on the Fed, Who will join them? *Every* CFO/CEO, per statues of corporate governance, is now obligated to examine their own “melting ice cube” Shareholders will now *DEMAND* they deploy idle cash to Bitcoin. Michael Saylor is a board room revolutionary”

He was, in fact, commenting on a tweet thread posted by the Canadian restaurant chain Tahini’s, which has recently converted all of its cash reserves to Bitcoin.

On Aug. 19, the Tahini’s franchise acquired BTC using all of its spare cash reserves down to the last dollar.

The CEO Omar Hamam tweeted that, despite difficulties after the lockdown and many of his staffers deciding not to go back to work (as they received stimulus checks), he decided that the stimulus cash he received from the government would no longer be a secure investment.

So he started educating himself on blockchain and Bitcoin and then decided to convert all of his company’s cash reserves in BTC.

In other trending Bitcoin News today:

MicroStrategy CEO Says ‘Bitcoin Scales Just Fine As Store Of Value’

Bitcoin (BTC) as a store of value “scales just fine,” the CEO of the company that just purchased 38,250 BTC has said.

In a tweet on Sep. 17, Michael Saylor revealed more information about MicroStrategy’s dramatic launch into Bitcoin.

“We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions. Bitcoin scales just fine as a store of value.”

Continuing, Saylor described a status quo where on-chain transactions for major investors will remain a rarity:

“If Bitcoin is treated as a treasury reserve asset, based on our model, 99.98% of all transactions will be off-chain, and assets-at-risk will be in cold storage 99.92% of the time.”

Off-chain transactions via solutions such as the Lightning Network allow Bitcoin transaction volume to increase without adding volume to the blockchain and raising fees to appeal to miners.

In his popular book, The Bitcoin Standard, Saifedean Ammous likewise argues that off-chain activity will become the norm once Bitcoin gains a much larger user base.

That could happen sooner rather than later.

Following the Pompliano interview, statistician Willy Woo picked up on Saylor highlighting the world’s 35,000 publicly traded companies that have spare cash reserves of $5 trillion.

“I make out if others follow MicroStrategy’s lead and even just 1% of that capital finds its way into BTC, that’s enough to blow Bitcoin cap to $2T,” he tweeted.

Woo added that given MicroStrategy took six months to approve its shift to Bitcoin, any copycat moves would begin to surface in 2021.

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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:

Some takeaways from @APompliano‘s interview with @michael_saylor, CEO of MicroStrategy, after their 38,250 BTC buy ($425m).Plot goes: “I’m a good thinker and a large financial player, this what I found researching Bitcoin coming from outside of the industry”Read on…

👇

— Willy Woo (@woonomic) September 18, 2020

Why did $425M MSTR buy not move #bitcoin price up? Because they bought carefully, thousands of small incognito algo orders over a period of weeks. Key thing: $425M is transferred from weak hands (shitcoiners, traders, noobs) to strong hands (hodl): reducing future sell pressure🚀 pic.twitter.com/bBJsAFj6iy

— PlanB (@100trillionUSD) September 17, 2020

What are the odds … that other cash-rich companies like Google, Apple, Microsoft will not get serious questions about #bitcoin at the next shareholder meeting, or even get sued for breaching their fiduciary obligation for not buying bitcoin and letting all that cash melt away? pic.twitter.com/QY1C0NbMjG

— PlanB (@100trillionUSD) September 17, 2020

Technicals Suggest Bitcoin Looks Ready For Another Leg Higher Over $11K

https://u.today/max-keiser-believes-shareholders-will-demand-corporations-to-grab-bitcoin-following-microstrategys

https://cointelegraph.com/news/microstrategy-ceo-says-bitcoin-scales-just-fine-as-store-of-value

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

A high-profile crypto strategist and trader is keeping a close watch on five crypto assets that he believes are gearing up to blast off into the stratosphere. In a new tweet, the trader known as Smart Contracter tells his 136,500 followers that Bitcoin (BTC) is almost ready to break out of its three-month consolidation above $50,000 en route to a new all-time high.

“BTC breakout activated. $80,000 next.”

In other trending Crypto News today: Ethereum breaks $500 billion market cap for first time as ETH price hits new $4,350 high. On May 12, Ether price set another historic record, surging to as high as $4,346, according to data from CoinMarketCap. Ether’s market capitalization briefly surpassed $500 billion, reaching nearly $505 billion on Wednesday

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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:

💥💥💥 Got this 24K gold crypto visa debit card w/ custom etched #Bitcoin logo b/c I closed out all my banks in the 🇺🇸, donated the rest of my fiat to charity & decided to live off crypto versus USD. 😎🚀 pic.twitter.com/61jrgFMzxy

— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) May 11, 2021

https://cointelegraph.com/news/how-did-internet-computer-icp-become-a-top-10-cryptocurrency-overnight

https://cointelegraph.com/news/bitcoin-price-bounces-despite-stocks-rout-as-ethereum-reaches-new-4-350-high

https://cointelegraph.com/news/ether-breaks-500-billion-market-cap-for-first-time

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

One of the few cryptocurrency analysts to correctly call the 2019 Bitcoin pullback says he believes BTC is gearing up to finally exit a long-term bear trend that began about two-and-a-half years ago.

In a series of charts, Dave the Wave highlights Bitcoin’s movements inside a symmetrical triangle dating back to late 2017.

Since the Bitcoin price failed to break above $10,300 earlier this week, Dave now expects BTC to reach a low of about $6,500 in September before it finally breaks out of the trend for good by April 15th of next year.

Dave is closely followed in crypto circles because he was one of the few strategists who told traders back in June of 2019, when Bitcoin was trading for $13,000, to prepare for a significant correction.

He predicted BTC would fall to a low-$6,000 range by the end of the year. BTC ended up hitting a bottom of around $6,400 in December.

Dave now believes the crypto king is preparing for a long-term parabolic rally to $150,000, hitting a peak sometime in the year 2023.

The analyst says Bitcoin is poised to benefit from fiscal stimulus and increased money printing, but he believes predictions that hyperinflation is coming are overblown.

Instead, he expects the dollar to remain relatively strong compared to other currencies as an overall fiat devaluation occurs.

“Many think hyperinflation, based on simple monetary theory, is the key that unlocks the mysteries of the monetary universe. In reality, it’s an ideology for lazy minds.”

In other trending Bitcoin News today:

BITCOIN IS PREPPED TO SURGE TO $14,000 AS PRICE CONSOLIDATES AT CRUCIAL LEVEL

For the third time in the past year, Bitcoin saw a strong rejection at the $10,500 price point on June 2nd.

Per a previous report from Bitcoinist published June 2nd, the leading cryptocurrency tanked by $1,500 in literally three minutes on BitMEX.

At its worse, the reversal meant that Bitcoin was down to $8,600 from the $10,450 highs, which resulted in over $100 million worth of long positions being liquidated on BitMEX alone.

Many immediately took the move as a harrowing sign as to whats’ to come for the cryptocurrency market: $10,500 marked the highs of the rally in October and the one that ended this February.

Each time, prices failed to pass BTC, then crashes followed.

But even in the face of the rejection, analysts are still optimistic about what comes next for Bitcoin.

Since the $2,000 drop, Bitcoin has jumped $1,200 higher.

The asset now trades at $9,800, consolidating in the $9,000s just days on from the crash that occurred. 

BTC remains below the $10,450 high, but the bounce back near the local highs have been welcomed.

One trader shared the image below on June 5th, writing that the asset is poised to see “more downside.”

What is being depicted is Bitcoin’s macro price action but inversed; inversion is a tactic often used by traders to “eliminate bias” from their analysis.

According to the trader’s analysis of the inversed chart, Bitcoin is prepared to rally back to the 2019 yearly highs of $14,000 in the coming weeks.

The same trader further indicated his bullish sentiment in another analysis. He said that as long as Bitcoin holds $9,600, which he marked as a notable level on a short-term perspective, he sees “no reason why 11k would not be next.”

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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:

$BTC Renko SimilaritiesDivergence present into ~18% correction.The correction began a fresh run for ~80% gains.Current PA is looking very similar in structure to the last significant BTC run.If I throw Cubans bands on the similarities continue.

Let this scare or excite. pic.twitter.com/ImXro3TqOf

— Cold Blooded Shiller (@ColdBloodShill) June 2, 2020