Bitcoin News Alerts | Daily BTC Macro Signal

Bitcoin OG's Max Keiser and Stacy Herbert have launched El Zonte Capital, an investment firm focused on companies paving the road to hyperbitcoinization.

"El Zonte is hyperbitcoinization. Hyperbitcoinization is economic freedom, and hyperbitcoinization is our main investment thesis," Keiser told Bitcoin Magazine. "After experiencing what it actually looks like, we see this as the inevitable near future for everyone else. We are riding this wave as any surfer would."

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Plan B still believes that the king crypto will inevitably skyrocket to $100,000 or more and reveals when he sees it happening in his latest update on Twitter.

Bitcoin is heading towards $100,000 by the end of next year, according to both the stock-to-flow model and the logarithmic regression, asserted the man behind them – Plan B. This comes despite the recent failures of the S2F and the analyst's "worst-case scenario."

Later on, Plan B explained that he had compared Bitcoin to other assets like gold, whose stock-to-flow ratio sits around 60 as its market cap is at $10 trillion and real estate. The latter's S2F ratio is at 100, with a market cap ten times larger than gold's.

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Veteran billionaire investor and fund manager Bill Miller says he has "a very big position" in Bitcoin and expects the king crypto to see a lot of institutional adoption this year, particularly among endowments and foundations.

"Bitcoin is insurance against financial catastrophe as we see in Lebanon, or in Afghanistan, or many of these other countries where we saw around the time of the pandemic.

I think the average investor should ask himself or herself what do you have in your portfolio that has that kind of track record — number one; is very, very underpenetrated; can provide a service of insurance against financial catastrophe that no one else can provide; and can go up ten times or fifty times. The answer is: nothing."

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MicroStrategy CEO Michael Saylor talked about why bitcoin is the best store of value in a new interview, soon after vowing to stick with buying the digital asset even as it comes under pressure.

"There's a $500 trillion monetary planet and the outer layer is currency, then you've got stocks, bonds, real estate. There's $10 trillion worth of gold in there, $1 trillion of bitcoin in there. Bitcoin is going to flip gold, and it's going to subsume the entire gold market cap...

"Then it's going to subsume negative-yielding sovereign debt and other monetary indexes until it grows to $100 trillion. Once it gets to $10 trillion, its volatility will be dramatically less," Saylor said. "As it marches toward $100 trillion, you're going to see the growth rates fall, the volatility fall, and it's going to be a stabilizing influence in the entire financial system of the 21st century."

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In conversation with Diario El Salvador, Max Keiser said El Salvador could become a Bitcoin 'hub' for Central and Latin America. He noted that London was one of the three largest financial centers in the world before Brexit and made a large part of the European bonds, executing big deals in the Forex market.

Keiser is hopeful that El Salvador would become a 'hub' and a financial center in Latin America with the king of all crypto in the picture.

"The interest of Salvadoran citizens in bitcoin has grown because Salvadorans have their own bank account on their phones. People who were not banked, which was 70% or more, now with Chivo wallet and other wallets have the opportunity to have financial services."

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On-chain analyst Willy Woo says Bitcoin (BTC) could increase its market cap by more than 20 times from current levels in the next decade.

In a new interview, the on-chain analyst says that the king crypto could reach a market cap of nearly $20 trillion within 10 to 20 years.

"I think it [Bitcoin's market cap] will be more. Maybe close to $20 trillion."

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JPMorgan has increased its long-term Bitcoin price prediction. A year ago, the strategists suggested the long-term price for the king Crypto was $146,000, but they have upped this to a new prediction of $150,000. They did not provide a definition or time scale of "long term," however.

The new BTC price prediction is a level that would put the Bitcoin total market value on par with that of all gold held privately for investment purposes, they added.

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Financial research firm FSInsight predicts in a new report that Bitcoin (BTC) could reach $222,000 and Ethereum (ETH) could reach $12,000 by the end of 2022.

In other breaking Bitcoin News today: Russian government and central bank in Russia agree to treat Bitcoin and crypto assets as currency!

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Could Bitcoin really be worth more than $5 million per coin if everyone in the world clearly understood exactly what it is? Absolutely according to Crypto value investor Mike Alfred.

"If everyone already understood Bitcoin it would cost at least $5,000,000 to buy one. Be thankful."

Wells Fargo Investment Institute, the research division of Wells Fargo Wealth and Investment Management, has released a report highlighting the potential of cryptocurrencies as an investment opportunity akin to the early days of the internet.

"If this trend continues, cryptocurrencies could soon exit the early adoption phase and enter an inflection point of hyper-adoption, similar to other technologies," said the report.

"There is a point where adoption rates begin to rise and do not look back [...] Precise numbers aside, there is no doubt that global cryptocurrency adoption is rising, and could soon hit a hyper-inflection point."

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Seasoned trader Peter Brandt is looking at the state of Bitcoin after its strong rally above $40,000 to determine whether BTC has actually bottomed out.

"Just as the laser eyes marked the April top and widespread talk of $100,000 marked the Nov. top, so bulls throwing in the towel and predicting $20,000 marked the January bottom."

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