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

➡️ OPM Wealth http://opm.cryptonewsalerts.net

Bitcoin price topped $10,000 in February before dropping below $4,000 last month as investors and the financial markets reacted to the coronavirus pandemic.

Despite the plunge and ongoing macro economic turmoil, billionaire investor Tim Draper remains bullish on the BTC price.

In an interview with Chinese news outlet Bitpush, Draper, who runs venture capital firm Draper Fisher Jurvetson, warns that prolonged isolation due to widespread lockdowns threatens to aggravate the disease-induced financial crisis.

He also shares his thoughts on the projected V-shaped economic recovery, which would see the United States making a quick rebound from its current slump.

“If the government continues to keep people isolated at home for another two weeks, the economic V-shaped trend that everyone discusses will not happen, and the recession may be worse than the virus at that time.”

For investors navigating the volatile equities markets, Draper believes it’s not the best time to buy US stocks.

But that’s not his position on Bitcoin (BTC). The billionaire says he stands behind his long-standing prediction that the king coin is on track to reach $250,000 by 2022 or early 2023, despite the black swan pandemic that crashed the markets.

While crypto users anticipate the Bitcoin halving in May to limit the supply of new BTC and drive a bull run, Draper says the event is just half of the story.

“If the US dollar depreciates because of large-scale printing of money in the United States, and people know that gold is no longer worth buying, then Bitcoin is a safe haven.”

The crypto investor likewise sees a silver lining in the current situation.

During a bull market, Draper argues, people are not typically open to change, but the current pandemic is driving a shift in habits, as people look for better, cheaper and faster alternatives in banking, healthcare and other industries.

He believes the crisis could trigger the adoption of new technologies such as blockchain, smart contracts and Bitcoin.

“Once people realize that the government is saving the market by devaluing fiat currencies, they will begin to accept the use of Bitcoin. People will realize that Bitcoin is more open, transparent, smoother, more valuable and more replaceable than the US dollar, peso, naira or drachma.”

Last Time This Signal Flashed, Crypto Rallied By 50%.

It’s Back Again According to a Bloomberg report published April 3rd, Bitcoin recently pushed above a key technical resistance, allowing the DVAN Buying and Selling Pressure Gauge to print a “positive divergence and a buy signal.”

To add to this, Bloomberg noted earlier this week that the “GTI Vera Convergence Divergence Indicator, which measures up and down shifts,” suggests the Bloomberg Galaxy Crypto Index — comprised of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, and EOS — “flashed its first buy signal in over three months.”

Both indicators flashing buy signals preceded the 50% rally seen in the price of Bitcoin and most other cryptocurrencies that transpired from mid-December to February.

Follow Us:

➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 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:

Last Time This Signal Flashed, Crypto Rallied By 50%. It’s Back Again

➡️ On September 9th Teeka Tiwari will reveal how just one deal could make you Set For Life, register here: http://teeka.cryptonewsalerts.net️

Bitcoin has the potential to surpass $1 million in the next three to five years, says Raoul Pal, calling BTC the “biggest trade of our lifetimes.”

In September’s crypto outlook newsletter, Bloomberg’s analyst Mike McGlone observed that the Bitcoin price could either be heading to the $500,000 mark, or it could fail.

McGlone has continued to reiterate that in his view, Bitcoin is set to become digital gold.

He emphasized once again how Bitcoin’s limited supply and increasing demand were key adoption indicators, and drew comparisons to the 2017 bull run:

“Much of the broad crypto-asset market echoes 2017’s excesses, but the foundation is firming due to expanding decentralized exchanges (DEXs) and finance (DeFi).

Limited supply vs. increasing demand is the bottom-line for Bitcoin, with macroeconomic underpinnings that support its march toward the market cap of gold, at a price of $500,000 by some estimates. Or it could fail.”

The estimates that the analyst refers to are likely based on assumptions that Bitcoin’s market capitalization will eventually reach parity with gold’s $9 trillion.

Dividing that number by the maximum supply of Bitcoin of 21 million produces $428,571.

A similar sentiment was recently voiced by The Morgan Creek Digital co-founder Anthony Pompliano.

Zero to five hundred thousand provide a pretty good margin of error, unlikely Bloomberg will be proven wrong anytime soon.

In other trending Bitcoin News today:

Bitcoin (BTC) Is the Best Reserve and Collateral Asset Ever Created, Says Global Macro Investor CEO

The CEO of Global Macro Investor, Raoul Pal, says Bitcoin (BTC) is the best reserve and collateral asset ever created.

In a new report on the leading cryptocurrency, the former Goldman Sachs hedge fund manager says he thinks BTC, with its permanently limited supply, is the “hardest” form of money created.

He says as a reserve asset, it is superior to gold in every metric due to its decentralized nature and provable transaction history.

Pal, who predicted the 2008 financial crisis, notes that, in the current macroeconomic structure, government bonds serve as the “bottom of the pyramid” in terms of collateral for the world and the U.S. Treasury.

“That used to work just fine until the central banks became fearful of allowing the business cycle to run unimpeded. Thus, when debt loads became unsustainable, meaning that the weakest borrowers couldn’t get access to enough collateral, instead of the price of collateral rising, thus forcing firms to go bust, central banks began to increase the supply of collateral and reserves (quantitative easing).”

However, this devalues the collateral over the longer term and leads to debt spirals, Pal explains. Bitcoin, however, doesn’t have this problem, according to the investor.

“Bitcoin is pristine collateral. The greatest form of collateral. Its blockchain ownership structure reduces the huge black swan of risk of who owns what. It is all recorded and more importantly, provable.”

Pal notes that all BTC needs to become the preeminent form of collateral is a yield curve indicating future value, something that is already happening with the breakout of decentralized finance (DeFi).

“The revolution in DeFi is doing just that, establishing a forward curve of future value. It is only at the money-market phase right now (short-term yield curve) but over time we will establish the time preference for Bitcoin over 30 years or more, just like bonds.”

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 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:

In the post-Halving bull cycles, bitcoin can often correct 25% (even 40% + in 2017), throwing off the short-term traders (or giving swing traders a shot at the short side). Each of those was a buying opportunity. DCA opportunity ahead? 🙏🤞#Bitcoin pic.twitter.com/tL443DyX63

— Raoul Pal (@RaoulGMI) September 3, 2020

I wrote a very long GMI Monthly this weekend (143 pages, 15,500 words). The core focus was this month on crypto, which I think its the worlds best trade and of which Im irresponsibly long.

Here are a couple of pages with some top-down thoughts.. #Bitcoin pic.twitter.com/xltojJtQn1

— Raoul Pal (@RaoulGMI) August 31, 2020

3 Key Reasons Why Bitcoin Could Bounce After $2,000 Drop

https://dailyhodl.com/2020/09/03/bitcoin-btc-is-the-best-reserve-and-collateral-asset-ever-created-says-global-macro-investor-ceo/

https://cointelegraph.com/news/bloomberg-bitcoin-could-hit-500k-or-drop-to-zero

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

Bloomberg just released its latest Bitcoin (BTC) outlook on the crypto markets.

Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s adoption among mainstream investors is on the rise.

He expects an advantageous macroeconomic landscape to sustain a Bitcoin bull run that will “dust” the Nasdaq.

“Increasing adoption and vehicles for exposure, and custody, are accelerating Bitcoin into the mainstream of investments. In a world of zero and negative interest rates and diminishing equity-price returns due to quantitative easing, the quasi currency stores of value – gold and Bitcoin – are finding increasing investor interest…

Bitcoin $10,000 Breach Set to Dust Nasdaq – Fundamentally bullish and breaking above key $10,000 resistance, Bitcoin has a solid foundation on the back of a steep correction and period of disdain, in our view.”

McGlone adds that Bitcoin’s growing fundamentals suggest BTC is solidifying its position as digital gold.

He says the leading crypto is no longer the highly speculative and unknown asset it once was, with the Bollinger Bands momentum indicator suggesting a burst to $13,000 is imminent.

In contrast, the Bloomberg Intelligence analyst says Ethereum’s hot streak is likely fueled by pure speculation as opposed to BTC’s fundamentally-driven growth.

“Ethereum has extended last year’s highs and leaped to one of the top-performing major crypto assets in 2020, but we view its rally as more speculative vs. the favorable demand vs. supply conditions supporting Bitcoin.”

McGlone says Ethereum is facing heavy competition from protocols that offer the same use case, as a total of 6,000 crypto assets of all sorts flood the markets.

He believes Bitcoin’s scarcity is the key factor driving its value and points to a two-year comparison of BTC’s performance compared to Ethereum, XRP and the altcoin market at large as a sign that BTC is the better long-term play.

Bitcoin is up 54% over the last two years, while Ethereum is down 4.5% and XRP is down 30%.

“It’s the unlimited supply of the broad crypto market vs. the relative scarcity of Bitcoin that will maintain buoyancy in the benchmark asset, in our view. About 90% of the 21 million available Bitcoins have been produced, leaving demand and adoption as the primary price-outlook gauges. Our indicators point positive for Bitcoin, while the basic rules of supply and demand leave little hope of broad-market price advancement.”

In June, McGlone made the case for why BTC may return to its all-time high of $20,000 this year.

In other trending Bitcoin News today:

Pantera’s Founder Foresees $100K+ Bitcoin On the Horizon

Dan Morehead is more conservative in his Bitcoin price predictions than his firm Pantera Capital, though both agree that it will hit $100,000.

Pantera Capital is the oldest Bitcoin investment firm in the United States.

When the company’s founder, Dan Morehead, was asked to make a Bitcoin price prediction during a recent interview, he first mentioned an investment letter published by the firm.

In this letter, based on the stock-to-flow model, the firm made the bold prediction that Bitcoin will hit $115,000 by August 2021. 

Morehead thinks this is still possible, despite the fact that in just one year, the asset’s price would have to increase to nearly 10 times its current value.

Yet, his personal prediction is a little more modest, he said:

“My common response is it’s been growing at 209% for nine years, I think it’s going to grow at least 209% over the next couple years and that puts you at $100 000, probably in two years; but I do think that will happen.”

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 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:

In fact, only one asset has offset the growth of the G4 balance sheet. Its not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Only one asset massively outperformed over almost any time horizon.

Yup. #Bitcoin $BTC pic.twitter.com/wdoN6Qgaaz

— Raoul Pal (@RaoulGMI) August 6, 2020

When bitcoin was $4k in 2019, lot of big accounts were bearish, predicting $1k. However in DM mant said that if btc would rise to $6k, they would reconsider and switch to bull. That actually happened, we shot through $6k. Now many were bearish at $9k .. $13.5k will be interesting pic.twitter.com/6D5lArCC6c

— PlanB (@100trillionUSD) August 5, 2020

https://dailyhodl.com/2020/08/06/bitcoin-set-for-bull-run-that-will-dust-nasdaq-as-ethereum-xrp-and-altcoins-face-uphill-battle-bloomberg-forecast

https://cointelegraph.com/news/panteras-founder-foresees-100k-bitcoin-on-the-horizon

https://cointelegraph.com/news/raoul-pal-it-may-not-be-worth-owning-any-asset-other-than-bitcoin