BITCOIN PRICE CAN HIT $29K NEXT WARNS CNBC CHARTMASTER!! TOM LEE UPS HIS YEAR END BTC TARGET BY 25%!

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Rick Rieder, Blackrock’s chief investment officer (CIO) of Global Fixed Income, was asked Friday in an interview with CNBC about his view on Bitcoin now that the cryptocurrency is legal tender in El Salvador.

“Part of why I own a small piece of BTC is I do think there are more people who are going to enter that fray over time … I like assets that are volatile that have upside convexity. I could see Bitcoin go up significantly.”

In other trending Bitcoin News today: Bitcoin investors are reportedly exempt from taxes in El Salvador!

The government of El Salvador will reportedly exempt investors from paying a capital gains tax and an income tax on Bitcoin (BTC), according to a presidential legal counsel.

“If a person has assets in Bitcoin and makes high profits, there will be no tax. This is done obviously to encourage foreign investment,” Argueta said, adding that El Salvador will impose no taxes on “either the capital increase or the income.”

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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://news.bitcoin.com/zimbabwean-minister-says-cryptocurrency-based-solutions-could-lower-charges-for-diaspora-remittances/

https://cointelegraph.com/news/bitcoin-investors-are-reportedly-exempt-from-taxes-in-el-salvador

https://news.bitcoin.com/bitcoin-could-go-up-significantly-cio-worlds-largest-asset-manager-blackrock/

Ukraine set to become next country to make Bitcoin legal tender

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Ethereum (ETH) co-founder turned Cardano (ADA) creator Charles Hoskinson said that he expects the Bitcoin price to be back over $10,000 and reach $100,000 in the future.

In a tweet published on Nov. 22, Hoskinson urged the cryptocurrency community that Bitcoin (BTC) is more than speculation, putting the blame on the latest drop in price on news media “FUD” – or fear, uncertainty and doubt – and market manipulation. 

He tweeted…

“Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future”

In other BTC news today:

Will the Bitcoin price plunge further? Analysts target $6,000.

BTC continued its downward slide and did not stop at $7k.

Support was smashed again and the king of Cryptocurrency fell into dangerous ground with a wick down to $6,800.

This is its lowest level since mid-May when things were all in the opposite direction.

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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:

Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future pic.twitter.com/9vlgH4S7u2

— Charles Hoskinson (@IOHK_Charles) November 22, 2019

Will the Bitcoin Price Plunge Further? Analysts Target $6,000

https://www.ccn.com/cardano-creator-sets-100k-price-target-for-bitcoin/

https://cointelegraph.com/news/crypto-is-unstoppable-bitcoin-will-hit-100k-says-cardano-founder

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ChainLink (LINK) is having an ‘Altcoin Season’ of its own – all over again.

LINK has been known to move against the trend, staging a similar rally in the second quarter.

The Chainlink crypto has now grown more than 49% in a single week, touching $2.97 last night, with predictions of easily reaching $3.

LINK has managed to grow to and all time high of $4.54, and may repeat this record. The ChainLink price is also growing against Bitcoin (BTC), already breaking its own record to above 34,000 Satoshi.

Are Altcoins ready to explode?!

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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:

5 Reasons Why ChainLink (LINK) Is Leading the Market Today

https://www.tradingview.com/chart/BTCUSD/Z1vb3kth-Bitcoin-Bullish-Signals-On-The-Daily-TimeFrame-11-111-Next/

I have had the 7.2-7.4k region as my bottom target for some time now, but if it is lost I think we test the mid 6k region and then we get our mega bounce to 14k+. Will be buying more spot all the way down and likely opening some low-leveraged longs in the mid 6k’s. $BTC pic.twitter.com/XfHdPdCRea

— Credible Crypto (@CredibleCrypto) October 9, 2019

$BTC – As you can see from the blue lines and volume profile Bitcoin price managed to break and close above the highest volume areas in this rangeThis will now typically act as support

$8,380s could act as resistance but price can run up to $8500s with a break above there pic.twitter.com/06PaiqdjTa

— Josh Rager 📈 (@Josh_Rager) October 8, 2019