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TIM DRAPER, BOBBY LEE, and TOM LEE: 3 Reasons To Be Bullish On Bitcoin | BTC News Today
➡️ TEEKA TIWARI: 12 SECONDS TO $12,000 REPLAY: http://12seconds.cryptonewsalerts.net
Considering the downward turn of the market, it may be surprising that industry experts are optimistic, but Bobby Lee, Tim Draper, and Tom Lee have some bold yet drastically different Bitcoin price predictions.
The closest of these predictions is $25,000 in the next three years, according to Tom Lee. Bobby Lee has the highest BTC price prediction in this lineup, stating that Bitcoin will reach $1 million by 2028.
Tim Draper, a venture capitalist, decided to move away from the halving proposals in the market today, instead proposing that Bitcoin would be worth $250,000.
Teeka Tiwari released ‘Palm Beach Quant’ last night during his exclusive live event, “12 Seconds to $12,000.”
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It uses 350 years of stock market data, complex aerospace technology, and an algorithm 100 times faster than anything you can access in a lab to predict where stock prices might move next.
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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:
#Bitcoin was designed to be SUPER valuable over time.First 10 yrs, there were only 2 block reward halvings, but the next 10 years, there‘ll be 3 (that’s 50% more)!
By 20th year, daily new output will just be ~255 BTC — yearly inflation of less than 0.5%. More scarce than #gold!
— Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) November 10, 2019
https://cointelegraph.com/news/crypto-markets-turn-red-while-btc-fails-to-impress-below-8-500
Post Views: 150 -
BITCOIN PRICE TARGETING 0K IN NEW MARKET CYCLE | BTC Could Explode 100% and Hit ,000 by May
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With the Bitcoin price crossing $10,000 for the first time this year, Crypto trader and strategist Joe Saz says we are now firmly in the disbelief phase of a new long-term Bitcoin (BTC) bull market, with market participants struggling to wake up and believe the bear market is actually over.
“I’ve been talking about Bitcoin having been in a disbelief run or phase of the bull market, and I think that’s still happening right now.”
In a new interview with BlockTV, Saz talks about how high he thinks the BTC price can go in this current bull run.
“My intense bullish projection is around $300,000 Bitcoin until this market bubble bursts. So I think we’re going to have another bubble, probably in two to three years from now. I think Bitcoin is going to break six figures by far, and $300,000 is my estimation, probably more like the mid $300Ks. But I think this is the bull run that takes us to those beautiful numbers.”
However, the trader says it won’t be a straight shot to the moon. Saz believes there will be a 30% to 40% pullback before the halving or at the time of the halving.
“It could happen as early as April. We do have tax season so who knows there could be a lot more upward pressure on the price through tax season as we’re entering that proximity and closing that distance to the halvening…
$14,500 is my low target by April. At this point, it’s looking like a low target. But overall, I think we have a couple of pullbacks along the way but I believe this is the bull market that’s going to take us to six figures.”
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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:
Bitcoin Starts Vertical Rally To $11.5K and $12K: Uptrend Isn’t Over Yet
Here’s Why Bitcoin Price Could Explode 100% and Hit $20,000 by May
Post Views: 114 -
BLOOMBERG ANALYST PREDICTS BITCOIN SHOOTING TO K TARGET RESISTANCE AND #post_titleT MARKET CAP IN 2021!!
➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net
Bloomberg Intelligence senior commodity strategist Mike McGlone says he expects the big Bitcoin rally to continue in 2021.
In a new December outlook on BTC, McGlone says Bitcoin’s new line of resistance in 2021 will likely be at the $50,000 mark.
“Bitcoin will maintain its propensity to advance in price into 2021, in our view, with macroeconomic, technical and demand vs. supply indicators supportive of $50,000 target resistance, implying about a $1 trillion market cap. The $10,000 mark has shifted to a critical support level after serving as the crypto’s resistance mark since 2017.”
The report says Bitcoin is “far from overheated,” noting its foundation of support may be greater than back in 2015 through 2017 due to increasing institutional investments and a drop in new supply due to this year’s halving.
“The year 2020 will likely be looked back upon as key to Bitcoin’s mainstream evolution, in our view. Strong inflows in regulated exchange-traded products, futures open interest, addresses used and allocations from corporate treasuries, and some billionaires, solidify the 2020 annual price of about $10,000 as foundation support…
Demand measures of Bitcoin and crypto assets appear to be gaining endurance for more of the same in 2021. From the Office of the Comptroller of the Currency (OCC) allowing banks to provide crypto-asset custody services to PayPal onboarding payments, clearing 2020’s volatility hurdle likely widens the path toward mainstream adoption.”
McGlone says the macro economy will also continue to serve as a headwind fueling both BTC and gold in the new year.
“The digital newcomer and old guard quasi-currencies stand to be primary beneficiaries of unparalleled quantitative easing, rising debt-to-GDP and an increasing focus on modern money theory.”
In other trending Bitcoin News today:
CEO of $7.4 Trillion Asset Manager BlackRock Says Bitcoin Could Evolve Into Global Market Asset
Larry Fink, CEO of the world’s largest money management firm, BlackRock, appears to be changing his once highly skeptical tune on Bitcoin and cryptocurrency.
Speaking to former Bank of England governor Mark Carney at the Council on Foreign Relations, Fink said BTC may be on a path toward evolving into a global asset.
“Bitcoin has caught the attention and the imagination of many people. Many people are fascinated by it. Many are excited about it. But it’s still untested, it’s still a pretty small market relative to other markets. We see these big, giant movements every day… it’s a thin market.
So, can it evolve into a global market? Possibly. Certainly by evidence of the imaginations of so many who want to learn about it or are interested in it, to me, is a very telling sign.”
Fink also says the advent of digital currencies could weaken the status of the US dollar as a reserve currency for non-Americans.
“Having a digital currency has a real impact on the US dollar because having a digital currency makes the need for the US dollar less relevant for international holders of dollar-based assets. Does it change the need for a dollar reserve currency if there was a true digital currency that was separated from dollar-based assets?”
In late November, BlackRock chief investment officer Rick Rieder also made a bullish case for Bitcoin, saying that the digital asset is here to stay and is well on its way to replacing gold as a primary store of value.
“Do I think it will take the place of gold to a large extent? Yeah, I do because it’s so much more functional than passing a bar of gold around.”
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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:
#bitcoin stock-to-flow cross asset model-if BTC doesn’t break it’s historical path-BTC market cap will approach gold market value $5-10T in 2021-2024-and approach real estate market value $10-100T in 2024-2028
-after 2028 we can no longer interpolate and enter uncharted waters pic.twitter.com/DGf6T87Tdf
— PlanB (@100trillionUSD) December 4, 2020
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