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An emerging crypto strategist and trader is unveiling a huge price target for Bitcoin (BTC) in the coming months as he believes the crypto asset is mirroring its 2017 bull market.
Based on the crypto analystâs chart, Bitcoin price can skyrocket entering into a mania phase here in Q4 of 2021 with a target range of $450K â $520K per BTC with the next bear market low range between $65k â $75K.
In other trending Bitcoin News today: Payments Giant Mastercard To Allow All Merchants and Banks To Integrate Crypto Into Their Services!
Mastercard is massively expanding crypto access for businesses as well as consumers.
In a new partnership with digital asset firm Bakkt, the payments giant is launching a range of options that will allow merchants and shoppers to utilize crypto in a number of different ways.
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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/south-korean-pension-fund-to-invest-in-bitcoin-etf-report
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BITCOIN HALVING: A New Class Of Millionaires May Emerge | BTC Halving Searches Go Parabolic
âĄïžÂ TEEKA TIWARI â The Investment of the Decade: http://2020.cryptonewsalerts.net
Crypto investors and hodlers alike are sitting on the edge of their seats, waiting to see what unfolds with the highly anticipated âBitcoin Halvingâ event that is scheduled to take place mid-May.Â
Since the Bitcoin (BTC) inception in 2009, the halving (also known as halvening), is an event that takes place roughly every 4 years.
During the halving, block rewards are cut in half, which in turn, limits the supply of bitcoins.
To date, there have only been 2 Bitcoin halvings. From a historical perspective, during previous halvings, each time the Bitcoin price has reached all-time new highs:Â
On November 28th, 2012, the first BTC halving occurred, which saw the BTC price increase from $11 to $1,000 around a year later.
During July 2016, the second halving took place and the price of Bitcoin was trading at around $700, and in 2017, the price skyrocketed to $20,000.
The third Bitcoin halving, which is scheduled to take place in May 2020 has seen some lofty predictions on Bitcoin prices.
Billionaire Bitcoin bull Tim Draper believes that the price of one BTC could rise to $250,000; Buffettâs Books founder Preston Pysh thinks that bitcoin could skyrocket to $300,000 after the halving; former Goldman Sachs hedge fund manager Raoul Pal predicts that the price of Bitcoin to hit $1,000,000 within 3 years; and Silk Road founder Ross Ulbricht predicted that it could hit an astronomical price of $333,000,000 per Bitcoin.Â
In other trending Bitcoin News today:
Bitcoin Halving Searches Go Parabolic: BTC Price Could Follow For 2 Reasons Firstly, data from Google Trends indicates that there is a muddy yet apparent correlation between interest in the term âbuy Bitcoinâ and the term âBitcoin halving,â suggesting the halving is convincing investors to buy BTC.
This assertion can be corroborated by on-chain data from Glassnode, a crypto analytics firm that has indicated two things over the past week:
Long-term Bitcoin investors have been accumulating more and more coins each day as the halving has drawn near.
In fact, they found that the âBitcoin Hodler Net Position Changeâ metric just established a fresh yearly high.
There are more than 17,000 ânew entitiesâ joining the Bitcoin network each day, which was a level of retail involvement last seen at the start of 2019âs bull run.
This would suggest that should as the halving continues to increase in popularity, so too should the publicâs propensity to buy Bitcoin.
Secondly, analyst âPlanBâ found that Bitcoinâs price will get a strong boost in the wake of the halving.
The model, accurate to 95% R squared (accurate in statistics lingo), suggests Bitcoin will have a fair value of $50,000 to $100,000 after the halving.
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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 Halving Searches Go Parabolic: BTC Price Could Follow For 2 Reasons
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MAX KEISER SAYS BITCOIN WILL GO UP ANOTHER 40X IN A PARABOLIC ASCENT HITTING $2 MILLION PER BTC!!!!!
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Bitcoin disciple Max Keiser said his BTC price target for this year remains $220,000 despite all the recent FUD which has crept into the crypto market over the past few weeks.
As host of The Keiser Report and Orange Pill Podcast, Max points to the 2008 financial crisis as the start of a spiral that brought forth and continues to fuel Bitcoinâs ascent.
Keiser, who is an early Bitcoin investor, says the digital assetâs parabolic ascent could ultimately take BTC to about the $2 million mark.
âTheyâre just going to keep printing. And well, you know, my Bitcoin is up 9,000,000% since I first bought it. And itâs probably going to go up another 40x.â
In other trending Bitcoin News today: Bitcoinâs off-chain data points to more upward momentum for BTC price.
After months of unrelenting turbulence, the crypto industry has been on somewhat of a tear over the last couple of weeks, with the total market capitalization of the space recently topping the $2 trillion mark for the first time since May.Â
In fact, over the last 21 days alone, a whopping $700 billion entered the digital asset sector, leading many to believe that more may be in the cards in the near term.
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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-s-off-chain-data-points-to-more-upward-momentum-for-btc-price
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BITCOIN WILL HIT BITCOIN WILL HIT $1 MILLION IN 5 YEARS!! THESE ALTCOINS COULD RISE 100-1000X THIS BTC BULL CYCLE!! MILLION IN 5 YEARS!! THESE ALTCOINS COULD RISE 100-1000X THIS BTC BULL CYCLE!!
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Raoul Pal, the former Goldman Sachs hedge-fund manager who founded Real Vision, said the Bitcoin price will hit $1 million in five years.Â
In an interview with Stansberry Research on October 7, he pinned the predicted the BTC price increase to a wave of institutional funds pouring an âenormous wall of moneyâ into the asset.
Bitcoinâs price has exploded about 40% year-to-date, and is currently worth $11,387. It is also the largest digital currency by market capitalization, with a current value of about $200 billion, according to data published by Statista.
âYeah, I think [$1 million is] about right. Just from what I know from all of the institutions and all of the people I speak to, there is an enormous wall of money coming into this,â he told host Daniela Cam-bone.
âItâs an enormous wall of money. Just the pipes arenât there to allow people to do it yet, and thatâs coming, but itâs on everybodyâs radar screen and thereâs a lot of smart people working on it.â
Pal, currently the co-founder and CEO of Global Macro Investor, said the global economy is moving from the âhope phaseâ to the âinsolvency phaseâ as investors realize an economic recovery from the COVID-19 pandemic will take much longer than anticipated.
âThe economy is not going to recover for a lot longer than we expect,â he said.
âThereâs no stimulus around and weâve got more problems to come in Europe, the US, and elsewhere. And businesses donât have enough cash flow, theyâre closing in droves and thatâs what I called the insolvency phase.â
âThe only answer is more from the central banks, so thatâs why I started to buy more and more Bitcoin,â he added.
At one point, Palâs portfolio used to be equally distributed between dollars, gold, equities, and Bitcoin.
But during the interview, he disclosed that the percentage of Bitcoin he holds is âprobably above 50% now.â
He admitted that the above 50% allocation exposes him to a significant downside, but accepts that as the upside is âso much bigger.â
In other trending Bitcoin News today:
Select Altcoins Could Rise 100-1000x in Renewed Bitcoin Bull Cycle, Says Crypto Trader Lark Davis â Here Are Some of His Top Picks
Popular cryptocurrency analyst Lark Davis says altcoins will prove to be the best investments of 2021.
In a new video, Davis discusses which altcoin sectors heâs bullish and bearish on going into the next year.
He says Bitcoin will do well, but suggests avoiding payment coins and Bitcoin forks like Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV), Litecoin, Dash (DASH) and others.
He believes that stablecoins âhave won the dayâ in that sector.
Davis also suggests avoiding new stablecoin projects and low-liquidity variants to the main players like Tether (USDT) and USD Coin (USDC).
Additionally, the analyst is bearish on Ethereum Classic, which he refers to as a âzombie chain.â
He also warns against investing in âcheap copy-and-paste DeFi,â given that there is a flood of clones still entering the market.
By contrast, Davis is bullish on âstrong DeFi playersâ like Aave (LEND), Synthetix (SNX) and Ren (REN). He also says traders with enough capital should try farming Compound (COMP) and Uniswap (UNI).
Davis says heâs especially interested in the rise of DeFi on strong smart-contract platforms not named Ethereum.
That includes Cardano (ADA), Polkastarter (POLS) and Acala (ACA) on Polkadot (DOT), as well as Kava (KAVA), BAND Protocol (BAND) and the upcoming Persistence on Cosmos (ATOM).
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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/i-would-not-short-bitcoin-buy-the-dip-zone-now-11k-says-tone-vays
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