BITCOIN SKYROCKETING TO $5 MILLION PER BTC IS A REAL POSSIBILITY EXPLAINS S2F MODEL CREATOR!!!!!

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

Bitcoin (BTC) and other top crypto assets are trading far from their all-time highs.

According to data from TradingView, BTC is trading more than 50% below its all-time high, while Ethereum is down nearly 85%.

Most altcoins have registered even worst performances than the two market leaders, crushed as large players cashed out of the market during the 2017/2018 bubble.

Yet this hasn’t stopped investors from speculating where this nascent market could end up once the next market cycle peaks.

CRYPTO COULD HIT $10 TRILLION AS RETAIL MONEY FLOODS IN

According to Joseph Todaro — managing partner of crypto-centric fund Blocktown Capital — the crypto market’s capitalization could reach over $10 trillion in the next cycle as “retail money really starts flowing back in.”

$10 trillion is approximately 4,000% higher than the current aggregate value of digital assets at around $270 billion.

“When retail money really starts flowing back into crypto I wouldn’t be surprised to see a $10T+ market top”

In context, $10 trillion is a fair sum of value in the grand scheme of things.

Blockforce Capital chief executive Eric Ervin shared the chart below on June 9th, showing that the total market capitalization of the S&P 500 is $27.8 trillion.

At $10 trillion, crypto would be just over one-third of the current value of some of the most valuable companies in the world, including Apple, Microsoft, Facebook, and Amazon. $10 trillion is also around 50% of the U.S.’s national GDP in 2019 or around 10-12% of the global GDP.

Importantly, though, just because crypto’s market cap may reach $10 trillion may not mean that $10 trillion greenbacks have been deposited into Bitcoin exchanges.

Due to what is known as a fiat amplifier, which means that $1 worth of Bitcoin purchased may push up its market cap by more than $1, a $10 trillion industry may not be as hard to achieve as some may expect.

The expectation is that all cryptocurrencies will rally in the upcoming market cycle, but prominent names in the space expect the gains to be concentrated in Bitcoin.

Raoul Pal, chief executive of Real Vision and a former Goldman Sachs executive, has spoken on the matter on a number of occasions.

The investment veteran has said that he sees a world of cryptocurrency and blockchain as the future, but sees Bitcoin as the “call option” on that potential world coming to fruition.

That’s to say, if cryptocurrencies go mainstream, BTC will likely be the one leading the charge.

In other trending Bitcoin News today:

Bombshell Report Shows 36% of Institutional Investors Already Own Crypto Assets Such As Bitcoin and Ethereum

A new survey from the global asset management giant Fidelity shows 36% of institutional investors already own crypto assets.

Four out of five investors who are not yet in the market say they’re interested in holding cryptocurrency in the future and find at least one aspect of the emerging technology appealing.

“Almost 80% of institutional investors find something appealing about digital assets, with the three almost equally compelling characteristics across U.S. and European investors being: uncorrelated to other asset classes (36%); an innovative technology play (34%); and high potential upside (33%).”

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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:

When retail money really starts flowing back into crypto I wouldn’t be surprised to see a $10T+ market top

— Joseph Todaro (@JosephTodaro_) June 10, 2020

Fund Manager: Crypto Could Soon Rally 4,000% to a $10 Trillion Market Cap

https://cointelegraph.com/news/report-less-than-6-accounts-control-80-of-wealth-on-top-stablecoins

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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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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.

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

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

The Bitcoin price took a heavy beating yesterday after attempting to break past $10,000 for the first time in weeks.

BTC plunged by $1,500 in three minutes, falling as low as $8,600 on BitMEX due to a barrage of sell orders.

On spot exchanges and some other derivatives exchanges, the cryptocurrency managed to hold the low-$9,000s.

Despite the brutal sell-off, a Bloomberg analyst sees Bitcoin hitting $20,000 in 2020.

He cited a confluence of fundamental factors to back this cheery prediction.

According to senior commodities analyst at Bloomberg Mike McGlone, the leading cryptocurrency is on track to hit $20,000 by the end of 2020.

McGlone explained Bitcoin’s price action over the past few months, before and after May’s block reward halving, is looking much like the price action in 2016.

Should the historical relationship continue, BTC could hit $20,000:

“Bitcoin is mirroring the 2016 return to its previous peak. Fast forward four years and the second year after the almost 75% decline in 2018, Bitcoin will approach the record high of about $20,000 this year, in our view, if it follows 2016’s trend.”

McGlone’s optimism boils down to a large confluence of market factors, some of which are as follows:

* BTC is outperforming the stock market, which may draw more investors into the cryptocurrency market.

* Bitcoin is gaining institutional adoption, as evidenced by the CME futures market. * The number of active BTC addresses is increasing.

* The halving should have a positive effect on the supply-demand dynamic of the crypto market.

McGlone is far from the only individual eyeing $20,000. Arthur Hayes, chief executive of BitMEX, explained in the April edition of his newsletter “Crypto Trader Digest” that the asset is on track to set a new all-time high this year.

The record amount of fiscal and monetary stimulus being spearheaded by central banks and governments around the world will back the trend,

Hayes wrote:

“Everyone knows the shift is upon us, that is why central bankers and politicians will throw all of their tools at this problem. And I will reiterate, that is inflationary because more fiat money will chase a flat to declining supply of real goods and labour. There are only two things to own during the transition to whatever the new system is and that is gold and bitcoin.”

This was echoed to a T by Dan Morehead of Pantera Capital, one of the leading crypto- and blockchain-centric funds in the world.

Morehead explained in his company’s March newsletter that by increasing the money supply, central banks are encouraging scarce assets to increase in dollar values:

“As governments increase the quantity of paper money, it takes more pieces of paper money to buy things that have fixed quantities, like stocks and real estate, above where they would settle absent an increase in the amount of money. I think they will do that. The corollary is they’ll also inflate the price of other things, like gold, bitcoin, and other cryptocurrencies.”

In other trending Bitcoin News today:

These Two Key Factors Show “Fireworks” in the Bitcoin Market Are Imminent

According to Hans Hague, a senior quantitative analyst at crypto-asset fund Ikigai Asset Management, Bitcoin is currently in ‘heavy accumulation.”

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

🔥 [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:

Last but not least, Adjusted Binary BDD shows that we are clearly in a heavy accumulation period. Couple this with the recent halving and you’ve got fireworks. HODL on my friends. Let Bitcoin do the heavy lifting. pic.twitter.com/zXGBSkkFV8

— Hans HODL (@hansthered) June 2, 2020

These Two Key Factors Show “Fireworks” in the Bitcoin Market Are Imminent

Bloomberg Analyst: Why the Bitcoin Price Will Double to $20,000 in 2020