➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net
Max Keiser explains Bitcoin beats both fiat currency and gold because it does not need settlement time.
This is because, in Bitcoin, the transaction and settlement are inseparable from one another.
Moving BTC between wallets simply means updating a ledger, which implies instantaneous settlement as miners confirm the transactions. “There’s a lot of friction, both in paper and in gold.
Bitcoin, uniquely, is self-settling – the transaction is the settlement. When the transaction hits, it settles,” Keiser summarized.
Meanwhile Max Keiser also criticized U.S. congressman Brad Sherman, the notorious Bitcoin critic who continues to argue for an outright ban on cryptocurrency.
“Brad Sherman is going to a gunfight with a knife, he has failed to take on board exactly what the dimension of this battle is going to be,” he said. Keiser added: “He doesn’t understand he’s already lost.”
In other Cryptocurrency news today:
XRP drops 5% as the Ripple flagship Swell conference kicks off.
Follow Us:
🔥 Blog/Podcast: http://CryptoNewsYes.com
🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net
🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net
🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes
🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net
🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net
🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net
🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:
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:
XRP May Target $0.45 in Near-Term Despite Falling Below $0.30
https://cointelegraph.com/news/swell-the-news-xrp-drops-5-as-ripples-flagship-event-kicks-off
https://cointelegraph.com/news/max-keiser-bitcoins-self-settlement-is-a-revolution-against-dollar
You Might also like
-
LIVE BITCOIN TECHNICAL ANALYSIS WITH PHILIP SWIFT SUGGEST BTC PRICE WELL ABOVE 0K NEXT YEAR!
➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net
In this exclusive interview, crypto analyst Philip Swift shares some live Bitcoin technical analysis which suggest we easily see a $100K+ BTC price next year.
“Into next year, probably Q3, Q4 I think we’ll be around $100K. Then as you’ve seen before we get these blow-off tops. Once price breaks above the red line I can easily see us heading up well above $100K, maybe the high $100K levels, so good times ahead.”
Philip also shares some very bullish on-chain analysis charts as well as the ‘Golden Ratio Indicator’ which suggest a $22K-$24K Bitcoin price target in the weeks ahead.
Show Notes / Resources:
🔥 Philip’s DecenTrader Software: https://decentrader.com/
🔥 Follow Philip on Twitter: https://twitter.com/PositiveCrypto
In other trending Bitcoin News today:
Not just Wall Street: Quant Trader Explains Why Bitcoin Price Is Going Up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the BTC price.
The catalysts are increasing adoption, whales, inflows from other products into Bitcoin, and influence from other markets.
Alameda Research is a major cryptocurrency firm that trades a variety of cryptocurrencies and derivatives, with a volume between $600 million and $1.5 billion a day.
Throughout the past month, Cointelegraph has continued to report on the trend of whale accumulation.
Whale clusters form when whales buy Bitcoin and do not immediately sell. This typically indicates that whales bought BTC, sent them to their personal wallets, and have not moved their funds.
The accumulation of Bitcoin from whales possibly synergized with a profit-taking pullback in the altcoin market. Notably, when the decentralized finance market pulled back, Bitcoin continuously saw a significant rally.
Based on various trends and data points, Trabucco said the four abovementioned factors likely contributed to the Bitcoin rally over the past months. He wrote:
“So, first off, why ‘up’? There’s been a lot of discourse about this — some reasons for BTC to go up I’ve seen postulated include lots of institutional buying, increased adoption, ‘whales,’ outflows from faddish products back into BTC, influence from other markets, etc.”
Atop these factors, Cointelegraph reported that the Bitcoin exchange reserves are also declining at a rapid rate.
Bitcoin exchange reserves drop when investors increasingly pull their funds out of exchanges. Since investors often deposit cryptocurrencies to exchanges to sell, this trend suggests that there are fewer sellers in the market and a smaller available supply of BTC.
When positive fundamental and technical factors coincide with an overall drop in selling pressure, it could buoy the momentum around Bitcoin.
According to Trabucco, Joe Biden’s projected victory and the prospect of Moderna and Pfizer vaccines are both positive factors for Bitcoin.
The support for Bitcoin from various tech companies including PayPal, banks, politicians, high-net-worth investors and billionaires are all likely pushing up the BTC price, the trader argues. He wrote:
“My take would be: eh probably a combination. I do think that Biden’s victory and the vaccines were net good for e.g. SPY which has both short- and long-term correlation to BTC in the COVID era, which contributed.
And there are also legit a lot of traditional companies / entities — banks, hedge funds, random rich people, thought leaders, tech companies, Wyoming senators, etc. — signaling support for BTC, which both directly (buying) and indirectly (sentiment) influences its price up.”
In the near term, the roadblock for Bitcoin remains the $18,500 resistance area. Above it, there is little resistance until a new all-time high, after which BTC would enter the uncharted waters of price discovery.
Follow Us:
🔥 Blog/Podcast: http://CryptoNewsYes.com
🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net
🔥 Subscribe on Spotify: http://spotify.cryptonewsalerts.net
🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net
🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes
🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net
🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net
🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net
🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:
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:
Post Views: 279 -
Bitcoin Price Could Shoot Towards ,000 in 2020 | How Can You Not Be Bullish On BTC?
➡️ Tap into OPM (Other People’s Money): http://opm.cryptonewsalerts.net
One fractal analysis, predicts that Bitcoin price ongoing consolidation will resolve to the upside in an explosive fashion.
The catch: the BTC breakout will come at the end of 2020 – over five months away.
On March 12th and 13th, the Bitcoin market broke down. As many investors likely remember, in the span of approximately 24 hours, the cryptocurrency market fell by around 50%.
Bitcoin then plunged from the $7,000s to $3,700. Few expected the market to recover at the time.
There were some, however, trying their best to stay optimistic.
The CIO of Altana Digital Currency Fund, Alistair Milne, shared the chart below in the day after the crash, attaching the comment:
“So, if you take the fractal after the Aug 2015 meltdown due to exchange dysfunction (and major trendline break) … and place it on the end of Friday’s meltdown, you get this …”
The chart, which showed Bitcoin could follow the path it took after 2015’s crash, implied that BTC would recover to $10,000 by June.
And that it did, with Bitcoin spiking above $10,000 at the start of June.
This same fractal now predicts that after two more months of consolidation, Bitcoin will hit $18,000 by the end of 2020.
As Milne explained in a recent update about the fractal:
“Would you accept another ~2 months of no volatility if it meant we go directly to $18k within 4 weeks of a breakout?”
Milne isn’t the first individual to have suggested that Bitcoin’s ongoing consolidation will resolve higher.
Mike McGlone – the senior commodity analyst at Bloomberg Intelligence — recently wrote the following on Twitter:
“Volatility should continue declining as Bitcoin extends its transition to the crypto equivalent of gold from a highly speculative asset, yet we expect recent compression to be resolved via higher prices.”
So, if you take the fractal after the Aug 2015 meltdown due to exchange dysfunction (and major trendline break) … and place it on the end of Friday’s meltdown, you get this …
The sentiment McGlone shared is in line with the sentiment he shared in previous analyses. In editions of Bloomberg’s “Crypto Outlook” released over recent months, the Wall Street analyst has outlined a perfect storm of reasons indicating that Bitcoin will move higher.
Some of those reasons are as follows:
* The BTC block reward halving that came in May
* The increasing investment in the Bitcoin market by users of the CME and clients of Grayscale
* Bitcoin’s growing correlation with the gold market
* And more.
In other trending Bitcoin News today:
HOW CAN YOU NOT BE BULLISH ON BITCOIN? ANALYST ASKS DUE TO NEW DATA
Despite volatile price action, a majority of Bitcoin in circulation remains inactive.
According to data from Glassnode, a blockchain analytics firm, the percentage of coins not moved has reached 62% — an all-time high.
This comes in spite of the fact that 77% of the Bitcoin supply was accumulated at a price lower than current.
That’s to say, 77% of all BTC can currently be sold for profit. To Rafael Schultze-Kraft, the CTO of Glassnode, the confluence of high profitability amongst investors and increasing levels of holding is bullish.
“BTC supply not moved in over a year: 62%. BTC supply in a state of profit: 77%. Read: Many investors could be profitably cashing out, but instead choose to hodl. How can you not be bullish on Bitcoin.”
Follow Us:
🔥 Blog/Podcast: http://CryptoNewsYes.com
🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net
🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net
🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes
🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net
🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net
🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net
🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:
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:
How Can You Not Be Bullish on Bitcoin? Analyst Asks Due to New Data
#Bitcoin Blahs? Benchmark #Crypto Looked Similar Before Past Gains —
Volatility should continue declining as Bitcoin extends its transition to the crypto equivalent of gold from a highly speculative asset, yet we expect recent compression to be resolved via higher prices. pic.twitter.com/XbIMv5AYAf— Mike McGlone (@mikemcglone11) July 2, 2020
Would you accept another ~2 months of no volatility if it meant we go directly to $18k within 4 weeks of a breakout?
Check what happened in early 2016… https://t.co/BH18zB9eOb
— Alistair Milne (@alistairmilne) July 14, 2020
This 2016 Bear Market Fractal Shows Bitcoin Could Shoot Towards $20k in 2020
https://cryptopotato.com/bullish-bitcoin-price-post-halving-patterns-start-repeating/
Post Views: 265 -
Buy More Bitcoin (BTC) Before People Are Forced to Bail Out Fed: ‘Rich Dad, Poor Dad’ Author
➡️ Tradecraft: http://tradecraft.cryptonewsalerts.net
‘Rich Dad, Poor Dad’ best selling author Robert Kiyosaki has again taken to Twitter to talk Bitcoin (BTC) to his followers in the context of the QE measures that the Fed Reserve resumed last week.
He also reminded the community that three weeks ago, the US Congress suggested giving the Fed access to $425 bln so it could “extend emergency support to failing businesses or struggling localities”, as reported by The New York Times.
The ‘Rich Dad, Poor Dad’ author said that ordinary people should buy more Bitcoin, as well as other safe haven physical assets – here’s why.
The famous investor Robert Kiyosaki, who made a fortune after the 2008 financial crisis on real estate and the author of a bestselling book on finance and investments, recently proved to be a major Bitcoin supporter.
Unlike other BTC bulls, he does not put gold and Bitcoin into opposing camps.
In his recent tweet, he reminded the community about the recent suggestion from republican US senators to create $425 bln in funding to be used by the Fed Reserve in order to support its emergency cash printing.
Kiyosaki referred to that with a rhetorical question, ‘Is Fed broke?’.
The investment guru reminded his followers that the Fed has been printing extra cash since 2008.
He fears that after the US Central Bank prints tons of money to bail out large corporations and SME, someone will have to bail out the Fed itself.
The investor fears that, eventually, it might have to be ordinary people.
“IS FED BROKE? Hidden in recent $2.2 Trillion Congress rescue bill was buried $425 Billion for Fed. Fed has been bailing out the world since 2008. Who bails out the Fed? Now we know. We are. Why are Fed and Treasury hiding this from us? Buy more gold silver & Bitcoin. SCREWED.”
In an earlier tweet, Kiyosaki said that the Fed could hardly go broke.
However, he added, it could lose the population’s trust.
In that case, Kiyosaki believes, the IMF will step in to support the fiat USD.
Robert Kiyosaki emphasized his skeptical attitude about the international monetary fiat system overall as well.
“FED CANNOT GO BROKE in theory. But people can lose confidence in Fed & US $. The $425 Billion US gave Fed secretly will expand to $4.25 Trillion of fake $ into economy for over $9 Trillion in fake Fed $. When confidence goes game over. IMF steps in. IMF stands for I M Fkd.”
Bitcoin Turned ‘Sell’ After A Key Technical Rejection Above $7K
Bitcoin was rejected above the $7,000 level and it declined heavily against the US Dollar. BTC price is currently trading in a bearish zone and it could continue to slide towards $6,400.
After forming a support base above the $6,700 level, bitcoin price started a fresh increase against the US Dollar.
BTC price climbed above the $6,900 and $7,000 levels, but it failed to gain bullish momentum.
Follow Us:
➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net
🔥 Blog/Podcast: http://CryptoNewsYes.com
🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net
🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net
🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes
🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net
🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net
🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net
🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:
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:
IS FED BROKE? Hidden in recent $2.2 Trillion Congress rescue bill was buried $425 Billion for Fed. Fed has been bailing out the world since 2008. Who bails out the Fed? Now we know. We are. Why are Fed and Treasury hiding this from us? Buy more gold silver & Bitcoin. SCREWED.
— therealkiyosaki (@theRealKiyosaki) April 13, 2020
FED CANNOT GO BROKE in theory. But people can lose confidence in Fed & US $. The $425 Billion US gave Fed secretly will expand to $4.25 Trillion of fake $ into economy for over $9 Trillion in fake Fed $. When confidence goes game over. IMF steps in. IMF stands for I M Fkd.
— therealkiyosaki (@theRealKiyosaki) April 13, 2020
Bitcoin Turned ‘Sell’ After A Key Technical Rejection Above $7K
Post Views: 316