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Huh! ETH is going to $20K? 😱
Well-known hedge fund manager Anthony Scaramucci discussed his views on Bitcoin going forward, why he likes the token and a potential price target during an interview on CNBC.
In the interview, Scaramucci said that he likes Bitcoin from a technical point of view.
"It's decentralized in a way that makes it very powerful. The network itself is scaling," he said. "If you think about the way we treat money in our society over the last 5,000 years, Bitcoin checks all of the boxes. The only box it doesn't check is central bank manipulation, which I think makes it way more powerful."
Scaramucci is an advocate for the technology behind Bitcoin, which has not yet been adopted by enough people to fully realize its potential.
Scaramucci noted that Bitcoin is still relatively young, and he believes there is still strong upside potential in the future if you can stomach the ups and downs for several years or more.
Scaramucci said that he and his team believe that Bitcoin can surpass the market capitalization of gold. The total amount of above-ground gold reserves is valued at around $16 trillion. So, if Scaramucci is correct and Bitcoin reaches a market cap of $16 trillion, a single BTC could be worth more than $800,000. This is an increase of over 1,100%.
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In the interview, Scaramucci said that he likes Bitcoin from a technical point of view.
"It's decentralized in a way that makes it very powerful. The network itself is scaling," he said. "If you think about the way we treat money in our society over the last 5,000 years, Bitcoin checks all of the boxes. The only box it doesn't check is central bank manipulation, which I think makes it way more powerful."
Scaramucci is an advocate for the technology behind Bitcoin, which has not yet been adopted by enough people to fully realize its potential.
Scaramucci noted that Bitcoin is still relatively young, and he believes there is still strong upside potential in the future if you can stomach the ups and downs for several years or more.
Scaramucci said that he and his team believe that Bitcoin can surpass the market capitalization of gold. The total amount of above-ground gold reserves is valued at around $16 trillion. So, if Scaramucci is correct and Bitcoin reaches a market cap of $16 trillion, a single BTC could be worth more than $800,000. This is an increase of over 1,100%.
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Happy Halving Day, Bitcoiners!
In 10 hours Bitcoin becomes the hardest money the world has ever known.
The next 12 months are going to be wild 😈
$BTC
In 10 hours Bitcoin becomes the hardest money the world has ever known.
The next 12 months are going to be wild 😈
$BTC
Looks like bulls are stepping in to defend $61k once more.
But if Bitcoin's daily candle closes below this level, then the probabilities of hitting lower targets continue to increase.
Bitcoin is experiencing normal correction as it always did every halving month in preparation for cycle top.
Currently, it is displaying the kind of Wyckoff re-accumulation range it did in Dec 2023 that led to $73k in 2024.
There are piles of long liquidation pools of about $2.2B at $57k which smart money needs to clear and at the same time re-accumulate for a post-halving rally.
Historically, pre-halving correction tends to be a big opportunity for accumulation which usually brings about huge returns:
📍 2012 halving: 10,000% profit
📍 2016 halving: 3,000% profit
📍 2020 halving: 700% profit
Follow me for more updates 💻
But if Bitcoin's daily candle closes below this level, then the probabilities of hitting lower targets continue to increase.
Bitcoin is experiencing normal correction as it always did every halving month in preparation for cycle top.
Currently, it is displaying the kind of Wyckoff re-accumulation range it did in Dec 2023 that led to $73k in 2024.
There are piles of long liquidation pools of about $2.2B at $57k which smart money needs to clear and at the same time re-accumulate for a post-halving rally.
Historically, pre-halving correction tends to be a big opportunity for accumulation which usually brings about huge returns:
📍 2012 halving: 10,000% profit
📍 2016 halving: 3,000% profit
📍 2020 halving: 700% profit
Follow me for more updates 💻
Every day, we receive numerous messages filled with questions about altcoins. I understand your worries, so this post is addressed to you 👇
While some may perceive this as the end of the bull market, we view it as nothing more than a retest of the A-Wave ✅
Interestingly, this pattern has occurred in all previous cycles before the market entered a parabolic phase.
In my opinion, we're on the brink of experiencing the most exhilarating wave in the past 3-4 years.
Altcoins are currently on sale at a discount and you should see this as an opportunity.
What coins are you loading up on now? ✍️
While some may perceive this as the end of the bull market, we view it as nothing more than a retest of the A-Wave ✅
Interestingly, this pattern has occurred in all previous cycles before the market entered a parabolic phase.
In my opinion, we're on the brink of experiencing the most exhilarating wave in the past 3-4 years.
Altcoins are currently on sale at a discount and you should see this as an opportunity.
What coins are you loading up on now? ✍️
*BREAKING: 🇭🇰 Hong Kong approves spot Bitcoin & Ethereum ETF application*
Hong Kong has approved spot Bitcoin (BTC) and Ethereum (ETH) ETF (Exchange Traded Fund) applications. The region is the second to do so in 2024, following the SEC’s (Securities and Exchange Commission) historic decision to approve 11 spot BTC ETFs in the US. However, although the US has approved 11 spot Bitcoin ETFs, the country has yet to greenlight an Ethereum ETF. According to some analysts, a spot ETH ETF could be approved in the US later this year.
Follow for more updates
Hong Kong has approved spot Bitcoin (BTC) and Ethereum (ETH) ETF (Exchange Traded Fund) applications. The region is the second to do so in 2024, following the SEC’s (Securities and Exchange Commission) historic decision to approve 11 spot BTC ETFs in the US. However, although the US has approved 11 spot Bitcoin ETFs, the country has yet to greenlight an Ethereum ETF. According to some analysts, a spot ETH ETF could be approved in the US later this year.
Follow for more updates
Bitcoin’s inflation rate will become lower than gold’s post-halving 🤯
The Bitcoin halving on 4/20 is approaching fast and Asia is coming to the Bitcoin party.
🇭🇰 - Hong Kong approving Bitcoin ETFs
🇰🇷 - South Korea will approve Bitcoin ETFs
🇨🇳 - Chinese fund managers launching Bitcoin ETFs
This bull market is just getting started. Buy the dips.
The Bitcoin halving on 4/20 is approaching fast and Asia is coming to the Bitcoin party.
🇭🇰 - Hong Kong approving Bitcoin ETFs
🇰🇷 - South Korea will approve Bitcoin ETFs
🇨🇳 - Chinese fund managers launching Bitcoin ETFs
This bull market is just getting started. Buy the dips.
💰 #Bitcoin Rainbow Channel 🌈
What is a Rainbow?
- The Rainbow price chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin
🔥Warm Colors reflect the latest market phases (sell off territory)
❄️Cool Colors reflect the early market phases (accumulation territory)
Here is an interesting part Despite of the rise up to above $70k We are not even in 'Warm Colors' territory - it's still good levels for accumulating if we talk above Hodl strategy!
Where it's worth to sell?
Optimistic Levels
🟠Lighter Orange Zone $180k - $250k
🟠Darker Orange Zone $250k - $350k
Conservative Levels
🟡Yellow Zone - $140k - $180k
I do not consider 🔴Red Zone as it's a less likely option!
Do not forget that halving is approx. in 11 Days and it's the last chance before we take off🚀
#$BTC
What is a Rainbow?
- The Rainbow price chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin
🔥Warm Colors reflect the latest market phases (sell off territory)
❄️Cool Colors reflect the early market phases (accumulation territory)
Here is an interesting part Despite of the rise up to above $70k We are not even in 'Warm Colors' territory - it's still good levels for accumulating if we talk above Hodl strategy!
Where it's worth to sell?
Optimistic Levels
🟠Lighter Orange Zone $180k - $250k
🟠Darker Orange Zone $250k - $350k
Conservative Levels
🟡Yellow Zone - $140k - $180k
I do not consider 🔴Red Zone as it's a less likely option!
Do not forget that halving is approx. in 11 Days and it's the last chance before we take off🚀
#$BTC
#RWA Extended
Here are 🏆TOP 10 Solid Projects to HODL
+ Monthly Timeframes
The Sector is still below $10bln Market Cap and is expected to be one of the Major Performers in the Bull Run. So grab #RWAs coins and hodl🚀
1. #Mantra $OM | MC $562mln
2. #Realio $RIO | FDV $140mln
#RIO - Rounding Bottom Accumulation or Potential C&H
3. #DuskNetwork $DUSK | MC $248mln
#DUSK - Ascending Triangle Accumulation
4. #OndoFinance $ONDO | MC $1.3bln
#ONDO - Three White Soldiers bullish candlestick pattern, price is still below 1$
5. #LTONetwork $LTO | MC $114mln
#LTO - Broke out of Falling Wedge accumulation + there is a bigger accumulation range below 1$
6. #Creditcoin $CTC | MC $302mln
#CTC - breakout of iH&S formation + bigger accumulation in the form of Rounding Bottom
7. #Opulous $OPUL | MC $123mln
#OPUL - breakout of W-Bottom accumulation, 2 Digits is imminent for this coin
8. #Polymesh $POLYX | MC $604mln
#POLYX - breakout of smaller accumulation range, looking for a bigger accumulation to form and Full Send
9. #Centrifuge $CFG | MC $483mln
#CFG - accumulating below 1.8$
10. #HIFIFinance $HIFI | MC $142mln
#HIFI - broke out of Rounding Bottom, but still inside the accumulation range, it's a cheap coin while at single digit
The Plan is to sell our coins at the Market Top to institutions and become institutions ourselves🤵♂️
Follow me for more insight about the upcoming bill run 🚀
Here are 🏆TOP 10 Solid Projects to HODL
+ Monthly Timeframes
The Sector is still below $10bln Market Cap and is expected to be one of the Major Performers in the Bull Run. So grab #RWAs coins and hodl🚀
1. #Mantra $OM | MC $562mln
2. #Realio $RIO | FDV $140mln
#RIO - Rounding Bottom Accumulation or Potential C&H
3. #DuskNetwork $DUSK | MC $248mln
#DUSK - Ascending Triangle Accumulation
4. #OndoFinance $ONDO | MC $1.3bln
#ONDO - Three White Soldiers bullish candlestick pattern, price is still below 1$
5. #LTONetwork $LTO | MC $114mln
#LTO - Broke out of Falling Wedge accumulation + there is a bigger accumulation range below 1$
6. #Creditcoin $CTC | MC $302mln
#CTC - breakout of iH&S formation + bigger accumulation in the form of Rounding Bottom
7. #Opulous $OPUL | MC $123mln
#OPUL - breakout of W-Bottom accumulation, 2 Digits is imminent for this coin
8. #Polymesh $POLYX | MC $604mln
#POLYX - breakout of smaller accumulation range, looking for a bigger accumulation to form and Full Send
9. #Centrifuge $CFG | MC $483mln
#CFG - accumulating below 1.8$
10. #HIFIFinance $HIFI | MC $142mln
#HIFI - broke out of Rounding Bottom, but still inside the accumulation range, it's a cheap coin while at single digit
The Plan is to sell our coins at the Market Top to institutions and become institutions ourselves🤵♂️
Follow me for more insight about the upcoming bill run 🚀
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