Bitcoin News Alerts | Daily BTC Macro Signal

Economist and gold bug Peter Schiff has made some dire predictions about crypto, particularly Bitcoin and Ethereum. He explained that "The need to sell Bitcoin to pay the bills will only get worse as the recession deepens," adding that the king cryptocurrency (BTC) is poised to crash to $20K while Ether will sink to $1K.

"With Bitcoin dropping below key support at $25K and Ethereum below 1300, the combined market cap of nearly 20K cryptos has broken below $1 trillion, from a record-high of $3 trillion. That's $2 trillion down, $1 trillion left to go. The last trillion will be the most painful."

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Mike Novogratz, the CEO of the crypto investment company Galaxy Digital, has recently predicted that the next bull cycle of Bitcoin (BTC), the largest cryptocurrency by market cap, could start in the fourth quarter of 2022.

Novogratz shared this opinion at the Consensus 2022 conference in Austin, Texas. According to the billionaire investor, Bitcoin is not going to trade well until the Federal Reserve takes a break.

"My hope is that by the fourth quarter, the economy will be slowing enough that the Fed says we are going to pause, and then you will see the next crypto cycle start. Then Bitcoin will break from equities and lead markets… Rates are going to 5% in the U.S. I hope crypto can decouple."

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The CEO of global investment manager VanEck, Jan van Eck, is reportedly expressing optimism that the Bitcoin price will rise to stratospheric heights.

The VanEck CEO says that Bitcoin could rally by around 732% from current levels to reach $250,000 per coin, according to a report by business publication Barron's.

"Investors see it as a complement to gold. That's the short version. Bitcoin has limited supply; the supply is visible. And it's very hard, almost impossible, to change that. Bitcoin will go to half the market cap of gold, or $250,000 a Bitcoin, but that could take decades. It's hard to put a timeframe on it."

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Unapologetically bullish Bitcoin bull and MicroStrategy CEO Michael Saylor, whose own comments to mainstream media firmly brushed aside any suggestion of permanent price downside, says the king crypto (Bitcoin) is going to a million dollars per coin.

Those who claimed that Bitcoin would be banned or go to zero, he told CNBC on June 8, had already been "discredited."

"If the deniers are wrong and the skeptics are wrong — and it's pretty obvious they're both wrong at this point — it's not going to zero, and if it's not going to zero, it's going to a million," Saylor forecast.

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A popular crypto strategist who accurately predicted Bitcoin would slice through $30,000 last month says BTC looks poised to capitulate even after its latest rally.

Pseudonymous cryptocurrency analyst Capo tells his 335,700 Twitter followers he expects Bitcoin to print a fresh 2022 low once BTC bears take out support at $28,500.

"Clean range. What is happening inside the range and what has happened at the range high shows that this is clear redistribution range. Clean break of the range low = last leg down confirmed = $21,000-$23,000."

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A crypto strategist who accurately called Bitcoin's May 2021 meltdown is now predicting a potential rally that could send BTC toward its long-term diagonal resistance.

Pseudonymous analyst Dave the Wave tells his 112,100 Twitter followers Bitcoin is trading within an ascending channel and potentially gearing up for a short-term rally to his target.

According to the cryptocurrency strategist, his target of $39,547 is "speculative" and is only valid as long as the channel holds.

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Jurrien Timmer, director of global macro at asset management firm Fidelity Investments, recently shared a modified version of the Bitcoin Stock-to-flow (S2F) model dubbed the S-Curve Model. Using the model, he predicted that the king crypto (BTC) price could reach $144,000 within the next three years.

"I remain bullish on Bitcoin as an aspiring store of value in a world of ongoing financial repression, but the above exercise is a good reminder that we should always revisit our assumptions, especially when the price action deviates from expectations."

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Bitcoin will hit $300,000 before 2025 predicts crypto analyst Crypto Rover while Jason Lowery predicts the king cryptocurrency (BTC) hitting $1,000,000 by 2030.

"We will be told that we got lucky, that nobody could have predicted $1M by 2030."

Billionaire Tim Draper has doubled down on his Bitcoin price prediction of $250,000, which he made in a June 2021 CNBC interview. By the end of this year or early next year.

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Macro analyst Lyn Alden says that the king crypto (Bitcoin) could rally higher over the coming months if certain conditions are fulfilled.

Asked in a Coin Stories interview whether BTC could revisit its all-time high this year, Alden says that the price of leading cryptocurrency could surge if the Federal Reserve reverses its current hawkish monetary policy measures, such as raising interest rates and the unwinding of asset purchases.

"I mean if you had a total capitulation, like if you had a pivot in Fed policy and a re-liquefaction of markets, it's a pretty high volatility asset [Bitcoin]. So you could have a pretty big swing up. You could retest some highs."

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Venture capitalist Tim Draper has doubled down on his Bitcoin price prediction of $250,000 by the end of this year or early next year. However, the billionaire explained why he expects the price of the king crypto (BTC) to soar past his estimate.

Draper explained: "Women control about 80% of retail spending and retailers haven't yet realized that they can save 2%, and they usually run on very thin margins so that might be like double their profits. They can save 2% just by accepting bitcoin instead of taking a bank-issued credit card. And that can change everything.

"All of a sudden. All the women will have Bitcoin wallets and they will be buying things with bitcoin and you are going to see a bitcoin price that will just go right through my $250,000 estimate."

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