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With the next Bitcoin Halving now less than 7 hours away, these are very exciting times for the Crypto market.

Just 72 hours ago, BTC was trading at $10,100, but the cryptocurrency has since sustained a strong drop leading into the BTC halving.

This culminated on Saturday evening and Sunday morning, when the Bitcoin price crashed from the $10,000 highs to $8,100 within the span of a few hours.

It was a strong drop that liquidated over $200 million worth of long positions on BitMEX. Bitcoin’s stark reversal from the highs has convinced many of a bearish case.

One prominent trader that last year predicted BTC’s 2019 bottom of $6,400 said that he expects yet another move to $6,400.

Though a market study by Market Science, a cryptocurrency data analytics and market research firm, has confirmed that such a drop may not happen.

Their study indicates that there’s a 77% chance Bitcoin trades at $10,000 within the next week. Because the Chicago Mercantile Exchange’s Bitcoin futures don’t trade on weekends, there are normally “gaps” formed on the charts on every Monday morning.

The crypto market is 24/7, meaning that from the CME close on Friday to the open on Monday morning, there can be volatility that creates such gaps.

Just today, Bitcoin formed a record $1,265 gap, as a top trader noted. This was formed because the Friday price action on the exchange closed at ~$10,000 while the Monday price action opened at $8,785.

It’s a potentially bullish sign for the Bitcoin market, a market study has suggested. Published on December 30th of last year, crypto research firm Market Science found that 77% of CME gaps fill, meaning price touches each portion of the gap, “in the subsequent week” after the gap forms.

The gap isn’t the only sign indicating Bitcoin will undergo a bullish reversal, analysts suggest.

One popular trader shared the chart below, indicating that there are remarkable similarities between Bitcoin’s price action for all of 2020 and that of the past three days: both periods have a four-phase distribution top, a capitulation crash, then a rapid recovery from the lows.

The fractal playing out in full, the trader suggested, will result in BTC returning to $10,000 in the coming two to three days.

In other trending Bitcoin News today:

Why Satoshi Nakamoto Created the Bitcoin Halving

The dwindling Bitcoin mining rewards are a central piece of Satoshi’s method for allowing new BTC to enter the supply and ensuring that supply doesn’t outpace demand, all the while carefully controlling and mitigating the effects of inflation.

He addressed the topic in an exchange with the late bitcoin pioneer Hal Finney via email back in 2008.

“The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable.

If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.”

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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:

While price moves more sideways, this creates an environment where large leverage traders have an easier time strategically liquidating the bulk of traders from their positions. Like the cascading 4k->14k short squeeze of 2019. Equals more volatility.https://t.co/cBaDPzmZjQ

— Willy Woo (@woonomic) May 9, 2020

Why Satoshi Nakamoto Created the Bitcoin (BTC) Halving

Market Study: There’s a 77% Chance Bitcoin Trades At $10,000 This Week

https://marketsscience.com/gap_study.html

https://bitcoinblockhalf.com/

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

For the first time since 2017, Bitcoin price pushed above $19,000, and multiple indicators suggest the BTC rally will continue on, breaking the $20,000 all-time high.

The BTC price hit $19,000 on Nov. 24 for the first time since the historic rally in December 2017. 

Three key reasons are behind this strong momentum of the dominant cryptocurrency.

The main factors buoying BTC’s ongoing rally is whale accumulation, decreasing exchange supply and explosive volume trends.

Ali Mizani (Founder of FiCAS AG, Swiss) has predicted the BTC price since 2016 when Bitcoin was around $900. 

He predicted massive growth in Bitcoin up to $4k in a few months. His prediction forecast came true and on August 13th 2017, Bitcoin reached the price of $4,023. And again, he predicted the bitcoin price to reach $18K in 4 months. 

“BTC price will fall in the next weeks and will reach 1/5 of its ATH in the next 2 years,” he said. Live on a TV interview with IRIB channel 5. A few weeks later, the bitcoin price fell rapidly, below $7,000 by April 2018. Then on the 12th of December, 2018 Ali’s prediction came true and bitcoin touched $3,378.

His next Bitcoin prediction was to get highly close to $7-9k. 

“BTC Price will reach $7k – $9k at the very end of 2019,” he said on the 11th of April 2019.  As 2019 was coming to its end, the price of bitcoin was hovering around the $7,300 mark. 

Many predictions were off this mark, especially from bitcoin evangelists that were too optimistic with their estimates. Ali’s prediction became true and at the end of 2019, the closing price was about $7,240. 

Ali Mizani is a researcher, inventor, and futurist managing one of the most lucrative cryptocurrency asset portfolios worldwide. He is the Founder/CIO of FiCAS AG. a Swiss regulated professional company for crypto asset investment advisory.

Ali Mizani thinks the trend is going to be upwards. When Bitcoin hit around $16000, a lot of analysts think that the US election 2020 may have influenced the price, but he thinks that was a normal trend and with or without the effects of the US election on bitcoin price, no doubt, the trend had to be upwards.

He thought BTC will reach $18k to $20k by the end of 2020 and he was right again. And good news, it is not going to be the end of the line. He thinks the BTC price can and will reach $200k to $300k by the end of December 2021 to March 2022. 

In other trending Bitcoin News today:

“Ethereum 2.0 Confirmed For Dec. 1 Launch Just Hours Before Deadline”

Eth2’s beacon chain genesis has been confirmed for Dec. 1 following the transfer of 524,288 Ether (ETH) from 16,384 validators into the Eth2 deposit contract since it went live on Nov. 4.

Despite early concerns stemming from low staking participation, transfers to the deposit contract rapidly increased over the past day, with more than 200,000 ETH sent to the contract in the past 14 hours.

Ethereum 2.0’s beacon chain genesis is now set to take place on the earliest possible launch date of Dec. 1, with genesis taking place seven days after the required deposit contract’s threshold was met.

While genesis participants will not be able to withdraw their coins until ETH 2.0 reaches Phase 1.5 — which will merge the Ethereum mainnet with Eth2’s beacon chain and sharded environment — many hodlers are waiting for third parties to launch withdrawal-enabled staking services, despite the potential risk of exit scams.

The deposit contract’s threshold was met with roughly nine hours to go until its deadline.

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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:

🚀🚀🚀We did it! Ethereum’s proof of stake chain will launch on December 1st.

💯%. We have now reached the minimum necessary for chain launch, including the pending transactions pic.twitter.com/kPGNX6qqk6

— Evan Van Ness (@evan_van_ness) November 24, 2020

99%

— vitalik.eth (@VitalikButerin) November 24, 2020

If Bitcoin flippened Gold, each Bitcoin would be worth $450,000.

— Dan Held (@danheld) November 23, 2020

https://www.prnewswire.com/news-releases/bitcoin-will-reach-200k-300k-by-the-end-of-2022–predicts-ali-mizani-oskui-cio-of-ficas-ag-301179599.html

https://cointelegraph.com/news/eth-2-0-confirmed-for-dec-1-launch-just-hours-before-deadline

https://cointelegraph.com/news/why-bitcoin-price-just-hit-19-000-for-the-first-time-in-3-years

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

Bitcoin bull and Wall Street veteran Max Keiser has issued a massive BTC price prediction, saying as game theory suggest, governments around the world will start putting Bitcoin on their balance sheet sending BTC parabolic to $1,000,000. 

The RT host of the Keiser Report shared the following:

“As long as governments control money, there could be no advances in money. Along comes bitcoin, it separates government from money. No government can touch btc, they’re completely divided & divorced.

And as I predicted, if you gave people hard money like bitcoin to transact without the interference of government it would be an economic global boom, a renaissance.

We can transact in unconfiscatable, uncensorable money when nobody can stop us because we’re protected by this encrypted shield called the bitcoin protocol that’s impenetrable & nobody can stop us.

Governments have flapped their gums a lot & suggested oh we are against it but none of them can stop it. Eventually one of these governments according to game theory is gonna say you know what, enough is enough we’re gonna start putting it on our balance sheet here.

And whatever country that might be & then every other country will do exactly the same thing and the price of course will go $500K, $600K, $1,000,000 a bitcoin and Max & Stacy will be once again 100%  right.”

In other trending Bitcoin News today:

A Bitcoin Price Dip For Ants? BTC Quickly Rebounds to a New High Above $57,800

The price of Bitcoin (BTC) dipped to as low as $53,905 on Binance overnight, recording a sudden 6% drop. But despite the minor correction, the price of Bitcoin quickly recovered thereafter, reaching a new all-time high above $57,800 on Feb. 21.

Although Bitcoin saw a steep drop within merely hours, analysts pinpointed that it fell to the exact bottom of a short-term trendline.

John Cho, the Director of Global Expansion at Ground X, noted that the drop was a liquidity fill at a lower price.

A liquidity fill simply means when an asset drops after stagnating to fill buy orders at the bottom of the range

A drop was expected because Bitcoin was consolidating with the futures funding rate at around 0.15%.

Across major futures exchanges, the Bitcoin futures funding rate was hovering between 0.1% to 0.2%, and it was particularly high for stablecoin pairs.

Bitcoin futures exchanges use a mechanism called funding to incentivize buyers or sellers based on market sentiment.

For example, when there are more buyers in the market, the funding rate turns positive. When that happens, buyers have to pay sellers a portion of their position every eight hours.

When the funding rate is high but the price of Bitcoin is consolidating, the risk of a big short-term drop increases.

The funding rate for altcoins, including Ether (ETH) and DeFi tokens, reset to around 0.05%. As such, altcoins saw a stronger bounce than BTC.

Misa Christanto, an analyst at Messari, said that in a bear market, everything is correlated. But Bitcoin, which is also considered a “reflation trade,” has been resilient. She wrote:

“US Treasury curve is steepening. Why should we care? Because in a bear market, everything is correlated. So far the headwinds have been on equity returns, on unprofitable tech names. Reflation trades like $BTC unaffected.”

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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:

“As long as governments control money, there could be no advances in money. Along comes #bitcoin, it separates government from money. No government can touch #btc, they’re completely divided & divorced.”-@MaxKeiser🍊💊

— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) February 20, 2021

“These banks will not compete. They will not introduce anything near a #Bitcoin. Just like there was only one Joan of Arc, there was only one Virgin Mary, there was only one Allah, there can be only one #BTC & it rules supreme.” – @MaxKeiser (Keiser Report 443, May 11, 2013) 🍊💊

— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) February 20, 2021

In percentage terms, Bitcoin growing from $57K to $1M is the same as going from $3,249 to $57K.

— Stack Hödler (@stackhodler) February 20, 2021

On-Chain Data: The Last Time This Happened, Bitcoin Rose Another 2x

https://cointelegraph.com/news/a-bitcoin-price-dip-for-ants-btc-quickly-rebounds-to-a-new-high-above-57k

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

Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill podcast says “Bitcoin price is signaling fiat money around the world is in a hyperinflationary collapse against BTC. Please keep boosting inflation so my 2021 target of $220,000 comes sooner!”

Regarding the Bitcoin bulls short term BTC price target, Max tweeted…

“$77,000 short term in play bitcoin”

Currency instability and hyperinflation seemed unreal until a global pandemic struck, sending many nations into economic turmoil. Most economists began to wonder if the end of the pandemic would mean the birth of another Venezuela, which is currently facing a 438% (hyper) inflation rate. 

However, like several other Bitcoin enthusiasts, podcaster, Max Keiser thinks inflation and the price of Bitcoin are correlated. Where fiat holders lose out, Kaiser thinks Bitcoiners will gain from the phenomenon. In a tweet, Keiser said that Bitcoin will surge in price, possibly to the $222,000 mark, within this year itself due to inflation. 

Keiser’s opinion probably stems from the fact that companies and retailers look to the crypto as a store of value asset, making it a perfect hedge against inflation. Recently, experts even argued that since Bitcoin is immune to political shocks, more people will prefer the asset to decouple trade from “global events.”

Even though the price of Bitcoin may indeed surge, its path to the target could be volatile. In the past, the asset’s price has appreciated and even collapsed several times. But some stated that even as Bitcoin increased in price, the rate of inflation, and forecasts for inflation, “remained stable.” 

Some provide a contrary opinion that economies need a bit more inflation, not less. At the same time, they do not expect hyperinflation to occur again, after the last great recession. 

Bitcoin’s finite supply, which may overcome inflation risks is what comforts many. However, this narrative keeps evolving as well. A case can be made for alts such as Ether to be a potential deflationary asset too. For instance, even without a hard supply cap, Ethereum could have a fee-burning feature that reduces its coins from circulation, allowing it to be another potential hedge, like Bitcoin. 

In other trending Bitcoin News today:

Top Trader Says Five Altcoins Primed To Erupt As Bitcoin Sets the Stage for Explosion to $100,000

A closely-followed crypto trader who built his reputation after nailing the 2020 crash in Bitcoin says he’s looking at five altcoins that can potentially explode this month while Bitcoin undergoes a pullback.

The last coin Capo’s eyeing is Ethereum (ETH). Capo believes that the leading smart contract platform is brewing a bullish move against Bitcoin (ETH/BTC).

As for Bitcoin, the crypto strategist believes it will revisit support below $50,000 before resuming its ascent and climbing above $100,000 by June. Capo makes his prediction based on Bitcoin’s performance in March 2017.

“BTC possibility.”

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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:

#Bitcoin price is signaling fiat money around the world is in a hyperinflationary collapse against Bitcoin. Please keep boosting inflation so my 2021 target of $220,000 comes sooner! 👍😎 https://t.co/NTqMmiH9YQ

— Max Keiser (@maxkeiser) March 15, 2021

December close: $28,992January close: $33,141February close: $45,240March 17 price: $55,000

We are only 3.5 months into the #bitcoin bull market. IMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher). pic.twitter.com/skS6a7pepu

— PlanB (@100trillionUSD) March 17, 2021

https://cointelegraph.com/news/bitcoin-s-price-doubled-in-75-days-how-long-until-the-next-100-leg-up

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

Bitcoin pioneer Max Keiser, RT host of the Keiser Report went on an epic Twitter rant about BTC having enough interest right now to overthrow government, fiat currency and the central banking system.

“We have enough interest in Bitcoin now to overthrow fiat and central banks. We don’t need any new Bitcoiners. If you’re not aboard, there’s still time, but not much. Severe shortages are developing and we may see a gap between $20,000 and $200,000 before any liquidity again.”

“I spent ten years educating people about Bitcoin. Now it’s time to pull up the drawbridge ($20,000) and overthrow fiat money and central bankers and watch panic-buying by HNWI gap the price to $200,000.”

“Bitcoiners should avoid regulators. They are poison. Just focus on getting large funds and HNWI to panic-buy BTC to trigger a gap to $200,000, then we can overthrow government as well as fiat money and central bankers. (Yellen combining Treas. Dept. with Fed makes it easier).”

In other trending Bitcoin News today: 

On-Chain Analyst Says Bitcoin Hodlers Are Only Getting Stronger

According to on-chain analyst Willy Woo, the price of Bitcoin (BTC) could achieve a “conservative” target of $200,000 in 2021. The prediction revolves around the fact that long-time investors seem more confident in the recent rally.

There are two key data points that suggest Bitcoin’s ongoing rally could explode higher. First, “HODLers,” or long-time BTC holders, aren’t moving their funds for longer than in previous rallies. Second, BTC held on exchanges continues to decrease, which reduces selling pressure.

The re-accumulation of Bitcoin has remained a consistently bullish trend throughout 2020. It has continuously decreased the selling pressure on BTC, allowing a more stable rally without major 30%-40% corrections as frequently seen in 2017.

Woo noted that he is bullish for 2021 because Bitcoin’s re-accumulation phase means the amount of BTC that could be sold is much lower compared to the previous bull cycle. He said:

“I’ve never been so bullish for 2021. This re-accumulation phase coincides with spot market inventory depletion roughly 2x longer and deeper than the last cycle. It will send BTC.”

Atop the declining Bitcoin reserve on exchanges, Woo found that HODLers are “holding stronger.” In 2017, the amount of gain per the amount of capital invested in Bitcoin hovered at around $0.25. This figure increased to $0.35 in 2020, which means more investors expect event bigger profits in the future.

Based on the combination of the two optimistic on-chain trends, Woo said that Bitcoin could achieve a  “conservative price” of $200,000 by the end of 2021. He explained:

“My Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question. The current market on average paid $7456 for their coins. You all are geniuses.”

As reported in May, Bitcoin HODL wave data also supports the argument the HODLers from the 2017-2018 bull cycle aren’t selling at these relatively high prices, including high-net worth individuals or “whales.”

However, this data also suggests that some earlier HODLers from three to seven years ago are taking profit after a prolonged BTC rally, heightening the chances of a correction in the short term.

Willy Woo has been calling for an extended Bitcoin bull run since March 2020.

On Mar. 4, Woo told Max Keiser, the host of RT’s Keiser Report, that Bitcoin could hit $135,000 in the bull run. He said at the time:

“You go could 35 times the cumulative average of the price — and that’s actually picked every single top in the ten-year history of Bitcoin — right now that’s sitting above $50,000, but it keeps climbing the longer it runs for.”

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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:

We have enough interest in #Bitcoin now to overthrow fiat and central banks. We don’t need any new Bitcoiners. If you’re not aboard, there’s still time, but not much.

Severe shortages are developing and we may see a gap between $20,000 and $200,000 before any liquidity again.

— Max Keiser (@maxkeiser) December 5, 2020

#bitcoin and central bank balance sheets (money ‘printing’) have gone hand in hand last 10 years .. but now BTC is lagging behind .. about two orders of magnitude (100X). Room for growth? pic.twitter.com/zAXN93qlTJ

— PlanB (@100trillionUSD) December 6, 2020

Views on 2021 (THREAD):My Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question.

The current market on average paid $7456 for their coins. You all are geniuses. pic.twitter.com/5t1pHXwE0b

— Willy Woo (@woonomic) December 1, 2020

https://cointelegraph.com/news/it-will-send-btc-on-chain-analyst-says-bitcoin-hodlers-are-only-getting-stronger

https://cointelegraph.com/news/3-key-metrics-to-watch-as-bitcoin-price-tries-to-top-20-000

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

This might be the most important Bitcoin (BTC) news of 2020, says Mike Novogratz.

Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its general investment account.

According to a report from The Wall Street Journal, the company purchased the Bitcoins – purportedly 5,470 BTC given the current price of $18,279 — through New York-based fund management company NYDIG. 

MassMutual also reportedly bought a $5 million equity stake in the firm, which holds $2.3 billion in cryptocurrency.

MassMutual told Cointelegraph that the investment is part of a broad strategy, with the goal of achieving “measured yet meaningful exposure to a growing economic aspect of our increasingly digital world.” The company clarified that:

“Our $100 million investment in Bitcoin through NYDIG will represent .04 percent – or less than one tenth of one percent – of our total GIA.”

The purchase comes as major institutional players are adopting Bitcoin for the first time and going longer on crypto investments. In September, business intelligence firm 

MicroStrategy purchased more than $425 million in Bitcoin as a reserve asset. Earlier this week, the company announced it would invest the proceeds from a $400 million securities offering into Bitcoin as well.

MassMutual told Cointelegraph that the company oversees more than $235 billion in its general investment account as of Sept. 30.

In other trending Bitcoin News today:

‘Insanely bullish’: Glassnode CTO Predicts BTC Price Will Rise 10X From Here

The chief technical officer of crypto market data aggregator Glassnode, Rafael Schultze-Kraft, has described a slew of Bitcoin (BTC) market indicators as “insanely bullish,” and predicted prices are set to increase by more than 10 times.

On Dec. 9, Schulze-Kraft tweeted a thread providing the basis for his ultra-optimistic prediction, presenting six of “the most important on-chain market indicators that are currently hovering at the same levels they were at the start of 2017.”

Each of Schulze-Kraft’s predictions (or estimates) see Bitcoin breaking into six figures, with all but one suggesting that BTC will exceed $200,000.

For each of the indicators, Schultze-Kraft measured the gains produced when the metric moved from a similar position in 2017 until it posted an all-time high later that year. He then multiplied Bitcoin’s current price by the same percentage increase.

Schultze-Kraft noted that Bitcoin’s Net Unrealized Profit/Loss, or NUPL — “the difference between unrealized gains and losses based on when coins last moved on chain” — has climbed back up to 78% of its 2017 ATH.

Bitcoin’s price gained 1,400% to its peak, as NUPL ascended from its current level to all-time highs in 201. If the same scenario played out, Kraft estimates that Bitcoin’s price could reach $286,000 this cycle.

BTC’s Market Cap to Thermocap ratio — which assesses Bitcoin’s price premium relative to miner expenditure — is currently sitting at just one-quarter of its 2017 high. In 2017, Bitcoin’s price gained 625% as the metric rose to its all-time highs, suggesting BTC could tag $138,000 in future.

Bitcoin’s MVRV Z-Score — which seeks to identify when Bitcoin is “over/undervalued relative to its “fair value’” — currently sits at 34% of its 2017 top, the ascent to which accompanied a 1,150% price gain. Should BTC rally with the same strength as in 2017, Kraft-Schulze estimates Bitcoin will be worth $240,000 each.

Kraft-Shulze identified that metrics looking at longer-term hodler behavior suggested even higher price targets.

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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/ Where are we in the #Bitcoin market cycle?A look at some of the most important on-chain market indicators.

TLDR: Insanely bullish, most metrics are far from the top. If things develop anything like 2017, we could see more than 10x $BTC from here.

A THREAD 👇 pic.twitter.com/d1jU0h5fxA

— Rafael Schultze-Kraft (@n3ocortex) December 8, 2020

https://cointelegraph.com/news/new-institutional-player-massmutual-purchases-100m-bitcoin

https://cointelegraph.com/news/insanely-bullish-glassnode-cto-predicts-btc-price-will-10x-from-here

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

Billionaire Ricardo Salinas talked with the director of Blockchain Land about his investment in Bitcoin. Salinas has said that he has 10 percent of his assets in BTC. Salinas has always been an advocate for Bitcoin. He posted on his Twitter profile that paper is worthless. And the best thing to put your money in is Bitcoin. The third richest man in Mexico has revealed that he is not afraid to put his money in BTC.

In other trending Bitcoin News today: Remembering John McAfee: Computer programmer and crypto evangelist dead at 75! Many may remember McAfee for being unapologetically outspoken for his thoughts on government overreach and for being a unique character in the crypto space. According to a report from Spanish international news agency EFE, John McAfee was found dead in his prison cell at the Brians 2 Penitentiary Center on Wednesday.

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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:

I’m Putting My Billion In Bitcoin, Billionaire Ricardo Salinas

https://cointelegraph.com/news/remembering-john-mcafee-computer-programmer-and-crypto-evangelist-dead-at-75

https://cointelegraph.com/news/bitcoin-rejects-at-34-5k-as-analysts-reveal-key-resistance-level-to-beat-next

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

Within Bitcoin, the word on everyone’s lips is “El Salvador.” President Nayib Bukele formally announced that he would send a bill to parliament to make BTC legal tender. Should it succeed, El Salvador would be the first nation on Earth to do so, effectively adopting something akin to a “Bitcoin standard.”

Now a politician from Paraguay (Carlitos Rejala) has posted a laser eyes photo and promised a Bitcoin announcement this week. Just as we saw MicroStrategy start the domino effect for public companies, El Salvador will likely be a catalyst for other countries. 

For Caitlin Long, founder and CEO of Avanti Bank, there may be bigger forces at play. “Bitcoin is hacking dictatorships, just like it’s hacking big tech. Bitcoin doesn’t care WHY El Salvador’s president wants to make BTC legal tender – it doesn’t matter. Bitcoin already put Jack (Dorsey) on defense about Twitter censorship (he announced a decentralized version is coming).”

In other trending Bitcoin News today: You Will Never Have To Sell Your Bitcoin, According to Tyler Winklevoss – Here’s Why! Gemini CEO and Bitcoin billionaire Tyler Winklevoss is telling investors that there will come a time when Bitcoin holders will not have to sell their BTC holdings, ever.

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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:

Top Trader Is Buying the Big Dip on These 5 Altcoins

https://cointelegraph.com/news/btc-price-doesn-t-care-about-el-salvador-5-things-to-watch-in-bitcoin-this-week

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

While a $10 million Bitcoin price might seem hyper-bullish, there is real reason to believe such an ascension in BTC price could occur. Bitcoin will experience three halvings this decade, the first in 2020, the second in 2024 and the third in 2028. Counting the 2020 halving that already occurred last year, Bitcoin has experienced a total of 3 halvings since its launch in 2009. Historically, in the year following each halving, the bitcoin price shoots up exponentially due to an increase in demand and decrease in supply in the market.

In other trending Bitcoin News today: President Bukele Teases El Salvador’s Volcano-Powered Bitcoin Mining Preview! El Salvador’s President, Nayib Bukele, used Twitter to give an early peak at the planned Bitcoin mining setup, which would be powered by volcanoes. Earlier this month, Salvador became the first country in the world to recognize Bitcoin as legal money. The country’s congress passed the Bitcoin bill with an overwhelming yes vote. The President also announced ambitions to turn small island nations into a hotspot for environmentally friendly Bitcoin mining.

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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://bitcoinmagazine.com/culture/bitcoin-10-million-price

https://cointelegraph.com/news/bitcoin-price-very-near-bottom-with-30k-dip-says-bullish-institutional-report

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

Bitcoin (BTC) bull and crypto influencer Lark Davis is unveiling the next big thing in crypto that he believes has the potential to ignite a massive surge of 100x or about 10,000%.

Davis says the crypto market will continue to offer new and profitable opportunities as it evolves and expands beyond the red-hot decentralized finance (DeFi) sector.

“So NFTs (non-fungible tokens) is one such area that is getting a lot of attention right now and could be a big growth area, and it’s certainly an area that we, as investors, maybe want to be paying attention to.”

According to the crypto researcher, NFTs are unique tokens that represent ownership in a particular asset.

“A fungible item is one that can be exchanged for any similar item. For example, a dollar bill is fungible because it can be exchanged for any other dollar and maintain the same value.

However, something like a ticket is non-fungible because even though we could, for example, trade our ticket for someone else’s ticket, well it’s not going to be exactly the same, is it?

Maybe that other ticket’s for a different film, or it’s the same film but at a different time… It’s not equal, is the point.

Each ticket gives you access to a unique set of experience… If we move this idea into the blockchain setting, an NFT is thus a one-of-a-kind token, a certificate of digital authenticity verifiable on chain.”

Lark explains that NFTs offer a wide array of use cases for investors, including ownership in digital art, in-game items such as virtual lands, and skins as well as collectible items such as card decks and virtual pets.

The crypto researcher also highlights that NFTs can extend their reach beyond the realms of art and gaming.

Lark sees non-fungible tokens being used in royalties, insurance, and many other enterprise solutions including tokenizing invoices in order to take out a loan.

While investors who want a position in the emerging space can simply buy NFTs, Lark emphasizes one particular opportunity that can deliver worthwhile gains.

“Perhaps the most financially lucrative use case for NFTs is going to be plugging into DeFi. Maker DAO is already working on bringing music royalties and shipping invoices into their platform…

One that I’m keeping a close eye on is called Persistence. Now, this is a new player coming to Cosmos which will be focused on bringing in enterprises into both the NFT and, of course, into the blockchain world, looking at DeFi and how we can bring those NFTs into DeFi. So this is definitely one that I’m keeping an eye on…” 

In other trending Bitcoin News today:

Winklevoss Twins, Bitcoin Billionaires, Think DeFi is a “Revolution”

Ethereum’s DeFi space has fallen off dramatically over recent weeks due to weakness in the markets.

Top coins pertaining to the space have dropped by over 30-40% from their recent all-time highs, resulting in market carnage.

Not to mention, some crypto assets in the space have lost even more than 40%, plunging as capital floods into safer bets such as Bitcoin.

There are still many prominent supporters of DeFi, though.

For one, the Winklevoss Twins, the Bitcoin billionaires behind the Gemini exchange, recently threw their weight behind DeFi in a series of messages.

“DeFi is not the same as the 2017 ICO craze. Back then, money was raised on shitcoin white papers written in a coffee shops. DeFi is already live and working in the wild. Billions of dollars are at work earning positive yield. This isn’t hypothetical vaporware, this is real.” – Cameron Winklevoss

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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:

DeFi is not the same as the 2017 ICO craze. Back then, money was raised on shitcoin white papers written in a coffee shops. DeFi is already live and working in the wild. Billions of dollars are at work earning positive yield. This isn’t hypothetical vaporware, this is real.

— Cameron Winklevoss (@cameron) September 22, 2020

Winklevoss Twins, Bitcoin Billionaires, Think DeFi is a “Revolution”