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

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“Bitcoin has been a monster from $1 to $11,000 and is now heading to $400,000”, says BTC pioneer Max Keiser, RT host of the Keiser Report.

When asked about a timeline for his bullish $400K Bitcoin price prediction, Max responded,

“It all depends upon how fast the dollar collapses, BTC has no top.”

Max says Bitcoin has no top because the US dollar has no bottom and when it comes to investing…

“You want hard money, something they can’t print.”

In other trending Bitcoin News today:

Apocalypse Survival Requires 1 BTC…

Says Joe Rogan Guest Celebrity and podcaster Adam Curry described the importance of Bitcoin to podcaster and comedian Joe Rogan.

He posited the asset’s importance amid an internet-based world which thrives on personal data sales, banking activities, and centralized control. 

“The apocalypse is coming, and you’re gonna need a Bitcoin — at least one,” Curry said in a Sept. 8 interview with Rogan.

“Are you a Bitcoin salesman, Adam Curry?” Rogan responded, put off at first by the comment. 

“I was very anti-Bitcoin, until I sold a s***load of them at like $900,” Curry said said, noting he acquired a stack of the asset in its early days. “I got them for nothing,” he said, adding: 

“People just gave them to me in the beginning and I denied it.”

He then referenced the industry’s progress over the last decade, including mention of altcoins. 

Rogan responded, opening an age-old can-of worms. He asked Curry why BTC remains in the number one go-to position among thousands of other crypto assets, wondering if another asset will overtake the asset’s spotlight. 

“Ten years of data have shown that Bitcoin really is the only one that you can trust,” Curry said, referring to the asset’s resistance against manipulation and its trail-blazing technical makeup. 

Much talk of a flippening — a digital asset overtaking Bitcoin’s market cap — has come and gone over the years, but no asset has yet achieved such a feat. 

In other Crypto news today:

BITCOIN CLOSING ABOVE THIS LEVEL COULD TRIGGER A MOVE BACK ABOVE $11,000

Bitcoin has flirted with a recovery ever since it hit $9,800 late last week.

The leading cryptocurrency currently trades at $10,250, but traded at both $9,900 and $10,400 over the past few days.

A crypto analyst believes that the cryptocurrency closing above $10,450 could trigger a recovery to $11,200. $11,200 is 9.2% above the current price and 7.1% above the validation point of this bullish theory.

“No candle has closed below 10.100 in 7 days, good work of the Spartans. Now bulls need to close above to 10.450 to “confirm” a up move to 11.2k.”

This trader isn’t the first to have assigned importance to the resistance in the $10,450 region.

A historically accurate analyst thinks that Bitcoin moving above $10,500 could trigger a textbook Wyckoff Accumulation pattern.

That pattern, should it play out, will take BTC back into the $11,000-12,000 range as the above analyst also suggested.

Analysts still think that macroeconomic trends favor Bitcoin’s growth in the longer run.

Mike McGlone, a senior commodity analyst at Bloomberg Intelligence, recently wrote on the matter of BTC’s price action:

“Gold at $1,900, Bitcoin $10,000 Return to Decisive Support Zone – Some overdue mean reversion in the stock market is pressuring most assets, but we expect gold and Bitcoin to come out ahead in most scenarios. Declining equity prices encourage more monetary and fiscal stimulus…”

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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:

BOOMERS had it easy. Plenty of jobs-low cost real estate-rising stock market. MILLENNIALS have it hard. 9/11, 2008 real estate crash-now Covid-19. Good news. Millennials tech savvy. Boomers not. Bitcoin-Block chain-Digital currencies give Millennials head start into the future.

— therealkiyosaki (@theRealKiyosaki) September 9, 2020

#Gold at $1,900, #Bitcoin $10,000 Return to Decisive Support Zone – Some overdue mean reversion in the stock market is pressuring most assets, but we expect gold and Bitcoin to come out ahead in most scenarios. Declining equity prices encourage more monetary and fiscal stimulus.. pic.twitter.com/8dkJ2vdkdg

— Mike McGlone (@mikemcglone11) September 9, 2020

Bitcoin Closing Above This Level Could Trigger a Move Back Above $11,000

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

Crypto analyst and YouTuber Tyler Swope believes that prevailing sentiment might drive traders into making a big mistake just before the market makes a huge move. 

In a new video, Swope tells his 247,000 subscribers that he believes bears are going to get left behind as Bitcoin gears up for the next leg of its market cycle.

“We are smack-dab in the middle of the bear trap, A.K.A. (also known as) we are still in the awareness phase of this hypercycle.”

In other trending Crypto News today: Crypto analyst Austin Arnold of Altcoin Daily is naming five of the most undervalued altcoins that he says are ripe for opportunities this new month.

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Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

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:

Here Are Five Undervalued Altcoins To Buy in June: Altcoin Daily

Here’s How Bitcoin Millionaires Are Playing the Crypto Market: Santiment

https://cointelegraph.com/news/pre-2019-bitcoins-now-make-up-just-44-of-the-btc-active-supply

➡️ Tap into OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Strategist Lyn Alden said she switched from “uninterested to quite bullish on Bitcoin” in 2020.

Following the drop of BTC to sub-$3,600 in March, she remains optimistic on the top cryptocurrency.

Alden, who found Lyn Alden Investment Strategy, wrote:

“So, I’m neither a perma-bull on Bitcoin at any price, or someone that dismisses it outright. As an investor in many asset classes, these are the three main reasons I switched from uninterested to quite bullish on Bitcoin early this year, and remain so today.”

The three reasons Alden laid out are scarcity, halving, and the potential of Bitcoin to act as a backdrop to inflation.

Reason# 1: Scarcity of Bitcoin

Unlike traditional financial assets, even gold, the supply of Bitcoin is fixed.

No more than 21 million BTC can ever exist, which makes Bitcoin a deflationary currency.

Scarcity could give Bitcoin value, Alden explains in her paper.

There are no central entities that could alter the monetary policy of BTC.

If the demand for Bitcoin continues to increase and its supply remains the same, it could push the value upwards.

She explained:

“Bitcoin’s protocol limits it to 21 million coins in total, which gives it scarcity, and therefore potentially gives it value… if there is demand for it.”

Reason #2: The May 11 halving

On May 11, the Bitcoin blockchain network underwent its third block reward halving.

Approximately every four years, a halving gets activated, slowing down the production of BTC by half. 

The purpose of a halving is to decrease the rate of BTC production gradually as Bitcoin approaches its maximum supply of 21 million.

A halving cuts block rewards miners receive by half, leading to a massive decline of miner revenues for a brief period.

Following every halving, Bitcoin historically saw extended price rallies.

The previous halvings occurred in 2012 and 2016.

At the time, BTC was hovering at $11 and $650 in 2012 and 2016 respectively.

Now, BTC remains above $9,000, after reaching a record high at $20,000 in December 2017.

Alden wrote:

“Bitcoin has historically performed extremely well during the 12-18 months after launch and after the first two halvings. The reduction in new supply or flow of coins, in the face of constant or growing demand for coins, unsurprisingly tends to push the price up.”

Reason #3: Backdrop of heightened levels of inflation

In May 2020, billionaire hedge fund investor Paul Tudor Jones praised Bitcoin and described it as “great speculation.”

Tudor Jones said he holds just over 1% of his net worth in Bitcoin.

He explained that the potential devaluation of cash strengthens the value proposition of BTC.

He said:

“Every day that goes by that bitcoin survives, the trust in it will go up.”

Similarly, Alden said that other hedge funds have been investing or experimenting with Bitcoin as of late.

“Smaller hedge funds have already been dabbling in Bitcoin, and Tudor Jones may be the largest investor to date to get into it. There are now firms that have services directed at getting institutional investors on board with Bitcoin, whether they be hedge funds, pensions, family offices, or RIA Firms.”

In other trending Bitcoin News today:

Institutional Demand For Bitcoin Soars As Grayscale Reveals Record-Breaking Near $1 Billion Quarter

New York-based Grayscale, which allows accredited investors to buy bitcoin and other major cryptocurrencies through its funds, recorded inflows of $905.8 million for its second quarter—nearly double the previous quarterly high of $503.7 million in the first three months of this year.

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Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

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://www.forbes.com/sites/billybambrough/2020/07/16/institutional-demand-for-bitcoin-soars-as-grayscale-reveals-record-breaking-near-1-billion-quarter/#7f0b39e61f57

https://cointelegraph.com/news/bitcoin-3-reasons-market-strategist-lyn-alden-is-increasingly-bullish