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Late last month, the Bitcoin price saw a jaw-dropping trading session, with the BTC price gaining 42% in a 24-hour time frame; this was Bitcoin’s best daily performance in over six years.

This move, which brought the asset from $7,300 to $10,500, shocked many, with many seeing the surge as entirely non-sensical.

Though, retrospective analysis has shown that $7,300 was the price of the 200-day moving average on the CME futures market at that time, making the 42% bounce extremely peculiar.

While there is no guarantee a bounce will happen again, according to this BTC price analysis, Bitcoin is yet again knocking on the door of the 200-day moving average on the CME’s chart.

What do analysts expect to happen this time around?

Bitcoin has declined below the psychological level of $8,000 for the first time since October 25.

Interestingly, the trading volume on Bitcoin futures exchange Bakkt is increasing, which suggests that institutional investors are happy to enter the market at lower prices.

One of the possible reasons behind the ongoing decline is the so-called mining capitulation.

The phenomenon was discussed in detail by crypto analyst Cole Garner, who argued that small miners are forced to giving up on the process as it becomes too expensive for them.

The gradual exit of unhappy miners could soon end up in a massive sell-off that could drag the Bitcoin price to new lows that were unthinkable last summer.

Crypto analyst DonAlt shared on Twitter…

“People talking about $3000 right now are being more unreasonable than people talking about new highs. A run from $200 -> $20k is going to take some time to digest. $3k was an overreaction to the downside. $14k was an overreaction to the upside. We’re now finding middle ground.”

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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:

People talking about $3000 right now are being more unreasonable than people talking about new highs.A run from $200 -> $20k is going to take some time to digest.$3k was an overreaction to the downside.$14k was an overreaction to the upside.

We’re now finding middle ground.

— DonAlt (@CryptoDonAlt) November 21, 2019

Bitcoin Drops Below $8K For First Time This Month, Here’s Why

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Billionaire Kjell Inge Rokke’s company, Aker, has established a new business dedicated to Bitcoin. Rokke believes that BTC could “become the core of a new monetary architecture” and each coin could be “worth millions of dollars.” His new company “will keep all its liquid investable assets in bitcoin.”

Norwegian oil billionaire Kjell Inge Rokke has spoken in favor of bitcoin. His company, Aker ASA, which controls oil and oil service companies, announced Monday that it has established a new business, Seetee AS, to tap into the potential of the cryptocurrency.

Listed on the Oslo Stock Exchange, Aker is a Norwegian holding company engaged in offshore fishing, construction, and engineering. Established in 2004, the company is controlled by Rokke with 67% ownership through TRG Holding.

In its announcement, Aker described Seetee as “a new company dedicated to investing in projects and companies throughout the bitcoin ecosystem and which will keep all its liquid investable assets in bitcoin.” Seetee is starting with 500 million kroner ($59 million) in capital, which Rokke called “an amount we aim to increase significantly over time.”

Following the announcement, Rokke expressed his view on bitcoin and the new enterprise launch in a shareholder letter published on Seetee’s website. The billionaire wrote:

“We will use bitcoin as our treasury asset and join the community. In bitcoin speak, we will be hodler.”

Initially, Seetee will focus on four areas. The first is “investing in and owning bitcoin.” The second is “joining the bitcoin and broader blockchain community and establishing partnerships with leading players.” The third is “launching bitcoin verification operations,” and the fourth is “building and investing in innovation projects and companies in the bitcoin and blockchain ecosystem.”

Seetee will actively partner with other companies in order to accelerate its initiatives, the announcement adds, noting that the company has “entered into a collaboration agreement with Blockstream,” which “will initially focus on mining operations.”

Rokke further opined:

“Bitcoin may still go to zero. But it can also become the core of a new monetary architecture. If so, one bitcoin may be worth millions of dollars.”

He added: “The direction is clear: finance will be disrupted as surely as fossil fuels will be. The question is not if, but when.”

In other trending Bitcoin News today:

BITCOIN FIRM NYDIG GETS $200M INJECTION FROM MORGAN STANLEY, SOROS

Earlier today, NYDIG, a leading provider of investment and financial solutions for Bitcoin, announced that they were receiving $200 million in growth capital funding led by strategic partners Morgan Stanley, Soros Fund Management, FS Investments, Stone Ridge Holdings, Mass Mutual and New York Life. FinTech Collective and Bessemer Venture Partners, who previously funded NYDIG, also took part.

NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy.” He also promised that through the $200 million investment from their strategic partners, NYDIG would deliver “an explosion of innovation in Bitcoin products and services.” 

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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 4 stories on ZH today.

Inflation/hyperinflation is here now! #Bitcoin tops $1 trillion and is headed to a $4 trillion+ market cap ($220,000 per coin) in 2021 – as flight-capital jumps the fiat ship and finds safe haven in Bitcoin pic.twitter.com/zOruSWdMh1

— Max Keiser (@maxkeiser) March 9, 2021

Bitcoin Firm NYDIG Gets $200m Injection from Morgan Stanley, Soros

https://news.bitcoin.com/norwegian-oil-billionaire-kjell-inge-rokke-btc-worth-millions-dollars-liquid-assets-bitcoin/

https://cointelegraph.com/news/solution-to-scale-ethereum-100x-is-imminent-and-will-get-us-through-until-eth2-vitalik

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

Bitcoin (BTC) will be worth “infinity” and humanity will soon give up pricing it in U.S. dollars, says the CEO of cryptocurrency exchange Kraken.

Speaking to Bloomberg on March 4, Jesse Powell was characteristically bullish on Bitcoin as BTC/USD broke above $50,000.

“Of course, you know, we can only speculate, but when we measure it in terms of dollars, you have to think it’s going to infinity,” he told Bloomberg TV about future price trajectory.

“This national currency’s only fifty years old, it’s already showing extreme signs of weakness, and pretty soon I think people are going to start measuring the price of things in Bitcoin.”

Powell was commenting as the USD weakened alongside a macro market sell-off on Wednesday, an event which had next to no impact on Bitcoin. At the same time, the U.S. national debt quietly passed $28 trillion for the first time in history.

Despite a rejection of $50,000 support, Bitcoin bulls thus remained more than optimistic.

“The people that are believers in Bitcoin see… it’s going to replace all of the world’s currency, so that basically means whatever the market cap of the dollar is, the euro — all of that combined is what Bitcoin could be worth,” Powell continued.

“I think in the near term, people see it surpassing gold as a store of value, so I think $1 million as a price target within the next ten years is pretty reasonable.”

As Cointelegraph noted, Bitcoin closed February 26% above its target dictated by the stock-to-flow-based price models, with creator PlanB still confident that $100,000 will hit at some time this year.

Meanwhile, the gold eclipse argument has been steadily gaining support on social media in particular, often at the expense of gold bugs, who are left with increasingly little ammunition to defend their anti-Bitcoin stance.

As Cointelegraph reported, it was billionaire and former Bitcoin skeptic Mark Cuban who this week took SchiffGold.com CEO Peter Schiff to task over his love of the precious metal. Gold, he told Schiff, “is dead.”

“Bitcoin has been crushing gold since inception,” Kraken growth lead Dan Held added in response to claims by Schiff that a bet against gold was a losing one.

In other trending Bitcoin News today:

Bitcoin Price Charts Hint At Another Drop After Failing to Break $52K

Bitcoin (BTC) has halted its bull run in the past few weeks as the price has corrected from an all-time high of $58,000 to around $43,000.

Several arguments were found for the pullback, including a sell-off from miners and whales. The other primary reason for the correction is the sudden surge of yields across the world.

The 2-hour chart for Bitcoin shows a clear downtrend since the peak high in February at $58,000. Since then, bearish support/resistance flips have been happening suggesting further weakness in the near term.

This bearish support/resistance flip has happened at the $55,000 and $52,000 levels, with the latter serving as the current major area of resistance.

In recent days, Bitcoin’s price tried to break through this resistance zone but failed to do so. After such a failed breakout, retesting the levels below seems inevitable.

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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:

America’s super entrepreneurial class is waking up to #Bitcoin This is the best chance 🇺🇸 has to reclaim world economic leadership in 2021

China has a head start, but their power structure is too centralized pic.twitter.com/T0bgixxvCV

— Max Keiser (@maxkeiser) March 3, 2021

Grayscale #Bitcoin Trust Discount May Signal March to $100,000 – Bitcoin’s end of February price disparities on U.S. regulated exchanges portend a firming price foundation, if history is a guide, and are evidence of just how nascent the crypto is. pic.twitter.com/qj6hfTvH8K

— Mike McGlone (@mikemcglone11) March 4, 2021

https://cointelegraph.com/news/bitcoin-price-is-going-to-infinity-kraken-ceo

https://cointelegraph.com/news/bitcoin-price-charts-hint-at-another-drop-after-failing-to-break-52k

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

New data on the amount of Bitcoin being scooped up by crypto whales and retail traders signals the bottom is in, according to on-chain analyst Willy Woo. 

Woo is taking a close look at the flow of BTC to and from crypto exchanges.

He says despite sideways price action, investors appear to be buying coins on exchanges and sending them to private wallets at a healthy pace.

“As price grinds sideways-bearish, coins are being scooped off the exchanges at a very bullish rate…

The latest sizing of withdrawals vs deposits are at local highs at levels that signal a bottom, whales are scooping.”

In other trending Crypto News today: Highly Anticipated Ethereum Hard Fork Locked In for Launch!

The highly anticipated London hard fork designed to overhaul the controversial Ethereum fee structure is rolling out soon, according to a project team member.

Tim Beiko, the lead coordinator of several Ethereum upgrades, says the hard fork should land on August 4th.

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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://dailyhodl.com/2021/07/08/highly-anticipated-ethereum-hardfork-locked-in-for-launch/

https://cointelegraph.com/news/bitcoin-is-a-miracle-and-better-than-gold-says-apple-co-founder-wozniak

https://cointelegraph.com/news/bitcoin-trader-eyes-us-dollar-for-btc-price-breakout-cue-ethereum-clings-to-2k

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The Bitcoin price will hit $250,000 by 2022 according to legendary billionaire venture capitalist Tim Draper who was the first to go on the record with his quarter million dollar BTC price prediction.

There have been many fears over recent years that central banks and other authorities will target Bitcoin as they may see it as a threat to traditional financial infrastructure.

According to Dan Tapiero, though, these fears are unfounded for the time being. Dan Tapiero is the co-founder of DTAP Capital, Gold Bullion Int., amongst other firms.

He has been closely following Bitcoin for a while now, being one of the first macro voices to enter the space.

He recently commented that until Bitcoin hits $250,000, or a market capitalization of around $5 trillion, it may not have relevance on a macro scale:

“$200 billion too small to matter for macro authorities. Gold is $12 trillion and no one really cares. Bitcoin has clearance up to at least 250k. 25x before big boy global macro authorities start caring that it exists.”

His contemporary Raoul Pal, a former Goldman Sachs head of hedge fund sales and Real Vision CEO, recently commented that Bitcoin is “irrelevant on a global asset scale.”

“Yeah, 100% agree. It’s currently irrelevant on a global asset scale. As you say, even a $10trn doesn’t concern most central banks. The FX market trades half that in a day. DTCC clears and settles something over a quadrillion in a year.”

It’s worth noting that both of the investors are extremely bullish on Bitcoin.

Both believe that the leading cryptocurrency will undergo an exponential rally this market cycle that will take it above $100,000 and beyond.

Tapiero’s and Pal’s point that Bitcoin currently isn’t relevant on a macro scale has been echoed by Tom Lee of Fundstrat Global Advisors.

Lee said at a conference in Singapore in 2018 that before a Bitcoin ETF should be approved by the U.S. Securities and Exchange Commission, it should trade at $150,000 or more.

Bloomberg wrote on his comment:

“If you’re involved in crypto, the SEC can look like an obstacle,” Lee said.

“They’re establishing protections for individuals and right now it’s not convenient for the industry, but if the SEC is someone that people trust” to protect them, “that’s how you get the mainstream willing to get involved in cpypto.”

In other trending Bitcoin News today:

Former Goldman Sachs Exec Says Bitcoin ETF Will Be Approved, Bringing Billions Into Crypto Market

Raoul Pal, former Goldman Sachs exec and hedge fund manager, says that Bitcoin is offering a rare opportunity for retail investors to get out and invest in the next big thing before institutional investors.

In a YouTube interview with Jerry Hall, Pal says that a proper Bitcoin exchange traded fund (ETF) will be the catalyst that brings billions of dollars into BTC and exponentially expands the market capitalization of the largest cryptocurrency. 

“You’re allowed to front-run in Bitcoin, and I’m going to give you the biggest front-running opportunity of your life: they will get an ETF across the line. There will be billions of dollars that pour into it. Every pension plan will allocate some money to it. Every family office will allocate some money to it. And the more the price goes up, the more they will allocate because the larger the market cap of Bitcoin is… This is an opportunity for retail to front-run the institutions for once as opposed to Goldman Sachs front running us.”

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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:

Analysts: Bitcoin May Surge Up to $250,000 Before Macro Authorities Care

The Last Time Bitcoin Formed This Signal, It Surged $2,500

💰 Crypto’s Next $1 Trillion Coin: http://teeka.cryptonewsalerts.net

Bitcoin (BTC) neared $60,000 on March 30 after PayPal confirmed that it had formally launched cryptocurrency payments.

“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,” President and CEO Dan Schulman told Reuters.

In other trending Bitcoin News today:

$1,000,000,000,000 To Flow Into Crypto Starting in April, Says Mike Novogratz

Galaxy Digital founder Mike Novogratz believes that $1 trillion dollars are about to be injected into the crypto sector.

In a Reuters Digital Assets Week interview, Novogratz says that as traditional financial institutions begin to offer cryptocurrency products, Baby Boomers, or those currently between 55 and 75 years old, could start dabbling in the space in April.

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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:

No paper money/ fiat currency these past 300 yrs has escaped a 99% loss in purchasing power and UBI and MMT won’t stop paper money from becoming worthless either.

The problem is with the money itself #Bitcoin fixes this.

— Max Keiser (@maxkeiser) March 29, 2021

https://cointelegraph.com/news/do-100k-300k-bitcoin-call-options-signal-a-bullish-btc-price-path

https://cointelegraph.com/news/bitcoin-jumps-past-59k-as-paypal-launches-crypto-payments-at-29m-merchants

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

The Bitcoin price took a heavy beating yesterday after attempting to break past $10,000 for the first time in weeks.

BTC plunged by $1,500 in three minutes, falling as low as $8,600 on BitMEX due to a barrage of sell orders.

On spot exchanges and some other derivatives exchanges, the cryptocurrency managed to hold the low-$9,000s.

Despite the brutal sell-off, a Bloomberg analyst sees Bitcoin hitting $20,000 in 2020.

He cited a confluence of fundamental factors to back this cheery prediction.

According to senior commodities analyst at Bloomberg Mike McGlone, the leading cryptocurrency is on track to hit $20,000 by the end of 2020.

McGlone explained Bitcoin’s price action over the past few months, before and after May’s block reward halving, is looking much like the price action in 2016.

Should the historical relationship continue, BTC could hit $20,000:

“Bitcoin is mirroring the 2016 return to its previous peak. Fast forward four years and the second year after the almost 75% decline in 2018, Bitcoin will approach the record high of about $20,000 this year, in our view, if it follows 2016’s trend.”

McGlone’s optimism boils down to a large confluence of market factors, some of which are as follows:

* BTC is outperforming the stock market, which may draw more investors into the cryptocurrency market.

* Bitcoin is gaining institutional adoption, as evidenced by the CME futures market. * The number of active BTC addresses is increasing.

* The halving should have a positive effect on the supply-demand dynamic of the crypto market.

McGlone is far from the only individual eyeing $20,000. Arthur Hayes, chief executive of BitMEX, explained in the April edition of his newsletter “Crypto Trader Digest” that the asset is on track to set a new all-time high this year.

The record amount of fiscal and monetary stimulus being spearheaded by central banks and governments around the world will back the trend,

Hayes wrote:

“Everyone knows the shift is upon us, that is why central bankers and politicians will throw all of their tools at this problem. And I will reiterate, that is inflationary because more fiat money will chase a flat to declining supply of real goods and labour. There are only two things to own during the transition to whatever the new system is and that is gold and bitcoin.”

This was echoed to a T by Dan Morehead of Pantera Capital, one of the leading crypto- and blockchain-centric funds in the world.

Morehead explained in his company’s March newsletter that by increasing the money supply, central banks are encouraging scarce assets to increase in dollar values:

“As governments increase the quantity of paper money, it takes more pieces of paper money to buy things that have fixed quantities, like stocks and real estate, above where they would settle absent an increase in the amount of money. I think they will do that. The corollary is they’ll also inflate the price of other things, like gold, bitcoin, and other cryptocurrencies.”

In other trending Bitcoin News today:

These Two Key Factors Show “Fireworks” in the Bitcoin Market Are Imminent

According to Hans Hague, a senior quantitative analyst at crypto-asset fund Ikigai Asset Management, Bitcoin is currently in ‘heavy accumulation.”

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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:

Last but not least, Adjusted Binary BDD shows that we are clearly in a heavy accumulation period. Couple this with the recent halving and you’ve got fireworks. HODL on my friends. Let Bitcoin do the heavy lifting. pic.twitter.com/zXGBSkkFV8

— Hans HODL (@hansthered) June 2, 2020

These Two Key Factors Show “Fireworks” in the Bitcoin Market Are Imminent

Bloomberg Analyst: Why the Bitcoin Price Will Double to $20,000 in 2020

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

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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Here’s a rundown on the 3 reasons why the BTC price and Crypto markets are surging right now:

• Bitcoin Momentum
• Faketoshi FOMO
• Two Year Bear Market For Altcoins

Bitcoin and Crypto markets have surged by their largest amount for almost three months today and altcoins are leading the momentum.

Over $20 billion has flooded back into the space but what has caused the big bull run and has alt season finally begun?

Total Bitcoin and crypto market capitalization has not been this high since mid-November when the bears were in full attack mode.

So far this year’s total cap has gained 27% and today topped out at $244 billion, a new high for 2020.

Bitcoin SV Price Soars After Craig Wright Claims Access to a Bitcoin Fortune Craig Wright, the polarizing figure who may or may not be Satoshi Nakamoto, is today telling the court that he has received the keys to access an $8.9 billion crypto fortune called the Tulip Trust.

He was granted until February 3, 2020 to provide the keys to the Tulip Trust on the rationale that the keys needed to be delivered by a bonded courier sometime in January.

It appears the keys have arrived.

Wright has now filed paperwork demonstrating his compliance with the court order.

This is a bombshell among bombshells if it’s actually true.

It could easily help Wright continue his “I’m Satoshi” schtick and win him some converts.

But if it’s less than totally true, it would only be the latest weird, reality-bending twist in Wright’s already surreal and controversial story.

In any case, that’s what Wright told courts today: he now has access to billions in crypto.

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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:

3 Reasons Why Bitcoin and Crypto Markets are Surging Today

https://cointelegraph.com/news/peter-schiffs-bitcoin-1-000-prediction-falls-flat-as-gold-drops-4

https://cointelegraph.com/news/bitcoin-sv-prices-soar-after-craig-wright-claims-access-to-a-bitcoin-fortune

💰 Crypto’s Next $1 Trillion Coin: http://teeka.cryptonewsalerts.net

With Coinbase’s highly anticipated direct listing IPO expected to take place next month, options traders appear to be betting that the Bitcoin price will once again soar to new all-time highs in the coming weeks.

On March 24, the founders of crypto analytics firm Glassnode tweeted data suggesting that options traders on peer-to-peer crypto derivatives exchange, Deribit, are loading up on contracts set to expire on April 30 with a BTC strike price of $80,000.

Contracts worth a notional value of 4,000 Bitcoin have been purchased targeting the price-point in total, more than any other strike-price by at least 50%.

Should the price be less than $80,000 at the end of April, the contracts will expire worthless, indicating high conviction that the Bitcoin markets are still a long way from topping out among derivatives traders.

However, according to crypto derivatives data aggregator Skew, probability estimates based on market data for the April 30 contract suggests there is just a 6.19% chance of BTC prices being above $80,000 when the positions mature.

Significant volume has also converged around the contracts with a strike price of $120,000, meaning some traders believe the Bitcoin price will more than double over the next five weeks. Skew estimates it is only 2.15% likely Bitcoin will reach $100,000 by the April 30 expiry date. 

However, with many options traders building positions across multiple contracts bearing divergent strike prices, some of the traders betting on $80,000 or $120,000 may not expect prices to get that high.

Skew’s data shows that contracts for April 30 are currently the third-most-popular among options traders, with open interest currently equating to a notional value of 38,700 BTC.

June 21 contracts rank second with 42,300 BTC worth of notional open interest, while 117,900 BTC worth of contracts or $6 billion in notional value is set to expire on March 26.

In other trending Bitcoin News today:

Here’s When Bitcoin’s Bull Run May Expire, According to One of China’s Biggest Crypto Miners

The CEO of one of China’s largest Bitcoin mining companies says his firm is using a variety of models to try and pinpoint when Bitcoin’s current bull market cycle will end, and how high the top cryptocurrency will rise.

Jiang Zhuoer asserts that Bitcoin has not nearly reached levels of attention it garnered during the 2017 bull run.

According to Google Trends, Bitcoin hit its peak search rate in January of this cycle and was still roughly 40% off its 2017 google trend top.

The BTC.TOP CEO tells Wu Blockchain that according to both of his BTC bull cycle predictions, the king coin is far from its top.

Zhuoer’s representative tells CoinDesk that the chief executive believes Bitcoin will hit $150,00-$300,000 during this bull market.

Other Chinese blockchain companies have predicted that the cycle may top out this fall, unless a large number of institutions follow Meitu, Tesla and MicroStrategy’s lead and publicly adopt the flagship 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:

Jiang Zhuoer, one of China’s big miners, told WuBlockchain that according to the latest multiple model studies, the fastest will be September 2021 and the slowest June 2022 will turn from a bull to a bear market. pic.twitter.com/g72wgYnYnu

— Wu Blockchain (@WuBlockchain) March 21, 2021

#Bitcoin is attacking fiat money on two fronts: – It’s perfect-money attributes are draining investment out of fiat

– It’s insatiable appetite for energy is starving fiat out of existence pic.twitter.com/SnyiV2ltz5

— Max Keiser (@maxkeiser) March 25, 2021

https://cointelegraph.com/news/options-traders-target-80k-by-may-skew-suggests-just-6-chance-they-re-right

https://cointelegraph.com/news/bitcoin-no-longer-a-fringe-asset-due-to-us-dollar-debasement-says-soros-fund-exec