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Bitcoin News Alerts | Daily BTC News

920: KRAKEN’S DAN HELD SAYS BITCOIN SUPERCYCLE STILL IN PLAY - HERE’S WHY!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 6 May 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Kraken director of growth marketing Dan Held says the Bitcoin (BTC) supercycle theory that he first put forward in 2019 still holds water. According to Held, the theory advances the idea that a perfect storm such as mistrust in governments and institutions, will propel the mainstream adoption of Bitcoin and drive up the price of the leading crypto asset. “If we repeat 2013, we could see Bitcoin hitting between $300,000-$400,000 Bitcoin. Now. history usually rhymes, it doesn’t repeat itself, so it’s probably not going to be exactly that, but if it did, that would be my best price point. So my price point, I would say that I think it’s going to land probably between [$100,000 and $300,000]. But if we match 2013 again, it could be [$300,000 to $400,000].” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There are days when you're hungry for McDonald's.

0:03.8

Then there are days when you're Big Arch hungry for McDonald's.

0:08.1

You'll get to know the difference.

0:09.9

New Big Arch for Big McDonald's hunger.

0:15.4

Until 9th of September from 11 a.m.,

0:17.8

participating restaurants only subject to availability.

0:20.1

In today's show, someone is blowing up. Bitcoin sees 2022 volume record amid hopes that

0:25.4

capitulation is over. And as crypto analyst, me Calvin Day Pop shares here, the highest volume

0:29.9

candle on Bitcoin and one four-hour candle since December the third. Last time we saw this,

0:35.1

Bitcoin crashed from 56 to 42,000 and Bitcoin crash from 52,000, as well as the May 2021 crash. That smells like capitulation to me, or at least some serious signals overall. And as Crypto Chase shares here, regardless of what I ever say in the short term, macro continues to be down. There will be bounces, pops, squeezes,

0:54.9

short-term euphoria, you name it. But I don't think we see macro reversal before major capitulation

1:00.0

or fed backtracking their stance on rate hikes, quantitative tightening, and balance reduction.

1:05.2

Now, here's an interesting fact. There have been two days in the past 25 years with S&P 500 futures

1:10.2

were down 3%, and 10-year

1:12.2

Treasury futures down 1%.

1:14.1

That was October 9th of 2008 and March 18th of 2020.

1:18.3

Someone is blowing up, and this is forced liquidation.

1:21.3

Talking about forced liquidation, $165 million, and Bitcoin long positions were liquidated

1:26.5

yesterday, which is the highest in months.

1:29.2

And as shared here by Matthew Highland, below 37,200 is bearish. Bitcoin is below 37,200. And as

1:36.5

Lark Davis shares, inflation in Turkey is almost 70%. What the? Yeah, buy and hold Bitcoin,

1:42.8

all fiat is going to zero. And this just in breaking news,

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