Bitcoin News Alerts | Daily BTC Macro Signal

BlackRock, the world's largest asset manager, is adding Bitcoin (the king crypto) as an eligible investment to its flagship Global Allocation Fund, which is one of the most preferred vehicles for ordinary and passive investors.

A company filing shows that the move enables BlackRock to allocate part of the fund's $15 billion to cash-settled BTC futures traded on commodity exchanges registered with the CFTC.

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Bitcoin bull Tim Draper had one of the most optimistic calls on Bitcoin of 2022, predicting the king crypto (BTC) would be worth $250,000 by the end of the year.

In November, the billionaire venture capitalist said he's extending the timeline for that prediction until mid-2023. Even after the collapse of FTX, he's convinced the coin will hit the quarter-of-a-million milestone.

"My assumption is that since women control 80% of retail spending, and only 1 in 7 bitcoin wallets are currently held by women that the dam is about to break," Draper told CNBC via email.

Bitcoin would need to rally 1,400% in order for it to trade at that level.

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In today's Bitcoin live show we discuss YouTuber Logan Paul who has threatened to sue fellow YouTuber and internet detective Coffeezilla for defamation after he accused Paul's CryptoZoo nonfungible token (NFT) project of being a "scam."

The two have been battling back and forth on both social media and YouTube videos ever since Dec. 17, when Stephen Findeisen — also known as Coffeezilla — launched the first of a three-part video series attacking CryptoZoo and Paul, who was the face of the project.

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Popular crypto analyst Michaël van de Poppe is laying out his predictions on how Bitcoin (BTC) could perform this year.

Van de Poppe tells his 643,700 Twitter followers that Bitcoin could be gearing up for a massive surge in the coming months.

"Q1: Sideways markets. Potential temporary bottom.

Q2: Relief rally on Bitcoin to $30,000-$35,000 amongst pause of hikes/inflation coming down.

Q3/Q4: Recession and crisis kicks in, one final drop on indices.

2024-2025 massive bull cycle, Bitcoin to $250,000-$300,000."

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ShapeShift CEO Erik Voorhees expects Bitcoin to reach $40,000 by the summer, while Tim Draper has stood by his $250,000 BTC prediction for the second year running.

Erik Voorhees, founder and CEO of crypto exchange ShapeShift, was optimistic about a potential recovery of the Bitcoin price during an interview with Bankless on Jan. 2, stating he "wouldn't be surprised" if Bitcoin hit "like $40K" by the "summer."

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To say 2022 was a rough time for crypto is an understatement. Following a long period of rising cryptocurrency prices and delighted investors, last year saw the arrival of a crypto winter that brought the Bitcoin price crashing down, bankrupted companies, and wiped over $1 trillion off the market, and that's not even mentioning the collapse of FTX.

But what will 2023 bring? Analysts' predictions vary wildly, from BTC almost quadrupling its previous record high and reaching $250,000 per coin as per billionaire venture capitalist Tim Draper, to Bitcoin crashing to $5,000, which would be its lowest price since 2019.

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A crypto analyst who nailed the Bitcoin collapse last year predicts a massive surge for the king crypto.

The analyst known in the industry as Dave the Wave tells his 131,900 Twitter followers that based on his logarithmic growth curve (LGC) model, BTC could ascend to $160,000 by January 2025.

"On the basis of the LGC, which has stood the test of time for four years, Bitcoin could easily do a 10x over the next couple of years…"

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A popular crypto analyst says the cryptocurrency market could see one more massive decline before bottoming in early 2023. In a new YouTube strategy session, pseudonymous Coin Bureau host Guy tells his 2.19 million subscribers that Bitcoin (BTC) could decline by as much as 60% in the near term.

"The bottom will likely come sometime in the first quarter of next year. But the bottom for BTC could be $10,000 or slightly lower, and that most altcoins could therefore fall by another 60% to 80%."

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A widely followed crypto analyst is predicting an end to the Bitcoin (BTC) bear market with a massive rally. Pseudonymous crypto trader Rekt Capital tells their 330,600 Twitter followers that Bitcoin is likely to surge by more than 176% next year from its current value of $16,600.

Rekt predicts an upside to candle three in 2023 that would send the king asset to as high as $46,000.

"Technically, the most a BTC Candle 3 ever rallied was in 2019. In 2019, BTC rallied to Candle 1 and Candle 2 resistance at $13,900 (black). Therefore technically, the 2023 Candle 3 could rally plus-180% to tag the Candle 1 and 2 resistance at ~$46,000, at most."

The London Crypto, partner of exchange ByBit, believes that the ultimate bear market low lies between $10,000 - $12,000 for Bitcoin, followed by a cycle high of $175,000 in 2024 - 2025.

"Bitcoin Macro Analysis. BTC has made a 77% correction in this bear market, compared to 84% in 2013 and 83% in 2017. Studying our previous cycles high vs lows, we can estimate the low for this bear to be the $10k-$12k range, followed by a high of $175k in 2024-2025."

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Bitcoin is due to copy gold's explosive 1970s breakout as it becomes the world's "hardest asset" in 2024, according to a forecast from the latest edition of the Capriole Newsletter on the king crypto (BTC), a financial circular from research and trading firm Capriole Investments.

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