Bitcoin News Alerts | Daily BTC Macro Signal

Crypto exchange giant FTX has officially filed for chapter 11 bankruptcy as rumors continue to fly surrounding Sam Bankman-Fried and the fall of his FTX Empire. JPMorgan thinks Bitcoin (BTC) could plunge to $13K following the FTX Crisis. "What makes this new phase of crypto deleveraging induced by the apparent collapse of Alameda Research and FTX more problematic is that the number of entities with stronger balance sheets able to rescue those with low capital and high leverage is shrinking." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin hits a new cycle low of $17,100 as rumors about the possible liquidity crisis for the world's third-largest crypto exchange FTX turned out to be true. Just a day after assuring funds are fine, and they have the assets to back customer's funds, FTX CEO Sam Bankman-Fried (SBF) announced on Tuesday that Binance has shown intent to acquire the global crypto platform to help with the liquidity crisis. Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin (BTC) and crypto markets fell heavily into Nov. 8 as contagion from the FTX debacle spilled over. FTX appears to have stopped processing withdrawals, on-chain data show and as a result Binance is to now fully acquire FTX, as per CZ, the Binance CEO and SBF recently announced on Crypto twitter. "This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crunch. We will be conducting a full DD in the coming days." Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States government is likely to back the dollar with Bitcoin in order to protect its status as issuer of the global reserve currency, according to crypto analyst Luke Mikic. "I outlined why I believe the volatility of Bitcoin will continue to increase from here as it travels through $500,000, $1 million and even $5 million per coin. I think BTC will still be too volatile to use as a true unit of account until it breaches eight figures in today's dollars — or once it absorbs 30% of the world's wealth." Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire venture capitalist and world renowned crypto investor Tim Draper in June, 2021 doubled down on his Bitcoin $250K forecast. During an interview a year later in June 2022, Draper told Scott Melker, aka the Wolf of All Streets, that "by the end of this year or early next year" BTC would hit his $250K target. Amid the bear market this year and speaking at the Web Summit 2022 conference, Draper said bitcoin is essentially protection "against bad governance." While the $250K prediction still rings true with Draper today, he's added a six month extension to his forecast. Draper said: "By mid-2023 - I'm expecting to see bitcoin hit $250,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

The American venture capitalist and billionaire investor, Tim Draper, is still confident in his Bitcoin prediction that says the crypto asset will tap $250K per BTC. Draper said in April 2018, at the Draper University blockchain party, that he predicted: "$250K by 2022." At this year's Web Summit 2022 event, Draper said he "extended" his forecast "by six months," as he now predicts Bitcoin will tap that price range "by mid-2023." Learn more about your ad choices. Visit megaphone.fm/adchoices

The founder and CEO of investment management firm ARK Invest, Cathie Wood, is doubling down on her fiercely bullish forecast for Bitcoin (BTC). Asked in a new Bloomberg interview whether ARK Invest is still "holding on to the $1 million forecast," Wood answers in the affirmative. According to Wood, the king crypto (Bitcoin) could go above $1 million by 2030, an increase of over 4,600% from the current BTC price. "Oh yes. More than $1 million… by 2030." Learn more about your ad choices. Visit megaphone.fm/adchoices

The entertainment industry is growing bullish about the Bitcoin story expecting the BTC price to trade above $1 million in the future. Zac Efron's latest movie "Gold" released earlier this year shows a scene from the future where Bitcoin is trading at a price of $1.25 million per coin. It seems that the entertainment industry is quite captivated by the Bitcoin story and bullish for its future. Of course, no one knows the future. However, the fact that filmmakers have started talking about the king crypto (BTC) shows how widespread is the Bitcoin craze. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a new Google Tech Talks interview, macro expert Raoul Pal says that the crypto market cap of about $1 trillion could explode to $300 trillion in just a decade. If Bitcoin price were to 300x from today's value that would equate to $6,000,000 per BTC and put Ethereum at about $450,000 per ETH. Learn more about your ad choices. Visit megaphone.fm/adchoices

The popular crypto analyst and host of the InvestAnswers YouTube channel says that Bitcoin could easily go on a 3x rally before the next BTC halving event. In a new strategy session, the analyst tells his 444,000 YouTube subscribers that strong BTC rallies usually precede Bitcoin's halvings, an event when miners' block rewards are cut in half and therefore crunching future supply. According to the analyst, historical precedence based on the halving dates places Bitcoin around the $63,000 level by March of 2024, which would be more than a 200% gain from current prices. Learn more about your ad choices. Visit megaphone.fm/adchoices