BITCOIN WILL SOAR TO $100 TRILLION MARKET VALUE, SAYS MICROSTRATEGY CEO MICHAEL SAYLOR!!!!

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Quantitative analyst PlanB says he believes that his end-of-year Bitcoin price forecast will be realized. 

According to PlanB, BTC will hit a six-figure price by the end of 2021.

“I never had any doubt. I still think it will be $100,000 end of year, minimum. And there’s lots of time. We’re at [$40,000] now. So that’s a 2.5x. We’ve done more in one or two months, historically. So it can be done. I’m very confident…

Wait until you [see] my base case and best case scenarios! OK, a hint: best case Dec $450K.”

In other trending Bitcoin News today: Colombian President’s Advisor: Bitcoin Is the Most Brilliant Piece of Software!

The Advisor to the Colombian president talks about Bitcoin, his views about the asset, the country’s stance on it, and more.

“I approached Bitcoin as a great open-source project. After some time, I also got interested in the monetary innovation that it represents, and I am still discovering amazing new things every day.”

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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:

PlanB Maintains $100K Bitcoin Prediction, Reveals When His Model Would Be Invalidated

https://cryptopotato.com/colombian-presidents-advisor-bitcoin-is-the-most-brilliant-piece-of-software-exclusive/

https://news.bitcoin.com/135k-for-december-stock-to-flow-creator-lays-out-bitcoins-worst-case-scenario-for-2021/

https://cointelegraph.com/news/btc-price-slips-under-46k-but-analysts-are-betting-on-new-bitcoin-all-time-highs

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There is nothing stopping Bitcoin from attempting to become a six-figure asset, the Magnetic managing director William E. Quigley professed in an interview with CNN Business.

The New York-based senior executive listed a string of reasons behind his bullishness on Bitcoin, the world’s leading decentralized cryptocurrency whose rates surged from as low as $3,858 just shy of $58,500 in the previous 12 months. 

They included Bitcoin’s scarcity and growing demand among mainstream corporate houses that look for alternative store-of-value assets for their balance sheets.

A pre-embedded algorithm within the Bitcoin blockchain’s source code reduces its supply rate by half every four years or after every 210,000 block—an event known as “halving.” Meanwhile, there can only be 21 million BTC tokens in existence, making the cryptocurrency scarce, making it more valuable in the long-term if the demand for it rises.

Bitcoin has had three halvings in the past. The November 2012 and June 2016 supply cuts saw the BTC/USD rates jumping from about $12 to nearly $1,150 and $650 to almost $20,000.

Meanwhile, the third halving—that took place in May 2020—has followed up with up to 558 percent rise so far. It prompted Mr. Quigley to see a bullish fractal.

“We are about halfway through the post-halving bull run,” the executive noted. “So, by my judgment, we have a lot more to go with Bitcoin. Certainly a hundred thousand and quite possible a $150,000 by the end of this year to maybe Q1 next year.”

BITCOIN DEMAND GROWS

That explains why even corporates have started embracing the flagship cryptocurrency as an alternative to cash. Tesla, the world’s leading electric carmaker, revealed in February that it added $1.5 billion worth of bitcoin in its balance sheet, noting that it would also start accepting the cryptocurrency for its services and products.

MasterCard, a credit card giant, announced that it would integrate crypto tools into its services in the same month. Bank of New York Mellon, the US’s first banking firm, joined the ranks by announcing that it would offer bitcoin custodianship via the same platform that its clients use for traditional securities and cash.

“The latest survey I saw showed that 5 percent of the public-traded companies in the US would consider adding Bitcoin to their balance sheets,” said Mr. Quigley. “And the reason they are thinking that is that corporates have trillions of dollars in cash—and where do they put it? There are government bonds but $17 trillion of them yield negative returns.”

In other trending Bitcoin News today:

Experts Divided on BTC Predictions: Bullish or Super Bullish?

Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices.

On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that Bitcoin is on the way to $100,000.

“Grayscale Bitcoin Trust Discount May Signal March to $100,000 – Bitcoin’s end of February price disparities on U.S. regulated exchanges portend a firming price foundation, if history is a guide, and are evidence of just how nascent the crypto is.”

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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:

Today is the two year anniversary of my #Bitcoin Halving Reward Era Price analysis chart.It is by far the most accurate, long-term chart prediction I’ve ever seen for Bitcoin.

I still trust it.$BTC will hit $200K+ this cycle. pic.twitter.com/jwUcOpHeXC

— K A L E O (@CryptoKaleo) February 13, 2021

Bitcoin is more likely to hit $1,000,000 than $0.

— Dan Held (@danheld) March 4, 2021

https://bitcoinist.com/top-new-york-executive-sees-bitcoin-price-at-150000-by-q1-2022/

https://cointelegraph.com/news/experts-divided-on-btc-predictions-bullish-or-super-bullish

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Veteran crypto trader Tone Vays says Bitcoin (BTC) should finish its recent correction relatively soon before going on a sharp rally to six figures.

“A $40,000 low coming in either next week or it could get dragged out… into early October, and then we break this area of $50,000 in mid- to late October. 

We break $65,000 by early November, and then we’re probably hovering above $100,000 by end of December. So I’m still holding to my view that we break $100,000 in December.”

In other trending Bitcoin News today: Cathie Wood predicts Bitcoin will surge to $500,000 in 5 years – and says Ark Invest’s confidence in Ethereum has shot up dramatically.

Ark Invest CEO Cathie Wood expects bitcoin to soar to $500,000 in five years, and her firm’s conviction in ether has strengthened tremendously, the star stock-picker said in a new interview with CNBC on Monday.

“Our confidence in ether has gone up dramatically as we’ve seen the beginning of this transition – from proof of work to proof of stake,” Wood said. “We’d still probably do 60% bitcoin, 40% Ether.”

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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:

https://cointelegraph.com/news/fidelity-lobbies-sec-to-approve-bitcoin-etf-in-private-meeting

https://cointelegraph.com/news/are-strong-technicals-enough-to-bring-bitcoin-price-to-100k-in-2021

https://cointelegraph.com/news/bitcoin-steals-47k-from-bears-as-critical-btc-price-resistance-crumbles