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In this exclusive interview with CMDX founder Tom McMurrain, the early cryptocurrency adopter predicts Bitcoin to 10-20x in value by the year 2026, which suggest a $580,000 – $1,160,000 BTC price.
He also reveals his bullishness for Ethereum, saying he sees the leading smart contract platform growing 100x bigger than it is right now suggesting a $400,000 ETH price.
“I think we’re gonna hit the tipping point of people having wallets by the end of 2023. That means that 13% of the world has a cryptocurrency wallet.
Then I see from 2023 – 2026 is when mass adoption occurs. Realistically we’ll peak out at 10 years later so 2030 is what I’m looking at.”
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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.
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BITCOIN WARNING SIGNS POINT TO A ,000 RETEST!!!
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Bitcoin (BTC) News Today:
With Bitcoin approaching its biggest weekly price loss of 2019, warning signs point to the Bitcoin price retesting $3,000.
Prominent crypto analyst Peter Brandt says we’ll soon find out if Bitcoin’s fourth long-term parabolic bull phase is intact.
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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:
https://www.coindesk.com/bitcoin-approaching-biggest-weekly-price-loss-of-2019
https://alternative.me/crypto/fear-and-greed-index/
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VOLCANOS WILL PUSH BITCOIN TO $1 MILLION IN FIVE YEARS!! EXPERT BTC PREDICTIONS!!
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Samson Mow, chief strategy officer of blockchain technology provider Blockstream, has said he expects El Salvador’s volcano-powered, Bitcoin-back bonds to help the BTC price climb to $1 million per Bitcoin in just five years.
“If Bitcoin at the five-year mark reaches $1 million, which I think it will, [El Salvador] will sell BTC in two quarters and recoup that $500 million,” said Mow, speaking alongside El Salvador’s president Nayib Bukele at the weekend and explaining how the country could finance its Bitcoin bonds.
In other trending Bitcoin News today: Bitcoin Will Hit $100,000, According to Experts. Here’s When They Predict It Will Happen!
And it isn’t just crypto insiders who are making Bitcoin predictions. Big financial institutions have made their own predictions, as well, with JPMorgan predicting a long-term high of $146,000 and Bloomberg predicting it could hit $400,000 by 2022.
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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://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-predictions/
TA: Ethereum Prints Bullish Pattern, Why ETH Could Revisit $4.5K
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BITCOIN SHATTERS $60K!! PETITION SIGNED THAT URGES CENTRAL BANK OF FRANCE TO ADOPT BTC AND CRYPTO!!
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Bitcoin Price hit $60,000 for the first time on March 13 as the long-awaited continuation of the BTC bull run got underway.
Data from Cointelegraph Markets and Tradingview tracked BTC/USD as the pair finally crossed the historic level after several weeks of mild corrections and periods of consolidation.
Bulls had spent a considerable time in limbo as Bitcoin tested prior all-time highs at $58,350 repeatedly, with a significant resistance zone beneath slowing progress.
In the end, however, optimism won out, and the largest cryptocurrency by market capitalization clinched its latest milestone. At press time, price action focused on an area just below $60,000 amid characteristic volatility.
As Bitcoin price inched its way closer to the previous all-time high, analysts at Whalemap observed some interesting on-chain activity taking place.
According to the research team:
“Realized Cap HODL waves show what percentage of realized capitalization belongs to HODLers of different type (1y-3y hodlers, 3y-5y and so on). Usually, macro tops occur when the market over-saturates with FOMO. This can be identified when a large % of realized capitalization belongs to short term hodlers (younger than 6 months). The last macro tops were accompanied by more than 95% of realized cap belonging hodlers of less than 6 months. Currently, we are at 82%.”
Anticipation of $60,000 and even higher had steadily built up over recent days. As Cointelegraph reported, professional analysts as well as traders were poised to announce the end of Bitcoin’s prior sideways price action as indicators pointed in bulls’ favor.
The now-standard narrative of healthy on-chain metrics combined with positive support from institutions served to bolster confidence. Now that Bitcoin price has reached the $60,000 level, many analysts have set their targets on the $72,000 zone, followed by $100,000.
In other trending Bitcoin News today:
Member of French Parliament Signs Petition That Urges Central Bank to Adopt Bitcoin
While Wall Street is already diving headfirst into Bitcoin, the world’s central banks keep scoffing at the cryptocurrency. One French politician is attempting to change that.
Jean-Michel Mis, a member of the National Assembly (the lower house of the French Parliament), has signed a petition to the French Senate that would authorize the Bank of France (Banque de France) to purchase Bitcoin and other cryptocurrencies.
The petition was initially filed by Ark Ecosystem CEO Francois-Xavier Thoorens earlier this month.
It cites MicroStrategy and Tesla as the companies that have purchased large sums of Bitcoin while also mentioning Miami’s plan to potentially invest its treasury reserves into the cryptocurrency:
France must adopt a strategy in this area and a law enabling it to be applied. I, therefore, propose an update of the Monetary and Financial Code to endow the Banque de France with the capacity to buy, sell and hold bitcoins and other crypto-assets that it sees fit.
Presently, it has collected only 293 out of the 100,000 required signatures to meet the threshold for pushing the discussion onto the Senate floor.
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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:
💥💥💥 $60g’s baby!!!!!!
How ironic that virtually nobody wanted #bitcoin at $3-4k but now everybody and their momma wants it above $50g’s 😉🚀
$77k short term target in play!! 🎯 pic.twitter.com/fX0fMidCux
— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) March 13, 2021
On March 13th 2020 – Bitcoin hit ~$3,800 USDOn March 13th 2021 – Bitcoin hits ~$60,000 USD
Perspective.
— Monsieur RookiéXBT 🧲 (@RookieXBT) March 13, 2021
https://cointelegraph.com/news/the-bitcoin-boom-the-future-of-the-company-balance-sheet
https://u.today/member-of-french-parliament-signs-petition-that-urges-central-bank-to-adopt-bitcoin
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