JOHN MCAFEE: ‘I Never Cared About The Price of Bitcoin (BTC)’ | Exclusive Interview

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Bitcoin Price Just Surpassed $9,000: It Means a Full-Blown Crypto Rally is Just Beginning

BTC price prediction models vary greatly but one analyst that has been correct on numerous occasions has plotted a path to $70,000 Bitcoin (BTC) by the end of the year.

Popular crypto twitter commentator, ‘Whale Panda’, pulled up a Bitcoin price prediction chart drawn back in 2018 by Tradingview user, PentarhUdi.

Despite being over 2 years old, PentarhUdi’s work predicted the BTC price movements to date flawlessly.

The crypto capitulation in December 2018 was predicted as BTC fell to $3,200.

The top of around $14k in the middle of last year was correctly called, as was the 50% pullback into the $6k region.

His prediction for Bitcoin price at the moment is spot on at just below $9k.

If that uncanny accuracy continues to apply Bitcoin should continue to climb throughout the year, breaking its all-time high in June just after the halving.

Following that, prices could blast all the way up to $70k by the end of 2020.

Several aspects could influence such a move including the BTC halving which many assert has not been factored into current prices.

Add to that the premise of further geopolitical and economic tensions and there is the recipe for a bull market. Once bitcoin reaches the five figure level again the FOMO will escalate and new capital should start flowing in.

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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:

$BTC UptrendFixed range Volume Profile shows the importance of Point of Control (POC) for a major range to act as support 2018 POC held as support at $6,400sIMO, we should see the 2019 POC act as support at $10,100

= Price should stay above $10,100 on its way to new ATH pic.twitter.com/VkpUYqTYrO

— Josh Rager 📈 (@Josh_Rager) January 17, 2020

📈 $BTC Mean Hash Rate (1d MA) just reached 1-year high of 125,058,646,627,207,626,752.000(Previous 1-year high of 122,916,246,977,853,194,240.000 was observed on 05 January 2020)

View metric:https://t.co/8zrAyUe7NJ pic.twitter.com/cHSg2O7Iru

— glassnode alerts (@glassnodealerts) January 17, 2020

Notable underperformance if looking at returns of the days preceding the week before New Year. i.e. for 2020, Daily Avg 5 days preceding NY-7 would represent the daily average return between Jan/12 and Jan/17.Something to watch out for in 2021.

h/t @MapleLeafCap pic.twitter.com/C3uI0Wm7TK

— Alex Krüger (@krugermacro) January 17, 2020

Bitcoin Price Should Stay Above $10,100 On Its Way To ATH

How Bitcoin Could Hit $70,000 By The End Of 2020

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Popular on-chain analyst Willy Woo says that Bitcoin is poised to hit the six-digit price range once its retracement is over.

According to Woo, his top model is flashing a new price target for Bitcoin at $157,000. However, he predicts that once Bitcoin resumes its bull trend, he expects the model to hike up the price target.

“If we squeeze out of this accumulation band like I’m expecting, I would say that we will start curving upwards into the $250,000 to $350,000 range. Sounds a bit ludicrous right now, but that’s what the model says.”

In other trending Bitcoin News today: 10X User Growth in Sight by 2022 for Emerging Crypto Sector, Says Venture Capital Head!

Successful crypto-focused venture capitalist Arthur Cheong is making some bullish predictions for Ethereum and the decentralized finance (DeFi) sector for the rest of 2021.

He predicts that by the end of the year, the number of DeFi users could multiply between five and 10 times, pending scaling solutions.

“I’m looking forward to this crossing 5 million and 10 million probably by the end of the year. I think it’s possible if we have a very successful scalin

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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 Showing Signs of Potential Bounce: Crypto Analytics Firm Santiment

https://cointelegraph.com/news/brazilian-securities-regulator-approves-ether-etf

https://cointelegraph.com/news/bitcoin-price-can-only-go-up-if-30k-accumulation-reset-continues-research

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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.

“The equation of exchange model is an absolute approach to valuing crypto assets,” the report begins.

“This means that the model gives a target price that crypto assets should be priced at based on assumptions regarding changes in supply and demand.”

Noting that “The absolute valuation approach is inspired by Mill’s equation of exchange, later formulated by Irving Fisher,” the CRR team detailed:

In this model, the percentage of the total addressable market (TAM) can be used to estimate a crypto asset’s implied future price.

After examining “all the variables and addressable markets,” 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.

Ethereum’s price is expected to reach $331, $3,549, and $3,644 respectively while bitcoin cash’s 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 country’s GDP per capita.

High GDP means more cryptocurrency adoption in the country.

Furthermore, “On-chain velocity for most coins is decreasing, while off-chain velocity is increasing, currently at an all-time high,” the report highlights, discussing in-depth how speculation and savings outpace all other uses of cryptocurrencies.

They provided “evidence that growth in speculative transactions on exchanges is faster than the growth in using cryptocurrencies to buy goods and services.”

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. 

“Bitcoin is better at being gold than gold — and not just incrementally, but by an order of magnitude or 10X better,” Winklevoss said in a Sept. 21 tweet.  

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