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

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Global payments giant PayPal disclosed on Friday that its customers in the United Kingdom can now buy, sell, and hold multiple cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), directly from their accounts.

“We are delighted to share that all eligible customers in the UK can now buy, hold, and sell Cryptocurrencies Bitcoin, Ethereum, BitcoinCash & Litecoin from their PayPal accounts. Look out for it in the PayPal app,” the announcement reads.

In other trending Bitcoin News today: Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’!

The success rate for cup-and-handle patterns in forex and stock markets, on daily timeframes, are 65% and 68%, respectively, per a Harvard study.

Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions.

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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://cryptopotato.com/paypals-u-k-customers-can-now-buy-sell-and-hold-bitcoin/

https://cointelegraph.com/news/ethereum-eyes-6-5k-bullish-target-as-eth-price-chart-paints-cup-and-handle

https://cointelegraph.com/news/satoshi-nakamoto-statue-goes-up-in-budapest

https://cointelegraph.com/news/bitcoin-sees-quite-healthy-consolidation-on-200m-btc-options-expiry-day

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It’s been an explosive past few days for Bitcoin (BTC).

After tanking as low as $8,600 on the weekend before last, the Bitcoin price breached $10,000 just hours ago.

On Bitstamp, BTC traded as high as $10,429, according to TradingView.com data.

While the asset remains below the yearly highs of $10,500, a prominent analyst noted that this rally has formed Bitcoin’s largest breakout ever.

This suggests that the crypto market is heading much higher than it is in the long run.

Chief executive of Real Vision Raoul Pal shared the below chart in the wake of the BTC price breaking past $10,000, attaching the comment:

“Here it is on a log scale… this is the biggest chart pattern break out thus far…”

The chart depicts that Bitcoin is now trading above the downtrend that formed at the $20,000 all-time high.

The technical downtrend marked the $14,000 2019 high, along with the $10,500 high seen earlier this year.

Pal did not explain the significance of this technical breakout during this thread, but he has in a recent research note.

In the April newsletter from his macroeconomic analysis firm Global Macro Investor obtained by NewsBTC, he wrote that “I think it hits $100,000 in the next two years alone” in reference to a chart almost identical to the one above.

The only difference was that when he shared the chart, it had not broken past the resistance.

Bitcoin’s crucial technical breakout isn’t the only reason why the former Goldman Sachs executive is bullish on the cryptocurrency.

Pal remarked in a Twitter thread published in early May that the confluence of record-level fiscal and monetary stimulus, coupled with the Bitcoin halving, is setting BTC up for success in the long run:

“This is confirmed by stock to flow models by PlanB and the breakout has happened almost exact at The Halvening. Add to that HUGE the ENTIRE worlds central banks are […] printing money like CRAZY. quantitative easing fiat meets the hardest money that automatically quantitatively tightens.”

This led him to the conclusion that Bitcoin currently has one of the “best set ups in any asset class I’ve ever witnessed…technical, fundamental, flow of funds and plumbing.”

While he has floated the $100,000 price target, the investor has mentioned a $10 trillion market capitalization in the past.

Speaking to Max Keiser, Pal said that Bitcoin could eventually rival the market capitalization of gold, which sits around $9 trillion:

“If it becomes an ecosystem, and we believe it will be and it will take the whole ecosystem with it as well, then yes, I think a $10 trillion number is easily achievable within that process.”

For context, a $10 trillion market capitalization corresponds with more than $500,000 per coin. In other trending Bitcoin News today:

Bitcoin (BTC) Soars Above $10,000 – Here’s What Will Trigger ‘Insanely Bullish’ Breakout According to Analyst Josh Rager

Crypto strategist Josh Rager tells his 72,000 Twitter followers that BTC is close to making a move that will have huge bullish implications.

However, the bulls have a bit of work left to do.

“BTC breaking above daily resistance. [Bitcoin is] showing no mercy to bears and is on route to try to break above $10,300. Closing above $10,370 would be insanely bullish.” 

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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:

Add to that the ENTIRE worlds central banks are either seeing their currencies collapse to the almighty dollar (BRL, TRY, ARG, etc) or they are printing money like CRAZY.

HUGE quantitative easing fiat meets the hardest money that automatically quantitatively tightens. $BTC wins.

— Raoul Pal (@RaoulGMI) May 8, 2020

$BTC breaking above daily resistanceShowing no mercy to bears and is on route to try to brak above $10,300s

Closing above $10,370 would be insanely bullish pic.twitter.com/0l8YTrJ6Uy

— Josh Rager 📈 (@Josh_Rager) June 1, 2020

https://t.co/j8wdrwiVbD

1/ With $BTC back over $10,000 for the first time since a brief scrape above this threshold in early May, we are revisiting our long-term key triple volume measurement to analyze the health of both the on-chain and social metrics that are vital to justify pic.twitter.com/nYQjVUOeAS

— Santiment (@santimentfeed) June 2, 2020

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The past few weeks have undoubtedly been rough for crypto; from the February highs, the Bitcoin price has fallen 36%, reaching a low of $3,800 in March.

Robert Kiyosaki, the author of the popular financial book “Rich Dad Poor Dad,” sees no reason to fear, though. In fact, the well-known investor recently went as far as to say that it’s time to drop dollars for Bitcoin (BTC) and other hard money.

In a recent tweet, Kiyosaki explained that with the Fed “counterfeiting […] trillions of fake dollars – $82 billion a month to $125 billion a day” and interest rates at 0%, it makes sense to save “gold, god’s money, or Bitcoin, people’s money,” rather than the fiat dollars that don’t yield anything and are being constantly debased.

He added in a later tweet that the dollar is likely “dying,” boosting the case to invest in gold, silver, and Bitcoin.

“DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.”

It should come as no surprise, then, that demand for Bitcoin is booming regardless of the current BTC price action.

Leading cryptocurrency exchange Coinbase reported that during the now-infamous “Black Thursday” crash, the exchange saw a dramatic surge in buying interest for cryptocurrency:

“But beyond just a rush, two things are clear: customers of our retail brokerage were buyers during the drop, and Bitcoin was the clear favorite. Our customers typically buy 60% more than they sell but during the crash this jumped to 67%, taking advantage of market troughs and representing strong demand for crypto assets even during extreme volatility.”

The U.S.-based Kraken corroborated this narrative, writing in a recent tweet that the exchange “recorded an 83% rise in sign ups, and a 300% increase in verifications” over the past few weeks.

John McAfee Calls Bitcoin (BTC) ‘Worthless,’ Shows Support for These Three Cryptocurrencies

Controversial antivirus mogul John McAfee, who boasts more than 1 mln Twitter followers, doesn’t think that Bitcoin is the driver of his popularity.

The crypto baron unapologetically called the leading cryptocurrency ‘worthless’ in response to one user who claimed that people are only interested in his personality because of BTC.

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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:

It’s widely used among tens of thousands of us who no longer use banks, credit cards or paper currency.There is nothing that you need that can’t be bought through DAI, Monero or Ethereum.Homes, cars, hotels, air travel, food etc.Exceptions:– coffee– Pizza

– Hookers

— John McAfee (@officialmcafee) April 4, 2020

DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.

— therealkiyosaki (@theRealKiyosaki) April 4, 2020

Traders Are Loading Up On Bitcoin Longs: What Does This Mean?

The U.S. Dollar is Dying, Buy Bitcoin: “Rich Dad Poor Dad” Author

https://u.today/john-mcafee-calls-bitcoin-btc-worthless-shows-support-for-these-three-cryptocurrencies