MARK CUBAN PICKS BANANAS OVER BITCOIN! | Bitcoin Price Will Surpass K Within Next Year

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Is the Ripple XRP Price getting ready to fly?

This is an extremely good time for XRP.

Before the XRP Swell event in 2017, the XRP price shot up 115% and the next year, a much bigger spike of 220% was seen in its price.

Based on these historical gains, XRP can jump anywhere between $0.30 to $0.60.

However, once the event is over, XRP price losses as much as half of its value.

The digital asset saw a drop of 42% and 51% in 2017 and 2018 respectively after the event.

Hosted by Ripple, Swell brings experts from the field of financial services, payments, technology, and policy together to share “what’s unfolding in global payments today – and why it matters.”

The Swell event, that has been launched to compete with its rival Swift – the organizer of the Sibos conference – will be held this time from November 7 – 8 in Singapore.

Are Altcoins ready to explode?!

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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:

The 10 largest crypto companies by number of employees:Binance: 1,635Coinbase: 1,195ConsenSys: 868OKEx + OKCoin: 548Ripple: 508Bitmain: 475Huobi: 453Circle: 350Tron: 250Bitfinex: 220

Source: LinkedIn

— Yano (@jason_yanowitz) October 11, 2019

Bitcoin Readies For Next Big Move After Slow Weekend

XRP Ready to ‘Swell’ 220% in the Next Three Weeks as Ripple Event Nears

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Bloomberg Intelligence commodity strategist Mike McGlone says Bitcoin is set for a major breakout, with the leading cryptocurrency targeting $13,000 in the near term.

McGlone says he expects weeks of consolidation to end as Bitcoin’s volatility hovers at a level where big breakouts tend to erupt.

“Bitcoin a Caged Bull Set for Breakout, Eying $13,000 Resistance — The more disdain from bulls should be for the better, keeping the price tilted upward for the consolidating crypto. Declining Bitcoin volatility reflects maturation toward a digital version of gold.”

In other trending Bitcoin News today:

At This Rate Grayscale Will Own 3.4% of All Bitcoin by January

Grayscale Investments has added 19,879 BTC to its Bitcoin Trust in the last week, purchasing Bitcoin faster than the tokens can be mined.

Grayscale Investments has purchased almost half a billion dollars in Bitcoin since the May block reward halving, and this week bought BTC around three times faster than miners could produce blocks.

According to a June 25 tweet from crypto analyst Kevin Rooke, the investment firm bought 19,879 Bitcoin (BTC) — $184 million worth — in the last week for its Bitcoin Trust, bringing its total number of coins to roughly 400,000.

“Unbelievable. Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving). Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving). That’s almost 400,000 BTC under management for $GBTC”

Rooke stated that not only is Grayscale buying massive amounts of the cryptocurrency, but it’s now doing so at a rate roughly 280% of the new Bitcoin mined. 

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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:

Unbelievable.Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).

That’s almost 400,000 BTC under management for $GBTC pic.twitter.com/aMtSGHZnz2

— Kevin Rooke (@kerooke) June 25, 2020

#Bitcoin a Caged Bull Set for Breakout, Eying $13,000 Resistance —
The more disdain from bulls should be for the better, keeping the price tilted upward for the consolidating crypto. Declining Bitcoin volatility reflects maturation toward a digital version of gold. pic.twitter.com/2CqGEx95JS

— Mike McGlone (@mikemcglone11) June 26, 2020

Coinbase Will Now Pay You to Learn About These Five Altcoins

https://cointelegraph.com/news/at-this-rate-grayscale-will-own-34-of-all-bitcoin-by-january

https://dailyhodl.com/2020/06/27/mike-mcglone-calls-major-bitcoin-breakout-but-analysts-warn-btc-eth-and-xrp-will-likely-tumble-before-bull-run-begins/

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The blockchain intelligence firm Glassnode says a key Bitcoin price indicator suggests the crypto market remains in the early days of a long-term bull run.

According to Glassnode, the number of BTC addresses with unrealized profit is at similar levels to the start of three major rallies.

Unrealized profit is calculated by taking the difference between the current BTC price and the price at the time that Bitcoin in a given address last moved.

It’s a sign of how many traders are determined to hold on to their investment.

Meanwhile, Bitcoin’s hash rate is hitting new all-time highs.

The hash rate is a mathematical representation of the amount of computing power dedicated to processing Bitcoin transactions.

The higher the number, the stronger and more secure the network. The high water mark suggests miners that power the leading cryptocurrency are feeling bullish on their ability to turn a profit by powering the network.

Owning One Bitcoin (BTC) Will Soon Be Out of Reach for 99.8% of World’s Population, Says Morgan Creek Digital Co-Founder

Morgan Creek Digital co-founder Jason Williams says owning a single Bitcoin will soon be out of reach for the vast majority of the world’s population as Bitcoin (BTC), the leading cryptocurrency by market cap, eventually moves past the upcoming halving event in May.

Williams highlights the popular stock-to-flow model by crypto analyst PlanB in the run-up to the Bitcoin halving.

The event, which happens approximately once every four years, cuts the supply of new Bitcoin entering the market in half.

According to Williams, the halving could make Bitcoin too expensive for the average Joe to afford, if in fact the event has a similar impact on price as the past two halvings.

Several crypto influencers have released high-flying Bitcoin price targets due to the halving. Tim Draper, founder of Draper Associates, predicts the halving event will push the cost of Bitcoin to over $250,000 before 2023.

By that time, he expects BTC to become the currency of choice.

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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:

In approximately 200 days (69 days until the halving) buying 1 #bitcoin will be out of reach of 99.8% of the population of the earth.

— Jason A. Williams 🦍 (@JWilliamsFstmed) March 1, 2020

$Btc Ground found from the region which was mentioned in previous btc post few days ago 😊For me right now, there is no reason to assume this is not a lower high atm.

I am looking for us to go towards 9150 region before potential drop for new lows https://t.co/pes1g7c5Ez pic.twitter.com/uAe3Fjxe20

— The Cryptomist (@TheCryptomist) March 2, 2020

https://cointelegraph.com/news/bitcoin-holds-87k-as-concern-mounts-over-coronavirus-stocks-party