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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the worldâs assets combined. So in the grand scheme of crypto, this is why many analyst believe weâre still so early.
âIf Bitcoin captures just 5% of the market cap of other assets on this chart, itâll be worth over $2M/coin.â
In other trending Bitcoin News today: Bitcoin bears lack âballsâ to continue selling into 2022!
BTC bears will probably be too âstonelessâ to keep prices down much longer, fresh Bitcoin price analysis argues.
In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoinâs recent 39% correction.
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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/analysts-expect-turbulent-bitcoin-price-until-46-500-flips-to-support
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314: THE âULTIMATEâ CASE FOR A 0,000 BITCOIN PRICE BY THE WINKLEVOSS TWINS!! BTC ANALYSIS TODAY!!
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Bitcoin Billionaires, Tyler and Cameron Winklevoss, believe weakness in the U.S. financial system and other factors mean the Bitcoin price could one day reach $500,000 per BTC.
âInflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or bitcoin will outrun the scourge. And money stored in bitcoin will run the fastest, overtaking gold,â the brothers said in their latest analysis.
It added that âBitcoin has already made significant ground on gold â going from whitepaper to over [USD] 200 billion in market capitalization in under a decade.
Today, the market capitalization of above ground gold is conservatively [USD] 9 trillion.â
By applying a gold framework to value bitcoin, the twins say that, should BTC continue on this path, the bull case scenario for the cryptocurrency could be that it is currently undervalued by a factor of 45. According to the analysis:
âSaid differently, the price of bitcoin could appreciate 45x from where it is today, which means we could see a price of [USD] 500,000 ⊠per bitcoin.â
Furthermore, the forecast says it does not factor in the possibility of BTC displacing a share of the USD 11.7 trillion dollars of fiat foreign exchange reserves that are currently held by governments worldwide.
âForeshadowing this, at least one publicly-traded US corporation has begun holding bitcoin as a treasury reserve asset.
If central banks start to diversify their foreign fiat holdings even partially into bitcoin, say 10%, then 45x gets revised upward towards 55x or [USD] 600,000 per bitcoin, and so forth,â the brothers said.
Winklevoss Capital has bought shares in a number of companies from the blockchain industry, including digital wealth management solution BlockFi, and micropayment infrastructure provider ChangeCoin.
The home office also invests in cryptocurrencies, including BTC and Zcash (ZEC), according to data from the firm.
In other trending Bitcoin News today:
3 reasons why Yearn.finance YFI price just hit a new high of $18K!
YFI, the native token of the Decentralized Finance (DeFi) giant yearn.finance, achieved a new all-time high. It soared by 30% in the last 12 hours from $14,017 to $18,169, entering price discovery.
The term price discovery refers to when an asset hits a new record high and markets seek a new peak. YFI entered price discovery for the first time in 8 days, after achieving its previous peak at $16,666.
Three factors likely triggered the rally of YFI to a new all-time high: a potentially new partnership, a listing on Aave, and strong technicals.
On Aug. 28, the money market protocol Aave (LEND) listed YFI. Aave is the largest DeFi protocol in the global market with more than $1.52 billion in total value locked.
As Cointelegraph previously reported, Aave received approval from the U.K. Financial Conduct Authority, which further secured the dominance of Aave over the DeFi market. Jordan Lazaro Gustave, the COO of Aave, told Cointelegraph:
âAave will also be making credit delegation possible, where party A can delegate their credit line to party B, who can borrow against it. This will all be made possible by a legal agreement via OpenLaw. For example, a credit delegator could be a party that wants to build up more credit, and a borrower could be a business, NGO, government, institution, etc.â
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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:
Prepare to be patient in #Bitcoin. Each up cycle takes longer to play out and is less extreme as absolute dollar value gets much larger.May or may not be another 6-12 months before price breaks up. Should not matter as end price point obscenely higher.
Hodlers rejoice. pic.twitter.com/IH7izyxXvm
â Dan Tapiero (@DTAPCAP) August 28, 2020
Friday Fun: modeling #bitcoin price with central bank balance sheets (FED+ECB). 90% R2. Recent QE fueled explosion of FED and ECB balance sheets to $7T and $6.4T implies a BTC price of ⊠$20Mđ„đ„đ„ pic.twitter.com/WPS8Ft9B2r
â PlanB (@100trillionUSD) August 28, 2020
https://cointelegraph.com/news/traders-say-bitcoin-now-faces-2-main-scenarios-16k-or-96k-heres-why
https://cointelegraph.com/news/3-reasons-why-yearnfinance-yfi-price-just-hit-a-new-high-of-18k
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BITCOIN PRICE WILL RISE ABOVE 0,000 SAYS ANTHONY POMPLIANO!! BTC DEMAND IS SKYROCKETING!!
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Morgan Creek Digital co-founder and prominent Bitcoin advocate Anthony Pompliano says the BTC price will soar above $400,000 en route to an $8 trillion dollar market cap.
In a new interview with Peter McCormack, the host of the What Bitcoin Did podcast, Pompliano explains why he expects the king crypto will eclipse the market capitalization of gold.
âHereâs what I continue to tell people, name to me a business that was analog and got digitized and the digital version is smaller than the analog version. It doesnât happen. Itâs because digitization brings all kinds of advantages. Itâs a market-expanding technology.
There are people [who] would debate what the size of the gold market is but letâs just use easy numbers. Letâs say that itâs $8 trillion. That puts Bitcoin at, depending on how many are lost or stolen, $400,000 [to] $450,000 today. Do you think that Bitcoin is going to be the equivalent of the gold market? I donât. Itâs better. Itâs going to capture more market.â
To support his argument, Pompliano says Bitcoin is a story of technological evolution akin to internet-powered giants like Airbnb and Uber.
âOne day, I believe we will say âBitcoin is the largest currency in the world in terms of market cap and it will have no one controlling it.ââ
As for the next two years or so, the Morgan Creek Digital executive is sticking to his prediction that BTC will skyrocket to $100,000 by the end of 2021.
Pompliano says the US governmentâs monetary policy of printing trillions of dollars in stimulus will be one of the main catalysts that will drive the value of the king coin.
âNow what we see is a world where gold, Bitcoin, real estate are all going to do really well. Because you simply canât print trillion of dollars of a currency and have no impact on that currency.
Weâre literally seeing the exact theoretical impact of quantitative easing become reality. They printed trillions. The dollar got weakened. When the dollar weakens, asset prices all explode.â
In other trending Bitcoin News today:
ANALYST: BITCOINâS RECENT SURGE LOOKS LIKE THE START OF 2019âS 250% RALLY
According to the trader that predicted Bitcoinâs breakout at the start of 2019, BTC looks structurally similar to the 2018-2019 bear market bottom:
âCanât believe I didnât see it before. On the Weekly, classic pattern I call the âSmooth Transfer of Powerâ A. Bears get weaker as price descends B. Bulls silently buying all along take control C. Re-test of power D. Lift off Compare to the Monthly one, Crypto Winter â18-â19.â
The trader is saying that should history rhyme, BTC is on the verge of an extended bull run.
The formation of Bitcoinâs candles isnât the only trend that analysts see as a signal of an impending long-term bull run.
Bitcoinâs âSuper Trendâ on the weekly chart just printed a bullish candle for the first time since the start of 2019âs rally.
The trader who made this observation first wrote in regards to the chart below:
âThe supertrend went green on the weekly. Probably no big deal. Itâs not like this indicator has marked major macro bull & bear cycles in the past.â
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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:
Analyst: Bitcoinâs Recent Surge Looks Like the Start of 2019âs 250% Rally
https://cointelegraph.com/news/3-bullish-signs-that-overall-demand-for-bitcoin-is-skyrocketing
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BITCOIN PRICE CAN STILL HIT $450K IN 2021, $135K IS âWORST-CASE SCENARIOâ SAYS PLANB!!
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Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the âworst case scenario.â Thatâs according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis.
âBitcoin is below $34K, triggered by Elon Muskâs energy FUD and Chinaâs mining crack down. There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug 47K, Sep 43K, Oct 63K, Nov 98K, Dec 135K.
Wait until you seen my base case and best case scenarios! OK, a hint: best case Dec $450Kâ
In other trending Bitcoin News today: Rich Dad Poor Dadâs Robert Kiyosaki Warns of âBiggest Crash in World Historyâ â Expects $24K Bitcoin Price. Famous author and investor Robert Kiyosaki has predicted that the biggest crash in the history of the world is on the way.
âBiggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for bitcoin to drop to $24K. Crashes best time to get rich.â
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Trezor: âș 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 is below $34K, triggered by Elon Musk’s energy FUD and China’s mining crack down.
There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K pic.twitter.com/hDONOVgxH1
â PlanB (@100trillionUSD) June 20, 2021
https://cointelegraph.com/news/bitcoin-price-can-hit-450k-in-2021-135k-is-worst-case-scenario-planb
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