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Widely-followed crypto strategist and trader Michaël van de Poppe is looking at the bigger picture to analyze the state of the Bitcoin bull market.
According to the psychology of a market cycle, the disbelief phase is the earliest stage of the bull market, where market participants believe that the rally will abruptly end.
Van de Poppeâs current sentiment that BTC is in the early stages of a bull market aligns with his prediction that Bitcoin will hit $300,000 by the end of the current boom cycle.
In other trending Bitcoin News today:
Asset Giant Charles Schwab Exploring Support for Bitcoin and Crypto Markets
Investment services firm Charles Schwab is keeping an eye on the developments in the crypto space as the company with over $7 trillion in client assets says the doors are open for supporting Bitcoin and crypto markets.
In the companyâs newest business update, Charles Schwab CEO Walt Bettinger says that the company is looking very closely and cautiously at the crypto market.
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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:
Asset Giant Charles Schwab Exploring Support for Bitcoin and Crypto Markets
https://cryptopotato.com/2-on-chain-metrics-suggest-bitcoin-bullish-bias-intact/
After The Crash: Why Bitcoin Could Have More Upside Potential
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Legendary Investor Bill Miller Makes the Case for Bitcoin (BTC) Rise to 0,000 | Altcoins Rally!
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
Bill Miller, chairman and chief investment officer of Miller Value Partners, is sharing his crypto investment strategy and why heâs bullish on Bitcoin (BTC).
In a FutureProof interview, the head of the investment firm that manages $3 billion in assets describes the start of his journey as a BTC believer.
âI got involved in Bitcoin around 2013. It was trading at around $200 or so when I started buying it. Then it ran up to around $1,100 to $1,200 and then Mt. Gox collapsed. [Bitcoin] collapsed all the way back to $200 again in 2014. I began to buy it again⊠My average cost is about $300 [a coin].â
Miller says there are several fundamental reasons why he became an early adopter and long-term advocate of the worldâs leading cryptocurrency.
âThe nature of what it was trying to do, it had many different ways to win. My view was if any of those various things â it became a currency, it became a payment system, it became a non-correlated asset â any of those things, much less all of them, would lead to a very dramatic move in the underlying price.
That was also helped along by the fact that it is limited to 21 million Bitcoin and it is decentralized. It is not able to be tampered with or debased.â
From an investment standpoint, Miller says Bitcoin continues to offer a very favorable risk-reward ratio.
Heâs an advocate for a small 1% to 2% portfolio allocation to BTC.
In the long run, he believes he could earn a 1000x or more return on his BTC investment, which would place Bitcoin at $300,000.
âI could make 100x of my money. I could make 1,000x, maybe more than that. I can only lose 100%⊠I still have it. I havenât sold any Bitcoin⊠Back in the 70s and early 80s, people were talking about putting 5% of your assets in gold because itâs a hedge.
Itâs an insurance policy in case inflation comes back again as it did in the 1970s. I would say that if thatâs a sensible thing to do, then, certainly to have 1 to 2% of your assets in Bitcoin makes great sense here.â
The experienced investor also makes a unique case as to why Bitcoin is less risky now compared to when it was trading below $100.
âFor most assets that you buy, the more they go up in price, the less value there is to be extracted out of it, and the riskier it becomes.
Bitcoin is in an unusual position of being the exact opposite of that. It was very risky when it was trading at a dollar, $5, or $10. It could have easily disappeared.â
In other trending Bitcoin News today:
Bitcoin Price Stalls at $9,300, Altcoins Rally to New Multi-Year Highs
Within the last few hours, the Bitcoin (BTC) price pushed above $9,300 after struggling to hold the $9,300â$9,400 level for the past three days.Â
As Bitcoin price slowly worked its way through resistance to $9,300, a handful of the top-50 altcoins posted strong double-digit gains.
Cardano (ADA) reached a new two-year high by rallying 26% to $0.13.Â
Chainlink (LINK) also rallied 6.11% to a new all-time high at $5.99.
VeChain (VET) was another top performer for the day with a 21.6% rally.
According to CoinMarketCap, the overall cryptocurrency market cap now stands at $271.3 billion and Bitcoinâs dominance rate is 63%.
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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://cointelegraph.com/news/bitcoin-price-stalls-at-9-300-altcoins-rally-to-new-multi-year-highs
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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.
âI 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 weâre 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 thatâs going to make them more fiscally and financially responsible.Â
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 thatâs previously been a store of value. Why wouldnât you now park that in Bitcoin?â
Saunders says he doesnât 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.
âWeâre 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 thereâs a handful, a few dozen and those are the ones that weâve invested in, that we believe are promisingâŠ
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, itâs kind of expanded out to be a digital asset class, and [rejecting altcoins is] kind of like saying when the internet was invented that thereâs only going to be one internet company or one internet stock.
So I definitely think weâre 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.â
In other trending Bitcoin News today:
âNEXT CYCLE ALL-TIME HIGH FOR ETHEREUM $10K-$20Kâ
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, Etherâs 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 Fridayâs levels an increase of 327%, while BTC/USD gained 411% from $3,600 to $18,420.
Earlier, Cointelegraph Markets analyst MichaĂ«l van de Poppe argued that a new âaltseasonâ would need to wait, but that a realistic top for Etherâs 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.
â MichaĂ«l 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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THIS ARAB WHALE IS BUYING $4.8 BILLION IN BITCOIN TO SETUP MIAMI 2.0 BLOCKCHAIN STRATEGY FOUNDATION!!
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A Dubai businessman is pledging to buy 100,000 Bitcoin worth up to $4.8 billion as part of a new company strategy. To put that into perspective, itâs the largest BTC investment of its kind in the world.
Khurram Shroff, the Chairman of Dubaiâs IBC Group, a noted Arab Whale, and the poster child of Blockchain technology in the Middle East and Asia, has pledged 100,000 Bitcoin (current value of USD $4.8 Billion) to setup the Miami 2.0 Blockchain Strategy Foundation and many other related Joint Venture Projects.Â
Mr. Shroffâs backing of Miami 2.0 Blockchain Strategy could turbo-charge use of the cryptocurrency, which is estimated to transact USD $200 Billion per day, by the end of 2021.
The pledge by IBC group, the largest in Bitcoin history, will be significant in facilitating the digital-currencies adoption across multiple industries and critical in aiding Miamiâs vision to integrate Bitcoin in everyday transactions.Â
An avid supporter of Ethereum 2.0, Khurram Shroff was instrumental in its beacon chain reaching the required threshold for its launch in November 2020. As of the date of this article, the beacon chain has more than USD $5 Billion worth of Ether staked to secure the Ethereum Proof of Stake (ETH2.0) to enable decentralized finance, including DeFI and DaPPs.
IBC Group was recently approached by landmark U.S based real-estate developer Burkhan World Investment LLC, to increase the adoption of the blockchain technology in Real Estate and to enable efficiencies in government and private sectors.Â
âMaking the largest Bitcoin investment in history is proof of our commitment to assisting cities adopt Blockchain, which we see as the key to enabling widespread adoption,â reiterated Khurram Shroff.
Burkhan currently has over US$1 billion worth of Real Estate projects in Miami in its pipeline that are being empowered with technological innovation. âEnabling investment into Real Estate utilizing Bitcoin as a collateral asset will further enhance its use case as a tool to create a hybrid investment vehicle for BTC holders,â said Shahal Khan, Burkhanâs CEO and Founder, âEconomical debt coupled with a favorable hedge for BTC holders in stable long-term assets such as Real Estate, are a double win for digital currency holders as well as developers and property owners.â
Inspired by Miamiâs Mayor Francis Suarezâs commitment to blockchain, both IBC group and Burkhan are looking forward to being a part of Miamiâs strategic tech vision. In a recent interview, while talking about integrating bitcoin into certain government transactions, Mayor Suarez said, âCities like Miami, weâre trying to attract tech town. Itâs part of a larger play to position Miami as one of the most tech-forward cities in the country.â
In other breaking Bitcoin News today:
MicroStrategy Purchases Another $1 Billion Worth of Bitcoin
Business intelligence firm MicroStrategy increased its Bitcoin (BTC) holdings by 27% on Wednesday after purchasing an additional 19,452 coins, taking its total haul to 90,531 BTC.
Announced on the companyâs website on Wednesday, the coins were reportedly purchased for approximately $52,765 per coin, equating to an outlay of just over $1 billion.
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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://twitter.com/Bloqport/status/1363207832221462534
$BTCif 4h breaks down, be prepared for some uber bearish calls to start popping up on CTAB=CD & 1.618 fib both at 36.7k
meanwhile, i’ll be bidding the daily Kijun at 42k pic.twitter.com/xu7DCYCFk4
â Josh Olszewicz (@CarpeNoctom) February 25, 2021
Post Views: 153