BITCOIN PRICE PREDICTION: 0K By 2021 Before Soaring Even Higher | Peter Schiff Calls BTC A Ponzi

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

Crypto analyst Nicholas Merten says Bitcoin may be only a couple of months away from surpassing its all-time high BTC price of $20,000.

On a new episode of DataDash, Merten looks at the boom and bust cycles of Bitcoin and says it is well-positioned to begin a parabolic rally.

“There’s a really interesting similarity that I’m seeing here when I take a look at the monthly chart of Bitcoin and the sense that has given me confidence that we’re just a couple of months away from getting back above $20,000. 

The first thing I want to focus on is the longer-term chart, the expanding cycles. We talked about this: about how each new cycle usually expands by around 11 to 13 months.

In this case, we added 12 months for the previous one just to keep it neutral and we’re expecting sometime in November 2022 to be the peak around $100,000.”

The crypto strategist says that his $100,000 BTC prediction is conservative, especially in comparison to other analysts who forecast Bitcoin surging as high $500,000.

Once BTC begins printing new highs, Merten believes a rising tide will lift all boats and spark a new altcoin season.

The analyst says that the Bitcoin dominance chart is already flashing signals that are similar to the 2015 – 2017 altcoin bull market.

“I think this historical similarity is a good sign that we could be in an early stage of an altcoin cycle coming up here very soon. And not to mention, during this time period, even though the broader altcoin space hasn’t really kicked off yet, we have got from 72% to 66% for market dominance for Bitcoin.

That’s gains for the altcoin space in general… If you are in the right place here even in these early moves, you can benefit quite greatly if you start to make the right calls.”

Merten believes that the new altcoin spring will be spearheaded by Ethereum.

He says the second-largest cryptocurrency is primed to erupt in a few months. “What we want to look for is an eventual breakout above this wedge and a continuation of higher lows and higher highs.

It looks like we’re formulating for that sometime around in the fall to the winter of 2020, lining up pretty close to our general estimations from what we can tell about altcoin dominance as well as Bitcoin.”

In other trending Bitcoin News today:

New Bitcoin Model Predicts BTC Will Shatter $100,000 Without Stock-to-Flow – Here’s How

A new Bitcoin price model sweeping across the cryptoverse predicts BTC will hit $100,000 – without relying on the popular yet controversial stock-to-flow (S2F) model.

In a tweetstorm, analyst Croesus says that PlanB’s S2F model, which forecasts BTC’s rise to $100,000 by 2021, has a lot of naysayers because it predicts Bitcoin rising dramatically in a relatively short period of time.

But Croesus points out that critics of the model fail to take into account the exponential increase that comes with the adoption of new technology, whether it is social media or Bitcoin.

The pseudonymous analyst assumes that Bitcoin has a total addressable market of 2.2 billion users based on the number of individuals in the world with a net worth of at least $10,000.

Croesus says that Bitcoin has a current market penetration of 10 million users based on the number of addresses holding less than $1,000 worth of BTC and including balances in crypto exchanges as well as ownership of Bitcoin derivatives.

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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:

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

Pantera Capital founder Dan Morehead is anticipating a $700,000 Bitcoin price on the heels of rising adoption rates. Launched in 2013, Pantera Capital is a crypto asset management firm that currently oversees more than $2.8 billion in assets.

In an interview on Yahoo Finance Live, Morehead outlines his bullish thesis, saying that the top crypto asset could hit $700,000 once everyone with a smartphone connects to the BTC network.

“We did a study showing the number of people using Bitcoin over the years and [the] price of Bitcoin. Both of those data series went up by an order of magnitude every two years. If that kept going, that would put Bitcoin at $700,000 when everybody with a smartphone uses it. Ten years’ time is a reasonable forecast.”

In other trending Bitcoin News today: $45B Asset Manager GoldenTree Has Reportedly Bought Bitcoin

The number of large institutions accumulating BTC continues to increase, with the latest example coming from GoldenTree.

GoldenTree Asset Management, a US asset management giant with $45B in AUM, has reportedly purchased portions of the primary cryptocurrency. The move aims to diversify some of the organization’s already existing strategies.

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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://cryptopotato.com/45b-asset-manager-goldentree-has-reportedly-bought-bitcoin/

https://cointelegraph.com/news/traders-forecast-3k-ethereum-price-but-derivatives-data-suggests-otherwise

https://cointelegraph.com/news/bitcoin-records-rare-10-day-winning-streak-as-btc-price-taps-42k-ceiling

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

According to Robert Kiyosaki, an American entrepreneur and ‘Rich Dad Poor Dad’ author, owning Bitcoin (BTC), silver, and gold is a wise decision because the “Federal Reserve is dead.”

He cited the increase in so-called “zombie companies” and their respective debts, purportedly at $900 billion.

Kiyosaki writes that the debt “zombies” have will pass $1.6 trillion next year, putting risk on the Federal Reserve.

“FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with decling income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? “Accept what ever comes to you woven in the tapestry of your destiny.” Marcus Aurelius. Take care.”

To combat this trend, alongside a potential debt crisis and money printing, Kiyosaki has effectively prescribed Bitcoin, silver, and gold.

He has mentioned those assets to his over one million followers ad nauseam over recent months.

The “Rich Dad Poor Dad” author says that those assets are “real money” while the fiat money printed by Federal Reserve is “fake.”

Kiyosaki isn’t only bullish on Bitcoin in spirit — he has a price target for the cryptocurrency.

He wrote in May that BTC could hit $75,000 in the next three years while the two precious metals also perform well.

Kiyosaki’s poignant comments on the economy and its relation to gold and Bitcoin comes as the precious metal has rallied.

In other trending Bitcoin News today:

Little-Known Crypto Asset Far Outperforms Bitcoin (BTC), Surging 5,000% Since April 2019 – Here’s Why

A low market-cap coin is gaining recognition after printing 5,000% gains since April 2019.

Crypto analyst and investor Alex Saunders tells his 35,000 Twitter followers that he came across Synthetix (SNX) after attending the Edcon Conference in Sydney last year.

“We were extremely early into a hidden gem & and it has been the best performing project in the best performing sector: decentralized finance.”

Synthetix is a derivatives trading platform built on the Ethereum blockchain that allows users to bet on a number of assets including stocks, crypto, fiat currencies, and commodities.

Those who wish to participate in the market can do so trading by their BTC or ETH into Synthetic Network Tokens (SNX), which can be locked up as collateral to produce synths such as the sUSD (synthetic US dollar).

Traders who hold synths can bet whether a particular stock or currency will rise or fall. What’s unique about Synthetix is that users who choose to stake their SNX tokens as collateral can earn rewards.

SNX’s value proposition of reducing circulating supply by introducing rewards, compelling users to stake massive amounts of coins, and enabling them to get exposure to other assets appears to be driving demand.

Synthetix is currently the third-largest DeFi platform with over $259 million worth of assets locked. The cryptocurrency has a market capitalization of $154.2 million according to CoinMarketCap.

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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:

FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with decling income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? “Accept what ever comes to you woven in the tapestry of your destiny.” Marcus Aurelius. Take care.

— therealkiyosaki (@theRealKiyosaki) June 28, 2020

ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.

— therealkiyosaki (@theRealKiyosaki) May 16, 2020

The best performing #DeFi project of the past two years is $SNX. It’s up 5000% since April 2019 Edcon Sydney. After seeing @synthetix_io presentation I told members this was a top 2 $ETH project & I was buying. We took some profit in Dec but kept HODLing for the long term. 🔥🚀📈 pic.twitter.com/TdImu7GsVY

— Alex Saunders 🇦🇺👨‍🔬 (@AlexSaundersAU) June 26, 2020

Rich Dad Poor Dad Author Promotes Bitcoin: “Federal Reserve Is Dead”

https://cointelegraph.com/news/new-bitcoin-price-model-suggests-exponential-bull-run-in-one-month