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New Bitcoin millionaires will be minted⊠likely even BTC billionairesâŠ
We will soon see another bull run in Bitcoin and Cryptos of a magnitude that will put even the dot-com bubble to shame. And weâre already seeing the first signs.
In fact, thanks to a single metric â scarcity â BTC could be worth 16 times as much as it is today, surpassing $1 million per coin in the years to come.
In other trending Bitcoin News today: Plan B Updates BTC S2F Model Year-End Price Prediction!
PlanB recently shared an update about the S2F model where he cut down Bitcoinâs price prediction to $100k by the end of December.
âAs you know S2F model predicts ~$100K average this halving cycle (white line). I dumbed that down to â$100K Dec 2021 closeâ because to make $100K average, mid-cycle we should be above that average. My floor model (not S2F) predicts $135K Dec close: roughly in line with S2F model.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:
https://stansberryinvestor.com/articles/stansberry-digest/how-bitcoin-goes-to-1-million-5
PlanB updates Bitcoin S2F model, slashes projected price level by 2021 end
https://cointelegraph.com/news/breaking-the-bitcoin-network-welcomes-taproot-soft-fork-upgrade
https://cointelegraph.com/news/bitcoin-sets-up-nail-biting-weekly-close-after-taproot-goes-live
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KRAKENâS DAN HELD SAYS BITCOIN TARGETING 0K!! BTC WILL TAP 0K-8K 'BEFORE' DECEMBER 2021!!
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Dan Held from the crypto exchange Kraken, says Bitcoin is in a much stronger position now with the possibility of skyrocketing to $100,000 per BTC in 2021.
In an interview with crypto influencer Lark Davis, Held says that Bitcoin remains a risk-on asset as he anticipates the Biden administration to print more money at an unprecedented rate.
âIf you look at options pricing in Biden, heâs being priced into the market and his impact is being priced in as a positive because he will spend more money. Money printer will go brrr, and the Democrats will likely go brrr at an even faster rate than Republicans and theyâre both brrring at a rate weâve never seen in US historyâŠ
Insane amounts of money. People are like âBitcoin, at a $100,000? Oh man, that would be a $2 trillion market cap.â Iâm like âYeah, we just printed that much last week alone.â
Despite the bullish target, Held doesnât discount the possible threat of the paperization of Bitcoin where large corporations such as PayPal buy huge amounts of BTC but do not allow the deposit or withdrawal of the crypto asset from their ecosystem, which eliminates the need to settle transactions on-chain.
âIf big corporates decided that they donât care about Bitcoinâs layer one or care about Bitcoinâs settlement mechanism and then they [are] fine with settling with each other, then that gets pretty scary where itâs like, âWell, what if we just rebuilt the old system where no one cared about the settlement guarantee of the Bitcoin layer?â
Held himself though says he still strongly believes in Bitcoinâs core settlement system and doesnât see any reason to use any counterparty.
âWe look at that from a very critical perspective, we donât want to take on any additional risk. Bitcoin as a settlement mechanism is phenomenal so I think there would have to be a really strong reason not to use that.â
In other trending Bitcoin News today:
âPLANB SAYS BITCOIN WILL TAP $100K-$288K BEFORE DEC. 2021!!â
In a recent tweet the stock-to-flow model creator PlanB shares the following Bitcoin price prediction:
âPeople ask if I still believe in my model. To be clear: I have no doubt whatsoever that Bitcoin S2FX is correct and Bitcoin will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice!â
And regarding Bitcoinâs relationship to gold he pointed out the following in another tweet:
âBitcoin priced in gold. 1BTC = 8 ounces of gold, up 1 ounce in 1 month .. and countingâ
In other trending Crypto news today:
â3 Ways Bitcoin Price And Stocks May React to a Biden Presidencyâ
On Nov. 7 several major media outlets announced that after 4 days of rigorous vote-counting in key battleground states Joe Biden had managed to secure enough electoral votes to become the 46th President of the United States.
As the excitement over an incredibly close election starts to abate, analysts will take a closer look at how a Biden presidency may impact traditional markets and Bitcoin price.
Three key factors to consider are the eventual passage of a new round of economic stimulus, a strengthening U.S. dollar, and the possibility of a stock market recovery.
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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:
People ask if I still believe in my model. To be clear: I have no doubt whatsoever that #bitcoin S2FX is correct and #bitcoin will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice! pic.twitter.com/GNSxLIt7NG
â PlanB (@100trillionUSD) November 8, 2020
https://cointelegraph.com/news/3-ways-bitcoin-price-and-stocks-may-react-to-a-biden-presidency
https://cointelegraph.com/news/bitcoin-at-15k-is-now-bigger-than-paypal-coca-cola-netflix-disney
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MAX KEISER PREDICTS K BITCOIN PRICE WITH BUFFET MOVING INTO GOLD!! BTC IS INCREDIBLY BULLISH!!
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Max Keiser believes that the Bitcoin price will shoot up to $50,000 per BTC as a result of Warren Buffet moving into gold.
The vocal Bitcoin proponent and TV anchor Max Keiser has commented on the recent decision of Warren Buffett to move his funds from stakes in major global banks and make a bet on Barrick Gold miner stocks, saying that the Berkshire Hathaway CEO is wrong about gold, banks and, whatâs more, he is likely to be wrong by chiding Bitcoin.
Bloomberg has reported that the world renowned investor, aka the Oracle of Omaha, Warren Buffett has decided to shift his investments from banks and move them into the stocks of Barrick Gold.
He has reduced his financial presence in several big name banks, such as JPMorgan Chase, Wells Fargo, etc, after many years of considering these institutions to be a âa good business as long as they donât make major mistakesâ, according to Bloomberg.
Previously, U.Today reported that the investment guru and a popular non-fiction writer Robert Kiyosaki slammed Buffett for his âold-dated strategyâ of ignoring gold, the stock market and Bitcoin, sitting on his billions of cash.
Now, Warren Buffett has started to gradually move into gold. However, Max Kaiser believes that he is wrong about pretty much everything â gold, banks, airlines and Bitcoin, which Buffett previously referred to as ârat poison squaredâ.
Max Keiser believes that following Buffettâs move into gold, the global investment business is likely to bet 5 percent of its funds on gold.
This, in its turn, lead Keiser to believe that around 1 percent of the funds would be allocated into Bitcoin (following the recent move of MicroStrategy who bought $250 million worth of BTC). Thatâs $1 trillion.
âGlobal $100 trillion fund management biz is less than 1% invested in Gold. With Buffett now moving into Gold expect global allocation of 5% AU min. Expect a 1% BTC global allocation ($1 trillion).â
The crypto community and Bitcoiners in particular have always been critical about banks, referring to Bitcoin as something that would put them out of business.
As for gold, the Winklevoss twins have recently stated that unlike Bitcoin, gold has an infinite supply in the space (in particular referring to Elon Musk, NASA and their plan to explore gold and other precious metals on asteroids, while pitching Bitcoin to Dave Portnoy).
Tyler Winklevoss tweeted:
âThe supply of gold is infinite in our galaxy, the supply of Bitcoin will always be fixed. Long-term, there will be no comparison between these assets. Gold will be to bitcoin in the future like sand is to gold today.â
In other trending Bitcoin News today:
Raoul Pal: Bitcoin will become best performing asset in the world!
Former Goldman Sachs employee Raoul Pal has been one of the most bullish on Bitcoinâs future in recent days.
Pal has made a bullish prediction for the first cryptocurrency by market capitalization and said that Bitcoin will be the best performing asset in the coming years.
Comparing it to other assets such as gold, stocks and commodities, Pal outlined:
âAlmost everything is an inferior trade to Bitcoin (âŠ) And there is nothing â except currently Ethereum and thatâs in a shorter-term time horizon because it was underperforming massively â but on any meaningful time horizon, whether itâs one-year, two-year, three-year, four-year, five-year, six-year, Bitcoinâs basically outperforming everything, and itâs breaking out versus everything, or â another term â everything is breaking down versus Bitcoin.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 supply of gold is infinite in our galaxy, the supply of #Bitcoin will always be fixed. Long-term, there will be no comparison between these assets. Gold will be to bitcoin in the future like sand is to gold today.
â Tyler Winklevoss (@tylerwinklevoss) August 14, 2020
Global $100 trillion fund management biz is less than 1% invested in Gold. With Buffett now moving into Gold expect global allocation of 5% AU min. Implies $5,000 Gold
Expect a 1% #BTC global allocation ($1 trillion).
This implies $50,000 for Bitcoin
Expect PTJ ups to 10%
â Max Keiser (@maxkeiser) August 14, 2020
These are all INCREDIBLY BULLISH long-term chart patterns. The probabilities in the charts suggest that Bitcoin is likely set to be the best performing major asset in the world over the next 24 months and by a big margin.
I remain #irresponsiblylongbitcoin #bitcoin $BTC
â Raoul Pal (@RaoulGMI) August 10, 2020
$BTC updateAnother good 4-hr close above supportPrice came down, retested and has bounced â will look for continuation to the upside
Still want to close above $11,900 on the daily pic.twitter.com/Dp1qsmvTFI
â Josh Rager đ (@Josh_Rager) August 12, 2020
As long as $BTC can hold $10,500 support, I think we continue to move up to test the 1.618 extension1.618 is at $13k and 2.618 is around $14,800
Yesterday’s drop was possibly price suppression and re-accumulation of longs and a bear trap on shorts to fuel the next push up pic.twitter.com/9UEs7T5Toe
â Jacob Canfield (@JacobCanfield) August 12, 2020
The US Dollar is âReady to Break Downâ â How This May Impact Bitcoin
https://u.today/warren-buffett-is-wrong-about-bitcoin-gold-banks-max-keiser
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ELOM MUSK TWEETS CRYPTIC BITCOIN PRICE BOTTOM?! TOP TRADER UNVEILS BIG YEAR END TARGET DESPITE FUD!!
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Itâs all about Elon Musk as Crypto Twitter provides the backdrop to an ongoing battle between Bitcoin hodlers and the âDogefather.â
âElon Musk must be an outstanding technical analyst. His âTesla has not sold any Bitcoinâ tweet was posted exactly at Bitcoinâs key technical level, the 61.8 fib ($42,845).â
In other trending Bitcoin News today: Top Trader Says Heâs Bullish on Two Underrated Altcoins, Unveils Big End of Year Target for Bitcoin!
A high-profile crypto trader is sharing his two under-the-radar altcoin picks and his BTC bull market end-of-year prediction.
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Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
đ„đ„đ„”#Bitcoin is designed to do 1 thing, kill central banks. Its hard-coded in the Genesis Block this very reference. It’s designed elegantly to kill CB’s. When CB’s are killed global energy usage goes from 160K terawatt-hours cut by 3 quarters.”-@MaxKeiser
â Crypto News Alerts đ„đ (@CryptoNewsYes) May 16, 2021
To clarify speculation, Tesla has not sold any Bitcoin
â Elon Musk (@elonmusk) May 17, 2021
https://cointelegraph.com/news/banking-system-consumes-two-times-more-energy-than-bitcoin-research
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