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Popular crypto trader and YouTuber Ben Armstrong aka âBitboy Cryptoâ says that he can see Ethereum flipping Bitcoin this cycle and soaring to the tens of thousands of dollars as its ecosystem grows at an exponential rate.Â
âBecause of this total takeover, I can see itâs very likely that by 2025, Ethereum will hit $85,000 per ETH. The first step to that will be, of course, $25,000 ETH this year. Donât give up on that. Ethereum wonât just be digital oil in 2025, it will be the blockchain fuel of the future.â
In other trending Bitcoin News today: On-Chain Analyst Willy Woo Lowering 2021 Bitcoin Price Prediction After Crypto Market Reversal!Â
â[Bitcoin] was starting to look like it was winding up to $300K, $400K even $500,000 near the end of this year. Now itâs starting to reduce its trajectory. It looks like itâll comfortably reach $200,000. It might reach $300,000, but we have to see how that develops.â
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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.
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Bitcoin Price Can Hit K When US Banks Invest 1% of Assets | Visa Reveals BTC and Crypto Support
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The increasing institutional interest in Bitcoin is ânot hard to seeâ as U.S. regulators green light custody this week.
The BTC price will pass $20,000 if United States banks invest even 1% of their assets, one analyst believes.
Discussing institutional uptake of Bitcoin on July 23, Capriole digital asset manager Charles Edwards said that it was ânot hard to seeâ the unfolding trend.
âIf US banks put just 1% of their assets into Bitcoin as an investment, hedge or insurance⊠the Bitcoin price more than doubles,â he wrote on Twitter, adding:
âJust 1 NASDAQ stock (Grayscale) already owns 2% of circulating Bitcoin supply today. Itâs not hard to see where this is going.â
Edwards uploaded a chart of U.S. banksâ burgeoning asset balances as proof of the potential impact that a lean towards BTC would have on the largest cryptocurrency.
Grayscale, as Cointelegraph reported, is now a giant among Bitcoin hodlers, together with payment company Square responsible for buying up the majority of mined coins this year.
Edwardsâ comments are meanwhile timely.
This week, U.S. lenders received the green light from regulators to engage in cryptocurrency custody activities.
Whether an influx from the sector would ultimately benefit Bitcoin as an asset remains a contentious topic.
Previously, concerns circulated that institutional attention in the form of products such as a Bitcoin exchange-traded fund (ETF) would be detrimental to price discovery.
âItâs not a matter of good or bad, itâs just a fact,â Edwards added.
Nonetheless, other recent moves only serve to reinforce the marketâs upward trajectory.
Paul Tudor Jones, the maverick investor who has become increasingly bullish on Bitcoin, recently revealed that he had already put as much as 2% of his wealth in BTC.
In other trending Bitcoin News today:
Payments Giant Visa Reveals Roadmap to Supporting Bitcoin (BTC) and Cryptocurrency
Visa is laying out its plan to support Bitcoin (BTC) and the cryptocurrency space at large.
In a new blog post, the payments giant says it recognizes the role of digital assets in the future of money.Â
âThe concept of digital currency â or a digital version of cash controlled by a private key â was created more than a decade ago, with the launch of Bitcoin. Today, fiat-backed digital currencies, commonly referred to as âstablecoins,â have emerged as a promising new payment innovation, combining the benefits of digital currencies with the stability of existing currencies like the US dollar.â
Visa is already active in the cryptocurrency space, working with crypto platforms Coinbase and Fold.
The company says it plans to extend its services to digital currency wallets through its FastTrack program, allowing fintechs to integrate with Visaâs global network of 61 million merchants.
And in other trending BTC news today:
Top Analyst Bullish on Ethereum and Five Altcoins, Says Bitcoin Wonât Lead Surge in Crypto Market Cap
Crypto trader and analyst Michaël van de Poppe is bullish on Ethereum and a slew of altcoins.
Van de Poppe says ETH, rather than Bitcoin, will lead the way for a breakout in total crypto market cap.
The analyst believes Ethereum is âready for $500â after recently pushing through the $250 price barrier.
Van de Poppe is also bullish on Chainlink (LINK), Elrond (ERD), TomoChain (TOMO), Perlin (PERL), and LTO Network (LTO).
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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:
$BTCClose above that red line today ($9300) and I might reconsider my short term bearish bias (mid-term bear bias remains).
Close below and I’ll consider shorting more aggressively targeting the green line ($8500) first and green area second (~$7000) pic.twitter.com/ql3cOXKKdQ
â DonAlt (@CryptoDonAlt) July 22, 2020
If US banks put just 1% of their assets into #Bitcoin as an investment, hedge or insuranceâŠâŠ the Bitcoin price more than doubles.Just 1 NASDAQ stock (Grayscale) already owns 2% of circulating Bitcoin supply today.
It’s not hard to see where this is going. pic.twitter.com/i3oqPTcAPl
â Charles Edwards (@caprioleio) July 23, 2020
The total market cap of crypto will break out (most likely) upwards.
That’s not going to be through $BTC.
That’s going to be through $ETH.
As $ETH is very undervalued.
â Crypto MichaĂ«l (@CryptoMichNL) July 22, 2020
Why Regulators Allowing US Banks to Hold Bitcoin Is So Positive for Crypto
https://cointelegraph.com/news/bitcoin-price-can-hit-20k-when-us-banks-invest-1-of-assets-analyst
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0K Bitcoin (BTC) by 2030 Predicts Crypto Research Report | ETH, LTC, BCH, & XLM Price Predictions
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
A new report from a crypto research group suggests that the Bitcoin price could approach $400,000 in the next 10 years, with altcoins following its bullish example.
In the June 2020 edition of the Crypto Research Report, researchers predicted the price of Bitcoin (BTC) and other altcoins â Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM) â would get a huge surge before 2025, which may continue for at least five years. Â
âWe believe that Bitcoin is still at the very start of its adoption curve,â the report states.
âThe price of $7,200 at the end of 2019 suggests that Bitcoin has penetrated less than 0.44% of its total addressable markets [worth $212 trillion]. If this penetration manages to reach 10%, its non-discounted utility price should reach nearly $400,000.â
That would mean a price increase of more than 4,000% for BTC by 2030, but ETH, LTCÂ and BCH are also looking bullish in this scenario, with surges of roughly 1,600%, 5,000%Â and 5,400%, respectively.
However, XLM would see the largest increase: more than 11,000% from $0.07 to $7.81. ââ
The âLiechtenstein-based research group analyzed cryptocurrencies based on their target addressable market, or TAM, a metric used âto estimate a cryptoassetâs implied future price.âÂ
According to the report, TAMs for cryptocurrencies include remittance, tax evasion, offshore accounts, store of value, online transactions, micropayments, crypto trading, gaming, online gambling, consumer loans, reserve currency and others.
The report also observed on- and off-chain velocity metrics for altcoins and concluded that the âgrowth in the number of speculative transactions on exchanges is faster than growth of utility transactions to buy goods and services.â
âOn-chain velocityâ is a metric measured by transactions on a blockchain, while âoff-chain velocityâ is determined by trading activity on crypto exchanges.
When analyzing Bitcoin, the researchers noted the price of the cryptocurrency and its activity on exchanges both increased at roughly the same time:
âIf cryptocurrencies gain adoption for long-term hoarding purposes or for short-term spending on speculation or coffees, the price of crypto assets will go up,â the Crypto Research Report stated.
âHigh velocity on-chain and low velocity off-chain suggests that crypto assets are becoming increasingly used for speculation and not for store of value.â
In other trending Bitcoin News Today:
Why Top Traders Expect Bitcoin to Hit $13,000 Despite Short-Term Weakness
As NewsBTC reported previously, one analyst does believe that a continued defense of this crucial support region could be all that is needed to spark a movement up to highs of $12,000.
âI think, if we hold $8,800-8,900. From here to $9,600, then flip $9,300, crawling back up with acceleration above $10,000 and then $11,500-12,000 test,â he explained.
This analyst isnât alone in believing that Bitcoin could be well-positioned to see some major upside in the coming days and weeks.
Another popular pseudonymous trader explained earlier today that a massive liquidity pool around $10,500 indicates that a move to this crucial resistance is imminent.
From here, he believes Bitcoin could then push up towards $13,000.
âMacro BTC context: still think weâre heading towards $13K mid term. Massive liquidity pool around 10.5k, price tends to visit those sooner or later.â
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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:
Macro $BTC context: still think we’re heading towards $13K mid term. Massive liquidity pool around 10.5k, price tends to visit those sooner or later. pic.twitter.com/cb7AxhGRi4
â SalsaTekila (@SalsaTekila) June 29, 2020
Why Top Traders Expect Bitcoin to Hit $13,000 Despite Short-Term Weakness
https://cryptoresearch.report/wp-content/uploads/2020/06/Crypto-Research-Report-June-2020-ENG.pdf
https://cointelegraph.com/news/crypto-research-report-predicts-397k-bitcoin-price-by-2030
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TEEKA TIWARI: Inside The Phenomenon – The Final 5 Coins To Million | Bitcoin Sinks to ,390
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Discover the âFinal 5â Teeka Tiwari picks of 2020 before the infamous Bitcoin halving.
Regardless what happens next to the BTC price, these cryptocurrency projects from Teeka simply cannot be ignoredâŠ. Teeka Tiwari is back with â5 Coins to $5 Millionâ: THE FINAL 5
âFIVE Tiny Cryptocurrencies That Could Turn $500 Into $5 MillionâŠ
Thanks To A Crypto Market Phenomenon Guaranteed To Hit In Roughly 50 Daysâ
This Could Be The Biggest Millionaire-Making Event In Human History (Itâs NOT The Bitcoin Halving) For the past six months, Teeka Tiwari â the independently ranked #1 most trusted person in crypto â has been on a world tour, investigating a rare crypto market phenomenonâŠ
100% guaranteed to happen only once every four years. (Itâs not the halving. The answer may surprise you.)
Over 100 billionaires and wealthy investors are in a buying frenzy right now, preparing for this phenomenon.
The last time it occurred in 2016 (we wonât see it again until 2024), you couldâve turned $500 into as much as $5 million â in 10 months.
During this landmark online training event, Teeka will fly you to the hidden-in-plain-sight epicenter of this phenomenon⊠so you can see with your own eyes: Itâs real.
Itâs 100% guaranteed to hit in roughly 50 days.
And it could be bigger than any other phenomenon before.
Bitcoin Price Sinks to $4,390 as Dowâs 1,000-Point Drop Risks Bigger Breakdown
Bitcoin (BTC) jumped towards $6,000 in overnight trading as Federal Reserve reduced its benchmark interest rates, but trimmed gains as some traders liquidated their positions for cash amid sell-off in stocks.
The bitcoin-to-dollar exchange rate plunged to $4,396.50 by 10:05 UTC, bringing its 24-hour losses further up by 13.78 percent. The bitcoin futures contracts listed on CME were also trading 15.67 percent lower into the day â at $4,495 â signaling that the cryptocurrency could dip further heading into the Mondayâs US session.
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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:
A really cool fractalI added some context to it, comparing the virus with the 2008 crashGann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY
Kudo’s to @CryptoCapo_ and @kenzboard who showed me the fractal pic.twitter.com/JHTPZO6s1w
â //Bitcoin đ”ack đ (@BTC_JackSparrow) March 15, 2020
S&P 500 futures stuck at -5% limit down *after* the Federal Reserve announced 100 basis point rate cut, $700 billion in QE, and an abolishment to reserve requirements.The Fed has shot nearly all of its ammo â seemingly no bullets landed.
So what’s next?
â Nick Chong (@_Nick_Chong) March 16, 2020
With the FED effectively cutting interest rates to zero, it seems evident that negatives rates are just around the corner. Good thing there’s a plan B.#bitcoin
â Jonathan Leong (@BTSEJonathan) March 16, 2020
While it’s crazy that #gold is down so much, it’s even crazier that #Bitcoin is down so little. Though gold is down 4% and Bitcoin is down 15%, one Bitcoin still buys three ounces of gold. That’s a great exchange rate. Hodlers had better act quick or they will miss their chance.
â Peter Schiff (@PeterSchiff) March 16, 2020
Scarily Accurate Fractal: Bitcoin Will Trade at $20,000 By Q1 2021
Bitcoin Sinks to $4,390 as Dowâs 1,000-Point Drop Risks Bigger Breakdown
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