Mike McGlone Calls Major Bitcoin Breakout | At This Rate Grayscale Will Own 3.4% of ALL BTC by January

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

Bitcoin hitting $300,000 per BTC in just one year’s time is “not out of the question,” popular statistician Willy Woo says.

In a series of tweets on Dec. 1, Woo stated that he has “never been so bullish” on Bitcoin’s prospects for 2021.

Discussing potential Bitcoin price trajectory, he confirmed that he was looking at six figures by December next year.

“My Top Model suggesting $200K per BTC by end of 2021 looks conservative, $300K not out of the question,” one post read.

“The current market on average paid $7456 for their coins. You all are geniuses.”

Woo used his technical Top Cap metric to deliver the forecast. Despite being what his analytics website Woobull calls “experimental,” Top Cap has accurately matched price tops in the past.

Continuing, he eyed the decreasing amount of BTC held on spot exchanges as a sign that bullish price action would be catalyzed in the coming twelve months.

“I’ve never been so bullish for 2021,” he wrote.

“This re-accumulation phase coincides with spot market inventory depletion roughly 2x longer and deeper than the last cycle. It will send BTC.”

Lastly, the dollar gain in Bitcoin’s market cap for each dollar invested this cycle has outpaced the 2013 and 2017 bull runs.

“All pointing to reflexivity increasing; an amplified 2021 bullish feedback loop,” Woo concluded.

Is anyone bearish on 2021?

As Cointelegraph reported, Woo is far from alone in his optimistic outlook for post-2020 Bitcoin.

Sky-high price predictions have come thick and fast over the course of the past two months, with quant analyst PlanB’s $100,000 December 2021 estimate now looking decidedly modest.

Beyond technical circles, familiar figures such as serial investor Mike Novogratz have begun taking price predictions to the mainstream. In the case of Novogratz, he told actress Maisie Williams last month that BTC/USD would head to $20,000 and then to $65,000. Williams subsequently invested.

This week, meanwhile, a giant $590,000 price forecast came courtesy of the Realized Profit/ Loss metric, which has returned to its classic bull run launch position.

In other trending Bitcoin News today:

Bitcoin Moves $500K Around The Globe Every Second, Says Samson Mow

Samson Mow, chief strategy officer at Blockstream, says Bitcoin was never about “transactions per second and coffee,” but about value and a “new financial paradigm.”

Blockstream’s Samson Mow wants to move the conversation away from Bitcoin’s (BTC) performance in transactions per second and toward its role in ushering in “a new financial paradigm,” that is, serving as a permissionless medium for the store and transfer of value.

“Bitcoin moves nearly half a million dollars in value around the globe permissionlessly every second. It was never about transactions per second and coffee. It’s all about value transacted per second and a new financial paradigm. VTPS not TPS. Nothing comes close to BTC”

Mow’s argument is that “VPTS [value transacted per second] not TPS [transaction per second]” is what really counts. Calculations for the video were reportedly made using on-chain data by the editor of the Blockstream engineering blog, who goes by “Grubles” on Twitter. 

The editor similarly tweeted that “Bitcoin scales just fine. 1 BTC can store an infinite amount of value.”

The video, according to a follow-up tweet from Mow, “was inspired by a stupid XRP marketing video comparing their sh*tcoin’s TPS [transaction per second] to Bitcoin’s.”

Blockchain.com data shows that as of Dec. 1, the total estimated value of transactions on the Bitcoin blockchain was estimated at $4.627 billion. This figure hit $5.15 billion, close to its all-time-high, on Nov. 5.

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on Spotify: http://spotify.cryptonewsalerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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

Ledger: ► http://ledger.cryptonewsalerts.net

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:

Views on 2021 (THREAD):My Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question.

The current market on average paid $7456 for their coins. You all are geniuses. pic.twitter.com/5t1pHXwE0b

— Willy Woo (@woonomic) December 1, 2020

#Bitcoin moves nearly half a million dollars in value around the globe permissionlessly every second. It was never about transactions per second and coffee. It’s all about value transacted per second and a new financial paradigm. #VTPS not #TPS. Nothing comes close to @BTC. 👑 pic.twitter.com/aXfDauPx9b

— Samson Mow (@Excellion) December 2, 2020

https://cointelegraph.com/news/why-one-analyst-says-bitcoin-is-on-the-cusp-of-busting-through-20k

https://cointelegraph.com/news/bitcoin-moves-500k-around-the-globe-every-second-says-samson-mow

https://cointelegraph.com/news/bitcoin-hitting-200k-by-december-2021-is-now-conservative-willy-woo

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

Bitcoin Long-Term Cycles Offer Hopium…

When near-term BTC confusion prevails, sometimes it’s best to take a step back to see the bigger picture of where the market is and what possibilities the future holds.

According to Inmortal, a pseudonymous Twitter user, Bitcoin’s four-year cycle is currently about 65% through its bull-market phase and the trader predicts a top at $150,000, which will be followed by a correction to $32,000.

In other trending Crypto News today: Ethereum price can hit $14,000 if the March 2020 chart fractal holds.

Ethereum’s native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend’s striking similarity with the one from last year.

🔥 Subscribe on Spotify: http://spotify.cryptonewsalerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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

Ledger: ► http://ledger.cryptonewsalerts.net

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-traders-express-mixed-emotions-about-what-s-next-for-btc-price

https://cointelegraph.com/news/ethereum-price-can-hit-14k-if-the-march-2020-chart-fractal-holds

https://cointelegraph.com/news/paypal-set-to-launch-crypto-trading-in-the-uk-and-may-embrace-defi

https://cointelegraph.com/news/microstrategy-pledges-to-buy-more-btc-despite-paper-loss-on-its-holdings-of-424-8m-in-q2

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

“I think $50,000 Bitcoin price will trigger a global FOMO panic-buying spree that will destabilize the global banking system fatally”, shared BTC pioneer Max Keiser in a recent Tweet.

Heisenberg Capital founder Max Keiser says that Warren Buffett has missed out on numerous prosperous investments such as Apple and Amazon as “his timing is poor.”

At the same time, Buffett “shunned Gold for 20 years while Gold outperformed Buffett for 20 years.”

As such, Keiser asserted that Buffett and another Bitcoin basher – Peter Schiff – will eventually catch on with BTC and start accumulating.

“My guess is that Buffett (or whoever takes over after he passes) will start panic-buying Bitcoin at $50,000, just like Peter Schiff will do.

The only major player in the money management business that knows what they’re doing is Paul Tudor Jones who I expect will take his Bitcoin allocation up from the current 2% of the portfolio to 10% in the near term.”

Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks.

Similiar with gold, Buffett has been bashing “the new gold,” Bitcoin, and this raises the question of whether he may change his mind on the primary cryptocurrency at some point in the future.

The soon-to-turn 90-year old chairman and CEO of Berkshire Hathaway have never displayed any favoritism regarding gold and its role as an investment tool.

In his 2019 letter to Berkshire Hathaway’s shareholders concerning an upcoming financial apocalypse, Buffett refers to the ones planning to accumulate gold as a hedge instead of making investments in “American businesses,” their portfolio would be much smaller:

“And what would that supposed protection [gold] have delivered? You would now have an asset worth less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle.”

Another asset, quite similar to gold in terms of fixed supply and recent price movements that Buffett hasn’t been fond of, is Bitcoin.

Previously, he had referred to the primary cryptocurrency as a “rat poison squared,” and a “gambling device,” and even a lunch with Justin Sun, CEO of TRON, and other leading crypto figures couldn’t change his mind.

But what if the American investor somehow changes his attitude about Bitcoin like JPMorgan CEO Jamie Dimon did?

And, what if Buffett starts allocating funds into the primary cryptocurrency, like Paul Tudor Jones III and MicroStrategy did?

Such a drastic change of heart could not only push BTC’s price into the stratosphere but also start a snowballing effect that will ultimately enhance the asset’s adoption rates among the masses.

In other trending Bitcoin News today:

Why Experts Feel Bitcoin IS Going to Cross The 100K Mark In 2020

Many experts feel that sometime in the future, the prices of bitcoin will go as high as $100,00 landing it to the six-digit zone.

However, the prices are being said can even be higher than 100k.

There are plenty of insiders in the industry who are analysts and experts who believe that the price of BTC will very easily touch $100,000.

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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

Ledger: ► http://ledger.cryptonewsalerts.net

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://cryptopotato.com/max-keiser-warren-buffett-will-start-panic-buying-bitcoin-at-50000-just-like-peter-schiff/

https://www.techtimes.com/articles/251825/20200815/why-experts-feel-bitcoin-is-going-to-cross-the-100k-mark-in-2020.htm