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Widely-followed crypto analyst Michaël van de Poppe is suggesting the bottom is in on Bitcoin, Ethereum, and Vechain, while telling prospective altcoin investors that the best time to buy might be now.
The popular crypto analyst also shares a reminder with the following peak high bull cycle predictions:
âBitcoin to $350,000-450,000
Ethereum to $10,000-17,500
Polkadot to $250-350
Chainlink to $250-350
Cardano to $10-20
Zilliqa to $5-7
Elrond to $500-750
DIA to $50-75
Some might be conservative.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://cointelegraph.com/news/happy-bearday-bitcoin-it-s-been-3-years-since-btc-bottomed-at-3-1k
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FUTURES-BASED BITCOIN ETF HAS â75% CHANCE OF APPROVALâ IN OCTOBER, SAYS BLOOMBERG SENIOR ETF ANALYST
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A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month â in some form.
In comments this weekend, Eric Balchunas, senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were âlikely on scheduleâ for the regulatory green light.
âYes, the SEC has kicked can on bitcoin ETF approval BUT that is for the physically-backed ones under â33 Act. The futures ETFs filed under the â40 Act (which Genz loves) are very much alive and likely on schedule (we think 75% chance approved in Oct).â
In other trending Bitcoin News today: The Analyst That Nailed Aug and Sep Bitcoin Closing Price Predicts BTC at $63K in October.
PlanBâs BTC predictions for August and September were spot on and his October closing price sees bitcoin tapping $63,000.
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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.
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Tim Draper Says 0K Bitcoin Price Forecast 'Still' On Track! | Bullish BTC Signal Flashes Again
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Bitcoin price topped $10,000 in February before dropping below $4,000 last month as investors and the financial markets reacted to the coronavirus pandemic.
Despite the plunge and ongoing macro economic turmoil, billionaire investor Tim Draper remains bullish on the BTC price.
In an interview with Chinese news outlet Bitpush, Draper, who runs venture capital firm Draper Fisher Jurvetson, warns that prolonged isolation due to widespread lockdowns threatens to aggravate the disease-induced financial crisis.
He also shares his thoughts on the projected V-shaped economic recovery, which would see the United States making a quick rebound from its current slump.
âIf the government continues to keep people isolated at home for another two weeks, the economic V-shaped trend that everyone discusses will not happen, and the recession may be worse than the virus at that time.â
For investors navigating the volatile equities markets, Draper believes itâs not the best time to buy US stocks.
But thatâs not his position on Bitcoin (BTC). The billionaire says he stands behind his long-standing prediction that the king coin is on track to reach $250,000 by 2022 or early 2023, despite the black swan pandemic that crashed the markets.
While crypto users anticipate the Bitcoin halving in May to limit the supply of new BTC and drive a bull run, Draper says the event is just half of the story.
âIf the US dollar depreciates because of large-scale printing of money in the United States, and people know that gold is no longer worth buying, then Bitcoin is a safe haven.â
The crypto investor likewise sees a silver lining in the current situation.
During a bull market, Draper argues, people are not typically open to change, but the current pandemic is driving a shift in habits, as people look for better, cheaper and faster alternatives in banking, healthcare and other industries.
He believes the crisis could trigger the adoption of new technologies such as blockchain, smart contracts and Bitcoin.
âOnce people realize that the government is saving the market by devaluing fiat currencies, they will begin to accept the use of Bitcoin. People will realize that Bitcoin is more open, transparent, smoother, more valuable and more replaceable than the US dollar, peso, naira or drachma.â
Last Time This Signal Flashed, Crypto Rallied By 50%.
Itâs Back Again According to a Bloomberg report published April 3rd, Bitcoin recently pushed above a key technical resistance, allowing the DVAN Buying and Selling Pressure Gauge to print a âpositive divergence and a buy signal.â
To add to this, Bloomberg noted earlier this week that the âGTI Vera Convergence Divergence Indicator, which measures up and down shifts,â suggests the Bloomberg Galaxy Crypto Index â comprised of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, and EOS â âflashed its first buy signal in over three months.â
Both indicators flashing buy signals preceded the 50% rally seen in the price of Bitcoin and most other cryptocurrencies that transpired from mid-December to February.
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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:
Last Time This Signal Flashed, Crypto Rallied By 50%. Itâs Back Again
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COMPREHENSIVE ANALYSIS PREDICTS 8K BITCOIN PRICE!! BTC IS A BETTER GOLD THAN GOLD ITSELF!!
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A new, comprehensive analysis has predicted the price of bitcoin to reach almost $20K this year and will keep rising to almost $400K by 2030.
The researchers have also predicted the future prices of several other major cryptocurrencies, including bitcoin cash, ethereum, and litecoin.
âThe equation of exchange model is an absolute approach to valuing crypto assets,â the report begins.
âThis means that the model gives a target price that crypto assets should be priced at based on assumptions regarding changes in supply and demand.â
Noting that âThe absolute valuation approach is inspired by Millâs equation of exchange, later formulated by Irving Fisher,â the CRR team detailed:
In this model, the percentage of the total addressable market (TAM) can be used to estimate a crypto assetâs implied future price.
After examining âall the variables and addressable markets,â the CRR researchers arrived at future price estimates for BTC, ETH, LTC, BCH, and XLM.
They expect the price of bitcoin to rise to $19,044 in 2020, $341,000 in 2025, and $397,727 in 2030.
Ethereumâs price is expected to reach $331, $3,549, and $3,644 respectively while bitcoin cashâs price should climb to $414, $6,690, and $13,016 during the same time periods.
The target addressable market for all cryptocurrencies today is approximately $212 trillion, the report notes.
It includes unit of account and medium of exchange, consumer loans, offshore accounts, reserve currency, store of value, online transactions, remittance, micropayments, unbanked, gaming, crypto trading, ICO funding, and STO funding.
The largest use case for cryptocurrencies is as a medium of exchange, the CRR research team found, elaborating:
We believe that bitcoin is still at the very start of its adoption curve. The price of $7,200 at the end of 2019 suggests that bitcoin has penetrated less than 0.44% of its total addressable markets.
If this penetration manages to reach 10%, its non-discounted utility price should reach nearly $400,000.
The CRR analysis estimates that there are more than 40 million cryptocurrency users globally, and the number of crypto users in a country is positively correlated to the countryâs GDP per capita.
High GDP means more cryptocurrency adoption in the country.
Furthermore, âOn-chain velocity for most coins is decreasing, while off-chain velocity is increasing, currently at an all-time high,â the report highlights, discussing in-depth how speculation and savings outpace all other uses of cryptocurrencies.
They provided âevidence that growth in speculative transactions on exchanges is faster than the growth in using cryptocurrencies to buy goods and services.â
In other trending Bitcoin News today:
Bitcoin Is A Better Gold Than Gold Itself, Says Tyler Winklevoss
According to Tyler Winklevoss, co-founder of the Gemini crypto exchange, Bitcoin beats gold at its own game.Â
âBitcoin is better at being gold than gold â and not just incrementally, but by an order of magnitude or 10X better,â Winklevoss said in a Sept. 21 tweet. Â
Over the last decade or so, Bitcoin has risen dramatically in price, surpassing numerous landmark price comparisons along the way.
For many, it is now seen more as a store of value than a transactional currency, and the public often compares the digital coin against gold; a time-tested method of value storage used for thousands of years.
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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://news.bitcoin.com/bitcoin-price-20k-2020-398k-2030/
https://cointelegraph.com/news/bitcoin-is-a-better-gold-than-gold-itself-tyler-winklevoss-says
https://cointelegraph.com/news/new-report-says-bitcoin-price-in-more-sustainable-uptrend-than-2019
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