THIS BITCOIN BUY INDICATOR SHOWS THE BTC PRICE IS READY TO EXPLODE!!!!!

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The American journalist, Youtuber, podcast host, and political commentator, Tim Pool, has talked about Bitcoin on numerous occasions and even more so these days as the BTC price crossed its all-time high.

“People still sh*t on Bitcoin and I feel bad for them. A local guy out here told me he just became a millionaire off his investment, bought in several years ago and forgot about it. It’s the rise of a new financial technology and I believe 1 BTC will eventually be equivalent to $1M.”

In other trending Bitcoin News today: This Bitcoin Chart Is Like a ‘Cheat Code’ for Calling Top Cryptocurrency’s Trajectory, Says Crypto Analyst Justin Bennett!

The closely followed analyst is eyeing BTC price charts from the 2017 Bitcoin bull run to see where the world’s leading crypto is heading next.

“The 2017 fractal accounts for this week’s pullback. Each move this cycle has been a little less aggressive than in 2017. It was a 13% pullback then. Probably an 8-10% pullback now, or $60k BTC. Then $80k+ in early November, $65k retest in mid-November, and $100k+ in December.”

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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://news.bitcoin.com/journalist-and-youtuber-tim-pool-believes-1-bitcoin-will-eventually-be-equivalent-to-1-million/

https://cointelegraph.com/news/paypal-logs-its-largest-bitcoin-volume-since-may-btc-price-crash

https://cointelegraph.com/news/bitcoin-decides-fate-of-60k-as-weekly-close-keeps-btc-traders-on-their-toes

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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.

“Inflation 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,” the brothers said in their latest analysis.

It added that “Bitcoin has already made significant ground on gold — 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.”

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:

“Said 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.”

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.

“Foreshadowing 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,” 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:

“Aave 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.”

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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

— 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 … $20M💥💥💥 pic.twitter.com/WPS8Ft9B2r

— PlanB (@100trillionUSD) August 28, 2020

The Case for $500K Bitcoin

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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People with zero Bitcoin exposure like Warren Buffett will see their wealth hyperinflate to nothing while the BTC price skyrockets 40-80x, says Max Keiser.

Popular TV host and long-time Bitcoin proponent Max Keiser believes that futures traders suppress the Bitcoin price at current levels.

However, once the asset explodes to Keiser’s intermediate target at $28,000, the BTC amount for sale will evaporate as governments and institutions will purchase directly from miners.

Keiser recently tweeted that “the (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000.”

CryptoPotato reached out to the popular TV host to elaborate on his views regarding the price suppression and potential surge in value.

Keiser asserted that “for the world’s poor, the current price and availability of BTC are a once in a species-existent opportunity to acquire unconfiscatable Hard Money before a 40-80x move on the upside.”

He commented that his “forensic analysis of the BTC market, corroborated by insiders, is indicating futures traders are suppressing the price of BTC to give institutional players a chance to load the boat.”

He also gave his intermediate price target of $28,000 per coin. Once the cryptocurrency reaches that level, it would be a significant game-changer for people’s perception of the asset.

“When this happens, we’ll see something quite unexpected. The retail market for BTC will dry up. The amount of BTC for sale AT ANY PRICE will be increasingly tiny. Institutions, corporations, and governments will be buying BTC directly from miners, presumably at a huge premium.”

Keiser, who previously said that Warren Buffet will start panic buying Bitcoin when the asset price jumps to $50,000, said that people like the prominent investor, who have no Bitcoin exposure, will see “their wealth hyperinflate to nothing.”

It’s no secret for the community that Buffett isn’t a fan of the primary cryptocurrency..

He once called Bitcoin “rat poison,” and even a charity launch with TRON’s Justin Sun couldn’t change his mind.

Shortly after the event, Buffett insisted that BTC has no value “and never will.”

However, Buffett recently purchased a massive share in a mining company producing gold while reducing his exposure in significant banks such as JPMorgan Chase and Wells Fargo.

Keiser believes that those who had taken a similar path and purchased gold and silver will be less impacted.

Nevertheless, even gold holders “will see their wealth take a relative nosedive against investors that are 100% BTC.”

In other trending Bitcoin News today:

Even The Rothschild’s Are Buying Bitcoin; Grayscale’s Holdings Surpass 450k BTC

The Rothschild Investment Corporation has bought 27 bitcoins in share form through Grayscale Bitcoin Trust (GBTC).

GBTC itself added another 6,937 BTC (worth $72 million) in the past few days after reporting the third straight record quarter with inflows reaching $1 billion.

As of Sept. 2020, Grayscale’s bitcoin holdings reached 450k BTC, representing nearly 2.5% of all Bitcoin supply, as per YCharts.

Rothschild reportedly has $1.4 billion in assets under management, with $235,000 of it held in Bitcoin.

This makes them one of the most prominent investment banks to get into bitcoin, which is most likely for their clients.

Other big names like Rockefellers began investing in blockchain and crypto startups back in 2018.

Blackrock, with $6.3 trillion assets under management, also started considering diversifying into crypto the year following the bitcoin price top.

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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:

There is strong evidence to suggest #Bitcoin futures traders are manipulating BTC down to give institutions a chance to load up on physical BTC cheap before the break to $28,000

— Max Keiser (@maxkeiser) October 16, 2020

The (temporary) #Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000

— Max Keiser (@maxkeiser) October 16, 2020

https://cryptopotato.com/warren-buffett-will-see-his-wealth-hyperinflate-while-bitcoin-price-does-40-80x-says-max-keiser/

https://cointelegraph.com/news/the-next-big-treasure-corporations-buy-up-bitcoin-as-a-treasury-reserve

https://bitcoinexchangeguide.com/even-the-rothschilds-are-buying-bitcoin-grayscales-holdings-surpass-450k-btc/