BITCOIN WILL SOON HIT $400K BASED ON PREVIOUS BULL RUNS SAYS BLOOMBERG!! ENJIN COIN HITS NEW ATH!!

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The Bitcoin price is not so far from reaching a $100,000 valuation, recalled Adam Back, founder of Blockstream.

The BTC price broke $10,000 when it was not even expected to move above $1,000.

Bitcoin (BTC) went on to revisit the $10,000 level with ease a few times.

Over the years, the bitcoin price reached a peak near $20,000, reached within just weeks from lows around $3,500.

Adam Back recently shared the following Tweets on Crypto Twitter:

“It’s closer than it sounds as along the path of hyperbitcoinization, the USD inflation rises, eg aided by Modern Monetary Theory rationale for high inflation, so $1 becomes worth say 10c over a decade or two of monetary craziness, then $10mil/BTC is $1mil/BTC in today’s money.”

“And $100k Bitcoin doesn’t seem so far given we already crossed $10k threshold a few times when few expected even $1k some years back and $10k seemed crazy.”

In other Crypto news today, this simple observation suggests Bitcoin is about to go parabolic.

Historical data suggests the BTC halving to boost prices pre-event. Cryptocurrency analyst Nunya Bizniz recently made an eerily bullish observation about Bitcoin.

He noted that in the two previous market cycles of the BTC market, the cryptocurrency performed extremely well starting 120 days (four months) out from the cycles’ respective block reward reductions, known as “halvings” or “halvenings.”

In the four months prior to the first halving in 2012, the price of BTC rallied dozens of percent higher from $10 to around $14 by the time of the event; and in the four months prior to the second halving in 2016, the price of Bitcoin went effectively parabolic, running from $432 to $700.

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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:

And $100k Bitcoin doesn’t seem so far given we already crossed $10k threshold a few times when few expected even $1k some years back and $10k seemed crazy.

— Adam Back (@adam3us) January 11, 2020

Bitcoin is about 120 days away from the halving.What was price action like 120 days prior to the first two halvings?

Whether you believe its priced in or not, if past is prologue – volatility may be expected. pic.twitter.com/7peG6Ir0m4

— Nunya Bizniz (@Pladizow) January 10, 2020

This Late Night Host Just Exposed Millions to Bitcoin, Again

This Simple Observation Suggests Bitcoin is About to Go Parabolic

Bitcoin Will Soon Have a $100,000 Price Tag: Adam Back

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Bitcoin is clinging to $68,000 on Nov. 9 after traders declared it “clear for take-off” and ready to begin further price discovery.

Quantitative analyst PlanB is predicting when the market cap value of BTC could overtake that of more traditional assets such as gold and real estate.

PlanB sees Bitcoin’s market cap reaching somewhere between $10 and $100 trillion.

“After the next halving, or really this halving, we should get really close to the gold market cap. And after the next halving, it would really surprise me if an asset that is recognized by the market as a store of value, that has more than a trillion dollars in value, if that store of value, with a bigger scarcity than gold, would not at least be valued higher than gold. 

So somewhere between gold and real estate – $10 trillion and $100 trillion, roughly.”

In other breaking Bitcoin News today: Credit card giant Mastercard made a big splash in the digital asset market on Tuesday by announcing the launch of crypto-linked payment cards across the Asia-Pacific region. 

The card giant partnered with three Bitcoin service providers in the region to enable consumers to spend BTC anywhere that accepts Mastercard.

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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/new-ath-renews-faith-in-planb-s-prediction-of-98k-btc-by-december

https://cointelegraph.com/news/breaking-mastercard-launches-crypto-linked-cards-across-asia-pacific

https://cointelegraph.com/news/clear-skies-for-bitcoin-price-discovery-if-giant-70k-btc-sell-wall-is-scaled

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The Bitcoin price (BTC) has dropped by more than 25 percent in the past two weeks and is again flashing red, having hit a 3.5-month low earlier today and is on track to post the first quarterly loss of 2019.

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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.

News Resources From Today’s Show:

https://www.ccn.com/bitcoin-price-7700-bloody-monday/

Bitcoin Price Eyes Quarterly Loss After Hitting 3.5-Month Low