XRP PRICE PREDICTIONS AHEAD OF RIPPLE SWELL CONFERENCE | Peter Schiff Bitcoin Vs. Gold

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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the world’s assets combined. So in the grand scheme of crypto, this is why many analyst believe we’re still so early.

“If Bitcoin captures just 5% of the market cap of other assets on this chart, it’ll be worth over $2M/coin.”

In other trending Bitcoin News today: Bitcoin bears lack ‘balls’ to continue selling into 2022!

BTC bears will probably be too “stoneless” to keep prices down much longer, fresh Bitcoin price analysis argues.

In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin’s recent 39% correction.

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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://cryptopotato.com/rio-de-janeiros-mayor-to-invest-1-of-the-citys-treasury-in-bitcoin/.%20%20megalopolis

https://cointelegraph.com/news/analysts-expect-turbulent-bitcoin-price-until-46-500-flips-to-support

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Here’s a rundown on the 3 reasons why the BTC price and Crypto markets are surging right now:

• Bitcoin Momentum
• Faketoshi FOMO
• Two Year Bear Market For Altcoins

Bitcoin and Crypto markets have surged by their largest amount for almost three months today and altcoins are leading the momentum.

Over $20 billion has flooded back into the space but what has caused the big bull run and has alt season finally begun?

Total Bitcoin and crypto market capitalization has not been this high since mid-November when the bears were in full attack mode.

So far this year’s total cap has gained 27% and today topped out at $244 billion, a new high for 2020.

Bitcoin SV Price Soars After Craig Wright Claims Access to a Bitcoin Fortune Craig Wright, the polarizing figure who may or may not be Satoshi Nakamoto, is today telling the court that he has received the keys to access an $8.9 billion crypto fortune called the Tulip Trust.

He was granted until February 3, 2020 to provide the keys to the Tulip Trust on the rationale that the keys needed to be delivered by a bonded courier sometime in January.

It appears the keys have arrived.

Wright has now filed paperwork demonstrating his compliance with the court order.

This is a bombshell among bombshells if it’s actually true.

It could easily help Wright continue his “I’m Satoshi” schtick and win him some converts.

But if it’s less than totally true, it would only be the latest weird, reality-bending twist in Wright’s already surreal and controversial story.

In any case, that’s what Wright told courts today: he now has access to billions in crypto.

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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:

3 Reasons Why Bitcoin and Crypto Markets are Surging Today

https://cointelegraph.com/news/peter-schiffs-bitcoin-1-000-prediction-falls-flat-as-gold-drops-4

https://cointelegraph.com/news/bitcoin-sv-prices-soar-after-craig-wright-claims-access-to-a-bitcoin-fortune

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A cryptocurrency trader who accurately predicted last year’s Bitcoin crash has updated his BTC price roadmap.

The pseudonymous crypto strategist known as ‘Dave the Wave’ says Bitcoin has already resolved the large symmetrical triangle that has kept the market bearish for over two years.

He now expects the Bitcoin price to launch a vertical ascent to $24,000 in the coming months.

Based on Dave’s chart, Bitcoin will likely continue trading inside another triangle until the second quarter of 2021.

The breakout from this pattern could ignite a manic phase that would catapult BTC to $115,000.

He also says one altcoin that was hammered during the brutal bear market has massive upside potential.

Dave the Wave tells his 34,000 Twitter followers that South Korean blockchain interoperability protocol ICON (ICX) may be gearing up for a parabolic breakout after languishing in bear territory for over two years.

During that period, ICX wiped out 99% of its value as the coin nosedived from its all-time high of $12.64 to a bear market low of $0.106937, according to CoinMarketCap.

According to Dave, the huge devaluation puts ICX in a position to surge to $102.56 and post astronomical gains of 22,947% in the next bull cycle.

In other trending Bitcoin News today:

MicroStrategy Purchases $250,000,000 in Bitcoin, Says Top Crypto Can Maximize Long-Term Value for Shareholders

MicroStrategy has adopted Bitcoin (BTC) as its reserve currency — and stunned commentators by purchasing over 21,000 BTC on Aug. 11.

The world’s largest publicly-traded business intelligence company has swapped fiat for Bitcoin as its treasury reserve asset, but the reasons behind it suggest that more big businesses will have no choice but to do the same.

Why did MicroStrategy choose Bitcoin, and will others follow?

In a press release issued on Aug. 11, CEO Michael Saylor went further than most by calling Bitcoin “digital gold.” With no “ifs” or “buts,” Saylor unreservedly plugged the largest cryptocurrency over both fiat and other traditional safe-haven assets such as gold.

“Bitcoin is digital gold – harder, stronger, faster, and smarter than any money that has preceded it,” he commented. 

That angle closely mimics some of Bitcoin’s foremost proponents, notably Saifedean Ammous, who in his book, “The Bitcoin Standard,” repeatedly explains that so-called “digital scarcity” puts Bitcoin in a separate league to any other form of money which has ever existed.

Like Ammous, Saylor also believes that Bitcoin’s very structure will ensure that its value will only increase with time.

He added:  “We expect its value to accrete with advances in technology, expanding adoption, and the network effect that has fueled the rise of so many category killers in the modern era.”

Bitcoiners were particularly excited about MicroStrategy because it unashamedly replaced fiat currency for cryptocurrency.

Its purchase of 21,454 BTC for an aggregate price of $250 million late last month may not only be symbolic (given the total 21M BTC) but it also means that the company controls 0.1% of the total Bitcoin supply — something competitors will find increasingly expensive to replicate.

“MicroStrategy bought 0.1% of the Bitcoin supply. Very few companies will be able to copy this strategy,” What Bitcoin Did podcast host Peter McCormack tweeted in response.

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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://cointelegraph.com/news/3-reasons-why-microstrategy-adopted-bitcoin-and-why-others-will-too