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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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Bitcoin Billionaires Blast Goldman Sachs After Financial Giant Says BTC Not a Viable Investment
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Goldman Sachs just wrapped up a highly anticipated investor call that focused, in part, on its outlook for Bitcoin (BTC).
The investing giant is not impressed with increasing institutional investments in cryptocurrency and says the digital assets do not âconstitute a viable investment rationale.â
Goldman says BTC is not an asset class because it canât create a cash flow, as bonds do. According to the analysts, the worldâs leading cryptocurrency has a number of other factors working against it: it does not generate earnings through exposure to economic growth; it has not proved itself to be a reliable hedge against inflation; and it has been used to facilitate money laundering and purchases on the dark web.
Billionaire Bitcoin entrepreneurs and co-founders of the crypto exchange Gemini quickly responded.
Tyler Winklevoss says Goldman may not have the moral high ground when it comes to the illicit use of capital.
âGoldman Sachs: In 2019, $2.8 billion in Bitcoin was sent to currency exchanges from criminal entities. Fun Fact: Goldman Sachs facilitated $6 billion in money laundering via 1MDB scandal between 2012-13. Double standard much?â
According to a report published last year by the United Nations Office on Drugs and Crime, banks carry the torch for the money laundering industry.
Cameron Winklevoss also points to Bitcoinâs official status as a commodity, implying its researchers need to get with the times.
âHey Goldman Sachs, 2014 just called and asked for their talking points back. Bitcoin was declared a commodity by the CFTC in 2015 in the Coinflip orderâŠso yea itâs an asset whose price is set by supply and demand. Just like gold. Just like oil. Itâs a commodity.â
The Winklevoss twins, who are strong advocates for a smart global regulatory framework for blockchain and crypto technology, did not stop there.
Here are a few additional hot takes from their ongoing tweetstorm.
âGoldman Sachs: We do not recommend bitcoin on a strategic or tactical basis for clientsâ investment portfolios⊠Google Translate: We donât want our clients to buy bitcoin and realize they donât need us anymore.â
âPaul Tudor Jones isnât waiting around for approval from the establishment to buy bitcoin. And neither should you. Do your own research, build your own conviction, avoid groupthink.â
âGoldman Sachs aka Bankers aka Wall Street still donât get (or want to get) Bitcoin. Itâs ok, because everyone else does.â
âBitcoin does ânot generate cash flow like bonds.â Because itâs not a bond. And the sky is blue.â
Goldmanâs report also addresses the economy as a whole, saying global markets have hit a bottom and have not entered into a depression.
However, the firmâs analysts say âsignificant uncertaintyâ on the path to recovery remain, centered on the question of whether people who have been laid off will be able to get their jobs back.
In other trending Bitcoin News today:
Crucial Fundamental Data Shows Bitcoin Will Break Out of $10,500
Resistance Analyst Nunya Bizniz recently noted that Bitcoin is currently trading below a crucial resistance level at $9,200.
The technical level he indicated marked three previous highs, one in July, one in August, and one in February of this year.
âThe VWAP anchored to June 26th high has been formidable resistance. Flirting with it again. Note: All breaks above the AVWAP have always resulted in lower highs. A close above $9,944 would change that,â the analyst commented.
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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:
Goldman Sachs: In 2019, $2.8 billion in Bitcoin was sent to currency exchanges from criminal entities.Fun Fact: Goldman Sachs facilitated $6 billion in money laundering via 1MDB scandal between 2012-13.
Double standard much?
â Tyler Winklevoss (@tylerwinklevoss) May 27, 2020
Goldman Sachs is a large organization with many different divisions. The Wealth Management division’s opinion on Bitcoin & Crypto doesn’t necessarily reflect the company’s view pic.twitter.com/PpmYrRLkAy
â Ethan Vera (@ethan_vera) May 27, 2020
Crucial Fundamental Data Shows Bitcoin Will Break Out of $10,500 Resistance
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WALMART TO ACCEPT BITCOIN PAYMENTS?!! NOW HIRING âCRYPTO LEADâ TO DRIVE DIGITAL CURRENCY STRATEGY!!!
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Walmart, the worldâs largest retailer, to start accepting Bitcoin and crypto payments soon?!
Hereâs what we know: Walmart is hiring a âdigital currency and cryptocurrency product lead.â The company says it âenables broad set of payment options for its customersâ and is developing a âdigital currency strategy and product roadmap.â
In the listing for the role, Walmart indicates it is looking for someone who has a track record in leading and scaling businesses, with at least 10 years of experience in product/program management and technology-based product commercialization. The ideal candidate would have expertise in cryptocurrencies and blockchain-related technologies and in-depth knowledge of the crypto ecosystem and its core actors.
In other trending Bitcoin News today: Majority of Worldâs Top Banks Are Investing in Crypto and Blockchain Companies
A new report from blockchain research firm Blockdata suggests that over half of the worldâs biggest banks are getting exposure in crypto and blockchain companies.
The firm says that out of the 100 biggest banks by assets under management (AUM), 55 of them have investments in crypto or blockchain-related businesses, either directly or through subsidiaries.
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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/walmart-seeks-crypto-product-lead-to-drive-digital-currency-strategy
https://news.bitcoin.com/wolf-of-all-streets-trader-bitcoin-100k-within-6-to-12-months/
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BITCOIN CAN HIT $147K BY MID-MAY IF BTC REPEATS THIS PATTERN!! ETHEREUM (ETH) BULLISH PRICE TARGET!!
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âIf Bitcoin repeats the pattern after the last consolidation â we could see $147k BTC price by mid-Mayâ, the Bitcoin Archive shared on Twitter to its 119,000 crypto followers.
In other trending Bitcoin News today:
Michaël van de Poppe Unveils Bullish Price Target for Ethereum, Says Bitcoin Must Remain Above Crucial Breaker
In a new tweet, Van de Poppe says that as long as Bitcoin can remain above the $61,000 range, he believes the asset is set to keep climbing towards new all-time highs and also says that Ethereum looks primed to continue breaking out against BTC. If it follows his anticipated trajectory, ETH will hit $4,000 or higher this summer.
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Trezor: âș http://trezor.cryptonewsalerts.net
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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 is the most important asset every created. If I had to choose one thing to hold, it would be $BTC.
That said, if you are a TRADER (not investor), the disproportionate upside from this point is likely in altcoins. They are far more likely to make you insanely wealthy.
â The Wolf Of All Streets (@scottmelker) April 14, 2021
https://cointelegraph.com/news/switzerland-s-largest-insurer-axa-starts-accepting-bitcoin-as-payment
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