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Billions of dollars set to flow into Bitcoin as Tether (USDT) announces up to 15% of profits will go to BTC. Max Keiser, the high priest of Bitcoin and Sr. BTC advisor to President Bukele had this to share on crypto twitter in response to the breaking news:
"The new king of Bitcoin is Tether (USDT). Michale Saylor had a great run… Long live the new king!
Tether is more than 💯 backed. They are one of the most profitable companies in the world. Definitely the most profitable financial on 🌍. And they are true Bitcoin'ers. All the FUD about them was bought by scammer USDC."
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Bitcoin Bull and Microstrategy founder Michael Saylor, reiterated his viewpoint that BTC is a better financial instrument than gold. Contrary to the ongoing crypto winter and the numerous critics that envision the Bitcoin price plunging to zero, he expects the asset to soar to $1,000,000.
"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."
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A popular crypto analyst is reaffirming an unpopular stance that Bitcoin (BTC) is about to break new highs this year, despite the recent rejection from $30,000.
"There's a gap at $20,000 that a lot have been eyeing up and using as justification for a deeper pullback form current levels. If I'm right about my thesis for new all-time highs in 2023 – that gap should go unfilled. If you were to ask me which comes first – $20,000 or $70,000+, I'd say $70,000+."
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Renowned global investment manager, VanEck which currently has $69 billion in assets under management, explained a framework that analyzed where the value of Bitcoin (BTC) would end up if it were to be adopted as the world's reserve currency.
"Gold prices of around $31,000 per ounce and potential Bitcoin prices of around $1,300,000 per coin. Adjusting for greater strains on financial and monetary systems generates even higher prices."
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The creators of one of the top on-chain analytics firms in the crypto space believe that Bitcoin is gearing up for an explosive move to the upside.
According to the Glassnode co-founders, the macro backdrop is starting to look favorable for BTC by market cap.
"$25,800 still remains a possibility, as indicated by the options market. Confident in our mid-term outlook of $35,000 as external pressures subside. Market pricing Fed pause in June, no rate cut – optimal for the run to $35,000 for summer."
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Crypto prodigy and on-chain analyst William Clemente III tips the king crypto (BTC) will hit six figures toward the end of 2024.
"Even if you thought Bitcoin could go to $10K from current prices, with a 2025 target of $180K you're looking at a 1:9 risk-reward ratio with 50% potential downside but 900% upside. Invest 1% of your portfolio, you're risking 0.5% with 9% upside to your overall holdings. No brainer."
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A widely followed crypto strategist is predicting that Bitcoin could reach a new all-time high in the next 18 months. According to the crypto trader, his estimate is based on the average time it took during prior cycles for BTC to recover after reaching all-time highs and then collapsing. Using that timeline, he says there are 415 days before Bitcoin will reach a new all-time high during its current cycle.
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Alexandra DaCosta is one of the few female CEO's in the Bitcoin Mining industry and a former head of ESG & Impact investing at Cantor Fitzgerald, Alexandra heads Aspen Creek Digital Corporation, a renewably-powered BTC mining start-up launched in 2022 that recently raised a $8M Series A despite the current downturn in bitcoin mining and crypto.
ACDC is catalyzing the decarbonization of power generation by creating the world's leading fleet of renewably powered data centers. Coupling financial ingenuity and energy expertise, we develop behind-the-meter data centers with new renewable power projects to deliver carbon transparency, reduce power price volatility and add renewables to the grid.
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A closely followed analyst believes that the recent Bitcoin price doldrums are setting the stage for the crypto king (BTC) to go on a parabolic surge.
According to Credible, Bitcoin could correct to as low as $25,000 and still be in a position to ignite the next stage of its parabolic rally.
"By the time we're at $40,000 or $50,000… nothing's stopping us from going to new all-time highs if we get this high. We're not stopping here… We will be at new all-time highs before you know it and certainly before 2024 in my opinion."
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Michael Saylor, a high-profile Bitcoin bull, has put out a $500,000 price target for BTC. Speaking recently at MarketWatch's Best New Ideas in Money Festival, the Microstrategy CEO suggested that the king crypto (Bitcoin) could hit $65,000 within four years and then reach his ambitious goal of $500,000 by the end of the decade.
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