THIS BITCOIN BULL MARKET IS ‘NOWHERE NEAR THE TOP’ SAYS BTC STOCK-TO-FLOW CREATOR – HERE’S WHY!!

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“Just to be clear, the risk of buying Bitcoin today HAS NEVER BEEN LOWER and the upside is still huge, like 80x. This is why institutions are pouring in now. The risk has never been lower”, says BTC pioneer Max Keiser, host of the Keiser Report.

As Bitcoin Tina tweeted: “If you don’t understand how fast Bitcoin can be repriced you don’t understand how markets work. TSLA went from the 150 range to the 450 range from the end of May to the middle of September. Bitcoin could reprice from 20K range to 75K range between now and February.”

Max Keiser responded with: “This is true. In fact, I expect it. The risk reward ratio for Bitcoin right now is; you’re risking 1 to make 100. The risk/reward has actually NEVER BEEN BETTER.”

In other trending Bitcoin News today:

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim Partners. 

The Guggenheim filing allows the Macro Opportunities fund to purchase GBTC, a publicly-traded Bitcoin investment vehicle from Grayscale, at an indeterminate point in the future. 

“The Guggenheim Macro Opportunities Fund may seek investment exposure to bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust (“GBTC”),” the filing reads.

According to independent ratings firm Morningstar, the Guggenheim Macro Opportunities fund currently has $5.3 billion in assets under management and sports a four-star rating “based on risk-adjusted returns out of 270 Nontraditional Bond funds.”

Guggenheim describes the overall fund strategy for the institutional-grade shares (ticker: GIOIX) as a product of the investment team’s “highest-conviction ideas.” If the fund were to take the full 10% stake in GBTC, it would be worth north of $500 million.

The filing also notes a long list of potential investor risks associated with cryptocurrencies, which it refers to as “digital assets designed to act as a medium of exchange.” 

Risks include lack of cryptocurrency exchange regulation, GBTC’s historical “significant premium” to net asset value, and uncertainty regarding tax laws and regulations, among others.

This preparatory move by Guggenheim appears to be part of a cascading series of investments indicating increased acceptance of Bitcoin among major financial institutions. 

In August, business intelligence firm Microstrategy purchased nearly 40,000 Bitcoin, leading to a parabolic move in share price. Likewise, financial services firm Square, Inc bought $50 million in Bitcoin in October.

This rolling snowball of institution interest may quickly become an avalanche, as noted by one prominent voice in crypto journalism: 

“2016: The institutions are coming! 2017: The institutions are coming! 2018: The institutions are coming! 2019: The institutions are coming! 2020: The institutions are here! 2021: Dammit, the institutions bought all the Bitcoin”

In other trending Crypto News today:

Weekend Bull Trap? Traders Remain Cautious As Bitcoin Price Rebounds to $18K

The price of Bitcoin (BTC) surged above $18,000 on Nov. 29, reaching as high as $18,209 on Binance. However, traders are turning cautious despite BTC’s weekend rally.

Bitcoin currently faces resistance at around $18,200, which is also the 10-day moving average (MA) on the daily chart. As Cointelegraph reported yesterday, some traders still anticipate BTC to see another drop in the near term before the rally can continue.

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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:

2016: The institutions are coming!2017: The institutions are coming!2018: The institutions are coming!2019: The institutions are coming!2020: The institutions are here!

2021: Dammit, the institutions bought all the #Bitcoin

— Jon Rice (@JonRiceCrypto) October 17, 2020

Just to be clear, the risk of buying #Bitcoin today HAS NEVER BEEN LOWER and the upside is still huge, like 80x

This is why institutions are pouring in now. The risk has never been lower. https://t.co/LlPemmn4Zk

— Max Keiser (@maxkeiser) November 29, 2020

If you don’t understand how fast #bitcoin can be repriced you don’t understand how markets work. TSLA went from the 150 range to the 450 range from the end of May to the middle of September.#bitcoin could reprice from 20K range to 75K range between now and February. pic.twitter.com/kMABvU0AsJ

— BitcoinTina☣️- “TINA” #bitcoin (@BitcoinTina) November 28, 2020

https://cointelegraph.com/news/weekend-bull-trap-traders-remain-cautious-as-bitcoin-price-rebounds-to-18k

https://cointelegraph.com/news/guggenheim-partners-prepares-to-dip-investment-fund-s-toes-into-bitcoin

https://cointelegraph.com/news/paul-tudor-jones-bitcoin-fractal-hints-at-possible-explosive-btc-rally

💰 Crypto’s Next $1 Trillion Coin: http://teeka.cryptonewsalerts.net

Trading veteran and BTC chart guru Peter Brandt is predicting a massive Bitcoin explosion before this year expires.

In a new interview on Real Vision Finance, Brandt says Bitcoin could erupt nearly 260% from its current price of $56,000. According to the veteran analyst, the current logarithmic charts look like they did during the 2017 bull market just before Bitcoin’s big move upward.

“I think we’re in that midpoint pause where in 2017 Bitcoin swirled around for a month or two before we saw the final move up, and you’ll note that the midpoint in the 2015 to 2017 bull market was at about one-half or 60% of the total move. If that’s true, that points to the type of price level… That $200,000 plus is where this market would take it if this chart interpretation is correct.”

In other trending Bitcoin News today:

3 Reasons Why Enjin Coin (ENJ) Price Has Rallied 800% Over The Last Month!

Data from Cointelegraph Markets and TradingView shows that the price of Enjin Coin (ENJ) has risen by 800% in the past month, going from a low of $0.34 on Feb. 23 to a new all-time high of $3.09 on March 15 thanks to a continuous surge in trading volume.

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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:

DragonFly Capital Launches $225 Million Crypto Fund

https://cointelegraph.com/news/3-reasons-why-enjin-enj-price-has-rallied-800-over-the-last-month

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A crypto analyst who called Bitcoin’s dramatic 2019 correction says Bitcoin (BTC) is well-positioned for a boom and bust cycle that brings the Bitcoin price to $400,000.

The pseudonymous strategist, known in the industry as Dave the Wave, accurately predicted the start of Bitcoin’s 2019 reversal.

On July 11th of last year, with BTC at $11,600, the analyst said Bitcoin appeared to be at the start of a parabolic downtrend that would last until the king of crypto hit $6,000 at the end of the year.

The prediction turned out to be remarkably on point, with the BTC price reaching a yearly low of $6,425 in December.

Dave is now updating his long-term Bitcoin forecast. By plotting a curve based on Bitcoin’s past price history, he expects BTC to witness decreasing volatility in the decade ahead.

He predicts BTC will spike to around $110,000 at the end of 2022, followed by a crash to a low of $30,000 in 2025.

After that, the analyst believes Bitcoin will begin a long-term grind that will end at around $400,000 in 2029.

In the short term, economist Alex Krüger says BTC may push from its current price of just over $7,000 to $7,700.

But after that, he’s expecting another retracement to $6,400.

However, Krüger warns that Bitcoin appears to remain closely correlated to traditional markets, and all bets are off if the stock market takes another beating.

“[Bitcoin’s price action] would depend on what stock indices do. Bitcoin continues to trade like a risk-on asset. Rolling correlations between BTC and the S&P 500 remain around historical highs.”

FRACTAL ANALYSIS: BITCOIN PRICE WILL ROCKET 35% HIGHER AHEAD OF HALVING

Despite the overarching risks of an economic recession, Bitcoin has performed well over the past few weeks, rallying higher and higher over week after week, shunning off bearish narratives.

In fact, since the $3,700 bottom, the cryptocurrency has gained over 80%, reaching as high as $7,500 but now trading at $7,050 as of the time of this article’s writing.

What’s crazy is that just a few weeks ago, there were analysts seriously thinking the cryptocurrency was on its way to fresh macro lows, meaning a low below Bitcoin’s bottom of $3,150 in December 2018.

Now, analysts are expecting the cryptocurrency to rally even higher, with a prominent trader suggesting BTC could begin a multi-week surge towards $9,000 in the coming days.

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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 the event this continues to play out I’m expecting a green start of the week followed by 8800-9000 next weekend. https://t.co/a47pnvmIeb for who’s curious about the tools.

And most important. Anything under 7000 is probably a gift right now.

— Galaxy (@galaxyBTC) April 17, 2020

7700/7800 is a big deal for $BTC. There’s many different fib levels given how different exchanges had very different March lows, mainly courtesy of Bitmex.

— Alex Krüger (@krugermacro) April 16, 2020

Fractal Analysis: Bitcoin Price Will Rocket 35% Higher Ahead of Halving