CATHIE WOOD’S $500K BITCOIN CALL IS ‘ALREADY HAPPENING’ – HOW TO RIDE THIS WAVE TO HALF A MILLION!!

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Bitcoin could surge by up to 10x and reach $170,000 if BTC closes November’s monthly candle at or above $13,880, based on historic performance, according to popular crypto analyst Josh Rager.

Bitcoin has been surging in value in the past month. The impressive performance led to several consecutive yearly records and reaching $16,000 last Friday – the highest BTC price displayed since early January 2018.

Although the cryptocurrency has retraced since its peak and currently trades at about $15,400, the analyst Josh Rager suggested that the asset could soon skyrocket even further.

Rager noted that “every time Bitcoin has closed above the previous monthly all-time high – a 700% to 1,000% uptrend has followed.”

The first similar scenario highlighted in his graph above occurred in 2013. BTC’s January monthly close was around $20, which coincided with the previous monthly high.

Shortly after, the primary cryptocurrency spiked to about $150 – or a near 700% increase.

Somewhat identical events transpired on two more occasions in 2014 and during the parabolic price increase of 2017.

The latter is also the current benchmark as BTC closed in December at about $13,880.

With Bitcoin’s price hovering above that level now, Rager believes that “November could be the first monthly close that we see breaking the previous high.”

Should his prediction materialize, Bitcoin will find itself in a six-digit price territory.

The “modest” 700% increase will take BTC to $120,000, while the 1,000% surge will result in $170,000 per coin.

Another famous BTC analyst, Willy Woo, attributed Bitcoin’s latest price surge to smart money – high net worth individuals. He asserted that the average transaction value between investors had increased substantially in the past few months.

“Who has been buying this rally? It’s smart money… High Net Worth Individuals.

You can see the average transaction value between investors taking a big jump upwards. OTC desks are seeing this too.

Bitcoin is still in its stealth phase of its bull run.”

In other trending Bitcoin News today:

“Billionaire Investor Stanley Druckenmiller Says He Owns Bitcoin, Believes Top Crypto Asset Has More Upside Potential Than Gold”

Billionaire and famed money manager Stanley Druckenmiller says he has warmed up to Bitcoin and now owns the crypto asset.

Druckenmiller tells CNBC’s The Exchange that he’s predicting a steady decline in the value of the US dollar in the next few years as he expects inflation to rear its ugly head.

“When you look at the extraordinary measures taken by the Fed and the fact that they’re monetizing the debt, I think it’s a high probability that we get inflation in the next five or six years, starting maybe in a year or two.

Particularly with the vaccine, now the economy could run very hot, at the same time all the stimulus is in the pipeline, at the same time we have challenged supply chains between the United States and China.”

Kelly Evans, the host of The Exchange, noted Druckenmiller’s interest in BTC when she introduced him.

The billionaire emphasizes that his interest in the cryptocurrency is only moderate compared to gold.

“With regard to gold and Bitcoin, you’ve kind of overstated in your introduction my enthusiasm for Bitcoin. I do own a tiny bit of it but I own a lot more gold. Gold is a 5,000-year brand as a go-to asset in terms of inflation.”

Druckenmiller, however, does note that Bitcoin could potentially have more upside than the precious metal.

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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:

$BTCEvery time Bitcoin has closed above the previous monthly all-time high – a 700% to 1000% uptrend has followed

November could be the first monthly close that we see breaking the previous high and historically that’s been a very bullish sign for the crypto market pic.twitter.com/5SBTtE600U

— Josh Rager 📈 (@Josh_Rager) November 10, 2020

“I’m a bit of a dinosaur, but I have warmed up to the fact that Bitcoin could be an asset class that has a lot of attraction as a store of value,” says legendary investor Stanley Druckenmiller to @KellyCNBC. His “dollar-decline basket” also features good ol’ gold.$BTC $RIO $FCX pic.twitter.com/2zuM8JqxaW

— The Exchange (@CNBCTheExchange) November 9, 2020

Who has been buying this rally? It’s smart money… High Net Worth Individuals. You can see the average transaction value between investors taking a big jump upwards. OTC desks are seeing this too.

Bitcoin is still in it’s stealth phase of its bull run. pic.twitter.com/3q41pmNVP9

— Willy Woo (@woonomic) November 9, 2020

The significance of the worlds greatest and most respected money manager – Stan Druckenmiller saying just now that he is long bitcoin can not be overstated. That has removed every obstacle for any hedge fund or endowment to invest…#Bitcoin

— Raoul Pal (@RaoulGMI) November 9, 2020

https://cointelegraph.com/news/18k-bitcoin-price-eh-btc-market-cap-may-pass-canada-s-monetary-base

https://cryptopotato.com/analysis-bitcoin-can-go-10x-from-current-price-if-november-breaks-monthly-ath-close/

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

With range-bound movements for the past ten days or so, Bitcoin is readying for another BIG leg up or down. The chart patterns are showing a pennant formation that will eventually come to a conclusion resulting in a larger move. 

Macroeconomics analyst and long-term BTC investor Madelon Vos commented that a huge breakout is very plausible. “Combined with positive divergence on RSI and a symmetrical triangle having a possible breakout of $10.000… a very plausible scenario. We could end up around $48 or $25k the next couple of weeks.”

In other trending Bitcoin News today: BTC bull Max Keiser, RT host of the Keiser Report and Orange Pill Podcast just made another bold prediction that the Bitcoin price will climb $25,000+ in the next 24 hours: “I’m trying to stage a new Bitcoin ATH the moment I step on stage Friday at 

The Bitcoin Conference.”

Max also says that, “Central banks have lost control. It was inevitable. You can’t print forever. All fiat money has been in a hyperinflationary collapse against Bitcoin for years. BTC is the pin, not the bubble.”

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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://cryptopotato.com/bitcoin-breakout-imminent-chart-patterns-suggest-institutional-buying/

https://cointelegraph.com/news/market-makers-in-fear-mode-ahead-of-friday-s-575m-bitcoin-options-expiry

https://cointelegraph.com/news/bitcoin-nears-40k-amid-warning-btc-price-will-correct-before-bull-market-resumes

➡️ Leverage OPM (Other People’s Money): http://100.cryptonewsalerts.net

An increasing amount of Bitcoin is being accumulated by institutions.

This much was made clear on Tuesday, when Stone Ridge Asset Management revealed to Forbes that it had picked up 10,000 BTC, representing one percent of its assets under management.

Investors think that further institutional adoption of the cryptocurrency could result in the Bitcoin price going parabolic.

Bill Barhydt, CEO of Abra and a former employee of the CIA and Goldman Sachs, recently said that if only 5% of the liquid assets that the top nine firms in the S&P 500 own were to enter Bitcoin, it would surge:

“9 companies alone in the S&P 500 are sitting on close to $600 billion in cash and short term investments. 5% of that moving into Bitcoin (or $30 billion) would likely 5x the price of Bitcoin given the lack of sellers. (3/6).”

While this math may not add up in your mind, take fiat amplifiers into account.

The amplifier is a concept that for every fiat dollar that is invested in Bitcoin or cryptocurrencies in general, the market capitalization of the space will grow than more than $1.

Estimates suggest that the fiat amplifier is anywhere from two to 25 times, depending on what phase of the market cycle cryptocurrencies are in.

In periods where investors are expecting upside, the fiat amplifier grows as investors don’t want to sell their coins too early.

Barhydt’s analysis of the institutional adoption situation comes as he is seeking to increase his personal exposure to Bitcoin.

He said that he is “considering doubling the allocation of Bitcoin in my personal portfolio to 25%.”

Explaining why he thinks this is a good idea, he pointed towards inflationary trends:

“Given the acceleration of currency inflation and the likely price inflation to follow this seems like a better weighting than my current 12%.”

He added that the contacts he has spoken with say that returns in legacy markets such as equities are likely to be “muted in the next five years.”

This trend may have the effect of driving capital into alternative assets that may be able to generate healthy returns such as gold and Bitcoin.

The comments he made are reminiscent of those made by a number of other investors in the space, who have dramatically increased their exposure to Bitcoin amid the ongoing macro backdrop.

Raoul Pal, CEO of Real Vision, for instance, has over 50% of his liquid net worth in Bitcoin.

In other trending Bitcoin News today:

Max Keiser Predicted Hash Wars: A New Front for Countries

The concept of fiat money can be said to be one of the best inventions of mankind.

However, that resulted in a huge wealth gap among the nations and people around the world.

It is no secret that the world’s top 10% richest hold 85% of the total wealth whereas the remaining 90% of people own only 15% of the total wealth.

Then came the year 2009 and we saw a rise of a new concept of money – a cryptocurrency called Bitcoin.

With the invention of cryptocurrency, we’ve stepped in a brand new world.

The first cryptocurrency Bitcoin revolutionized the whole concept of money, the way to transact it without the need of a third-party and a trustless system. 

With the unprecedented rise of Bitcoin’s value in the past decade, the countries around the world started noticing the remarkable effect of cryptocurrencies on the global economy.

That opened a new gate – the fight for Bitcoin dominance. Hence the hash wars. To understand what hash rate is, basically it’s a measure of the processing power of the Bitcoin network.

So, whoever has more processing power on the Bitcoin blockchain network has more dominance over Bitcoin and its future.

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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:

How Bitcoin Could Surge 500% Amid Rising Institutional Adoption

https://cryptotop10.org/top-10/hash-wars-a-new-front-for-countries/

https://www.fidelitydigitalassets.com/articles/bitcoin-as-alternative-investment?ccmedia=owned&ccchannel=social&cccampaign=BIT_ALT&cctactics=twitter

https://decrypt.co/44880/bitcoin-should-be-5-percent-your-investment-portfolio-fidelity