đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, believes the Bitcoin price could shoot past the price of an ounce of gold â by around 100 times.
In the July 2021 edition of the monthly cryptocurrency newsletter âBloomberg Crypto Outlookâ, McGlone says that based on technical analysis, BTC could keep appreciating relative to the coveted metal.
âBitcoin may be more than a digital version of gold. A potential path for the Bitcoin price is to stabilize around 100x an ounce of gold and for volatility to resume its downward trajectory, if past patterns repeat.â
In other trending Bitcoin News today: âTop Analyst Predicts Parabolic Bitcoin Rally, Says Bull Market Gearing Up for Final Phaseâ
A prominent crypto strategist and trader is predicting a parabolic rise in Bitcoinâs value that would make the rise to the recent all-time high of $64,000 a blip in the chart.
Jack Sparrow, the crypto analyst who accurately predicted BTCâs rise to $19,000 last year, tells his 203,600 followers that heâs positioning himself to capture the possibility of a massive Bitcoin ascent to $380,000.
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
I Stand By My $100,000 Bitcoin Price Target, Anthony Scaramucci
You Might also like
-
Bitcoin Price Dumps to K as China Vows to âDispose ofâ Local Exchanges! | BTC Price Prediction
âĄïžÂ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net
Bitcoin price dumped on Friday as the news appeared to rattle markets, sliding almost 10% and bouncing off support at around $7,000.
Cryptocurrency exchanges operating illegally in China face a new threat after the central bank announced it would take new steps to uphold its trading ban.
In a statement on Nov. 21, the Peopleâs Bank of China warned it was taking action against entities allegedly involved in trading cryptocurrencies such as Bitcoin (BTC).
In a Twitter debate on Nov. 21, commentators joined forces against Peter Schiff, who shared with $1,000 BTC price prediction. Schiff: $1,000 would âcomplete the patternâ for BTC
Arguing current price action correlated to a âhead and shouldersâ formation, the gold bug forecast a dramatic downturn would characterize markets in the future. He summarized:
âBitcoin is nearing the neckline of the head-and-shoulders top I pointed out before the Oct 25th 40% pump. The right shoulder is now shrugged and the neckline slanted and parallel to the shoulders. If it breaks the price objective for the dump is $1,000 to complete the pattern.â
In other Crypto news todays, popular Crypto analyst Alex Kruger called the Bitcoin price dump yesterday, in which he tweeted the following:
âBTC needs to rally or it will crash. How brilliant, right? If it doesnât go up, it will go down! Iâm aware non-technical traders are repelled by this way of thinking, so let me break it down. Mind this is NOT financial advice, just sharing my thought process. Iâm often wrong.â
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
Some asked “why did this happen?”A rationalization:#1 China news used to drive price +42% (front-running expected new demand)#2 Price dripped lower on low volume=>increased demand never materialized
#3 Sellers sold every single rip. They just did.https://t.co/TmVfeMCGXE
â Alex KrĂŒger (@krugermacro) November 22, 2019
https://cointelegraph.com/news/ok-doomer-peter-schiff-is-convinced-bitcoin-will-now-crash-to-1k
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges
Post Views: 110 -
BITCOIN WILL SKYROCKET TO 0K BTC PRICE âBEFORE THIS DATEâ SAYS EERILY ACCURATE CRYPTO STRATEGIST
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
âThe Bitcoin price will skyrocket to $100,000 before 2023 comes to a closeâ, says the pseudonymous Crypto strategist who accurately forecasted the BTC price collapse from $11,600 to $6,400 in 2019.
Trader Dave the Wave is now marking the moment when he believes Bitcoin (BTC) will break out and begin its ascent to $100,000.
Dave tells his 37,000 Twitter followers that Bitcoin is slowly grinding up in an effort to take out its all-time high around $20,000.
âAnd the standard use of a technical pattern, known as the breakout of an ascending triangle, gives a target of 100K.â
Based on Daveâs chart, crypto enthusiasts would have to wait until the end of 2021 before Bitcoin catches fire and erupts.
The trader predicts that Bitcoin will skyrocket to $100,000 before 2023 comes to a close.
The crypto analyst also highlights that the slow climb will set the stage for a massive BTC explosion.
However, Dave acknowledges that just like any other prediction, his analysis can be wrong and BTC can surge to $100,000 ahead of 2023.
The trader shares a conversation that he had with PlanB, the first analyst to apply the controversial stock-to-flow model to Bitcoin.
In the thread, PlanB asked whether Daveâs model would be proven incorrect should Bitcoin climb above $100,000 before December 2021.
Says DaveâŠ.
âIt would certainly be in extremis. The log growth curve could accommodate a brief spike to that price but price carrying on higher would invalidate/falsify the curve.â
In other trending Bitcoin News today:
Worldâs largest sovereign wealth fund indirectly holds almost 600 Bitcoin
Mainstream finance giants may hold more Bitcoin than you think.
The Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares.
It is considered the worldâs largest sovereign wealth fund.
According to Arcane Researchâs report on Sept. 19, the fund also owns almost 600 Bitcoin (BTC) through its investment holdings.
Arcane Research analysis data shows that the Norwegian oil fund has 577.6 BTC through its investment in business intelligence firm MicroStrategy.
This puts the companyâs portfolio in BTC at around $6.3 million.
The Norwegian Government Pension Fund has a 1.51% stake in MicroStrategy.
Michael Saylor, MicroStrategy founder, said in a recent tweet that the company owns 38,250 BTC.  Â
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
In addition, two other major investment advisory companies, BlackRock Fund Advisors and the Vanguard Group, have a 15.24% stake (5829.30 BTC) and a share of 11.72% (4482.90 BTC), respectively.Â
BlackRock currently is the biggest shareholder in MicroStrategy, indirectly holding BTC.
The Vanguard Group is an American investment advisor with about $6.2 trillion in global assets under management (AUM) as of January 31, 2020.
It is the largest mutual funds provider and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRockâs iShares.
BlackRock Fund Advisors, on the other hand, has $7.3 trillion in AUM.Â
MicroStrategy has made a lot of headlines in the past few days as it announced a bold plan to invest in Bitcoin.
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
When considering network dominance in the crypto industry, I find it clarifying to separate crypto-asset networks like #Bitcoin from crypto-application networks like Ethereum & stablecoins. Bitcoin dominance has advanced from a low of 71.05% on December 20, 2017 to 93.57% today. pic.twitter.com/03cbWVyoLY
â Michael Saylor (@michael_saylor) September 20, 2020
https://cointelegraph.com/news/bitcoin-price-hits-1-week-low-as-us-dollar-currency-index-aims-higher
Post Views: 78 -
SUPERCYCLE MAY PROPEL BITCOIN OVER $1 MILLION SAYS KRAKENâS DAN HELD!! MORGAN STANLEY BUYS BITHUMB?!
đ° BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.
In Heldâs view, this market cycle is fundamentally different from previous ones. âThis is one in a hundred year momentâ, he said, mentioning the coronavirus crisis, growing distrust in financial institutions and central bank money printing as catalysts of the current crypto bull market.
âPeople arenât just in it for a speculative run anymore. People are buying it because they see Bitcoinâs valueâ, he explained.
Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governmentsâ monopoly over money.
âBitcoin undermines their entire power and authority by removing money from their ownership,â he said.
At that point, governments will see crypto as a threat and crack down on it in what Held defines as a âcrypto mass extinction event.â According to Held, altcoins wonât be able to survive such an attack, since most of them are âdegrading their censorship resistance and decentralized properties in order to increase their throughput.â Bitcoin, however, was specifically designed to resist such censorship.
âSatoshi built the Blockchain to build Bitcoin, and he built it to be an incredibly resilient tool against governments,â Held said.
In other trending Bitcoin News today:
Morgan Stanley Rumored To Be Eyeing Stake In Top Korean Exchange Bithumb
According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant share in leading Korean cryptocurrency exchange, Bithumb.
The news was reported on March 18 by Aju News, with Bithumb reportedly in discussions with major Bithumb shareholder, Bident â who owns a roughly 10% stake in Bithumb Korea.
A March 19 article from leading local search engine Naver states that Morgan Stanley is planning to invest between 300 and 500 billion Korean won ($254 million to $441 million). The report cited an anonymous senior Bithumb representative as stating, âMorgan Stanley participated in the acquisition of Bithumb.â
âThe reason Morgan Stanley used Bident is because it understood that Bident has the right to negotiate a preferred sale to acquire Bithumb Holdings,â said a second anonymous source familiar with the matter.
Cointelegraph markets analyst Joseph Young shared the news to Twitter, noting Bithumb is targeting a $2 billion valuation.
The news comes two days after Cointelegraph reported on an âinternal memoâ from Morgan Stanley announcing the firm will launch three funds enabling Bitcoin ownership for wealthy customers with âan aggressive risk tolerance.â
Eligible clients must be accredited investors and hold at least $2 million worth of capital with the company. Minimum investments into the funds are $5 million.
Commenting on the news, Devin Ryan of U.S. investment bank JMP Securities predicted Morgan Stanleyâs crypto-friendly funds will prompt other financial institutions to explore offering their clients exposure to digital assets.
âMotivations range from missing the opportunity at best, or at worst, seeing business disruption if clients decide better alternatives exist, which could negatively impact growth or competitive positioning,â Ryan said.
đ„ Daily Letter: http://letter.cryptonewsalerts.netââââââ
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
Wow.Morgan Stanley is reportedly bidding for Bithumb, South Korea’s top crypto and bitcoin exchange, for $2 billion valuation.Slowly, then surely.
The explosiveness of institutional interest in this space right now is unprecedented.
â Joseph Young (@iamjosephyoung) March 19, 2021
More and more people are beginning to understand how #Bitcoin demonitizes violence. If you want peace switch to a Bitcoin standard.
âMax Keiser Makes Claim That Bitcoin Could Prevent 9/11 Attacksâ https://t.co/h7fRq3kBrA
â Max Keiser (@maxkeiser) March 18, 2021
https://cointelegraph.com/news/supercycle-may-propel-bitcoin-over-1-million-kraken-s-dan-held-says
https://cointelegraph.com/news/bitcoin-price-facing-final-resistance-before-68k
Post Views: 106