MAX KEISER SAYS BITCOIN WILL BECOME THE GLOBAL MONETARY STANDARD WITH A $100 TRILLION MARKET CAP!!

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MicroStrategy CEO Michael Saylor believes the Bitcoin price can easily hit the seven-digit mark.

In a new interview with FamilyOffice, Saylor says Bitcoin could appreciate a hundredfold to reach a price of $5 million per BTC.

“I can see bitcoin going to a million. I can see it going to $5 million… because if it simply replaces all the indexes as a monetary index money, why shouldn’t it go to $100 trillion in market cap or something?”

Saylor, whose company MicroStrategy now owns 91,326 Bitcoin, points out that the flagship crypto asset is currently a “screaming signal” to investors, and this is aided by a rapid expansion in the money supply globally and the dominance of its blockchain network.

“In my life I’ve never seen something that was such a screaming signal. You’ve got a $200 to $300 trillion addressable market. You’ve got a problem – money is not sound. You’ve got engineered thermodynamically sound money. You’ve got a dominant network. Everybody’s decided it’s the network. It’s exploding.

The signal that is exploding is it’s growing 200% a year every year for 12 years running. That’s the signal.”

Saylor predicts that the flagship crypto asset’s growth rate is unlikely to be replicated by the FAANG (Facebook, Amazon, Apple, Netflix, Google) tech behemoths going forward, making Bitcoin the better bet.

“Now do I think Apple, Amazon, Facebook or Google are going to go up by a factor of 10 from this point? Not really. I think they’re plus 20, minus 20, plus 100… maybe they will double, maybe they will triple.”

Saylor adds that Bitcoin’s potential became far easier to understand following the economic fallout and increase in money printing that began early last year.

“[Bitcoin] got to be a much easier trade in March of 2020. And every month since March of 2020, it’s been de-risked exponentially, and then the need is exploding.”

In other trending Bitcoin News today:

Bitcoin Falls to Two-Week Lows as $6 Billion In Options Set to Expire – What’s Next?

Bitcoin’s (BTC) price has been in retreat, down 20% since the recent all-time high at $62,000 in mid-March. As crypto markets are frequently volatile, this may very well be another normal pullback within the current bull cycle. 

Corrections are needed to generate strength for further upward momentum as markets can’t go up in a straight line. Additionally, a record $6 billion expiration of options is expected on March 26, which often brings some volatility. 

It is also quite common for the market’s momentum to shift momentum once the options expiration date comes and goes.

The 4-hour chart shows an apparent downtrend since the recent all-time high at $62,000 with bearish support/resistance flips. 

Regardless, Bitcoin’s price has rejected the critical resistance zone at $56,500 in the latest rally after Tesla announced it has started accepting (and holding) BTC in the United States for its vehicles. 

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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://www.cnbc.com/2021/03/24/fidelity-to-launch-bitcoin-etf-as-investment-giant-builds-its-digital-asset-business-.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1616626200

https://cointelegraph.com/news/bitcoin-falls-to-two-week-lows-as-6-billion-in-options-set-to-expire-what-s-next

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“Bitcoin has been a monster from $1 to $11,000 and is now heading to $400,000”, says BTC pioneer Max Keiser, RT host of the Keiser Report.

When asked about a timeline for his bullish $400K Bitcoin price prediction, Max responded,

“It all depends upon how fast the dollar collapses, BTC has no top.”

Max says Bitcoin has no top because the US dollar has no bottom and when it comes to investing…

“You want hard money, something they can’t print.”

In other trending Bitcoin News today:

Apocalypse Survival Requires 1 BTC…

Says Joe Rogan Guest Celebrity and podcaster Adam Curry described the importance of Bitcoin to podcaster and comedian Joe Rogan.

He posited the asset’s importance amid an internet-based world which thrives on personal data sales, banking activities, and centralized control. 

“The apocalypse is coming, and you’re gonna need a Bitcoin — at least one,” Curry said in a Sept. 8 interview with Rogan.

“Are you a Bitcoin salesman, Adam Curry?” Rogan responded, put off at first by the comment. 

“I was very anti-Bitcoin, until I sold a s***load of them at like $900,” Curry said said, noting he acquired a stack of the asset in its early days. “I got them for nothing,” he said, adding: 

“People just gave them to me in the beginning and I denied it.”

He then referenced the industry’s progress over the last decade, including mention of altcoins. 

Rogan responded, opening an age-old can-of worms. He asked Curry why BTC remains in the number one go-to position among thousands of other crypto assets, wondering if another asset will overtake the asset’s spotlight. 

“Ten years of data have shown that Bitcoin really is the only one that you can trust,” Curry said, referring to the asset’s resistance against manipulation and its trail-blazing technical makeup. 

Much talk of a flippening — a digital asset overtaking Bitcoin’s market cap — has come and gone over the years, but no asset has yet achieved such a feat. 

In other Crypto news today:

BITCOIN CLOSING ABOVE THIS LEVEL COULD TRIGGER A MOVE BACK ABOVE $11,000

Bitcoin has flirted with a recovery ever since it hit $9,800 late last week.

The leading cryptocurrency currently trades at $10,250, but traded at both $9,900 and $10,400 over the past few days.

A crypto analyst believes that the cryptocurrency closing above $10,450 could trigger a recovery to $11,200. $11,200 is 9.2% above the current price and 7.1% above the validation point of this bullish theory.

“No candle has closed below 10.100 in 7 days, good work of the Spartans. Now bulls need to close above to 10.450 to “confirm” a up move to 11.2k.”

This trader isn’t the first to have assigned importance to the resistance in the $10,450 region.

A historically accurate analyst thinks that Bitcoin moving above $10,500 could trigger a textbook Wyckoff Accumulation pattern.

That pattern, should it play out, will take BTC back into the $11,000-12,000 range as the above analyst also suggested.

Analysts still think that macroeconomic trends favor Bitcoin’s growth in the longer run.

Mike McGlone, a senior commodity analyst at Bloomberg Intelligence, recently wrote on the matter of BTC’s price action:

“Gold at $1,900, Bitcoin $10,000 Return to Decisive Support Zone – Some overdue mean reversion in the stock market is pressuring most assets, but we expect gold and Bitcoin to come out ahead in most scenarios. Declining equity prices encourage more monetary and fiscal stimulus…”

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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:

BOOMERS had it easy. Plenty of jobs-low cost real estate-rising stock market. MILLENNIALS have it hard. 9/11, 2008 real estate crash-now Covid-19. Good news. Millennials tech savvy. Boomers not. Bitcoin-Block chain-Digital currencies give Millennials head start into the future.

— therealkiyosaki (@theRealKiyosaki) September 9, 2020

#Gold at $1,900, #Bitcoin $10,000 Return to Decisive Support Zone – Some overdue mean reversion in the stock market is pressuring most assets, but we expect gold and Bitcoin to come out ahead in most scenarios. Declining equity prices encourage more monetary and fiscal stimulus.. pic.twitter.com/8dkJ2vdkdg

— Mike McGlone (@mikemcglone11) September 9, 2020

Bitcoin Closing Above This Level Could Trigger a Move Back Above $11,000

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The Bitcoin price has a maximum 15% chance of falling below $3,800 if current BTC price levels continue, says popular Crypto trader Tone Vays as BTC nears $7,000.

In a YouTube update on March 24, an increasingly bullish Vays updated his outlook for BTC/USD.

He argued that at around $6,750, the pair was sitting at resistance. Break above $6,800 and Bitcoin (BTC) would all but eliminate the likelihood of dipping to new lows under $3,800 — only a 15% chance would remain.

“Going above $6,800 would maybe give me 85% confidence we’re not going to go below this — and we’re almost there, we’ve almost broken it; we’re sitting at resistance,” he said.

“Right now, I believe there’s a 20-25% chance we’re going to go below $3,800.”

Vays had previously sounded the alarm about a potential Bitcoin collapse to as low as $2,000 before May’s block reward halving.

Now, however, he told traders that it was foolish to avoid entering the market in the hope of catching the next dip.

He continued: “That still means that you can’t wait; you can’t wait for another pullback to $3,500 — you should be in Bitcoin by now.”

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount.

As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it suddenly seems far more tangible.

Binance CEO Changpeng Zhao even tweeted that the new financial dialogue meant a $2 trillion market cap for Bitcoin could be considered “modest”.

“As we get used to talk about Trillions, a modest $2 trillion market cap of bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right? As most BTC are not for sell (HODLers), we only need a small portion of that $2t to buy to reach it.”

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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:

Here’s some perspective on the astronomical number that is $6 trillion. $6 trillion is the same as – 1/3 of America’s GDP– 130% of the Federal Reserve’s balance sheet– Enough money for $850 for each human being on Earth– or 900 million Bitcoin

Crazy.

— Nick Chong (@_Nick_Chong) March 24, 2020

As we get used to talk about Trillions, a modest $2 trillion market cap of #bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right?

As most BTC are not for sell (HODLers), we only need a small portion of that $2t to buy to reach it.

— CZ Binance 🔶🔶🔶 (@cz_binance) March 25, 2020

https://cointelegraph.com/news/as-trump-talks-trillions-binance-ceo-predicts-2t-bitcoin-market-cap

https://cointelegraph.com/news/bitcoin-price-rejects-7k-but-tone-vays-says-75-chance-btc-bottomed