RETAIL INVESTORS WILL DRIVE A $1 MILLION BITCOIN PRICE – HERE’S HOW!!!! BTC EXPONENTIAL ADOPTION!!!!

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‘Buy Bitcoin‘ is emerging as the mantra against the ongoing global financial crisis.

The latest to join the cryptocurrency bandwagon is Chamath Palihapitiya, a billionaire venture capitalist with a history of investments in startups that Google and Microsoft would later acquire.

The Social Capital CEO was appearing on a CNBC daily to speak about the vast disconnect between a suffering economy and a cheering stock and bond market.

“We have completely divorced the economy from the stock and the bond markets,” Social Capital CEO Chamath Palihapitiya says. “The Fed has been the principal agent of that obfuscation.”

Before mentioning BTC, Palihapitiya criticized the U.S. Federal Reserve for launching a stimulus package that helped to inflate assets instead of helping taxpayers and consumers. He added that the central bank’s move neither solved income disparity nor unemployment.

What it did was allowing a few entities to play the financial markets to make more money.

The conversation shifted to the deflationary aspects of the Fed’s stimulus.

While Palihapitiya praised the Fed’s efforts to protect the U.S. economy amidst the coronavirus pandemic, he warned that the central bank’s decision to purchase corporate debt ETFs and balloon its balance sheets further could quicken “a really bad deflationary supercycle.”

When the question about where investors should put their capital as the economy shrinks popped, Palihapitiya recommended Bitcoin.

The veteran praised the cryptocurrency for its lack of correlation with other traditional assets.

He suggested that the feature alone could help investors obtain insurance against a deflating economy, citing Paul Tudor Jones, the founder & CEO of a $22 billion hedge fund, for taking a similar approach.

“Now all of a sudden even he is looking at bitcoin and the reason is [that] we are in this massive deflationary cycle,” said Palihapitiya. “I still struggle to find anything that is as uncorrelated to anything and to everything else than bitcoin.”

BITCOIN ADOPTION ON WALL STREET

Tudor Jones, on Monday, had told CNBC that he is holding about 1-2 percent of his net portfolio in the Bitcoin futures.

The billionaire investor, like Palihapitiya, commended the cryptocurrency for behaving as an insurance against the Fed’s massive money printing.

In other trending Bitcoin News today:

Crypto Milestone: Banking Giant JPMorgan Chase Provides Bitcoin (BTC) Bridge for Coinbase Customers The largest bank in the United States is singing a new tune about Bitcoin.

JPMorgan Chase is now offering banking services to cryptocurrency exchanges Coinbase and Gemini in a pivotal and critical turn for Bitcoin and digital assets as an emerging mainstream form of money.

The Wall Street Journal reports that JPMorgan Chase will allow Coinbase and Gemini customers based in the US to make ACH (automated clearing house) withdrawals and transfers, marking the end of the bank’s anti-crypto era led by CEO Jamie Dimon, the industry’s most outspoken crypto critic.

Dimon called Bitcoin “a fraud” in September of 2017. The chief executive went a step further when he threatened to fire any “stupid” employees caught trading the cryptocurrency.

That position has melted in the wake of the macro economic landscape that is awash in money printing, instability, mounting debt, shrinking GDP and a tumultuous stock market that has left investors looking for a hedge.

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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:

2014: “Bitcoin is a terrible store of value,” said Jamie Dimon2015: “Bitcoin will not survive”2016: “Bitcoin is going nowhere”2017: “Bitcoin is a fraud”2018: “I don’t really give a shit about bitcoin”

2020: –>https://t.co/rAWTvg2zL3

— Barry Silbert (@barrysilbert) May 12, 2020

“Buy Bitcoin,” Another Billionaire VC Tells Investors Looking to Escape Massive Deflation

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Crypto analyst PlanB says the Bitcoin price could eclipse the prediction of his controversial stock-to-flow model (S2F) and meteorically rise to a BTC price of $864,000 in four years.

In an interview with cryptocurrency podcaster Peter McCormack, the quantitative analyst says he actually made a conservative bet when he predicted that Bitcoin will hit $288,000.

“I’m on $288,000 as an average value. $100,000 would be very nice, too. But if you just follow the math, if you just follow the data, and I don’t mean the time-series model.

So we’re not looking at Bitcoin only. We’re looking at gold, silver, diamonds, real estate, all that stuff. It’s $288,000. That’s an average value.

It could overshoot, like three times, like it did the last phases. I don’t want to mention the number. I try to be conservative all the time. But let’s say a 2x or a 3x from that $288,000, and then it crashes again, of course.”

PlanB also highlights the significance of getting a publicly-listed company to purchase hundreds of millions of dollars worth of BTC as a hedge against inflation.

“I noticed a lot of people didn’t see the importance of what MicroStrategy did but because it’s a listed company, it means that people can put Bitcoin or well [get] Bitcoin exposure in their pension funds.

They could just call their broker and, they can’t say ‘Well, get me some Bitcoin in my pension fund.’ But they can say, ‘Get me these and these and these companies. I want to have those in my pension scheme.’ In that way, you could see MicroStrategy as an ETF.”

Meanwhile, the crypto analyst remains confident in his S2F model and stresses the fact that it is following the script so far.

PlanB also notes that the king crypto is starting to seriously pique the interest of big-money players.

“We now are seeing pull from clients, from people that go to Fidelity and all the big players and ask for Bitcoin in their pension fund.”

But, the widely-followed analyst emphasizes that the S2F model is not infallible.

“The model can fail. It’s a model right. It’s a theory. It’s more to describe something and it’s quantitative so that helps. But it is a model. It can fail. Bitcoin will not fail. I don’t believe that.”

As for the Bitcoin’s current correction, PlanB says that the pullback is meant to scare new investors.

“Small Bitcoin test to shake out weak hands that entered May-Aug. If you can’t handle this, get out now. If you can, welcome to the club! Things to watch –will this be the first dip that stays above $10,000 – will we see a fast V-shape recovery next days.”

In other trending Bitcoin News today:

Max Keiser Reaffirms His $400K Bitcoin Price Prediction

In a recent interview with Cointelegrpah, Max Keiser, host of the Keiser Report reaffirms his Bitcoin $400K prediction while ETH, BSV, BCH, and DeFi scams go to Zero.

Max sees the Bitcoin price climbing to $28,000 in the short term before seeing any major pullback and goes on to share that his $100,000 Bitcoin price prediction he made back in 2011 is still currently in play.

He recently increased his $100,000 BTC price prediction to $400,000 because he’s completely confident in that Bitcoin will compete with gold.

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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:

Bitcoin Falls 12% But a Reuters Poll Indicates Massive Rally Ahead

Bitcoin Could Shatter $864,000 by 2024, According to Crypto Analyst PlanB

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Bitcoin made history today breaking it’s previous all-time high, entering price discovery mode and surpassing $67,000 per BTC.

Co-founder of Fundstrat and Wall Street Strategist Tom Lee has revealed his expectations for Bitcoin before the year runs out. 

According to a Bloomberg report, Lee revealed that he had high expectations for the digital asset, which he believes would hit the $100,000 mark by the end of the year, and added that the asset could go as high as $168,000 before the year runs out.

In other trending Bitcoin News today: Bitcoin futures ETF debuts with highest ever first day ‘natural’ volume of $1B.

ProShares’ Bitcoin Strategy exchange-traded fund (BITO) saw the highest ever first day “natural” volume for an ETF, with the figure reaching a little over $1 billion by the end of the opening day.

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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:

https://bit.ly/3aTaV9B

https://cointelegraph.com/news/bitcoin-futures-etf-debuts-with-highest-ever-first-day-natural-volume-of-1b

https://cointelegraph.com/news/senators-pressure-facebook-to-immediately-discontinue-novi-wallet-pilot

https://cointelegraph.com/news/bitcoin-sees-its-highest-ever-daily-close-as-btc-euro-pair-hits-all-time-highs