‘DISCOUNTED’ BITCOIN MORE LIKELY TO HIT $100K THAN $20K IN 2021, SAYS BLOOMBERG ANALYST!!

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With the recent Bitcoin price surge from the lower $14,000’s to almost touching $16K in the past 24 hours, BTC pioneer Max Keiser, host of the Keiser Report went on an epic tweet storm sharing the following on Twitter:

“Order book shows no Bitcoin for sale up to $20,000. Any offers between $20-28,000 will get pulled. I’m looking at a possible pause at $28,000.”

“Bitcoin won’t pause until $28,000. Will update my forecast when it gets there, but I don’t see any pullbacks until $28,000”

“$16,000 is no resistance. None at $17,000 either. Virtually no resistance at all. Bitcoin has no top because fiat has no bottom.”

SCAM ALERT: “CoinSwitch Exchange Scammed Me Of $50,000 In Crypto”

I went to exchange some crypto as they advertise through their platform using Binance.

Then my transaction failed according to their support due to a technical error on their end.

Then they exploited KYC to withhold my funds.

However, even after complying and sending in all requested information, I’m still getting the run around, going back and forth with their support and they’re still withholding my funds.

I’m shocked that Cointelegraph influencers such as Keith Wareing promote this crypto exchange scam.

In other trending Bitcoin News Today:

“Fed Calling For More Stimulus Is ‘Code for Buy Bitcoin,’ says Winklevoss”

The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing.

In a tweet on Nov. 6, Tyler Winklevoss, co-founder of crypto exchange Gemini, said that Powell’s latest speech this week was “code for buy Bitcoin.”

Powell was addressing a news conference, which followed the Fed’s Nov. 5 meeting on the state of the economy and future measures.

As before, he reiterated that the central bank had not exhausted its range of tools for supporting the economy.

These have so far included heavy interventions in stock markets, financial stimulus measures and direct payments to Americans.

“I just would say that I think we’ll have a stronger recovery if we can just get some more fiscal support, when it’s appropriate… the size Congress thinks is appropriate,” he said, quoted by Reuters.

Bitcoin proponents have long warned about the long-term impact of short-term meddling in the economy by central banks that is represented by the huge increase in public debt seen in the U.S. and elsewhere in 2020.

The Fed’s balance sheet stood at $7.14 trillion on Friday, near record highs. U.S. national debt has topped $27.2 trillion, a figure never before seen in history.

In what some this week described as a clear demonstration of simple supply and demand at work, Bitcoin — with its fixed supply — continued climbing as Powell delivered his speech.

The largest cryptocurrency has gained over 15% since the start of the week, rising to levels not seen since the end of 2017.

According to quant analyst PlanB and others, this is to be expected, as six months after its block subsidy halving cut the supply of new Bitcoins in half, investors have bought up the slack.

These have included existing corporate buyers who have upped their requirements, among them payment gateway Square, which saw 80% of its Q3 revenue come from Bitcoin.

“There is virtually no BTC left for sale,” the popular Twitter account Girevik summarized, noting large buyer support on exchanges at levels below $13,000. Sellers have yet to impact the market, even at close to $16,000.

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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:

SCAM ALERT: @coinswitch scammed me of $50,000, exploiting KYC to withhold customer funds. Even after complying and sending all required documentation. I’m shocked @Cointelegraph influencers like @officiallykeith promote this exchange scam. Video coming soon with full details.

— Crypto News Alerts (@CryptoNewsYes) November 6, 2020

Millions of us opted out of this political nightmare years ago with #Bitcoin Take as long as you want to sort this out We don’t give AF In fact, the longer it takes the mega-richer we get Take your time, hombre

🍊💊👍 https://t.co/idIXV1xUPL

— Max Keiser (@maxkeiser) November 5, 2020

Top Bitcoin Expert Claims “The Train Has Left The Station” With $14K Broken

https://cointelegraph.com/news/fed-calling-for-more-stimulus-is-code-for-buy-bitcoin-says-winklevoss

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

Bitcoin could surge to $100,000 by the end of 2021, according to the crypto investor Anthony Pompliano. 

BTC traded as high as $19,389 on Wednesday and is nearing its all-time high, reached in 2017.

Pomp, a cofounder of Morgan Creek Digital, told CNBC on Wednesday that demand for Bitcoin was rapidly outpacing supply, especially after its “halving” in May, when the number of Bitcoins awarded to miners was cut in half. 

This occurs roughly every four years and serves to limit the supply of BTC coming into the market. 

Bitcoin is “the winner of a supply-and-demand exercise,” Pompliano said.

Pomp added that the macroeconomic environment right now was “rocket fuel” for Bitcoin. 

Low interest rates, money printing, and the Federal Reserve’s average inflation target of 2% have driven retail and institutional investors into BTC, he said.

The investor also said that Janet Yellen, President-elect Joe Biden’s pick for treasury secretary, was “notorious” for tolerating higher levels of inflation and that this could also push the BTC price higher.

“I don’t think it’s that crazy to see a $100,000 Bitcoin price by the end of 2021,” Pompliano said. 

“And if we continue to get bigger and bigger buyers … if this kind of tips over and all of the sudden it becomes kind of a consensus trade, it wouldn’t surprise me to see something even higher than $100,000.”

Bitcoin has surged by roughly 160% this year as more major investors and institutions acknowledge the cryptocurrency’s legitimacy as a store of value. 

The billionaire hedge-fund manager Stanley Druckenmiller told CNBC earlier this month that he owned a “tiny bit” of bitcoin as a hedge against inflationary pressure, while the venture capitalist Chamath Palihapitiya said in February that every citizen should hold 1% of their assets in bitcoin because it’s a “fantastic hedge.”

Despite his bullish view, Pompliano shared two potential risks he sees for Bitcoin.

“The first thing’s a self-inflicted wound, right, if there’s a bug introduced into the code or something like that,” he said. “The second thing would be some sort of geopolitical risk where we saw a really aggressive coordinated kind of action by multiple nation-states.

“But again, I think that those things are very low probability of occurring, so it doesn’t really kind of seem like that’s going to happen in the short term.”

In other trending Bitcoin News today:

How Massive Liquidations Caused Bitcoin to Plummet 16% in 24 Hours

Bitcoin fell by a whopping 16% to $16,334 on Nov. 26 since achieving its peak at $19,484 the previous day. Data suggests that cascading liquidations were the driving force of the massive correction.

Prior to the pullback, the open interest of the Bitcoin futures market hit a new record high. The derivatives market was also overheated with buyers, causing the market to sway to one side.

The combination of two factors triggered a rapid BTC price drop alongside a spike in futures trading volume.

Over a billion dollars worth of futures contracts were liquidated, similar to the March 12 crash. The Chicago Mercantile Exchange, for example, saw $1.8 billion in volume — its highest ever, according to Skew.

As the price of Bitcoin started to drop, inflows into exchanges spiked. This indicates that whales, or high-net-worth investors, were selling heavily on major exchanges, including Coinbase.

Ki Young Ju, the CEO of CryptoQuant, pointed out that the All Exchanges Inflow Mean indicator was showing the selling pressuring coming from whales.

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🔥 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 week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I’m concerned that this would have unintended side effects, and wanted to share those concerns.

— Brian Armstrong (@brian_armstrong) November 25, 2020

Bitcoin Falls as Mnuchin [Reportedly] Plans to Regulate Private Wallets

https://markets.businessinsider.com/currencies/news/bitcoin-price-bullish-view-anthony-pompliano-halving-supply-demand-record-highs-2020-11-1029839786

https://cointelegraph.com/news/how-massive-liquidations-caused-bitcoin-to-plummet-16-in-24-hours