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

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Dan Morehead, founder of Pantera Capital, says the Bitcoin price has a pretty good shot at hitting $100,000 per BTC by the end of next year.

Along with Micheal Sonnenshein of Grayscale Investments, together they share their bullish forecasts on the Bitcoin (BTC) price trajectory.

On a new episode of the Money Movement podcast, Morehead says he and his firm remain bullish on the godfather of cryptocurrency.

He believes BTC is gearing up for another bull run that would be deemed “ludicrous” by traditional standards.

“[Bitcoin’s] got a nine-year 209% compound annual growth rate and we think it will continue, and it’s just that simple. It has some bubbles, it has some down trades, but if it got back on that trend it would be at $100,000 at the end of next year.

In the normal markets, saying something goes up 10x is ludicrous and you’d be ridiculed but, it happens every three or four years and all the factors are coming together. So I think it is a pretty good shot that hits $100,000 at the end of next year.”

Sonnenshein says people shouldn’t be putting money into Bitcoin unless they can afford to lose it.

He cites a recent report from Grayscale that compares BTC’s current market structure to 2016 before the coin began a historic 4,400% rally.

“In my opinion, Bitcoin is not something people should be putting more money into than they can afford to lose. Think of it as an early-stage technology.

Buyer beware, it does have those 80% drawdowns, but from here, Bitcoin is either a hell of a lot higher and a lot more valuable than it is today, or something somehow comes along and displaces Bitcoin and we all move on to something else.”

In other trending Bitcoin News today:

This Newly Created Crypto Asset Just Surged 6,200% – And Bitcoin Trader Josh Rager Says It’s Just Getting Started

Crypto strategist and trader Josh Rager is a keeping a watchful eye on a new crypto token that has skyrocketed by about 6,200% in less than a month.

Rager tells his 87,000 Twitter followers he sees Shroom.Finance (SHROOM) doubling in value in the next 30 days.

“SHROOM is currently near $0.01 and if MEME can go from $30 to $1600 in one month, there’s no reason why SHROOM can’t go from current price to $0.50+ the coming month if Shroom bridges gaming, DeFi and NFTs, especially as liquidity is added in the coming weeks as LPs will be rewarded.”

According to its website, Shroom.Finance is a fork of the Sushiswap protocol.

The new crypto asset seeks to build community-owned DEXes (decentralized exchanges) that specialize in the $10-billion in-game asset industry.

“We foresee a future where in-game assets, fungible and non-fungible, trade freely in a decentralized fashion, and we are here to take that spot and facilitate the ownership to a community of gamers.”

Rager points to the emergence of the widely-talked about non-fungible tokens (NFTs) as a possible bullish catalyst for SHROOM.

“Let’s just say NFTs are one of the hottest trends to hit 2020. And Shroom Finance team is building a decentralized ecosystem for in-game assets trading and minting. This includes NFTs (ERC-721, ERC-1155) and ERC-20 token standards. I’m really bullish on SHROOM for long term.”

The trader also says that Shroom.Finance’s new DEX will allow SHROOM holders to participate and generate income via yield farming.

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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:

Prepare for a great Q4 2020 for BTC folks (blah blah, de-coupling, blah blah, new correlations). The difficulty ribbon is one of my more reliable personal favourites. https://t.co/syPL4RfFTD

— Willy Woo (@woonomic) September 28, 2020

$SHROOM is currently near $0.01 & if MEME can go from $30 to $1600 in one monthThere’s no reason why SHROOM can’t go from current price to $0.50+ the coming month if Shroom bridges gaming, defi & NFTs

Especially as liquidity is added in the coming weeks as LPs will be rewarded

— Josh Rager 📈 (@Josh_Rager) September 21, 2020

https://dailyhodl.com/2020/09/28/btc-set-to-erupt-in-ludicrous-bull-run-says-crypto-fund-manager-dan-morehead/

https://dailyhodl.com/2020/09/28/this-newly-created-crypto-asset-just-surged-6200-and-bitcoin-trader-josh-rager-says-its-just-getting-started/

https://cointelegraph.com/news/bitcoin-difficulty-ribbon-chart-hasnt-been-this-bullish-since-march

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

Bitcoin bull and Wall Street veteran Max Keiser has issued a massive BTC price prediction, saying as game theory suggest, governments around the world will start putting Bitcoin on their balance sheet sending BTC parabolic to $1,000,000. 

The RT host of the Keiser Report shared the following:

“As long as governments control money, there could be no advances in money. Along comes bitcoin, it separates government from money. No government can touch btc, they’re completely divided & divorced.

And as I predicted, if you gave people hard money like bitcoin to transact without the interference of government it would be an economic global boom, a renaissance.

We can transact in unconfiscatable, uncensorable money when nobody can stop us because we’re protected by this encrypted shield called the bitcoin protocol that’s impenetrable & nobody can stop us.

Governments have flapped their gums a lot & suggested oh we are against it but none of them can stop it. Eventually one of these governments according to game theory is gonna say you know what, enough is enough we’re gonna start putting it on our balance sheet here.

And whatever country that might be & then every other country will do exactly the same thing and the price of course will go $500K, $600K, $1,000,000 a bitcoin and Max & Stacy will be once again 100%  right.”

In other trending Bitcoin News today:

A Bitcoin Price Dip For Ants? BTC Quickly Rebounds to a New High Above $57,800

The price of Bitcoin (BTC) dipped to as low as $53,905 on Binance overnight, recording a sudden 6% drop. But despite the minor correction, the price of Bitcoin quickly recovered thereafter, reaching a new all-time high above $57,800 on Feb. 21.

Although Bitcoin saw a steep drop within merely hours, analysts pinpointed that it fell to the exact bottom of a short-term trendline.

John Cho, the Director of Global Expansion at Ground X, noted that the drop was a liquidity fill at a lower price.

A liquidity fill simply means when an asset drops after stagnating to fill buy orders at the bottom of the range

A drop was expected because Bitcoin was consolidating with the futures funding rate at around 0.15%.

Across major futures exchanges, the Bitcoin futures funding rate was hovering between 0.1% to 0.2%, and it was particularly high for stablecoin pairs.

Bitcoin futures exchanges use a mechanism called funding to incentivize buyers or sellers based on market sentiment.

For example, when there are more buyers in the market, the funding rate turns positive. When that happens, buyers have to pay sellers a portion of their position every eight hours.

When the funding rate is high but the price of Bitcoin is consolidating, the risk of a big short-term drop increases.

The funding rate for altcoins, including Ether (ETH) and DeFi tokens, reset to around 0.05%. As such, altcoins saw a stronger bounce than BTC.

Misa Christanto, an analyst at Messari, said that in a bear market, everything is correlated. But Bitcoin, which is also considered a “reflation trade,” has been resilient. She wrote:

“US Treasury curve is steepening. Why should we care? Because in a bear market, everything is correlated. So far the headwinds have been on equity returns, on unprofitable tech names. Reflation trades like $BTC unaffected.”

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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:

“As long as governments control money, there could be no advances in money. Along comes #bitcoin, it separates government from money. No government can touch #btc, they’re completely divided & divorced.”-@MaxKeiser🍊💊

— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) February 20, 2021

“These banks will not compete. They will not introduce anything near a #Bitcoin. Just like there was only one Joan of Arc, there was only one Virgin Mary, there was only one Allah, there can be only one #BTC & it rules supreme.” – @MaxKeiser (Keiser Report 443, May 11, 2013) 🍊💊

— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) February 20, 2021

In percentage terms, Bitcoin growing from $57K to $1M is the same as going from $3,249 to $57K.

— Stack Hödler (@stackhodler) February 20, 2021

On-Chain Data: The Last Time This Happened, Bitcoin Rose Another 2x

https://cointelegraph.com/news/a-bitcoin-price-dip-for-ants-btc-quickly-rebounds-to-a-new-high-above-57k

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Strike CEO Jack Mallers was recently interviewed on CNN to talk about the Bitcoin global payments network with Strike and where BTC transaction cost are headed.

“If we’re all on the same standard, in the same way we’re all on the same internet – interoperability & connectivity becomes seamless, instant & free.

If Bitcoin was $100 or $100k, Strike can still get $$ from here to Japan instantly at no cost. The network’s going to disrupt the world no matter the price of BTC.”

Regarding Mallers Bitcoin price prediction moving into Q4 of this year, he shared the following, “I expect to go well into the 6 figures this year.”

In other trending Bitcoin News today: Bitcoin history repeating? 3 indicators suggest October will reignite the BTC bull market.

The flagship cryptocurrency has closed October in profit seven out of nine times since 2013, raising hopes that it will be able to log a fractal bull run in the next 31 days.

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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:

“If we’re all on the same standard, in the same way we’re all on the same internet – interoperability & connectivity becomes seamless, instant & free.”

Talking global payments with @ln_strike CEO @jackmallers and where transaction costs are headed!

“Race to the bottom, baby!” pic.twitter.com/Lcq18pW9I3

— Julia Chatterley (@jchatterleyCNN) October 1, 2021

https://cointelegraph.com/news/3-factors-that-can-send-ethereum-price-to-100-gains-in-q4

https://cointelegraph.com/news/bitcoin-history-repeating-3-indicators-suggest-october-will-reignite-the-btc-bull-market

https://cointelegraph.com/news/bitcoin-investors-no-longer-fearful-watch-this-btc-price-level-next