đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
The entire supply of Bitcoin will eventually go to the zealot DCA (Dollar Cost Average) army, bringing enough fiat into BTC that fiat ceases to exist.
So, strap yourselves in, suspend disbelief and allow me to show you an extreme example of how the wealthiest, most charitable 2% of the worldâs workforce â about 70 million people (less than 1% of the close to eight billion people alive today) â could very realistically create a permanently upwards sloping Bitcoin price floor and drive the BTC price toward a (relatively) stable price of $1 million per coin within a year or so.
In other trending Bitcoin News today: Bitcoin and Ethereum hit resistance with $42.5K flip needed for BTC longs.
As ever, the longer the timeframe, the more bullish the take.Â
âNext price discovery will be wild,â fellow trader Pentoshi forecast Thursday. Should BTC/USD manage to break its current $64,500 all-time highs, he said, $250,000 could follow.
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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://bitcoinmagazine.com/markets/dca-army-drives-1-million-bitcoin-price
Top Trader Pentoshi Says Ethereum Ready To Outperform Bitcoin â Hereâs Why
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BITCOIN WILL REACH $150K ON THIS DATE, SAYS TOP CRYPTO TRADER!! $288K BTC PRICE âSTILL IN PLAYâ!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Crypto analyst and influencer Tyler Swope is unveiling the exact date on which he believes Bitcoin will hit his target of $150,000.Â
âThe top for this cycle will be between $100,000 to $200,000 by December 2021. This is and has been my prediction for a long time. But if I had to give you a specific number and day, how about right here: $150,000 by December 15th, 2021.â
In other trending Bitcoin News today: $288K BTC price âstill in playâ says PlanB as Bloomberg champions Bitcoin halving. Bitcoin can still hit an average price of $288,000 in the next three years, confident analyst PlanB has said after BTC shed 7% on June 12.Â
â$288K still in play. It would really surprise me if bitcoin would not touch the black S2FX model line this phase. Regardless of current volatility, yellow green and blue dots will be (much) higher than red orange dots.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:
$288K still in play. It would really surprise me if #bitcoin would not touch the black S2FX model line this phase. Regardless of current volatility, yellow green and blue dots will be (much) higher than red orange dots. pic.twitter.com/np26ypO96X
â PlanB (@100trillionUSD) June 12, 2021
https://cointelegraph.com/news/bitcoin-taproot-upgrade-finally-locked-in-activation-set-for-november
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MAX KEISER SAYS CURRENT BITCOIN HASHRATE TRENDS INFER A K BTC PRICE SET TO SKYROCKET UP TO 80X!!
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Bitcoin pioneer Max Keiser, RT host of the Keiser Report recently tweeted the following bullish BTC price prediction:
âThe Bitcoin price is lagging hashrate by a considerable margin. Current hashrate trends infer a $35,000 â $50,000 price.â
âPeople with zero Bitcoin exposure like Warren Buffett will see their wealth hyperinflate to nothing while the BTC price skyrockets 40-80xâ, says Max Keiser.
Keiser recently tweeted that âthe (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000.â
CryptoPotato reached out to the popular TV host to elaborate on his views regarding the price suppression and potential surge in value.
Keiser asserted that âfor the worldâs poor, the current price and availability of BTC are a once in a species-existent opportunity to acquire unconfiscatable Hard Money before a 40-80x move on the upside.â
He commented that his âforensic analysis of the BTC market, corroborated by insiders, is indicating futures traders are suppressing the price of BTC to give institutional players a chance to load the boat.â
He also gave his intermediate price target of $28,000 per coin. Once the cryptocurrency reaches that level, it would be a significant game-changer for peopleâs perception of the asset.
âWhen this happens, weâll see something quite unexpected. The retail market for BTC will dry up. The amount of BTC for sale AT ANY PRICE will be increasingly tiny. Institutions, corporations, and governments will be buying BTC directly from miners, presumably at a huge premium.â
Keiser, who previously said that Warren Buffet will start panic buying Bitcoin when the asset price jumps to $50,000, said that people like the prominent investor, who have no Bitcoin exposure, will see âtheir wealth hyperinflate to nothing.â
In other trending Bitcoin News today:
Michael Saylor Reveals What Heâll Do When $425 Million Bitcoin Investment Surges 100x
Microstrategy CEO Michael Saylor said he will hold his companyâs Bitcoin (BTC) for 100 years, and has no intention of selling it.Â
On Aug. 11, the business intelligence firm announced it had purchased 21,454 BTC for $250 million.
This investment is now worth more than $278 million, representing an 11% increase in two months, and has purchased more Bitcoin since.
In a new interview with Real Vision CEO Raoul Pal, Saylor said the decision to invest $250 million was informed by a discussion between its board of directors and the firmâs investors, auditor and executives. Saylor explained:
âThis is not a speculation, nor a hedge. It is a deliberate corporate strategy to adopt the Bitcoin Standard.â
Microstrategy decided to restructure its treasury in response to recent global economic uncertainty, looking to explore assets suited to providing a long-term store of value.
But after considering a variety of options with a 100-year outlook, Saylor decided Bitcoin was the only option.
Tax and fees kill almost all other assets, he concluded, and those that arenât killed are instead crippled because they are controlled by a CEO, government or country.
Bitcoin, on the other hand, is evolving, and over time it gets harder, stronger and faster, Saylor concluded, describing BTC as a âhive of cybernetic hornets protected by a wall of encrypted energy.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:
“I came to the conclusion that #btc was going to be the best of the inflation tradesâthe defensive trades,” says Paul Tudor Jones. “Bitcoin has a lot of characteristics of being an early investor in a tech companyâŠit’s like investing with Steve Jobs and Apple.” pic.twitter.com/4760iQBrOy
â Squawk Box (@SquawkCNBC) October 22, 2020
This message from KeiserReport in 2011 put bitcoin on the map. Millions heard the call. We created 100,000âs of #BTCÂ millionaires globally with hundreds of shows over 10 years These facts get overlooked during this period of Russophobia, sadly
â Max Keiser (@maxkeiser) October 17, 2020
#Bitcoin price is lagging hashrate by a considerable margin. Current hashrate trends infer a $35,000 â $50,000 price
â Max Keiser (@maxkeiser) October 22, 2020
https://cointelegraph.com/news/michael-saylor-claims-the-company-will-hold-bitcoin-for-100-years
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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
Post Views: 158