Tag: #Bitcoin will hit $100K by December 2021

Educational CyberPlayGround, Inc. NetHappenings 12-1-2020 Bitcoin

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Bitcoin

Bitcoin rallies above $19000 after biggest rout since pandemic
The futures market is proving that it’s becoming a more important risk-hedging venue for Bitcoin. Open interest on the CME Group platform has…
https://m.economictimes.com/markets/stocks/news/bitcoin-rallies-above-19000-after-biggest-rout-since-pandemic/articleshow/79494373.cms

Bitcoin Hits New Record, This Time With Less Talk of a Bubble
The crazy cousin of traditional currencies, which fell below $4,000 in March, passed $19,783. More investors now are buying it for the long term. Buyers — led by American investors, including companies and other traditional investors — are treating Bitcoin as an alternative asset, somewhat like gold, according to an analysis from the data firm Chainalysis.
https://www.nytimes.com/2020/11/30/technology/bitcoin-record-price.html

and
https://www.wsj.com/articles/bitcoin-hits-all-time-high-of-19-786-topping-record-from-december-2017-11606750573

BTIG says cryptocurrency ‘comes of age,’ puts $50000 target on bitcoin for 2021
https://www.cnbc.com/2020/11/30/btig-says-cryptocurrency-comes-of-age-puts-50000-target-on-bitcoin-for-2021.html

Bitcoin hits all-time high of $19857, extends year-to-date return to 177% Business Insider
https://markets.businessinsider.com/currencies/news/bitcoin-hits-new-record-high-after-trading-above-19700-2020-11-1029849416

Investment Giant AllianceBernstein Now Says Bitcoin Has Role in Investors’ Portfolios
https://www.coindesk.com/investment-giant-alliancebernstein-now-says-bitcoin-has-role-in-investors-portfolios

What Bitcoin’s New Record Means For Wall Street. It’s not an existential threat to the banking system, but a spur toward a post-Covid digital payments
https://www.bloomberg.com/opinion/articles/2020-12-01/what-bitcoin-s-new-record-means-for-wall-street
and https://www.bloomberg.com/news/articles/2020-11-30/bitcoin-rallies-toward-19-000-after-biggest-rout-since-pandemic

Bitcoin hit the $19800 mark. What the IRS wants to know about your holdings
Bitcoin’s value hit a record on Monday, surging past $19,800 for one unit of the cryptocurrency. Whether you bought, sold or exchanged any of your …
https://www.cnbc.com/2020/12/01/bitcoin-hit-the-19800-mark-how-this-could-affect-your-2020-taxes.html

The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating “unblockable income,” https://news.bitcoin.com/venezuela-army-mining-bitcoin-for-unblockable-income/

xoxoxox

NetHappenings!

Wall Street Legend Bill Miller Reveals ‘Strong’ Bitcoin Recommendation Despite Massive Price

NOT FINANCIAL ADVICE – DO YOUR OWN RESEARCH

#HODLE  #BITCOIN  #HODLERS WILL WIN
Bitcoin is an open source censorship-resistant peer-to-peer immutable network. Trackable digital gold. Don’t trust; verify.
Not your keys; not your coins.

#Bitcoin #Millenials #GenX #GenZ

#Boomers  can rid of the oil, coal & other traditional horrible stocks, they own are not the future, then update their will. Give bitcoin to your charity, or family instead.

Bitcoin Stock-to-Flow Cross Asset Model (S2FX)”.
Looking at stock-to-flow, phase transitions, cluster analysis, silver and gold.

Wall Street Legend Bill Miller Reveals ‘Strong’ Bitcoin Recommendation Despite Massive Price

The bitcoin price fell to under $4,000 per bitcoin in March as the coronavirus pandemic sparked panic among investors but endorsements from high-profile investors and Wall Street giants helped bitcoin make a stunning rebound, hitting $15,000 per bitcoin last week.

https://www.forbes.com/sites/billybambrough/2020/11/09/wall-street-legend-bill-miller-strongly-recommends-bitcoin/

Stan Druckenmiller explaining why Bitcoin is the best asset

It’s been around for 13 years and has ……..

Michael Saylor @michael_saylor
Augmented by great technology partners, #Bitcoin is capable of collecting all the monetary energy in the world, storing it securely & perpetually without power loss, and channeling it efficiently to anyone or anything at the speed of light. Few understand this.

S2F creator has ‘no doubt’ #Bitcoin will hit $100K by December 2021

PlanB, the creator of the stock-to-flow model, has little doubt Bitcoin price is on track to hit $100,000 by December 2021

Why $100,000+ and why is it 2021?

The S2F model attempts to predict the long-term price trend of Bitcoin by evaluating its supply. Namely, it takes into consideration its fixed supply and the block reward halving, which reduces the rate at which new BTC is produced or “mined.”

https://cointelegraph.com/news/s2f-creator-has-no-doubt-bitcoin-will-hit-100k-by-december-2021