More future price projection. Bitcoin could surge to $200,000 in mid-2025: Bitfinex analysts https://finance.yahoo.com/news/bitcoin-could-surge-200-000-183114819.html
Quit sharing shit that has already been projected in this topic numerous times...long before these talking heads.
I'm assuming QQQ will have an effect on MicroStrategy which will have an effect on bitcoin. .......................................... https://finance.yahoo.com/news/microstrategy-breaks-nasdaq-100-amplifying-160518844.html MicroStrategy breaks into Nasdaq 100, amplifying Bitcoin’s reach CryptosRUs Wed, December 18, 2024 MicroStrategy’s upcoming inclusion in the Nasdaq 100 underscores the surge in its valuation and the mainstream recognition of its bitcoin strategy, promising broader crypto exposure for investors. Host of CryptosRus, George Tung, outlines how this move will bring the company into the portfolios of those holding the Invesco QQQ ETF, extending its reach and impact on the broader market. “MicroStrategy has been on an absolute tear,” says George Tung. “They are going to be added December 23rd, and because of it, the very famous Invesco QQQ ETF is going to start buying MicroStrategy.” Tung notes that “All QQQ investors will now have a little piece of MicroStrategy and have a little bit of exposure to bitcoin as well,” cementing Saylor’s vision to go all-in on bitcoin. According to George Tung, “MicroStrategy now holds 439,000 bitcoin” and Saylor “Doesn’t plan on stopping anytime soon.” Tung explains that Saylor continues to raise awareness, stating, “He has been basically going across all mainstream media, social media, and even giving a speech or presentation to Microsoft.” As bitcoin reaches a “Brand new high today of $107,000,” George Tung suggests that both MicroStrategy and the cryptocurrency itself are poised to “Form new highs by the end of this year and in 2025.” His comments capture the growing excitement as more institutional players gain exposure to the digital asset, driven by Saylor’s persistent advocacy and MicroStrategy’s ambitious acquisition strategy. Despite a near 20% surge in Bitcoin's price, MicroStrategy's stock has flatlined over the same time period, only gaining a little more than 1%.
$7.28 Billion in Bitcoin (BTC) in Two Days, Is Market Ready for Biggest Supply Crunch? Godfrey Benjamin Bitcoin whales are buying en masse, triggering potential supply crunch scare. Tue, 17/12/2024 https://u.today/728-billion-in-bitcoin-btc-in-two-days-is-market-ready-for-biggest-supply-crunch Cover image via www.freepik.com Bitcoin (BTC) whales are in a buying frenzy. This development coincides with soaring price movement for BTC in the ongoing bull run. According to Ali Martinez, an on-chain analyst, Bitcoin whales have snapped up 70,000 BTC in the last 48 hours. Bitcoin whale accumulation fuels supply concerns In a post on X, Martinez placed the value of the purchase at $7.28 billion. With Bitcoin currently trading at $107,687, the volume of BTC accumulated by whales has surged above $7.5 billion. Analysts suggest that this increased demand by whales has continued to outstrip supply, driving the continued price metric surge. Some have expressed concerns that a huge supply crunch will likely occur if this momentum continues. Notably, a market supply crunch happens when more investors buy an asset amid a limited supply. For context, Bitcoin has a limited supply of 21 million BTC, and its scarcity is one key factor in driving value. Additionally, only 450 BTC are mined daily. Hence, the total Bitcoin mined within 48 hours is just 900 BTC, which is insignificant in meeting the demand of Bitcoin whales. Will scarcity propel prices? This supports analysts’ views that a supply crunch might occur with the world’s leading digital currency. Although the crypto market always has willing buyers and sellers, observers argue that if participants anticipate a supply crunch, they might become reluctant to sell. Such a scenario of reduced supply mixed with steadily increased demand can push prices higher. Martinez suggests that the Bitcoin market is gearing up for further upward movement due to an impending reduction in supply. Meanwhile, institutional players have also increased their demand for Bitcoin recently. However, the unpredictability of the crypto market might change things. The macroeconomic factors fueling the increased demand for BTC could change and leave whales losing their appetite for more accumulation. The coming days signal which way the market trend will swing.
They are baiting the fish, trying to lure in the suckers. But i am seeing very obvious dump formation on the charts.
Unfortunate fact of life though when it comes to markets, it can remain irrational longer than you can remain sane.
Tether getting delisted in all of Europe is the beginning of an end. Sooner or later some federal regulator in the US or UK will either sanction Tether, issue cease and desist or prohibit them from issuing new fake Tethers. And from then it will go down REAL quick. It's how this pyramid scheme might collapse. This is exactly how the bitconnect ponzi collapsed. The only difference is after Tether collapses, Bitcoin will still be alive, though the price will tank -90% (if not more).