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One early Bitcoin investor has crunched the numbers on BTC, and thinks the leading crypto is looking mighty undervalued at the moment.Â
âWe did a study showing the number of people using Bitcoin over the years and 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 BTC at $700,000 when everybody with a smartphone uses it. Ten years time is a reasonable forecast,â Pantera Capital founder Dan Morehead said on Yahoo Finance Live.Â
Morehead launched his first crypto fund back in 2013. Today, the firm has $2.8 billion in assets under management that spans venture investments and early stage token investments.Â
In other trending Bitcoin News today: MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC!Â
MicroStrategyâs Bitcoin holdings are now worth more than $5.3 billion at the current BTC price.Â
With its latest purchase, Michael Saylorâs firm now holds 108,992 BTC, which cost the company about $2.918 billion to acquire at an average price of approximately $26,769 per âcoin.â
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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/microstrategy-splashes-177m-on-bitcoin-now-holds-almost-109-000-btc
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Bitcoin Halving, Stocks, Fundamentals: 3 Things to Watch in BTC This Week | Bitcoin News Today
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With the infamous Bitcoin Halving now less than 8 days away, BTC is approaching the most eagerly anticipated moment in its history, and markets are feeding the excitement after weeks of gains.
Bitcoin is just days away from a historic crossroads this week â what will the coming days have in store for traders and hodlers?
Letâs take a look at the major factors influencing the Cryptocurrency market just over a week before Bitcoinâs third block reward halving.
This immediate 50% drop in supply should have considerable knock-on effects for demand, especially taken against the historical precedent of the previous two halvings.
The impact is neatly summarized by Bitcoinâs stock-to-flow price model, which suggests that major price movements should come 1-2 years after the halving.
Bitcoin continues to exhibit some copycat price behavior which tracks movements on major stock markets.Â
As of Sunday, futures for the S&P 500 and Dow Jones among others were tanking 3%, which soon translated into a fresh price dip for BTC/USD.
At press time, the pair traded at around $8,700, down 3.7% on the day, having bounced off support at $8,500.Â
Coronavirus continues to weigh on sentiment, as the United States and China spar over the pandemicâs origins and handling, sparking trade fears.
Bitcoinâs network fundamentals remain on an upward trajectory despite mixed price action.
Hash rate and difficulty are hovering near all-time highs.
The difficulty is set to increase by a modest 1.4% on May 5 and will be the last such increase before the halving seven days later.
The two aspects of Bitcoin go hand in hand for analysts, as Bitcoinâs automatic difficulty adjustment mechanism prevents manipulation of supply rate, regardless of how much BTC is worth in fiat terms.
In other trending Bitcoin News today:
Same Trend That Marked Start of Bitcoinâs $10,000 Run In 2019 Is Back
After a nearly 20% surge last week, Bitcoinâs weekly candle on Sunday evening closed decisively green at $8,900.
This marked the seventh consecutive weekly gain for BTC, which has posted stellar performances ever since the mid-March capitulation lows.
Although the seven consecutive weeks may mean nothing to readers, it is a strong technical occurrence that may signal that even more upside is on the table for the months ahead.
Zack Voell, a market analyst at CoinDesk, recently noted that Bitcoin closing its seventh consecutive weekly gain hasnât happened since April 2019, when the last bear market ended.
This would suggest that should history repeat itself, the cryptocurrency is on the verge of yet another bull run.
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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:
$BTC-Mex funding+premium index still negative-Above the yearly vwap -Above the 200 DMA -Bullish 1D cloud-Halving in 10 days
You might not call and short THE top but youâll save yourself a lot of potential headaches by just waiting for a break in 1D market structure.
â HornHairs đ (@CryptoHornHairs) May 2, 2020
Same Trend That Marked Start of Bitcoinâs $10,000 Run In 2019 Is Back
https://cointelegraph.com/news/halving-stocks-fundamentals-3-things-to-watch-in-bitcoin-this-week
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INVESTMENT FIRM PREDICTS BITCOIN TRILLION MARKET!! XRP WILL RISE 12,900% IN NEXT BTC BULL CYCLE!!
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An investment firm that predicted Teslaâs meteoric ascent is extremely bullish on Bitcoin and says the BTC market cap could go as high as $5 trillion.
Also in todayâs show, Credible Crypto predicts the Ripple XRP price will rise 12,900% in the next Bitcoin bull cycle.
In a comprehensive report, New York-based thematic investment firm ARK Invest sees massive growth potential for Bitcoin over the next few years despite its already impressive run that has defied expectations.Â
âOur analysis suggests Bitcoin is early on its path to monetization, with substantial appreciation potential. In our view, Bitcoinâs $200 billion market capitalization â or network value â will scale more than an order of magnitude to the trillions during the next decade.â
Specifically, ARK Invest points out that the adoption of Bitcoin as a global settlement network, as a protection against asset seizure, as digital gold, or as a catalyst for demonetization in emerging markets has the potential to fuel the growth of the crypto assetâs market cap.
Despite their high evaluation of the crypto asset, ARK Invest points out the several risks that threaten Bitcoinâs growth potential.
For one, ARK Invest says security breaches and institutional mismanagement have cost investors millions of dollars with no legal recourse.
Other risks are regulatory uncertainty and âover-institutionalizationâ, which the company says could cause a monopoly in Bitcoin transactions and present an âexistential risk to bitcoinâs value proposition.â
Although risks are present, ARK Invest highlights the potential of BTC to print massive gains within a decade.
âBitcoin offers one of the most compelling risk-reward profiles among assets, as our analysis suggests it should scale from roughly $200 billion today to $1-5 trillion network capitalization during the next five to ten years. In our view, capital allocators must consider the opportunity cost that will be associated with ignoring bitcoin as a new asset class.â
In other trending Bitcoin News today:
Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle
Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle.
In a new tweet, the crypto analyst tells his 68,000 followers that Rippleâs native token has the potential to massively increase oneâs net worth in the coming years.
âKeep it real. XRP price IS NOT âpre-determined.â XRP IS NOT âbacked by gold.â XRP WILL NOT reach the prices BTC has ($10,000+). XRP will NOT replace the dollar. But it doesnât need to do ANY of these things to make you and me life-changing money over the next 3 years.â
When asked to provide his price prediction for the fourth-largest cryptocurrency, Credible explains why he believes XRP can skyrocket between $20 â $30 before the current bull market expires.
ââŠitâs gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their XRP for other projects. The ones holding now wonât sell soon.â
Not all analysts share Credibleâs long-term bullish attitude towards XRP. Widely-followed veteran trader Peter Brandt told his crew of 375,000 to be cautious about investing in Rippleâs native asset.
âDonât place your faith in XRP.â
Brand notes that Rippleâs ownership of more than half of the total supply of XRP is a potential liability.
He believes the token has more downside potential as it continues to underperform relative to other major cap coins.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Keep it real.$XRP price IS NOT âpre-determined.â $XRP IS NOT âbacked by goldâ. $XRP WILL NOT reach the prices $BTC has ($10,000+).$XRP will NOT replace the dollar.
But it doesnât need to do ANY of these things to make you and me life changing money over the next 3 years.
â Credible Crypto (@CredibleCrypto) October 2, 2020
It wonât need as much as it seems it would. Many people think the same. But itâs gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their $XRP for other projects. The ones holding now wonât sell soon. https://t.co/jelsS4rTdc
â Credible Crypto (@CredibleCrypto) October 2, 2020
Don’t know about the long long term, but looking for $20-$30 over the course of this next bull run (2-3 years).
â Credible Crypto (@CredibleCrypto) October 2, 2020
Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle
https://cointelegraph.com/news/trump-price-dots-and-covid-19-5-things-to-watch-in-bitcoin-this-week
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0K BITCOIN PRICE IN COMING YEARS SAYS MAX KEISER TO ALEX JONES | It's Smart To Diversify Into BTC
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American radio star, host of Infowars, and far-right conspiracy theorist, Alex Jones, met with pro Bitcoin champion Max Keiser.
He admits, âYouâre right, I should have gotten involved in Bitcoin a long time agoâ.
ALEX JONES SAYS âITâS SMART TO DIVERSIFYâ INTO BTC
In a must-see video discussion between Alex Jones and Max Keiser, the two men talk a lot about the Bitcoin price.
Jones says he likes how Bitcoin âbrings diversity to the marketplaceâ.
He points to how BTC can never be shut down unlike money in an offshore bank account.
Keiser is visibly in his element. Jones explains to his listeners that he hadnât previously endorsed Bitcoin (BTC) because he wasnât completely sure.
He says he would never tell them to go out and buy something he wasnât sure about.
However, on reflection, âitâs smart to diversify.â He then tells Keiser: âYouâre right, I should have gotten involved in bitcoin a long time agoâ â Alex Jones
Jones may have âmissed outâ on buying Bitcoin at $1, $100, and $1,000. But even at $10,000, he will still make a 40x return since Keiser says Bitcoin will be worth $400,000 in the coming years.
Jones notes that he likes how you can tailor your approach to buying Bitcoin.
He calls it a âcompletely legitimateâ way of diversifying your wealth.
Keiser confirms that no one can confiscate your Bitcoin. He calls it âgold 2.0â and says that, unlike gold, you donât need any third-party to verify that it is real â just the blockchain.
That must be what ruffled the feathers of Peter Schiff the most.
Signal That Preceded 10% Bitcoin Boom Appears Again, and Itâs Big for Bulls | The BTC Price Is About to Roar Even Higher, Indicator Predicts
If youâve spent any time at all perusing Crypto Twitter, you likely know of TD Sequential, which is a time-based indicator that tries to predict when an asset will see a certain trend or reversal of its ongoing trend.
The Sequential has done well in predicting Bitcoinâs trends. Extremely well.
So well, in fact, that the creator of the indicator remarked in an interview with Bloomberg that 13 candles (signals reversals) were seen when Bitcoin hit $20,000 in December 2017,  when BTC cratered to $3,150 in December 2018, and near the $14,000 top seen in June.
The indicator is now signaling that Bitcoin will see a reversal on a short-term time frame. Analyst Crypto Hamster remarked that the TD Sequential for the four-hour chart just printed a red 9, suggesting a recovery towards $10,000 and beyond.
Indeed, the prior 9 candle seen on the four-hour chart was a precursor to a 10% surge higher than brought the asset from $9,600 or so to $10,550 in a few daysâ time.
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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:
Alex Jones just invited @maxkeiser and me on his show to debate Bitcoin. I accepted but Max refused the invitation. So I win by default. I would have preferred an active victory, but at least this way Max can’t scream and call me names!
â Peter Schiff (@PeterSchiff) February 17, 2020
Alex Jones has capitulated. After 10 years of watching the #Bitcoin bubble inflate, at $10,000 per coin he thinks now’s the time to urge his listeners to buy. This is how manias end. Greed overwhelms reason as people once too sensible to buy join the party just as it’s ending.
â Peter Schiff (@PeterSchiff) February 17, 2020
Back in 2011, when #Bitcoin was $1, @KeiserReport told our global audience: âBitcoin is the currency of resistance, the new, better Gold. Itâs going to $100,000. Itâs the best way to fight fiat-money, corrupt bankers. Everyone should buy Bitcoinâ.pic.twitter.com/AfDdJgHdE7
â BITCOIN IS PEACE đđ (@realmaxkeiser) February 15, 2020
Signal That Preceded 10% Bitcoin Boom Appears Again, and Itâs Big for Bulls
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