INSTITUTIONS WILL BOOST BITCOIN TO $75K IN 2022, SAYS CEBO BANK CEO! TONGA TO MAKE BTC LEGAL TENDER!

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Real Vision CEO and macro guru Raoul Pal thinks Bitcoin (BTC) and the overall Crypto market cap still has a gigantic amount of room to grow.

Pal notes that most major asset classes, including equities, bonds, and real estate, sit within the $150-300 trillion range. The former Goldman Sachs executive thinks the crypto market cap will surge by 100x to match those other sectors.

“I think a roughly fair value to fit in with the other asset classes is $200 trillion. So it’s 100x. We’ve never had an asset do 100x of that kind of magnitude in all recorded history.

We’ve never seen it before, none of us have lived through this. So this is, I think, going to be the largest generation of wealth that the world has seen in the shortest period of time.”

In other trending Bitcoin news today: Billionaire Reveals His Huge Bitcoin Bet – And Predicts The Bitcoin Price Will Climb As It Replaces Gold!

Billionaire investor Chamath Palihapitiya has revealed he’s poured “hundreds of millions” into Bitcoin and predicts the BTC price will continue to climb as it replaces gold.

Palihapitiya has previously predicted bitcoin could climb as high as $200,000 per bitcoin one day—a price that would give bitcoin a market capitalization of around $4 trillion.

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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://www.forbes.com/sites/billybambrough/2021/10/02/billionaire-spac-king-reveals-his-huge-bitcoin-bet-and-predicts-the-bitcoin-price-will-climb-as-it-replaces-gold/?sh=10162f372a3c

https://cointelegraph.com/news/price-spike-are-whales-front-running-the-approval-of-a-bitcoin-futures-etf

https://cointelegraph.com/news/bitcoin-s-50k-resistance-to-become-support-in-q4-bloomberg-commodity-strategist

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There is nothing like a good BTC halving to send the Bitcoin price to the moon again.

It has happened twice before and there is nothing indicating that history will not rhyme again.

With just 146 days to go now the FOMO should start to build soon, more so as we enter 2020.

As the block reward and inflation rate gets halved, the stock to flow doubles which is very important to investors in terms of relative scarcity and demand.

There is no end of charts and Bitcoin predictions out there for BTC price next year and most signal a larger run after the halving.

The new bull market could be around the corner, all Bitcoin (BTC) has to do is stay above $6,500 for the rest of this year to confirm it.

The week is drawing to a close with the Bitcoin price back above $7,000 which keeps it consolidating as the bulls and bears battle it out.

Long term trend lines are holding as is strong support but those are not the only reasons why the next bull run could be imminent.

In other BTC news today, Bitcoin is more likely to hit $10,000 in 2020, than dip to $5,000 because we’re in a consolidating bull market, shows the 2020 Bitcoin prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence.

He tweeted on Crypto Twitter:

“Bitcoin in 2020: $10,000 Appears to Be More Likely Than $5,000 – Bitcoin should continue to advance in a consolidating bull market, in our view, with maturation of the first-born crypto in the next decade the primary distinction vs. the current one.”

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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 in 2020: $10,000 Appears to Be More Likely Than $5,000 —#Bitcoin should continue to advance in a consolidating bull market, in our view, with maturation of the first-born crypto in the next decade the primary distinction vs. the current one. pic.twitter.com/JxEAhArwTf

— Mike McGlone (@mikemcglone11) December 19, 2019

Yesterday we set a new volume record:

6,226 physically delivered Bakkt Bitcoin Futures contracts traded at ICE Futures U.S.

— Bakkt (@Bakkt) December 19, 2019

Bitcoin More Likely to Hit $10K in 2020 than Dip to $5K

Three Main Reasons Why Bitcoin is Setting Up For a New Bull Rally

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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the world’s assets combined. So in the grand scheme of crypto, this is why many analyst believe we’re still so early.

“If Bitcoin captures just 5% of the market cap of other assets on this chart, it’ll be worth over $2M/coin.”

In other trending Bitcoin News today: Bitcoin bears lack ‘balls’ to continue selling into 2022!

BTC bears will probably be too “stoneless” to keep prices down much longer, fresh Bitcoin price analysis argues.

In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin’s recent 39% correction.

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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:

https://cryptopotato.com/rio-de-janeiros-mayor-to-invest-1-of-the-citys-treasury-in-bitcoin/.%20%20megalopolis

https://cointelegraph.com/news/analysts-expect-turbulent-bitcoin-price-until-46-500-flips-to-support