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Bitcoin News Alerts | Daily BTC News

1043: BITCOIN IS ON TARGET TO HIT $2.11 MILLION PER BTC BY THIS DATE!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 10 September 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

By carrying out a rudimentary extrapolation of Bitcoin price movements of the previous four year halving cycles, the king crypto (BTC) is on a run rate to hit $2.11 million by January 2030. Using the extrapolation from January 2017 to an extrapolated May 2024 projected price of $108,000 and incorporating a 1-year price increase of 413% between May 2024 and May 2025, BTC could hit $446,000. Incorporating the estimated 413% increase between May 2028 and May 2029, BTC would be on target to hit $2.08 million by May 2029, giving BTC a January 2030 value of $2.11 million. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, Bitcoin nears 21,700 as Wells boosts. Bitcoin almost perfectly. In today's show,

0:06.4

I'll be breaking down the latest technical analysis, including whale map. Whale support at 19,000 worked

0:11.6

almost perfectly to the upside. 21,500 is not the closest resistance, according to Wales.

0:17.9

Including crypto analysts, Mikhail Vinday Pop, Bitcoin is still resting at resistance and probably consolidating here.

0:23.7

I'd like to see high getting sweat and then a consolidation.

0:26.8

What happens in between probably will see altcoins firing off heavily and quoting Phoenix.

0:32.7

If Bitcoin holds 20,700, then I think we'll run this to $23,000 later. And Plan B updates its stock the flow

0:39.5

model, one certainty in my opinion, one day will be read again. According to Max Geiser,

0:45.3

America is driving 350 miles per hour into Bitcoin's impenetrable wall of encryption. Good luck

0:50.9

with that. Also in today's show, micro strategy to reinvest $500 million stock sales into Bitcoin, according to their latest SEC filing. Quoting them here, we intend to use the net proceeds from the sale of any Class A common stock offered under this prospectus for general corporate purposes, including the acquisition of Bitcoin, unless otherwise indicated

1:12.2

in the applicable prospectus supplement. And as shared here, Microstrategy Raisin, up to 500 million

1:18.2

to buy more Bitcoin, probably nothing. Also in today's show, Ethereum ready for the merge,

1:23.2

as Last Shadow Fork completes successfully, as they share here, transition in Main Net Shadow Fork 13.

1:29.5

The Last Shadow Fork before the merge was successful for all Nethermind nodes.

1:34.4

Also in today's show, FTX Ventures buys 30% stake in Skaramucci's Skybridge Capital.

1:40.1

Also in today's show, Bitcoin Well Activity is sending a bullish signal for the King Crypto, says the Vera Group CEO Nigel Green and explains why.

1:48.5

Quoting him here, despite the recent turbulence, I believe that to trajectory, a Bitcoin and other major cryptos is upwards.

1:54.8

This is why I view the current dip as a discount.

1:57.3

Also be sharing with you this conservative $1 million Bitcoin price prediction. That's right,

2:02.6

incorporating the estimated 413% increase between May 2028 and May 2029, Bitcoin would be on

2:09.4

target to hit $2.08 million by May 2029, given Bitcoin a January 2030 value of $2.11 million per BTC.

2:19.3

We'll also be taking a look at the overall crypto market.

...

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