BITCOIN PRICE CAN STILL HIT $450K IN 2021, $135K IS ‘WORST-CASE SCENARIO’ SAYS PLANB!!

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Two market analysts have said Tim Draper’s bold Bitcoin price prediction might not be as far fetched as it seems.

The billionaire venture capitalist said recently that Bitcoin (BTC) would reach a price of $250,000 between six months and a year after the 2020 halving.

BKCM LLC’s Brian Kelly and Fund Strat’s Tom Lee both believe that Bitcoin will absorb capital from the gold market.

The analysts are not sure that such a colossal figure is achievable is such a short space of time, however, analysts agree: Draper’s $250,000 BTC price isn’t inconceivable.

Founder & CEO of the digital currency investment company BKCM LLC Brian Kelly said that although the prediction sounds “bizarro”, (BTC) Bitcoin is known for spectacular price runs, like those seen in 2013 and 2017.

Kelly identified that Bitcoin has been trading within a channel since 2013.

Extending that channel out to the end of 2022, the top is around the $250,000 per Bitcoin mark.

Kelly said that he agrees with the opinion of Draper and others that Bitcoin will absorb gold’s market share over the coming years.

However, he added that he was not sure that the digital asset would reach the $4.5 trillion market capitalization required to hit Draper’s predicted price by the start of 2023.

Next to weigh in on the Bitcoin price call was Fund Strat’s Tom Lee.

Like Draper and Kelly, Lee is overall bullish on Bitcoin.

However, he too is not sure about the tight time frame predicted by Draper.

He said:

“I don’t know if 24 months is how long it would take… If it took 5 years, I think it would still be considered a huge, massive, surprising success.”

In other Crypto news today, Gin Chao, the Chief Strategy Officer of Binance, told trade news outlet BlockTV earlier this year that historical trends imply the crypto asset market has a large amount of upside potential.

In fact, he states that if you take previous cycles into account, of which there were at least three, Bitcoin could find itself in the $50,000 to $100,000 range – around seven to 15 times higher than the current price of $7,200, respectively – in the coming decade.

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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:

Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain Why

Bitcoin at $250k? Analysts Weigh in on Draper’s “Bizarro” Call

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

Bitcoin has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests.

The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the BTC price rose by more than 1,900%.

First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin’s secular bull runs every time after halvings when the miner block reward gets cut in half. 

Cointelegraph Markets analyst Michaël van de Poppe reacted to Harington’s fractal theory, adding that it would lead the Bitcoin prices to the $250,000-$350,000 range.

“This makes a ton of sense and in line with my ideas too. 

Somewhere 2017 we are. Heavy breakout to come at a later stage to ~$250-350K and then landing on $65K in the bear market for Bitcoin.”

In other trending Bitcoin News today: Another Week of Institutional Accumulation: CoinShares Sees $42 Million Weekly Crypto Inflows!

Institutional investors have kept accumulating cryptocurrencies for five weeks in a row now, according to CoinShares’ latest report.

Digital asset investment products saw inflows totaling $42M last week. Inflows were seen across all digital assets and signals what we believe to be continued improving sentiment amongst investors.

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

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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/bitcoin-heavy-breakout-fractal-suggests-btc-price-can-hit-250-350k-in-2021

https://medium.com/coinshares/volume-47-digital-asset-fund-flows-weekly-973795359933

https://cryptopotato.com/another-week-of-institutional-accumulation-coinshares-sees-42-million-weekly-crypto-inflows/

https://dailyhodl.com/2021/09/20/more-than-1000000-el-salvador-citizens-now-use-bitcoin-just-days-after-making-btc-legal-tender/.%20%20%20%20Shao-Me

https://dailyhodl.com/2021/09/20/crypto-markets-nosedive-heres-how-far-bitcoin-can-fall-before-analyst-justin-bennett-flips-bullish-on-btc/.%20%20US%20Dollar%20Index

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‘Rich Dad, Poor Dad’ best selling author Robert Kiyosaki has again taken to Twitter to talk Bitcoin (BTC) to his followers in the context of the QE measures that the Fed Reserve resumed last week.

He also reminded the community that three weeks ago, the US Congress suggested giving the Fed access to $425 bln so it could “extend emergency support to failing businesses or struggling localities”, as reported by The New York Times.

The ‘Rich Dad, Poor Dad’ author said that ordinary people should buy more Bitcoin, as well as other safe haven physical assets – here’s why.

The famous investor Robert Kiyosaki, who made a fortune after the 2008 financial crisis on real estate and the author of a bestselling book on finance and investments, recently proved to be a major Bitcoin supporter.

Unlike other BTC bulls, he does not put gold and Bitcoin into opposing camps.

In his recent tweet, he reminded the community about the recent suggestion from republican US senators to create $425 bln in funding to be used by the Fed Reserve in order to support its emergency cash printing.

Kiyosaki referred to that with a rhetorical question, ‘Is Fed broke?’.

The investment guru reminded his followers that the Fed has been printing extra cash since 2008.

He fears that after the US Central Bank prints tons of money to bail out large corporations and SME, someone will have to bail out the Fed itself.

The investor fears that, eventually, it might have to be ordinary people.

“IS FED BROKE? Hidden in recent $2.2 Trillion Congress rescue bill was buried $425 Billion for Fed. Fed has been bailing out the world since 2008. Who bails out the Fed? Now we know. We are. Why are Fed and Treasury hiding this from us? Buy more gold silver & Bitcoin. SCREWED.”

In an earlier tweet, Kiyosaki said that the Fed could hardly go broke.

However, he added, it could lose the population’s trust.

In that case, Kiyosaki believes, the IMF will step in to support the fiat USD.

Robert Kiyosaki emphasized his skeptical attitude about the international monetary fiat system overall as well.

“FED CANNOT GO BROKE in theory. But people can lose confidence in Fed & US $. The $425 Billion US gave Fed secretly will expand to $4.25 Trillion of fake $ into economy for over $9 Trillion in fake Fed $. When confidence goes game over. IMF steps in. IMF stands for I M Fkd.”

Bitcoin Turned ‘Sell’ After A Key Technical Rejection Above $7K

Bitcoin was rejected above the $7,000 level and it declined heavily against the US Dollar. BTC price is currently trading in a bearish zone and it could continue to slide towards $6,400.

After forming a support base above the $6,700 level, bitcoin price started a fresh increase against the US Dollar.

BTC price climbed above the $6,900 and $7,000 levels, but it failed to gain bullish momentum.

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

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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:

IS FED BROKE? Hidden in recent $2.2 Trillion Congress rescue bill was buried $425 Billion for Fed. Fed has been bailing out the world since 2008. Who bails out the Fed? Now we know. We are. Why are Fed and Treasury hiding this from us? Buy more gold silver & Bitcoin. SCREWED.

— therealkiyosaki (@theRealKiyosaki) April 13, 2020

FED CANNOT GO BROKE in theory. But people can lose confidence in Fed & US $. The $425 Billion US gave Fed secretly will expand to $4.25 Trillion of fake $ into economy for over $9 Trillion in fake Fed $. When confidence goes game over. IMF steps in. IMF stands for I M Fkd.

— therealkiyosaki (@theRealKiyosaki) April 13, 2020

Bitcoin Turned ‘Sell’ After A Key Technical Rejection Above $7K

https://u.today/buy-more-bitcoin-btc-before-people-are-forced-to-bail-out-fed-rich-dad-poor-dad-author