COINBASE CEO UNVEILS MASSIVE BITCOIN PREDICTION, SAYS ‘BILLIONAIRE BTC FLIPPENING’ IS COMING!!!!

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Top investor explains why the Bitcoin (BTC) price could surge 1,300% in the next 24 months.

For some reason or another, many investors and analysts have begun to fear the worst for the medium-term outlook of the Bitcoin market over the past few months.

Mark Dow, a hedge fund manager that shorted BTC when it traded at $19,000 in December 2017, recently claimed that the cryptocurrency will “die a grinding death, punctuated by spoofs and FOMO spasms of decreasing frequency and intensity.”

Though, some bulls are sticking to their guns. One such bull is Anthony Pompliano, a co-founder and managing partner of crypto venture fund Morgan Creek Capital.

In a recent interview, the long-time investor and tech entrepreneur remarked that he still believes that the Bitcoin price will hit $100,000 by December 2021, just over two years away:

“We will see Bitcoin’s price at $100,000 by December 2021.”

The reason: In less than six months’ time, BTC will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half, effectively meaning that Bitcoin’s inflation rate will be cut in half in layman’s terms.

In other Crypto news today:

3 hot Altcoins lead the market while Bitcoin (BTC) is prepping for its next block reward halving.

While open internet on the CME BTC futures has dropped to 6 month low, Bakkt’s has been reaching to a new high. In the meantime, we are less than 5 months away from the Bitcoin halving with prominent analyst Willy Woo saying, “Prep for halvening front running here on in.”

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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:

Bank of America believes the Federal Reserve may have to resort back to quantitative easing as early as Q4 this year.Step 1 was cutting interest rates.Step 2 is printing money.Step 3 will be the Bitcoin halving.

You can’t write a better script for the rise of Bitcoin 🔥

— Pomp 🌪 (@APompliano) August 7, 2019

https://en.ethereumworldnews.com/bitcoin-btc-price-could-surge-1300-in-24-months-top-investor-explains-why/

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Raoul Pal, the founder and CEO of Global Macro Investor who has more than 50% of his capital in Bitcoin, is anticipating a wave of institutional funds to push the BTC price to $1,000,000 in the next 5 years.

In an interview with Stansberry Research, the former hedge fund manager says that the world economy is moving from the “hope phase” to the “insolvency phase” as investors realize that the economy is going to recover from the COVID-19 pandemic much slower than originally expected.

Along with institutional adoption, he believes this narrative may create the perfect set-up for a huge long-term BTC bull cycle.

“…There’s no stimulus around, and we’ve got more problems to come in Europe, the US and elsewhere, and businesses don’t have enough cash flow. They’re closing in droves and that’s what I call the ‘Insolvency Phase’…

“Yeah, I think [$1 million is] about right. Just from what I know from all of the institutions and all of the people I speak to, there is an enormous wall of money coming into this. It’s an enormous wall of money. Just the pipes aren’t there to allow people to do it yet, and that’s coming, but it’s on everybody’s radar screen and there’s a lot of smart people working on it.”

Though Pal considers himself a “hybrid adopter” of both gold and Bitcoin, he still says that he’s considering selling his gold to buy more Bitcoin.

“When you get to the macro opportunity, when it’s all happening and Bitcoin starts breaking out of these patterns that its been forming, it is going to massively outperform gold. I am 100% sure of that, so in which case, why would I have a gold allocation?”

In other trending Bitcoin News today:

ANALYST: BREAKING THIS ONE LEVEL COULD SEND BITCOIN TO $14,000+

Bitcoin and the entire crypto market have been caught in the throes of a consolidation phase in the time following BTC’s surge from $10,600 to $11,400.

This move was significant and seemed to indicate a trend reversal working in favor of buyers.

BTC’s momentum has slowed, but this may mark bulls’ attempt to garner enough support to spark a continuation of this uptrend.

One analyst is now noting that a move past $14,000 could be imminent in the near-term if the crypto can surmount $11,600.

Bitcoin has remained strong despite bears attempting to thwart its uptrend. It is currently trading up nearly $1,000 from where it was just over a week ago.

This strength may extend further, as its ongoing consolidation phase does appear to be shifting the cryptocurrency’s trend and positioning it for further upside.

Despite Bitcoin’s slowing momentum as it hovers around $11,400, one analyst believes that it is on the cusp of potentially seeing significantly further gains in the days and weeks ahead.

He notes that it all depends on how BTC reacts to $11,600, a key near-term resistance level to observe.

“BTC: If $11,600 gets flipped I see a clean $14k+… Until then I think we reject/range around $11,600 and dump lower,” the analyst said while pointing to the below chart.

Because this level sits less than 2% above where Bitcoin is currently trading, a test of it could be right around the corner.

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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:

Analyst: Breaking This One Level Could Send Bitcoin to $14,000+

https://cointelegraph.com/news/dollar-dip-meets-hash-rate-boom-5-things-to-watch-in-bitcoin-this-week

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Popular Bitcoin trader Tone Vays tells his 115K YouTube subscribers that he is doubling down on his September 2021 prediction that BTC will hit $100,000 before January 1, 2022.

“I’m still sticking to it, guys… $100,000 by the end of the year. And we got about six weeks to go.”

Looking at the monthly Bitcoin charts, Vays notes that all moving averages are up.

“Monthly chart looks very bullish… We are above all moving averages; they are all rising.”

In other trending Bitcoin News today: Bitcoin Just Flashed Pattern That Historically Leads to Parabolic Price Rallies, According to Top Crypto Analyst!

The pseudonymous crypto market analyst TechDev tells his 183,600 Twitter followers that BTC’s current technicals resemble its late 2020 structure when the king crypto consolidated below $20,000 before blasting off to $64,000.

“Last time this cycle, BTC tried to break ATH (all-time high) on the weekly…

It consolidated beneath for 3-4 weeks with Stoch RSI [stochastic relative strength index] maxed out before a strong break to the upside.

While comforting, the bearish sentiment is confusing.”

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

Ledger: ► http://ledger.cryptonewsalerts.net

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://cointelegraph.com/news/bitcoin-has-stalled-but-here-s-why-pro-traders-still-expect-80k-by-january

https://cointelegraph.com/news/will-bitcoin-hold-60k-leverage-shakeout-close-to-complete-data-suggests