Bitcoin News Alerts | Daily BTC Macro Signal

"I am still hopeful that Bitcoin goes up by a factor of 100x. Bitcoin is the canary in the coal mine; it was telling us that inflation is coming; it is telling us that central banks are bankrupt; it is telling us that we are at the end of the fiat money regime."

PayPal co-founder Peter Thiel predicts the price of the king crypto (BTC) increasing by a factor of "100x" to over $4,000,000 per coin, surpassing the market cap of gold and eventually rivaling the value of the entire stock market.

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Bitcoin will be the currency of artificial intelligence (AI) and could reach a price per BTC of $760,000 in the process, Arthur Hayes says.

"Bitcoin is thus the logical currency choice for any AI. It is purely digital, censorship resistant, provably scarce, and its intrinsic value is completely electricity-cost-dependent. There is nothing in existence today that comes close to challenging Bitcoin on these aspects."

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Ark Invest CEO, Cathie Wood, tells Bloomberg she's still confident in Bitcoin skyrocketing to $1 million per BTC by 2030, considering its robustness and value as a hedge against inflation and counterparty risk.

"The more uncertainty and volatility there is in the global economy, the more our confidence increases in Bitcoin."

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Bitcoin legend Max Keiser, founder of El Zonte Capital and Chairman of Volcano Energy predict's El Salvador will become debt free by 2030 as the BTC price rises to $1,000,000 per coin. In fact he qualified this prediction as a "mathematical certainty."

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Widely followed on-chain analyst Willy Woo says the Bitcoin price could surge by 10X with the approval of a spot Bitcoin ETF in the United States.

"What would price do if these guys put 5% of AUM into BTC? My calculations estimate around ~$310k per coin. It would really depend on whether they deploy in a bearish or bullish phase of the market but the range would be between $128k - $398k. Right now it's $310k. Methodology is via measuring market cap increase vs realized cap increase."

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The Bitcoin price could climb to $200,000 after the U.S. Securities and Exchange Commission (SEC) cracked down on cryptocurrency exchanges, according to Fundstrat head of research Tom Lee.

Commenting on Cathie Wood's hugely bullish outlook for BTC - the Ark Invest CEO holds a $1 million target for Bitcoin — he said that her rationale isn't misguided. "I think her idea of network value for Bitcoin and scarcity still argues that, if this isn't an upcycle, her numbers are correct, you know, something in the $200,000-plus range," he said.

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In a significant update that has reverberated through the cryptocurrency community, venture capitalist Tim Draper has adjusted his prediction for when Bitcoin will reach the monumental price of $250,000 per BTC. Renowned for his early and optimistic investments in digital currency, Draper has extended the timeline beyond his original forecast.

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Anthony Scaramucci of Skybridge Capital predicts Bitcoin hitting $400,000 per BTC by the time of achieving 1 billion users.

"So intrinsic fair value to me would be about $400,000 a coin. I'd add a billion users because again you have fixed supply & you've got less than 21 million coins out there."

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Despite last year's 'crypto winter', the Winklevoss Twins still believe that Bitcoin is the trade of the decade, heading to their base case of $500,000 per BTC.

"The Great Accumulation of bitcoin has begun. Anyone watching the flurry of ETF filings understands the window to purchase pre-IPO bitcoin before ETFs go live and open the floodgates is closing fast. If bitcoin was the most obvious and best investment of the previous decade, this will likely be the most obvious and best trade of this decade."

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It looks like a spot Bitcoin ETF will probably get approved sending the BTC price to $1,000,000 per coin, says MicroStrategy chairman Michael Saylor.

"I have said before and I will repeat it again. If it's not going to zero, it's going to a million. It's either nothing & if its nothing then its getting scrubbed out & banned & of course we now know it's not getting banned. There's no way that Fidelity, Citadel, BlackRock, Charles Schawb, Deutsche Bank, Credit Agricole, Banco Santander all decide they're interested in this, they're not endorsing a tulip bulb, right? Once you go from zero to the one, then the question is, well its an asset class & if it's not going away what is it worth? Well it's worth 1% of the assets in the world so 1% drives it up by a factor of 10-20."

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