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As Bitcoin Roars Into 2020 The Winklevoss Twins Make Wall Street Warning | BTC Halving Not Priced In
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Bitcoin (BTC) has had the best start to a new year since 2012, rising some 20% since January 1st, while other major and minor Cryptocurrencies have performed still better.
The Bitcoin price, which has been on a steep downward trend since the middle of last year, last night climbed to almost $9,000 per BTC on the Luxembourg-based Bitstamp exchange.
Elsewhere, Bitcoin offshoots Bitcoin SV and Bitcoin Cash have soared, though some are worried their gains won’t hold.
Now, with the Bitcoin and Cryptocurrency market eyeing the looming BTC halving event, Crypto investors Cameron and Tyler Winklevoss, of Facebook founding fame, have warned the traditional financial industry it needs to start “building up bitcoin reserves.”
“If you have gold, start building up Bitcoin reserves,” Tyler Winklevoss, who cofounded Bitcoin and Crypto exchange Gemini with his brother in 2014, told attendees at the Crypto Finance Conference today in Switzerland. “We think Bitcoin will disrupt gold.”
“Once the likes of Tesla’s Elon Musk or Amazon’s Jeff Bezos start mining gold on asteroids, which will happen within 25 years, gold’s value will change,” Tyler said, to laughter from the audience, adding that gold investors need to “buy Bitcoin.”
The Winklevoss twins also indicated they remain bullish on the Bitcoin (BTC) price despite its recent rally, pointing to the upcoming bitcoin halving event that will see the number of new bitcoin rewarded to miners cut by half.
“The halvening in May will be big for Bitcoin,” Cameron Winklevoss said.
“It’s rarely priced in,” referencing the Bitcoin price eventually rallying in the aftermath of the two previous halvings. Meanwhile, the Winklevoss twins warned the U.S. is at risk of falling behind China when its comes to Bitcoin and Cryptocurrency development.
“The U.S. has been slow,” Tyler Winklevoss said. “China will likely issue a stablecoin first.
This could be the first in modern times that the U.S. hasn’t been first on something like this,” adding that regulation is “fit for purpose” in certain areas but not in others, “hurting innovation.”
In other Crypto news today:
Fundstrat’s Tom Lee sees a bright future for Crypto in 2020.
The Cryptocurrency market will rise on new healthy dynamics in 2020, commented Thomas Lee, The January price rally shows a return to more active trading with new possibilities for digital assets.
Lee believes Bitcoin may be in for a bigger rally, as the halving of the block reward is not yet priced in. This new narrative goes counter to the idea that 2019 trading already discounted the halving news.
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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 Just Plunged 3% In Minutes: Does This Mean Rally is Done?
https://cointelegraph.com/news/no-it-wasnt-craig-wright-bitfinex-moves-1b-in-bitcoin-for-48-cents
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John McAfee Bitcoin Prediction 2020 #post_titleM-M Math | BTC Halving | Running For President
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John McAfee reveals all in this exclusive new interview.
John and I have an unscripted conversation discussing the following:
- His $1-$2M BTC Price Prediction Math
- The Bitcoin Halving
- His Top Altcoin picks
- The Future of Cryptocurrency
- Cybersecurity
- Decentralized Crypto Exchanges
- McAfeeDEX
- Government Conspiracies
- Taxation is Theft
- President Trump
- Running for President in 2020
- Secret Military Bases
- UFO’s
- Plus so much more in this exclusive John McAfee Bitcoin interview.
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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.
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BITCOIN WILL DEFY REGULATORS WITH ‘TENFOLD RISE IN VALUE’ TO OVERTAKE GOLD SAYS ARK INVEST CEO!!
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The Bitcoin value is set to rise tenfold and will overtake that of gold, leading New York investment manager Cathie Wood, the CEO of Ark Invest has predicted.
Cathie Wood, the veteran stockpicker, expects the world’s largest cryptocurrency (BTC) to “comfortably” eclipse gold’s $10 trillion market capitalization.
In other trending Bitcoin News today:
BREAKING: Michael Saylor and Microstrategy have acquired another 253 bitcoin for $15.0 million.
“MicroStrategy has purchased an additional ~253 bitcoins for $15.0 million in cash at an average price of ~$59,339 per BTC. As of 4/5/2021, we hodl ~91,579 bitcoins acquired for ~$2.226 billion at an average price of ~$24,311 per BTC. MSTR”
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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:
Bitcoin Poised To Erupt by $10,000 in a Single Day, Says Top Trader
https://cointelegraph.com/news/the-big-60k-hodl-is-on-5-things-to-watch-in-bitcoin-this-week
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