MEITU NOW HOLDS $100 MILLION IN BITCOIN AND ETHEREUM!! COINBASE RECORDS STAGGERING $1.8B IN REVENUE!

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

According to Robert Kiyosaki, an American entrepreneur and ‘Rich Dad Poor Dad’ author, owning Bitcoin (BTC), silver, and gold is a wise decision because the “Federal Reserve is dead.”

He cited the increase in so-called “zombie companies” and their respective debts, purportedly at $900 billion.

Kiyosaki writes that the debt “zombies” have will pass $1.6 trillion next year, putting risk on the Federal Reserve.

“FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with decling income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? “Accept what ever comes to you woven in the tapestry of your destiny.” Marcus Aurelius. Take care.”

To combat this trend, alongside a potential debt crisis and money printing, Kiyosaki has effectively prescribed Bitcoin, silver, and gold.

He has mentioned those assets to his over one million followers ad nauseam over recent months.

The “Rich Dad Poor Dad” author says that those assets are “real money” while the fiat money printed by Federal Reserve is “fake.”

Kiyosaki isn’t only bullish on Bitcoin in spirit — he has a price target for the cryptocurrency.

He wrote in May that BTC could hit $75,000 in the next three years while the two precious metals also perform well.

Kiyosaki’s poignant comments on the economy and its relation to gold and Bitcoin comes as the precious metal has rallied.

In other trending Bitcoin News today:

Little-Known Crypto Asset Far Outperforms Bitcoin (BTC), Surging 5,000% Since April 2019 – Here’s Why

A low market-cap coin is gaining recognition after printing 5,000% gains since April 2019.

Crypto analyst and investor Alex Saunders tells his 35,000 Twitter followers that he came across Synthetix (SNX) after attending the Edcon Conference in Sydney last year.

“We were extremely early into a hidden gem & and it has been the best performing project in the best performing sector: decentralized finance.”

Synthetix is a derivatives trading platform built on the Ethereum blockchain that allows users to bet on a number of assets including stocks, crypto, fiat currencies, and commodities.

Those who wish to participate in the market can do so trading by their BTC or ETH into Synthetic Network Tokens (SNX), which can be locked up as collateral to produce synths such as the sUSD (synthetic US dollar).

Traders who hold synths can bet whether a particular stock or currency will rise or fall. What’s unique about Synthetix is that users who choose to stake their SNX tokens as collateral can earn rewards.

SNX’s value proposition of reducing circulating supply by introducing rewards, compelling users to stake massive amounts of coins, and enabling them to get exposure to other assets appears to be driving demand.

Synthetix is currently the third-largest DeFi platform with over $259 million worth of assets locked. The cryptocurrency has a market capitalization of $154.2 million according to CoinMarketCap.

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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:

FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with decling income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? “Accept what ever comes to you woven in the tapestry of your destiny.” Marcus Aurelius. Take care.

— therealkiyosaki (@theRealKiyosaki) June 28, 2020

ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.

— therealkiyosaki (@theRealKiyosaki) May 16, 2020

The best performing #DeFi project of the past two years is $SNX. It’s up 5000% since April 2019 Edcon Sydney. After seeing @synthetix_io presentation I told members this was a top 2 $ETH project & I was buying. We took some profit in Dec but kept HODLing for the long term. 🔥🚀📈 pic.twitter.com/TdImu7GsVY

— Alex Saunders 🇦🇺👨‍🔬 (@AlexSaundersAU) June 26, 2020

Rich Dad Poor Dad Author Promotes Bitcoin: “Federal Reserve Is Dead”

https://cointelegraph.com/news/new-bitcoin-price-model-suggests-exponential-bull-run-in-one-month

➡️ OPM Wealth http://opm.cryptonewsalerts.net

Since BTC topping out at $6,500 on March 31, the Bitcoin price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147.

The pullback mirrored the poor performance in traditional markets where the S&P 500 and Dow dropped by 4.41% and 4.44% respectively. 

The slump in traditional markets appeared to be a reaction to dismal news that the United States surpassed more than 200,000 Coronavirus cases.

Earlier this week the White House also stated that it concurs with the estimate that up to 240,000 Americans could die from COVID-19 within the next 3 weeks. 

If true, this would likely extend the time social distancing and mass quarantine policies stay in effect, leading to additional damage to the economy.

As advised by many market analysts, global markets are unlikely to show signs of bottoming until the Coronavirus pandemic is brought under control. 

Surprisingly, shortly after equities markets closed BTC price broke from the pattern of lower highs with a sharp upside move which pushed the price to $6,744.

The move came as the Bitcoin price was on the verge of falling below the $6,200 support to complete the right shoulder of a rather sloppy head and shoulders pattern on the 4-hour time frame. 

Had that occurred, traders would be looking at a target near $5,150 so for bulls the current surge above the $6,600 resistance level is probably a welcome relief. 

The push through the $6,250-$6,450 range brought Bitcoin (BTC) above the $6,600 resistance and even though the price pulled back, traders are fighting to turn this level to support.

Once above $6,600 traders will target $6,725 and $6,900. 

On the daily timeframe, the volume profile visible range shows that above $6,900, the $7,100 to $7,200 zone could present stiff resistance.

For the short term, holding $6,600 as support then setting a higher high above $6,900 would be a positive step forward. 

Could Stablecoin Holdings Tip the Scale in BTC Bull’s Favor?

One factor that could bolster bulls eventually is the fact that the Stablecoin Supply Ratio is currently nearing an all-time low, showing that the current stablecoin supply has significant buying power and could bolster BTC.

“Stablecoin Supply Ratio (SSR) is near its ATL. Low SSR means the current stablecoin supply has strong buying power to purchase BTC and push the price up. USDT (ERC20) exchange balances at an ATH indicates that those coins are waiting on the sidelines,” Glassnode noted in a recent tweet.

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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:

This Indicator Shows Bitcoin May Soon See a Massive Influx of Buy Orders

https://cointelegraph.com/news/us-stimulus-package-might-cause-modest-improvement-to-bitcoin-market

https://cointelegraph.com/news/decoupling-bitcoin-price-surges-above-67k-as-stocks-again-bearish

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Two years ago, venture capitalist and noted Bitcoin investor Tim Draper publicly stated that BTC will hit $250,000 by 2022.

Yet, as Bitcoin continues to gain interest from investors, Draper revealed to Cointelegraph during an interview that a $250,000 price prediction may have been conservative:

“I think it’ll certainly hit that. But a lot of people are thinking that $250,000 was a little too conservative.” 

Draper also discussed the impact of the COVID-19 pandemic on the blockchain space, noting that tokenization will play a major role in solving problems related to global shipping and real estate.

Additionally, Draper shared his thoughts on decentralized finance, or DeFi, saying he wants to “‘DeFi’ the venture capitalist business” moving forward.

CT: Right now, the world is in the midst of a crisis. Which technological breakthrough will help humanity come out stronger on the other end? 

TD: Tokenization will advance. We’re seeing it in real estate, global shipping and in everything where items of value need to be moved between parties.

Now, these items can be transferred over the internet, which is so useful for industries like real estate and global shipping.

In the case of real estate, you could buy a piece of my house, or you could tokenize my real estate and own a piece of that property without having to buy the whole thing. 

Tokenization and shipping is also a great way for people to own containers to keep track of the entire Iot.

I think we’re going to see some extraordinary breakthroughs in shipping and also with any kind of logistic use cases.

CT: And are you still sticking with your prediction that Bitcoin will hit $250,000 by 2022?

TD: Yes, Bitcoin will hit $250,000 by 2022 or the beginning of 2023. That $250,000 is really based on a 5% market share of currencies.

I think that’s easily achievable, especially as more women start using Bitcoin, since they control 80% of retail spending. It’s really interesting that there used to be one in 15 Bitcoin wallets that women held, and now it’s advancing.

As women start using those wallets, they’ll realize this is much easier. I moved as much of my money as I felt fair into Bitcoin. And so, yes, I think it’ll certainly hit that, but a lot of people are thinking that was a little too conservative.

In other trending Bitcoin News today:

Bitcoin Price Hits $14,000 Exactly 12 Years After Whitepaper Released

The price of Bitcoin has surpassed the critical $14,000 mark, the highest level since January 2018.

The price of Bitcoin (BTC) surpassed $14,000 on Oct. 31, the day Satoshi Nakamoto released the Bitcoin whitepaper in 2008.

Since then, the world’s biggest cryptocurrency has seen remarkable and exponential growth across various areas.

Fast forward 12 years, since the October 31, 2008 release of the whitepaper, Bitcoin is in a different growth trajectory.

An institutional craze is leading the BTC rally, major financial institutions are supporting crypto assets, and the market has become increasingly liquid.

The 12-year anniversary of the Bitcoin whitepaper is particularly special for Bitcoin because it marks the third post-halving cycle.

Every four years, Bitcoin undergoes a block reward halving, which cuts the rate at which new BTC is mined by half.

This happens because 21 million BTC can ever exist on the blockchain.

As BTC approaches its fixed supply, the rate of production gets slowed.

A halving historically has had a positive impact on the price of Bitcoin.

It reduces the pace a new BTC supply is introduced to the market.

Consequently, every four years, there is less BTC flowing into the exchange market.

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Trezor: ► http://trezor.cryptonewsalerts.net

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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:

Compared to the past ($1, $10, $100, $1K, $10K), we will see a short insane mania fomo peak above $100K. It’s impossible to say how high exactly. Anything between $120K and $220K I guess, based on these previous tops.https://t.co/LxYLwAJM7o

— Bit Harington (@bitharington) October 31, 2020

$15,000 by Monday #Bitcoin

— Max Keiser (@maxkeiser) October 30, 2020

Tim Draper wants to “DeFi venture capitalism,” also noting that Bitcoin will hit $250 thousand in the coming years thanks to consumer adoption. https://t.co/lrb1zJhM1s

— Cointelegraph (@Cointelegraph) October 30, 2020

https://www.wsj.com/articles/cash-is-trash-so-lets-bet-425-million-on-bitcoin-11604070071

https://cointelegraph.com/news/tim-draper-seeks-to-defi-the-venture-capital-business-with-bitcoin

https://cointelegraph.com/news/bitcoin-price-hits-14-000-exactly-12-years-after-whitepaper-released