BITCOIN IS ‘THE NEW GOLD’ SAYS US TELEVISION CELEBRITY LA LA ANTHONY, EXPECTS BTC TO HIT $200K!!

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The Bitcoin price moved 42% in the past 12 hours making it the 4th largest gain in history and the largest since May 10th, 2011.

The Cryptocurrency markets have been on fire with a $55 Billion cash injection making it one of the largest pumps in recent history.

3 reasons why the BTC price surged:

1 – President Xi Jinping supports blockchain in China.

2 – CME Bitcoin futures expired yesterday (4PM London time, last Friday of the month).

3 – Crypto Capital CEO arrested. Exchanges, such as Bitfinex, may get some of the seized 850 million back.

Anthony Pompliano tweeted, “BREAKING: Chinese President Xi Jinping just publicly supported China going all-in on blockchain technology across their economy.

This will be the space race of our generation. America has to embrace the technology, including Bitcoin, or we risk being left behind.”

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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.

News Resources From Today’s Show:

Three Reasons Why Bitcoin (BTC) Price Surged 40 Percent

$BTC has moved +42% today– 4th largest gain in history and largest since May/10/2011 (if comparing against daily returns).– 15th largest two-day gain in history, Nov/18/2013.Thank you China.

President Xi is the true Crypto Dad.

— Alex Krüger (@krugermacro) October 26, 2019

∙ Today’s volume so far: 1131 BTC∙ Last traded price: $8,622.50

∙ Trading day progress: 54% (if this continues: 100% equals to 2095 BTC)

— Bakkt Volume Bot (@BakktBot) October 25, 2019

3 reasons why #Bitcoin surged today:> CME Bitcoin futures expired today (4PM London time, last Friday of the month).> President Xi Jinping supports blockchain in China.

> Crypto Capital CEO arrested. Exchanges, such as Bitfinex, may get some of the seized 850 million back.

— Gabor Gurbacs (@gaborgurbacs) October 25, 2019

BREAKING: Chinese President Xi Jinping just publicly supported China going all-in on blockchain technology across their economy.This will be the space race of our generation.

America has to embrace the technology, including Bitcoin, or we risk being left behind.

— Pomp 🌪 (@APompliano) October 25, 2019

Someone tell President @realDonaldTrump that there are only 21 million Bitcoin and China is planning to buy them all. This is going to be the real US – China competition.That should get him to pay attention.

The guy hates losing and will try to buy them all😂🙈

— Pomp 🌪 (@APompliano) October 26, 2019

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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 world’s assets combined. So in the grand scheme of crypto, this is why many analyst believe we’re still so early.

“If Bitcoin captures just 5% of the market cap of other assets on this chart, it’ll be worth over $2M/coin.”

In other trending Bitcoin News today: Bitcoin bears lack ‘balls’ to continue selling into 2022!

BTC bears will probably be too “stoneless” 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 Bitcoin’s 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/binance-ceo-cz-richest-crypto-billionaire-at-96b-bloomberg

https://cointelegraph.com/news/disney-patents-technology-for-a-theme-park-metaverse

https://cointelegraph.com/news/most-bullish-macro-backdrop-in-75-years-5-things-to-watch-in-bitcoin-this-week

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For the umpteenth time this month, Bitcoin price failed to hold above the $10,000 resistance on June 10th.

Prominent investors in the cryptocurrency space, however, remain bullish on BTC due to a confluence of macroeconomic factors.

They say that in 2020, there’s a high likelihood Bitcoin revisits its all-time high price of $20,000.

A rally to $20,000 would mark a 112% rally from the current BTC price of $9,400.

Morgan Creek Digital partner Jason Williams believes that Bitcoin will hit $20,000 by October.

He argued in a recent tweet that such a performance would be “World Class” in such a relatively short time frame.

This is a slight adjustment made to a forecast of $20,000 by September that the crypto fund manager shared with the International Business Times in May.

“20k bitcoin by October. 2x is World Class in this timeframe. Remember that. I can’t stop looking at the next 7 days.”

In the tweet, the prominent Bitcoin investor didn’t elaborate on what evidence there is to back this prediction.

Yet in previous interviews, he has alluded to why he expects BTC to rally upwards of 100% in the coming four to five months.

Speaking to Thinking Crypto in May, Williams shared his opinion with the interviewer that he believes that the cryptocurrency industry is in a similar position to the internet/digital industry in the mid-1990s.

That’s to say, Bitcoin has a vast amount of upside in the coming years, potentially making $20,000 just the start of a larger rally.

Williams’ partners Mark Yusko and Anthony Pompliano are arguably even more bullish.

The other Morgan Creek Digital co-founders see the confluence of massive money printing by central banks and the block reward halving as “rocket fuel” for BTC.

Williams is not the only investor in the industry expecting a $20,000 Bitcoin in 2020.

BitMEX’s chief executive, Arthur Hayes recently said that his “end of 2020 price target remains $20,000.”

He argued in a March newsletter that central banks will dramatically bolster BTC’s value proposition, driving prices higher as investors acknowledge that.

Dan Morehead of Pantera Capital echoed this to a T, writing in a March newsletter that in a world where the value of fiat money is being constantly debased, the scarce Bitcoin stands to benefit:

“Now that we’re in the trillions, the deficit just simply has to have a positive impact on the price of things not quantitatively-easable — stocks, real estate, cryptocurrency relative to the price of money.

Said another way, the BTC/USD cross-currency rate will rise.

The price of bitcoin may set a new record in the next twelve months.”

In other trending Bitcoin news today:

Bitcoin Will Soon See the Exact Same Signal That Marked the Start of a 4,000% Rally

A prominent trader shared the chart below on June 13th, showing that Bitcoin’s two-week relative strength index (RSI) is about to break past a downtrend formed in the wake of the rally to $20,000.

This is important as the last time the two-week RSI looked as it did now was at the start of BTC’s previous bull run, prior to a ~4,000% move from ~$500 to $20,000.

The RSI breakout isn’t the only trend that has analysts believing that the start of a macro uptrend is on the horizon.

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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:

Another Top Investor Expects the Bitcoin Price to Erupt to $20,000 in 2020