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Bitcoin Predicted To Reach $100,000 Mark Within Next 12 Months, Says Messari Co-Founder
In a recent tweet, Ryan Selkis, co-founder of on-chain data analytics firm Messari, made some bold predictions about the future of Bitcoin. He claimed that the cryptocurrency would reach the $100,000 mark within the next 12 months and that there would be more bank failures in the coming weeks.
Selkis’s prediction is based on the return of monetary easing by the Federal Reserve, in which interest rates are cut and quantitative easing is resumed. He believes that this will lead to sustained moderate inflation, which will cause Bitcoin to rise in value.
According to Selkis, Bitcoin is perceived as healthy money amid the continued devaluation of the dollar. He believes that companies like MicroStrategy will accumulate cryptocurrencies faster than federal regulators can move to shut down assets, such as Bitcoin regulation.
Selkis’s optimistic bet on the future of Bitcoin is that it will change from ‘outside money’ to ‘healthy money’ and reach $100,000. He emphasized that Bitcoin is perceived as a life raft and peaceful exit option in the current economic climate.
However, the key to this prediction is that institutions must be able to buy and defend Bitcoin alongside individual investors. Selkis predicts that institutions will buy Bitcoin faster than federal regulators can shut down assets.
As a recent report by AZCoin News, Balaji Srinivasan, the former CTO of Coinbase, has made a daring prediction that Bitcoin’s value will hit $1 million by June 17th. To demonstrate his confidence in his forecast, he has proposed a $1 million wager. The bet was set in motion on March 17th when a Twitter user known as James Medlock offered to bet anyone $1 million that the United States would not suffer from hyperinflation. Balaji accepted the challenge and tweeted, “I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days.”
#Bitcoin #BTC #BTC100k #Messari #azcoinnews
This article was republished from azcoinnews.com
Selkis’s prediction is based on the return of monetary easing by the Federal Reserve, in which interest rates are cut and quantitative easing is resumed. He believes that this will lead to sustained moderate inflation, which will cause Bitcoin to rise in value.
According to Selkis, Bitcoin is perceived as healthy money amid the continued devaluation of the dollar. He believes that companies like MicroStrategy will accumulate cryptocurrencies faster than federal regulators can move to shut down assets, such as Bitcoin regulation.
Selkis’s optimistic bet on the future of Bitcoin is that it will change from ‘outside money’ to ‘healthy money’ and reach $100,000. He emphasized that Bitcoin is perceived as a life raft and peaceful exit option in the current economic climate.
However, the key to this prediction is that institutions must be able to buy and defend Bitcoin alongside individual investors. Selkis predicts that institutions will buy Bitcoin faster than federal regulators can shut down assets.
As a recent report by AZCoin News, Balaji Srinivasan, the former CTO of Coinbase, has made a daring prediction that Bitcoin’s value will hit $1 million by June 17th. To demonstrate his confidence in his forecast, he has proposed a $1 million wager. The bet was set in motion on March 17th when a Twitter user known as James Medlock offered to bet anyone $1 million that the United States would not suffer from hyperinflation. Balaji accepted the challenge and tweeted, “I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days.”
#Bitcoin #BTC #BTC100k #Messari #azcoinnews
This article was republished from azcoinnews.com
Legendary Trader Peter Brandt Reveals Epic 344% Bitcoin Price Growth Prediction.
which would mean a 344% rise in Bitcoin's current value compared to gold.
Peter Brandt's Bitcoin predictions:
*Bitcoin Bull Market*: Peter Brandt expects Bitcoin's ongoing bull market to peak at $200,000, a significant upward revision from the previous estimate of $120,000.
*Bitcoin and Gold*: According to Brandt's analysis, Bitcoin (BTC) is set to keep going up against precious metal over the next 12 to 18 months. He predicts that the number of gold ounces needed to buy one Bitcoin would eventually reach 100, which would mean a 344% rise in Bitcoin's current value compared to gold.
*Bitcoin Price*: Brandt's analysis suggests that Bitcoin could be poised for a significant rally toward the $74,000 mark, revisiting its previous all-time high.
*Fulcrum Bottom Pattern*: Peter Brandt's Bitcoin chart indicates that he expects the Bitcoin price to rise to $40,000. The basis for this forecast is a fulcrum bottom pattern that Bitcoin has successfully formed and from which the price has recently broken out.
*Bullish Megaphone Pattern*: Brandt also appears to have drawn a bullish megaphone pattern in the chart. This pattern has also been shared in recent days by analyst Ali Martinez, who most recently wrote: "Bitcoin remains on course for $34,000 as the bullish megaphone pattern continues to dictate BTC’s trajectory!" Unlike Martinez, however, Brandt expects BTC’s rally to continue near $40,000 in his latest analysis.
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#btc70k #BTC100k #ETHETFsApproved #MicroStrategy #BlackRock $BTC
which would mean a 344% rise in Bitcoin's current value compared to gold.
Peter Brandt's Bitcoin predictions:
*Bitcoin Bull Market*: Peter Brandt expects Bitcoin's ongoing bull market to peak at $200,000, a significant upward revision from the previous estimate of $120,000.
*Bitcoin and Gold*: According to Brandt's analysis, Bitcoin (BTC) is set to keep going up against precious metal over the next 12 to 18 months. He predicts that the number of gold ounces needed to buy one Bitcoin would eventually reach 100, which would mean a 344% rise in Bitcoin's current value compared to gold.
*Bitcoin Price*: Brandt's analysis suggests that Bitcoin could be poised for a significant rally toward the $74,000 mark, revisiting its previous all-time high.
*Fulcrum Bottom Pattern*: Peter Brandt's Bitcoin chart indicates that he expects the Bitcoin price to rise to $40,000. The basis for this forecast is a fulcrum bottom pattern that Bitcoin has successfully formed and from which the price has recently broken out.
*Bullish Megaphone Pattern*: Brandt also appears to have drawn a bullish megaphone pattern in the chart. This pattern has also been shared in recent days by analyst Ali Martinez, who most recently wrote: "Bitcoin remains on course for $34,000 as the bullish megaphone pattern continues to dictate BTC’s trajectory!" Unlike Martinez, however, Brandt expects BTC’s rally to continue near $40,000 in his latest analysis.
follow me for new information and like
#btc70k #BTC100k #ETHETFsApproved #MicroStrategy #BlackRock $BTC
Those who entered the analysis from the beginning are surfing, look what's happening again, $BTC TC flying, I'm seeing yet another run over of the bulls over the bears and just like I always say everything, it's only a matter of time to see the result. Remembering that it's not an indication of buying or selling just analyzes of how I see the Bitcoin market, everyone has full responsibility for their investments and management of their capital.#BTC100k #halvingbitcoin #HotTrends #Binance
The real #Bitcoin runup will start once the halving happened. 💯
We are still early. You belive it #btc 100k hit in 2024.✅️
#BTC🔥🔥🔥🔥 #btc.70.000✅ #BTC100k #HotTrends #sol
We are still early. You belive it #btc 100k hit in 2024.✅️
#BTC🔥🔥🔥🔥 #btc.70.000✅ #BTC100k #HotTrends #sol
Is Bitcoin a good long term investment
Bitcoin's potential as a long-term investment depends on various factors, including your risk tolerance, investment goals, and the market's evolution. It's known for its volatility, so it's essential to research thoroughly and consider diversifying your portfolio. Some investors view it as a hedge against inflation and a store of value, while others approach it with caution due to its unpredictable nature.
$BTC #btc70k #BTC100k #BTC500K
Bitcoin's potential as a long-term investment depends on various factors, including your risk tolerance, investment goals, and the market's evolution. It's known for its volatility, so it's essential to research thoroughly and consider diversifying your portfolio. Some investors view it as a hedge against inflation and a store of value, while others approach it with caution due to its unpredictable nature.
$BTC #btc70k #BTC100k #BTC500K
#ILV/USDT #BTC100k #BullishFuture #bullrelly
📌$ILV/USDT (LONG)
Leverage: 5-10x
ENTRY
110 to 134.7
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🎯
137
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145
150
165
180
200
SL
102
📌$ILV/USDT (LONG)
Leverage: 5-10x
ENTRY
110 to 134.7
❤👄please follow us ❤👄
🎯
137
140
145
150
165
180
200
SL
102
🚨🚀 Is It Possible For Bitcoin To Hit $10 Million? Possibility, However, Given This Conditions.
The well-known Bitcoin critic Peter Schiff recently had an insightful conversation on the relative worth of Bitcoin and gold. Schiff, who has always been skeptical, has put forth a scenario in which he believes Bitcoin may hit $10 million by 2031.
The critic of Bitcoin countered that this may occur in specific economic circumstances.
This audacious claim is the result of the Economist drawing a parallel between the prospective development trajectory of Bitcoin and that of gold, underscoring the unpredictability of cryptocurrency assets and the passionate optimism of their supporters.
One X user questioned, "What if Bitcoin goes to $10,000,00 by 2031?" in a comment below this story. In response, Schiff offered a "hypothetical" scenario that centers on the sharp decline of the US dollar, similar to what happened to the German Papiermark after World War I. Germany suffered from severe hyperinflation at that time, which severely damaged the value of its currency.
Schiff says that the price of Bitcoin won't jump to $10 million unless there is a comparable collapse of the US currency. It's crucial to remember that this situation is quite "hypothetical," and the cryptocurrency critic is attempting to argue that Bitcoin can only reach $10 million in a "severe" scenario of economic unrest.
#BTC #ETH #BTC100k #btcnews99
The well-known Bitcoin critic Peter Schiff recently had an insightful conversation on the relative worth of Bitcoin and gold. Schiff, who has always been skeptical, has put forth a scenario in which he believes Bitcoin may hit $10 million by 2031.
The critic of Bitcoin countered that this may occur in specific economic circumstances.
This audacious claim is the result of the Economist drawing a parallel between the prospective development trajectory of Bitcoin and that of gold, underscoring the unpredictability of cryptocurrency assets and the passionate optimism of their supporters.
One X user questioned, "What if Bitcoin goes to $10,000,00 by 2031?" in a comment below this story. In response, Schiff offered a "hypothetical" scenario that centers on the sharp decline of the US dollar, similar to what happened to the German Papiermark after World War I. Germany suffered from severe hyperinflation at that time, which severely damaged the value of its currency.
Schiff says that the price of Bitcoin won't jump to $10 million unless there is a comparable collapse of the US currency. It's crucial to remember that this situation is quite "hypothetical," and the cryptocurrency critic is attempting to argue that Bitcoin can only reach $10 million in a "severe" scenario of economic unrest.
#BTC #ETH #BTC100k #btcnews99
Another #ETF #StartInvestingInCrypto #BTC100k
Australia's First Spot Bitcoin ETF Launching Tomorrow
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Australia's First Spot Bitcoin ETF Launching Tomorrow
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Bitcoin
The unprecedented entry of USDC suggests that the $60,000 that Bitcoin recently reached may represent a local low in the current bull trend. In other words, the market may be preparing to increase its demand at current price levels, driving the rally. Meanwhile, the currency has been trading sideways for the past three weeks, fluctuating between US$60,000 and US$73,700, its new all-time high. Therefore, analysts point out that the market is currently in a consolidation phase and that a breakout is close, both up and down. This scenario occurs while analysts remain optimistic in the medium term due to the halving scheduled for the second half of April. This event, which takes place every four years, consists of halving the issuance of the currency, which limits selling pressure and drives prices upward.#BTC100k
The unprecedented entry of USDC suggests that the $60,000 that Bitcoin recently reached may represent a local low in the current bull trend. In other words, the market may be preparing to increase its demand at current price levels, driving the rally. Meanwhile, the currency has been trading sideways for the past three weeks, fluctuating between US$60,000 and US$73,700, its new all-time high. Therefore, analysts point out that the market is currently in a consolidation phase and that a breakout is close, both up and down. This scenario occurs while analysts remain optimistic in the medium term due to the halving scheduled for the second half of April. This event, which takes place every four years, consists of halving the issuance of the currency, which limits selling pressure and drives prices upward.#BTC100k
The current analysis presents a clear and objective outlook, with bitcoin showcasing remarkable performance, setting the stage for the bulls to dominate over the bears once more. All eyes are now on the awaited breakthrough of the support level at 67k, paving the way for establishing a new support above 68k, ultimately aiming towards the coveted 100k mark. #HotTrends #BTC100k #Halving2024
Swan Bitcoin Predicts Six-Figure Bitcoin Surge Irrespective of U.S. Election Outcome
Swan Bitcoin, a leading Bitcoin-focused financial services company, has made bold predictions for the future of Bitcoin’s price trajectory, asserting that the cryptocurrency is set to surpass six figures regardless of who wins the upcoming U.S. presidential election. According to the firm, the unique market dynamics and macroeconomic factors driving Bitcoin adoption make it less reliant on short-term political outcomes and more influenced by broader global trends.
### Why Bitcoin Could Surge to Six Figures
Several key factors underpin Swan Bitcoin's bullish forecast:
1. Macro-Economic Trends: With inflationary pressures and growing concerns over central bank policies worldwide, Bitcoin is increasingly seen as a hedge against traditional financial instability. This is particularly relevant in the context of expansive monetary policies by central banks and fears of devaluation of fiat currencies like the U.S. dollar.
2. Institutional Adoption: Institutional interest in Bitcoin continues to grow, with major players like BlackRock, Fidelity, and other financial giants filing for Bitcoin ETFs or increasing their exposure to the asset. Swan Bitcoin believes this institutional demand will provide a significant boost to Bitcoin’s price, regardless of political uncertainty in the U.S.
3. Bitcoin’s Halving Cycle: Historically, Bitcoin’s price tends to surge in the periods following its halving events, where the supply of newly mined Bitcoin is cut in half. The next halving is scheduled for 2024, and many analysts predict this could be a major catalyst for Bitcoin to break past its previous all-time highs and potentially reach six figures.
### Political Uncertainty and Bitcoin's Resilience
One of Swan Bitcoin’s central arguments is that Bitcoin is largely insulated from short-term political events like elections. While elections can impact traditional markets, Bitcoin’s decentralized nature and global appeal mean it is less susceptible to changes in government leadership. Instead, Swan Bitcoin argues that Bitcoin’s price movements are more heavily influenced by long-term global economic trends, particularly rising debt levels and inflation concerns.
### Election Outcomes and Bitcoin's Future
While the outcome of the U.S. election may influence the broader economy and financial regulations, Swan Bitcoin contends that the underlying value proposition of Bitcoin as a decentralized, censorship-resistant form of money will remain intact regardless of who is in power. The firm predicts that Bitcoin could continue its upward trend as more individuals and institutions seek refuge from inflation and currency devaluation.
In summary, Swan Bitcoin’s outlook suggests that the cryptocurrency is poised to hit six figures, driven by macroeconomic factors and growing institutional demand, regardless of the outcome of the 2024 U.S. presidential election.
#Bitcoin2024 #CryptoForecast #BitcoinHalving #BTC100k #BTC
### Why Bitcoin Could Surge to Six Figures
Several key factors underpin Swan Bitcoin's bullish forecast:
1. Macro-Economic Trends: With inflationary pressures and growing concerns over central bank policies worldwide, Bitcoin is increasingly seen as a hedge against traditional financial instability. This is particularly relevant in the context of expansive monetary policies by central banks and fears of devaluation of fiat currencies like the U.S. dollar.
2. Institutional Adoption: Institutional interest in Bitcoin continues to grow, with major players like BlackRock, Fidelity, and other financial giants filing for Bitcoin ETFs or increasing their exposure to the asset. Swan Bitcoin believes this institutional demand will provide a significant boost to Bitcoin’s price, regardless of political uncertainty in the U.S.
3. Bitcoin’s Halving Cycle: Historically, Bitcoin’s price tends to surge in the periods following its halving events, where the supply of newly mined Bitcoin is cut in half. The next halving is scheduled for 2024, and many analysts predict this could be a major catalyst for Bitcoin to break past its previous all-time highs and potentially reach six figures.
### Political Uncertainty and Bitcoin's Resilience
One of Swan Bitcoin’s central arguments is that Bitcoin is largely insulated from short-term political events like elections. While elections can impact traditional markets, Bitcoin’s decentralized nature and global appeal mean it is less susceptible to changes in government leadership. Instead, Swan Bitcoin argues that Bitcoin’s price movements are more heavily influenced by long-term global economic trends, particularly rising debt levels and inflation concerns.
### Election Outcomes and Bitcoin's Future
While the outcome of the U.S. election may influence the broader economy and financial regulations, Swan Bitcoin contends that the underlying value proposition of Bitcoin as a decentralized, censorship-resistant form of money will remain intact regardless of who is in power. The firm predicts that Bitcoin could continue its upward trend as more individuals and institutions seek refuge from inflation and currency devaluation.
In summary, Swan Bitcoin’s outlook suggests that the cryptocurrency is poised to hit six figures, driven by macroeconomic factors and growing institutional demand, regardless of the outcome of the 2024 U.S. presidential election.
#Bitcoin2024 #CryptoForecast #BitcoinHalving #BTC100k #BTC
