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âFacebook will announce they hold Bitcoin on their books when they release their quarterly results after trading closes tomorrowâ, according to popular crypto investor Alistair Milne, CIO of Altana Digital Currency Fund. If this rumor is in fact true then this is major news for not only BTC but the entire cryptocurrency market.
In other trending Bitcoin News today, BTC price breaks $55K as fund manager Dan Tapiero âstill sees $100Kâ in 2021.Â
âA very rare td buy signal in bitcoin. Last one came right at the March â20 low. Still see 100k this yr. Overwhelmed with calls of panic last few days over what is unchanged price actionâŠie still at 50k. Hodl is the only way to be long without emotion.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:
RUMOUR: Facebook will annouce they hold #Bitcoin on their books when they release their quarterly results after trading closes tomorrow
â Alistair Milne (@alistairmilne) April 27, 2021
A very rare td buy signal in #bitcoin.Last one came right at the March ’20 low.Still see 100k this yr.
Overwhelmed with calls of panic last few days over what is unchanged price actionâŠie still at 50k.#Hodl is the only way to be long without emotion.
H/T JB on the chart pic.twitter.com/mx9MSmfsRe
â Dan Tapiero (@DTAPCAP) April 27, 2021
https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk
https://cointelegraph.com/news/bitcoin-price-nears-55k-as-fund-manager-still-sees-100k-in-2021
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Bitcoin Price About to Tap Explosive Rally Trendline | BTC is Money Printing Protection
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Bitcoin Price Could Spark a Massive Market-Wide Rally If It Bounces at This Key LevelÂ
Crypto Bullet â another popular cryptocurrency analyst on Twitter â explained in a tweet that the BTC price is currently approaching a key macro trendline that has historically sparked explosive upwards movements.
âBTC 1M log scale update. Letâs once again take a look at our beloved log scale chart. As long we are closing the monthly above the trend line this is just another great buying opportunity. Zoom out and look at the big picture,â he explained.
If Bitcoin posts a highly bullish response to this level as it has done in the past, it is highly probable that the aggregated crypto market will also incur some intense upwards momentum in the weeks ahead.
Bitcoin Is Money Printing Protection as US Bond Yields Hit Lowest Ever
Bitcoin (BTC) is not a hedge against âeveryâ global meltdown but will ultimately protect its users from central banks, governments and fiat money printing.
That was the consensus building among cryptocurrency supporters on March 10, as traders awaited the next stage of worldwide panic â this had given much of the economy its worst day since the 2008 financial crisis.
On Monday, currency markets and stocks led the losses, which were later joined by markets such as United States government bond yields. In a move unprecedented in history, the entire U.S. bond yield curve dropped below 1% â signaling intense concern from traders over a global recession, an oil price war and, of course, coronavirus.Â
At the same time, Bitcoin shed around 15% overnight, volatility which at press time had nonetheless subsided. Noting historical behavior, Hunter Horsely, CEO of BitWise, said that BTC was performing much better than before versus the S&P 500 in particular.
âS&P is -7.6% today. Based on historical volatility, a -7.6% move in S&P is == to -41% in BTC,â he wrote on Twitter. âYet in the last 24 hrs BTC is only -5%. And only -0.5% since midnight today. Thatâs uncorrelated.â
AngelList CEO Naval Ravikant meanwhile suggested that investors zoom out from recent price adjustments. â
At the moment, Bitcoin is not a general hedge against every black swan and still behaves like a ârisk onâ trade,â he responded to criticism of the cryptocurrencyâs performance.
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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:
$BTCNice to see short term relief the past few hoursPrice couldn’t break above the daily open, and want to see it break this area before I feel good about any potential short term rally
I’ll take some profits at the resistance block above between $8030 and $8100 pic.twitter.com/UR6EXnR5Lt
â Josh Rager đ (@Josh_Rager) March 10, 2020
COVID-19 could lead to more people adopting crypto assets/#Bitcoin to reduce possible exposure to the virus
Crypto investors already knew fiat money was dirtyhttps://t.co/niME67UgJm
â Josh Rager đ (@Josh_Rager) March 9, 2020
At the moment, Bitcoin is not a general hedge against every black swan and still behaves like a ârisk onâ trade.
But long term, Bitcoin is a hedge against central banks printing money, which is inevitable as a reaction to the virus.
â Naval (@naval) March 10, 2020
S&P is -7.6% today.Based on historical volatility, a -7.6% move in S&P is == to -41% in BTC.Yet in the last 24 hrs BTC is only -5%.And only -0.5% since midnight today.That’s uncorrelated.
Treasuries are up (GOVT +1%)! That’s a negative correl, which is a different thing. pic.twitter.com/F0oVlGp8m0
â Hunter Horsley (@HHorsley) March 9, 2020
$BTC 1M log scale update đLet’s once again take a look at our beloved log scale chart.As long we are closing the monthly above the trend line this is just another great buying opportunity.
Zoom out and look at the big picture!#bitcoin #trading pic.twitter.com/Rx7v6X7ZzV
â crypto bullet (@SilverBulletBTC) March 9, 2020
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MAX KEISER: Bitcoin Will âEviscerateâ Competitors, Rally to 0K Per BTC | Ferocious Rally to K!
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According to Max Keiser, no such altseason will happen.
In July 9thâs episode of the Keiser Report, Max said that all of the Bitcoin (BTC) competitors will âbe evisceratedâ in the future.
âSo, all these altcoin posers and government subsidy-welfare bums will be eviscerated by the one true Bitcoin. Itâs about timeâŠâ
Keiser was referencing documents from the U.S. government showing that a number of cryptocurrency firms received âPPPâ loans.
The investorâs latest thoughts on the efficacy of altcoin projects come shortly after he told London Realâs Brian Rose that Bitcoin is unlikely to be usurped by any altcoins.
Keiser said that there is âno coin out there that can do something that BTC doesnât do already or will be able to do shortly.â
He added in a comment days later that Bitcoin dominance is likely to eventually reach 99% once again.
In addition to his thoughts on altcoins, Keiser also briefly discussed his price outlook for Bitcoin.
The investor said that he thinks the cryptocurrency is on its way to â$100,000 per coin,â which is a more than 900% rally from the current price of $9,200.
He previously told Infowarsâ Alex Jones that $100,000 may be too low, citing a new expectation of his that BTC will hit $400,000:
âI am officially raising my target for BTC â and I first made this prediction when it was $1, I said this could go to $100,000 â Iâm raising my official target for the first time in eight years, Iâm raising it to $400,000.â
Along with other factors, Keiser sees Bitcoinâs scarcity as a leading reason why the asset will appreciate so far in the future.
Commenting on the âPlanBâ stock to flow model, which predicts Bitcoin will reach $100,000 by December 2021, Keiser said:
âSo far, the arguments âdebunkingâ S2F for BTC appear to be just random word-salads by attention seekers. S2F is a valid and vital analysis of Bitcoin price that provides excellent insight into the market.â
The model also predicts that the cryptocurrency will achieve a price close to $1,000,000 by the end of the decade.
In other trending Bitcoin News today:
Bitcoin (BTC) Model Forecasts Ferocious Rally to $70,000, Says Weiss Crypto Ratings
The popular but controversial stock-to-flow (S2F) model now indicates Bitcoin could hit $70,000 by mid-2021, according to two analysts at Weiss Crypto Ratings.
The S2F model compares the amount of commodity in circulation divided by the amount produced every year.
The model is traditionally used to analyze the intrinsic value of precious metals such as gold and silver.
âAlthough based on a different methodology than the one used by the Weiss Cryptocurrency cycles model, it is widely respected in the crypto world. And it now points to a ferocious rally over the next 12 months or so.â
Gold currently has an S2F of 62 â meaning it would take 62 years of current production to match global above-ground holdings, according to Weiss analysts Bruce Ng and Juan M. Villaverde. Silver comes in at 22, while Bitcoinâs S2F score is 56, meaning BTC may be poised to rival gold as a safe-haven investment.
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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:
https://cointelegraph.com/news/hold-more-gold-than-bitcoin-says-btc-bull-mike-novogratz
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BILLIONAIRE SAYS FINANCIAL CHAOS WILL DRIVE BITCOIN TO NEW HEIGHTS!! #post_titleM BTC PRICE PREDICTION!!
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Venture capitalist and Bitcoin billionaire Chamath Palihapitiya says BTC will drive financial accessibility to billions of people â if the global financial system crumbles.
The Social Capital CEO and former Facebook executive is one of the largest known Bitcoin HODLâers that holds 1,000,000 Bitcoins.
In a new interview on CNBCâs Squawk Box with Joe Kernen, Palihapitiya explains what he believes it will take for Bitcoinâs price and adoption to reach meteoric heights.
âThe last few million coins of Bitcoin are obviously going to cost more energy than the first 18 million. But in the grand scheme of things, again, this is something in Bitcoin parlance people say âHodlâ. You buy it, you hold it, you put it away.â
But Palihapitiya adds that this is a situation no one should want to happen.
âAnd honestly, I think you hope that you never need it because the amount of actual chaos that will drive bitcoin appreciation is not something you actually really want to see.â
On the other hand, Palihapitiya remains optimistic about the changes Bitcoin could make on the financial infrastructure.
âNow that being said, if it does happen, I think it will create an enormous power redistribution and it will push power, it will push financial accessibility to the edges, to billions and billions of people. And in that there is something to be really proud and excited about.â
Palihapitiya also says inflation will continue regardless of who wins the election in November.
âThe most dominant factor that I see is the combination of Treasury and the Federal Reserve. They have printed so much money that the likelihood is we are going to continue to see asset price inflation independent of who is in the White House.â
Virgin Galactic Chairman Chamath Palihapitiya has shared his bitcoin investment strategy, predicting that bitcoinâs price could reach a million dollars.
He further suggested that everybody should have 1% of their assets in bitcoin since it is âa fantastic hedge.â
âIn 2013, I bought a lot and at one point I think I had almost 5% of all the bitcoins. My basis is about 80 bucks a coin. Iâve never bought more.â
He then shared his Bitcoin prediction of how high he thinks the btc price could be over the next 10 years.
âIt is a 10-year trajectory,â he began. âIâve always thought of bitcoin as a very binary investment, whether it goes from 80 to 8,000 to 6,000 to 3,000 to 13,000, it doesnât matter.â
Noting that bitcoinâs price will be âeither zero or itâs millions,â Palihapitiya asserted:
âWhat it will do is it will create a quasi gold standard. Itâll create an index, except instead of having to own gold where gold is owned by central banks, it is an instrument that has value thatâs determined in between its participants, and itâs owned by everybody.â
In other trending Bitcoin News today:
Bitcoin Forms Rare Bullish Crossover Not Seen Since 2014 â Hereâs Why Analysts Are Preparing for a Big Move
Despite the uncertainty surrounding Bitcoin, the number one cryptocurrency just flashed a bullish signal that has not been seen in six years.
Crypto analyst Eric Thies is highlighting a trend indicator known as the KDJ, which has made a bullish cross on the six-month timeframe for the first time since 2014.
âBTCUSD Notes on this crazy high TF but Iâll gladly give hopium when I see it 6M KDJ crossed bullish when it closed in July, confirming an unmistakably bullish 6M hammer at the same time. Last time KDJ crossed bull was 2014 with a $200 BTC low. Last cross bear at $17k high.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:
“The most dominant factor that I see is the combination of Treasury and the Federal Reserve,” says @Chamath. “They have printed so much money that the likelihood is we are going to continue to see asset price inflation independent of who is in the White House.” pic.twitter.com/315RlmEKPZ
â Squawk Box (@SquawkCNBC) October 6, 2020
https://news.bitcoin.com/chamath-palihapitiya-bitcoin/
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