Analysis of Bitcoin (BTC) 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 coin 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.
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There is nothing stopping Bitcoin from attempting to become a six-figure asset, the Magnetic managing director William E. Quigley professed in an interview with CNN Business.
?We are about halfway through the post-halving bull run,? the executive noted. ?So, by my judgment, we have a lot more to go with Bitcoin. Certainly a hundred thousand and quite possible a $150,000 by the end of this year to maybe Q1 next year.?
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Bitcoin (BTC) will be worth "infinity" and humanity will soon give up pricing it in U.S. dollars, says the CEO of cryptocurrency exchange Kraken.
Speaking to Bloomberg on March 4, Jesse Powell was characteristically bullish on Bitcoin as BTC/USD broke above $50,000. "Of course, you know, we can only speculate, but when we measure it in terms of dollars, you have to think it's going to infinity," he told Bloomberg TV about future price trajectory.
"I think 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 pretty reasonable."
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A widely-followed trader and crypto analyst believes Bitcoin will ascend to a new high of $100,000 sooner than most investors think.
With the correction out of the way, Kaleo says BTC is poised to begin a fresh rally that will catapult the leading cryptocurrency to gains of over 100% in the coming months.
?Bitcoin/BTC Send it to $100,000.?
According to the crypto trader, he used Bitcoin?s price action during the 2017 bull market and overlaid it on BTC?s current rally. Based on Kaleo?s chart, the leading cryptocurrency could hit $100,000 in April.
Crypto evangelist Max Keiser says Bitcoin (BTC) could increase 300x as it sets its sights on the dominance of the US dollar.
Keiser points out that as Bitcoin displaces gold and the US dollar, the value of the leading cryptocurrency will rise meteorically.
?I guess it?s going a lot higher because it has to replace gold. It has to replace the US dollar. The total addressable market (TAM) for Bitcoin is $300 trillion. It?s now at $1 trillion. It?s got a 300x path to go from here. Own it or have fun staying poor.?
Mike Novogratz, CEO of crypto management firm Galaxy Digital, is dramatically pushing up his bullish Bitcoin price prediction for 2021.
As more institutions embrace the flagship crypto asset, the Bitcoin bull predicts that the BTC price will more than double and hit $100,000 by the end of 2021.
?It feels like we?re going to consolidate a little bit here in this $50,000 area, caught [between] $42,000 to $60,000 but then the next big leg is up to $100,000, and that wouldn?t surprise me at all if we crack a hundred by the end of the year.?
Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill Podcast says $77,000 BTC short term target is a lock and predicts the king cryptocurrency will hit $220,000 in 2021 easy.
"Bitcoin hash keeps hitting new ATH. It?s a leading indicator. Based on the current number, $77,000 (short-term) is a lock.
A ?Paradigm shift? means bonds crash 50-70% and trillions move into Bitcoin getting us to $220,000 in 2021.
If the Fed loses ability to prevent the market from crashing bonds (as it should) then yea, my Bitcoin to $220,000 in 2021 prediction is easy!"
Another top trader says the Bitcoin bottom is in and plots a new BTC all-time high in March of $80,000, right in alignment with Max's prediction.
Software giant Microstrategy has purchased more than $1 billion worth of bitcoins to bring its total cryptocurrency holdings to above $4.5 billion worth.
Speaking to CNBC before the latest investment was announced, Mr Saylor said that he believed bitcoin?s market cap would rise $100 trillion ? 10-times that of gold?s.
It is currently worth less than $1trn, having risen from below $100bn last March.
?Bitcoin is going to flip gold, and it?s going to subsume the entire gold market cap,? he said.
?Once it gets to $10 trillion, its volatility will be dramatically less. As it marches toward $100 trillion, you?re going to see the growth rates fall, the volatility fall, and it?s going to be a stabilizing influence in the entire financial system of the 21st century.?
Su Zhu, the co-founder and CEO of fund management firm Three Arrows Capital, is revealing an astronomical Bitcoin price prediction of $2.5 million per BTC.
In a new interview with UpOnly, Su Zhu compares Bitcoin to gold, asserting that gold is likely undervalued and that in the long run, Bitcoin is primed to take over a large portion of the precious metal?s market share.
?I mean, I think there?s an argument that gold itself is very undervalued. If it was the dominant store of value cause this thing was at like $1,700 years ago? and let?s say gold should have 5X?d if there wasn?t Bitcoin, then really we?re looking at a $50 trillion market cap.
So then you?re already halfway there to $100 trillion and that will get you to $2.5 million per BTC and I think that that is definitely possible.?
A Dubai businessman is pledging to buy 100,000 Bitcoin worth up to $4.8 billion as part of a new company strategy. To put that into perspective, it?s the largest BTC investment of its kind in the world.
Khurram Shroff, the Chairman of Dubai?s IBC Group, a noted Arab Whale, and the poster child of Blockchain technology in the Middle East and Asia, has pledged 100,000 Bitcoin (current value of USD $4.8 Billion) to setup the Miami 2.0 Blockchain Strategy Foundation and many other related Joint Venture Projects.
Mr. Shroff?s backing of Miami 2.0 Blockchain Strategy could turbo-charge use of the cryptocurrency, which is estimated to transact USD $200 Billion per day, by the end of 2021.
Financial services outfit Square just announced it has picked up more Bitcoin (BTC).
Square ?has purchased approximately 3,318 bitcoin at an aggregate purchase price of $170 million,? the company said in a public statement on Tuesday, adding:
?Combined with Square?s previous purchase of $50 million in bitcoin, this represents approximately five percent of Square?s total cash, cash equivalents and marketable securities as of December 31, 2020.?
Bitcoin has fallen significantly this week so far, dropping below the $50,000 mark after tapping a record high past $58,000, based on TradingView.com data. Based on the $170 million sum Square swapped for about 3,318 BTC, the outfit looks to have paid an average of $51,235 per coin on its new investment.
?Aligned with the company?s purpose, Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for individuals to participate in a global monetary system and secure their own financial future,? Square noted in the statement. ?The investment is part of Square?s ongoing commitment to bitcoin, and the company plans to assess its aggregate investment in bitcoin relative to its other investments on an ongoing basis.?
Bitcoin dumped 17% in the past 24 hours liquidating $5.64 billion in extended BTC losses, however, Wall Street veteran and host of the Keiser Report, Max Keiser remains optimistically bullish sharing the following on Crypto twitter:
?Bitcoin has been rising 200% per annum for 10 years during a time of historic low inflation-expectation (see chart).
We are now heading into a crushing inflationary period that will super charge BTC?s price to the stratosphere.
Incredibly bullish for Bitcoin. The BTC super cycle is just beginning!?
The CEO of digital payment platform Abra says Bitcoin could break $250,000 before year?s end, but he also thinks that the crypto markets are overdue for a healthy correction.
On a new episode of What Bitcoin Did with Peter McCormack, Bill Barhydt says he?s looking for potential resistance at the $60,000 level before a massive BTC correction ensues.
Bitcoin bull and Wall Street veteran Max Keiser has issued a massive BTC price prediction, saying as game theory suggest, governments around the world will start putting Bitcoin on their balance sheet sending BTC parabolic to $1,000,000.
The RT host of the Keiser Report shared the following:
"As long as governments control money, there could be no advances in money. Along comes bitcoin, it separates government from money. No government can touch btc, they?re completely divided & divorced.
And as I predicted, if you gave people hard money like bitcoin to transact without the interference of government it would be an economic global boom, a renaissance.
We can transact in unconfiscatable, uncensorable money when nobody can stop us because we?re protected by this encrypted shield called the bitcoin protocol that?s impenetrable & nobody can stop us.
Governments have flapped their gums a lot & suggested oh we are against it but none of them can stop it. Eventually one of these governments according to game theory is gonna say you know what, enough is enough we?re gonna start putting it on our balance sheet here.
And whatever country that might be & then every other country will do exactly the same thing and the price of course will go $500K, $600K, $1,000,000 a bitcoin and Max & Stacy will be once again 100% right."
Binance CEO Changpeng Zhao says the world is unprepared for the flood of interest that is set to enter the Bitcoin and Crypto market.
In a conversation with Bloomberg Radio, Zhao comments on the upward potential of Bitcoin and the growth in users his exchange is facing.
Zhao tells Bloomberg Radio that as more institutions like Tesla and MicroStrategy start to allocate to Bitcoin, the cryptocurrency could explode in price.
?Right now, I think only 11 companies have announced they are allocating some, like usually less than 1% of their corporate treasury, to Bitcoin. And we think that is most likely what caused the initial price rise. I think Microstrategy?s Michael Saylor started it first. But there are 650,000 companies in the world? like relatively established companies in the world. And their treasury is huge.
If all of them only allocated 1% to Bitcoin we are going to see, I don?t know, 1,000x more growth in Bitcoin price. And if they allocate more than 1%, that?s going to be even bigger. So I think people don?t quite get the magnitude of the wave that is about to hit us.?
Wall Street veteran Max Keiser says money printing and dollar debasement is boosting the rise of Bitcoin.
Keiser, who is an early BTC investor, says the digital asset?s parabolic ascent could ultimately take the Bitcoin price to about the $2 million mark.
In a new edition of RT?s Keiser Report, the longtime Bitcoin bull says he expects actions from US regulators to continue to inadvertently make the case for BTC, which has a hard supply cap of 21 million coins.
?The reason why Bitcoin is skyrocketing is because there?s hyperinflation in America. And the US dollar is in a hyperinflationary collapse against Bitcoin. And the solution, as we?ve been describing by these policymakers, will always be to print more money. So that means that Bitcoin is on a one-way trip higher because they have no other policy solution than to print money.?
Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin (BTC) with the expectation that it will rise to $500,000.
Announced earlier today via a blog and Twitter post, the firm stated it won?t be ?buying overpriced ETFs? but will be ?buying Bitcoin directly.? Currently ranked fifth globally in the investing category, according to SimilarWeb, and with 87 million website visits per month, The Motley Fool outlined three core reasons behind the purchase: Bitcoin is a better store of value than gold, it's an effective hedge against inflation and it has the potential to become a transactional asset.
The firm will be investing in Bitcoin through its 10X real-money portfolio as one of 40 assets that it predicts will provide a 1,000% return over the next 15 years. The firm has recommended the digital asset as a core holding to all its 10X members and has provided time for them to purchase BTC before The Motley Fool initiates its own purchase. It added that in the coming weeks the company "will also be separately buying $5 million in Bitcoin on our own balance sheet."
Bitcoin (BTC) hit new lifetime highs of more than $51,700 on Feb. 17 as it tackled what trader Peter Brandt confirms is a ?parabolic advance.?
Data from Cointelegraph Markets and TradingView showed BTC/USD passing the $50,000 resistance level again on Wednesday, this time continuing into uncharted territory.
Tuesday had seen Bitcoin hit $50,000 for the first time ever, that level nonetheless failing to hold for more than a matter of minutes. With its return, the largest cryptocurrency is in a "parabolic advance" - the fourth in its twelve-year history, analysts say.
"Big picture Bitcoin is undergoing its third parabolic advance in the past decade," Brandt tweeted alongside an annotated price chart. "A parabolic advance on an arithmetic scale is extremely rare - three on a log scale is historic."
Dan Held, growth lead at crypto exchange Kraken, is outlining the catalysts that he believes could ignite a Bitcoin 'Supercycle', catapulting the BTC price to $1 million.
In a new episode of the What Bitcoin Did podcast, Held explains why he believes the current bull market could grow exponentially larger than Bitcoin?s boom cycles in 2013 and 2017.
?When I look at these cycles though, what makes me very excited about this upcoming one, which could be? a supercycle, is that this time, is different. The 2013 bull run, the 2017 bull run, it was mainly based on retail-driven speculation. The macro markets, the rest of the world, was doing fine. It was a large bull run and these were mainly speculative cycles run by retail with a very shaky infrastructure?
With this bull run, we?ve got a lot of different things lined up.?
Prominent crypto analysts PlanB and Willy Woo say that Bitcoin is just getting started on its journey towards mass adoption.
In a three-way interview on The Investor?s Podcast Network, on-chain data expert Woo reveals that by his estimations, whales are heavily accumulating BTC while retail investors are just getting started, indicating that Bitcoin is still in the early stages of a bull market.
Mike Novogratz, CEO of crypto management firm Galaxy Digital, is revealing when he thinks Bitcoin will hit his target of $500,000.
In a discussion with Michael Saylor on the WORLD.NOW event hosted by MicroStrategy, Novogratz proposes that Bitcoin will continue to perform well, more so as a store-of-value asset rather than as a currency.
?I think we?ve hit a tipping point in this network effect I talked about, and my base case is: if I look at Bitcoin as a percentage of gold, I think Bitcoin is going to be digital gold. I know a lot of people disagree with me. They?ll think, ?No, it going to be money. It?s going to be the blockchains of all blockchains,? I just don?t think so. I think it?s got a beautiful lane as a store of value. It was perfectly designed as a store of value.?
A prominent crypto trader and analyst says it is not yet too late for investors to jump into Bitcoin (BTC).
Based on Kaleo?s chart, Bitcoin is taking a page out of its 2017 bull market where it consolidated below $2,000 before surging to its previous all-time high of $20,000.
This time, the trader believes Bitcoin is setting the stage for a meteoric ascent that would catapult BTC to $250,000 by July 2021.
Anthony Scaramucci, the former White House communications director and founder of investment firm SkyBridge Capital, has said Bitcoin could 'easily' hit $100,000 within the next 12 months as more companies and money managers are adopting it.
In an interview with Yahoo Finance on Wednesday, Scaramucci said he would advise investors to move the money that they do not need in the short-term to BTC. Bitcoin, he said, has a very big future.
Market analyst and prominent podcaster Preston Pysh says Bitcoin is poised to continue its parabolic ascent.
In a new episode of the What Bitcoin Did podcast, Pysh says BTC will prove critics and naysayers wrong in the coming months as he believes the leading crypto asset will outperform beyond expectations.
As for the exact price of Bitcoin, Pysh refers to a tweet that shows Bitcoin pulling off a steep rise and printing gains of over 106% in two months.
?I redrew it and that?s why I?m saying on the chart, whether this happens or not, I have no idea, but the redraw that I just recently posted, I think last week, has the price at $95,000 in mid-April before it starts to going into some chop.?
According to Pysh, the chop will likely send Bitcoin back down to $50,000 before resuming its ascent and targeting $150,000 by the end of June.
Calls for a $70,000 Bitcoin price is picking momentum among technical market analysts as the cryptocurrency (BTC) makes way into Tesla?s balance sheets.
Cheds, an independent cryptocurrency analyst who enjoys a massive following on Twitter, saw the BTC/USD exchange rate rising by at least 70 percent in the coming sessions. ?Just an observation,? he said while citing a fractal-like Relative Strength Indicator for his bullish analogy, adding that whenever the indicator enters into a ?power zone,? it sends the Bitcoin prices higher.
The ?zone? represents the overbought areas in the chart above. An RSI reading above 70 shows Bitcoin in an exceeding valuation area that typically amounts to a sell-off. However, in the last two breakouts above 70, the cryptocurrency overstayed its welcome above 70, which led the spot price higher by 70-100 percent.
?Based on this theory, the [bitcoin] price should hit about $70k before cooling off, sometime in the next 3-4 weeks,? said Mr. Cheds.
The crypto markets are a sea of green to start the week as electric car giant Tesla announces it has bought $1.5 billion worth of Bitcoin.
In a new filing with the U.S. Securities and Exchange Commission, Tesla revealed it also plans to accept BTC as a form of payment for its fleet of vehicles.
?In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future.
Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.?
This morning Bitcoin hit a new all-time high surpassing $44,000 per BTC.
Hedge fund legend Bill Miller is exhibiting an even larger appetite for Bitcoin. According to a Friday filing with the United States Securities and Exchange Commission, The Miller Opportunity Trust is seeking indirect exposure to BTC via the Grayscale Bitcoin Trust.
The planned investment is coming at a time when the GBTC premium is at its lowest level since April 2019.
If the GBTC shares acquisition does pull through, it will mark a significant departure from the usual investments in equities and derivatives for the $2.25 billion fund. Indeed, the trust?s website lists airlines, healthcare and financials among its core investment position focus.
With the fund?s Bitcoin exposure limited to 15% of its assets under management, the GBTC outlay could top $300 million. As part of the filing, the trust did comment on price volatility, stating, ?There is relatively small use of Bitcoin in the retail and commercial marketplace in comparison to the relatively large use of Bitcoin by speculators.?
Bitcoin will hit highs of $65,000 per BTC ?in the next few weeks? as crypto-advocate US Senator Cynthia Lummis educates Washington against regulating the cryptocurrency, claims Max Keiser.
Today, Bitcoin pioneer Max Keiser, host of the Keiser Report and Orange Pill Podcast said the price of BTC would rise to ?$65,000 in the next few weeks? and would eventually see a new all-time high of ?$220,000 in 2021?.
He described the factors evolving to encourage a sustained bullish sentiment for Bitcoin.
How long will the current Crypto season of prosperity last? Ari Paul, chief information officer at BlockTower Capital, thinks this Bitcoin (BTC) bull run has at least nine more months.
?Time-wise, my guess is we have 9-22 months,? Paul said of the current crypto bull run, responding to a comment on one of his tweets. ?Price wise - my guess is BTC ends the bull run between $100k-$400k and alts do better.?
MicroStrategy CEO Michael Saylor is explaining why he?s bullish on Bitcoin to the corporate world.
In an interview at MicroStrategy?s World Now Summit, which brought together hundreds of companies interested in learning more about BTC, Michael Saylor touts the leading cryptocurrency?s advantages in an increasingly digital era.
The CEO says he believes Bitcoin can save companies from incoming inflation, allow them to plug into a revolutionary and superior monetary network, and that, in his mind, the cryptocurrency will become a multi-trillion dollar asset.
Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com.
Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first half of 2021.
According to Cohen, Bitcoin?s growth in 2021 will be fueled by support from institutional investors combined with the ?flush of ultra-cheap money being pumped into the global financial system? by global central banks like the United States? Federal Reserve:
?After a record-breaking year in 2020 that saw it jump more than 300%, Bitcoin looks to stay strong in 2021 as more retail ? and big-name institutional buyers ? enter the market [...] For those already in, the strategy in place remains to HODL [...] First-time novice investors have found their way into many risk-perceived assets, including Bitcoin.?
Scott Minerd, chief investment officer of the multi-billion dollar investment firm Guggenheim Partners, has revised his previous Bitcoin prediction to reflect the BTC long-term price potential.
In an interview with CNN?s Julia Chatterley on Tuesday, Minerd said, based on Guggenheim?s fundamental research, he believes Bitcoin could eventually climb as high as $600,000 per BTC.
Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill Podcast says BTC will 40x from here which suggest a $1.4 million Bitcoin price. He shared the following tweet on Crypto twitter:
"As long as the CFTC controls Silver prices, any buy orders will be met with 50x naked (counterfeit) sell orders. Only Bitcoin can and will replace fiat money and so-called market regulators completely. BTC is a 40x from here. Crash The System, Buy Bitcoin?
Bitcoin (BTC) is on the verge of seeing broader acceptance, Elon Musk, the CEO of Tesla, said in a Clubhouse conversation on Feb. 1.
Clubhouse is an exclusive audio chat social media platform that is invite-only. Members can join various conversations, akin to an online private conference.
During the conversation with Andressen Horowitz and other prominent investors, Musk was asked about his thoughts on Bitcoin. On Jan. 29, Musk put the word ?Bitcoin? in his Twitter bio, causing the price of BTC to rally by more than 14% in 30 minutes.
After the occurrence, Bitcoin investors and enthusiasts were highly anticipating positive comments about crypto, in general, from Musk. When asked about Bitcoin, Musk said according to industry executives who were able to listen to the chat:
"I do think Bitcoin is a good thing. I'm a supporter of Bitcoin. I think Bitcoin is on the verge of getting broad acceptance by conventional finance."
Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal?s Global Macro Investor Report, the BTC market cap could 10x from there by October 2021.
Currently, Bitcoin is tracing significantly below its Metcalfe Value, according to the report. Past instances of Bitcoin bull markets have always risen beyond the Metcalfe Value, but simply catching up in this case would take the cryptocurrency to a $300,000 per BTC by October 2021.
The project does indeed line up with predictions from other analysts, firms, and more. Even taking the exact trajectory of the last cycle, and super imposing it over the current cycle would indicate a peak of around $325,000 per BTC.
However, if the Metcalfe Value truly is accurate, and the cryptocurrency is this accurate, $300,000 as the ceiling is an extremely cautious estimate. Again, past instances of the bull market peaks have always risen beyond the Metcalfe Value according to the GMI Report chart.
Billionaire hedge fund manager Ray Dalio thinks BTC is ?one hell of an invention? that could potentially become a privately held ?storehold of wealth? asset like gold.
Dalio, the founder of Bridgewater Associates, has been a noted Bitcoin skeptic in the past.
On Thursday, he published his opinions about the asset at length on the Bridgewater website, highlighting both the risk and potential of the biggest cryptocurrency. He does caution, however, that he is not a Bitcoin or cryptocurrency expert.
Says the hedge fund manager,
?There aren?t many alternative gold-like assets at this time of rising need for them (because of all the debt and money creations that are underway and will happen in the future). Because of what is going on in the world, besides there being a growing need for money or storehold of wealth assets that are limited in supply, there is also a growing need for assets that can be privately held."
Bitcoin is breaking through a weeks-long slumber thanks to a big shout-out from billionaire tech entrepreneur Elon Musk.
On Friday, Musk modified his Twitter bio to a simple statement ? ?Bitcoin?.
The price of the top cryptocurrency promptly went vertical, rising from $32,119 to $38,415 at time of publishing.
Musk?s bio appeared to be updated on Friday morning, and was followed by a cryptic tweet that referred to the inevitability of... something.
"In retrospect, it was inevitable"
Bitcoin pioneer Max Keiser, host of the Keiser Report and Orange Pill Podcast went on an epic tweet storm revealing why he believes BTC is going to $220,000 in 2021.
"It?s war. Millennials vs Boomers. WSB/Millennials have the numbers. NASDAQ/Boomers are fighting (and losing) a rear guard action. The smart money?s on WSB. NASDAQ doesn?t have a chance.
'Regulators' money-printers, insiders, politicians, CNBC, built an exclusive playground of free credit and endless profits trading on inside-info while levying draconian taxes and usurious rates for outsides. Wallstreetbets just blew that sh*t up. Bitcoin will finish the job.
Reason 1024 why Reddit/WSB is blowing up the stock market: It?s illegal for the Fed to print money and use it to buy junk bonds in their friends? dying companies, until they did, using a ?workaround? to mask the crime.
Why NO COMMENT from cnbc. This is blatant, rampant, economy-killing FRAUD. This is why Bitcoin going to $220,000 in 2021. Need to burn the whole thing down."
MicroStrategy chief executive Michael Saylor says Bitcoin has the potential to rise by a factor of 100-1,000 which would put the BTC price between $3 million and $30 million dollars per Bitcoin.
In a new interview on the Unchained Podcast, the head of the publicly-traded business intelligence giant says traders are so concerned about Bitcoin?s technicals that they fail to see one fundamental issue.
?None of the trading matters. None of the volatility matters. People that are living in their little world, studying their Fibonacci retracements and preaching with incredible conviction about the upcoming expected 60% retracement or 80% retracement, they are overlooking this fundamental issue, which is if Bitcoin is a digital monetary network and if enough people with money and power decide to adopt it, it?s going to go up and increase by a factor of a 100 or 1,000. And there?s nothing you can do to stop it.?
This new bullish Bitcoin research report published by Blockware Solutions entitled, "2021 Bitcoin Market Outlook - $40,000 is Only the Beginning" predicts a $700,000 BTC price by the end of 2021.
As Bitcoin price continues to make new highs in 2021, it is imperative to understand that the current Bull Cycle (March 2020 - Present) has been, and continues to be, disproportionately driven by institutional investment, while retail investors have remained slow to participate.
This is a powerful signal that the present Bitcoin Bull market is still in its early stages. A key characteristic of early Bull Market?s is heavy institutional accumulation during the early stages of the Bull Market.
Wall Street veteran Max Keiser is forecasting a severe Bitcoin supply crisis on the horizon that will force institutions to buy BTC at significantly higher levels in an instant.
In The Orange Pill Podcast, the Bitcoin firebrand says huge gap ups in BTC price may be in store for Bitcoin as institutional investors scour markets for supply of the scarce asset.
?Over the last couple of years, we?re transitioning from fake volume to real volume and that?s kind of like churning through an overhead or a supply of volume to create the price discovery.
Pretty soon what I think is going to happen is that the Michael Saylor type or a corporate type or an institution will come in with an order to buy $10 billion to $20 billion worth of Bitcoin and suddenly within a few trades, they?re going to be discovering there?s no supply at all and then suddenly the price will gap from $37,000 to $47,000 to $52,000. It could happen in ten minutes because the markets kind of lulled people into a sense that there is supply out there.
It?s churning through all that bullshit supply and then once that?s all gone, the institutions are going to be in for a rude awakening because they won?t be able to source any coins at any price until it gets a lot higher. So I think the next break is going to be a gap. It should suddenly gap higher and then that?ll be a big story.?
Morgan Creek Digital?s Anthony Pompliano is mapping out a scenario in which Bitcoin (BTC) hits the $1 million mark.
In an interview with Stansberry Research, the co-founder and partner at hedge fund Morgan Creek Digital divulges his modest 2021 Bitcoin price prediction as well as his very bullish long-term prediction for the flagship digital asset.
As for his 2021 price target, Pompliano stands by his 2019 BTC forecast, in which he estimated that Bitcoin would reach $100,000 by December 31st, 2021, even if the prediction appears conservative compared to some other bets circulating around the crypto world.
Bitcoin Pioneer Max Keiser has accurately predicts 3 Bitcoin price targets which I share documented proof of that I covered in the headlines of this podcast including: $28K, $35K and $42K.
The popular RT host of the Keiser Report predicts a $65K Bitcoin price as his next short term target as well as $220K BTC price as his 2021 end of year target.
In other trending cryptocurrency news today:
"Chainlink Now Bigger Than Litecoin As LINK Price Hits New High Above $24"
Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week.
Bitcoin bull Max Keiser is unfazed by the recent 30% BTC price correction.
The RT host of the Keiser Report and the Orange Pill Podcast predicts a $65K Bitcoin short term target ?still? in play and even says, ?I would not be surprised to see BTC hit a new All-Time High by this time next week.?
?$65,000 short term target still in play. Today?s ?Double Spend? FUD provided a rare discount to buy sats cheap.
I?ve been through three 90% corrections in Bitcoin since 2011. This 30% drop doesn?t phase me one bit. In fact it?s fun. The only people who should be worried are those holding worthless sh*tcoins (and they are *all* worthless sh*tcoins).?
In the most recent episode of the Keiser Report, Max shares:
?Here we are in 2021 exactly as we predicted. They did not reform the banks, in fact they just expanded their credit card, they expanded their capacity to print & borrow & give away the cash to their friends causing now this huge crisis.
It is an enormous number & it?s just going to inflame the fire of social unrest, hyperinflation? Bitcoin to $500K. Thank you politicians, I love being a BTC billionaire!" - MaxKeiser
BlackRock has authorized two of its funds to invest in Bitcoin (BTC) futures, according to filings released Wednesday with the Securities and Exchange Commission.
The move allows exposure to cryptocurrencies for clients of the world's largest asset manager for the first time.
The $8.7 trillion asset manager said it could use bitcoin derivatives, among other assets, under the BlackRock Strategic Income Opportunities and the BlackRock Global Allocation Fund.
2020 was the year Bitcoin caught the eye of institutions. While many were skeptical when MicroStrategy famously converted its corporate treasury reserves to BTC, it didn't take long for Michael Saylor's move to awake the interest of other corporations and financial institutions.
As the developments of the past year have carried over into 2021 with no signs of slowing down, Bitcoin is undergoing an image change in the public eye, gradually moving away from it's 'darknet money' reputation, and increasingly seeing comparisons to the millennia-old store of value gold.
As new price anticipations by banks, funds, and individual investors continue flying in, it may become hard to keep up with who predicted what - and why.
Investor and prominent podcaster Preston Pysh says anyone predicting Bitcoin (BTC) will hit a market capitalization of $10 trillion is underestimating the leading cryptocurrency.
In a new interview with Saifedean Ammous of The Bitcoin Standard podcast, Pysh predicts the leading cryptocurrency?s total market value could eventually soar above the $100 trillion mark.
?I will tell you this much. I think $10 trillion is laughable. I think people that are saying that it?s going to replace gold and like that?s the end state of this. I think that?s a total joke?
When we talk about the buying power of one of those (21 million) coins, I think the number is probably $5 million to $10 million a coin. Something like that. And I think that?s being pretty conservative.?
In an interview with Bloomberg Markets on Friday, Guggenheim Partners? chief investment officer Scott Minerd clarified his seemingly contradictory views on Bitcoin?s potential, and revealed that select Guggenheim private funds have invested in the cryptocurrency (BTC).
Minerd, who oversees Guggenheim?s $275 billion in assets under management, called for a sky-high $400,000 price target for Bitcoin in an interview late last year ? easily among the loftiest price predictions from a major institutional head ? but more recently said in a Tweet last week that the market may be overheated. The about-face even prompted some playful accusations of market manipulation.
Crypto analyst Michaël van de Poppe of the Amsterdam Stock Exchange shares his Bitcoin (BTC), Ethereum (ETH) Polkadot (DOT), Chainlink (LINK), Cardano (ADA), Zilliqa (ZIL) and Ripple (XRP) peak high predictions for this bull cycle as follows:Bitcoin to $275,000-350,000 Ethereum to $7,500-12,500 Polkadot to $100-150 Chainlink to $100-150 Cardano to $3-5 Zilliqa to $0.80-1.20 Ripple to $0.50-0.60
Roughly $500 million worth of cryptocurrency futures positions were liquidated in the past 24 hours. The mass liquidation of positions happened before the price of Bitcoin (BTC) dipped below $34,000 on Jan. 17.
Bitcoin bull 'The Moon Carl' who has over 220,000 youtube subscribers shared in his latest video, "The BTC price is now coiling up for a massive monumental move" and he also shared the following tweet:
"Bitcoin is gearing up for a huge move right now, it's clear in the charts! $50,000 could be literally 48 hours away!"
In other breaking Bitcoin News today:
"Goldman Sachs Sees Bitcoin Market Becoming More Mature And Will Enter BTC By Offering Custody"
Goldman Sachs? global head of commodities research sees the bitcoin market becoming more mature.
?The key to creating some type of stability in the market is to see an increase in the participation of institutional investors,? he detailed. Meanwhile, the price of the cryptocurrency soared on Thursday, regaining much of the losses from the beginning of the week.