đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill Podcast shares his latest Bitcoin price predictions after the recent massive 55% BTC market correction.
âMax & Stacy started buying BTC in 2011 â and have been through (and reported to millions of people) every single one of these corrections. $220,000 in 2021 still in play. Bitcoin new ATH by The Bitcoin Conference June 4th.â
In other trending Bitcoin News Today: This Large-Cap Coin Will Lead Crypto Markets Out of Correction, Says Macro Guru Raoul Pal. Former Goldman Sachs executive and Real Vision Group CEO believes one large-cap coin could spearhead the charge out of the crypto market correction.
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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-declared-dead-more-than-400-times-now
https://cointelegraph.com/news/bitcoin-dominance-likely-to-bounce-back-after-market-slump-report
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BITCOIN IS STILL HEADING TO $500K DESPITE RECENT CRASH SAYS ARK INVEST CEO!! WHATâS NEXT FOR BTC?!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Superstar hedge fund manager Cathie Wood says she still sees Bitcoin heading to $500,000 despite the recent BTC crash to $30,000. In an interview with Bloomberg, the Ark Invest CEO say that while her teamâs conviction that Bitcoin will hit $500K remains high, she concedes that some conditions have changed.
In other trending Bitcoin News today: Whatâs Next for Bitcoin? CNBCâs Brian Kelly Analyzes Investment Thesis After Crypto Crash.Ultimately, says Kelly in a new CNBC interview, the reasons to invest in Bitcoin remain intact despite this weekâs dramatic price plunge.
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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/will-woo-doesn-t-think-bitcoin-s-overall-upward-run-has-ended
https://cointelegraph.com/news/bitcoin-price-drops-below-35-000-pulling-altcoins-to-multi-month-lows
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BLOCKSTREAM CEO ADAM BACK PREDICTS K BITCOIN PRICE BY 2022 OR SOONER!! 0K BTC WITHIN 5 YEARS!!
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
Bitcoin (BTC) hitting a $1 trillion market cap by 2025 is âconservative,â and those levels should hit in less than two years.
That was according to Blockstream CEO Adam Back, who delivered a fresh bullish Bitcoin price outlook on Monday.
Back was responding to a report by Yassine Elmandjra, a crypto-asset analyst at investment advisor Ark, who in September forecast a BTC market cap of $1 trillion to $5 trillion by 2030 at the latest.
Ark is well known for its enthusiastic price forecasts for Tesla stock, which saw an almost unbelievable rise in 2020.
âConservative. Iâd say bitcoin likely sees $1 trillion market cap within 2 years, probably sooner. $1 trillion is about BTC $50k,â he said.
As of October, Bitcoinâs market cap is just over $198 billion.
For Backâs prognosis to come true, the market would need to see a 400% increase by 2022.
For reference, at the start of October two years ago in 2018, the figure stood at $114 billion.
BTC/USD traded at $6,600, two months before the pit of its bear market which bottomed out at $3,100.
Further responses to Ark included on-chain data resource Ecoinometrics, which highlighted a $2 trillion Bitcoin market cap as equal to that of Apple.
BTC/USD would trade at $100,000 under such circumstances, while to equal gold, the pair would need to reach $500,000.
BTC price activity is currently much more subdued, with analysts expecting more sideways action to characterize the remainder of the year.Â
At the same time, anticipation is building over BTC/USD abandoning its correlation to traditional macro assets and rising in line with historical behavior â specifically centered on predictions from the stock-to-flow price forecasting models.Â
Stock-to-flow calls for an average price of $288,000 during the current halving cycle, which began in May and will last until 2024.
Adam Back: Crisis Will Push BTC to $300K Even Without Institutions
The Bitcoin pioneer says that unlimited money printing will drive retail investors toward BTC and push the price to $300,000 within five years.
In an interview with Bloomberg â in which he once again denied he was Bitcoin (BTC) creator Satoshi Nakamoto â Back outlined his thinking behind the sky-high price prediction.
The cypherpunk OG â who was cited in the Bitcoin white paper â added that BTC may not need the long-awaited flood of institutional money to push it into a bull run.
âIt might not require additional institutional adoption because the current environment is causing more individuals to think about hedging,â Back said.
âAnd retaining value when thereâs a lot of money printing in the world.â
In January, Back responded to reports that had unearthed early Bitcoin dev Hal Finneyâs wild speculation that Bitcoin may be worth $10 million one day.
Back said that it was entirely possible that high inflation could make $1 worth $0.10 over a decade or so, which would mean: â$10mil/BTC is $1mil/BTC in todayâs money.â
âAnd $100K Bitcoin doesnât seem so far given we already crossed $10k threshold a few times when few expected even $1k some years back and $10k seemed crazy.â
With that in mind, itâs possible that Back expects a $300,000 BTC price in five yearsâ time to be more achievable, as it would be worth considerably less in todayâs money due to inflation.
In other trending Bitcoin News today:
Bitcoin and Ethereum Bull Raoul Pal Details How to Spot the Next 100x Investment
The Real Vision CEO Raoul Pal is sharing his blueprint for how to spot the next investment with 100x potential.
In an interview with Chris Dark, the host of Dr Dark after Dark, Pal says you donât have to venture far to find that life-changing bet.
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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:
Bitcoin 30 day historic volatility has been falling fast and is in the 20’s. In the past it has hit 20% vol 7 times. 6 times prices exploded higher immediately and vol hit 80% in a few months. 1 time (Nov 2018) prices fell sharply. Either way, a big move is coming soon. #Bitcoin pic.twitter.com/9qKdLcAf0V
â Raoul Pal (@RaoulGMI) October 7, 2020
https://cointelegraph.com/news/bitcoin-pioneer-predicts-1t-btc-market-cap-by-2022-or-sooner
https://cointelegraph.com/news/adam-back-crisis-will-push-btc-to-300k-even-without-institutions
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BITCOIN PRICE DUMPS WITH STOCK MARKET | BTC IS âLIKELYâ TO BECOME THE WORLD RESERVE CURRENCY?
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
BITCOIN PRICE IS FALLING WITH THE STOCK MARKET!!!
Bitcoin (BTC) failed to maintain its technical strength after bouncing off $9,000 last week, recently slipping under that crucial support after days of back-and-forth between bulls and bears.
On leading derivatives exchanges, the BTC price fell as low as $8,920.
Prices fell to a similar region on spot exchanges. From the dayâs highs, Bitcoin is down around 6%.
Altcoins are down a similar amount to BTC, with all cryptocurrencies trading with a high correlation as is the norm.
Approximately $20 million worth of BitMEX long positions have been liquidated in the past two hours, according to data from Skew.com.
This adds to the approximately $10 million more in liquidations that have taken place over the past 24 hours as BTC has expressed weakness.
Along with the liquidations, data from cryptocurrency data site CryptoQuant indicated that during the move lower, there was an influx of Bitcoin being deposited into exchange-owned wallets.
This suggests there was (and maybe still is) a panic amongst holders to sell their coins as expectations of a strong move lower grow.
Bitcoinâs latest leg of weakness corresponds with a blood-red open for the futures of American equities.
As can be seen in the chart below, from the open of the S&P 500 futures (ES1) on Sunday evening, Bitcoin traded in an effective lockstep with equities.
The futures are down 3% since their open, meaning they are slightly outperforming BTC.
The cryptocurrency trader that predicted BTC would see a V-shaped reversal from Marchâs lows commented on this phenomenon of correlation on June 14th:
âOnce equities correct strongly, odds that $BTC sees a correction too are large. Simple math, increased demand for cash may have its influence temporarily.â
Unfortunately for Bitcoin bulls, there are prominent investors expecting stocks to continue to correct lower.
Guggenheim Partnersâ global CIO Scott Minerd recently went on CNBCâs âClosing Bellâ to discuss his outlook for stocks.
The prominent fund manager said that he sees a scenario in which the S&P 500 falls to a fresh low of 1,600, which would be a nearly 50% drop from the current price point.
Considering that Bitcoin crashed around 50% on a less-than 10% drop in the stock market, such a drop could prove to be disastrous for cryptocurrencies.
In other trending Bitcoin News today:
FINANCIAL AUTHOR THINKS BITCOIN IS âLIKELYâ TO BECOME THE WORLD RESERVE CURRENCY
Speaking to Max Keiser of Keiser Report, CEO of e-commerce company BuildDirect and a financial author Jeff Booth said that he thinks Bitcoin is a âlikely candidate for world reserve currencyâ status:
âFirst of all, I see Bitcoin as a likely, a very likely candidate for a world reserve currency. So, I see it has a really good chance of winning over time as it works on a network effect.â
Booth is far from the first individual to have identified a scenario in which Bitcoin rises to become the worldâs reserve currency, or at least grows to a point where it makes an attempt at that title.
Preston Pysh, a prominent financial analyst and author, explained that the fiat money system is poised to âbreak.â
By âbreak,â he means a world where there is either complete âsocial unrestâ due to effectively too much money in the system or a ânatural transition to a different form of moneyâ as people lose faith in the old system.
Pysh sees Bitcoin as a likely contender to become the âdifferent form of moneyâ because âitâs the option none of the governments want, but itâs also the solution they canât easily stop.â
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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:
As much as the monetary base is inflated, for now it seems that fiat in circulation and its velocity are lowThat means many entities are sitting on their cashSo who have been buying stocks?And who have been pushing stocks, zero fees etc?
To me it paints a clear picture
â //Ethereum đ”ack đŸ (@BTC_JackSparrow) June 14, 2020
Bitcoin Price Dives Under $9,000 as S&P 500 Starts Week Off Blood Red
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