BITCOIN IS STILL HEADING TO $500K DESPITE RECENT CRASH SAYS ARK INVEST CEO!! WHAT’S NEXT FOR BTC?!!

➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net

PlanB, the widely-followed anonymous cryptocurrency analyst who first applied the stock-to-flow ratio to the Bitcoin price says, “The model is not built to last forever.”

The model, which tracks the circulating supply of an asset against the amount of new supply hitting the market has proved remarkably accurate for tracking Bitcoin’s past price action.

Using the model, the outlook from PlanB indicates the BTC price could hit $100,000 sometime around the year 2021 and break $1 million around 2025.

But in a new series of tweets, PlanB says he’ll be happy if the model maintains accuracy for the next two to three more halvings, which is the equivalent of about 4.5 to 8.5 years.

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

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.

News Resources From Today’s Show:

Bitcoin YTD Performance Exceeds 140%, Outperforms Most Traditional Assets

This is becoming scary: using Oct instead of Dec data, Stock-to-Flow model fit improves to 99.5% R2! Model error was mainly caused by Nov2013 and Dec2017 ATH, so sampling without ATH gives less noise. Predicted #bitcoin prices increase: $100K (2020+), $1M (2024+), $10M (2028+)… pic.twitter.com/1WX6LOVxZW

— PlanB (@100trillionUSD) July 14, 2019

I normally don’t deploy statistical models 120+ years out into the future. I would be happy if the model holds for 1 or 2 or maybe 3 more halvings. Especially since BTC is measured in $ .. who knows what happens with $ if the FED keeps doing more QE (money printing).

— PlanB (@100trillionUSD) October 31, 2019

Coins in Jan 2019 vs Nov 2019 $BTC = $3.7k –> $9.2k$ETH = $133 –> $185$LTC = $31 –> $58$XRP = .34c –> .29c$BNB = $5 –> $20 $LINK = .30 –> $2.68$EOS = $2.56 –> $3.31$BSV = $89 –> $132$BCH = $154 –> $294

MCap has 2x’d in USD & $XRP still ended up in the red.

👀— CryptoThies (@KingThies) November 3, 2019

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

Bitcoin Price on track for $100,000 in 2021…

Stock-to-Flow measures the BTC price using two factors: the stock – the number of Bitcoins in circulation – and the flow, which is the number of new Bitcoins entering circulation. 

Bitcoin’s low emission rate relative to its existing supply – like gold – means Stock-to-Flow constitutes useful evidence in the argument that Bitcoin (BTC) is “digital gold.”

The cryptocurrency’s run-up to $9,000 last week took it slightly over where Stock-to-Flow pricing forecasts suggested it might trade. 

Stock-to-Flow’s creator, the analyst known as PlanB, originally suggested that Bitcoin would hover at an average of in the year before its block reward halving in May 2020.

At that point, a 50% reduction in the number of new Bitcoins released to miners each block would further limit the flow versus the existing stock.

Thereafter, he has said, price performance should accelerate dramatically – by 2022, a single Bitcoin should be worth around $100,000.

In other Crypto news, one prominent analyst is noting that Bitcoin is currently on the brink of a massive parabolic rally that could send it to fresh all-time highs, although the cryptocurrency needs to break through a resistance level that currently sits roughly 64% above its current price.

Bitcoin’s Ongoing Rally Could Soon Turn Parabolic if Bulls Push it Above $14,200 

In order for this ongoing rally to be more than just a fleeting relief pump, bulls will need to build major strength and push it above $14,200.

NebraskanGooner – a well-respected cryptocurrency analyst on Twitter – spoke about the importance of this level in a recent tweet, telling his followers that a weekly close above this price would open the gates for a rapid parabolic climb to fresh all-time highs of $75,000.

“History tells us that a weekly close above the 0.65 fibonacci will send BTC into a new parabolic bull run. The 0.236 fib has often acted as a bottom and the 4.23 fib has been exceeded each time. This means a weekly close above $14,200 would see BTC reach over $75,000,” he explained while referencing the levels marked on the below chart.

Follow Us:

➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

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:

#bitcoinHistory tells us that a weekly close above the 0.65 fibonacci will send BTC into a new parabolic bull run.The 0.236 fib has often acted as a bottom and the 4.23 fib has been exceeded each time.

This means a weekly close above $14,200 would see BTC reach over $75,000. pic.twitter.com/gBmUxx3nE7

— NebraskanGooner📈 (@nebraskangooner) January 20, 2020

Bitcoin Breaking This Single Level Will Spark a Parabolic 800% Rally

https://digitalik.net/btc/

https://cointelegraph.com/news/bitcoin-price-matches-stock-to-flow-forecast-as-100k-halving-nears

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Former Facebook executive-turned Bitcoin billionaire venture capitalist, Chamath Palihapitiya, has warned neither Biden nor Trump will help U.S. dollar – but holding BTC is an “insurance policy” that helps him to “sleep soundly at night.” “

The reality is that [the Federal Reserve and the U.S. Treasury] have printed so much money that the likelihood is that we’re going to continue to see asset price inflation independent of who’s in the White House,” Palihapitiya told CNBC’s Squawk Box this week, adding he holds bitcoin just “in case the central banks and governments of the world step on a landmine.”

The Fed and the Treasury have embarked on massive stimulus programs this year, injecting trillions of dollars in the financial system in an attempt to offset the economic damage caused by the coronavirus pandemic.

This unprecedented intervention, propelling the stock market to record highs even as unemployment has spiked and businesses struggle nationwide, has sparked fears among some investors that a severe bout of inflation is on the way.

Palihapitiya, who began his VC career while still at Facebook in 2011 and has backed the likes of big data analytics firm Palantir and Richard Branson’s space exploration company Virgin Galactic, has long argued Bitcoin serves as a long-term store of value and should be included in every investors’ portfolio.

“I still think that what I talked about sort of eight or nine years ago still holds, which is as a 1% hedge in our portfolio.” Chamath, who purchased 1,000,000 Bitcoin’s back in 2013 at about $80 per BTC says he expects the Bitcoin price to climb as high as $1 million per coin over the next 20 years.

However, Palihapitiya warned against the buying and selling of bitcoin for short-term profit, advising investors to hold it and “hope that you never need it because the amount of actual chaos that will drive bitcoin appreciation is not something we actually really want to see.”

“The reality is [bitcoin’s] fundamentally not [correlated with stock markets] because it is underpinned by a set of beliefs that are completely orthogonal to the orthodoxy that runs the world today, and it is completely the inverse of how the financial infrastructure of the world operates,” Palihapitiya said.

In other trending Bitcoin News today:

Crypto Strategist Who Called Bitcoin’s Massive Collapse in 2018 Says BTC Poised to Flash Major Buy Signal

A veteran commodities trader known for accurately predicting Bitcoin’s epic fall from $20,000 says that the leading cryptocurrency is on the cusp of flashing a major buy signal.

Peter Brandt, CEO of trading firm Factor Trading Co., is sharing a chart that shows the crypto king is poised to break out of a symmetrical triangle dating back to 2017.

BTC now needs to close out the week above the $11,100 mark for confirmation.

Brandt cites large Bitcoin purchases from payments giant Square and business intelligence company MicroStrategy as significant fundamental factors driving Bitcoin’s price.

Collectively, the two companies have bought $500 million worth of Bitcoin within the last month.

“It is a major development that a global corporation is now putting BTC onto its balance sheet. The weekly and daily charts a poised to flash a big buy signal.”

Back in January, Brandt said Bitcoin could surpass $100,000 in its current long-term cycle.

However, as the COVID-19 pandemic continues to hit financial markets, the veteran technical trader revealed last month that he exited the crypto market and moved his assets to the US dollar.

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on Spotify: http://spotify.cryptonewsalerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

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://www.forbes.com/sites/billybambrough/2020/10/11/neither-trump-nor-biden-will-help-the-us-dollar-warns-early-facebook-exec-calls-bitcoin-an-insurance-policy/#6bacf1a8360a

https://news.bitcoin.com/here-are-the-top-public-companies-that-have-adopted-bitcoin-as-a-reserve-asset/