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The Bitcoin price is not so far from reaching a $100,000 valuation, recalled Adam Back, founder of Blockstream. The BTC price broke $10,000 when it was not even expected to move above $1,000. Bitcoin (BTC) went on to revisit the $10,000 level with ease a few times. Over the years, the bitcoin price reached a peak near $20,000, reached within just weeks from lows around $3,500.
Adam Back recently shared the following Tweets on Crypto Twitter:
“It’s closer than it sounds as along the path of hyperbitcoinization, the USD inflation rises, eg aided by Modern Monetary Theory rationale for high inflation, so $1 becomes worth say 10c over a decade or two of monetary craziness, then $10mil/BTC is $1mil/BTC in today’s money.”
“And $100k Bitcoin doesn’t seem so far given we already crossed $10k threshold a few times when few expected even $1k some years back and $10k seemed crazy.”
In other Crypto news today, this simple observation suggests Bitcoin is about to go parabolic. Historical data suggests the BTC halving to boost prices pre-event. Cryptocurrency analyst Nunya Bizniz recently made an eerily bullish observation about Bitcoin. He noted that in the two previous market cycles of the BTC market, the cryptocurrency performed extremely well starting 120 days (four months) out from the cycles’ respective block reward reductions, known as “halvings” or “halvenings.”
In the four months prior to the first halving in 2012, the price of BTC rallied dozens of percent higher from $10 to around $14 by the time of the event; and in the four months prior to the second halving in 2016, the price of Bitcoin went effectively parabolic, running from $432 to $700.
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Show Notes / News Resources:
– https://bitcoinist.com/bitcoin-btc-price-usd-100000-not-so-far-away/
– https://www.newsbtc.com/2020/01/12/late-night-host-exposed-millions-bitcoin/
– https://www.newsbtc.com/2020/01/12/simple-observation-suggests-bitcoin-about-parabolic/
– https://twitter.com/adam3us/status/1215965188093952000
– https://twitter.com/Rhythmtrader/status/1215973800787021824
– https://twitter.com/Pladizow/status/1215657969284714496
DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency, especially when trading Crypto. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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You should put a picture of CSW on that hat
Thank you..bro..
Probably 2 years out.
Not happening. Not for at least a year
That's a dope Satoshi hat! I sell Bitcoin hats and stuff on my website too at Bitcloth.shop
cmon GO FOMO
You must be an idiot to believe that BTC will cost more than 15k
For the people gamers https://bc.game/i-gm5103q-n/
Basically, if countless you-tubers will repeat “bitcoin goes up” it eventually will as people are listening ????
Dirk Hess. Thanks for introducing me to btc. I have been making up to 7000usd monthly after my investment in btc just will 2500usd last month. Thanks lot dirk. He replies fast on his mail forums legionofgloomhackers At Gmail dot com
Soon 100.000 …you mean in 2023 i think … its getting longer after bear market…
Thank for the opportunity
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Would someone donate a little bit of BTC?
334Ad7WxjLPwdEU8eoVjzEvFLzBzmy6SUV
Smart. Sounds good. Lets keep our fingers crossed. Question though. Have you heard of KickEx? Sounds like a great place to ? your coins bro. https://ref.kickex.com/ffa40ae7e8b93e0be37d05bede398701
Adam Back… the guy who got tons of money from bankers, formed Blockstream with 1Meg Greg (Greg Maxwell) and literally completely screwed up BTC and turned it into useless Altcoin, is telling you BTC is going to $100K? HAHAHAHA… you people really are SHEEPLE, there is no hope for you 🙂
Finney
I want your hat! SATOSHI!!!
I have been buying every dip I can catch, dollar cost averaging. Clearly bullish here.
i appreciate your hard work on bringing us relevant news and a solid review of the fundamentals. After experiencing a bout of downwards pressure that had erased many of the gains that Bitcoin and the aggregated crypto markets had incurred as of late, BTC’s bulls once again came out swinging and propelled the cryptocurrency significantly higher. Bobby Lee, CEO of China’s first exchange- BTCC said now is the best time to trade what we’re holding an earn more profit as the bull run, After loosing so much on crypto last year I took a break off the market to look for a working strategies to regain back my loss, a week ago I was reading some insight on a group I joined on telegram to get crypto insights and tips, I took notice of some traders thanking an expert trader name Frank Cole, for showing them how to earn 4BTC weekly trading with 1BTC, so I was so inspired to send him a private message. I’m glad to say I made my profit and also regain my lost trading with frank’s shareware. I advice those who are trying to recover their lost or the newbies on crypto to join frank cole’s telegram group : @franktrading99 Mail : (franktrading99@gmail. com ) For 100% ways on how to earn profit
2016 = 2020 and 2021; 2017 = 2022 IMO; lengthening cycles
I dont believe any predictions , its getting ridiculous every week it's something
If bitcoin hits 100k… xrp should at least be 20 bucks that’s moon baby !!!
I like the nickname Ms. Litecoin. What would you call Bitcoin, and XRP, and Ethereum?
By and large, people are constantly surprised by how much btc is valued from time to time and this element of surprise will go on for many more yrs to come
1st