đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
I have come to the conclusion that Bitcoin is going to $1,000,000. I now believe this is a possibility not because the value of BTC will go up, though I believe it will, but because the value of money is about to fall heavily and quite possibly into the depths of monetary hell. This is why a Bitcoin could easily become worth a million dollars or more in the near future.
In other trending Bitcoin News today: Report Claims Nayib Bukeleâs Regime May Issue a Salvadoran Stablecoin!
According to regional reports, El Salvadorâs current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukeleâs government chose to leverage 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:
https://www.forbes.com/sites/investor/2020/06/16/bitcoin-to-1000000-might-sound-crazy-but-is-it/?sh=710f09761c59
This Is Why Ethereum Could Flip Bitcoin, According to Coin Bureau
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PANTERA PLACES BITCOIN PRICE TARGET AT 5K THIS CYCLE!! MICROSTRATEGY RAISES BTC HOLDINGS TO 5M
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Pantera: Bitcoin in Early Stages of Large Bull Market Fueled by Powerful Macro Tide â Hereâs How High THE BTC PRICE Could Go This Cycle
Executives at the crypto-focused venture firm Pantera Capital think future inflation will drive up the prices of Bitcoin and other crypto assets.
In a new market report, Dan Morehead, Panteraâs CEO and co-chief investment officer, and Joey Krug, the firmâs other co-chief investment officer, highlight the Federal Reserveâs new policy of allowing inflation to support the labor market, which they say is going to kick off a new bull run for digital assets.
âAssets such as gold which have not been impaired by the pandemic are rising even faster. Gold is at a 5,000-year high. Or, said another way, paper money is at an all-time low. However, the best performing assets are ones which have both fixed-supply and improved usage/fundamentals â like cryptocurrency.
Cryptocurrency has out-performed most/all other asset classes this year. We strongly believe we are in the early stages of a large bull market fueled by both a powerful global macro tide and growing fundamentals in the underlying technology.â
Morehead has placed his BTC price target at $115,000, which he thinks will likely happen by next summer.
Despite their confidence, however, they still warn that Bitcoin is volatile and risky, and remains a âmassive hype cycle roller coaster.â
In terms of their own investments, Pantera recently sunk money into YFI and Terra (LUNA), according to the executives.
YFI is a two-month-old governance token for the decentralized finance (DeFi) protocol yearn.finance.
The asset has been largely immune to the September slump that plagued other cryptocurrencies and is trading at almost $40,000 at time of writing, according to CoinMarketCap.
Terra is a network of stablecoins pegged to some of the worldâs major currencies. LUNA, Terraâs native staking asset, can be traded or staked to earn rewards in the network generated from transaction fees.
It is trading around $0.32 at time of writing.
In other tending Bitcoin News today:
Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase
âOn September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.â
This follows an update the company provided the SEC about its bitcoin investment plan.
In the filing dated Sept. 11, the Nasdaq-listed company revealed that its board of directors has adopted a new Treasury Reserve Policy âthat updated the companyâs treasury management and capital allocation strategies.â
Under this new policy, the companyâs treasury reserve will consist of two types of assets.
The first type comprises âcash, cash equivalents, and short-term investments ⊠held by the company that exceed working capital needs.â
The second type consists of âbitcoin held by the company, with bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for cash assets, including future potential share repurchase activity.â
Microstrategy clarified:
âAs a result of this new policy, the companyâs holdings of bitcoin may increase beyond the $250 million investment.â
Michael Saylor, Microstrategyâs CEO, has not always been pro-bitcoin.
He tweeted back in 2013: âBitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.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:
On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.
â Michael Saylor (@michael_saylor) September 15, 2020
Apparently there is some kind of bitcoin buying race between MicroStrategy and @Grayscale
Game on
â Barry Silbert (@barrysilbert) September 15, 2020
MicroStrategy is adopting a #bitcoin standard. Other companies will follow. Finally, central banks will follow (Switzerland likely to be the first.) A new gold standard for the digital age. A neutral store-of-value will create more check and balances for governments.
â Datavetaren (@Datavetaren) September 16, 2020
https://news.bitcoin.com/nasdaq-microstrategy-bitcoin-425-million/
https://cointelegraph.com/news/other-companies-will-follow-mstr-stock-up-9-after-buying-bitcoin
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Bitcoin Is Soon To âTake Offâ Towards 0,000! | BTC Still On Track For Massive Gains After Halving
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Few have called the Bitcoin price action as well as Dave the Wave has over the past few months; in the middle of last year, the analyst predicted a retracement to $6,400 when the BTC price was rallying above $10,000, and more recently, he called for a retracement from $11,000 to $8,500.
Now, heâs starting to lean bullish once again.
In an analyst published Sunday, the trader suggested that Bitcoin (BTC) is in the midst of âturbulence before take-off,â pointing to a chart that shows the current price action in the crypto market is reminiscent to that of late-2016, just months before Bitcoin began its rally from $800 to $20,000 in a yearâs time.
Where Will the Rally Take Bitcoin? Although Dave the Wave did not mention his long-term targets in that tweet, he has suggested previously that the cryptocurrency could be on the verge of a 1,000% rally.
The analyst suggested that the cryptocurrency is still on a clear trajectory to enter a six-digit price point in the coming two to three years.
Dave backed this prediction by pointing out that Bitcoin is on the verge of finishing a fractal correction and is about to break past of a long-term descending trendline, which marked the two swing tops over the past two years.
A move past the trendline, which will soon line up with the long-term buying zone for Bitcoin, is likely to kick off a rally to $100,000, the trader suggested.
This lofty prediction can be backed up by the famous stock-to-flow model from PlanB, a pseudonymous quantitative analyst working for a European institution.
The model equates Bitcoinâs scarcity (inflation rate) to its market capitalization, suggesting the after the May 2020 block reward halving, BTCÂ will have a fair price of around $55,000 to $100,000.Â
BITCOIN STILL ON TRACK FOR MASSIVE GAINS AFTER HALVING
Bitcoin has spent the weekend consolidating in the mid-$8k zone following a week of sharp declines through several levels of support.
The stock to flow model is still holding course though which means big gains could be ahead after the halving. Bitcoin has corrected around 20% from its 2020 peak to yesterdayâs low of just over $8,400.
It has held in the mid-$8k range for a couple of days low leading analysts to believe that the bottom could be in.
With just 70 days to go to the halving, analyst âPlanBâ has revisited his stock to flow model noting that things are right on track with it.
The stock to flow (S2F) model examines the relationship between the production of supply and the current stock available.
Using this model, the analyst has predicted a rise to around $80-$100k in the months following the halving.
Previous events in 2012 and 2016 saw huge rallies in the years that followed and many are expecting that 2021 could be even bigger for Bitcoin than this year.
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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:
Very long term i can see how fancy math can explain price. But fancy math can never explain short term price movement imo. So monthly predicitions really ?
â Liam Janssens (@LiamJanssens) March 1, 2020
$BTC Hash Ribbons ain’t looking so good as halving is approaching.Mining cost right now at~ $7700.Bitcoin should rally to over $15000 in the before Halving if Miners wants to feed their family.
Pump it for the Miners and their family. pic.twitter.com/3ohIlbqfmX
â Anondran (@AnondranCrypto) February 29, 2020
You donât think Coronavirus will affect this?
â âżrucewayne (@HouseSt12782619) March 1, 2020
For those getting stuck or confused on the shorter term call, here’s my view going forward. If you’re a holder/ investor, ignore the short term calls and focus on the medium/ long term.
Main point being, a consolidation to the buy zone would set BTC up nicely for its run. pic.twitter.com/AC2gv5VrGI
â dave the wave (@davthewave) February 16, 2020
https://cointelegraph.com/news/bitcoin-price-avoids-82k-to-mirror-stock-to-flow-creators-forecast
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,000: This Pattern Suggests Bitcoin Price Could Rally 135% in Coming Months | BTC News Today
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Bitcoin Price to Target $11,500 in the Short Term Because Of These Simple Factors
TradingShot â a well-respected technical analyst on TradingView â explained in a recent post that he is closely watching a recently formed inverse head and shoulders pattern for insight into where the BTC price will go next.
Based on this pattern, which he outlines, he believes that Bitcoin (BTC) will retrace towards $7,300 before rallying up to $11,500.
âI expect Bitcoin to retrace now back to roughly 7300 and price the top (inversed) of the Right Shoulder. Assuming the pattern is to a good degree symmetrical, I then expect a peak (before the May Halving) within $11000 â 11500,â he noted.
Analyst: Post-Halving Momentum Likely to Lead BTC to $20,000 TradingShot doesnât believe that $11,500 is where Bitcoinâs 2020 rally will end, however, as he further goes on to note that post-halving momentum could lead the crypto to its previously established all-time highs around $20,000.
âThe Halving will then take effect and after an initial consolidation I expect the 20k ATH to be tested before the end of the year,â he bullishly explained.
In addition to leaning on the inverse head and shoulders pattern and the upcoming mining rewards halving as bullish catalysts, he also references BTCâs position within another macro parabolic channel as a reason to be bullish.
The culmination of all these factors does seem to suggest that the crypto will soon see a significant extension of the uptrend it has been caught within over the past several weeks.
In other Crypto news today, 3 top Cryptocurrency analysts, Peter Brandt, Tom Lee and Mati Greenspan all remain Bullish on Bitcoin right now.
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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:
Charts are constantly morphing. The idea of drawing a chart boundary definition to be fixed forever was discounted by serious traders 80 years ago. Often, the exact configuration is clear only after the fact. #FACT
â Peter Brandt (@PeterLBrandt) January 24, 2020
Wouldn’t trust trendlines⊠As everyone is drawing them as per their own bias. It can be drawn multiple ways on many Tfs. Market structure is bearish on weekly⊠unless proven otherwise. Wouldn’t look at daily for a trend change. The bread n butter is weekly for btc.
â Sanchit (@SanchitLuthra87) January 24, 2020
$20,000: This Pattern Suggests Bitcoin Could Rally 135% in Coming Months
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