BITCOIN TO $1,000,000 MIGHT SOUND CRAZY, BUT IS IT? WHY BTC IS GOING TO BE WORTH A MILLION DOLLARS!!

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Vinny Lingham, cryptocurrency investor and the CEO of CivicKey, asserted that there’s a good likelihood that the Bitcoin price will soon trade at $15,000 per BTC.

He made this comment in reference to how $10,000 “represents strong support”:

“It looks to me that Bitcoin is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.”

Discussing the efficacy of his calls, Lingham noted to a commenter that he has rightfully called prior price action.

He added that he personally thinks that Bitcoin flips bullish on a macro scale if it converts $12,000 into support:

“I’m not a permabear or a permabull – I called the bubble and I called the bear market. The bear market is almost over, if/when we break and hold $12k. So yes, I’m turning bullish.”

This sentiment is in line with a number of technical traders within the space. One historically accurate analyst, for instance, who predicted BTC’s V-shaped reversal in March says a rally to $17,000 is imminent.

That’s not $15,000, of course, but there’s a growing sentiment that Bitcoin will gap higher.

The rally towards $15,000 or $17,000 is expected to be part of a longer-term uptrend, spurred by a confluence of fundamentals.

Raoul Pal, CEO of Real Vision, recently commented that Bitcoin is likely to rally 50 to 100 times this market cycle due to macro trends.

Responding to Jerome Powell’s comments, Pal noted that the Federal Reserve seemingly wants anything but deflation.

This, the investor explained, will create market pressures over time that will drive capital to Bitcoin and gold at record speed.

The Winklevoss Twins, co-founders of Gemini, have echoed the optimism.

They also noted that macro factors are likely to drive vast amounts of capital to Bitcoin in upcoming years.

In other trending Bitcoin News today:

After Riding YFI’s 108,000% Tidal Wave, Analyst Josh Rager Bullish on Five Nascent Crypto Assets

Bitcoin trader and strategist Josh Rager is hopping on the decentralized finance (DeFi) bandwagon.

Rager invested in Yearn.Finance (YFI) early.

The coin has surged from $34.53 on July 18th to a high of $37,621 on Sunday – a whopping 108,000% increase.

The analyst now predicts the coin will continue to soar and reach a price of $100,000.

Meanwhile, the analyst tells his following of 81,000 people on Twitter that he plans to hold on to five other nascent crypto assets that he believes offer upside potential.

“Still holding XAMP, TOB, YFL, JGN, & TACO. The altcoins I share are the altcoins I intend to hold for a while or take profits slowly overtime – not dump on people.”

Rager puts the spotlight on Antiample (XAMP) and Tokens of Babel (TOB) as both assets are getting a lot of attention in the Uniswap protocol.

“XAMP [and] TOB are doing great on vol & users going on 2 weeks+ now just on Uniswap alone. The first major exchange to list them both will likely reap some major rewards from users and fees.”

As for the other coins on Rager’s list, Juggernaut (JGN) is a new breed of token that allows businesses to create custom synthetic tokens and take full advantage of the DeFi infrastructure.

Meanwhile, YF Link (YFL) is a fork of the red-hot Yearn.Finance protocol.

The project leverages LINK (Chainlink) and allows LINK marines to directly participate in the DeFi craze through yield farming.

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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:

It looks to me that #Bitcoin is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.

— Vinny Lingham (@VinnyLingham) August 28, 2020

Still holding $XAMP $TOB $YFL $JGN & $TACOThe altcoins I share are the altcoins I intend to hold for a while or take profits slowly overtime – not dump on people

In fact, you don’t hear about most the altcoins I trade because they’re high risk and I don’t want you losing money

— Josh Rager 📈 (@Josh_Rager) August 24, 2020

PREDICTION? FED out of bullets: needs inflation. Zero int not working. Q: What will FED do? A: Buy GOLD not T-bills? FDR did this in 1933 buys gold @$28 raised price to $35. Will Fed buy gold for $7000 to cause inflation? Gold silver Bitcoin win. Savers lose. What do you think?

— therealkiyosaki (@theRealKiyosaki) August 30, 2020

Here’s Why This Crypto CEO Thinks Bitcoin Soon Hits $15,000

https://dailyhodl.com/2020/08/30/after-riding-yfi-108000-tidal-wave-bitcoin-analyst-josh-rager-bullish-on-five-crypto-assets/

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Bloomberg just released its latest Bitcoin (BTC) outlook on the crypto markets.

Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s adoption among mainstream investors is on the rise.

He expects an advantageous macroeconomic landscape to sustain a Bitcoin bull run that will “dust” the Nasdaq.

“Increasing adoption and vehicles for exposure, and custody, are accelerating Bitcoin into the mainstream of investments. In a world of zero and negative interest rates and diminishing equity-price returns due to quantitative easing, the quasi currency stores of value – gold and Bitcoin – are finding increasing investor interest…

Bitcoin $10,000 Breach Set to Dust Nasdaq – Fundamentally bullish and breaking above key $10,000 resistance, Bitcoin has a solid foundation on the back of a steep correction and period of disdain, in our view.”

McGlone adds that Bitcoin’s growing fundamentals suggest BTC is solidifying its position as digital gold.

He says the leading crypto is no longer the highly speculative and unknown asset it once was, with the Bollinger Bands momentum indicator suggesting a burst to $13,000 is imminent.

In contrast, the Bloomberg Intelligence analyst says Ethereum’s hot streak is likely fueled by pure speculation as opposed to BTC’s fundamentally-driven growth.

“Ethereum has extended last year’s highs and leaped to one of the top-performing major crypto assets in 2020, but we view its rally as more speculative vs. the favorable demand vs. supply conditions supporting Bitcoin.”

McGlone says Ethereum is facing heavy competition from protocols that offer the same use case, as a total of 6,000 crypto assets of all sorts flood the markets.

He believes Bitcoin’s scarcity is the key factor driving its value and points to a two-year comparison of BTC’s performance compared to Ethereum, XRP and the altcoin market at large as a sign that BTC is the better long-term play.

Bitcoin is up 54% over the last two years, while Ethereum is down 4.5% and XRP is down 30%.

“It’s the unlimited supply of the broad crypto market vs. the relative scarcity of Bitcoin that will maintain buoyancy in the benchmark asset, in our view. About 90% of the 21 million available Bitcoins have been produced, leaving demand and adoption as the primary price-outlook gauges. Our indicators point positive for Bitcoin, while the basic rules of supply and demand leave little hope of broad-market price advancement.”

In June, McGlone made the case for why BTC may return to its all-time high of $20,000 this year.

In other trending Bitcoin News today:

Pantera’s Founder Foresees $100K+ Bitcoin On the Horizon

Dan Morehead is more conservative in his Bitcoin price predictions than his firm Pantera Capital, though both agree that it will hit $100,000.

Pantera Capital is the oldest Bitcoin investment firm in the United States.

When the company’s founder, Dan Morehead, was asked to make a Bitcoin price prediction during a recent interview, he first mentioned an investment letter published by the firm.

In this letter, based on the stock-to-flow model, the firm made the bold prediction that Bitcoin will hit $115,000 by August 2021. 

Morehead thinks this is still possible, despite the fact that in just one year, the asset’s price would have to increase to nearly 10 times its current value.

Yet, his personal prediction is a little more modest, he said:

“My common response is it’s been growing at 209% for nine years, I think it’s going to grow at least 209% over the next couple years and that puts you at $100 000, probably in two years; but I do think that will happen.”

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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:

In fact, only one asset has offset the growth of the G4 balance sheet. Its not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Only one asset massively outperformed over almost any time horizon.

Yup. #Bitcoin $BTC pic.twitter.com/wdoN6Qgaaz

— Raoul Pal (@RaoulGMI) August 6, 2020

When bitcoin was $4k in 2019, lot of big accounts were bearish, predicting $1k. However in DM mant said that if btc would rise to $6k, they would reconsider and switch to bull. That actually happened, we shot through $6k. Now many were bearish at $9k .. $13.5k will be interesting pic.twitter.com/6D5lArCC6c

— PlanB (@100trillionUSD) August 5, 2020

https://dailyhodl.com/2020/08/06/bitcoin-set-for-bull-run-that-will-dust-nasdaq-as-ethereum-xrp-and-altcoins-face-uphill-battle-bloomberg-forecast

https://cointelegraph.com/news/panteras-founder-foresees-100k-bitcoin-on-the-horizon

https://cointelegraph.com/news/raoul-pal-it-may-not-be-worth-owning-any-asset-other-than-bitcoin

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

Popular crypto trader and YouTuber Ben Armstrong aka ‘Bitboy Crypto’ says that he can see Ethereum flipping Bitcoin this cycle and soaring to the tens of thousands of dollars as its ecosystem grows at an exponential rate. 

“Because of this total takeover, I can see it’s very likely that by 2025, Ethereum will hit $85,000 per ETH. The first step to that will be, of course, $25,000 ETH this year. Don’t give up on that. Ethereum won’t just be digital oil in 2025, it will be the blockchain fuel of the future.”

In other trending Bitcoin News today: On-Chain Analyst Willy Woo Lowering 2021 Bitcoin Price Prediction After Crypto Market Reversal! 

“[Bitcoin] was starting to look like it was winding up to $300K, $400K even $500,000 near the end of this year. Now it’s starting to reduce its trajectory. It looks like it’ll comfortably reach $200,000. It might reach $300,000, but we have to see how that develops.”

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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-traders-eye-crucial-38k-level-as-btc-price-action-consolidates-higher