I’M PUTTING MY BILLION IN BITCOIN, SAYS RICARDO SALINAS!! JOHN MCAFEE FOUND DEAD AT AGE 75!!

➡️ TEEKA TIWARI – Investment of the Decade: http://2020.cryptonewsalerts.net

Although JP Morgan may not trade Bitcoin (BTC) or offer crypto-specific services to its clientele, the company does analyze this nascent market once in a while.

This much was made clear very recently. One individual this week shared a report from JP Morgan, dated May 22nd, that included a post-halving analysis of the Bitcoin mining scene.

Analysts at the multinational financial institution found that through their analysis of Bitcoin’s intrinsic value, BTC is currently trading “25% below what the intrinsic price would be after the halving.”

The intrinsic price JP Morgan found was derived through the average cost of mining one BTC.

While the analysts suggested that no concrete signals can be garnered from the fact that the cryptocurrency is below its intrinsic value, analysts think BTC will eventually catch up.

As it stands according to JP Morgan analysts, Bitcoin’s intrinsic value sits somewhere around $11,500 — over $2,500 higher than the current market price.

While this price may seem miles away, it’s attainable due to fundamental trends.

Blockchain insights firm Santiment shared on May 21st that Bitcoin’s Network Value to Transactions Ratio (NVT) remains “healthy,” suggesting prices may soon resume higher despite the recent drop:

“In spite of BTC’s mild -4.4% downswing today, its NVT looks healthy, and our model is showing a semi-bullish signal. The amount of unique tokens being transacted on Bitcoin network is slightly above average for in May, according to where price levels currently sit,” Santiment wrote.

BlockTower Capital, a cryptocurrency and blockchain investment fund, echoed the optimism.

In a note, the firm said that the “macro case” for BTC has “never been more obvious.”

It attributed its optimism to multiple trends, such as growing distrust in central banks, the world’s adoption of digital technologies amid the ongoing illness, and growing geopolitical tensions as economies break down.

JP Morgan’s latest report about Bitcoin comes as JPMorgan & Chase — the banking division of the firm — has begun to service “crypto-native” clients for the first time ever.

As reported by the Wall Street Journal ten days ago, the bank has taken on two top Bitcoin exchanges, Coinbase and Gemini Trust, as clients.

“People familiar with the matter,” said that the accounts were opened and approved in April, and transactions through the account have just started to be processed.

“The bank is primarily providing cash-management services to the firms and handling dollar-based transactions for the exchanges’ U.S.-based customers, according to the people.”

According to Mike Novogratz — CEO of Galaxy Digital and a former partner at Goldman Sachs — this news is a massive deal, a “big deal” in fact.

The Wall Street investor remarked that the firm’s acceptance of cryptocurrency clients is a sign of “recognition that the future will include crypto currencies, digital assets, and blockchain based systems.”

In other trending Bitcoin News today:

Bitcoin Risks Falling to $8K as S&P 500 Stares at Its Potential “Big Short”

A bearish fractal in the S&P 500 that historically leads the index lower may prove equally fatal to Bitcoin.

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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 JPM announcement that they will provide banking services to Coinbase and Gemini is a big deal. Go $BTC. It is recognition that the future will include crypto currencies, digital assets, and blockchain based systems.

— Michael Novogratz (@novogratz) May 12, 2020

Bitcoin Risks Falling to $8K as S&P 500 Stares at Its Potential “Big Short”

➡️ TEEKA TIWARI – The Investment of the Decade: http://2020.cryptonewsalerts.net

“So end of 2021, I think Bitcoin (BTC) will hit $100,000 in US dollar value.” – Anthony Pompliano

Despite the gloomy economy, Morgan Creek Digital co-founder Anthony Pompliano says he’s not backing down from his bullish outlook on the BTC price.

In a new interview on Tech with Catalina, the crypto investment firm executive says he predicts the Bitcoin price is on the verge of a new long-term 1,288% bull run that will bring BTC from its current price of about $7,200 to $100,000.

Pompliano says the macro-economic backdrop along with the much-anticipated halving event in May, which will reduce Bitcoin’s new supply by half, will likely fuel a major rally.

He believes that massive money printing by central banks around the world will drive people to invest in assets that remain scarce and offer inherent anti-inflationary properties.

“So end of 2021, I think Bitcoin will hit $100,000 in US dollar value. And really, the reason for that is a combination of the macro-environment with the halving structure…

You then have massive quantitative easing. [In] the United States, we’ve announced two trillion dollars in stimulus. Japan just approved an almost one trillion dollar stimulus plan.

They’re devaluing their currencies and when that occurs, people are going to seek out inflation hedge assets like gold, Bitcoin, real estate, et cetera. And so, right when everyone is running to gold, Bitcoin, real estate and others, Bitcoin’s going to have this supply shock. Fifty percent of the incoming daily supply will disappear…

I think you’ll continue to see kind of the same level of demand, or more likely you’re going to see an increase in demand over time. If you get that increase in demand but you get a decrease in incoming supply, supply-demand economics take over and you get an increase in price.”

Pompliano says he expects Bitcoin’s rise to begin slowly, with BTC taking more than a year to register a new all-time high.

“Within the first 18 months of the halving, give or take, we will see a very material increase in price. My guess is that we’ll see $100,000 by the end of December 2021 at a minimum.”

In other breaking Bitcoin News today…

This Technical Sign Sent Bitcoin 250% Higher In 2019.

It’s About to Appear Again On April 19th, Josh Olszewicz shared a chart, indicating that Bitcoin is about to cross above the Ichimoku Cloud for the first time in five weeks.

This, he claimed, is a “once-a-quarter” buying signal, which is likely to see BTC rally even higher towards $8,000, $9,000, and beyond.

The importance of the Cloud should not go understated.

Previous moves on the daily above red Clouds also led to staggering bullish follow-throughs.

In 2019, the move above the Cloud marked the start of a 250% rally from $4,000 to $14,000, and just this year, the move above the Cloud was followed by a 20% rally higher.

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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 Crypto Catch-Up” – Teeka Tiwari Live Event: Register here: http://teeka.cryptonewsalerts.net

With the recent Bitcoin price surge from the lower $14,000’s to almost touching $16K in the past 24 hours, BTC pioneer Max Keiser, host of the Keiser Report went on an epic tweet storm sharing the following on Twitter:

“Order book shows no Bitcoin for sale up to $20,000. Any offers between $20-28,000 will get pulled. I’m looking at a possible pause at $28,000.”

“Bitcoin won’t pause until $28,000. Will update my forecast when it gets there, but I don’t see any pullbacks until $28,000”

“$16,000 is no resistance. None at $17,000 either. Virtually no resistance at all. Bitcoin has no top because fiat has no bottom.”

SCAM ALERT: “CoinSwitch Exchange Scammed Me Of $50,000 In Crypto”

I went to exchange some crypto as they advertise through their platform using Binance.

Then my transaction failed according to their support due to a technical error on their end.

Then they exploited KYC to withhold my funds.

However, even after complying and sending in all requested information, I’m still getting the run around, going back and forth with their support and they’re still withholding my funds.

I’m shocked that Cointelegraph influencers such as Keith Wareing promote this crypto exchange scam.

In other trending Bitcoin News Today:

“Fed Calling For More Stimulus Is ‘Code for Buy Bitcoin,’ says Winklevoss”

The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing.

In a tweet on Nov. 6, Tyler Winklevoss, co-founder of crypto exchange Gemini, said that Powell’s latest speech this week was “code for buy Bitcoin.”

Powell was addressing a news conference, which followed the Fed’s Nov. 5 meeting on the state of the economy and future measures.

As before, he reiterated that the central bank had not exhausted its range of tools for supporting the economy.

These have so far included heavy interventions in stock markets, financial stimulus measures and direct payments to Americans.

“I just would say that I think we’ll have a stronger recovery if we can just get some more fiscal support, when it’s appropriate… the size Congress thinks is appropriate,” he said, quoted by Reuters.

Bitcoin proponents have long warned about the long-term impact of short-term meddling in the economy by central banks that is represented by the huge increase in public debt seen in the U.S. and elsewhere in 2020.

The Fed’s balance sheet stood at $7.14 trillion on Friday, near record highs. U.S. national debt has topped $27.2 trillion, a figure never before seen in history.

In what some this week described as a clear demonstration of simple supply and demand at work, Bitcoin — with its fixed supply — continued climbing as Powell delivered his speech.

The largest cryptocurrency has gained over 15% since the start of the week, rising to levels not seen since the end of 2017.

According to quant analyst PlanB and others, this is to be expected, as six months after its block subsidy halving cut the supply of new Bitcoins in half, investors have bought up the slack.

These have included existing corporate buyers who have upped their requirements, among them payment gateway Square, which saw 80% of its Q3 revenue come from Bitcoin.

“There is virtually no BTC left for sale,” the popular Twitter account Girevik summarized, noting large buyer support on exchanges at levels below $13,000. Sellers have yet to impact the market, even at close to $16,000.

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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:

SCAM ALERT: @coinswitch scammed me of $50,000, exploiting KYC to withhold customer funds. Even after complying and sending all required documentation. I’m shocked @Cointelegraph influencers like @officiallykeith promote this exchange scam. Video coming soon with full details.

— Crypto News Alerts (@CryptoNewsYes) November 6, 2020

Millions of us opted out of this political nightmare years ago with #Bitcoin Take as long as you want to sort this out We don’t give AF In fact, the longer it takes the mega-richer we get Take your time, hombre

🍊💊👍 https://t.co/idIXV1xUPL

— Max Keiser (@maxkeiser) November 5, 2020

Top Bitcoin Expert Claims “The Train Has Left The Station” With $14K Broken

https://cointelegraph.com/news/fed-calling-for-more-stimulus-is-code-for-buy-bitcoin-says-winklevoss