BITCOIN LIKELY HEADING TO $5 MILLION PER BTC – HERE’S WHEN!!!! SCREAMING BTC BUY SIGNAL!!!!

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

Macroeconomics guru and Real Vision co-founder Raoul Pal believes that the market cap of Bitcoin and crypto can soar at least 100x from its current valuation of about $1.7 trillion.

In a new tweetstorm, the former Goldman Sachs manager tells his 419,800 followers that many traditional investors fail to see the potential of the crypto markets as they believe assets often revert back to their mean or their average price over time.

“I’m finding it fascinating to see traditional finance and business people first trying to get their heads around BTC, then other crypto protocols, then DeFi (decentralized finance) and now NFTs (non-fungible tokens). At every single stage in the rapidly evolving ecosystem, they have used mean-revertionist thinking as opposed to exponential network effects analysis and therefore everything looks like a bubble or a misallocation of capital.”

Pal adds that while many projects in the crypto space will die, those that survive will attract more participants which will take the industry to greater heights.

“As thousands of projects, all pushing boundaries, go through the same survive-or-die and then network effects, the entire ecosystem rises.”

The Real Vision executive also says he believes the digital asset revolution will facilitate the transfer and creation of wealth to the tune of hundreds of trillions of dollars.

“As the internet of value and trust accelerates, it is going to destroy more large old business models than maybe the internet itself. I know this sounds grandiose and hyperbolic, but the TAM (total addressable market) of the transfer, storage, accretion of value is the largest and most valuable on Earth…

This space will not be a $1.7 trillion ecosystem as it is today but a multi-hundred trillion dollar ecosystem eventually. You can embrace change or fight it, but you owe it to yourself to understand it as the pace of innovation is going exponential too.”

In other trending Bitcoin News today:

Bitcoin Whales ‘Bought The Dip’ As Orders For $100K Or More Hit All-Time Highs

Bitcoin (BTC) whales and institutions alike have made the most of the recent BTC price “dip” by buying big, data suggests.

In an update on March 9, on-chain analytics service Material Indicators noted that buy orders of $100,000 and higher on Binance — the biggest cryptocurrency exchange by volume worldwide — are reaching all-time highs.

In stark contrast to orders worth less than $100,000, larger buys are more frequent than ever before in Bitcoin’s history. 

Smaller allocations have plummeted in 2021, matching an existing narrative that institutions are scooping up liquidity on exchanges which surfaced during the recent bull run.

“The $100k – $1M class is now also about to make a new ATH,” Material Indicators commented on Twitter alongside a chart.

“Meaning, they bought the dip.”

Material Indicators previously voiced concerns about this week’s price rise, arguing that whales could “sell into” the surge, producing a repeat of the run to $58,000 all-time highs and subsequent 25% correction.

While this has so far not come to pass, analysts also noted that macroeconomic factors were also having a different impact to that which was expected.

🔥 Daily Letter: http://letter.cryptonewsalerts.net​​​​​​

🔥 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:

Gold is the poor man’s #Bitcoin

As availability for Bitcoin dries up, those hoping to escape inflation will be forced to buy Gold.

— Max Keiser (@maxkeiser) March 8, 2021

https://cointelegraph.com/news/coinbase-reportedly-hits-pre-ipo-valuation-of-100-billion-in-private-auction

https://cointelegraph.com/news/bitcoin-price-cracks-major-resistance-as-analyst-eyes-70k-destiny

https://cointelegraph.com/news/bitcoin-whales-bought-the-dip-as-orders-for-100k-or-more-hit-all-time-highs

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

$10,500 has become a level of utmost importance to the Bitcoin (BTC) market over the past year.

It marked the highs of two crucial rallies:

1) the Xi Pump that was seen in October of 2019,

2) the rally to $10,500 earlier this year.

Analysts say that if the cryptocurrency can decisively claim that level as support by closing above it on the daily, a larger move to follow.

“If BTC can re-claim these highs and close above on the daily I think we can start targeting 13k-14k.

If not we may be looking at a liquidity run and I’d start looking to next get long ideally at the yearly open, 7k-7.5k,” one analyst said.

The position was echoed by another analyst, Kelvin “Spartan Black ” Koh of The Spartan Group, a cryptocurrency investment firm and advisory.

The former Goldman Sachs partner explained in his own analysis on the importance of $10,500:

“We have been in this $10K holding pattern for almost a month but it is clear the market wants to creep higher. I am speculating we will blow through $10.5K within the next 2-3 weeks. When we do, the move to $13-14K will be swift.”

Fortunately, the cryptocurrency is currently positioning to surmount $10,500 in the coming days.

Analysts are noting that the fundamentals of the Bitcoin market are improving, which is supportive of higher prices.

As reported by Bitcoinist previously, technology analyst Kevin Rooke found that over the past week alone, Grayscale Investments purchased 9,503 BTC for its clients while miners produced 6,863 coins.

This is bullish because it shows that a single entity is consuming more Bitocin than miners produce, skewing the supply-demand dynamic in favor of bulls.

In other trending Bitcoin News today:

Bitcoin (BTC) Has Entered Crucial Zone That Preceded 8,066% Bull Run, According to Cryptocurrency Strategist PlanB

The most controversial analyst in crypto says Bitcoin has officially entered a zone that preceded each and every one of its previous parabolic bull runs.

According to the pseudonymous analyst PlanB, BTC is now in the early days of the “fear zone” phase.

The last time this happened in June of 2015, Bitcoin was valued at about $246.

Over the next two-and-a-half years, BTC gradually entered its third epic rally that brought the crypto king to an all-time high of $20,089 on December 17th, 2017 – an 8,066% increase.

PlanB’s analysis is among the most bullish and contentious in all of crypto. The latest version of his stock-to-flow model suggests BTC will hit $288,000 by the end of 2024.

Stock-to-flow has long been used to plot the price movements of precious metals. But critics say the model, which outlines Bitcoin’s scarcity by dividing the total supply by the number of new coins created each year, holds no predictive power because the cryptocurrency’s supply schedule is already known far in advance.

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.

Show Notes / Resources:

For those who are wondering if $10.5K $BTC will ever be broken.Post Black Thursday, we went from $4K to $7K in a week.It then took about a month before we convincing broke $7K.

But the move from $7K to $10K took 2 weeks.

— SpartanBlack (@SpartanBlack_1) June 5, 2020

If $BTC can re-claim these highs and close above on the daily I think we can start targeting 13k-14k. If not we may be looking at a liquidity run and I’d start looking to next get long ideally at the yearly open, 7k-7.5k.

I’m leaning bullish. Fuck the immoral bitcoin bears. pic.twitter.com/yJ2w67Z0I3

— Caesar (@Thrillmex) June 5, 2020

Some say S2F(X) model must be wrong because #BTC price is determined solely by scarcity (supply) and demand does not play a role.

However Nobel prize winning Capital Asset Pricing Model (CAPM) determines asset returns solely based on risk (volatility, dd) .. no demand, no supply pic.twitter.com/2NU1xs3YCn

— PlanB 🔴 (@100trillionUSD) June 4, 2020

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

The entire supply of Bitcoin will eventually go to the zealot DCA (Dollar Cost Average) army, bringing enough fiat into BTC that fiat ceases to exist.

So, strap yourselves in, suspend disbelief and allow me to show you an extreme example of how the wealthiest, most charitable 2% of the world’s workforce — about 70 million people (less than 1% of the close to eight billion people alive today) — could very realistically create a permanently upwards sloping Bitcoin price floor and drive the BTC price toward a (relatively) stable price of $1 million per coin within a year or so.

In other trending Bitcoin News today: Bitcoin and Ethereum hit resistance with $42.5K flip needed for BTC longs.

As ever, the longer the timeframe, the more bullish the take. 

“Next price discovery will be wild,” fellow trader Pentoshi forecast Thursday. Should BTC/USD manage to break its current $64,500 all-time highs, he said, $250,000 could follow.

🔥 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://bitcoinmagazine.com/markets/dca-army-drives-1-million-bitcoin-price

Top Trader Pentoshi Says Ethereum Ready To Outperform Bitcoin – Here’s Why

https://cointelegraph.com/news/vitalik-more-confident-about-the-merge-following-eth-s-successful-london-upgrade

https://cointelegraph.com/news/bitcoin-and-ethereum-hit-resistance-with-42-5k-flip-needed-for-btc-longs