TRON (TRX) IS OVERRUN WITH DAPP BOTS! | Bulls Push Bitcoin Price to a 2-Week High, is ,700 Next?

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WARNING: Those who are trending toward the bearish.

According to billionaire investor Mike Novogratz, the Bitcoin price will double in the next six months and retest the old highs of $20k by the end of the year.

Speaking to CNBC’s Closing Bell last night, as the DOW closed up 534 points, Novogratz was encouragingly bullish on the BTC price.

He pointed out that, for the first time, high-net-worth individuals and hedge fund investors are getting into Bitcoin.

He said: “This is the year for Bitcoin,” says @novogratz, and if it doesn’t go up now, “I might just hang my spurs.” Novogratz also points to the fact that Bitcoin is a hard asset and that we are starting to see real flows into it.

He briefly brought up the trillions of dollars in quantitative easing that’s going on and how untenable that situation is.

“Money doesn’t grow on trees. Right now, it feels like we crossed the Rubicon where everyone feels money grows on trees… 

I don’t think the FED’s doing the wrong thing it’s just that we’re going to debase the value of fiat.”

When asked for hard numbers, he said that Bitcoin (BTC) should at least double within six months.

If it doesn’t, he may just “hang up (his) spurs.” As a major investor in the space, the Galaxy Digital CEO is historically bullish on Bitcoin.

He was among the first to confirm a new bull market just under one year ago and predicted that BTC would reach a new all-time high in 2019.

However, after the brutal sell-off two weeks ago, Novogratz told Anthony Pomliano in an interview that crypto adoption would likely suffer a setback of 12-18 months due to investors needing fiat.

But, that was so two weeks ago and before the U.S. Congress approved a $2TN coronavirus stimulus deal.

That may have bolstered the stock market, but as Novogratz pointed out, it will eventually debase fiat. Veteran Trader:

Bitcoin to Target $8,400 After Posting “Big Time Bull Break” One prominent veteran trader is now noting that he believes Bitcoin is poised to rally all the way towards $8,400 in the near-term, as it just confirmed a highly bullish technical pattern.

Peter Brandt, a veteran trader and highly respected analyst, explained in a recent tweet that Bitcoin’s latest upswing has allowed it to break above what appears to be an ascending triangle, with classical charting suggesting that this breakout could lead the crypto to rally up towards $8,400 in the near-term.

“Just a matter of perspective, but best classical chart labeling likely an ascending triangle with target at 8400,” he noted in response to a tweet regarding the possibility that BTC’s low is in.

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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:

Caveat – Im a terrible short term trader. BUT, the $BTC #bitcoin chart looks like a nice wedge with a breakout about 7,000. Maybe the low is in? I thought a re-test was likely but not so sure. 1/ pic.twitter.com/inXruAIDmH

— Raoul Pal (@RaoulGMI) April 2, 2020

CoinMarketCap Opens Up On the Binance Acquisition

Bitcoin Price Will Double in 6 Months, Says Billionaire Investor

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Crypto investment analyst Teeka Tiwari, who picked BTC at $428 in 2016 shared in a new interview, “In my opinion, over the next five years, a Bitcoin will be worth over a half a million dollars.”

The former hedge fund manger and Wall Street executive predicted back in August when Bitcoin was still trading at about $10,000 that BTC would reach $60,000 or $70,000 “a lot sooner than most people realize.”

“It’s still very much early days in bitcoin,” he stated. “I remember when I recommended bitcoin at $428. People told me I was crazy, that this ship had sailed, because bitcoin had been a hundred dollars, just a few years earlier.”

“A few years before that, [Bitcoin] was $10, and a year before that at seven cents,” he shared. “So people couldn’t understand how I could, in all good conscience, recommend bitcoin at $400. They said the same thing to me at $5,000, $10,000, $15,000. In my opinion, over the next five years, a bitcoin will be worth over a half a million dollars.”

In other trending Bitcoin News today: Square to acquire Australian fintech Afterpay in $29B deal.

Jack Dorsey’s cryptocurrency-friendly digital payments firm Square is expanding competition with global payment giants like PayPal by acquiring a major Australian lending company.

Square announced Sunday that the firm has entered into a scheme implementation deed to acquire all of the issued shares in fintech company Afterpay in a $29 billion deal. The transaction is based on the closing price of the Square common share and is expected to be paid in all stock in the first quarter of 2022.

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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.breitbart.com/economy/2021/07/27/teeka-tiwari-bitcoin-will-be-check-against-central-banks-money-printing-debasement-currency/

https://cointelegraph.com/news/square-to-acquire-australian-fintech-afterpay-in-29b-deal

https://cointelegraph.com/news/there-s-no-reason-not-to-hold-bitcoin-for-100-years-michael-saylor-says

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Analysts predict that the end of the Bitcoin compression cycle will hit within days as BTC price action continues to preserve $9,000 support.

Equities led a somewhat uneventful start to the week’s trading, with major stocks futures slightly down on the day — by a maximum of 0.6% at press time.

Bitcoin likewise had a quiet weekend, with volatility remaining negligible and a narrow trading corridor continuing to characterize price performance.

On Monday, BTC/USD hovered at around $9,180, having hit local highs of $9,226 earlier, its highest since July 15.

As has become standard in recent weeks, coronavirus sentiment and reactions to associated remedial measures from governments and central banks dictate macro action, and Bitcoin remains susceptible to copycat moves.

With calm reigning prior to the opening bell on Wall Street, room for maneuver appeared limited, given the “compression” in BTC/USD over the past several weeks. 

A cycle of higher lows and lower highs, the current compression cycle showed little sign of breaking this month.

However, the status quo is ripe for change — and that should happen this week, say analysts.

“This feels like a little World Cup of sorts. bitcoin could break out on or about the 22nd,” Jason Williams, co-founder of crypto hedge fund Morgan Creek Digital, tweeted on Sunday.

Investors should not treat Bitcoin as a safe-haven “too literally” within the current market, says the CEO of cryptocurrency exchange Binance.

Speaking to Bloomberg on July 20, Changpeng Zhao, known as “CZ” in cryptocurrency circles, cautioned against considering BTC/USD as having a particular relationship to stocks.

“I think people should not take that meaning of “safe haven assets” too literally… there are always multiple factors affecting the price of an asset,” he told the network.

“If you imagine Bitcoin as the same as a float and there’s the Titanic sinking beside it, if there’s a rope tying the float to the Titanic, then the float will sink down with the Titanic, even though the float does have floating properties — it’s just not able to sustain that kind of load.”

In other trending Bitcoin News today:

‘Worthless Coin’ – McAfee Says He Never Believed Bitcoin Would Hit $1M

John McAfee says he never believed Bitcoin would hit $1 million in a recent tweet, backtracking from his previous prediction.

In July 2017, John McAfee said he would “eat his own ****” if Bitcoin does not hit $500,000 within three years.

Today, BTC is hovering at a mere $9,130 and its price must increase by more than 5,376% to meet McAfee’s prediction.

In general, Bitcoin quite clearly got nowhere near $500,000 in the past three years.

Not only that, but McAfee is also seemingly backtracking from his $1 million per BTC prediction.

Last year, McAfee said he is positive Bitcoin goes to $1 million.

He said negativity around the cryptocurrency market was overblown, especially considering Bitcoin was in the mid-$10,000s.

But on July 19, 2020, McAfee said:

“Not going to get out of it. I never believed Bitcoin would hit $1 mil. It’s absurd. It’s an old, tired, worthless coin. I just wanted to eat my **** on TV. Wait for it.”

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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:

John McAfee honored his bet, made three years ago, to bite off his dick if #Bitcoin wasn’t at $500,000

GOOD NEWS: He’s doing well at the hospital and expected to make a full recovery. pic.twitter.com/5ak0jau42u

— Max Keiser (@maxkeiser) July 19, 2020

Not going to get out of it. I never believed Bitcoin would hit $1 mil. It’s absurd. Ir’s an old, tired, worthless coin.I just wanted to eat my dick on TV.

Wait for it.

— John McAfee (@officialmcafee) July 19, 2020

I’ve only made one bet in crypto. $1 mil by the end of 2020. I’ve never lost a bet. I cannot lose. It will be many times more. Wake up and use your head. It was given to you for a purpose.

— John McAfee (@officialmcafee) July 14, 2019

This feels like a little World Cup of sorts. #bitcoin could break out on or about the 22nd.I don’t think I would want to be on the sidelines going into this but low time pref 🧠

Tina and I both agree that #bitcoin volatility could be extraordinary to the upside. @BitcoinTina pic.twitter.com/EWoB0Tv8VW

— Jason Williams 🦍 (@JWilliamsFstmed) July 19, 2020

https://cointelegraph.com/news/bitcoin-price-predictions-by-top-analysts-are-usually-wrong-heres-why

https://cointelegraph.com/news/worthless-coin-mcafee-says-he-never-believed-bitcoin-would-hit-1m

https://cointelegraph.com/news/bitcoin-breakout-on-july-22-5-things-to-watch-for-btc-price-this-week