Bitcoin News Alerts | Daily BTC News

As the Bitcoin and crypto market continues breaking out after news of the recent Fed rate hike, Shark Tank billionaire investor Mark Cuban is deeply concerned about how the impending wave of regulation will affect the cryptocurrency space. “Think this is bad? Wait till you see what they come up with for registration of tokens. That’s the nightmare that’s waiting for the crypto industry. How else do you keep thousands of lawyers employed and create reasons to ask for more taxpayer money?” Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin can still rise to seven figures within five years, PlanB claims, calling for crypto investors to ignore short-term "noise." The quant BTC analyst, at the same time, predicted on the day, U.S. equities would reach new heights never seen before. “Some of you are afraid of macro and the link between bitcoin and stock markets etc. IMO the next ~5 years S&P500 will be in the $5K-$6K range and bitcoin in the $100K-$1M range. Short term is noise, long term is signal.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Quant analyst PlanB, creator of the infamous Bitcoin Stock-to-Flow model updated his price forecast for the king crypto (BTC) predicting Bitcoin ranging between $100,000 - $1,000,000 in the next 5 years: “Some of you are afraid of macro and the link between bitcoin and stock markets etc. IMO the next ~5 years S&P500 will be in the $5K-$6K range and bitcoin in the $100K-$1M range. Short term is noise, long term is signal.” - PlanB Learn more about your ad choices. Visit megaphone.fm/adchoices

Based on previous Bitcoin halving cycles, the king crypto (BTC) has surged by an average of 3,158% in the one year after each halving event. By removing the 2012 anomaly, the average increase is 412.5%. Using the extrapolation from January 2017 to an extrapolated May 2024 projected Bitcoin 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

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Virgin Galactic Chairman and Billionaire venture capitalist Chamath Palihapitiya who predicted Bitcoin hitting $1,000,000 per BTC is warning that the global economy appears on track to witness two phases of recession. In a recent interview on the All-In Podcast, the Crypto O.G. says the world is currently experiencing a supply-side recession, which he notes is the first part of the process. “We have been in a supply-side recession. That is what has caused inflation. We have to go through a process of taking all the excess money, that’s been put in, out. And when you do that, we will destroy demand and then that’ll trigger a demand-side recession… and we will destroy asset values… I think we’re still firmly in that first phase, and I hate to be the bearer of bad news, but the reason why I still think we’re in the first part of this process is because people, broadly speaking, still have a lot of savings because of all the stimulus checks. There is still a lot of money.” Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if. The most extreme crypto skeptics say Bitcoin will tank to as low as $10,000 in 2022, but a middle ground might be to say the cryptocurrency can still climb to $100,000 like many experts predicted late last year - just on a slower timeline. “What I expect from Bitcoin is volatility [in the] short-term and growth [in the] long-term,” says Kiana Danial, founder of Invest Diva and author of “Cryptocurrency Investing For Dummies.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Zooming out, one Bitcoin price indicator led top crypto analyst TechDev to believe that BTC/USD would see a new all-time high before its next block subsidy halving in 2024. TechDev flagged the True Strength Index (TSI) for Bitcoin, a metric that uses several base calculations to determine how overbought or oversold the asset is at a particular price. "As such, I expect: - Intermediate wave 5 top at 80-120K in 2023 - Primary wave 4 down to 30-50K in 2024 - Primary wave 5 over 200K in 2025 to conclude cycle wave 3" Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin is still on track to hit $500,000 over the next five years, according to billionaire crypto investor Mike Novogratz. He also admitted he was “wrong” about the extent of the leverage in the industry. Novogratz, the founder and CEO of Galaxy Digital Holdings Ltd, told Bloomberg at a summit on July 19 that demand for the cryptocurrency would be driven by higher rates of adoption and global economics. “It’s not like diving with two feet right now because institutions are a little bit more cautious. But once we get balance, once we get equilibrium and start a new narrative they’ll come back. When I look at the global landscape, I just don’t see how fiscal prudence gets put back into a box.” Learn more about your ad choices. Visit megaphone.fm/adchoices

A new report from Kraken Intelligence uses the Bitcoin 200-week moving average as a crystal ball, to project the future price of the king crypto. Specifically, Kraken looks at the multiples that BTC has traded at relative to its 200-week moving average in the past. If Bitcoin once again climbs to a 10x to 15x multiple of its 200-week moving average, which Kraken analysts say is in the historical range, this would imply a future price range of $214,985 to $322,478. Learn more about your ad choices. Visit megaphone.fm/adchoices