WALMART BUYS $1 BILLION IN BITCOIN?! TIME MAGAZINE JOINS TESLA IN KEEPING BTC ON ITS BALANCE SHEET!!

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Morgan Creek Digital Assets co-founder and partner Jason Williams says Bitcoin could meteorically rise nearly 17,900% in five years as BTC solidifies its position as a safe haven asset.

In a Norwegian Block Exchange interview, Williams offers his bull scenario for the world’s leading cryptocurrency.

“Bitcoin could hit $1 – $3 million dollars in the next five years. People have no idea what it will look like when large banks and countries start holding Bitcoin in their treasury.”

The crypto hedge fund manager highlights Bitcoin’s scarcity as a key characteristic that will attract more institutional players and continue to drive the value of the king cryptocurrency.

In the last few months, institutional players in the form of publicly traded companies have announced their entry into BTC with multi-million-dollar investments.

In September, business intelligence company MicroStrategy upped their BTC investments to $425 million. Last month, payments giant Square revealed that it made a $50 million BTC acquisition.

With more institutions flocking into the number one cryptocurrency, Bitcoin Treasuries reveals that publicly traded companies have increased their BTC holdings from over $6.9 billion in mid-October to $10.7 billion this month.

In April, when Bitcoin was trading around $6,000, Jason Williams predicted that BTC would surpass its all-time high of $20,000 this year.

In other trending Bitcoin News today:

Trump Or Biden? Max Keiser Explains Why Bitcoin Will Be The Ultimate Winner After the US Elections

Famous TV host Max Keiser explains how Bitcoin will emerge as the ultimate winner, despite who wins the 2020 US Presidential elections.

Max says, “With Trump, who at least understands something about capitalism, the ascent of Bitcoin would be slower as I believe he would calm markets by having the US enter the global hash war that Iran now leads in a Sputnik-like call to enter the Hash Race moment.”

Keiser added that the US needs to strive for a “big slice of Bitcoin’s global hash rate before our competitors do. I know of several countries that will soon announce major sovereign underwritings of BTC hash rate to try and oust Iran’s position.”

Keiser’s views see BTC sharply explode in value in case Biden emerges the winner come Sunday.

“As I’ve said, a Biden win would accelerate Bitcoin’s advance as panic-buying from those looking to escape the socialists, money printers, and MMT’ers goes into hyperdrive.”

“It will be like the 1938’s Kristallnacht (also known as the Night of Broken Glass or the November Pogrom), jack-booted armed thugs will go door-to-door stealing property in the name of social justice.”

Bitcoin is bigger than the elections, asserted Keiser.

It’s an asset that has no real “correlation with anything – stocks, bonds, currencies, gold, commodities, or property – and certainly no political parties or political outcomes, here in the US or anywhere in the world.”

Bitcoin is correlated only to Bitcoin. Despite the outcome of the upcoming elections, Bitcoin will still be backed “by an insatiable hunger.” It’s a cosmic scale hunger because “Bitcoin is the Big Bang of money.”

“To be clear, I don’t mean BTC is backed by energy. What I’m saying is, it’s backed by code that’s unstoppably programmed to consume all available energy on Earth and beyond, to create absolute monetary scarcity to elevate humanity to a more pure spiritual state of existence. Transcendence on this scale takes synchronization and massive amounts of energy.”

Keiser also said that no matter who’s the US president, Bitcoin is on its way to take out gold as the ultimate monetary store of value and doubled-down on his 40x-80x price prediction.

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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://dailyhodl.com/2020/11/02/bitcoin-btc-could-surge-to-3-million-within-five-years-says-crypto-hedge-fund-manager-heres-why/

https://cryptopotato.com/trump-or-biden-max-keiser-explains-why-bitcoin-will-be-the-ultimate-winner-after-the-us-elections/

https://cointelegraph.com/news/btc-traders-caught-off-guard-3-reasons-bitcoin-dropped-2-in-just-1-hour

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The Bitcoin price moved 42% in the past 12 hours making it the 4th largest gain in history and the largest since May 10th, 2011.

The Cryptocurrency markets have been on fire with a $55 Billion cash injection making it one of the largest pumps in recent history.

3 reasons why the BTC price surged:

1 – President Xi Jinping supports blockchain in China.

2 – CME Bitcoin futures expired yesterday (4PM London time, last Friday of the month).

3 – Crypto Capital CEO arrested. Exchanges, such as Bitfinex, may get some of the seized 850 million back.

Anthony Pompliano tweeted, “BREAKING: Chinese President Xi Jinping just publicly supported China going all-in on blockchain technology across their economy.

This will be the space race of our generation. America has to embrace the technology, including Bitcoin, or we risk being left behind.”

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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.

News Resources From Today’s Show:

Three Reasons Why Bitcoin (BTC) Price Surged 40 Percent

$BTC has moved +42% today– 4th largest gain in history and largest since May/10/2011 (if comparing against daily returns).– 15th largest two-day gain in history, Nov/18/2013.Thank you China.

President Xi is the true Crypto Dad.

— Alex Krüger (@krugermacro) October 26, 2019

∙ Today’s volume so far: 1131 BTC∙ Last traded price: $8,622.50

∙ Trading day progress: 54% (if this continues: 100% equals to 2095 BTC)

— Bakkt Volume Bot (@BakktBot) October 25, 2019

3 reasons why #Bitcoin surged today:> CME Bitcoin futures expired today (4PM London time, last Friday of the month).> President Xi Jinping supports blockchain in China.

> Crypto Capital CEO arrested. Exchanges, such as Bitfinex, may get some of the seized 850 million back.

— Gabor Gurbacs (@gaborgurbacs) October 25, 2019

BREAKING: Chinese President Xi Jinping just publicly supported China going all-in on blockchain technology across their economy.This will be the space race of our generation.

America has to embrace the technology, including Bitcoin, or we risk being left behind.

— Pomp 🌪 (@APompliano) October 25, 2019

Someone tell President @realDonaldTrump that there are only 21 million Bitcoin and China is planning to buy them all. This is going to be the real US – China competition.That should get him to pay attention.

The guy hates losing and will try to buy them all😂🙈

— Pomp 🌪 (@APompliano) October 26, 2019

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Bitcoin Maximalist Max Keiser, co-host of the Keiser Report and Orange Pill Podcast recently spoke with Kitco news and shared the following BTC predictions:

“There is no top price for Bitcoin because there is no bottom for fiat money” said Max. Fiat money is currency which does not have intrinsic or use value on its own. It only has value because the government maintains its value.

If you are going to price Bitcoin and fiat money, the price is infinity, because fiat money has no bottom, while Bitcoin has no ceiling. 

If you priced it in ounces of gold, that would be a more valid way to price it,” Keiser continued. “I am not sure exactly what the exchange rate is for an ounce of gold is to Bitcoin. But whatever it is, you can multiply it by a hundred times and that’s where we are headed.”

In other trending Bitcoin News today: Looming Test for Bitcoin Could Determine Strength of Bull Market!

Crypto analyst Benjamin Cowen says Bitcoin (BTC) will face a critical test this September that could determine the future of its bull market.

In a new strategy session, Cowen claims that in September of each year since 2017, Bitcoin tested the 20-week moving average and either bounced off it or plunged through it.

“August can actually be a fairly decent month for Bitcoin. But what’s more interesting to me is September. Why? Because every September for the last four years Bitcoin has tested the 20-week moving average.”

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

https://www.kitco.com/news/2021-08-11/Bitcoin-will-beat-gold-by-100x-altcoins-will-get-shut-down-go-to-0-Max-Keiser.html

https://cointelegraph.com/news/3-ways-this-bitcoin-bull-run-is-different-than-late-2020

https://cointelegraph.com/news/bitcoin-can-see-55k-breakout-if-last-major-btc-price-resistance-is-broken-analyst