MICHAEL SAYLOR SAYS BITCOIN WILL SKYROCKET 300X IN THE LONG RUN HITTING $14 MILLION PER BTC!!!!!

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Top investor explains why the Bitcoin (BTC) price could surge 1,300% in the next 24 months.

For some reason or another, many investors and analysts have begun to fear the worst for the medium-term outlook of the Bitcoin market over the past few months.

Mark Dow, a hedge fund manager that shorted BTC when it traded at $19,000 in December 2017, recently claimed that the cryptocurrency will “die a grinding death, punctuated by spoofs and FOMO spasms of decreasing frequency and intensity.”

Though, some bulls are sticking to their guns. One such bull is Anthony Pompliano, a co-founder and managing partner of crypto venture fund Morgan Creek Capital.

In a recent interview, the long-time investor and tech entrepreneur remarked that he still believes that the Bitcoin price will hit $100,000 by December 2021, just over two years away:

“We will see Bitcoin’s price at $100,000 by December 2021.”

The reason: In less than six months’ time, BTC will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half, effectively meaning that Bitcoin’s inflation rate will be cut in half in layman’s terms.

In other Crypto news today:

3 hot Altcoins lead the market while Bitcoin (BTC) is prepping for its next block reward halving.

While open internet on the CME BTC futures has dropped to 6 month low, Bakkt’s has been reaching to a new high. In the meantime, we are less than 5 months away from the Bitcoin halving with prominent analyst Willy Woo saying, “Prep for halvening front running here on in.”

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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:

Bank of America believes the Federal Reserve may have to resort back to quantitative easing as early as Q4 this year.Step 1 was cutting interest rates.Step 2 is printing money.Step 3 will be the Bitcoin halving.

You can’t write a better script for the rise of Bitcoin 🔥

— Pomp 🌪 (@APompliano) August 7, 2019

https://en.ethereumworldnews.com/bitcoin-btc-price-could-surge-1300-in-24-months-top-investor-explains-why/

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For a number of years now Bitcoiners have predicted that the Bitcoin price will surpass its all-time high of $20K per BTC from 2017, and many believe it will rise to the $100k or six-digit price range.

This week cryptocurrency enthusiasts discussed the possibility of the crypto asset reaching $100k at great length.

In mid-December 2017, the price of bitcoin (BTC) touched an all-time high (ATH) of $19,600 per coin. Today, BTC is 45.81% lower than the 2017 ATH but a number of Bitcoiners believe that the crypto asset will surpass that price range.

For instance, at the 2020 Virtual Blockchain Week event, the well known venture capitalist Tim Draper said he believes the price of BTC will touch $250k by 2022 or early 2023.

Mark Yusko the CEO of Morgan Creek said he thinks BTC will reach $100k.

Other influencers who believe $100k per BTC is attainable include Blockfyre’s Simon Dedic, Cardano’s Charles Hoskinson, and Morgan Creek’s Anthony (Pomp) Pompliano.

This week a great number of average folks leveraging the Reddit forum also discussed the possibility of BTC reaching $100k.

The Reddit post called “How many people here think 100k is happening at any point?” was a topical discussion on Sunday and hundreds of people commented.

A deep scan into the thread shows that a great majority of bitcoiners think that $100k is destined to happen. Although, there were a fraction of individuals who did not think BTC could reach the six-digit zone.

A few people compared BTC to the likes of gold and said that the crypto asset will mimic the precious metal’s store of value benefits.

“Just look at the market cap for gold in the trillions, around $9 trillion,” the individual stressed. “If BTC hit the same market cap that would mean about $485k per currently circulating bitcoin. That’s just using this year’s numbers. and not counting for lost BTC.”

The subreddit r/bitcoin is not the only place on the web where individuals are discussing BTC hitting the six-digit range.

On Twitter, the $100k per BTC conversation is also very prominent. On September 25, the creator of the stock-to-flow (S2F) bitcoin model, Planb, held a poll about the six-digit price range which received over 24,000 votes.

While 34% said BTC will stay below $55k, over 26% said the crypto asset would be $100k and 19.5% voted for $288k per coin.

On Friday, Crypto Capital Venture told his 19,000 Twitter followers that $100k will happen but the crypto asset would probably slide back down to $30k. “Bitcoin to $100k isn’t a final destination,” he tweeted.

“It’s a pit stop; a service area where the rest of the world will finally have a chance to say ‘Ok, let me get on board please.’ … And then it’ll retrace to $30k.”

In other breaking Bitcoin News today:

More Than 32,000 Bitcoin or About $335M Has Been Withdrawn From BitMEX After The US Government Charges Its Owners

In the aftermath of criminal charges against BitMEX, the crypto community is debating whether the decentralized finance sector is also set to face the wrath of regulators.

On Oct 1, the U.S. Commodity Futures Trading Commission announced charges against three BitMEX executives for violating the Bank Secrecy Act (BSA) due to the exchange’s allegedly weak anti-money laundering and know-your-customer (KYC) policies.

DeFi protocols, including Decentralized Exchanges (DEXs) have made a virtue of having minimal AML and KYC procedures.

However many now wonder if DEXs are also obliged to comply with the BSA, even though most projects seek to decentralize ownership and governance throughout their communities.

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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:

Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!

— Donald J. Trump (@realDonaldTrump) October 2, 2020

https://cointelegraph.com/news/why-the-bitmex-charges-could-be-bad-news-for-defi

https://www.coindesk.com/bitcoin-stock-trump-covid

https://news.bitcoin.com/bitcoins-big-believers-6-digits-inevitable-btc-has-a-better-chance-of-going-to-100k-than-zero/

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Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin (BTC) with the expectation that it will rise to $500,000.

Announced earlier today via a blog and Twitter post, the firm stated it won’t be “buying overpriced ETFs” but will be “buying Bitcoin directly.” Currently ranked fifth globally in the investing category, according to SimilarWeb, and with 87 million website visits per month, The Motley Fool outlined three core reasons behind the purchase: Bitcoin is a better store of value than gold, it’s an effective hedge against inflation and it has the potential to become a transactional asset.

The firm will be investing in Bitcoin through its 10X real-money portfolio as one of 40 assets that it predicts will provide a 1,000% return over the next 15 years. The firm has recommended the digital asset as a core holding to all its 10X members and has provided time for them to purchase BTC before The Motley Fool initiates its own purchase. It added that in the coming weeks the company “will also be separately buying $5 million in Bitcoin on our own balance sheet.”

Due to the long-term commitment, the announcement explains that volatility is of little concern.

“While Bitcoin may very well continue to be volatile in the short term, we think it has 10x potential from today’s levels over the long term as part of a diversified portfolio. We plan to hold this Bitcoin investment for many years.”

Should the company’s prediction prove true, it will see Bitcoin passing $500,000 within the next 15 years. The Motley Fool says it has a solid track record with its investments.

The Motley Fool has so far named 10 of the 40 investment picks for the 10X portfolio, with the others being cloud computing company Appian Corporation, Swiss biotech firm CRISPR Therapeutics, cybersecurity firm CrowdStrike, e-commerce platform Etsy, genetic testing platform Fulgent, insurer Lemondate, social media platform Pinterest, mobile gaming platform Skillz and video communication firm Zoom. It is worth noting that many of these stocks have already been recommended in the firm’s other, more basic investment services.

The advisory firm has been aware of cryptocurrencies for years now, with a 2017 analysis suggesting that Bitcoin’s biggest competitor was not Ethereum but Litecoin.

In other trending Bitcoin News today:

‘Insane’ Bitcoin price consolidation means $48K is the new BTC support level

Bitcoin (BTC) has seen “unreal” price consolidation since the start of February 2021 — and fundamental support is now at $48,000.

According to on-chain monitoring resource Glassnode, the second month of the year has been a formative period for Bitcoin like no other.

Discussing the current state of the Bitcoin network, co-founders Yann Allemann and Jan Happel said that many price indicators had been allowed a “reset” in February.

“The amount of consolidation Bitcoin has seen since January is unreal. It really allowed fundamentals to catch up and indicators to reset,” they wrote in a tweet on Feb. 17.

“Looks like $48k is the new $35k now.”

The buoyant perspective adds fuel to the bulls hoping that $50,000, a level Bitcoin took for the first time this week, will form a solid foundation without a major 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:

We’ve got BIG NEWS! We’re buying $5 million in Bitcoin on our own balance sheet.

That’s right. $5 million.

— The Motley Fool (@themotleyfool) February 17, 2021

I’m raising my short term #BTC price target from $65K to $77K based on growing supply-shock issues – as coins are removed from exchanges

My 2021 target of $220,000 remains pic.twitter.com/y1SKIYQW53

— Max Keiser (@maxkeiser) February 17, 2021

$250k by end of 2022. Just 5X from here. Looking a lot more likely than when I made the initial prediction three years ago, eh? #Bitcoin

— Tim Draper (@TimDraper) February 17, 2021

https://cointelegraph.com/news/motley-fool-adding-5m-in-bitcoin-to-its-10x-portfolio-has-a-500k-price-target

https://cointelegraph.com/news/ethereum-hits-new-all-time-high-near-2k-as-analyst-says-2021-bull-run-is-different

https://cointelegraph.com/news/insane-bitcoin-price-consolidation-means-48k-is-the-new-btc-support-level