BITCOIN WILL 10-20X – HERE’S WHEN!! I SEE ETHEREUM 100X BIGGER THAN IT IS RIGHT NOW!!

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Crypto analyst PlanB says the Bitcoin price could eclipse the prediction of his controversial stock-to-flow model (S2F) and meteorically rise to a BTC price of $864,000 in four years.

In an interview with cryptocurrency podcaster Peter McCormack, the quantitative analyst says he actually made a conservative bet when he predicted that Bitcoin will hit $288,000.

“I’m on $288,000 as an average value. $100,000 would be very nice, too. But if you just follow the math, if you just follow the data, and I don’t mean the time-series model.

So we’re not looking at Bitcoin only. We’re looking at gold, silver, diamonds, real estate, all that stuff. It’s $288,000. That’s an average value.

It could overshoot, like three times, like it did the last phases. I don’t want to mention the number. I try to be conservative all the time. But let’s say a 2x or a 3x from that $288,000, and then it crashes again, of course.”

PlanB also highlights the significance of getting a publicly-listed company to purchase hundreds of millions of dollars worth of BTC as a hedge against inflation.

“I noticed a lot of people didn’t see the importance of what MicroStrategy did but because it’s a listed company, it means that people can put Bitcoin or well [get] Bitcoin exposure in their pension funds.

They could just call their broker and, they can’t say ‘Well, get me some Bitcoin in my pension fund.’ But they can say, ‘Get me these and these and these companies. I want to have those in my pension scheme.’ In that way, you could see MicroStrategy as an ETF.”

Meanwhile, the crypto analyst remains confident in his S2F model and stresses the fact that it is following the script so far.

PlanB also notes that the king crypto is starting to seriously pique the interest of big-money players.

“We now are seeing pull from clients, from people that go to Fidelity and all the big players and ask for Bitcoin in their pension fund.”

But, the widely-followed analyst emphasizes that the S2F model is not infallible.

“The model can fail. It’s a model right. It’s a theory. It’s more to describe something and it’s quantitative so that helps. But it is a model. It can fail. Bitcoin will not fail. I don’t believe that.”

As for the Bitcoin’s current correction, PlanB says that the pullback is meant to scare new investors.

“Small Bitcoin test to shake out weak hands that entered May-Aug. If you can’t handle this, get out now. If you can, welcome to the club! Things to watch –will this be the first dip that stays above $10,000 – will we see a fast V-shape recovery next days.”

In other trending Bitcoin News today:

Max Keiser Reaffirms His $400K Bitcoin Price Prediction

In a recent interview with Cointelegrpah, Max Keiser, host of the Keiser Report reaffirms his Bitcoin $400K prediction while ETH, BSV, BCH, and DeFi scams go to Zero.

Max sees the Bitcoin price climbing to $28,000 in the short term before seeing any major pullback and goes on to share that his $100,000 Bitcoin price prediction he made back in 2011 is still currently in play.

He recently increased his $100,000 BTC price prediction to $400,000 because he’s completely confident in that Bitcoin will compete with gold.

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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:

Bitcoin Falls 12% But a Reuters Poll Indicates Massive Rally Ahead

Bitcoin Could Shatter $864,000 by 2024, According to Crypto Analyst PlanB

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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 — what will the coming days have in store for traders and hodlers?

Let’s take a look at the major factors influencing the Cryptocurrency market just over a week before Bitcoin’s 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 Bitcoin’s 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. 

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. 

Coronavirus continues to weigh on sentiment, as the United States and China spar over the pandemic’s origins and handling, sparking trade fears.

Bitcoin’s 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 Bitcoin’s 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 Bitcoin’s $10,000 Run In 2019 Is Back

After a nearly 20% surge last week, Bitcoin’s 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 hasn’t 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 you’ll save yourself a lot of potential headaches by just waiting for a break in 1D market structure.

— HornHairs 🌊 (@CryptoHornHairs) May 2, 2020

Same Trend That Marked Start of Bitcoin’s $10,000 Run In 2019 Is Back

https://cointelegraph.com/news/halving-stocks-fundamentals-3-things-to-watch-in-bitcoin-this-week

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

Investment banking goliath Goldman Sachs says that Ethereum (ETH) will likely beat Bitcoin (BTC) as a store of value. Excerpts from the bank’s research paper shared by Santiago Roel Santos, general partner at blockchain-focused investment firm ParaFi Capital, highlights Ethereum’s fundamental advantages over Bitcoin.

“Ether beats bitcoin as a store of value. The Ethereum ecosystem…provides developers a way to create new apps. Most of DeFi apps are being built on Ethereum. The greater number of transactions in ether vs bitcoin reflects this dominance.”

In other trending Bitcoin News today: PayPal Users Will Be Able To Withdraw Crypto to External Wallets! The announcement means that 392 million registered accounts will be able to send their cryptocurrencies to other wallets instead of just holding it on PayPal or selling it into fiat currency for withdrawal.

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► 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:

Goldman Sachs Predicts Ethereum Will Overtake Bitcoin As Store of Value

https://cointelegraph.com/news/paypal-users-will-be-able-to-withdraw-crypto-to-external-wallets

https://cointelegraph.com/news/billionaire-carl-icahn-says-he-may-drop-up-to-1-5b-into-crypto

https://cointelegraph.com/news/altcoins-soar-while-bitcoin-and-ethereum-price-stall-near-key-levels