ELON MUSK REVEALS SPACEX OWNS BITCOIN AND HE PERSONALLY OWNS BTC – ‘I MIGHT PUMP BUT I DON’T DUMP’

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Much of the conversation around predicting the BTC price through 2020 and beyond hinges on the effect of the Bitcoin mining reward halving set to take place in May will have.

Some believe it will have no effect at all, while others are betting big on this.

If history is to be taken into consideration, the Bitcoin price should reach a new high of $400,000 following the event.

Following the first halving in November 2012, Bitcoin’s price increased from a $2.01 bottom to the top of $270.94 – a 13,000 percent increase.

The second halving, in July of 2016, saw Bitcoin (BTC) go from a bottom of $164.01 a top of $20,074 – a similar increase of 12,000 percent.

With this in mind, if Bitcoin moves similarly after May’s halving, investors can expect the price of the coin to reach as high as $400,000.

Other breaking Crypto stories shared in today’s show…

• Bitcoin Price Signal That Preceded 4,000% Rally Forms Again, and It’s Huge for BTC –

• A $50,000 Bitcoin Price; How Likely is a 13-Digit Market Cap?

• Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion

• Confirmed: Craig Wright doesn’t have keys to $8 billion of Bitcoin

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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 much has #Bitcoin rallied as a result of each of its Halvings to date?Halving 1: +13,378%Halving 2: +12,160%If BTC rallies anything between 12,160 – 13,378% as a result of Halving 3…

Price of one $BTC will be $385,000 – $400,000https://t.co/4StGraQAaQ#Crypto

— Rekt Capital (@rektcapital) January 17, 2020

Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion

A $50,000 Bitcoin Price; How Likely is a 13-Digit Market Cap?

Bitcoin Will Reach $400,000 After Halving, History Dictates

https://decrypt.co/16998/confirmed-craig-wright-doesnt-have-keys-to-8-billion-of-bitcoin

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The Bitcoin price is heading to at least $100,000 during the bull cycle which has already begun, one of the industry’s best-known analysts has confirmed.

Speaking to RT financial news show the Keiser Report on March 3, Willy Woo described the BTC price hitting $135,000 as a “common-sense prediction.”

Woo to Keiser: BTC could soon clinch $250K

Woo highlighted the cumulative average Bitcoin (BTC) price as a particularly effective metric for forecasting future gains. 

“You go could 35 times the cumulative average of the price — and that’s actually picked every single top in the ten-year history of Bitcoin — right now that’s sitting above $50,000, but it keeps climbing the longer it runs for,” he told host Max Keiser.

Explaining that Bitcoin ebbed and flowed in line with the four-year cycles of its block reward halvings, Woo likened new highs in BTC/USD to water “sloshing” in a bathtub.

“If you make a best guess, it’s above $100,000; I think one of the more common-sense predictions would be around $135,000 based on the timing cycleture and the 35x of average cap,” he continued.

“I’m looking at around the $100,000 to $250,000 range depending on how long this bull market runs.” 

In other Crypto news today:

India’s Supreme Court (Effectively) Unbans Bitcoin & Crypto Per excerpts of the Bloomberg article shared by Three Arrows Capital’s Su Zhu, judges today ruled that the Reserve Bank of India was wrong in banning banks from offering services to those that dabble in cryptocurrency.

Commenting on this decision, Joe McCann, a prominent cryptocurrency analyst and an AI/cloud specialist at Microsoft said in a message published to his Telegram channel:

“If true, India is nearly as big as China. That would open up a potentially large market for Bitcoin buyers…”

Indeed, prior to the restrictions placed on the cryptocurrency industry, India was a hotbed for innovation regarding this industry.

Thus, a de-escalation of said restrictions by the regulators could revive Bitcoin investment and the level of technological developments for other projects.

NewsBTC’s very own Joseph Young said that this “will be the biggest news of the year,” likely referencing the abovementioned sentiment.

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

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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:

Bitcoin’s hash rate has hit another all-time high.This has happened in the face of a potential pandemic, absolute chaos in the public markets, and helicopter money being distributed in Hong Kong.

Bitcoin doesn’t care about anything other than doing what it was built to do. pic.twitter.com/q5VF2AFn0D

— Pomp 🌪 (@APompliano) March 3, 2020

India’s Supreme Court Just Made an Extremely Bullish Ruling For Bitcoin

https://cointelegraph.com/news/bitcoin-hash-rate-passes-record-150-quintillion-as-price-reclaims-9k

https://cointelegraph.com/news/bitcoin-hitting-135k-this-bull-cycle-is-common-sense-willy-woo

➡️ TEEKA TIWARI – Investment of the Decade: http://2020.cryptonewsalerts.net

‘Buy Bitcoin’ (BTC) says, “Rich Dad, Poor Dad” best selling author Robert Kiyosaki.

It has been hard to miss the recent tweets from Robert “Rich Dad” Kiyosaki — the Vietnam war veteran turned prominent businessman.

The businessman — who is best known for his book “Rich Dad Poor Dad” — has been calling out Wall Street, the government, our central banks, and other institutions every day for the past few weeks.

Kiyosaki did so once again on May 24th, when he noted that the Mall of America is falling behind on its $1.4 billion mortgage, raising the question: “who is not getting paid?”

“MALL of AMERICA in Minnesota announced it will miss 2nd payment on its $1.4 billion mortgage. An intelligent question is “Who is not getting paid?” Dominos starting to fall. IMF says debt will rise from $6 trillion to $66 trillion by end of 2020. Buy Gold Silver & Bitcoin.”

Kiyosaki believes that the slowing economy, which will be punctuated by defaults on debts like the aforementioned, will result in growth in the prices of Bitcoin, gold, and silver.

As reported by NewsBTC, he postulated last week that he expects Bitcoin to hit $75,000 in the coming three years, while he also expects the price of gold to almost double within a year and for the price of silver to double in five years.

Kiyosaki isn’t the only prominent name in the business world that has recently recommended Bitcoin due to the ongoing macroeconomic environment.

Billionaire hedge fund investor Paul Tudor Jones, for instance, this month decisively entered the Bitcoin space when he promoted the asset in a research note sent out to his clients titled “The Great Monetary Inflation.” 

In it, he wrote that due to the leading cryptocurrency’s scarcity and decentralized nature, buying Bitcoin is making much more sense than fiat currencies, which are rapidly being inflated away due to the outbreak of COVID-19. Alex Krüger, a well-respected economist, believes that Jones’ support for Bitcoin is one of the most important events for this space ever:

“The Paul Tudor Jones letter is the single most bullish thing ever written about bitcoin, and it came from Tudor himself. I see it as a game changer. Think many macro investors will follow. Mandate changes and onboarding take time. PTJ will be on CNBC this week.”

In other trending Bitcoin News today: Market Analyst Says This Little-Known Cryptocurrency Will Soar 700% in Two Years Former hedge fund manager Teeka Tiwari says he believes a small-cap cryptocurrency is poised to print major gains over the next 24 months.

Tiwari’s 2020 Phenomenon Playbook lists Crypterium (CRPT) as the number coin with the potential for immense growth, reports IBTimes.

The Wall Street veteran says it could skyrocket by 700% in the next two years based on the forecasted volume of payments that would go through the Crypterium network.

Crypterium is a financial startup spearheaded by former Visa executive Steven Parker.

The company offers two primary products: the Crypterium Wallet and the Crypterium Card, which allow users to buy, exchange, store, and spend their cryptocurrencies with the same ease as traditional currency.

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

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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:

MALL of AMERICA in Minnesota announced it will miss 2nd payment on its $1.4 billion mortgage. An intelligent question is “Who is not getting paid?” Dominos starting to fall. IMF says debt will rise from $6 trillion to $66 trillion by end of 2020. Buy Gold Silver & Bitcoin.

— therealkiyosaki (@theRealKiyosaki) May 24, 2020

“Rich Dad Poor Dad” Author Continues to Promote Bitcoin as Economy Worsens