John McAfee Bitcoin Prediction 2020 #post_titleM-M Math | BTC Halving | Running For President

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Pantera: Bitcoin in Early Stages of Large Bull Market Fueled by Powerful Macro Tide – Here’s How High THE BTC PRICE Could Go This Cycle

Executives at the crypto-focused venture firm Pantera Capital think future inflation will drive up the prices of Bitcoin and other crypto assets.

In a new market report, Dan Morehead, Pantera’s CEO and co-chief investment officer, and Joey Krug, the firm’s other co-chief investment officer, highlight the Federal Reserve’s new policy of allowing inflation to support the labor market, which they say is going to kick off a new bull run for digital assets.

“Assets such as gold which have not been impaired by the pandemic are rising even faster. Gold is at a 5,000-year high. Or, said another way, paper money is at an all-time low. However, the best performing assets are ones which have both fixed-supply and improved usage/fundamentals – like cryptocurrency.

Cryptocurrency has out-performed most/all other asset classes this year. We strongly believe we are in the early stages of a large bull market fueled by both a powerful global macro tide and growing fundamentals in the underlying technology.”

Morehead has placed his BTC price target at $115,000, which he thinks will likely happen by next summer.

Despite their confidence, however, they still warn that Bitcoin is volatile and risky, and remains a “massive hype cycle roller coaster.”

In terms of their own investments, Pantera recently sunk money into YFI and Terra (LUNA), according to the executives.

YFI is a two-month-old governance token for the decentralized finance (DeFi) protocol yearn.finance.

The asset has been largely immune to the September slump that plagued other cryptocurrencies and is trading at almost $40,000 at time of writing, according to CoinMarketCap.

Terra is a network of stablecoins pegged to some of the world’s major currencies. LUNA, Terra’s native staking asset, can be traded or staked to earn rewards in the network generated from transaction fees.

It is trading around $0.32 at time of writing.

In other tending Bitcoin News today:

Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase

“On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.”

This follows an update the company provided the SEC about its bitcoin investment plan.

In the filing dated Sept. 11, the Nasdaq-listed company revealed that its board of directors has adopted a new Treasury Reserve Policy “that updated the company’s treasury management and capital allocation strategies.”

Under this new policy, the company’s treasury reserve will consist of two types of assets.

The first type comprises “cash, cash equivalents, and short-term investments … held by the company that exceed working capital needs.”

The second type consists of “bitcoin held by the company, with bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for cash assets, including future potential share repurchase activity.”

Microstrategy clarified:

“As a result of this new policy, the company’s holdings of bitcoin may increase beyond the $250 million investment.”

Michael Saylor, Microstrategy’s CEO, has not always been pro-bitcoin.

He tweeted back in 2013: “Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.”

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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:

On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.

— Michael Saylor (@michael_saylor) September 15, 2020

Apparently there is some kind of bitcoin buying race between MicroStrategy and @Grayscale

Game on

— Barry Silbert (@barrysilbert) September 15, 2020

MicroStrategy is adopting a #bitcoin standard. Other companies will follow. Finally, central banks will follow (Switzerland likely to be the first.) A new gold standard for the digital age. A neutral store-of-value will create more check and balances for governments.

— Datavetaren (@Datavetaren) September 16, 2020

https://news.bitcoin.com/nasdaq-microstrategy-bitcoin-425-million/

https://cointelegraph.com/news/other-companies-will-follow-mstr-stock-up-9-after-buying-bitcoin

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

Pantera Capital founder Dan Morehead is anticipating a $700,000 Bitcoin price on the heels of rising adoption rates. Launched in 2013, Pantera Capital is a crypto asset management firm that currently oversees more than $2.8 billion in assets.

In an interview on Yahoo Finance Live, Morehead outlines his bullish thesis, saying that the top crypto asset could hit $700,000 once everyone with a smartphone connects to the BTC network.

“We did a study showing the number of people using Bitcoin over the years and [the] price of Bitcoin. Both of those data series went up by an order of magnitude every two years. If that kept going, that would put Bitcoin at $700,000 when everybody with a smartphone uses it. Ten years’ time is a reasonable forecast.”

In other trending Bitcoin News today: $45B Asset Manager GoldenTree Has Reportedly Bought Bitcoin

The number of large institutions accumulating BTC continues to increase, with the latest example coming from GoldenTree.

GoldenTree Asset Management, a US asset management giant with $45B in AUM, has reportedly purchased portions of the primary cryptocurrency. The move aims to diversify some of the organization’s already existing strategies.

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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://cryptopotato.com/45b-asset-manager-goldentree-has-reportedly-bought-bitcoin/

https://cointelegraph.com/news/traders-forecast-3k-ethereum-price-but-derivatives-data-suggests-otherwise

https://cointelegraph.com/news/bitcoin-records-rare-10-day-winning-streak-as-btc-price-taps-42k-ceiling

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As Bitcoin (BTC) enters another bull-and-bear fight, ranging between $7,800 and $8,200, Crypto Twitter traders are warming up to a bullish attitude.

Leading social media names have returned with a bullish attitude to Bitcoin price moves, as the coin is now battling out new support levels.

This BTC price analysis today includes Fundstrats Thomas Lee who tweeted:

“We published our 2020 Crypto outlook and made the full report available for our clients.

– bottom line: financial markets tend to discount 1-3 months, and maybe 6 months (max).

So highest probability is halvening not priced in.”

Here’s a glimpse from Tom Lee’s report:

“2020 Outlook: 3 Positive Convergences Halving + Geopolitical risk +2020 Elections = 100%+ return for Crypto Bitcoin returned 92% in 2019, trouncing all other major asset classes, an impressive return given the significant policy and regulatory headwinds that emerged in 2019 – the Congressional blowback form Facebook’s Libra and the correlated White House bashing of Bitcoin marked the highs for 2019. For 2020, we see several positive convergences that enhance the use case and also the economic model for Crypto and Bitcoin – thus, we believe Bitcoin and Crypto total return should exceed that of 2019. In other words, we see strong probability that Bitcoin gains 100%+ in 2020.”

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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:

In a nutshell, I’m expecting a bullish run in BTC lead by LTC as a confirmation signal.

— Willy Woo (@woonomic) January 10, 2020

$BTC UpdatePrice bounced and closed at support Watching for a potential new range to develop above the previous range

Price doesn’t look bad and held where it needed – trade the ranges and be patient, stop worrying about $5k or $10k right now pic.twitter.com/73lFubZVqa

— Josh Rager 📈 (@Josh_Rager) January 10, 2020

I’m out surfing right now so I’m not looking at the charts but a quick scope of Twitter shows me all I need to know.Bear cope & more bear cope.I’ll be bearish the moment we start closing below 7500, not when BTC is retesting it’s neckline.

Still long & strong.

— DonAlt (@CryptoDonAlt) January 9, 2020

5 Top Crypto Twitter Traders Are Bullish on Bitcoin Right Now