MAX KEISER SAYS BITCOIN PRICE WILL HIT NEW ALL-TIME HIGH BY JUNE 4TH!! BTC DOMINANCE ON THE CLIMB!!

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BITCOIN NEWS: The CEO of the US-based crypto exchange Kraken says he believes Bitcoin (BTC) is on the cusp of a new long-term rally to $100,000.

In new a conference call hosted by Pantera, Jesse Powell says the masses don’t yet understand the importance of Bitcoin’s scarcity and independence from banks and middlemen.

He expects that to change in the decade ahead, if and when the value of the dollar dwindles.

“I don’t think Bitcoin is even priced into Bitcoin. Most people have heard about Bitcoin but they don’t own any Bitcoin. They don’t know what the future of Bitcoin is. I think if everyone knew about Bitcoin and the potential of Bitcoin and how great it was, the price would be a trillion dollars a Bitcoin. We would all just be switched over to Bitcoin and not be using anything else…

I think that there’s a lot that’s not priced in, even though it’s predictable, like what the future is. Ten years down the road, the US dollar is going to continue to be printed like crazy. It’s going to be totally worthless. No one is going to want it. Everyone is going to want Bitcoin. But that’s not priced in because of perceived risks or perceived uncertainty about the future, about regulation, about how does the government respond in different situations as Bitcoin continues to develop, or how useful does it actually become?”

Kraken is already witnessing an explosion of institutional trading.

According to Powell, BTC will likely hit $100,000 in about two years.

“I believe that we’re in a completely unprecedented time in terms of the global political and economic systems. I believe that this is going to continue to drive a pretty massive shift into digital currency. I think the next couple of years we’ll likely see 1 BTC exceed $100,000…

Just anecdotally, in the last two months, we’ve seen a huge surge in new accounts, from institutions. I think, again, I mentioned it earlier, something that’s preventing more institutions from getting in is just the uncertainty around the regulatory situation.

I think many are in a wait and see mode, many maybe trying to have their mandates changed to allow them to invest in these asset classes. But I do think it’s coming. I think that more LPs are going to demand that their GPs invest in crypto. I think it’s going to come from the bottom up. The returns are just so hard to ignore. It seems irresponsible not to have crypto be a piece of your portfolio.”

In other trending Bitcoin News today:

Wall Street Buying Bitcoin (BTC) at Blistering Pace Despite Warning From Goldman Sachs

New data shows institutional investors are buying Bitcoin at a remarkable rate.

Market researcher Kevin Rooke is tracking the Grayscale Bitcoin Trust (GBTC), which gives institutional investors a secure way to gain exposure to BTC without having to buy the underlying asset itself.

GBTC is fully backed by real Bitcoin, and according to Rooke, the pace at which Grayscale is buying BTC now outstrips the new supply of the leading cryptocurrency.

“Grayscale’s Bitcoin Trust bought 18,910 Bitcoins since the halving. Only 12,337 Bitcoins have been mined since the halving.” Referencing a new report from Goldman Sachs that concludes Bitcoin is not an asset class nor a viable investment, Rooke comments, “Wall Street wants Bitcoin, and they don’t care what Goldman Sachs has to say.”

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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.

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Billionaire Tim Draper, a prominent BTC investor, who has supported Tesla, Skype, Hotmail, Twitter, Coinbase and other prominent companies with his money, still believes in his prediction that Bitcoin will hit $250,000 by the end of 2022 or early 2023.

In a recent interview, he has confirmed his bullish take on the near future of Bitcoin, saying that BTC will be getting massively popular as its adoption will be growing.

In particular, Draper stated that Bitcoin is about freedom and trust. The particularly string effect made by BTC has recently been felt in Argentine and Nigeria, as per him, where are the local currencies have been constantly devaluating.

In other trending Bitcoin News today: A rare bullish Bitcoin signal, the ‘difficulty ribbon compression’, has started pumping up for the first time since the bull run started which is historically a very bullish sign, as Crypto analyst the Moon Carl shares on Twitter to his 382,500 followers!

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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://u.today/tim-draper-stands-by-250000-per-bitcoin-says-it-is-modern-inflation-hedge-thanks-to-constant-usd

A Rare Bullish Bitcoin Signal Has Finally Appeared

https://cointelegraph.com/news/bitcoin-bounces-off-31k-after-bank-of-america-greenlights-btc-futures-trading

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Veteran crypto strategist Tone Vays says the big Bitcoin breakout has more gas left in the tank.

In a new video, Vays explains why he believes the bullish rally that pushed BTC above resistance of $12,000 is not yet over.

“That is exactly what I’m kind of foreshadowing going into the future. We still have this triangle right here and we can still pull back into this triangle, but I do think that right now, there is still enough FOMO (fear of missing out) to get us higher into that high $13,000 range.”

As Bitcoin draws near its next resistance level at $14,000, the crypto analyst predicts that market participants will start to take profits.

“That breather could be horizontal consolidation or that breather could be a pullback all the way back down to $12,000 or even as low as $11,500.”

Although Vays sees a correction on the horizon, he is long-term bullish on the world’s most dominant cryptocurrency.

“[The] monthly view is going to be great. We’re going to close as the second-highest month ever and we got a shot at closing at the highest month ever if we can close at $14,000. That would be the highest monthly close ever, which would also be absolutely great.”

Vays also highlights his current personal sentiments on BTC.

“I’m pretty damn bullish right now. I don’t know if that’s stupid or not but I’m pretty damn bullish. I haven’t been this bullish since early 2017.”

As for his long-term BTC forecast, the veteran trader believes that Bitcoin is poised to ignite a massive rally within the next six months.

“Let’s be reasonable here. Let’s say we have a 300% move. That takes us to $50,000.”

However, Vays believes Bitcoin will suffer a massive devaluation after going as high as $50,000 before recovering and climbing above $100,000.

“I can see a 50% crash, which would take us to about $20,000 to $25,000. Let’s say we go back to $20,000 – the prior swing high… And then from there, I could see, this would be fast, I could see a slow grind back up to $50,000. 

From this $50,000 area or let’s from that $40,000 area, we go up another 300% to 400%. This is something that’s realistic to me. That takes us to say $150,000 from there. How long would that take? Before the next halving.”

In other trending Bitcoin News today:

Nautilus Research: Bitcoin (BTC) Pattern Echoes Early Days of Prior Exponential Rallies

Bitcoin (BTC) is displaying patterns that have historically occurred before massive breakouts, potentially indicating the start of the next exponential bull run, says research agency Nautilus Research.

In a Twitter post, Nautilus Research suggests that Bitcoin is currently forming a pattern that has preceded the bull runs of 2012 and 2017.

“Bitcoin echoes of patterns ahead of previous major breakouts.”

According to the independent research boutique’s chart, Bitcoin has historically corrected at least 80% from boom cycle highs and then consolidated for over a year before launching the ensuing bull market.

If history is any indicator, Bitcoin may soon ignite a parabolic rally that could send the most dominant cryptocurrency well above $100,000.

“Investors piled into Bitcoin this week and this rally spilled over to other crypto assets. At the same time, investors are sticking to high-quality names primarily, as we’re seeing the most strength coming out of the large caps.

Bitcoin is the go-to asset for traditional investors looking to diversify their holdings into cryptocurrency. As such, any time we see Bitcoin take the lead, we can be certain that new money is entering the space. This is a prerequisite for any sustainable crypto bull run.”

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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://dailyhodl.com/2020/10/26/crypto-analyst-tone-vays-says-bitcoin-btc-breakout-not-over-yet-predicts-timeline-for-300-rally/

https://cointelegraph.com/news/highest-weekly-close-since-early-2018-5-bitcoin-price-tips-this-week