QUANT ANALYST PLAN B PREDICTS BITCOIN HYPERBOLIC SCENARIO – HERE’S HIS Q1 BTC PRICE TARGET!!

➡️ TEEKA TIWARI – The Investment of the Decade: http://2020.cryptonewsalerts.net

Former Goldman Sachs hedge fund manager Raoul Pal Says he’s preparing for Bitcoin (BTC) to hit $1,000,000 in as little as three years.

In the latest economic report from Global Macro Investor, Pal covers a litany of devastating figures on the state of economies around the world, from rapidly rising unemployment numbers in the US to plummeting retail sales in China.

He says a sharp V-shaped recovery is highly unlikely. “I think that growth will not recover meaningfully from this massive economic hit.

I think the narrative of hope is false hope. I would handicap a U-shaped recovery at 30%. I’d handicap a full debt deflation at 70%. Yeah. 70%.”

He expects baby boomers to “sell every rally they can to protect their last, rapidly diminishing nest egg.”

After that, he predicts boomers will stop spending, triggering slower growth and contributing to a mounting debt crisis. According to Pal, the only answers to the impending calamity are gold and Bitcoin.

“Gold is the protection of our assets. Bitcoin is the call option on the future system. Both are going to save us and probably make us rich… Gold can go up 3x or 5x in the next three to five years. Bitcoin, well, that’s a different story. I think [BTC] can get to $1 million in the same time period.”

Pal says gold now has a $15 trillion market cap, if assets that reflect the price of gold on paper are included. By that logic, and considering his bullish stance on gold’s future growth, Pal says it’s realistic to expect the Bitcoin price could rise to a $10 trillion market cap.

“Would it be crazy for Bitcoin to have a $10 trillion valuation? After all, it isn’t just a currency or even a store of value. It is an entire trusted, verified, secure, financial and accounting system of digital value that can never be created outside of the cryptographic algorithm.

It is nothing short of the future of our entire medium of exchange system, and of money and the platform on which it operates… I think this is the biggest trade of our lifetimes and just at the time when we need it most.”

Pal cautions that forecasting years into the future is a “complex and risky affair” and only time will tell if his theories are accurate. For now, Pal says he’s buying Bitcoin every day.

However, he’s not going all-in on the extremely risky asset, which is known for its dangerous volatility and violent moves to the upside and downside.

“The allocation I am personally aiming for, on my total available liquid assets, is 25% trading investments, 25% cash (all dollars), 25% gold and 25% Bitcoin.”

In other trending Bitcoin News today:

2 Key Technical Reasons Why a Bitcoin Rally to at Least $8K Is Likely

The BTC price has seen a strong rebound from $6,800 to $7,600 within a four-day span, recording a 12% increase.

Two technical factors are likely to push BTC to $8,000 in the near-term as traders anticipate a strong weekly close.

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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/2-key-technical-reasons-why-a-bitcoin-rally-to-at-least-8k-is-likely

https://drive.google.com/file/d/1nWQVpbyeVqwB1qHHVXs1G19b9_iUvrX9/view?usp=sharing

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

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 MicroStrategy, Novogratz proposes that Bitcoin will continue to perform well, more so as a store-of-value asset rather than as a currency.

“I think we’ve hit a tipping point in this network effect I talked about, and my base case is: if I look at Bitcoin as a percentage of gold, I think Bitcoin is going to be digital gold. I know a lot of people disagree with me. They’ll think, ‘No, it going to be money. It’s going to be the blockchains of all blockchains,’ I just don’t think so. I think it’s got a beautiful lane as a store of value. It was perfectly designed as a store of value.”

Seeing it as a store of value asset, the Galaxy Digital head says he believes the largest crypto asset will continue to catch up to gold’s $10 trillion market capitalization as it prints gains of over 10x in as little as three years.

“I think of it as, ‘What percentage of market cap is gold?’ We’re about 6% of the gold market cap. My sense is by the end of the year we are easily 10%. So that gets you to Bitcoin $55,000-$60,000. I know as soon as we get to 10%, we’re going to say, ‘Well why 10? Why not 20?’ And when we get to 20%, we’re going to be 50%, and then we’re going to be 100%.

So I would be $60,000 end of this year, and I’m $500,000 probably like 2024-2025… It doesn’t happen overnight. It happens with more and more education, with more and more seminars like this, with more and more communities buying into the idea.”

In other trending Bitcoin News today:

Roses Are Red, Violets Are Blue, Bitcoin Hits $49K And A New All-Time High Too

The Bitcoin price achieved a new record above $49,500 on Valentine’s Day on Feb. 14, rising to as high as $49,600 on Coinbase.

There are three main reasons Bitcoin surged to a new all-time high, high stablecoin inflows, clean break of the $38,000 resistance area, and a prolonged consolidation phase.

Throughout the past several days, despite Bitcoin’s consolidation below $38,000, on-chain analysts pinpointed the continuous increase in stablecoin inflows.

According to data from CryptoQuant, a data analytics platform, the Stablecoin Supply Ratio (SSR) rose significantly as it rallied from the mid-$30,000 region.

The SSR indicator shows the ratio of the market cap of Bitcoin relative to the aggregated market cap of stablecoins.

When the price of Bitcoin rises in tandem with the SSR ratio, then it means it is likely being driven by sidelined capital re-entering the market.

This trend is highly optimistic because it shows that the rally was not just driven by an over-leveraged futures market. In fact, it was genuine demand from the spot market that led the uptrend.

Atop the high stablecoin ratio, analysts also pinpointed the decline in selling pressure coming from miners.

The combination of the lower selling pressure from miners and the increasing stablecoin inflows into exchanges catalyzed the ongoing Bitcoin rally.

Bitcoin was consolidating under the $38,000 resistance area for a prolonged period. This presented a risk to the short-term bull cycle of Bitcoin.

When the price of Bitcoin hovers under a key resistance area for a long time, it increases the probability of BTC dropping to a lower support area to tap lower liquidity.

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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:

After the Bitcoin halving in May 2020, miners make half the $BTC they used to make.

Today, miners earned $4m in 1 hour, making it the biggest hourly revenue in history. h/t @glassnode

That’s how fast BTC has risen in the span of 9 months.

— Joseph Young (@iamjosephyoung) February 12, 2021

https://www.theblockcrypto.com/linked/94750/jpmorgan-bitcoin-btc-trading-client-demand-coo-comments

https://cointelegraph.com/news/roses-are-red-violets-are-blue-bitcoin-hits-49k-and-a-new-all-time-high-too

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

Pantera: Bitcoin in Early Stages of Large Bull Market Fueled by Powerful Macro Tide – Here’s How High THE BTC PRICE Could Go This Cycle

Executives at the crypto-focused venture firm Pantera Capital think future inflation will drive up the prices of Bitcoin and other crypto assets.

In a new market report, Dan Morehead, Pantera’s CEO and co-chief investment officer, and Joey Krug, the firm’s other co-chief investment officer, highlight the Federal Reserve’s new policy of allowing inflation to support the labor market, which they say is going to kick off a new bull run for digital assets.

“Assets such as gold which have not been impaired by the pandemic are rising even faster. Gold is at a 5,000-year high. Or, said another way, paper money is at an all-time low. However, the best performing assets are ones which have both fixed-supply and improved usage/fundamentals – like cryptocurrency.

Cryptocurrency has out-performed most/all other asset classes this year. We strongly believe we are in the early stages of a large bull market fueled by both a powerful global macro tide and growing fundamentals in the underlying technology.”

Morehead has placed his BTC price target at $115,000, which he thinks will likely happen by next summer.

Despite their confidence, however, they still warn that Bitcoin is volatile and risky, and remains a “massive hype cycle roller coaster.”

In terms of their own investments, Pantera recently sunk money into YFI and Terra (LUNA), according to the executives.

YFI is a two-month-old governance token for the decentralized finance (DeFi) protocol yearn.finance.

The asset has been largely immune to the September slump that plagued other cryptocurrencies and is trading at almost $40,000 at time of writing, according to CoinMarketCap.

Terra is a network of stablecoins pegged to some of the world’s major currencies. LUNA, Terra’s native staking asset, can be traded or staked to earn rewards in the network generated from transaction fees.

It is trading around $0.32 at time of writing.

In other tending Bitcoin News today:

Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase

“On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.”

This follows an update the company provided the SEC about its bitcoin investment plan.

In the filing dated Sept. 11, the Nasdaq-listed company revealed that its board of directors has adopted a new Treasury Reserve Policy “that updated the company’s treasury management and capital allocation strategies.”

Under this new policy, the company’s treasury reserve will consist of two types of assets.

The first type comprises “cash, cash equivalents, and short-term investments … held by the company that exceed working capital needs.”

The second type consists of “bitcoin held by the company, with bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for cash assets, including future potential share repurchase activity.”

Microstrategy clarified:

“As a result of this new policy, the company’s holdings of bitcoin may increase beyond the $250 million investment.”

Michael Saylor, Microstrategy’s CEO, has not always been pro-bitcoin.

He tweeted back in 2013: “Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.”

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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:

On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.

— Michael Saylor (@michael_saylor) September 15, 2020

Apparently there is some kind of bitcoin buying race between MicroStrategy and @Grayscale

Game on

— Barry Silbert (@barrysilbert) September 15, 2020

MicroStrategy is adopting a #bitcoin standard. Other companies will follow. Finally, central banks will follow (Switzerland likely to be the first.) A new gold standard for the digital age. A neutral store-of-value will create more check and balances for governments.

— Datavetaren (@Datavetaren) September 16, 2020

https://news.bitcoin.com/nasdaq-microstrategy-bitcoin-425-million/

https://cointelegraph.com/news/other-companies-will-follow-mstr-stock-up-9-after-buying-bitcoin