Bitcoin News Alerts | Daily BTC Macro Signal

Billionaire venture capitalist and world renowned crypto investor Tim Draper in June, 2021 doubled down on his Bitcoin $250K forecast. During an interview a year later in June 2022, Draper told Scott Melker, aka the Wolf of All Streets, that "by the end of this year or early next year" BTC would hit his $250K target. Amid the bear market this year and speaking at the Web Summit 2022 conference, Draper said bitcoin is essentially protection "against bad governance." While the $250K prediction still rings true with Draper today, he's added a six month extension to his forecast. Draper said: "By mid-2023 - I'm expecting to see bitcoin hit $250,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

The American venture capitalist and billionaire investor, Tim Draper, is still confident in his Bitcoin prediction that says the crypto asset will tap $250K per BTC. Draper said in April 2018, at the Draper University blockchain party, that he predicted: "$250K by 2022." At this year's Web Summit 2022 event, Draper said he "extended" his forecast "by six months," as he now predicts Bitcoin will tap that price range "by mid-2023." Learn more about your ad choices. Visit megaphone.fm/adchoices

The founder and CEO of investment management firm ARK Invest, Cathie Wood, is doubling down on her fiercely bullish forecast for Bitcoin (BTC). Asked in a new Bloomberg interview whether ARK Invest is still "holding on to the $1 million forecast," Wood answers in the affirmative. According to Wood, the king crypto (Bitcoin) could go above $1 million by 2030, an increase of over 4,600% from the current BTC price. "Oh yes. More than $1 million… by 2030." Learn more about your ad choices. Visit megaphone.fm/adchoices

The entertainment industry is growing bullish about the Bitcoin story expecting the BTC price to trade above $1 million in the future. Zac Efron's latest movie "Gold" released earlier this year shows a scene from the future where Bitcoin is trading at a price of $1.25 million per coin. It seems that the entertainment industry is quite captivated by the Bitcoin story and bullish for its future. Of course, no one knows the future. However, the fact that filmmakers have started talking about the king crypto (BTC) shows how widespread is the Bitcoin craze. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a new Google Tech Talks interview, macro expert Raoul Pal says that the crypto market cap of about $1 trillion could explode to $300 trillion in just a decade. If Bitcoin price were to 300x from today's value that would equate to $6,000,000 per BTC and put Ethereum at about $450,000 per ETH. Learn more about your ad choices. Visit megaphone.fm/adchoices

The popular crypto analyst and host of the InvestAnswers YouTube channel says that Bitcoin could easily go on a 3x rally before the next BTC halving event. In a new strategy session, the analyst tells his 444,000 YouTube subscribers that strong BTC rallies usually precede Bitcoin's halvings, an event when miners' block rewards are cut in half and therefore crunching future supply. According to the analyst, historical precedence based on the halving dates places Bitcoin around the $63,000 level by March of 2024, which would be more than a 200% gain from current prices. Learn more about your ad choices. Visit megaphone.fm/adchoices

Back in April, legendary investor Cathie Wood of Ark Invest turned heads in the crypto world with a breathtaking Bitcoin price prediction of $1 million per BTC. That, of course, was before the market meltdown. Now, six months later, Ark Invest has reiterated its $1 million price target for Bitcoin. After running the numbers, the investment firm concluded that the three basic use cases for BTC support a future market capitalization of $28 trillion, or more than $1 million per Bitcoin. Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst TechDev_52 on Twitter shared a macro Bitcoin Elliot Wave Theory chart which suggest the king cryptocurrency (BTC) surpassing 6-figures in 2023 and hitting a whopping price range between $300K - $450K in 2025. "Remains primary macro Bitcoin idea, supported by weekly OBV. Cycle Wave 3 consistently 3X longer than Wave 1. Primary 3 of Cycle 3: 100-120K 2023 Primary 4 of Cycle 3: 25-45K 2024 Primary 5 of Cycle 3: 300-450K 2025 Guides trading plan and invalidation." Learn more about your ad choices. Visit megaphone.fm/adchoices

Costa Rica could be one of the next countries to adopt Bitcoin (BTC) as a regulated payment method. This week, Congresswoman Johana Obando introduced a bill to allow Bitcoin and other cryptocurrencies to serve as a form of payment. The bill also proposes that traditional banking institutions be able to serve as crypto exchanges, including custody and wallet services for their customers. "The cryptocurrency assets market is very new. This bill wants to propose Costa Rica as an investment center for crypto-related people and companies to see Costa Rica as a growth niche." Learn more about your ad choices. Visit megaphone.fm/adchoices

Macro expert and former Goldman Sachs executive Raoul Pal is predicting an unprecedented pace of growth in the market cap for Bitcoin (BTC), Crypto and Web3 projects. In a new Google Tech Talks interview, cryptocurrency expert Pal says that crypto's market cap of about $1 trillion could explode to $300 trillion in just a decade. Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto exchange Kraken's Bitcoin forecast is based on how high the BTC price has traded above its 200-week moving average in previous bull runs. According to Kraken's analysts, Bitcoin price has historically surged 10x to 15x after touching its 200-week moving average. This implies a future BTC price range of $237,894 to $356,841 for the king cryptocurrency. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin will break out significantly" in the next month, with an upside target of $30,000. That was the latest BTC prediction from top crypto analyst Michaël van de Poppe, founder and CEO of trading firm Eight. "Within 2-3 weeks, Bitcoin will break out significantly. My take is the upside. My guess is probably $30K." Learn more about your ad choices. Visit megaphone.fm/adchoices

Back in April, legendary investor Cathie Wood of Ark Invest turned heads in the crypto world with a breathtaking Bitcoin price prediction of $1 million per BTC. That, of course, was before the market meltdown. Now, six months later, Ark Invest has reiterated its $1 million price target for the king cryptocurrency. After running the numbers, the investment firm concluded that the three basic use cases for BTC support a future market capitalization of $28 trillion, or more than $1 million per Bitcoin. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin will top $100,000 next year but a record-breaking bear market will follow, a popular crypto trader believes. In a Twitter discussion on Oct. 22, Credible Crypto endorsed a theory that the next BTC halving will also see macro lows of just $10,000. "Agreed, probably in 2025 methinks. First, new ATH in 2023- blow-off top 5th wave above 100k- followed by the largest bear market we have seen yet that is worse than the current one in both time and price- taking us to the 10-14k that everyone is waiting for now." Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto analyst 'Decodejar' shared an Elliot Wave Theory Bitcoin chart which suggest in Wave 4 that the BTC price will first have a blow off top reaching about $145,000, followed by a 75% correction down to about $35,000, before exploding to $350,000+ per coin by the end of 2025. "Bitcoin Wave 4 count. First, blow off top to ~145k, before 75% correction to ~35k, then greater than 350k by the end of 2025." Learn more about your ad choices. Visit megaphone.fm/adchoices

The Australian financial services company – Finder – conducted two surveys among its high-profile crypto specialists to determine their expectations of the Bitcoin future price. The experts predicted that the king crypto (BTC) will trade at approximately $21,300 by the end of the year. They are quite bullish on the long-term valuation, expecting Bitcoin to surge to nearly $80,000 by 2025 and around $270,000 by 2030. Learn more about your ad choices. Visit megaphone.fm/adchoices

Experienced crypto trader and analyst Tone Vays is predicting that Bitcoin (BTC) will hit a six-figure price in 2023. In a Kitco News interview, the veteran crypto trader says that Bitcoin's next halving cycle will trigger a bull run next year. Vays says that he will be "surprised" if Bitcoin doesn't reach six-figure prices in the coming months. Learn more about your ad choices. Visit megaphone.fm/adchoices

A senior Bloomberg crypto analyst says that Bitcoin (BTC) skyrocketing to a six figure price tag is only a matter of time. In a new interview with Daniela Cambone of Stansberry Research, Bloomberg commodity strategist Mike McGlone says that Bitcoin's price will eventually see a massive spike to $100,000 due to a combination of increased adoption and limited supply. "So Bitcoin, I think it's [only] a matter of time [until] it appreciates towards that $100,000 level. And at some point, it's going to just slip in and kick into that bull market – maybe at the same time gold and treasury bonds do in terms of price." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin is on track to hit a massive $2 million per coin within six years, asset management guru Lawrence "Larry" Lepard believes. In his latest appearance on the Quoth the Raven podcast Oct. 16, Lepard said that the king crypto (BTC) could "easily" deliver 100X returns from current prices. "Bitcoin could go to zero but I personally believe Bitcoin's going to go up 100X." Learn more about your ad choices. Visit megaphone.fm/adchoices

Comparing the Bitcoin price actions prior to the midterm elections of 2018 with those of 2022 shows a strikingly similar crypto bear market trend. Independent market analyst Aditya Siddhartha Roy thinks the BTC price will fall into the $12,000-$14,000 range if a similar breakdown occurs. He further notes that the king cryptocurrency (Bitcoin) could bottom out in November or December 2022, just like in 2018. Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely followed on-chain analyst says Bitcoin is currently on pace to hit one billion unique users in the coming years. Willy Woo tells his one million Twitter followers that 12% of the world's population will be using the king crypto (BTC) in the next 36 months. "Bitcoin took six months to get 1,000 users; five years to find one million users. Today, 13.8 years from inception, it has 300 million+ users, 4% of the world. At current growth rates, one billion users will be hit in the next three years. To clarify, these are unique users, not addresses." Learn more about your ad choices. Visit megaphone.fm/adchoices

The Bitcoin Rainbow Chart indicates that the BTC price may have bottomed out. According to the chart, if Bitcoin price follows the long-term ongoing pattern, the king crypto (BTC) could reach the 'Maximum Bubble Zone' represented by dark red which shows the Bitcoin price could reach $626,383 by October 9, 2024. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's breaking Bitcoin News, conservative influencer and political commentator, Candace Owens shared a letter on Twitter that shows JPMorgan Chase allegedly closed the bank account of Kanye West (also known as Ye). As far back as 2020 on the Joe Rogan podcast, Kanye West revealed the 'True Liberation Of America' could be Bitcoin and after this recent bank cancelation it couldn't be anymore obvious that the king crypto (BTC) really is the answer. "Earlier today I learned that [Kanye West] was officially kicked out of JP Morgan Chase bank," Owens tweeted on Wednesday. "I was told there was no official reason given, but they sent this letter as well to confirm that he has until late November to find another place for the Yeezy empire to bank." Learn more about your ad choices. Visit megaphone.fm/adchoices

Ark Investment Management analyst Yassine Elmandjra is standing by his firm's prediction that the Bitcoin price will shoot past the million-dollar mark, despite this year's massive crypto sell-off in the digital currency. Cathie Wood, the fund manager behind Ark's flagship innovation-themed ETFs, forecast earlier this year that the world's largest cryptocurrency (BTC) would top $1 million per coin by 2030. Yet, coin holders and miners have been selling off Bitcoin en masse in 2022 as the Federal Reserve continues to aggressively tighten monetary policy, driving investors away from riskier asset classes, such as crypto. Learn more about your ad choices. Visit megaphone.fm/adchoices

Morgan Creek Capital CEO Mark Yusko remains confident that the Bitcoin price is still going to reach $250,000 (as he has predicted several times in the past): "I absolutely positively believe that Bitcoin is digital gold… I think it is a better form of value storage. I absolutely believe that. Gold – $10 trillion above ground. Half of it [is] in jewelry and chalices – that doesn't count. The monetary value of gold [is] about $5 trillion. So $5 trillion from [BTC's market cap of] $400 billion today, that's [a] 10x. [A] 10x from here at $20,000 is $200,000. Round it, my numbers are off a little bit, to that $250,000 number. Seems easy to me to get to $250,000 because you got a few lost or stolen coins. No problem... Every halving we had a zero – first halving was $10, second halving was $100, third halving was a $1,000 [and] fourth halving was $10,000, so that means that next halving is $100,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto analyst known for calling the Bitcoin May 2021 collapse thinks BTC is en route to 40x gains over the long term. The pseudonymous analyst known as Dave the Wave tells his 127,500 Twitter followers that if Bitcoin matches gold's market cap in the future, that will equal a surge of about 40x. "How about a Bitcoin 40x? Beats a 10x buy. Over a 20 year period, works out to 17% compounded." Learn more about your ad choices. Visit megaphone.fm/adchoices

Hustlers University founder Andrew Tate reveals flipping a $600,000 Bitcoin investment back in March 2020 when BTC was trading at around $5,000 into $12,000,000 profit. In a Tate Confidential Tatespeech, Andrew Tate also explains why he rallies behind the king crypto (Bitcoin) and explains why fiat money is trash. Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto analyst, anonymously known as Credible, informs his 338,500 followers over Twitter that Bitcoin will soon see an end to the bear market and begin a bull rally targeting a six-digit BTC price level. As per the analyst, Bitcoin has not yet dropped towards $14,000, confirming the currency's move towards the fifth wave targeting $100,000. "I am expecting at least 100k, not 300k+, likely somewhere around 150k-ish." Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto trader and analyst is predicting Bitcoin will see a major impulse breakout of the BTC price within months. His chart shows an arrow reaching toward $31,000. The pseudonymous trader Kaleo tells his 535,700 Twitter followers he expects BTC to experience a step toward a higher accumulation range, topping out at $25,000, followed by a larger breakout. Since July, he notes the king cryptocurrency price has fluctuated around the same range for the past three months. Learn more about your ad choices. Visit megaphone.fm/adchoices

Robert Breedlove, the founder of crypto investment firm Parallax Digital has suggested that Bitcoin (BTC) stands a big chance of recording a significant spike in future mainly driven by a drop in the purchasing power of the dollar. According to Breedlove, his model places Bitcoin to trade at $12.5 million by 2031, a value equivalent to $1 million based on today's purchasing power, he said during an appearance on Altcoin Daily podcast on September 13. Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular on-chain Bitcoin analyst claims the current crypto bear market hasn't yet sent as many BTC underwater as previous cryptocurrency bear markets. BTC analyst Willy Woo notes that showing how many Bitcoin are at a lower value compared to their purchase price is "one way of visualizing maximum pain." Woo's chart indicates that Bitcoin's 60% underwater level is currently hovering around $10,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Saylor, the chairman and cofounder of software company turned Bitcoin acquisition vehicle MicroStrategy, has predicted the value of the king crypto (BTC) will overtake gold within ten years - potentially giving Bitcoin a $500,000 price and a market capitalization of $10 trillion. "The next logical stop for bitcoin is to replace gold as a non-sovereign store of value asset," Saylor told MarketWatch this week, adding gold is a $10 trillion asset. "Bitcoin is digital gold, it's 100-times better than gold and if bitcoin goes to the value of gold it goes to $500,000 per bitcoin." Learn more about your ad choices. Visit megaphone.fm/adchoices

The creator of the Bitcoin Stock-to-Flow (S2F) model – PlanB – admitted that recently he made his third BTC investment. At the time of the purchase, the primary crypto was hovering around $20,000. Due to its significant price depreciation compared to the all-time high of $69,000 in November 2021, many people proclaimed Bitcoin dead in the past several months. However, PlanB revealed that each of his crypto investments was at a time when pessimism was reigning. "My first bitcoin investment was in 2015 at ~$400 (yellow circle). Most people said bitcoin was dead. My 2nd investment was in 2018 at ~$4000 when I published the S2F model. Most people said bitcoin was dead. My 3rd investment is now at ~$20,000. Most people say bitcoin is dead." Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto analyst has predicted that Bitcoin is on a bullish path to reach six figures in 2023. Known pseudonymously as Credible, the analyst made the BTC prediction on his Twitter handle while addressing his over 300k followers. "Momentum. Which is why estimates must be within a range- it can vary. I am expecting at least 100k, not 300k+, likely somewhere around 150k-ish. But will know more as PA develops and the move actually starts." Learn more about your ad choices. Visit megaphone.fm/adchoices

A crypto price model for Bitcoin coined DPC (Dynamic Power Cycle) has been updated showing the next projected cycle peak of $350,000 per BTC occurring on October 13th, 2025. "Bitcoin DPC price model - Quarterly update (Oct 2, 2022) - Current projection: $22K ($13-39K) - Projected cycle trough (Oct 3, 2022): $22K ($12-38K) - Projected cycle finish (Apr 25, 2024): $83K ($48-150K) - Next projected cycle peak (Oct 13, 2025): $200K ($110-350K)" Learn more about your ad choices. Visit megaphone.fm/adchoices

According to the crypto host of InvestAnswers, Bitcoin could hit up to $26,000 over the next four weeks based on the average return for October. "If Bitcoin can hold in and around its level, it'll be better than previously… Looking forward to October, the average return for October is 28.42%, which would take the Bitcoin price up to about $25,000 – $26,000. So, we'll see if it goes there. Twenty-five thousand dollars is where we were not too long ago, and we could easily get back to that level." In other trending Crypto news today: XRP jumps 20% in a matter of hours amid SEC's latest setback in Ripple lawsuit while the Simpsons predict XRP price to skyrocket to $589 EOY. Learn more about your ad choices. Visit megaphone.fm/adchoices

A former hedge fund manager says that Bitcoin could be worth well into the millions of dollars by the year 2031. According to Robert Breedlove, the deterioration of the US dollar (USD) will be the key factor in the king crypto (BTC) price explosion. "I have a public prediction that the US dollar is basically hyperinflated to zero, or close to it, by the year 2035… I'm going to stand by that prediction today. I know the DXY [US dollar index] is way up recently but I sort of expect this thing to get volatile before it breaks down. If that is the case, then I have a matching Bitcoin price prediction of $12.5 million US per Bitcoin by the year 2031." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin bull Max Keiser is predicting the king crypto (BTC) to 20x in price to $400K per coin, and says $220K in 2022 still in play and can happen in a flash, driven by the "Bondpocalypse". "As the global band market melts down all it would take is for 7 - 8% of that fleeing bond money to flow into #Bitcoin to 20x BTC TO $400,000. $220,000 in 2022 still in play, driven by the BONDPOCALYPSE. Bitcoin is decoupling. The move to $220,000 can happen in a flash." Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst InvestAnswers thinks Bitcoin could be worth millions of dollars per BTC within eight years under the assumption that people will continue to flock to the leading cryptocurrency asset. "Not hopium, just math, and we do expect it to slow down, but the key takeaway here is if Metcalfe's Law holds, the conservative model has Bitcoin reaching $3.4 million by the year 2030. That may seem completely impossible, completely ridiculous, outlandish, compared to where we are right now, but anyway, let's go more into what's happening. Again, this is about adoption, it's an arms race, it's game theory, whatever you want to talk about it." Learn more about your ad choices. Visit megaphone.fm/adchoices

The high priest of Bitcoin, Max Keiser predicts the king crypto (BTC) continuing to eat into the global financial $400 trillion TAM (total addressable market), sending the Bitcoin price soaring to a minimum of $1 million per coin. "The total addressable market for Bitcoin would be $400 trillion, that's the total sum of global financialized world. Bitcoin will eat that essentially, so we're going to see a lot higher prices, $1 million - $2 million per BTC." Learn more about your ad choices. Visit megaphone.fm/adchoices

Despite the fact that Bitcoin has lost over 73% of its value since its all-time high in 2021, BTC bull and MicroStrategy co-founder and CEO Michael Saylor is unfazed. "I think that the next logical stop for Bitcoin is to replace gold as a non-sovereign store of value asset and gold is a $10 trillion asset as we speak. Bitcoin is digital gold, it's 100x better than gold," Saylor said during the Money Festival hosted by MarketWatch on Wednesday. "The half-life of money in crypto is forever. You can move it on billions of computers at the speed of light. So if Bitcoin goes to the value of the yellow metal, it's going to $500,000 per coin, and I think that happens this decade," Saylor pointed out. Learn more about your ad choices. Visit megaphone.fm/adchoices

Quant crypto analyst PlanB, creator of the notorious Bitcoin stock-to-flow model (S2F) is now predicting the Bitcoin price to soar 5x-50x from it's current price reaching $100K - $1 million per coin in the next 3 years. "IMO 2024 halving will (again and in line with S2F) have a big (lagged or front-run) impact on Bitcoin. My prediction: BTC will be $100K-$1M in 2025 (yellow square), 5x-50x from current $19K next 3 yrs. This forecast is not accurate, but better roughly right than precisely wrong." Learn more about your ad choices. Visit megaphone.fm/adchoices

MicroStrategy's Michael Saylor thinks Bitcoin will reach $500K - $1,000,000 per coin in the next years if it matches the market capitalization of gold. "The next logical step for bitcoin is to replace gold as a non-sovereign store of value asset." Last year, he outlined the merits of the king crypto (BTC) and claimed that it is 50 times better than the precious metal. This summer, he doubled down on that stance, saying the asset is "obviously better than gold and everything that gold wants to be." Instead of going to zero (as some might predict given its recent price decline), Saylor envisioned it will shoot up to $1 million in the years to come. Learn more about your ad choices. Visit megaphone.fm/adchoices

World renowned Bitcoin maximalist Max Keiser and Stacy Herbert of the Max and Stacy report project the king crypto (BTC) tapping into the $400 trillion total addressable market, sending Bitcoin to $1 million - $2 million per coin. "The total addressable market for Bitcoin would be $400 trillion, that's the total sum of global financialized world. Bitcoin will eat that essentially, so we're going to see a lot higher prices, $1 million - $2 million per BTC." Learn more about your ad choices. Visit megaphone.fm/adchoices

BREAKING NEWS: CoinCorner, a global leader in Bitcoin and Lightning Network services, has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in The United Arab Emirates (UAE). "Apart from individuals, a large number of companies are ready to embrace Bitcoin and other crypto as legal tender for future transactions," said Hisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum. "The UAE wants to offer a growth-oriented environment to fintech companies by establishing an ecosystem for digital currencies. Companies dealing in cryptocurrencies hold huge potential in the Emirates' digital economy." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bloomberg's lead commodity analyst Mike McGlone is doubling down on his forecast for a six-figure Bitcoin price tag. In a new interview with Kitco News, crypto expert McGlone says that adoption and demand for Bitcoin appear to be gaining enough steam to push BTC to $100,000 in less than three years. "Here's the key thing about Bitcoin. To me, it's a matter of time before it gets to $100,000. The key fact is by code, the supply is going down. You can't change it. Adoption and demand are increasing. Unless you expect that to reverse – which I don't – I think it's going to accelerate. Every sign I see it's accelerating. It will continue appreciating. It's just a matter of time." Learn more about your ad choices. Visit megaphone.fm/adchoices

MicroStrategy CEO and Bitcoin advocate Michael Saylor doubled down on his support for the king crypto (BTC) as he explained the issues related to transferring the value of physical properties such as gold, company stocks or equity and real estate during the Australia Cryptocurrency Convention. "There's no price target. I expect we'll be buying bitcoin at the local top forever. And I expect Bitcoin is going to go into the millions. So we're very patient. We think it's the future of money." Learn more about your ad choices. Visit megaphone.fm/adchoices

BREAKING NEWS: White House publishes crypto framework for regulation of Bitcoin and digital assets while Microstrategy executive Michael Saylor publishes open letter discussing the "sheers volume of misinformation' tied to BTC. Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 BTC during the last few years as Saylor predicts bitcoin hitting $600,000 a coin, and eventually $6 million. In November, Saylor said that bitcoin was "unstoppable" and will "emerge as a $100 trillion asset class." The CEO has repeatedly said that BTC will replace gold. Learn more about your ad choices. Visit megaphone.fm/adchoices

Boston Consulting Group (BCG) believes that blockchain technology presents a massive business opportunity by 2030, predicting a $16,000,000,000 Crypto tokenized market cap which suggest a $320,000 - $1,020,000 Bitcoin price action based on the entire cryptocurrency tokenized market cap growing 16x -51x in value. The global consulting giant says in a new report that "on-chain asset tokenization" can help address the challenge posed by asset illiquidity. "The total size of illiquid asset tokenization globally would be $16 trillion by 2030." The value of tokenized assets is currently at $310 billion. Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto strategist and trader says a potential shift that could end Bitcoin's (BTC) multi-month downtrend is on the horizon. Cryptocurrency analyst Kevin Svenson tells his 69,200 YouTube subscribers that Bitcoin is on the verge of taking out its diagonal resistance that has kept the market bearish since November 2021. "This long-term [downtrend line], from $69,000 all the way down on the linear scale, we're potentially at breakout point to break the macro downtrend on linear… But also we have the weekly RSI, which we're currently about to break out of. So Bitcoin has some potential bullish pivots coming, potentially [a] bullish trend shift." Learn more about your ad choices. Visit megaphone.fm/adchoices