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The day of reckoning is upon us. He knows the ecosystem as well as anyone.
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Right with the institutional interest and news expected next year, be careful selling: only sell what you can afford to. John McAfee is best known as the creator of the popular McAfee antivirus software.
And his opinions are exceedingly bullish, to say the least. Especially if institutional interest keeps exploding. BTC has accelerated much faster than my model assumptions. I will still eat my dick if wrong. But McAfee has even bolder ideas, to be sure. In an even newer Twitter exchange, McAfee explained that he believes the BTC price could reach into the billions one day. There are only 21 million Bitcoins. There are 2 billion working people in the world. But if that insane price materializes, McAfee will end up looking like even more of a madman genius than he already is.
The cryptocurrency expert and venture capitalist, Tim Draper, has also given its opinion about the future price of Bitcoin. According to him bitcoin and blockchain technology are one of the best things that happened for businesses. At the same time, he said that in the future Bitcoin could keep growing.
About that, he is convinced that the cryptocurrency is the future and that the virtual currency market will gain its place among fiat currencies.
Why would I sell the future for the past? Why would I go and grab some weird fiat subject to the will of some governments? And I am really excited about all the extraordinary things that can happen because of crypto and bitcoin. Cameron Winklevoss is one of the two popular Winklevoss twins. The co-founder of the cryptocurrency exchange Gemini, stated that bitcoin could be worth 40 times its current value.
In order to explain why bitcoin could grow up to 40 times, he compared the cryptocurrency market capitalization with the market cap of gold. During an interview with CNBC he said:. And so a lot of people are starting to se that, they recognize the store of value properties. He has also said that due to the fact that bitcoin has a fixed supply, it is still a very underappreciated asset.
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Indeed, he stated that he and his brother believe that bitcoin disrupts gold. While speaking at the World Economic Forum in Davos, he brought some calm to the cryptocurrency market.
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But Mr Singh said that the kind of volatility that bitcoin experienced is not unusual nor unexpected. In the past, Bitcoin suffered important corrections in just a few days.
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Basically Fibonacci levels, but for time instead of price. Price tends to fall once levels are reached. Next major level occurs in early April. Price will likely have a prolonged multi year bear market starting in April. As a side note, all major bitcoin buyers are in. When buyers dry up, bear markets start, Break trend line, and retest on break.
We can expect the bullish trend to continue, and our targets are previous highs. Based on Halving dates, Bitcoin cycle and long term trend supports. Let me know what you think about I'm not a financial adviser. First of all: Where are we?
Bitcoin Price in USD | Real Time Bitcoin Chart | KITCO
For having a better idea about the scale and location of my analysis I added this snapshot of the BTC chart in the daily timeframe: About the core of my idea: My analysis is based on the 5h timeframe, in which i spotted the potential BUY chance. So I spotted this interesting downtrend In this market situation, I am looking at multiple indicators And I can see bullish momentum accumulating in the pair right now This sentiment makes me bullish biased and I am considering a long Like and subscribe and comment my ideas if you like them! Not much to say on this idea, it speaks for itself.
Also was showing hidden bullish divergence at most recent bottom, as indicated. Higher low on price, lower low on RSI. Ryan Browne Fri, Mar 26th Former top currency regulator on Powell's comments about crypto risks. Fidelity applies to launch a bitcoin ETF. Arielle Berger Thu, Mar 25th Fidelity will launch crypto ETF.
Kate Rooney Thu, Mar 25th Bitcoin is a legitimate asset but full adoption has a ways to go: Asset manager.
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Fidelity to launch bitcoin ETF as the firm builds its digital asset business. VIDEO Closing Bell. Josh Brown discusses whether it's smart for Tesla to allow bitcoin transactions. Personal Finance. But it could mean a tax bill. Crypto firm Blockchain.
Sign up! Gold Price South Africa. The very first major jump in Bitcoin price took place in July Morgan Stanley is the first big U. BTC long term prediction.
Squawk Box. Elon Musk says customers can buy a Tesla with bitcoin.