MAX KEISER SAYS BITCOIN WILL GO UP ANOTHER 40X IN A PARABOLIC ASCENT HITTING $2 MILLION PER BTC!!!!!

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Raoul Pal, the founder and CEO of Global Macro Investor who has more than 50% of his capital in Bitcoin, is anticipating a wave of institutional funds to push the BTC price to $1,000,000 in the next 5 years.

In an interview with Stansberry Research, the former hedge fund manager says that the world economy is moving from the “hope phase” to the “insolvency phase” as investors realize that the economy is going to recover from the COVID-19 pandemic much slower than originally expected.

Along with institutional adoption, he believes this narrative may create the perfect set-up for a huge long-term BTC bull cycle.

“…There’s no stimulus around, and we’ve got more problems to come in Europe, the US and elsewhere, and businesses don’t have enough cash flow. They’re closing in droves and that’s what I call the ‘Insolvency Phase’…

“Yeah, I think [$1 million is] about right. Just from what I know from all of the institutions and all of the people I speak to, there is an enormous wall of money coming into this. It’s an enormous wall of money. Just the pipes aren’t there to allow people to do it yet, and that’s coming, but it’s on everybody’s radar screen and there’s a lot of smart people working on it.”

Though Pal considers himself a “hybrid adopter” of both gold and Bitcoin, he still says that he’s considering selling his gold to buy more Bitcoin.

“When you get to the macro opportunity, when it’s all happening and Bitcoin starts breaking out of these patterns that its been forming, it is going to massively outperform gold. I am 100% sure of that, so in which case, why would I have a gold allocation?”

In other trending Bitcoin News today:

ANALYST: BREAKING THIS ONE LEVEL COULD SEND BITCOIN TO $14,000+

Bitcoin and the entire crypto market have been caught in the throes of a consolidation phase in the time following BTC’s surge from $10,600 to $11,400.

This move was significant and seemed to indicate a trend reversal working in favor of buyers.

BTC’s momentum has slowed, but this may mark bulls’ attempt to garner enough support to spark a continuation of this uptrend.

One analyst is now noting that a move past $14,000 could be imminent in the near-term if the crypto can surmount $11,600.

Bitcoin has remained strong despite bears attempting to thwart its uptrend. It is currently trading up nearly $1,000 from where it was just over a week ago.

This strength may extend further, as its ongoing consolidation phase does appear to be shifting the cryptocurrency’s trend and positioning it for further upside.

Despite Bitcoin’s slowing momentum as it hovers around $11,400, one analyst believes that it is on the cusp of potentially seeing significantly further gains in the days and weeks ahead.

He notes that it all depends on how BTC reacts to $11,600, a key near-term resistance level to observe.

“BTC: If $11,600 gets flipped I see a clean $14k+… Until then I think we reject/range around $11,600 and dump lower,” the analyst said while pointing to the below chart.

Because this level sits less than 2% above where Bitcoin is currently trading, a test of it could be right around the corner.

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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:

Analyst: Breaking This One Level Could Send Bitcoin to $14,000+

https://cointelegraph.com/news/dollar-dip-meets-hash-rate-boom-5-things-to-watch-in-bitcoin-this-week

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Binance CEO Changpeng Zhao says the world is unprepared for the flood of interest that is set to enter the Bitcoin and Crypto market.

In a conversation with Bloomberg Radio, Zhao comments on the upward potential of Bitcoin and the growth in users his exchange is facing.

Zhao tells Bloomberg Radio that as more institutions like Tesla and MicroStrategy start to allocate to Bitcoin, the cryptocurrency could explode in price.

“Right now, I think only 11 companies have announced they are allocating some, like usually less than 1% of their corporate treasury, to Bitcoin. And we think that is most likely what caused the initial price rise. I think Microstrategy’s Michael Saylor started it first. But there are 650,000 companies in the world… like relatively established companies in the world. And their treasury is huge.

If all of them only allocated 1% to Bitcoin we are going to see, I don’t know, 1,000x more growth in Bitcoin price. And if they allocate more than 1%, that’s going to be even bigger. So I think people don’t quite get the magnitude of the wave that is about to hit us.”

The Binance CEO estimates that the flagship cryptocurrency could go up from anywhere between 1,900% and 19,900% from current price levels.

“With price predictions, it’s really, really difficult. I think it could go to, I don’t know, $1 million, $10 million. It’s very hard to tell.”

Zhao also reveals that the exchange is onboarding new users at an unprecedented and sustained rate during this bull run, outpacing its user growth during the 2017 bull run.

“Just to give people an idea, in 2017 when Bitcoin hit the peak of about $20,000 we were seeing 300,000 new registered users per day. And that only happened for a couple of days and then it kind of trailed off and became slower. Now we are seeing sustained new user registrations above that peak and sustained over like the last 2-3 months. And it’s increasing.”

In other Trending Bitcoin News today:

First Bitcoin ETF in North America Has Massive Opening Day, $80,000,000 Traded in Just One Hour

The first Bitcoin exchange-traded fund in North America is launching with a bang.

On day one, investors exchanged $165 million worth of shares of the Purpose Bitcoin ETF after its debut on the Toronto Stock Exchange on Thursday, according to data from Bloomberg.

ETFs are regulatory-compliant investment vehicles available to both retail traders and institutions.

Purpose Investments, the fund’s issuer, says the ETF will invest directly in physically settled Bitcoin (BTC), and not derivatives. Like physically-backed gold and silver products, the ETF will also be directly backed by physically-settled Bitcoin holdings.

In a statement, Purpose CEO Som Seif says investment opportunities come with the increased recognition of BTC as a new asset class.

“We believe Bitcoin, as the first and largest asset in the emerging cryptocurrency ecosystem, is poised to continue its growth trajectory and adoption as an alternative asset.”

The launch of the ETF comes as Bitcoin extends its bull run, soaring past $52,000 to hit a new all-time high this week.

In the states, the investment management firm VanEck has renewed its efforts to launch a Bitcoin ETF, which would trade on the Cboe BZX Exchange. So far, the SEC has denied all attempts to launch a BTC ETF in the US.

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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/56-3k-bitcoin-price-and-1t-market-cap-signal-btc-is-here-to-stay

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Are you ready for an incoming $68.4 Trillion Bitcoin (BTC) tidal wave?

A new report from the digital asset manager CoinShares suggests a massive transfer of wealth is set to benefit Bitcoin.

According to the firm, about $68.4 trillion in wealth owned by baby boomers and the silent generation will be handed down to Millennials and Generation X over the next 25 years.

And Millennials’ investing habits appear to be quite different than their forefathers.

CoinShares highlights a survey from Blockchain Capital that shows significant portion of respondents would rather own Bitcoin than government bonds, stocks, real estate and gold. The BTC price can “very easily” hit $50,000 during 2020, the CEO of one cryptocurrency industry business has told mainstream media.

In an interview with Bloomberg in Berlin on Jan. 3, Antoni Trenchev, head of Bitcoin lending platform Nexo.io, said Bitcoin price growth since its inception was almost unlike anything ever seen.

“It’s been an incredible asset uncorrelated to the overall market,” he told the network. 

Trenchev added Bitcoin’s journey to up to $20,000 was reminiscent of German hyperinflation after the First World War.

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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:

➡️ CRYPTO TRENDS REPORT: https://drive.google.com/file/d/1kPe42N6V5Ge7cqL5ipiWtPpxZLtbwhV5

https://cointelegraph.com/news/bitcoin-can-hit-50k-in-2020-very-easily-nexo-ceo-tells-bloomberg