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‘Rich Dad Poor Dad’ Author Predicts K Bitcoin Price | BTC Most Exciting Breakout in Over a Year

By admin — 3 years ago

➡️ TEEKA TIWARI – Investment of the Decade: http://2020.cryptonewsalerts.net

“Rich Dad Poor Dad” Author Predicts $75,000 Bitcoin Price By 2023

It has been hard to miss the recent tweets from BTC bull Robert Kiyosaki.

The Vietnam veteran — best known for his book “Rich Dad Poor Dad” on financial wellness and success — has been putting his foot to the gas recently in promoting the leading cryptocurrency, gold, and silver.

He doubled down on this recently, asserting in a tweet that he thinks Bitcoin could hit $75,000 in the coming three years. In a semi-viral tweet published May 16th, Kiyosaki suggested that with the “economy dying” and “hope” fading, he’s growing especially bullish on Bitcoin, gold, and silver.

The author-entrepreneur is so bullish on these assets, in fact, that he predicted a $75,000 Bitcoin price within the next three years, along with a near-doubling of gold’s price in a year, and a doubling of silver’s price in the coming five years.

“ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.”

The reason why he’s so bullish on Bitcoin and precious metals is that he thinks the actions by the world’s governments and central banks are propping up a system of “fake money” poised to collapse.

The “Rich Dad Poor Dad” author specifically cited the lack of interest rates, along with the quantitative easing programs by central banks, as a way to corroborate his point.

Kiyosaki believes that as a result of these macroeconomic trends, investors will flock to store of values and noncorrelated assets to secure their wealth in the long run.

And to him, the assets that can provide such security are precious metals and Bitcoin.

As the outspoken entrepreneur fittingly put it in April, Bitcoin is the “people’s money,” gold is “god’s money,” and fiat is “fake money.”

In other trending Bitcoin News today:

Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year

If Bitcoin closes above $9200 this week, it’s an incredibly bullish sign — and perhaps the biggest since the 2017 bull run — for the coming weeks and months.

The price of the top-ranked cryptocurrency by market capitalization, Bitcoin (BTC), is set to explode in the coming week providing the weekly candle opens above $9,200.

This would signal the end of a 46-week descending channel that BTC/USD has been locked in since it nearly tapped $14,000 in the summer of 2019.

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

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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:

ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.

— therealkiyosaki (@theRealKiyosaki) May 16, 2020

This started as a joke, but now I’m afraid I’ll never be able to log in to Twitter again without someone getting angry I don’t own Bitcoin. One day you’ll see a wizened old woman in the street, trying to trade a Harry Potter book for a potato. Be kind. She did try to understand.

— J.K. Rowling (@jk_rowling) May 15, 2020

https://cointelegraph.com/news/bitcoin-price-charts-hint-at-the-most-exciting-breakout-in-over-a-year

BITCOIN SMASHES K! BTC WILL HIT K AS NETWORK EFFECT HAS ‘TAKEN OVER’ SAYS MIKE NOVOGRATZ!

By admin — 3 years ago

➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net

Bitcoin will hit $65,000 due to a combination of low supply and “tons of new buyers,” major BTC investor Mike Novogratz says.

In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency.

Williams had released a poll asking Twitter followers whether or not she should invest in BTC.

At press time, the verdict was split, with 47% of the roughly 750,000 responses supporting an investment.

The poll soon caught the attention of famous Twitter users, among them Tesla CEO Elon Musk.

“I bought more BTC last night at 15,800. It’s going to 20K and (then) To 65K,” Novogratz commented.

“The network effect has taken over. I see tons of new buyers and there is very little supply. It’s an easier trade here (than) at 11K. So YES, buy it.”

As Cointelegraph reported, Bitcoin’s recent rise has been noticeable for the lack of associated media attention it has received.

Despite being at levels not enjoyed by the token longer than two weeks in its history, Bitcoin has not yet sparked the same frenzy of publicity that accompanied its rise to $20,000 all-time highs in 2017.

Behind the scenes, however, institutions that were previously unlikely supporters are coming around to the idea of a future in which Bitcoin stars as a major investment asset. Among them was Citibank this week, which forecast a December 2021 Bitcoin price of up to $318,000.

In other trending Bitcoin News today:

“THE PRIMARY HURDLE TOWARD $50,000 BITCOIN IS THE $20,000 ALL-TIME HIGH”

Bitcoin has rocketed higher over recent weeks. In the past five weeks alone, the leading cryptocurrency has gained 60%, boosting to $16,600 as of this article’s writing. Earlier today, the coin was trading higher than this closer to $17,000.

Analysts are confident that further gains are on the horizon.

According to Mike McGlone, a senior commodity analyst or strategist at Bloomberg Intelligence, Bitcoin passing its previous all-time high at $20,000 will cause a large move higher.

Referencing the chart below, he went as far as to say that the cryptocurrency passing $20,000 per coin could trigger a move to a $1 trillion market cap for all Bitcoin. This corresponds with approximately $50,000 per token, a price 200% higher than the current price point of $16,600.

Commenting on what the chart shows for Bitcoin, McGlone wrote:

“$20,000 Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap — The digital version of gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising…”

Analysts think that Bitcoin moves beyond $50,000 in this market cycle, despite how impressive a rally to $50,000 would be. The Winklevoss Twins, the co-founders of Gemini and long-time BTC holders, recently stated that the cryptocurrency could pass $500,000 per coin in this market cycle:

“Inflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in Bitcoin will run the fastest, overtaking gold…

Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially. Software is eating the world and gold is on the menu.”

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

– 1yr HODL % still really high? Yep– bitcoin being rushed off exchanges? Yep– funding still neutral? Yep– Institutions still buying? Yep

Cool, See you at $22k in a few weeks when price reaches the 350dma x 2 of the Golden Ratio Multiplier. pic.twitter.com/pI84kJwmhh

— Philip Swift (@PositiveCrypto) November 16, 2020

$20,000 incoming -,A new wave of media coverage – A pop to $28,000 – A pause, possibly

– Then higher #Bitcoin

— Max Keiser (@maxkeiser) November 17, 2020

I bought more $BTC last night at 15800. It’s going to 20k and the. To 65 k. The network effect has taken over. I see tons of new buyers and there is very little supply. It’s an easier trade here that at 11k. So YES, buy it.

— Mike Novogratz (@novogratz) November 17, 2020

$20,000 #Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap —
The digital version of #gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising.. pic.twitter.com/m4JSt5G09N

— Mike McGlone (@mikemcglone11) November 16, 2020

The Primary Hurdle Toward $50,000 Bitcoin Is the $20,000 All-Time High

https://cointelegraph.com/news/bitcoin-analyst-gives-4-reasons-why-btc-price-will-hit-22-000-next

https://cointelegraph.com/news/bitcoin-will-hit-65k-mike-novogratz-tells-actress-maisie-williams

MICHAEL SAYLOR REVEALS THE TRUTH ABOUT BITCOIN DOMINANCE!! BTC’S CRUCIAL ‘LINE IN THE SAND’!!

By admin — 3 years ago

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

MicroStrategy CEO and Bitcoin bull Michael Saylor is outlining whether other digital assets have a chance at usurping BTC as the most dominant cryptocurrency. In a CNN interview, the Microstrategy CEO says there has never been an entity in history that has grown as large as Bitcoin and failed. The billionaire adds that BTC is more dominant in its space today than some of the world’s biggest technology unicorns were before they rose to prominence.

In other trending Bitcoin News today: Analyst Says Reclaiming $37,500 is Bitcoin’s Crucial ‘Line in the Sand’! According to analysis from filbfilb, co-founder of Decentrader, Bitcoin’s price action is a major source of the market’s confusion as it remains a ways away from the 20 Week Moving Average (WMA) “which is typically the line between Bitcoin being either in a bull or bear market and as such remains a bearish scenario for Bitcoin.”

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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/bitcoin-dominance-cycle-suggests-the-2017-crypto-rally-could-repeat

https://cointelegraph.com/news/vortecs-report-how-volatility-drove-one-crypto-trading-strategy-to-280x-bitcoin-s-gains

https://cointelegraph.com/news/analyst-says-reclaiming-37-500-is-bitcoin-s-crucial-line-in-the-sand

BITCOIN AND CRYPTO WILL SURGE 100X, SAYS MACRO GURU, SPARKING LARGEST GENERATIONAL WEALTH IN HISTORY

By admin — 3 years ago

🥇 To open an IRA with iTrustCapital and get 1 month FREE click this link: http://itrust.cryptonewsalerts.net

Real Vision CEO and macro guru Raoul Pal thinks Bitcoin (BTC) and the overall Crypto market cap still has a gigantic amount of room to grow.

Pal notes that most major asset classes, including equities, bonds, and real estate, sit within the $150-300 trillion range. The former Goldman Sachs executive thinks the crypto market cap will surge by 100x to match those other sectors.

“I think a roughly fair value to fit in with the other asset classes is $200 trillion. So it’s 100x. We’ve never had an asset do 100x of that kind of magnitude in all recorded history.

We’ve never seen it before, none of us have lived through this. So this is, I think, going to be the largest generation of wealth that the world has seen in the shortest period of time.”

In other trending Bitcoin news today: Billionaire Reveals His Huge Bitcoin Bet – And Predicts The Bitcoin Price Will Climb As It Replaces Gold!

Billionaire investor Chamath Palihapitiya has revealed he’s poured “hundreds of millions” into Bitcoin and predicts the BTC price will continue to climb as it replaces gold.

Palihapitiya has previously predicted bitcoin could climb as high as $200,000 per bitcoin one day—a price that would give bitcoin a market capitalization of around $4 trillion.

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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://www.forbes.com/sites/billybambrough/2021/10/02/billionaire-spac-king-reveals-his-huge-bitcoin-bet-and-predicts-the-bitcoin-price-will-climb-as-it-replaces-gold/?sh=10162f372a3c

https://cointelegraph.com/news/price-spike-are-whales-front-running-the-approval-of-a-bitcoin-futures-etf

https://cointelegraph.com/news/bitcoin-s-50k-resistance-to-become-support-in-q4-bloomberg-commodity-strategist

PLANB DOUBLES DOWN ON HUGE BITCOIN PREDICTION DESPITE RECENT COLLAPSE!! BTC LONG-TERM TRAJECTORY!!

By admin — 3 years ago

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

The crypto analyst known for first applying the stock-to-flow model (S2F) to Bitcoin is undeterred by the top cryptocurrency’s brutal price action. In a new tweet, PlanB reiterates his view regarding where we are in the current bull cycle, asserting that BTC is only a few months into its bull run.

“Just to be clear: I do not think $60,000 was the top, far from it, because I do not see the kind of transactions that normally happen after an all-time high (red dots). In fact, I think we are just a couple of months out of the bear market (blue dots). And yes, this on-chain view fits S2F(X).”

In other trending Bitcoin News today: Is Bitcoin Top In? Crypto Analyst Nicholas Merten Predicts BTC’s Long-Term Trajectory

“Cycle midpoint is where, generally speaking, you have a rally in this case. You set a pretty significant top for the next weeks or months and then after that, you start to continue that cycle and really set in an official market top for the overall cycle.”

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

Just to be clear: I do not think $60K was the top, far from it, because I do not see the kind of transactions that normally happen after an ATH (red dots). In fact, I think we are just a couple of months out of the bear market (blue dots). And yes, this on-chain view fits S2F(X). pic.twitter.com/omLh23MsrX

— PlanB (@100trillionUSD) May 18, 2021

https://cointelegraph.com/news/vitalik-crypto-is-in-a-bubble-bitcoin-may-get-left-behind-due-to-its-power-usage

https://cointelegraph.com/news/bitcoin-bull-market-still-halfway-after-30k-btc-price-crash-destroys-leverage

BITCOIN MAY HIT #post_titleM AND TOP GOLDS MARKET CAP SAYS MACRO INVESTOR RAOUL PAL

By admin — 3 years ago

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Influential investor Raoul Pal says the best trade he’s ever found is Bitcoin, which he’s described BTC as “a call option on the future” and “the world’s most pristine reserve asset.”

In a recent interview on Yahoo Finance, Pal said that the central banks move toward digital currencies is “literally the biggest story” in his career.

Investors like Pal don’t want to compete against central banks, but aim to create “a digital world,” Pal said, underscoring that despite big reservations, policymakers don’t appear to want to ban crypto completely.

“They understand the technology is out of the bottle. The genie is out of the bottle,” the investor said.

“There’s nothing you can do about it. It’s not going away. It’s too small to matter still.”

Pal has stated repeatedly that bitcoin’s price could get to $1 million, becoming a $10 trillion asset class, and possibly surpassing the gold market.

In the last year, bitcoin’s price has surged more than 42% to last trade near $13,137. In the last month, the digital currency has jumped more than 22%.

With a market cap of around $240 billion, bitcoin is approximately the size of a “large, mid-cap S&P [500 Index] stock,” Pal pointed out.

As it moves to $500 billion or $1 trillion, “suddenly it’s a real asset class and sucks in more money.”

One of the drivers will be the “wall of institutional money” coming.

“It becomes a Soros-style reflexive loop where we’ve got the macro story backing it up,” said Pal — referring to George Soros, the speculative investor once credited with “breaking” the Bank of England in a bet against the British pound.

“We’ve got the flow of funds backing it up, then we’ve got the move, which the central banks are driving. It’s literally the biggest story I’ve seen,” Pal said.

What it means is more printing of currency. That’s not just the U.S. It’s basically every single country on earth is doing the same thing.

In Pal’s view, bitcoin “plays a role as the world’s most pristine reserve asset” for individuals, corporations, pension funds.

“It’s an incredible asset. It’s the only one with a limited supply with growing demand. It’s an extraordinary thing,” he said.

In other trending Bitcoin News today:

Bitcoin Monthly Candle Closes Above $13K For The First Time Since 2017

The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017.

It comes after both daily and weekly candles all closed above the crucial resistance level.

Ark Invest’s Cathie Wood emphasized the importance of the $13,000 level.

Wood, who manages $11 billion in assets under management at Ark Invest, said there is little resistance between $13,000 and $20,000.

This means if Bitcoin breaks out on a high time frame chart, the probability to rise to a new record-high could get higher.

She said:

“That $13,000 [level] is important because if we were to get through that, then in technical terms, there would be very little resistance and we would probably be on our way back to the peaks we saw in late 2017 — so, around $20,000. Now, we’re not sure if that is going to happen. We could stay in a new trading range, just at a little bit of a higher level than the recent six to 10. Maybe we’re in the $10,000 to $13,000 range. Nonetheless, a breakout.”

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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://money.yahoo.com/raoul-pal-on-bitcoin-as-a-reserve-asset-120007396.html

https://cointelegraph.com/news/bitcoin-monthly-candle-closes-above-13k-for-the-first-time-since-2017

https://cointelegraph.com/news/bitcoin-is-the-best-treasury-reserve-asset-humanity-s-ever-had

MAX KEISER SAYS BITCOIN WILL ‘GOBBLE UP ALL FIAT’ AND RISE OVER 0K!! BTC PRICE PREDICTION!

By admin — 3 years ago

➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net

Bitcoin Pioneer Max Keiser, host of the Keiser Report went on record sharing, “BTC is the monetary black hole that will gobble up all fiat and rise to more than $100,000 doing it” back in 2018.

In fact Max has been telling his audience to buy Bitcoin since 2011, back when the cryptocurrency was trading at just $1.

In regards to his most recent BTC price prediction, Keiser shared on Crypto Twitter:

“$20,000 will get sliced through easily – then a pop to $28,000.”

Breaking News: The Bitcoin Price Has Only Been Higher Than Now For 12 Days In BTC History”

The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.

Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from Dec. 7 to 20 in 2017, with the highest close occurring on Dec. 16 at $19,378.

Any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycle’s low of $3,126 on Dec. 15, 2018, would be up 424%.

Of the other top 10 coins, only Chainlink (LINK) comes remotely close to Bitcoin, with the coin sitting above the current price of $12.70 for 2.7% of its life.

By contrast, the majority of altcoins are yet to enter proportionally rare price ranges. Ether’s (ETH) current price of $464 has been exceeded 201 days in the past, representing more than 10% of the entire 1,933 days since the Ethereum network went live.

XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardano’s ADA prices all vary between 9.7% and above 30%. BCH exceeds all other coins sitting above the current price of $258 for at least one-third of its life.

Bitcoin’s strong rise past $16,000 has also seen record volumes recently. With more than $5.5 billion in Bitcoin trading volume recorded on Nov. 5, only nine days have seen stronger volume in Bitcoin’s history.

Compared to this day in previous years, investors have seen profits of 88%, 2,275%, 4,326% and a staggering 5,833,991% for the years of 2019, 2016, 2013 and 2010, respectively.

In other words, investing $1 into Bitcoin on November 13, 2010, would have increased to $58,339 today.

In other trending Bitcoin News today:

“Impending CME Gap Close Could Propel Bitcoin Price To $18,000”

Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473.

The 6.62% move brings the top-ranked digital asset closer to closing a CME gap in the $16,465 to $16,570 zone and a growing number of analysts expect the price to break above the $17,200 level if the CME gap is closed.

Despite the excitement surrounding Bitcoin’s surge to a new multi-year high, Cointelegraph contributor Micheal van de Poppe pointed out that Bitcoin has rapidly ascended to new highs without establishing strong supports.

Van de Poppe said:

“Many levels beneath the current price are untested on the weekly timeframe. A healthy way to build up a new cycle is the backtesting of previous resistance levels as new areas of support.”

The analyst also said that the Crypto Fear and Greed Index has reached the “Extreme Greed” level, which can be interpreted as a sell signal according to Van de Poppe.

Bitcoin’s impressive rally to $16,465 comes as the Dow and S&P 500 closed the day in the red with a 1.08% and 0.97% loss.

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

$20,000 will get sliced through easily – then a pop to $28,000#BTC

— Max Keiser (@maxkeiser) November 12, 2020

If the U.S. and China don’t significantly crack down on bitcoin, it’s going to $250,000+ this next cycle.

— Ryan Selkis (@twobitidiot) November 12, 2020

Max Keiser Interview: Bitcoin Will ‘Gobble Up All Fiat’ and Rise Over $100K

https://cointelegraph.com/news/the-bitcoin-price-has-only-been-higher-than-now-for-12-days-in-its-history

https://cointelegraph.com/news/impending-cme-gap-close-could-propel-bitcoin-price-to-18-000

Why Bitcoin Price Is Rocketing Toward 0K | BITMEX CEO: ‘ALL IN, MOTHERF*CKERS’ ON BTC AND GOLD

By admin — 3 years ago

➡️ Tradecraft: http://tradecraft.cryptonewsalerts.net

Crypto analyst Nicholas Merten says he believes the Bitcoin price is firmly on a long-term trajectory that will bring BTC to $100,000.

In a new episode of DataDash, Merten takes a bird’s-eye look at Bitcoin’s boom and bust cycles over the years.

By looking at the long-term logarithmic chart of the BraveNewCoin Liquid Index (BLX), which provides a reliable USD price of Bitcoin (BTC) based on real-time trading data, Merten sees a likely timeline for the next bull run.

“If we take a look at the previous three clear cycles that we had here in cryptocurrency markets, we can generally take into note that we’ve seen an expansion of about a year added to each and every cycle…

The first cycle was around 11 to 12 months, in this case, for Bitcoin. Afterwards, from the bottom to the high, just like we did with the previous cycle, 24 months… With the third cycle, we have a 35-month period from bottom to top, roughly give or take almost three years…

There’s no guarantee that history is going to repeat itself exactly. There might be some big discrepancies this time around with the macro environment. The halving might play out differently. But if we take a look here of the logarithmic growth curves and take into mind the significant lows and the significant resistance, we actually are going to line up quite nicely here to a top of $100,000, give or take – it might not be exactly even –sometime in 2022.”

The DataDash founder offers two key fundamental catalysts that can drive Bitcoin’s rise to $100,000.

“We haven’t even seen the economic ramifications of the halving event and the continued macro environment going into a higher state of fear. These are the things that can drive Bitcoin to that valuation… I believe pretty consciously in this case that $100,000 is quite reasonable. Bitcoin at over $1 trillion market cap is going to be relatively reasonable in an environment where there’s money fleeing from global bonds, from global currencies, from equities or property markets as we enter into a longer drawn out bear market through a potential depression.”

BITMEX CEO: ‘ALL IN, MOTHERF*CKERS’ ON BITCOIN AND GOLD

BitMEX founder Arthur Hayes put out a thought-provoking piece on the company blog today. He talks about the effect of the COVID-19 crisis on the global economy and states that nothing will ever be the same again.

“The USD fiction is over. It’s time for a new mental crutch.” Hayes ends by stating there are only two things to own during the transition to the new monetary system after the total collapse of fiat. They are Bitcoin and gold.

I will take my inflation adjusted pocket rockets (gold and bitcoin), and call your Bretton Woods seven two off suit. All in, mother f*ckers.

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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.

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Truly Incredible maybe even once in a lifetime.

Investment grade corporate bond index back to near ALL TIME highs. Fed buying junk bonds too. Risk of bankruptcies reduced even with 20m unemployed. Unprecedented “Unlimited” liquidity could not be more bullish for gold and btc. pic.twitter.com/F5X6A2rf2r

— Dan Tapiero (@DTAPCAP) April 10, 2020

BitMEX CEO: ‘All in, Motherf*ckers’ on Bitcoin and Gold

Bitcoin: This Financial Trend “Could Not Be More Bullish” for BTC

MACRO STRATEGIST RAOUL PAL SHARES POTENTIAL #post_titleM BITCOIN (BTC) TARGET!! DEFI ASSET YFI RECLAIMS K!

By admin — 3 years ago

➡️ REPLAY – Teeka Tiwari’s ‘Set For Life’ Summit: Register here: http://teeka.cryptonewsalerts.net

Global Macro Investor founder and chief executive Raoul Pal is betting big on Bitcoin.

Pal is offering an update on his BTC portfolio and declares more than half is now dedicated exclusively to Bitcoin.

In May, Pal said Bitcoin appears to be entering one of the best technical setups of all time and could be on a long-term trajectory to $1 million.

“Bitcoin Porn and The Perfect Set Up… BTC Chart 1 – The Perfect Wedge. If you use classic charting techniques, it gives you a price target of around $40,000…but

Chart 2 – The Perfect Wedge on a Log Chart Well, that gives you a price object for this run potentially (key word – potentially) of $1m.

Chart 3 – The Perfect Regression Channel That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential).”

Pal is also publicly pondering just how far he should go in his wager that Bitcoin will be one of the most lucrative assets of the next decade.

“Is it possible to get irresponsibly longer or is irresponsibly long the max? Asking for a friend… Bitcoin.”

The high-profile investor says his portfolio allocation is high risk and not something everyone should pursue.

“We are all 100% aware of the downside risk in a 60 vol asset… this is not a trade for a great grandmother.”

The Global Macro Investor executive says he’s accepted the possibility that Bitcoin might plummet all the way down to zero.

To further clarify his apparently BTC allocation, Pal explains that there’s a method behind the madness.

“I just want to be clear, with regards to being irresponsibly long bitcoin: I don’t use leverage. I fully expect to have to deal with a 50% drawdown and, I’m ok with it. I look at my allocation versus liquid assets and not my house etc. I am lucky have an income stream, which is key.”

In other trending Bitcoin News Today:

Yearn Finance’s YFI Reclaims $40K after Coinbase Listing

Yearn Finance’s governance token, YFI, closed above $40,000 during the early trading session on Monday. The YFI/USD exchange rate established an intraday high at circa $42,425 following a 13.74 percent rally.

The strong upside move appeared despite a lackluster bullish trend elsewhere, with top cryptocurrencies Bitcoin and Ethereum trading under the weight of sellers.

YFI too experienced a sell-off near its session top.

Traders booked their intraday profits, causing the cryptocurrency to plunge lower by 8.50 percent during the European session.

Nevertheless, a support level lurking around $38,990 protected the price from falling anywhere lower.

YFI/USD reclaimed some of its intraday profits after establishing its session support level.

A continuation in uptrend expects to lead the pair towards its all-time high near $44,003, with a primary bullish target lurking near $50,311.

The latest winning round the Yearn Finance market followed YFI’s listing on Coinbase Pro.

The US-based crypto exchange announced earlier today that it is now allowing traders to deposit their YFI tokens into its platform.

From Tuesday, trading of the DeFi cryptocurrency will commence.

Excerpts from their announcement:

“Once a sufficient supply of YFI is established on the platform, trading on our YFI-USD order book will launch in four phases, transfer-only, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.”

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

Chart 2 – The Perfect Wedge on a Log Chart

Well, that gives you a price object for this run potentially (key word – potentially) of $1m. pic.twitter.com/ZDJXsrbbVN

— Raoul Pal (@RaoulGMI) May 8, 2020

Chart 3 – The Perfect Regression Channel

That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential). pic.twitter.com/YV1SUOKWjn

— Raoul Pal (@RaoulGMI) May 8, 2020

S2F version 1 update. This is the 2019 time series model on historical BTC data only (no gold, silver, diamonds, real estate data used). You see the jump in model value at the halving (white line) and corresponding drop in S2F multiple / model error (white dots). Time to go up. pic.twitter.com/qIjiXfbmCx

— PlanB (@100trillionUSD) September 14, 2020

Yearn Finance’s YFI Reclaims $40K after Coinbase Listing

https://dailyhodl.com/2020/09/14/macro-strategist-raoul-pal-moves-more-than-50-of-portfolio-to-bitcoin-in-big-bet-on-future-of-crypto/

OMG!! BITCOIN BREAKING OUT!! K IS NEXT ONCE K ALL-TIME HIGH IS CLEARED!!

By admin — 3 years ago

➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net

BITCOIN COULD HIT $50,000 IF IT SECURES ALL-TIME HIGH!!

BTC is literally skyrocketing right now above $18,000.

In the past 30 days the leading cryptocurrency has gained 60% which represents over $6,000 in gains.

Analysts are confident that further Bitcoin gains are on the horizon.

According to Mike McGlone, a senior commodity analyst or strategist at Bloomberg Intelligence, Bitcoin passing its previous all-time high at $20,000 will cause a large move higher.

McGlone went as far as to say that the cryptocurrency passing $20,000 per BTC could trigger a move to a $1 trillion market cap for all Bitcoin.

This corresponds with approximately $50,000 per Bitcoin, a price $32,000 higher than the current BTC price point of $18,000.

“$20,000 Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap — The digital version of gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising…”

Analysts think that Bitcoin moves beyond $50,000 in this market cycle, despite how impressive a rally to $50,000 would be.

The Winklevoss Twins, the co-founders of Gemini and long-time BTC holders, recently stated that the cryptocurrency could pass $500,000 per coin in this market cycle:

“Inflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in Bitcoin will run the fastest, overtaking gold…

Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially. Software is eating the world and gold is on the menu.”

In other trending Bitcoin News today:

“Mexico’s Second-Richest Man Invests 10% of His Liquid Portfolio in Bitcoin”

Ricardo Salinas Pliego, the second-wealthiest man in Mexico, has revealed that 10% of his “liquid portfolio” is invested in BTC.

The billionaire shared a video captured in “a Latin country” depicting banks throwing out garbage bags filled with paper money into a dumpster.

He asserted that “paper money is worth nothing,” adding: “That is why it is always good to diversify our investment portfolio.”

The video appears to show bags of Venezuelan bolivars being thrown out, including 10,000 bolivar notes issued in 2016 and 2017 before the country redenominated its banknotes in 2018 amid an escalating inflation crisis.

Three hours later, Pliego then tweeted a recommendation for the book The Bitcoin Standard, asserting that “Bitcoin protects the citizen from government expropriation” and revealing his cryptocurrency investment:

“Today I recommend THE BITCOIN STANDARD, this book is the best and most important to understand Bitcoin. Bitcoin protects the citizen from government expropriation. Many people ask me if I have Bitcoins, YES. I have 10% of my liquid portfolio invested.”

Crypto Twitter reacted gleefully to the news that the world’s 166th-wealthiest citizen is significantly invested in Bitcoin, with Kraken’s Dan Held proclaiming , “The institutional herd is stampeding.”

Pliego responded to Held, saying that institutional adoption had manifested gradually since the launch of Grayscale’s Bitcoin Investment Trust in 2016.

Pliego was born in 1955 in Mexico City and is the founder and chairman of Grupo Salinas, which owns businesses in media, telecommunications, finance and retail.

Salinas is also the chairman of TV Azteca, the second-largest producer of Spanish-language programming worldwide, and the second-largest media company in Mexico.

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

Mexico’s third richest man, owner of a media conglomerate, a bank, with the ear of the Mexican President, just disclosed his 10% BTC position, shilling @saifedean‘s “The Bitcoin Standard” in the process.

“Bitcoin protects the common citizen against government expropriation.” https://t.co/DEAUcuxFki

— David Puell (@kenoshaking) November 18, 2020

Offers getting pulled, as I predicted. There’s nothing of size for sale. $20,000 will come and go in a heartbeat. Nothing but air above that. $28,000 in play. #Bitcoin

— Max Keiser (@maxkeiser) November 17, 2020

$20,000 #Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap —
The digital version of #gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising.. pic.twitter.com/m4JSt5G09N

— Mike McGlone (@mikemcglone11) November 16, 2020

#bitcoin $18K. Big difference with 2017 is that most BTC sold today will never see the daylight again, they disappear into deep cold storage. Buyers today are professionals with long term vision and staying power. pic.twitter.com/Ght9LGlfSV

— PlanB (@100trillionUSD) November 18, 2020

The Primary Hurdle Toward $50,000 Bitcoin Is the $20,000 All-Time High

https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin

https://cointelegraph.com/news/why-bitcoin-price-just-flash-crashed-6-after-rejecting-at-18-5k

“Rich Dad Poor Dad” Author Predicts $75,000 Bitcoin Price By 2023

Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year

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“THE PRIMARY HURDLE TOWARD $50,000 BITCOIN IS THE $20,000 ALL-TIME HIGH”

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Bitcoin Monthly Candle Closes Above $13K For The First Time Since 2017

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Breaking News: The Bitcoin Price Has Only Been Higher Than Now For 12 Days In BTC History”

“Impending CME Gap Close Could Propel Bitcoin Price To $18,000”

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BITMEX CEO: ‘ALL IN, MOTHERF*CKERS’ ON BITCOIN AND GOLD

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Yearn Finance’s YFI Reclaims $40K after Coinbase Listing

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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BITCOIN COULD HIT $50,000 IF IT SECURES ALL-TIME HIGH!!

“Mexico’s Second-Richest Man Invests 10% of His Liquid Portfolio in Bitcoin”

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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