đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
The CEO of blockchain forensics firm Chainalysis is optimistic that the Bitcoin price will rise above $100,000 before the end of 2021.
In a Bloomberg interview, Michael Gronager, who is also the co-founder of cryptocurrency exchange Kraken, asserted that bitcoin and the cryptocurrency market, in general, are still in a bull run state.
âI think we are still in the bull market. I think we can see above a $100k by the end of the year, so I would be bullish on that as well. Long term, I would probably usually say the Moon is the limit but we can go beyond that as well.â
In other trending Bitcoin News today: Cryptocurrencies Gain Legal Status in Texas as New Laws Take Effect!
Texas becomes the latest US state to adopt crypto and blockchain technology under its commercial law.Â
Texas House Bills 1576 and 4474, passed in May by the stateâs Congress and in June by Governor Greg Abbott, officially make crypto legal in Texas effective September 2021.
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
https://cryptopotato.com/bitcoin-price-to-hit-100000-by-end-of-2021-chainalysis-ceo/
Cryptocurrencies Gain Legal Status in Texas as New Laws Take Effect
You Might also like
-
CONTROVERSIAL BITCOIN PRICE MODEL PLACES 'EXACT DATE' ON WHEN BTC WILL SHATTER 0,000!!
âĄïž Tap into OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
We can expect the Bitcoin price to shatter $100,000 on this âexact dateâ according to one of the most controversial BTC analysts in Crypto.
Using the stock-to-flow model (S2F), which divides the amount of Bitcoin in circulation by the amount of BTC mined per year, PlanB believes BTC is set to be over $100,000 on August 16th, 2021.Â
The high-profile crypto analyst retweeted a post from Dutch entrepreneur Marc van der Chijs on the viability and timing of the S2F model.
âMost people think this is impossible, but I have seen a 1,000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again, anything is possible.âÂ
PlanB was the first analyst to apply the S2F model to Bitcoin.
Although it has plenty of critics, predictions from the model have so far been highly accurate.Â
Over the weekend, the quantitative analyst told his 123,000 Twitter followers that the stock-to-flow ratio continues to be in step with Bitcoinâs price action.
â3rd red dot (currently $11,850) above 2nd red dot (bitcoin July close $11,356) and above 1st red dot (June close $9,132)⊠next target: December 2017 ATH close $14,000.â
In other rending Bitcoin News today:
ANALYST: BITCOIN COULD SURGE TO $17,000 ONCE THIS CRUCIAL LEVEL IS BROKEN
Analysts are now closely watching to see how BTC continues responding to $12,000, as it has yet to catalyze any sharp selloff during this latest push higher. While speaking about Bitcoinâs near-term outlook, one analyst explained that in an optimistic scenario, the cryptoâs price could push as high as $17,000.
That being said, he also notes that there are hurdles in the way, with $13,000 being the first region he is watching.
âBitcoin: Given the significance of this level, Iâm starting to think this is becoming a very likely scenario. However, a clear break and flip of $12K are continuations towards $13K and possibly $15-17K area.â
For this possibility to play out â or even come close to coming to fruition â it is imperative that Bitcoin breaks past $12,000 with decisive force.
EX-PRUDENTIAL CEO DOES A U-TURN: IT IS TIME TO BUY BITCOIN
In an interview with Fred Katayama of Reuters, Mr. Ball, who currently serves as the Chairman of the investment firm Sanders Morris Harris seemed to showcase a more positive stance towards Bitcoin.
Previously, George was a hater of the worldâs top cryptocurrency and blockchain technology.
But now he thinks that Bitcoin makes for an attractive long-term investment. According to him:
ââŠitâs where many people will turn after Labor DayâŠâ Ideally, as an investor, he would either want âto make a safe haven for my money or a short-term speculative bet.â
The ex-Prudential boss remarked that the current scenario in stock markets is boring, and the âliquidity floodâ is the only thing thatâs keeping things afloat.
But that will soon end. Mr. Ball said that the continuous flurry of stimulus packages would eventually return to bite back the government, and added that: He thinks that âtraders and investors should realign their portfolios substantially,â and allocate sections of their portfolios to Bitcoin.
Why? Because BTCâs ââŠsomething that canât be undermined by the government, and it wonât become worthlessâŠâ And thatâs why wealthy traders and investors could probably turn to Bitcoin, as âthere are no yields today.â
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
$BTC #BITCOINGiven the significance of this level, I’m starting to think this is becoming a very likely scenario.
However, a clear break and flip of $12K are continuations towards $13K and possibly $15-17K area. pic.twitter.com/jSeAuyRhCp
â Crypto MichaĂ«l (@CryptoMichNL) August 15, 2020
No, $288k is the average in roughly mid2020-mid2024
â PlanB đŽ đŽ đŽ (@100trillionUSD) August 17, 2020
Most people think this is impossible, but I have seen a 1000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again anything is possible. https://t.co/rOf63ud0zK
â Marc van der Chijs â new account (@marcvanderchijs) August 16, 2020
Analyst: Bitcoin Could Surge to $17,000 Once This Crucial Level is Broken
https://cryptopotato.com/ex-prudential-ceo-does-a-u-turn-it-is-time-to-buy-bitcoin/
Post Views: 515 -
K BITCOIN PRICE IS âREASONABLEâ IF BTC HITS NEW HIGHS, SAYS TONE VAYS!! PEAK PROJECTED AT 5K!!
âĄïž Tap into OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
Tone Vays, the well-known BTC derivatives trader, believes the Bitcoin price will stay above $10,000 for the rest of 2020.Â
At the start of the year, Vays said he was skeptical the BTC price would break $20,000 in 2021 but now he thinks itâs possible for the top cryptocurrency to overtake its record all-time high.
If the price of Bitcoin surpasses $20,000 in the medium-term, Vays said history shows it tends to double.
Based on the historical price cycles, he said the $45,000 to $50,000 range is a reasonable target.
During an interview with IGTV, Vays said:
âEvery time Bitcoin breaks a prior all-time high, especially when it takes years to break that all-time high, it tends to usually more than double. So I think $45,000 to $50,000 is a reasonable target.â
Throughout 2020, Vays said Bitcoin would likely stay above $10,000 and gear towards $20,000 the following year.
He noted:
âIn the beginning of the year, I thought that even next year would be a struggle to break $20k. Now I think itâs pretty likely that weâll break $20k next year.â
As on-chain analysts have said throughout August, the $10,000 area has become a strong support level for Bitcoin.
As long as a key psychological level at $10,000 is intact, an extended uptrend becomes more likely.
Vays also drew a comparison between Bitcoin and gold. He emphasized that gold broke its all-time high and saw a 5% upside past its previous high fairly quickly.Â
The trader explained that Bitcoin could do something similar over the medium to long-term when it breaks its previous all-time high at $20,000. He stated:
âWe are watching whatâs happening with gold right now. Gold finally broke its all-time high, that it made ten years ago, just recently, and it went already $100 past that. So it went 5% more fairly quickly. So letâs see how fast gold goes up since breaking all-time high, and Bitcoin can do something similar.â
How far could Bitcoin go?
Various price models predict the price of Bitcoin to reach anywhere between $30,000 to $250,000 in the long-term.Â
According to Vays, he would be satisfied if the next top of Bitcoin is at around $45,000.
Historically, Bitcoin has seen a major breakout past its previous record high, reach a new peak, then correct.
A rapid upsurge to unsustainable price levels could leave BTC vulnerable to sharp drops. He added:
âDo we think we go as high as $100,000? Iâm not willing to make that statement. For me, I would be happy if the next top was around $45,000, and that can happen quickly.â
In other trending Bitcoin News today:
Analyst: Bitcoin Trajectory Ahead of Schedule, Peak Projected At $325K
Bitcoin price recently set a new high for 2020Â but has since pulled back to just under $12,000.
However, the cryptocurrency is slightly âahead of schedule,â according to a top crypto expert and former Google engineer.
Because the asset is further beyond in its cycle âtrajectory,â it could mean that thereâs still more downside to go before the bull run picks up in steam.
In the end, however, it doesnât matter, as the same projection brings the cryptocurrency to a peak of over $325,000 in under two years.
According to the crypto expert, if the cryptocurrency was following the last cycle exactly, the price per BTC should be trading around roughly $10,800.
Currently, BTCUSD is trading roughly $1000 higher following a pullback that began after setting a local high at $12,400.
If Bitcoin continues to follow this path, and it has thus far, the next peak would arrive sometime around October 19, 2021.
The target? $325,000.
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
If we were to follow the 2016/17 trajectory (we’re ahead of schedule right now), the peak of the cycle would occur on October 19th, 2021 and the peak price would be approximatelyâŠ
$325,000 đ
â Vijay Boyapati (@real_vijay) August 19, 2020
Stats showcasing crypto growth in 2020â Crypto market cap +95% â Stablecoin market cap +185%
â $BTC +65%
â $ETH +220%
â $LINK +800%â BTC futures OI +50%â BTC options OI +560%â BTC CME futures OI +660%â BTC CME futures OI (in BTC) +360%â Total value locked in DeFi +900%
â Alex KrĂŒger (@krugermacro) August 20, 2020
Analyst: Bitcoin Trajectory Ahead of Schedule, Peak Projected At $325K
https://grayscale.co/wp-content/uploads/2020/08/Grayscale_Valuing_Bitcoin.pdf
https://cointelegraph.com/news/grayscale-bitcoin-market-looks-like-2016-before-historic-bull-run
https://cointelegraph.com/news/50k-bitcoin-is-reasonable-if-btc-hits-new-highs-says-tone-vays
Post Views: 543 -
BITCOIN WILL RISE 100X TO $5 MILLION PER BTC PREDICTS MICROSTRATEGY CEO MICHAEL SAYLOR!!
đ° BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
Software giant Microstrategy has purchased more than $1 billion worth of bitcoins to bring its total cryptocurrency holdings to above $4.5 billion worth.
The company announced on Wednesday that it had acquired an additional 19,452 bitcoins at an average price of $52,475.
This brings the firmâs total holdings to 90,531 bitcoins, which altogether were bought at an average price of $23,985 per bitcoin. This means Microstrategy has more than doubled its investment, with the holdings are currently worth more than half of Microstrategyâs $7.84bn market cap .
Bitcoin is currently trading at around $50,000 after crashing from a new all-time high above $58,000 on Sunday, 21 February, however CEO Michael Saylor predicts that bitcoinâs price could rise 10-fold over the coming years.
Mr Saylor said the latest investment was part of a twin corporate strategy of growing its software business while simultaneously âacquiring and holding bitcoinâ in the expectation that its price will continue to grow in the long term.
âThe company now holds over 90,000 bitcoins, reaffirming our belief that bitcoin, as the worldâs most widely-adopted cryptocurrency, can serve as a dependable store of value,â he said.
âWe will continue to pursue our strategy of acquiring bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities⊠with the objective of using the proceeds to purchase additional bitcoin.â
Speaking to CNBC before the latest investment was announced, Mr Saylor said that he believed bitcoinâs market cap would rise $100 trillion â 10-times that of goldâs.
It is currently worth less than $1trn, having risen from below $100bn last March.
âBitcoin is going to flip gold, and itâs going to subsume the entire gold market cap,â he said.
âOnce it gets to $10 trillion, its volatility will be dramatically less. As it marches toward $100 trillion, youâre going to see the growth rates fall, the volatility fall, and itâs going to be a stabilizing influence in the entire financial system of the 21st century.â
Microstrategyâs announcement comes less than three weeks after Tesla revealed that it had ploughed $1.5bn of its cash assets into bitcoin.
Prior to the electric car makerâs announcement, Mr Saylor offered advice to Tesla boss Elon Musk on how to purchase such large amounts of bitcoin.
In a public Twitter exchange, Mr Saylor said the investment would be a â$100 billion favourâ to Tesla shareholders.
In other breaking Bitcoin News today:
Cardano Is Now A Top-Three Cryptocurrency As ADA Price Soars 27% In 24 Hours
Cardano Ada received a fresh wave of optimism and buying volume on Feb. 26 that pushed its price to a new all-time high of $1.49, making it the third-ranked cryptocurrency by market capitalization.Â
Data from Cointelegraph Markets and TradingView shows that Ada surged 27% from a low of $0.98 during the early trading hours on Feb. 26 to its new high at $1.49 on record trading volume.Â
Momentum for the project has been building throughout the month of February following the integration of the Mary upgrade to Cardanoâs testnet on Feb. 3. The upgrade enables smart contract functionality, helping transform the blockchain into a multiasset network similar to Ethereum.
đ„ Daily Letter: http://letter.cryptonewsalerts.netââââââ
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
FACT: Any perceived âUtility valueâ for Gold adds nothing â while its being abandoned as money in favor of #Bitcoin In fact, itâs a primary reason why the market prefers BTC over Gold. BTCâs price-discovery is unencumbered by any perceived utility-value. Itâs just pure money. https://t.co/uduDVlAtoF
â Max Keiser (@maxkeiser) February 27, 2021
The Bullion Banks and Central Banks have been demonetizing Gold for decades. Into the mess strolled #Bitcoin Now the demonetization process is speeding up.
â Max Keiser (@maxkeiser) February 26, 2021
#Bitcoin Price is now $80,000 in Nigeria â a 60% premium.
Thatâs what happens when you try to ban something people want.
â Bitcoin Archive đđđ (@BTC_Archive) February 18, 2021
Post Views: 432