John McAfee: MILLION BITCOIN PRICE BY END OF 2020!!! | 5 Reasons Why!

➡️ $274 Million Secret: Larry Benedict Live Event (REPLAY)
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Bitcoin (BTC) bulls estimate that the bitcoin price of each coin could hit $20,000 very soon thanks to rising demand.

But there are some who believe that the BTC price could very well go on to hit 6-figures in the future, including Morgan Creek Digital CEO Mark Yusko.

In a recent interview, Yusko said that the price of Bitcoin could eventually hit $500,000 thanks to its scarce supply, increasing demand, and advantages over a safe-haven investment such as gold.

According to Yusko, there’s $7.4 trillion worth of gold in the world.

He believes that bitcoin is a much better asset than gold because it can be transferred easily and divided into smaller parts.

To arrive at his forecast, Yusko equated the gold market’s value to that of the digital asset. He said:

“So if we get the amount of value in total Bitcoin market value or network value equal to gold, that’d be about $7.4 trillion divided by 21 million coins, although there aren’t really 21 million left, and you get around $400,000 a coin, maybe $500,000 a coin. Now, when does that happen? It’s probably over a decade or maybe even more.”

Another Bitcoin bull John McAfee recently shared on Crypto Twitter:

“In 5 years BTC is up 4082.52% in last 52 weeks it’s up 129.10% in the last month it’s up 10.33% & last 5 day’s its up 1.71%. Fuck FIAT”

In other BTC news today, the Bitcoin price still has potential to dive to $5,500, yet macro uptrend still intact.

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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:

the golden cross is here for 2020 but it still might dive 5.4-5.6k (0.786 Fib), unless we start closing weekly 8k+I wouldn’t mind cheap ₿₿₿ for Christmas personally🎅🎁Reminder:

Decembers have almost always provided us with extremes and pivots. U ready for when it comes? pic.twitter.com/XFk6ORaZbH

— Crypto₿irb (@crypto_birb) December 14, 2019

In a period where: —political tensions escalate between US and China, —global equity markets fall sharply—VIX largest spike in many months

—global yield curves flatten/invert#bitcoin has RISEN and >$6,000

Crypto showing its value as an uncorrelated asset.

— Thomas Lee (@fundstrat) May 9, 2019

One other clue that we use to determine this, especially in channels, is the ability for price to leave the channel on these climaxes. See here for the example of $BTC when it hit the top after it’s markup.Price leaves the channelVolume is huge

Wyckoff clues say top pic.twitter.com/KPVHUYpgB9

— Cold Blooded Shiller (@ColdBloodShill) December 7, 2019

https://www.ccn.com/bitcoin-price-500000-beats-gold-mark-yusko/

➡️ TEEKA TIWARI – The Investment of the Decade: http://2020.cryptonewsalerts.net

Veteran analyst Tone Vays says an epic Bitcoin (BTC) rally is in store if the king of crypto can overcome key areas of resistance.

In a new episode of Trading Bitcoin, Vays says the TD Sequential indicator, which traces a series of price points to identify potential breakouts, suggests the Bitcoin price may break out to $9,000 in the short term.

But despite the bullish indicator, Vays says he’s not betting on this coming to fruition due to a strong line of resistance at $8,000. (Which FYI we just hulk smashed this morning)

“Can we make it to [$9,000]? Anything is possible… The biggest reason why that’s a little too optimistic is this behemoth of triple resistance of the 128-day moving average, the 200-day moving average and a fibonacci 62% line [at $8,000]. That is a monster.”

If Bitcoin can make it to $9,000, Vays says the last line of resistance is a descending triangle that currently stands at $9,500. If that happens,

Vays says the highly discussed stock-to-flow model from the anonymous analyst PlanB – which forecasts that BTC will hit anywhere from $100,000 to $288,000 by 2024 – will suddenly be on the table.

Vays also points to John McAfee’s infamous bet that BTC will hit $500,000 this year.

“The moment we break above this red line [at $9,000] PlanB is going to be right. And PlanB has some very optimistic targets.

In other trending Bitcoin News today:

Crypto Strategist Nicholas Merten Says Bitcoin (BTC) Ready to Pop As Halving Approaches

Merten expects Bitcoin to maintain its bullish momentum and trend toward $9,000, as BTC continues to form a giant wedge that dates back to the second half of 2017.

But the strategist points out that Bitcoin’s signature volatility is going nowhere.

“It’s likely that as we go into the halving event, sure we are going to see an increase in volatility. It’s an important point to keep in mind. We are going to definitely see a lot of jitter, but I think we’re going to continue this trend up here, and it’s going to pick up momentum as we go into the halving event to where we’re going to probably be up into around the $9,000 range, if not the upper $8,000 range.”

After the halving, Merten believes Bitcoin will give up some of its gains in the short term, but continue to maintain its bullish steam in the bigger picture.

Although he’s careful to point out that anything can happen in the current global economic climate and that BTC has proved many traders wrong in the past, Merten says Bitcoin’s historical logarithmic growth curves, significant lows and significant resistance suggest BTC is gearing up for a new cycle to around $100,000.

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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-hits-8k-erasing-coronavirus-crash-13-days-till-halving

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

Outspoken Bitcoin investor and host of the Keiser Report, Max Keiser, explains that his $400K BTC price prediction will coincide with the U.S. dollar’s collapse.

Cointelegraph Markets spoke with Wall Street veteran and host of the Keiser Report, Max Keiser, who explains the increasingly important role of Bitcoin in geopolitics amid potential “hash wars” and why he believes Paul Tudor Jones will become the biggest holder of BTC within two years.

Do you see the stock market hitting new all-time highs this year? What does this mean for Bitcoin? Your Bitcoin price target by 2021?

Max Keiser: The U.S. stock market will probably hit new highs just like the markets hit new highs in Venezuela, Zimbabwe and Iran. Not because companies are doing well but because the currencies are collapsing. 

“My target for BTC since 2011 has been $100,000 and I recently upped that to $400,000. The timing depends on when exactly the $USD collapses.” 

It could happen any day. Better to be a few months early than a day late. When the dollar cracks, BTC price gaps higher by $10,000 at a clip. If you’re not already positioned, you’ll be eating dirt.

Major banks are now changing their tune about Bitcoin, most notably JPM. Why do you think this is the case, and will this be a continuing trend?

Max Keiser: You don’t change Bitcoin, Bitcoin changes you — per the Heisenberg Principle effect — and the existence of a self-aware Bitcoin. With this in mind, I helped direct BTC’s attention to Jamie Dimon and JP Morgan by effectively “painting the target.”

The protocol cracked that nut and now Jamie’s a BTC drone. The same thing is happening to Peter Schiff. 

You’ve recently spoken with Bitcoin & Black America author Isaiah Jackson on your show. Why is this book so significant and timely right now with the current social unrest in the U.S.? How does Bitcoin help blacks in America? 

Max Keiser: Bitcoin helps the biggest victims of fiat money the most. America’s Black community is the biggest victims of America’s fiat money so they potentially are the biggest winners as Bitcoin pushes out fiat and becomes the global reserve currency. I said on Keiser Report back when BTC was $1 that America’s Black community should buy up all the BTC they can and then they could buy the White community if they chose to. 

In other trending Bitcoin News today:

Bitcoin (BTC) Primed for Big Move to the Upside, Says Former Goldman Sachs VP – Here’s

Why Koyfman, who is now the founder and CEO of markets intelligence firm Koyfin, says the Fed’s resolve to print US dollars and prop up the economy may end up weakening the world’s reserve currency and giving BTC a serious boost.

“The Fed’s commitment to prolonged use of QE may represent a major turning point for the US Dollar. Over the past 30 years, the US Dollar has formed three distinct tops in 1985, 2000 and potentially in 2020…

A break below [the current] trend line would confirm a major decline for the USD with implications across asset classes. According to Koyfman, Bitcoin is already well-positioned to rally on its own, and he believes a weak dollar would propel the top cryptocurrency past its all-time high of about $20,000.

“Bitcoin is setting up to have a significant move higher, and a weaker USD would be a strong tailwind… Bitcoin has consolidated over the past two years and is primed to make a big move higher… USD weakness may be a catalyst for Bitcoin breaking out to new highs.”

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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:

$BTCLower time frames show compression of the price which should lead to volatility in the next 12 hours Reclaiming $9550 is still the level to watch for a continuation to the upsideBreak back down would lead to $9250 and likely lower

This is current range to watch pic.twitter.com/t4yMYlkvGP

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

https://cointelegraph.com/news/paul-tudor-jones-to-be-biggest-bitcoin-holder-in-2-years-max-keiser