John McAFee Calls His Own John McAFee Calls His Own $1 Million Bitcoin Price Prediction in 2020 a ‘Ruse’ to Attract New Users Million Bitcoin Price Prediction in 2020 a ‘Ruse’ to Attract New Users

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Real Vision CEO and macro investor Raoul Pal is predicting that Bitcoin could more than triple in value from the current price, while Ethereum could nearly quadruple.

“This is not a certainty. It is a probabilistic outcome. For me, $20k ETH and $200k BTC is a shoe in (70% + chance)”

Pal says that currently, Bitcoin is replicating the price behavior it displayed in 2013: “BTC continues to follow 2013 very well.”

The Real Vision founder also says that there’s a “decent chance” that the current Bitcoin bull cycle could play out for a longer period than previous ones resulting in a Bitcoin price closer to $400K with an Ethereum price of $40,000.

In other trending Bitcoin News today: Analyst Suggests Bitcoin’s Bottom Could Be $50K Assuming BTC Surpasses $200K This Cycle!

“If we apply that same area to the current rant, we get an end-of-cycle target for Bitcoin between $207,000 and $270,000,” the analyst adds. Following the end cycle outlook, Bennett details that the last three bear markets that followed the bull cycles have “produced corrections of 94%, 87%, and 84% respectively.”

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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/analyst-suggests-bitcoins-bottom-could-be-50k-assuming-btc-surpasses-200k-this-cycle/

https://cryptopotato.com/weekend-status-quo-bitcoin-stable-amid-60k-eth-maintains-4k-market-watch/

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Bitcoin could nail the now-popular $98,000 BTC price target – but it could end up being the cycle top, new research argues.

In its “October 2021 Market Recap & Outlook,” major United States exchange Kraken said that Bitcoin should reach around $96,000 if this quarter copies the last bull run.

“At the current pace, 4Q is trending most similarly to 4Q2017 with a correlation of 0.88. It should be noted that 4Q2017 went on to become Bitcoin’s third best 4Q on record with a return of +220%,” Kraken wrote.

“Assuming BTC continues to follow in the footsteps of 4Q2017, we could expect BTC to rally even higher into month end. For some context, a +220% in 4Q2021 would imply a price of $96,355 for BTC.”

In other trending Bitcoin News today: Apple CEO Tim Cook confirms owning both Bitcoin and Ethereum and says…

“It’s reasonable to own it as a part of a diversified portfolio. I been interested in it for a while, I been researching it and so forth and so I think it’s interesting.”

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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/bitcoin-to-hit-250k-in-january-2022-but-invalidate-s2fx-btc-price-model-new-prediction

https://cointelegraph.com/news/bitcoin-price-briefly-hits-69k-ath-before-plummeting-back-to-earth

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

Bitcoin (BTC) and other top crypto assets are trading far from their all-time highs.

According to data from TradingView, BTC is trading more than 50% below its all-time high, while Ethereum is down nearly 85%.

Most altcoins have registered even worst performances than the two market leaders, crushed as large players cashed out of the market during the 2017/2018 bubble.

Yet this hasn’t stopped investors from speculating where this nascent market could end up once the next market cycle peaks.

CRYPTO COULD HIT $10 TRILLION AS RETAIL MONEY FLOODS IN

According to Joseph Todaro — managing partner of crypto-centric fund Blocktown Capital — the crypto market’s capitalization could reach over $10 trillion in the next cycle as “retail money really starts flowing back in.”

$10 trillion is approximately 4,000% higher than the current aggregate value of digital assets at around $270 billion.

“When retail money really starts flowing back into crypto I wouldn’t be surprised to see a $10T+ market top”

In context, $10 trillion is a fair sum of value in the grand scheme of things.

Blockforce Capital chief executive Eric Ervin shared the chart below on June 9th, showing that the total market capitalization of the S&P 500 is $27.8 trillion.

At $10 trillion, crypto would be just over one-third of the current value of some of the most valuable companies in the world, including Apple, Microsoft, Facebook, and Amazon. $10 trillion is also around 50% of the U.S.’s national GDP in 2019 or around 10-12% of the global GDP.

Importantly, though, just because crypto’s market cap may reach $10 trillion may not mean that $10 trillion greenbacks have been deposited into Bitcoin exchanges.

Due to what is known as a fiat amplifier, which means that $1 worth of Bitcoin purchased may push up its market cap by more than $1, a $10 trillion industry may not be as hard to achieve as some may expect.

The expectation is that all cryptocurrencies will rally in the upcoming market cycle, but prominent names in the space expect the gains to be concentrated in Bitcoin.

Raoul Pal, chief executive of Real Vision and a former Goldman Sachs executive, has spoken on the matter on a number of occasions.

The investment veteran has said that he sees a world of cryptocurrency and blockchain as the future, but sees Bitcoin as the “call option” on that potential world coming to fruition.

That’s to say, if cryptocurrencies go mainstream, BTC will likely be the one leading the charge.

In other trending Bitcoin News today:

Bombshell Report Shows 36% of Institutional Investors Already Own Crypto Assets Such As Bitcoin and Ethereum

A new survey from the global asset management giant Fidelity shows 36% of institutional investors already own crypto assets.

Four out of five investors who are not yet in the market say they’re interested in holding cryptocurrency in the future and find at least one aspect of the emerging technology appealing.

“Almost 80% of institutional investors find something appealing about digital assets, with the three almost equally compelling characteristics across U.S. and European investors being: uncorrelated to other asset classes (36%); an innovative technology play (34%); and high potential upside (33%).”

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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:

When retail money really starts flowing back into crypto I wouldn’t be surprised to see a $10T+ market top

— Joseph Todaro (@JosephTodaro_) June 10, 2020

Fund Manager: Crypto Could Soon Rally 4,000% to a $10 Trillion Market Cap

https://cointelegraph.com/news/report-less-than-6-accounts-control-80-of-wealth-on-top-stablecoins