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

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“The Bitcoin price will skyrocket to $100,000 before 2023 comes to a close”, says the pseudonymous Crypto strategist who accurately forecasted the BTC price collapse from $11,600 to $6,400 in 2019.

Trader Dave the Wave is now marking the moment when he believes Bitcoin (BTC) will break out and begin its ascent to $100,000.

Dave tells his 37,000 Twitter followers that Bitcoin is slowly grinding up in an effort to take out its all-time high around $20,000.

“And the standard use of a technical pattern, known as the breakout of an ascending triangle, gives a target of 100K.”

Based on Dave’s chart, crypto enthusiasts would have to wait until the end of 2021 before Bitcoin catches fire and erupts.

The trader predicts that Bitcoin will skyrocket to $100,000 before 2023 comes to a close.

The crypto analyst also highlights that the slow climb will set the stage for a massive BTC explosion.

However, Dave acknowledges that just like any other prediction, his analysis can be wrong and BTC can surge to $100,000 ahead of 2023.

The trader shares a conversation that he had with PlanB, the first analyst to apply the controversial stock-to-flow model to Bitcoin.

In the thread, PlanB asked whether Dave’s model would be proven incorrect should Bitcoin climb above $100,000 before December 2021.

Says Dave….

“It would certainly be in extremis. The log growth curve could accommodate a brief spike to that price but price carrying on higher would invalidate/falsify the curve.”

In other trending Bitcoin News today:

World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin

Mainstream finance giants may hold more Bitcoin than you think.

The Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares.

It is considered the world’s largest sovereign wealth fund.

According to Arcane Research’s report on Sept. 19, the fund also owns almost 600 Bitcoin (BTC) through its investment holdings.

Arcane Research analysis data shows that the Norwegian oil fund has 577.6 BTC through its investment in business intelligence firm MicroStrategy.

This puts the company’s portfolio in BTC at around $6.3 million.

The Norwegian Government Pension Fund has a 1.51% stake in MicroStrategy.

Michael Saylor, MicroStrategy founder, said in a recent tweet that the company owns 38,250 BTC.   

“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.”

In addition, two other major investment advisory companies, BlackRock Fund Advisors and the Vanguard Group, have a 15.24% stake (5829.30 BTC) and a share of 11.72% (4482.90 BTC), respectively. 

BlackRock currently is the biggest shareholder in MicroStrategy, indirectly holding BTC.

The Vanguard Group is an American investment advisor with about $6.2 trillion in global assets under management (AUM) as of January 31, 2020.

It is the largest mutual funds provider and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock’s iShares.

BlackRock Fund Advisors, on the other hand, has $7.3 trillion in AUM. 

MicroStrategy has made a lot of headlines in the past few days as it announced a bold plan to invest in Bitcoin.

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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 considering network dominance in the crypto industry, I find it clarifying to separate crypto-asset networks like #Bitcoin from crypto-application networks like Ethereum & stablecoins. Bitcoin dominance has advanced from a low of 71.05% on December 20, 2017 to 93.57% today. pic.twitter.com/03cbWVyoLY

— Michael Saylor (@michael_saylor) September 20, 2020

https://cointelegraph.com/news/bitcoin-price-hits-1-week-low-as-us-dollar-currency-index-aims-higher

https://cointelegraph.com/news/worlds-largest-sovereign-wealth-fund-indirectly-holds-almost-600-bitcoin

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John McAfee doubles up his Bitcoin price prediction to $2 Million per BTC by end of 2020!

In the latest John McAfee interview he says,

“Run the f***ing numbers. If Bitcoin is less than $2 million by the end of 2020, then mathematics itself is a flawed disappointment.”

McAfee’s latest call for a $2 million Bitcoin by the end of 2020 may seem a bit far-fetched but hear him out.

Despite even the most optimistic models falling short of that value, here are five reasons why his prediction may not be so crazy.

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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.

News Resources From Today’s Show:

5 Reasons McAfee’s $2 Million Bitcoin Prediction May Not Be So Crazy

Bitcoin Price Still On Course For $100K In 2021, Confirms Analyst PlanB

Reports are surfacing that Venezuela is considering holding Bitcoin and Ethereum in their central bank reserves, while also using it to pay organizations.Every country will eventually do this.

Just a matter of time before the game theory kicks in 🔥https://t.co/oq29xQBtsd

— Pomp 🌪 (@APompliano) September 26, 2019

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BITCOIN COULD HIT $50,000 IF IT SECURES ALL-TIME HIGH!!

BTC is literally skyrocketing right now above $18,000. 

In the past 30 days the leading cryptocurrency has gained 60% which represents over $6,000 in gains.

Analysts are confident that further Bitcoin gains are on the horizon.

According to Mike McGlone, a senior commodity analyst or strategist at Bloomberg Intelligence, Bitcoin passing its previous all-time high at $20,000 will cause a large move higher.

McGlone went as far as to say that the cryptocurrency passing $20,000 per BTC could trigger a move to a $1 trillion market cap for all Bitcoin. 

This corresponds with approximately $50,000 per Bitcoin, a price $32,000 higher than the current BTC price point of $18,000.

“$20,000 Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap — The digital version of gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising…” 

Analysts think that Bitcoin moves beyond $50,000 in this market cycle, despite how impressive a rally to $50,000 would be. 

The Winklevoss Twins, the co-founders of Gemini and long-time BTC holders, recently stated that the cryptocurrency could pass $500,000 per coin in this market cycle:

“Inflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in Bitcoin will run the fastest, overtaking gold… 

Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially. Software is eating the world and gold is on the menu.”

In other trending Bitcoin News today:

“Mexico’s Second-Richest Man Invests 10% of His Liquid Portfolio in Bitcoin”

Ricardo Salinas Pliego, the second-wealthiest man in Mexico, has revealed that 10% of his “liquid portfolio” is invested in BTC.

The billionaire shared a video captured in “a Latin country” depicting banks throwing out garbage bags filled with paper money into a dumpster. 

He asserted that “paper money is worth nothing,” adding: “That is why it is always good to diversify our investment portfolio.”

The video appears to show bags of Venezuelan bolivars being thrown out, including 10,000 bolivar notes issued in 2016 and 2017 before the country redenominated its banknotes in 2018 amid an escalating inflation crisis.

Three hours later, Pliego then tweeted a recommendation for the book The Bitcoin Standard, asserting that “Bitcoin protects the citizen from government expropriation” and revealing his cryptocurrency investment:

“Today I recommend THE BITCOIN STANDARD, this book is the best and most important to understand Bitcoin. Bitcoin protects the citizen from government expropriation. Many people ask me if I have Bitcoins, YES. I have 10% of my liquid portfolio invested.”

Crypto Twitter reacted gleefully to the news that the world’s 166th-wealthiest citizen is significantly invested in Bitcoin, with Kraken’s Dan Held proclaiming , “The institutional herd is stampeding.”

Pliego responded to Held, saying that institutional adoption had manifested gradually since the launch of Grayscale’s Bitcoin Investment Trust in 2016.

Pliego was born in 1955 in Mexico City and is the founder and chairman of Grupo Salinas, which owns businesses in media, telecommunications, finance and retail.

Salinas is also the chairman of TV Azteca, the second-largest producer of Spanish-language programming worldwide, and the second-largest media company in Mexico.

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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:

Mexico’s third richest man, owner of a media conglomerate, a bank, with the ear of the Mexican President, just disclosed his 10% BTC position, shilling @saifedean‘s “The Bitcoin Standard” in the process.

“Bitcoin protects the common citizen against government expropriation.” https://t.co/DEAUcuxFki

— David Puell (@kenoshaking) November 18, 2020

Offers getting pulled, as I predicted. There’s nothing of size for sale. $20,000 will come and go in a heartbeat. Nothing but air above that. $28,000 in play. #Bitcoin

— Max Keiser (@maxkeiser) November 17, 2020

$20,000 #Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap —
The digital version of #gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising.. pic.twitter.com/m4JSt5G09N

— Mike McGlone (@mikemcglone11) November 16, 2020

#bitcoin $18K. Big difference with 2017 is that most BTC sold today will never see the daylight again, they disappear into deep cold storage. Buyers today are professionals with long term vision and staying power. pic.twitter.com/Ght9LGlfSV

— PlanB (@100trillionUSD) November 18, 2020

The Primary Hurdle Toward $50,000 Bitcoin Is the $20,000 All-Time High

https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin

https://cointelegraph.com/news/why-bitcoin-price-just-flash-crashed-6-after-rejecting-at-18-5k