BLOOMBERG PREDICTS $80K BITCOIN SURGE IN Q2!! ETHEREUM TO BE A ‘STORE OF VALUE’ SAYS SKYBRIDGE CEO!!

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Didi Taihuttu, his wife, and three kids bet ‘everything’ they have on Bitcoin. 

This is how the legend of the BTC family begins.

In 2017, CNBC spoke to the Dutch family of five when they were in the process of liquidating their assets — from a profitable business and 2,500-square-foot house, to their shoes — and trading it all in for the popular cryptocurrency and a life on the road. 

Nearly four years and 40 countries later, Taihuttu and his family still don’t have bank accounts, a house, or all that much by way of personal possessions. All of the family’s savings remain tied up in highly volatile cryptocurrencies. 

“We stepped into bitcoin, because we wanted to change our lives,” said the 42-year-old father of three.

When the price of bitcoin collapsed in 2018, Taihuttu added more to his investment portfolio. He says he was always a firm believer that the cryptocurrency was poised for a major rebound. 

“I think in this bull cycle, we are going to see a minimal peak of $100,000. I won’t be surprised if it hits $200,000 by 2022.” 

The price of bitcoin reached an all-time high on Monday, as it closed in on $20,000. And some analysts say the cryptocurrency still has a lot of room to run higher. 

Mike Novogratz, CEO of investment firm Galaxy Digital, thinks this comeback rally is only just getting started. He sees bitcoin rising to $60,000 by next year. 

And Tom Fitzpatrick, global head of CitiFXTechnicals, said the charts signaled that bitcoin could reach $318,000 by December 2021, in a report meant for Citibank’s institutional clients and obtained by CNBC.

Taihuttu bought the bulk of his bitcoin holdings when it was was trading at around $900 in early 2017, just months before it reached nearly $20,000 a coin. 

Even as bitcoin peaked, the family stayed invested in the cryptocurrency. Once the bubble burst, and the price tumbled down to about $3,000 in early 2018, Taihuttu and his family weren’t deterred. “When bitcoin dipped, we started to buy more.” 

When I asked Taihuttu on our Skype call whether he was worried that we could be in the midst of another bitcoin bubble, he doubled down on his investment. “I don’t see demand going down,” he added. “I think we’re headed for a supply crisis.” 

In other trending Bitcoin News today:

Billionaire Paul Tudor Jones Says Bitcoin’s ‘Crazy Rocket Ship Ride’ Is Just Beginning

Veteran investor and hedge fund manager Paul Tudor Jones is likening Bitcoin and crypto to the early stages of the internet.

In an interview with Yahoo Finance, Jones says that while he is not sure where Bitcoin will land in the financial landscape a decade from now, he is fairly confident that it is in the early stages of a major upward movement.

“So what I do know is that it’s no way possible today to know what the next 10 or 20 years are going to be like and I know if I had to take a position on it I’m going to take the brand name and I’m going to assume that it’s the wrong price for the possibilities that it has and I’m going to assume that the path forward from here is north.

I think crypto is going to have a crazy rocket ship ride, up and down along the way, but my guess is that something like Bitcoin in particular will be substantially higher 20 years from now than where it is right now and who knows what role it has in the monetary system.”

“Bitcoin reminds me so much of the internet stocks of 1999 because [when] the internet was in its infancy no one knew how to value it because of the world of possibility that lay ahead.

What you can be certain of is that probably 20 years from now is that we’ll be using some kind of digital currency.”

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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:

Micro strategy now holds 40k bitcoin.There is about 2.44M bitcoin left to mine.So if we think of fresh supply coming in, there is only room for 61 more companies to hold as much as MSTR before the last sat is mined.

The rest has to be torn out of hodler hands.

— hodlonaut 🌮⚡🔑 🐝 (@hodlonaut) December 4, 2020

https://www.cnbc.com/2020/12/03/bitcoin-family-invested-their-retirement-and-savings-in-bitcoin-ethereum-litecoin.html

https://www.kitco.com/news/2020-12-04/Raoul-Pal-sold-his-gold-because-bitcoin-is-eating-the-world-300k-price-in-18-months.html?fbclid=IwAR3YwluljGeC37oo0hjLhP6MZ9E3Dohi4SrLYCxGQpXIEabt9PF_kdxOTYo

https://finance.yahoo.com/news/microstrategy-buys-additional-50m-bitcoin-225922648.html

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In other Bitcoin news today:

The Bitcoin (BTC) market has recently surpassed the activity levels of late 2017, when BTC started its historical rally that shot prices to an all-time high above $19,900

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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:

1/ Combining net $USDT & net $BTC flows

Reading chart: Left axis is net $USDT flows – net $BTC flows. So, for example, a $100M tether inflow & $100M btc outflow equals +$200M (both are bullish). In reverse, $100M tether outflow & $100M btc inflow equals -$200M (both are bearish) pic.twitter.com/KsPEK3Y87N

— Ceteris Paribus (@ceterispar1bus) November 11, 2019

Massive volume in BitcoinGuess what? Things are not as they may seem.Shrinking Spot market volume has been more than compensated for. Futures have swallowed the Spot market. BTC 90 day Volume was recently 40% more than the 2017/18 peak.

This has powerful implications. pic.twitter.com/LXRoF9NXoG

— Charles Edwards (@caprioleio) November 11, 2019

Bitcoin 90-Day Volume Breaks Bullish Above Peak 2017 Levels

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Anthony Scaramucci, who founded Skybridge Capital, has a long-term view of the Bitcoin price based on solid fundamentals. If he’s right, the BTC price could shatter even some of the most bullish of predictions.

Scaramucci told CNBC Bitcoin could “easily trade at $500,000 a coin,” pointing to the number of high-net-worth individuals vs. the finite supply of the cryptocurrency to go around. He cited JPMorgan data, saying there are fewer than 50 million millionaires based on USD fiat currency. Meanwhile, the supply of BTC is capped at 21 million coins. Scaramucci said,

“You don’t even have enough Bitcoins for every millionaire in our society to own one coin.”

In other trending Bitcoin News today: MicroStrategy CEO Michael Saylor Says Bitcoin Is ‘Going Up Forever’ – Here’s Why!

“My point is that [there’s] never going to be more than 21 million Bitcoin, so it’s a very fixed supply. It’s the only scarcity that anybody can invest in in the world.

Bitcoin is the dominant digital monetary network, and because it’s dominant and because it’s fixed, it means that it’s the most reliable, highest-integrity, scarcest thing in the financial universe… Bitcoin is going up forever.”

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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://finance.yahoo.com/news/anthony-scaramucci-predicts-bitcoin-500-160208261.html

https://www.coindesk.com/tech/2021/11/13/taproot-bitcoins-long-anticipated-upgrade-activates-this-weekend/

https://cointelegraph.com/news/amc-theatres-debuts-online-bitcoin-payments-after-months-of-teasing

https://cointelegraph.com/news/bitcoin-due-to-hit-90k-in-coming-weeks-despite-pullback-latest-technical-analysis