BITCOIN WILL DEFY REGULATORS WITH ‘TENFOLD RISE IN VALUE’ TO OVERTAKE GOLD SAYS ARK INVEST CEO!!

It’s official.

The Bitcoin network has surpassed $1 Billion USD in cumulative fee revenue.

This is a really cool milestone because it shows how much people value block space and that it’s something people don’t mind paying for.

Today, Oct. 31st marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or group pseudonymously identified as Satoshi Nakamoto.

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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:

“If $BTC breaks $8000, it will likely go to $6400. But if it breaks $10500, it will likely go to $12000″. Some deride speculators who think in those terms. However that’s how markets work. Particularly so momentum driven markets.

— Alex Krüger (@krugermacro) October 30, 2019

Bitcoin Just Hit $1 Billion in All-Time Transaction Fees

https://cointelegraph.com/news/11-years-ago-today-satoshi-nakamoto-published-the-bitcoin-white-paper

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Bitcoin will surge 115% from current levels to $100,000 either late this year or early next year, and could reach $175,000 per BTC in the long term, Standard Chartered’s cryptocurrency research team has forecast.

The bank’s team said it “structurally” values bitcoin between the range of $50,000 to $175,000. “Cyclically, we expect a peak around $100,000 in late 2021 or early 2022,” they said in a note Tuesday.

It also sees the current price of Ethereum’s native token ETH rising tenfold to between $26,000 to $35,000. No time period was specified for the price target.

In other trending Bitcoin News today: SEC approves Volt Equity ETF providing exposure to Bitcoin-centric companies.

The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC).

The exchange-traded fund, which was approved on Tuesday, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are defined as entities that hold a majority of their net assets in BTC or derive a majority of their earnings from Bitcoin mining, lending or transacting, according to an SEC filing.

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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://markets.businessinsider.com/news/currencies/bitcoin-ether-crypto-price-outlook-standard-chartered-100000-early-2022-2021-9

https://cointelegraph.com/news/sec-approves-volt-equity-etf-providing-exposure-to-bitcoin-centric-companies

https://cryptopotato.com/heres-why-bitcoin-soared-35-in-days-according-to-jp-morgan/

https://cointelegraph.com/news/btc-price-hits-56k-as-bulls-return-and-talk-focuses-on-bitcoin-etf-approval

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

The entire crypto market could increase in size by 50,000%, according to macro investor and Bitcoin advocate Raoul Pal.

“This is a multi-quadrillion dollar world that’s being developed in terms of flow. In terms of the stock market, the bond market, the equities markets – all of these things are two, three, four hundred trillion dollar markets each. Currently the digital asset sector is [$2.26 trillion], so what is it going to be worth? At least 100x from here still, probably 200x maybe even 500x.”

In other trending Bitcoin News today:

Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000

Based on the current NVT price of $47,500, the next major short-term top with an NVT premium of 2 could likely be at or above $95,000 while a potential cycle top, with an NVT premium of 3.5, could be at or above $166,300.

What’s more, a $166,000 price tag may actually be a fairly conservative prediction, according to Woo. The analyst explained that BTC price could also reach as high as $300,000 by December 2021, based on other metrics.

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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:

https://cointelegraph.com/news/investors-on-chain-activity-hints-at-bitcoin-price-cycle-top-above-166-000

https://cointelegraph.com/news/eth-bonanza-as-three-north-american-ethereum-etfs-approved-in-one-day

https://cointelegraph.com/news/record-600m-bnb-burn-suggests-binance-made-750m-in-profit-in-q1