Episode 83➡️ OPM Wealth: Bitcoin (BTC), XRP, Ethereum (ETH), and the entire Crypto sector has gone through a turbulent year, with significant developments in the background. Despite the setbacks, there are expectations for significant trends that will shape…
Episode 82➡️ OPM Wealth: While Ripple XRP, the third largest cryptocurrency is still trading at $0.21, a trader is citing a chart to suggest a somewhat unrealistic XRP price surge to the $28 level next year. XRP has not been on top form since early 2018 when…
Episode 66➡️ $274 Million Secret: Larry Benedict Live Event (Register Below) It is looking increasingly likely that the recent Bitcoin price dip to lows of $6,500 will mark a long-term bottom for the cryptocurrency, as its bulls have been able to propel its…
Episode 65➡️ $274 Million Secret: Larry Benedict Live Event (Register Below) $120,000 is the new BTC price target set for the next Bitcoin bull cycle. A popular cryptocurrency analyst says a breakdown of Bitcoin’s past bull market cycles may indicate where…
Episode 64➡️ $274 Million Secret: Larry Benedict Live Event (Register Below) A model on XRP price development predicts that the ‘Crypto-asset’ will go to ZERO by next February. Ripple XRP has underperformed, and plotting a linear regression predicts more…
Episode 35Ripple XRP cryptocurrency is stuck at $0.29 – but this does not prevent its supporters from dreaming big with the upcoming Ripple Swell Conference scheduled to take place November 7th-8th. XRP price predictions shared in todays show range from $0.50…
Episode 11➡️ [PODCAST PROMO] Get 250,000 CMDX Tokens from our sponsor (Valued at $25) For Free: Is XRP gearing up for a massive bull breakout? History says a $12 XRP price is possible! Crypto Analyst, Galaxy says, “Every bullish MACD crossover on the weekly…
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BITCOIN COULD REACH 0K NEXT YEAR DUE TO INSTITUTIONAL MONEY SAYS MACRO INVESTOR RAOUL PAL!!
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Bitcoin may hit $150,000 by November 2021, according to Raoul Pal, founder and CEO of Global Macro Investor and Real Vision — and that would be the most conservative BTC scenario.
Pal believes that Bitcoin could even reach $250,000 due to the large amount of institutional money currently flowing into the BTC market.
That is what, according to Pal, makes the latest Bitcoin rally fundamentally different from 2017’s crypto bubble, which is believed to have been driven mainly by retail investors.
According to Pal, most of Bitcoin’s additional supply is currently being absorbed by PayPal, Square — which recently adopted crypto services — and Grayscale. He believes that the resulting supply squeeze is the catalyst for Bitcoin’s latest surge.
“I’ve never seen a market with this supply and demand imbalance before”, Pal said, pointing out the macroeconomic factors that are playing in Bitcoin’s favor.
Despite news on the coronavirus vaccine sparking hopes of a quick economic recovery, governments will likely need to release additional monetary stimulus to sustain their economies.
That, according to Pal, will lead to a devaluation of fiat. He believes that this together with low interest rates will propel Bitcoin’s price to new highs.
“It’s life-changing. No other asset has an upside of 5x, 10x, 20x in a short space of time,” he stated.
In other trending Bitcoin News today:
Bloomberg Lists 5 Bullish Trends For Bitcoin Price Despite ‘Thanksgiving Crash’
Bitcoin (BTC) continues to convert some of its harshest traditional critics from mainstream finance as Bloomberg admits that this bull run is nothing like 2017.
In an article on Nov. 27, the publication known for its pessimism highlighted a range of Bitcoin metrics pointing to a bullish future — despite Thursday’s $3,000 price rout.
Included as evidence were record-high Bitcoin futures open interest, non-zero wallet numbers, hash rate and the lack of correlation between Bitcoin and other macro assets.
“Just look at market technicals and Wall Street’s growing embrace of the world’s biggest digital currency,” it began.
“And while the trading doesn’t always run smoothly, the $315 billion digital coin is far deeper and more liquid than it was during last boom in 2017.”
Bloomberg referenced what it describes as “crypto diehards” who reject the idea that the current price gains are another bubble. Among them was regular Cointelegraph contributor, Mati Greenspan.
“It’s different now,” he commented.
“The last time we saw Bitcoin get this high, the blockchain was close to collapsing, but the network has had improvements since then.”
A separate interview with Bloomberg TV on Friday meanwhile saw Antoni Trenchev, CEO of the world’s biggest crypto lender Nexo, forecast Bitcoin hitting a new all-time high by the end of 2020, adding:
“The digital gold narrative is stronger than ever. If Bitcoin captures just 10% of the total market cap of gold, we will be at $50,000 in no time.”
The lack of criticism contained in the article echoes growing acceptance of Bitcoin as a genuine asset, whether investment interest is coming from retail or institutional circles.
Part of the cryptocurrency’s positive image stems from its now eight-month growth spurt versus its March crash, during which it has consistently outperformed other macro assets.
Even after its retreat to $17,000, Bitcoin’s year-to-date returns stand at 135%, against 19% for gold and 12% for the S&P 500, data from analytics resource Skew confirms.
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BITCOIN CAN SURPASS $6 MILLION BY THIS DATE, SAYS EARLY BTC DEVELOPER!!!
💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Early Bitcoin developer and co-founder of Ethereum and Polkadot, Gavin Andresen, is outlining a future where BTC rises to a staggering $6,000,000 per coin.
Gavin Andresen, who took over as Bitcoin’s lead maintainer from founder Satoshi Nakamoto in 2011, just published a new blog post detailing how BTC’s theoretical evolution could look.
In other trending Bitcoin News today: Bitcoin Will Disrupt the Payments Industry, Says Strike CEO After BTC Tipping Rolls Out on Twitter!
CEO Jack Mallers says in a new CNBC interview that his company’s recent partnership with Twitter to bring BTC tipping to the social media giant will make paying people as easy as messaging them over the internet.
“We’re using Bitcoin to make tweeting at someone as easy as sending money to someone, anywhere in the world, any time, any place, any currency, it doesn’t matter… You have absolute payment disruption that’s been a long time coming.”
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BITCOIN NEXT TOP COULD BE $306,000, KRAKEN RESEARCH SUGGEST!! $1 MILLION BTC PRICE PREDICTION!!
💰 BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
Analysis of Bitcoin price action dating back to 2011 suggests the coin price could next top out somewhere between $75,000 and $306,000, research from Kraken shows.
Based on one reading of a logarithmic growth curve that connects historical tops and bottoms, a BTC price of $75,000 would signal Bitcoin’s entry into overbought territory, marking the end of its current bull run.
“Based on previous cycles, Bitcoin could likely continue appreciating gradually in price before ultimately going parabolic and hitting resistance, which will signal the end of its fourth bull market cycle,” the report states.
Analysis of historical price retracements throws up some even bolder predictions. All things being equal, if BTC were to continue along its current growth curve and then enter a retracement similar to prior market crashes, the next bottom would be somewhere around $30,000.
Based on this proposed bottom one can attempt to make predictions about the next market peak, depending on the extent of the retracement.
Were Bitcoin to retrace 70% during the current cycle, the coin price would have to reach a peak of $102,000 in order to hit the aforementioned bottom of $30,000.
Similarly, a 90% crash would place the next top at $306,000, while an 86% drop — the average retracement of previous market cycles — would imply an upcoming market peak of $221,000. Either way, states the report, history would suggest Bitcoin remains “far and away” from a market top.
Diving into the historical data once more, the first quarter of 2021 proved to be the third-best performing quarter in Bitcoin’s 12-year existence, based on return percentage and annualized volatility.
Kraken’s research shows that March has historically been a bad month for Bitcoin, with the coin price appreciating just twice during this period since it began trading. In the past, March has, on average, underperformed February’s growth by 11%.
The report also notes that Bitcoin is now trending in a manner similar to the first quarter of 2013 — the most fruitful Q1 in the coin’s history. A correlation of 0.82 between the two is an encouraging sign and could subvert the historic trend which sees Bitcoin underperform in March.
Bitcoin recorded five consecutive months of positive returns leading up to the time of publication. That’s a sight witnessed just once before — in 2017 during the lead up to that year’s bull run and subsequent market peak.
In other trending Bitcoin News today:
Kraken CEO Reveals $1 Million Bitcoin Price Target – Here’s When It Could Happen
Kraken CEO Jesse Powell believes that Bitcoin is set to hit the seven-figure mark.
In a new interview with Bloomberg TV, Powell bets that Bitcoin’s price will grow by roughly 2,000% within the next decade and says it could eventually replace other dominant world currencies.
“So you know the people that are believers in Bitcoin say it’s going to replace all of the world’s currency, so basically whatever the market cap of the dollar is or the euro all of that combined is what bitcoin could be worth.
In the near term, people see it surpassing gold as a store of value, so I think $1 million as a price target within the next ten years is very reasonable.”
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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.
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#bitcoin went from $10K in Oct to $50K in Feb. Do you realize that if we do that same 5x in 5 months, then BTC is $250K in July 🔥
— PlanB (@100trillionUSD) March 5, 2021
BitGo has revealed that it holds $250 million in #Bitcoin on its balance sheet.
The digital asset infrastructure company has held #BTC since 2014
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) March 6, 2021
As a #Bitcoin sovereign individual the number of people I’m obligated to interact with is very small. This is an underrated luxury.
— Max Keiser (@maxkeiser) March 5, 2021
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