đ° BlockFi: Up To $250 Bitcoin Bonus: Mike Novogratz, CEO of crypto management firm Galaxy Digital, is dramatically pushing up his bullish Bitcoin price prediction for 2021. In a Bloomberg Technology interview, Novogratz shares that heâs…
đ° BlockFi: Up To $250 Bitcoin Bonus: â Mike Novogratz, CEO of crypto management firm Galaxy Digital, is revealing when he thinks Bitcoin will hit his target of $500,000. In a discussion with Michael Saylor on the WORLD.NOW event hosted by…
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Bitcoin Price K âWithin Weeksâ? Recovery Mimics 2013 700% Bull Run | BTC Will Shatter 0K
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
Bitcoin (BTC) is looking like it will hit $75,000 â and that could happen âwithin weeks,â one analyst has found.Â
Uploading a fresh BTC/USD price chart to Twitter on June 7, Cane Island Alternative Advisorsâ Timothy Peterson unearthed an uncanny similarity to Bitcoin in 2013.
Tracking the Bitcoin price recovery from its lows of $3,600 in mid-March, Peterson noted that its recovery almost exactly tracked price action from seven years ago.Â
The result, he argued, could keep up the copycat move:Â BTC topped out at $1,300 in 2013, and a similar 700% bull run at todayâs prices would give a target of $75,000.
âThe 2020 bitcoin recovery has tracked the 2013a recovery almost perfectly. Are we weeks away from $75,000?â
While such a spike seems unlikely, Bitcoin is already exhibiting strong signs that it is in recovery mode from lows that will never reappear.
Specifically, miner activity and associated data have mimicked December 2018, when Bitcoin bounced out of a year-long bear market at $3,100.
Nonetheless, comparing todayâs Bitcoin market with that of 2013 is all but impossible.
At the time, Mt. Gox was the only major exchange, itself imploding to cause a massive price crash.
Many argue that Mt. Gox was responsible for the run to $1,300.
In other trending Bitcoin News today:
Bitcoin (BTC) Will Shatter $520,000 According to New Stock-to-Flow Model â Hereâs When It Would Happen
A new twist on the Bitcoin stock-to-flow model (S2F) suggests the crypto king will blow past $520,000 â but it may take a while.
A pseudonymous quantitative analyst named QuantMario says PlanBâs popular S2F ratio, which divides the amount of BTC in circulation by the amount of Bitcoin mined per year, is overly bullish.
âAfter the fifth halving in about eight years from now, the original S2F model predicts the Bitcoin market capitalization to be higher than the value of all the property in the world: equities, real estate, fiat money, gold, etc. Sounds impossible? Right.â
Cryptâli, an editor at the crypto exchange startup SAFEX, says the new model, which shows BTC will make a slow and steady march to about $520,000 over the next two decades, places more realistic expectations on miner profitability and the overall use of electricity on the network.
âThe S2F modelâs output basically demands a 10x price increase from one cycle to the next cycle. If a constant profitability of miners is assumed (equilibrium of price and miner adoption), then the mining effort has to quintuple every four years â the combination of a tenfold increase of price and a halving of the block reward results in a five-fold increase of reward in fiat currency every four years.â
To address these issues, the adjusted S2F model predicts a significantly slower pace of growth for BTC.
In contrast, PlanBâs model predicts Bitcoin will hit $1 million by 2028.
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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/bitcoin-billionaires-movie-to-tell-winklevoss-bros-crypto-story
https://medium.com/@QuantMario/the-lgs-s2f-bitcoin-price-formula-751d0aac06af
https://cointelegraph.com/news/bitcoin-price-75k-within-weeks-recovery-mimics-2013-700-bull-run
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BITCOIN WILL HIT 0K BY 2022 MAY BE âTOO CONSERVATIVEâ SAYS BILLIONAIRE TIM DRAPER!!
âĄïž Leverage OPM (Other Peopleâs 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:
âI think itâll certainly hit that. But a lot of people are thinking that $250,000 was a little too conservative.âÂ
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 ââDeFiâ the venture capitalist businessâ 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?Â
TD: Tokenization will advance. Weâre 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.Â
Tokenization and shipping is also a great way for people to own containers to keep track of the entire Iot.
I think weâre 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 thatâs easily achievable, especially as more women start using Bitcoin, since they control 80% of retail spending. Itâs really interesting that there used to be one in 15 Bitcoin wallets that women held, and now itâs advancing.
As women start using those wallets, theyâll realize this is much easier. I moved as much of my money as I felt fair into Bitcoin. And so, yes, I think itâll 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)Â surpassed $14,000Â on Oct. 31, the day Satoshi Nakamoto released the Bitcoin whitepaper in 2008.
Since then, the worldâs 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: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
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
â Bit Harington (@bitharington) October 31, 2020
$15,000 by Monday #Bitcoin
â Max Keiser (@maxkeiser) October 30, 2020
Tim Draper wants to âDeFi venture capitalism,â also noting that Bitcoin will hit $250 thousand in the coming years thanks to consumer adoption. https://t.co/lrb1zJhM1s
â 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
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tom lee
âĄïžÂ OPM Wealth: Bitcoin Price May Rally 4,900% and Hit Half a Million Dollars, Says Fundstrat Analyst Tom Lee â Hereâs How The head of research at Fundstrat Global Advisors, Tom Lee, says Bitcoin (BTC) could rise to half a million dollars in…
âĄïžÂ OPM Wealth: The Bitcoin price is primed for average gains of almost 200% over the next six months, one of its best-known supporters has told mainstream media. Speaking to Yahoo! Finance on Feb. 4, Tom Lee, co-founder at Fundstrat Global…
Ripple XRP cryptocurrency is stuck at $0.29 â but this does not prevent its supporters from dreaming big with the upcoming Ripple Swell Conference scheduled to take place November 7th-8th. XRP price predictions shared in todays show range from $0.50…
Tom Lee of Fundstrat recently tweeted, âA lot of âsignalâ past few days in crypto and #bitcoin â China (friendly policy) â New ATH S&P 500 (positive) â Bitcoin Misery Index bottomed 10/24 at 36 and rebounding (positive) â…
âĄïž [PODCAST PROMO] Get 250,000 CMDX Tokens from our sponsor (Valued at $25) For Free: Tom Lee in a recent interview with BLOCKTV said, âThe Bitcoin (BTC) price has to be about $150,000 to be liquid enough for a related exchange-traded fund (ETF).â…
âĄïž 5 COINS to $5 MILLION REPLAY: New research suggest the Bitcoin price is being manipulated by futures settlement dates. The BTC price drops 75% of the time before futures expire. Wall Street analyst Tom Lee says, âBitcoinâs recent crash continues…
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