Bitcoin Price Will Quickly Reverse From Intense Plunge Because of These 3 Main Factors | BTC News

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Max Keiser believes that the Bitcoin price will shoot up to $50,000 per BTC as a result of Warren Buffet moving into gold.

The vocal Bitcoin proponent and TV anchor Max Keiser has commented on the recent decision of Warren Buffett to move his funds from stakes in major global banks and make a bet on Barrick Gold miner stocks, saying that the Berkshire Hathaway CEO is wrong about gold, banks and, what’s more, he is likely to be wrong by chiding Bitcoin.

Bloomberg has reported that the world renowned investor, aka the Oracle of Omaha, Warren Buffett has decided to shift his investments from banks and move them into the stocks of Barrick Gold.

He has reduced his financial presence in several big name banks, such as JPMorgan Chase, Wells Fargo, etc, after many years of considering these institutions to be a ‘a good business as long as they don’t make major mistakes’, according to Bloomberg.

Previously, U.Today reported that the investment guru and a popular non-fiction writer Robert Kiyosaki slammed Buffett for his ‘old-dated strategy’ of ignoring gold, the stock market and Bitcoin, sitting on his billions of cash.

Now, Warren Buffett has started to gradually move into gold. However, Max Kaiser believes that he is wrong about pretty much everything – gold, banks, airlines and Bitcoin, which Buffett previously referred to as “rat poison squared”.

Max Keiser believes that following Buffett’s move into gold, the global investment business is likely to bet 5 percent of its funds on gold.

This, in its turn, lead Keiser to believe that around 1 percent of the funds would be allocated into Bitcoin (following the recent move of MicroStrategy who bought $250 million worth of BTC). That’s $1 trillion.

“Global $100 trillion fund management biz is less than 1% invested in Gold. With Buffett now moving into Gold expect global allocation of 5% AU min. Expect a 1% BTC global allocation ($1 trillion).”

The crypto community and Bitcoiners in particular have always been critical about banks, referring to Bitcoin as something that would put them out of business.

As for gold, the Winklevoss twins have recently stated that unlike Bitcoin, gold has an infinite supply in the space (in particular referring to Elon Musk, NASA and their plan to explore gold and other precious metals on asteroids, while pitching Bitcoin to Dave Portnoy).

Tyler Winklevoss tweeted:

“The supply of gold is infinite in our galaxy, the supply of Bitcoin will always be fixed. Long-term, there will be no comparison between these assets. Gold will be to bitcoin in the future like sand is to gold today.”

In other trending Bitcoin News today:

Raoul Pal: Bitcoin will become best performing asset in the world!

Former Goldman Sachs employee Raoul Pal has been one of the most bullish on Bitcoin’s future in recent days.

Pal has made a bullish prediction for the first cryptocurrency by market capitalization and said that Bitcoin will be the best performing asset in the coming years.

Comparing it to other assets such as gold, stocks and commodities, Pal outlined:

“Almost everything is an inferior trade to Bitcoin (…) And there is nothing – except currently Ethereum and that’s in a shorter-term time horizon because it was underperforming massively – but on any meaningful time horizon, whether it’s one-year, two-year, three-year, four-year, five-year, six-year, Bitcoin’s basically outperforming everything, and it’s breaking out versus everything, or – another term – everything is breaking down versus Bitcoin.”

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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:

The supply of gold is infinite in our galaxy, the supply of #Bitcoin will always be fixed. Long-term, there will be no comparison between these assets. Gold will be to bitcoin in the future like sand is to gold today.

— Tyler Winklevoss (@tylerwinklevoss) August 14, 2020

Global $100 trillion fund management biz is less than 1% invested in Gold. With Buffett now moving into Gold expect global allocation of 5% AU min. Implies $5,000 Gold

Expect a 1% #BTC global allocation ($1 trillion).

This implies $50,000 for Bitcoin

Expect PTJ ups to 10%

— Max Keiser (@maxkeiser) August 14, 2020

These are all INCREDIBLY BULLISH long-term chart patterns. The probabilities in the charts suggest that Bitcoin is likely set to be the best performing major asset in the world over the next 24 months and by a big margin.

I remain #irresponsiblylongbitcoin #bitcoin $BTC

— Raoul Pal (@RaoulGMI) August 10, 2020

$BTC updateAnother good 4-hr close above supportPrice came down, retested and has bounced – will look for continuation to the upside

Still want to close above $11,900 on the daily pic.twitter.com/Dp1qsmvTFI

— Josh Rager 📈 (@Josh_Rager) August 12, 2020

As long as $BTC can hold $10,500 support, I think we continue to move up to test the 1.618 extension1.618 is at $13k and 2.618 is around $14,800

Yesterday’s drop was possibly price suppression and re-accumulation of longs and a bear trap on shorts to fuel the next push up pic.twitter.com/9UEs7T5Toe

— Jacob Canfield (@JacobCanfield) August 12, 2020

The US Dollar is “Ready to Break Down” – How This May Impact Bitcoin

https://www.crypto-news-flash.com/analyst-bitcoin-to-fall-to-critical-support-and-then-rise-to-to-14000/

https://u.today/warren-buffett-is-wrong-about-bitcoin-gold-banks-max-keiser

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Did Tech Giant Apple Purchase $2.5 Billion in Bitcoin?!! Well according to rumors floating around Crypto Twitter, Apple is set to make a huge announcement on Monday that they acquired $2.5 Billion Dollars in BTC.

Cryptocurrency influencer Crypto Cobain shared the following tweet to his 400,000+ Twitter followers: 

“APPLE SET TO ANNOUNCE $2.5B PURCHASE OF BITCOIN ON MONDAY – AG REPORTS VIA CMS”

In other trending Bitcoin News today: “Options Traders Aim For $100K Bitcoin Price By The End Of 2021!”

$100,000 is still in play according to options markets according to the Black & Scholes model, the current $1,185 price for the $100,000 call option has a 13% mathematical probability. It is worth noting that this methodology considers the price exclusively on Dec. 31 at 8:00 am ET and does not count the $99,999 price as a success.

Despite this, there is strong evidence that professional traders are still valuing the year-end $100,000 options. It might seem far-fetched right now, but Bitcoin’s volatility opens room for surprise, especially considering that there’s still half a year ahead.

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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/options-traders-aim-for-100k-bitcoin-by-the-end-of-2021-is-there-a-chance

What Happened Inside Max Kaiser ’s “F**k Elon” Party?

https://cointelegraph.com/news/paraguayan-lawmakers-to-present-bitcoin-bill-on-july-14

https://cointelegraph.com/news/great-buy-bitcoin-trades-at-record-59-below-stock-to-flow-btc-price-model-target

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Gold is experiencing outflows as investors embrace cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), according to Bloomberg commodity strategist Mike McGlone. 

The commodity strategist predicts a $100K BTC price as early as October as a result of a futures-based Bitcoin exchange-traded fund (ETF), a financial product that provides exposure to the flagship cryptocurrency via derivatives, could be launched by the end of next month.

“… potentially by the end of October. But [as] a futures-based ETF, kind of the way you track most commodities. … So it’s just a matter of time.

[U.S. Securities and Exchange Commission chair Gary] Gensler even hinted at that. It’d be a nice little baby step for the SEC. So it makes sense.”

In other trending Bitcoin News today: Bitcoin and Ethereum Looking Strong as Institutional Crypto Activity Hits Critical Mass: Mike Novogratz!

Billionaire and Galaxy Digital CEO Mike Novogratz says corporate interest in Bitcoin and Ethereum has never been higher.

In a new interview with CNBC, the top executive says that even though crypto markets just suffered through an “ugly” moment, institutional interest is clearly ramping up.

“We held 40,000 in BTC and 2,800 in ETH. These are important levels for people to watch [because] as long as those hold, the market is in very good shape.

I’ve seen nothing but engagement and activity from our investing and corporate clients. The level of inquiry [and] the level of business has never been higher. We see so much capital coming into the space in private ways and in public ways. I’m not nervous.”

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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://cointelegraph.com/news/too-grande-to-fail-bitcoin-price-stumbles-at-44k-as-china-plans-for-evergrande-s-implosion