BITCOIN WILL ROCKET TO $1 MILLION PER BTC, SAYS BLOCKSTREAM CSO SAMSON MOW – HERE’S WHEN!

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Bitcoin Price May Rally 4,900% and Hit Half a Million Dollars, Says Fundstrat Analyst Tom Lee – Here’s How

The head of research at Fundstrat Global Advisors, Tom Lee, says Bitcoin (BTC) could rise to half a million dollars in the long run.

In a new interview with Nasdaq, Lee says he stands by his view that the BTC price will hit $40,000 before the Dow Jones hits 40,000.

When asked if Bitcoin will hit $500,000, Lee says he believes a 4,900% increase is possible based on the number of users that ultimately join the network.

“I think in the long term it’s possible because today Bitcoin’s transaction activity is twice that of PayPal, 7x the Discover network. It’s the second-largest transaction network after Visa, and there’s four billion Visa card holders. So if you get to five million Bitcoin users, it’s almost 100x increase in price.”

As for the timeline for such a meteoric rise, Lee says he’s unsure and doesn’t have a crystal ball.

But he does think Bitcoin has a strong use case in the current financial system.

“It’s not like I’m necessarily critical of how financial systems work, but too much money is paid to intermediaries. Today, roughly 6% of all GDP globally is paid to the financial system to manage trust. Bitcoin has been around for 11 years, has never had a single fraudulent activity on its blockchain with $5 trillion of activity. So it works better than the traditional financial system and the cost is vastly lower. Today, you can transmit a million dollars of Bitcoin between countries for $15. That same transaction using remittance counterparties would cost you 5 to 10% of that – $50,000 to $100,000.”

BITCOIN PRICE RETURNS ABOVE $10K, HERE’S WHY:

Bitcoin’s recent golden cross on the daily chart may have driven bullish enthusiasm for the leading crypto to reach a tipping point.

With the upcoming halving, many investors are buying up sub 10K BTC in preparation of the supply-side shock.

Many crypto analysts have predicted when we will never see BTC price under 10K again, but with the golden cross, it may actually be the final catalyst to push Bitcoin’s price into 5 figures permanently.

Bitcoin is often referred to as a deflationary currency due to it’s ever decreasing emission schedule of new coins.

Eventually the economic law of supply and demand will have its impact on Bitcoin’s existing supply, and its decreased production of new coins, causing a rise in prices overall.

As BTC rises in price, we can expect Altseason to really kick into overdrive, due to their heavy correlation with Bitcoin’s price.

We have already witnessed many traders diversifying into alts as BTC dominance has dropped over the last few weeks, dramatically.

Many altcoins have already been outperforming Bitcoin so far this year, acting as leading indicators for the largest market cap coin.

Smart money has been silently taking positions in both Bitcoin and Alts, while prices were down during the crypto winter.

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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://www.nasdaq.com/videos/marketbrief%3A-the-bull-case-for-bitcoin

Bitcoin Price Returns Above $10K, Here’s Why

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

According to Robert Kiyosaki, an American entrepreneur and ‘Rich Dad Poor Dad’ author, owning Bitcoin (BTC), silver, and gold is a wise decision because the “Federal Reserve is dead.”

He cited the increase in so-called “zombie companies” and their respective debts, purportedly at $900 billion.

Kiyosaki writes that the debt “zombies” have will pass $1.6 trillion next year, putting risk on the Federal Reserve.

“FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with decling income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? “Accept what ever comes to you woven in the tapestry of your destiny.” Marcus Aurelius. Take care.”

To combat this trend, alongside a potential debt crisis and money printing, Kiyosaki has effectively prescribed Bitcoin, silver, and gold.

He has mentioned those assets to his over one million followers ad nauseam over recent months.

The “Rich Dad Poor Dad” author says that those assets are “real money” while the fiat money printed by Federal Reserve is “fake.”

Kiyosaki isn’t only bullish on Bitcoin in spirit — he has a price target for the cryptocurrency.

He wrote in May that BTC could hit $75,000 in the next three years while the two precious metals also perform well.

Kiyosaki’s poignant comments on the economy and its relation to gold and Bitcoin comes as the precious metal has rallied.

In other trending Bitcoin News today:

Little-Known Crypto Asset Far Outperforms Bitcoin (BTC), Surging 5,000% Since April 2019 – Here’s Why

A low market-cap coin is gaining recognition after printing 5,000% gains since April 2019.

Crypto analyst and investor Alex Saunders tells his 35,000 Twitter followers that he came across Synthetix (SNX) after attending the Edcon Conference in Sydney last year.

“We were extremely early into a hidden gem & and it has been the best performing project in the best performing sector: decentralized finance.”

Synthetix is a derivatives trading platform built on the Ethereum blockchain that allows users to bet on a number of assets including stocks, crypto, fiat currencies, and commodities.

Those who wish to participate in the market can do so trading by their BTC or ETH into Synthetic Network Tokens (SNX), which can be locked up as collateral to produce synths such as the sUSD (synthetic US dollar).

Traders who hold synths can bet whether a particular stock or currency will rise or fall. What’s unique about Synthetix is that users who choose to stake their SNX tokens as collateral can earn rewards.

SNX’s value proposition of reducing circulating supply by introducing rewards, compelling users to stake massive amounts of coins, and enabling them to get exposure to other assets appears to be driving demand.

Synthetix is currently the third-largest DeFi platform with over $259 million worth of assets locked. The cryptocurrency has a market capitalization of $154.2 million according to CoinMarketCap.

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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:

FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with decling income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? “Accept what ever comes to you woven in the tapestry of your destiny.” Marcus Aurelius. Take care.

— therealkiyosaki (@theRealKiyosaki) June 28, 2020

ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.

— therealkiyosaki (@theRealKiyosaki) May 16, 2020

The best performing #DeFi project of the past two years is $SNX. It’s up 5000% since April 2019 Edcon Sydney. After seeing @synthetix_io presentation I told members this was a top 2 $ETH project & I was buying. We took some profit in Dec but kept HODLing for the long term. 🔥🚀📈 pic.twitter.com/TdImu7GsVY

— Alex Saunders 🇦🇺👨‍🔬 (@AlexSaundersAU) June 26, 2020

Rich Dad Poor Dad Author Promotes Bitcoin: “Federal Reserve Is Dead”

https://cointelegraph.com/news/new-bitcoin-price-model-suggests-exponential-bull-run-in-one-month

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Considering the downward turn of the market, it may be surprising that industry experts are optimistic, but Bobby Lee, Tim Draper, and Tom Lee have some bold yet drastically different Bitcoin price predictions.

The closest of these predictions is $25,000 in the next three years, according to Tom Lee. Bobby Lee has the highest BTC price prediction in this lineup, stating that Bitcoin will reach $1 million by 2028.

Tim Draper, a venture capitalist, decided to move away from the halving proposals in the market today, instead proposing that Bitcoin would be worth $250,000.

Teeka Tiwari released ‘Palm Beach Quant’ last night during his exclusive live event, “12 Seconds to $12,000.”

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It uses 350 years of stock market data, complex aerospace technology, and an algorithm 100 times faster than anything you can access in a lab to predict where stock prices might move next.

This is the goal of quant trading: to build models that find signals hidden in the noice of the market that allow you to predict what comes next.

This quantitative trading system combines rocket science with a 100X-speed trading algorithm to guarantee you a shot to see $12,000/month with a 12 second move, without cryptocurrencies, without private placements, without stocks, and with no trading experience necessary.

“The trading system so accurate, I took money out of Crypto to commit to this instead.” – Teeka Tiwari

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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:

#Bitcoin was designed to be SUPER valuable over time.First 10 yrs, there were only 2 block reward halvings, but the next 10 years, there‘ll be 3 (that’s 50% more)!

By 20th year, daily new output will just be ~255 BTC — yearly inflation of less than 0.5%. More scarce than #gold!

— Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) November 10, 2019

https://cointelegraph.com/news/crypto-markets-turn-red-while-btc-fails-to-impress-below-8-500