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

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Rick Rieder, Blackrock’s chief investment officer (CIO) of Global Fixed Income, was asked Friday in an interview with CNBC about his view on Bitcoin now that the cryptocurrency is legal tender in El Salvador.

“Part of why I own a small piece of BTC is I do think there are more people who are going to enter that fray over time … I like assets that are volatile that have upside convexity. I could see Bitcoin go up significantly.”

In other trending Bitcoin News today: Bitcoin investors are reportedly exempt from taxes in El Salvador!

The government of El Salvador will reportedly exempt investors from paying a capital gains tax and an income tax on Bitcoin (BTC), according to a presidential legal counsel.

“If a person has assets in Bitcoin and makes high profits, there will be no tax. This is done obviously to encourage foreign investment,” Argueta said, adding that El Salvador will impose no taxes on “either the capital increase or the income.”

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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/zimbabwean-minister-says-cryptocurrency-based-solutions-could-lower-charges-for-diaspora-remittances/

https://cointelegraph.com/news/bitcoin-investors-are-reportedly-exempt-from-taxes-in-el-salvador

https://news.bitcoin.com/bitcoin-could-go-up-significantly-cio-worlds-largest-asset-manager-blackrock/

Ukraine set to become next country to make Bitcoin legal tender

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Bitcoin price predictions have been a hot topic for a while now. Bloomberg Analyst, Mike McGlone believes that the BTC price hitting $100,000 is tied to the asset following Ethereum. This came in the monthly cryptocurrency newsletter sent out by Bloomberg Crypto Outlook.

In the newsletter, McGlone highlights the potential for Bitcoin. Stating that the $100,000 mark is still pretty tame for the flagship cryptocurrency. “Based on its history, a bottom line for BTC in 2021 is that the price advance to May 24 is a round error,” McGlone said. “The 2020 halving came amid unprecedented global fiscal and monetary stimulus, along with institutions tilting toward Bitcoin allocations.”

In other trending Bitcoin News today: Analyst Who Accurately Predicted Bitcoin’s 50% Fall Updates Crypto Forecast!

Chief investment officer and founder of Guggenheim Partners Scott Minerd, who notably called Bitcoin’s 50% collapse, suggests that the Bitcoin correction might not be over.

“But when we look at the history of crypto, and we look at where we are, I mean, I really do believe this is probably a crash. And, you know, a crash would mean we would be down 70% to 80%, which, let’s just say, that’s between $10,000 and $15,000.”

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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:

Bloomberg Analyst Provides Blueprint Of Bitcoin Path To $100,000

Analyst Who Accurately Predicted Bitcoin’s 50% Fall Updates Crypto Forecast

https://cointelegraph.com/news/bitcoin-metric-sees-hell-of-a-bounce-in-move-which-historically-heralds-btc-price-bottom

https://cointelegraph.com/news/analysts-say-bitcoin-s-choppy-price-action-is-typical-of-low-liquidity-markets

➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net

Bitcoin Pioneer Max Keiser, host of the Keiser Report went on record sharing, “BTC is the monetary black hole that will gobble up all fiat and rise to more than $100,000 doing it” back in 2018.

In fact Max has been telling his audience to buy Bitcoin since 2011, back when the cryptocurrency was trading at just $1.

In regards to his most recent BTC price prediction, Keiser shared on Crypto Twitter:

“$20,000 will get sliced through easily – then a pop to $28,000.”

Breaking News: The Bitcoin Price Has Only Been Higher Than Now For 12 Days In BTC History”

The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.

Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from Dec. 7 to 20 in 2017, with the highest close occurring on Dec. 16 at $19,378. 

Any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycle’s low of $3,126 on Dec. 15, 2018, would be up 424%.

Of the other top 10 coins, only Chainlink (LINK) comes remotely close to Bitcoin, with the coin sitting above the current price of $12.70 for 2.7% of its life.

By contrast, the majority of altcoins are yet to enter proportionally rare price ranges. Ether’s (ETH) current price of $464 has been exceeded 201 days in the past, representing more than 10% of the entire 1,933 days since the Ethereum network went live.

XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardano’s ADA prices all vary between 9.7% and above 30%. BCH exceeds all other coins sitting above the current price of $258 for at least one-third of its life.

Bitcoin’s strong rise past $16,000 has also seen record volumes recently. With more than $5.5 billion in Bitcoin trading volume recorded on Nov. 5, only nine days have seen stronger volume in Bitcoin’s history.

Compared to this day in previous years, investors have seen profits of 88%, 2,275%, 4,326% and a staggering 5,833,991% for the years of 2019, 2016, 2013 and 2010, respectively.

In other words, investing $1 into Bitcoin on November 13, 2010, would have increased to $58,339 today.

In other trending Bitcoin News today:

“Impending CME Gap Close Could Propel Bitcoin Price To $18,000”

Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473. 

The 6.62% move brings the top-ranked digital asset closer to closing a CME gap in the $16,465 to $16,570 zone and a growing number of analysts expect the price to break above the $17,200 level if the CME gap is closed.

Despite the excitement surrounding Bitcoin’s surge to a new multi-year high, Cointelegraph contributor Micheal van de Poppe pointed out that Bitcoin has rapidly ascended to new highs without establishing strong supports.

Van de Poppe said:

“Many levels beneath the current price are untested on the weekly timeframe. A healthy way to build up a new cycle is the backtesting of previous resistance levels as new areas of support.”

The analyst also said that the Crypto Fear and Greed Index has reached the “Extreme Greed” level, which can be interpreted as a sell signal according to Van de Poppe.

Bitcoin’s impressive rally to $16,465 comes as the Dow and S&P 500 closed the day in the red with a 1.08% and 0.97% loss.

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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:

$20,000 will get sliced through easily – then a pop to $28,000#BTC

— Max Keiser (@maxkeiser) November 12, 2020

If the U.S. and China don’t significantly crack down on bitcoin, it’s going to $250,000+ this next cycle.

— Ryan Selkis (@twobitidiot) November 12, 2020

Max Keiser Interview: Bitcoin Will ‘Gobble Up All Fiat’ and Rise Over $100K

https://cointelegraph.com/news/the-bitcoin-price-has-only-been-higher-than-now-for-12-days-in-its-history

https://cointelegraph.com/news/impending-cme-gap-close-could-propel-bitcoin-price-to-18-000