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“If Bitcoin repeats the pattern after the last consolidation – we could see $147k BTC price by mid-May”, the Bitcoin Archive shared on Twitter to its 119,000 crypto followers.

In other trending Bitcoin News today:

Michaël van de Poppe Unveils Bullish Price Target for Ethereum, Says Bitcoin Must Remain Above Crucial Breaker

In a new tweet, Van de Poppe says that as long as Bitcoin can remain above the $61,000 range, he believes the asset is set to keep climbing towards new all-time highs and also says  that Ethereum looks primed to continue breaking out against BTC. If it follows his anticipated trajectory, ETH will hit $4,000 or higher this summer.

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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 the most important asset every created. If I had to choose one thing to hold, it would be $BTC.

That said, if you are a TRADER (not investor), the disproportionate upside from this point is likely in altcoins. They are far more likely to make you insanely wealthy.

— The Wolf Of All Streets (@scottmelker) April 14, 2021

https://cointelegraph.com/news/switzerland-s-largest-insurer-axa-starts-accepting-bitcoin-as-payment

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

Kraken Head of Business Dan Held explains why he believes the Bitcoin (BTC) price could reach $1,000,000.

Dan Held has been involved in crypto since 2013. In his latest interview with Cointelegraph, he dives into the early crypto meetups in San Francisco’s Mission District and explains how the price of one BTC could eventually reach a million dollars.

Bitcoin will become “very boring” Bitcoin is famous for its volatility, but Held thinks that won’t always be the case.

He believes Bitcoin to be digital gold. With that thesis comes the expectation that there will be immense growth in the asset’s market capitalization. 

“Bitcoin in its final stages decades from now will be something very boring. Like our grandkids will go, ‘Grandpa, Grandma, I only hear about Bitcoin. Everyone’s got Bitcoin.’ It’s like, who cares? Like it’s a boring investment. It’s like holding cash.”

Held predicts Bitcoin to hold from $5 trillion to $100 trillion dollars of value in its “final stages.”

This would result in a transformation from a highly volatile asset to a “very boring” currency. Held’s belief in Bitcoin is unshakeable.

He’s seen his net worth go up and drop 80% three times. And yet, 90% of his current net worth remains in Bitcoin.

His unwillingness to diversify his portfolio comes from a staunch belief that blockchain technology is only useful for Bitcoin.

“Satoshi purposely built blockchain tech to build Bitcoin. Blockchain tech sucks. It’s terrible. It makes so many tradeoffs to build Bitcoin that it is basically ineffective for almost anything else.”

Under this line of thought, which he calls “Bitcoin minimalism” to spite Vitalik Buterin, he doesn’t see a reason for altcoins to exist.

To Held, altcoins are just experiments that have yet to prove blockchain is useful for anything but Bitcoin.

In other trending Bitcoin News today:

Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021

The Bitcoin Stock to Flow (S2F) model created by the pseudonymous analyst “PlanB” has been a controversial subject over the past year.

A majority of cryptocurrency investors on Twitter seemingly believe in the model, though it’s increasingly come under fire.

Debate about PlanB’s work has come to a head over the past few days as prominent commentators have chimed in.

The model predicts that after 2020’s block reward halving, BTC will rise to a market capitalization of $1 trillion.

That corresponds with approximately $55,000 per coin. It has since been updated with a new regression formula that suggests Bitcoin will reach $100,000 in 2020 or 2021.

PlanB’s updated iteration of the model has a high R squared value of ~95% and is purportedly “cointegrated” with BTC’s price.

Statistics lingo aside, the S2F model’s proponents say that this is a confirmation that the model has credence.

“Why are people dunking on the s2f model just a few difficulty adjustments past the halving? The prediction was that BTC will be $100k before the end of 2021. Declaring victory now is like declaring victory 5 minutes into the game.” – Jimmy Song

“So far, the arguments “debunking” S2F for BTC appear to be just random word-salads by attention seekers. S2F is a valid and vital analysis of Bitcoin price that provides excellent insight into the market.” – Max Keiser

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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:

In this interview I debunk these arguments:– “S2F is invalid because it doesn’t work for altcoins”

– “Scarcity doesn’t give something value. I own a pair of socks my grandma made of which only 1 pair exists in the world. How valuable does that make them?”https://t.co/YS1pQiVsBs

— PlanB 🔴 (@100trillionUSD) July 3, 2020

Why are people dunking on the s2f model just a few difficulty adjustments past the halving?The prediction was that BTC will be $100k before the end of 2021.

Declaring victory now is like declaring victory 5 minutes into the game.

— Jimmy Song (송재준) (@jimmysong) July 2, 2020

So far, the arguments “debunking” S2F for BTC appear to be just random word-salads by attention seekers.

S2F is a valid and vital analysis of #Bitcoin price that provides excellent insight into the market. https://t.co/diqJfThIg3

— Max Keiser (@maxkeiser) July 3, 2020

Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021

https://cointelegraph.com/news/krakens-head-of-business-bitcoin-could-go-to-1-000-000

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

The trillion-dollar asset manager Fidelity is scrutinizing a popular and controversial Bitcoin price model.

A recent report from Fidelity Digital Assets analyzes the BTC stock-to-flow ratio, which divides the amount of a commodity in circulation by the amount mined per year.

Using the correlation between an asset’s price and its S2F ratio, the pseudonymous crypto analyst PlanB has predicted that the BTC price will soar to $1 million by 2029.

Although there is a fierce debate on whether the stock-to-flow ratio is an accurate way to forecast Bitcoin’s trajectory, Fidelity says the model is a credible tool for analyzing scarce assets.

The firm says historically, the metric is a sound way to judge whether a given commodity will become a successful store of value.

“Commodities with a stock that is difficult to double due to a low rate of production relative to existing supply have historically served as superior stores of value.

Such commodities are largely used for investment purposes, and occasionally industrial uses.

On the other hand, consumable commodities that are susceptible to large increases in supply, are less effective in storing value.

In the Bitcoin Standard, Saifedean Ammous adapted stock-to-flow to compare bitcoin to commodities used for investment and consumption and the use of the metric has since expanded and even given rise to models based on the ratio.

Gold, the most resilient store of value through the ages, has the highest stock-to-flow ratio, followed by Bitcoin (today) and silver.

Following the recent halving (May 2020), the gap between the gold and Bitcoin ratio compressed.

Bitcoin’s stock-to-flow will eclipse that of gold following the next halving (2024).”

Grayscale echoes Fidelity’s assessment that commodities with high S2F ratios are typically sought after by investors.

The investment giant looks at Bitcoin to illustrate the positive correlation between an asset’s price and its S2F ratio.

“Commodities with high stock-to-flow ratios such as Bitcoin, gold, and silver have historically been utilized as stores of value.”

However, Grayscale cautions that the S2F price model does not guarantee an increase in the asset’s value.

“While it’s true that price has followed this stock-to-flow model with high correlation, the relationship may be spurious and does not take into account the requisite demand for price appreciation.”

In other trending Bitcoin News today:

BLOOMBERG PREDICTS GOLD AT $3K, BITCOIN AT $20K IN CURRENT BULL RUN!

A bullish comment on gold by a top Bloomberg Intelligence analyst could leave Bitcoin in a similar upside spell.

“Central banks essentially printing money to spur inflation is a solid foundation for the benchmark store of value,” McGlone said.

“Gold bottomed at about $700 in 2008 and peaked near $1,900 in 2011. A similar-velocity 2.7x advance from this year’s low-close near $1,470 would approach $4,000 by 2023.”

The analyst said in its June update that the cryptocurrency could hit $20,000 by the end of this year, citing increasingly favorable fundamental and technical factors.

They included its maturity as an asset, followed by its rising futures open interest and more buy-and-hold strategy among institutional investors.

“Bitcoin ended 2019 at about $7,000, near the bottom of its range, favoring a shift toward the peak. Last year, the high was about $14,000, which would translate into almost double in 2020 if rotating within the recent band,” Mr. McGlone explained.

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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 Asymmetric ReturnLast 10 years (2011-2020):– 2 years negative return (2014, 2018)– 3 years [+25% -> +100%] return (2015, 2019, 2020)

– 5 years >100% return (of which 3 yrs >1000% return!) pic.twitter.com/WFatEzbG5Z

— PlanB (@100trillionUSD) August 26, 2020

The Fed, under the leadership of Jerome Powell, continues to be #Bitcoin‘s biggest booster. On Thursday, he will deliver a speech about how the Fed will begin targeting higher inflation. 🧙‍♂️🙏🚀https://t.co/MUXB2MRTp3

— Tyler Winklevoss (@tylerwinklevoss) August 25, 2020

Bloomberg Predicts Gold at $3K, Bitcoin at $20K in Current Bull Run

https://cointelegraph.com/news/tyler-winklevoss-says-us-fed-is-the-biggest-booster-of-bitcoin-price

https://dailyhodl.com/2020/08/25/asset-giant-fidelity-analyzes-model-that-forecasts-bitcoin-rise-to-1000000/