RIPPLE XRP Ready to ‘Swell’ 220% in the Next Three Weeks! | Bitcoin’s Next Big Move!

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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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Discover the ‘Final 5’ Teeka Tiwari picks of 2020 before the infamous Bitcoin halving.

Regardless what happens next to the BTC price, these cryptocurrency projects from Teeka simply cannot be ignored…. Teeka Tiwari is back with ‘5 Coins to $5 Million’: THE FINAL 5

“FIVE Tiny Cryptocurrencies That Could Turn $500 Into $5 Million…

Thanks To A Crypto Market Phenomenon Guaranteed To Hit In Roughly 50 Days”

This Could Be The Biggest Millionaire-Making Event In Human History (It’s NOT The Bitcoin Halving) For the past six months, Teeka Tiwari – the independently ranked #1 most trusted person in crypto – has been on a world tour, investigating a rare crypto market phenomenon…

100% guaranteed to happen only once every four years. (It’s not the halving. The answer may surprise you.)

Over 100 billionaires and wealthy investors are in a buying frenzy right now, preparing for this phenomenon.

The last time it occurred in 2016 (we won’t see it again until 2024), you could’ve turned $500 into as much as $5 million – in 10 months.

During this landmark online training event, Teeka will fly you to the hidden-in-plain-sight epicenter of this phenomenon… so you can see with your own eyes: It’s real.

It’s 100% guaranteed to hit in roughly 50 days.

And it could be bigger than any other phenomenon before.

Bitcoin Price Sinks to $4,390 as Dow’s 1,000-Point Drop Risks Bigger Breakdown

Bitcoin (BTC) jumped towards $6,000 in overnight trading as Federal Reserve reduced its benchmark interest rates, but trimmed gains as some traders liquidated their positions for cash amid sell-off in stocks.

The bitcoin-to-dollar exchange rate plunged to $4,396.50 by 10:05 UTC, bringing its 24-hour losses further up by 13.78 percent. The bitcoin futures contracts listed on CME were also trading 15.67 percent lower into the day – at $4,495 – signaling that the cryptocurrency could dip further heading into the Monday’s US session.

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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:

A really cool fractalI added some context to it, comparing the virus with the 2008 crashGann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY

Kudo’s to @CryptoCapo_ and @kenzboard who showed me the fractal pic.twitter.com/JHTPZO6s1w

— //Bitcoin 𝕵ack 🐐 (@BTC_JackSparrow) March 15, 2020

S&P 500 futures stuck at -5% limit down *after* the Federal Reserve announced 100 basis point rate cut, $700 billion in QE, and an abolishment to reserve requirements.The Fed has shot nearly all of its ammo — seemingly no bullets landed.

So what’s next?

— Nick Chong (@_Nick_Chong) March 16, 2020

With the FED effectively cutting interest rates to zero, it seems evident that negatives rates are just around the corner. Good thing there’s a plan B.#bitcoin

— Jonathan Leong (@BTSEJonathan) March 16, 2020

While it’s crazy that #gold is down so much, it’s even crazier that #Bitcoin is down so little. Though gold is down 4% and Bitcoin is down 15%, one Bitcoin still buys three ounces of gold. That’s a great exchange rate. Hodlers had better act quick or they will miss their chance.

— Peter Schiff (@PeterSchiff) March 16, 2020

Scarily Accurate Fractal: Bitcoin Will Trade at $20,000 By Q1 2021

Bitcoin Sinks to $4,390 as Dow’s 1,000-Point Drop Risks Bigger Breakdown

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

According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.

In Held’s view, this market cycle is fundamentally different from previous ones. “This is one in a hundred year moment”, he said, mentioning the coronavirus crisis, growing distrust in financial institutions and central bank money printing as catalysts of the current crypto bull market.

“People aren’t just in it for a speculative run anymore. People are buying it because they see Bitcoin’s value”, he explained.

Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments’ monopoly over money.

“Bitcoin undermines their entire power and authority by removing money from their ownership,” he said.

At that point, governments will see crypto as a threat and crack down on it in what Held defines as a “crypto mass extinction event.” According to Held, altcoins won’t be able to survive such an attack, since most of them are “degrading their censorship resistance and decentralized properties in order to increase their throughput.” Bitcoin, however, was specifically designed to resist such censorship.

“Satoshi built the Blockchain to build Bitcoin, and he built it to be an incredibly resilient tool against governments,” Held said.

In other trending Bitcoin News today:

Morgan Stanley Rumored To Be Eyeing Stake In Top Korean Exchange Bithumb

According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant share in leading Korean cryptocurrency exchange, Bithumb.

The news was reported on March 18 by Aju News, with Bithumb reportedly in discussions with major Bithumb shareholder, Bident — who owns a roughly 10% stake in Bithumb Korea.

A March 19 article from leading local search engine Naver states that Morgan Stanley is planning to invest between 300 and 500 billion Korean won ($254 million to $441 million). The report cited an anonymous senior Bithumb representative as stating, “Morgan Stanley participated in the acquisition of Bithumb.”

“The reason Morgan Stanley used Bident is because it understood that Bident has the right to negotiate a preferred sale to acquire Bithumb Holdings,” said a second anonymous source familiar with the matter.

Cointelegraph markets analyst Joseph Young shared the news to Twitter, noting Bithumb is targeting a $2 billion valuation.

The news comes two days after Cointelegraph reported on an “internal memo” from Morgan Stanley announcing the firm will launch three funds enabling Bitcoin ownership for wealthy customers with “an aggressive risk tolerance.”

Eligible clients must be accredited investors and hold at least $2 million worth of capital with the company. Minimum investments into the funds are $5 million.

Commenting on the news, Devin Ryan of U.S. investment bank JMP Securities predicted Morgan Stanley’s crypto-friendly funds will prompt other financial institutions to explore offering their clients exposure to digital assets.

“Motivations range from missing the opportunity at best, or at worst, seeing business disruption if clients decide better alternatives exist, which could negatively impact growth or competitive positioning,” Ryan said.

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

Wow.Morgan Stanley is reportedly bidding for Bithumb, South Korea’s top crypto and bitcoin exchange, for $2 billion valuation.Slowly, then surely.

The explosiveness of institutional interest in this space right now is unprecedented.

— Joseph Young (@iamjosephyoung) March 19, 2021

More and more people are beginning to understand how #Bitcoin demonitizes violence. If you want peace switch to a Bitcoin standard.

“Max Keiser Makes Claim That Bitcoin Could Prevent 9/11 Attacks” https://t.co/h7fRq3kBrA

— Max Keiser (@maxkeiser) March 18, 2021

https://cointelegraph.com/news/supercycle-may-propel-bitcoin-over-1-million-kraken-s-dan-held-says

https://cointelegraph.com/news/morgan-stanley-rumored-to-be-eyeing-stake-in-top-korean-exchange-bithumb

https://cointelegraph.com/news/bitcoin-price-facing-final-resistance-before-68k