Episode 450đ° Cryptoâs Next $1 Trillion Coin: Tesla confirms Bitcoin HODL strategy as new report says BTC shouldnât have a problem reaching $100,000 during the current bull cycle thanks to impressive behavior from hodlers. Also breaking BTC…
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âĄïž REPLAY: âThe Crypto Catch-Upâ â Bitcoin is the new gold, said Thomas Fitzpatrick â a Managing Director in the giant multinational bank Citibank. He also predicted that BTC could skyrocket to $318,000 per Bitcoin in the…
âĄïž REPLAY: âThe Crypto Catch-Upâ â With Bitcoin turning bullish, the mainstream institutions are also taking a special interest in the leading cryptocurrency. The latest is Citibank, whose bitcoin technical analysis sees…
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BLOOMBERG: BITCOIN CAN REACH 0K IN NEXT YEAR OR TWO!! BTC HAS NO TOP BECAUSE FIAT HAS NO BOTTOM!!
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
As Bitcoin inches closer to its previous $20K all-time high, Bloomberg analyst Mike McGlone shared on Bloomberg TV that heâs bullish on whatâs next for the benchmark cryptocurrency in the future and even predicted a $170,000 BTC price point by 2022.
Bitcoin closed Thursday at $17,821, slightly above the previous day and also a new 2020 high. Itâs also the highest it has reached in the last three years.Â
With Bitcoin now less than $2,000 away from its previous high of just below $20,000, analyst Mike McGlone from Bloomberg believes the dominant crypto is not yet finished in its ascent.
McGlone said that since Bitcoin added one in front of its number compared to last year, it will likely add a zero to the back of its number next year or by 2022.Â
âIf you look at past performance, which is potentially indicative of the future, next year or two could add a zero to the back of the number,â he said on Bloomberg TV.
Bitcoin ended 2019 at $7,000 and is now at $17,000. This means McGlone was right that the cryptocurrency added a one at the front of its number.Â
If Bitcoin adds zero at the back of its number, thatâs a price of $170,000, as McGlone predicted.
McGlone pointed out that Bitcoinâs price increase is because of peopleâs perception that it is digital gold, Cointelegraph reported.Â
Gold, a store of value, has also breached past $2,000 in a new all-time high and is now consolidating. Â
With that, Bitcoin could likely be consolidating at this price point as well, with $20,000 only acting as short-term resistance.Â
âIâm afraid itâs probably going to do what gold did. It got to $2,000, and then thatâs been consolidating in a bull market since,â McGlone continued.
Finally, McGlone mentioned that institutional FOMO (fear of missing out) is also the likely reason why the new price run is different from the one in 2017.Â
Both Microstrategy, a billion-dollar company, and payments firm Square announced that they have put Bitcoin as part of their reserves. PayPal Holdings Inc. recently allowed U.S. customers to purchase Bitcoin.Â
In other trending Bitcoin News Today:
âPrice Target $300K? Bitcoin Has No Top Because Fiat Money Has No Bottom â Max Keiserâ
The hosts of RTâs Keiser Report, Max Keiser and Stacy Herbert, look at Citibank coming out with âmoonmathâ on bitcoin with a hugely bullish price target of $318,000 by December 2021.
Max says that he canât believe what Citibank is saying because it is becoming âeven more aggressiveâ on the price than John McAfee who has always been âcrazy beyond the pale price predictions.â According to Max, Citibank is now kind of âtaking the price prediction crown.âÂ
According to Max, more banks will be competing with each other to come up with higher and higher price predictions.Â
âBut none of them are going to capture the ultimate bull market number because remember, bitcoin has no top because fiat money has no bottom.â
4 Reasons Why Bitcoin Price Is On The Verge Of A New All-Time High
Earlier today the price of Bitcoin (BTC) hit $18,815 on Binance for the first time in nearly three years. Following the breakout, BTC is on track to see a new all-time high in the near term for four significant reasons.
The factors that make a new record high likely are growing institutional demand, reduced selling pressure, a spot-driven market rally, and the significance of the $18,500 resistance breach.
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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://www.rt.com/business/507167-bitcoin-price-has-no-top/
https://cointelegraph.com/news/4-reasons-why-bitcoin-price-is-on-the-verge-of-a-new-all-time-high
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BTC PRICE COULD RECOVER IF BULLS DEFEND THESE KEY LEVELS | Chainlink Up 40% Despite Crypto Meltdown
âĄïžÂ OPM Wealth: http://opm.cryptonewsalerts.net
The BTC price faced a serious downturn this week, shedding more positions from above $9,500.
Now, the Bitcoin price is fighting for key support levels, in case it breaks down closer to the low $8,000s.
Bitcoin bounced on Friday, moving to $8,659.07 after dipping twice to the $8,500 tier.
At these price levels, the accounts in the money and out of the money are pretty well balanced.
The latest IntoTheBlock report shows that bitcoin may put up a serious fight around the $8,600 to $8,900 level, where 873,000 addresses are holding onto 643,000 BTC.
If that level breaks through, there are other signs of possible support levels between $8,100 and $8,300.
At that area, defense may come from an even larger group of 810,000 holders, who bought 593,000 BTC at this price point.
Addresses out of the money, if they decide to liquidate, may pose resistance at above $9,150.
But overall, the robust number of addresses in the money may lead to âhodlingâ behavior, giving bitcoin more resilience.
Chainlink (LINK) Up 40% despite Ongoing Crypto Meltdown; More Gains Coming?
Chainlinkâs native token LINK was among the biggest gainers as a majority of assets in the crypto market plunged deeply earlier this week.
The eleventh-largest cryptocurrency beat the bearish odds to grow by more than 40 percent since February 26.
It established a week-to-day high at $4.38 in early Saturday trading, hinting its inclination to behave as a hedge against Bitcoin, the top asset that plunged by circa 16 percent this week.
âChainlink is receiving tremendous exposure during this BTC, ETH retrace. Itâs performing with the lights on. There will be a sizable increase in wallets. More excited evangelists. More tweets. More buying, less selling. Welcome All To The Brotherhoood. LINKâ
The safe-haven narrative was not in play during most of the February session.
The LINK-to-USD exchange rate slipped almost in tandem with the rest of the crypto market after settling its year-to-date high of $4.90.
It was down by up to 36 percent before it even attempted a pullback.
But Chainlink validated its key supports, which other cryptocurrencies failed to maintain.
The coin bounced back from its 50-day moving average, showing higher buying interest near the area. It was not the case with Bitcoin or XRP, which plunged below their short-term moving averages in massive sell-off rounds.
Chainlinkâs ability to maintain its crucial floors led to a decent recovery this week, opening up the possibilities of extended upside momentum in the next.
âA bullish retest of the monthly close bought up recently,â said popular market analyst CryptoGainz. [There is now] zero resistance above. Absolute juggernaut. No reason to think [LINK] wonât outperform the field again next month.â
2020 #bitcoin halving will not be an easy ride:â US/Mnuchin: draconian anti-btc lawsâ Craig Wright: legal & patent FUDâ Hacks: like 2016 halving (DAO,Bitfinex)â MtGox & PlusToken selling narrativeâ Miner death spiral & futures FUDâ Forks
Risk vs S2F:https://t.co/FIMcEZWDPn
â PlanB (@100trillionUSD) February 18, 2020
Massive $68 Trillion Wealth Transfer Bullish for Bitcoin (BTC), Says Crypto Influencer
A looming, massive transfer of wealth is one of the single largest reasons to be bullish on Bitcoin, according to crypto influencer Nick Chong.
Chong, a journalist and marketer at the HTC Exodus Bitcoin division, says Millennials will likely funnel a portion of inherited wealth from their parents and grandparents into BTC, a shift that bodes well for the leading cryptocurrencyâs long-term prospects.
âBitcoinâs most bullish statistic: millennials will inherit $68 trillion from baby boomers. Why? Confluence of distrust in institutions, devaluation of fiat, shift from gold to BTC, and the growth of digital tech will make Bitcoin investing a no-brainer.â
Cerulli Associates, an asset management research firm, estimates nearly 45 million US households will hand over $68.4 trillion in wealth to heirs and charity in the next quarter century.
Chong cites an April 2019 report from venture capital firm Blockchain Capital, which indicated that millennial interest in Bitcoin was increasing despite the bear market at that time.Â
Wrote Spencer Bogart, a general partner at the firm,
âYounger demographics appear most inclined to purchase Bitcoin: 42% of those aged 18â34 said they are âveryâ or âsomewhatâ likely to purchase Bitcoin in the next 5 years â up 10 percentage points from 32% in October 2017.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:
#Chainlink is receiving tremendous exposure during this $BTC, $ETH retrace. Itâs performing with the lights on. There will be a sizable increase in wallets. More excited evangelists. More tweets. More buying, less selling. Welcome All To The Brotherhoood. $LINK
â John Cioffoletti (@JohnCioffoletti) February 27, 2020
Where’s money going? It’s clear money’s going into US10Y bonds (Blue). Money was going into Gold until recently (Black). Bitcoin (Orange) continues to be dragged down with stocks (Green) at this point.
BUT, the stage is set for #Bitcoin to do it’s own thing this weekend. $BTC pic.twitter.com/pZzgh225lK
â Alex Saunders (@AlexSaundersAU) February 28, 2020
With Crypto Markets, Gold, Stocks Falling, Where is the Money Going?
Chainlink (LINK) Up 40% despite Ongoing Crypto Meltdown; More Gains Coming?
Bitcoin Price Could Recover If Bulls Defend These Key Levels
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Episode 383
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