BITCOIN PRICE IS UP BY 838 MILLION PERCENT IN LAST 10 YEARS!!! | #post_titleM BTC Price Prediction!

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MicroStrategy CEO Michael Saylor believes the Bitcoin price can easily hit the seven-digit mark.

In a new interview with FamilyOffice, Saylor says Bitcoin could appreciate a hundredfold to reach a price of $5 million per BTC.

“I can see bitcoin going to a million. I can see it going to $5 million… because if it simply replaces all the indexes as a monetary index money, why shouldn’t it go to $100 trillion in market cap or something?”

Saylor, whose company MicroStrategy now owns 91,326 Bitcoin, points out that the flagship crypto asset is currently a “screaming signal” to investors, and this is aided by a rapid expansion in the money supply globally and the dominance of its blockchain network.

“In my life I’ve never seen something that was such a screaming signal. You’ve got a $200 to $300 trillion addressable market. You’ve got a problem – money is not sound. You’ve got engineered thermodynamically sound money. You’ve got a dominant network. Everybody’s decided it’s the network. It’s exploding.

The signal that is exploding is it’s growing 200% a year every year for 12 years running. That’s the signal.”

Saylor predicts that the flagship crypto asset’s growth rate is unlikely to be replicated by the FAANG (Facebook, Amazon, Apple, Netflix, Google) tech behemoths going forward, making Bitcoin the better bet.

“Now do I think Apple, Amazon, Facebook or Google are going to go up by a factor of 10 from this point? Not really. I think they’re plus 20, minus 20, plus 100… maybe they will double, maybe they will triple.”

Saylor adds that Bitcoin’s potential became far easier to understand following the economic fallout and increase in money printing that began early last year.

“[Bitcoin] got to be a much easier trade in March of 2020. And every month since March of 2020, it’s been de-risked exponentially, and then the need is exploding.”

In other trending Bitcoin News today:

Bitcoin Falls to Two-Week Lows as $6 Billion In Options Set to Expire – What’s Next?

Bitcoin’s (BTC) price has been in retreat, down 20% since the recent all-time high at $62,000 in mid-March. As crypto markets are frequently volatile, this may very well be another normal pullback within the current bull cycle. 

Corrections are needed to generate strength for further upward momentum as markets can’t go up in a straight line. Additionally, a record $6 billion expiration of options is expected on March 26, which often brings some volatility. 

It is also quite common for the market’s momentum to shift momentum once the options expiration date comes and goes.

The 4-hour chart shows an apparent downtrend since the recent all-time high at $62,000 with bearish support/resistance flips. 

Regardless, Bitcoin’s price has rejected the critical resistance zone at $56,500 in the latest rally after Tesla announced it has started accepting (and holding) BTC in the United States for its vehicles. 

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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://www.cnbc.com/2021/03/24/fidelity-to-launch-bitcoin-etf-as-investment-giant-builds-its-digital-asset-business-.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1616626200

https://cointelegraph.com/news/bitcoin-falls-to-two-week-lows-as-6-billion-in-options-set-to-expire-what-s-next

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Crypto veteran Bobby Lee says Bitcoin (BTC) is overdue for a massive FOMO (fear-of-missing-out) rally this market cycle.

“I’m very bullish on Bitcoin, especially for an end-of-year rally, a FOMO rally this year. So I expect Bitcoin prices to break out again in the next few weeks and months.

I think it’ll easily go over $100,000 and then depending on how sharp the rally is, it’s also likely to even touch $200,000 or even go above that.

Going above $200,000 is a huge milestone, so there’ll be a lot of media coverage and that’s what leads to what they call a fear-of-missing-out rally… I think that a FOMO rally for Bitcoin has been due for a long time now.”

In other trending Bitcoin News today: Missouri Mayor has funded project to give $1,000 in Bitcoin to every household.

Missouri Mayor Jayson Stewart plans to give every household in Cool Valley $1000 worth of Bitcoin. Cool Valley, Missouri, a small town in the St. Louis County area, has about 1,500 residents.

Stewart told Bitcoin Magazine, “Bitcoin is fundamentally American. It is the most American thing. Our government is built on freedom and personal liberty, and rights and self-sovereignty, and all of the things that Bitcoin really is. I think it’s a natural marriage that Bitcoin in America will thrive.”

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🔥 [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://dailyhodl.com/2021/09/29/bitcoin-overdue-for-big-fomo-rally-according-to-crypto-veteran-bobby-lee/

https://cryptopotato.com/canada-gets-its-first-btc-and-eth-multi-crypto-etf/

https://bitcoinmagazine.com/culture/missouri-mayor-to-give-1000-in-bitcoin-to-every-household

https://cointelegraph.com/news/is-40k-bitcoin-the-new-10k-btc-holds-43k-support-as-exchange-bitfinex-halts-trading

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Despite a fall this year of around 40%, many Bitcoin price metrics are still overwhelmingly bullish. The number of addresses holding over 1,000 coins, and the number of Bitcoin millionaires have both increased this year alongside network health indicators such as hash rate. The number of BTC addresses holding more than a thousand coins has hit a high of over 2,000 this month.

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🔥 [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 Millionaires, BTC Addresses Holding 1000+ Coins On The Rise

Here’s the chart for the number of Bitcoin Millionaires over time*, around 12,000 right now.There’s 36m Millionaires on this planet, it’s still early days if you believe BTC will be the new currency.*gross approximation, uses balance in unique addresses

Data by @coinmetrics pic.twitter.com/MMD3J4BETE

— Willy Woo (@woonomic) October 11, 2019