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Conservative predictions of Bitcoin say the cryptocurrency will reach $100,000 by 2023.
Some experts are more bullish. The most knowledgeable analyst in the space are predicting $100,000 BTC in Q1 or Q2 of 2022, or even sooner as predicted by quant analyst Plan B:
“I guess we will be above $100,000 [or] above $135,000 at the end of the year, and we’ll continue to grow maybe towards the S2FX model targets, $288,000 or even above. I would not be surprised even to see in Q1 or Q2 next year, prices of $300,000, $400,000, $500,000…”
In other trending Bitcoin News today: $33.5 billion worth of ETH ‘trapped’ in largest Ethereum contract!
The single largest Ethereum contract containing 8,641,954 Ether (ETH) worth $33.5 billion is sitting idle because it cannot be spent or sent.
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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/
https://cointelegraph.com/news/33-5-billion-worth-of-eth-trapped-in-largest-ethereum-contract
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BITCOIN WILL REACH BITCOIN WILL REACH $1 MILLION SAYS CRYPTO STRATEGIST! ETHEREUM NEXT CYCLE ATH $10K-$20K! MILLION BY SAYS CRYPTO STRATEGIST!! ETHEREUM NEXT CYCLE ATH K-K!!
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Crypto analyst and influencer Alex Saunders says he believes Bitcoin is heading toward the $1 million mark, but the journey will take a while.
In a new interview with Stansberry Research, Saunders says BTC is on track to shatter $100,000 in the next five years.
After that, he believes Bitcoin will set its sights on $1 million, and the outcome will depend on how governments decide to deal with the the leading cryptocurrency.
“I honestly think now, if you look at the market cap and you look at the trillions of dollars that are being printed by the month these days, I definitely think we’re going to hit $100,000 in the next five years.
And then it becomes about how governments and central banks react. Are they really going to go hard and try and shut this down or are they going to have to leave it there as a sort of neutral open competitor that’s going to make them more fiscally and financially responsible.
Depending on how that plays out, I think we can get to $1 million in the next 10 or 20 years simply because it is going to grow to compete with gold and forex and just capture anything that’s previously been a store of value. Why wouldn’t you now park that in Bitcoin?”
Saunders says he doesn’t see BTC as a tool to get rich quick, and notes that people often invest in assets too late, after their parabolic rallies are well under way.
As for the altcoin market outside of Bitcoin, Saunders predicts the vast majority of crypto assets will fail, but there are a handful of promising protocols that will survive.
“We’re very much focused on, out of these 10,000 different coins, 99% of them are going to fail just like the dot-com bubble. But we very much think there’s a handful, a few dozen and those are the ones that we’ve invested in, that we believe are promising…
In some ways, [altcoin detractors are] right in that Bitcoin is the king of the currencies and everything else in that realm is a distraction. But these days, it’s kind of expanded out to be a digital asset class, and [rejecting altcoins is] kind of like saying when the internet was invented that there’s only going to be one internet company or one internet stock.
So I definitely think we’re seeing a number of companies that are disrupting a number of industries in the field that are catching on already. Ernst & Young are using Ethereum (ETH). [So is] Microsoft… The biggest companies in the world are using protocols like Ethereum, so they are gaining traction.”
In other trending Bitcoin News today:
“NEXT CYCLE ALL-TIME HIGH FOR ETHEREUM $10K-$20K”
Ether (ETH) returned to $500 for the first time in more than two years on Nov. 20 as altcoins slowly staged a comeback from poor performance.
Despite being capped at roughly 6% daily gains at press time, Ether’s achievement delighted traders, who noted that overall in 2020, the largest altcoin has outperformed even Bitcoin (BTC).
Year-to-date returns stand at 284% for Ether and 155% for Bitcoin.
Versus the pit of its price lows in mid March, just after the coronavirus-induced cross-asset crash, Bitcoin was still the strongest player. At the time, ETH/USD traded at just $117, making Friday’s levels an increase of 327%, while BTC/USD gained 411% from $3,600 to $18,420.
Earlier, Cointelegraph Markets analyst Michaël van de Poppe argued that a new “altseason” would need to wait, but that a realistic top for Ether’s next bull run could be as high as $20,000.
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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:
Next cycle ATH for $ETH probably between $10,000-20,000.
— Michaël van de Poppe (@CryptoMichNL) November 18, 2020
https://cointelegraph.com/news/corporate-bitcoin-frenzy-companies-now-hold-15-3-billion-in-btc
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MAX KEISER STILL PREDICTS NEW BITCOIN ATH BY JUNE 4TH, SAYS BTC CAN GAP $20K HIGHER AT ANY MOMENT!!
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Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill Podcast says, “I’m still looking for BTC to hit new ATH by June 4” and reminds us the fact that, “Bitcoin can gap $20k higher at any moment. New ATH incoming.”
In a new interview on The Wolf of All Streets podcast, Keiser says massive money printing and fresh signs of inflation will force companies to increasingly buy BTC this year. He sees corporations taking part in a Bitcoin buying spree that fuels a 500% price surge by the end of 2021.
“When corporate America really runs out of room to finagle and to escape the Bitcoin reality, they’ve got to make the move. I think it happens in 2021. My price target for 2021 is still $220,000 per Bitcoin. It’s an aggressive price target, but it’s based on the US dollar running into severe trouble.”
In other trending Bitcoin News today: Here’s Why Central Banks Could Add Bitcoin and Crypto to Their Balance Sheets, According to Cathie Wood!
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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:
“When corp. 🇺🇸 really runs out of room to finagle & to escape the #Bitcoin reality, they’ve got to make the move. I think it happens in 2021. My price 🎯 for 2021 is still $220K per #BTC. It’s an aggressive 🎯, but it’s based on the US 💵 running into severe trouble.”-@MaxKeiser
— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) May 30, 2021
https://cointelegraph.com/news/worst-month-for-btc-price-in-10-years-5-things-to-watch-in-bitcoin
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THE 0K BITCOIN BULL CASE BY ANTHONY POMPLIANO!! MAX KEISER PREDICTS 0K BTC PRICE!!
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Bitcoin has every possibility to grow its market size by 15-20X within the next 15 months, according to BTC bull Anthony Pompliano of New York-based hedge fund Morgan Creek Digital.
“My base case is approximately 10x to $100,000 and the bull case is around $250,000 per bitcoin,” he predicted after assessing all the said catalysts.
The founder said in a note to investors that they should put 1-10 percent of their investable capital into Bitcoin.
Recalling his own portfolio’s 50 percent exposure in the cryptocurrency, Pomp cited a string of upside catalysts that would benefit anyone who invests-in/holds the 11-year old financial asset.
The first optimistic fundamental in line was the Federal Reserve and its unprecedented monetary policies.
The US central bank in April cut its interest rate to near-zero to boost lending amid the coronavirus pandemic.
In its recent remarks, the Fed vowed to keep the rates lower for the foreseeable future.
More tailwinds Bitcoin’s bullish bias came from the US government’s $3 trillion stimulus package.
Because of it, the Fed’s balance sheet expanded by 75 percent since the beginning of 2020.
The bank further announced that it is targeting a 2 percent-plus inflation level.
“The average investor fears inflation right now, regardless of whether we [actually] see that inflation or not,” wrote Mr. Pompliano, adding that the “fear has driven significant capital flows into inflation-hedge assets (Gold, Bitcoin, Real estate, etc.).”
“The combination of the Fed’s asset price manipulation and inflation fears has driven gold and Bitcoin to drastically outperform equities and other commodities.”
Bitcoin rose by around 50 percent on a year-to-date timeframe. Pomp predicted a further upside for the cryptocurrency due to growing demand from the institutional investors.
For instance, Fidelity Investments, a Boston firm with $3.3 trillion worth of assets-under-management, favored a 1-5 percent allocation to Bitcoin in any portfolio.
Meanwhile, Stone Ridge, a $10 billion asset management firm, revealed that it now owns $15 million worth of BTC tokens.
Billionaire investor Paul Tudor Jones put 1-2 percent of his $22 billion portfolios into Bitcoin Futures.
Also, many pensions funds gained exposure in the cryptocurrency.
Pomp’s letter highlighted corporations that purchased Bitcoin as a reserve asset for part or majority of their treasury.
That included MicroStrategy, a $1.2 billion market cap firm that put 85 percent of its $500 million balance sheet ($425M) into Bitcoin, and global payments firm Square that last week purchased $50 million worth of BTC tokens.
“The demand outlook is strong, and it shows signs of actually accelerating into the first half of 2021,” added Mr. Pompliano.
The fund manager later discussed the Bitcoin market’s potential supply shock.
With a 21 million hard cap and 18.4 million units already in circulation, Mr. Pompliano noted that Bitcoin’s scarcity against its rising demand would act as another bullish tailwind.
In other trending Bitcoin News today:
Bitcoin pioneer Max Keiser went on a Crypto Twitter rant predicting a $28K short term Bitcoin target along with a $400K BTC price target for the long term…
“There is strong evidence to suggest Bitcoin futures traders are manipulating BTC down to give institutions a chance to load up on physical BTC cheap before the break to $28,000”
“The (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000”
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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:
There is strong evidence to suggest #Bitcoin futures traders are manipulating BTC down to give institutions a chance to load up on physical BTC cheap before the break to $28,000
— Max Keiser (@maxkeiser) October 16, 2020
The (temporary) #Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000
— Max Keiser (@maxkeiser) October 16, 2020
❓Why does #bitcoin price not go up with all this institutional buying? Who is selling? BTC price is exactly where it should be, holding firm above $10K, waiting for that one moment .. asymmetrical returns .. patience! pic.twitter.com/pCyftmvHco
— PlanB (@100trillionUSD) October 16, 2020
Bitcoin Will Likely Grow 15-20x in Next 15 Months: Fund Manager
https://cointelegraph.com/news/calm-before-the-storm-analyst-says-20k-bitcoin-possible-in-3-months
Post Views: 97