Bitcoin News Alerts | Daily BTC Macro Signal

Analyst Benjamin Cowen is detailing a potential worst case scenario for Bitcoin and the crypto markets at large. If this bearish cryptocurrency market structure plays out, the total market cap of all cryptocurrencies would finally reach a bottom at around the $500 billion mark, which suggest a Bitcoin price bottom of about $10,000 per BTC. "This is something to consider. It's the worst case scenario. I have no idea if it's going to play out or not, but it's something that everyone I think should consider when navigating the cryptoverse." Learn more about your ad choices. Visit megaphone.fm/adchoices

A widely followed crypto analyst says that Bitcoin could follow in the historical footsteps of gold and spark a massive 6-figure rally but notes that the king cryptocurrency (BTC) has further to fall first. "We could start to see an asset trade very similar to gold. I'm going to make the case today about how Bitcoin could very well be that asset, especially after going through a steady decline of 75% or so far, and will likely go through a decline of around 80 to 85% at bare minimum… After that, we can have really green pastures for Bitcoin, starting [to] charter into that six-digit territory that many people have talked about since the previous bull market, towards $100,000, $200,000, you name it, as people start to lose faith in the base currency, the dollar being the world reserve currency." Learn more about your ad choices. Visit megaphone.fm/adchoices

Shark Tank investor Kevin O'Leary is casting doubt on the ability of Bitcoin to rally above the $25,000 price level under the prevailing conditions. O'Leary says in a Stansberry Research interview that the BTC price is stagnating because the lack of cryptocurrency regulation is hindering institutional investment in the space. "I'm going to predict that crypto and particularly Bitcoin will be locked between $20,000 and $25,000 until we get policy. It's not going to go anywhere because there's not enough buyers. You need to tap trillions of dollars being managed by sovereign wealth, and they are not going to buy Bitcoin until there's regulation." Learn more about your ad choices. Visit megaphone.fm/adchoices

The chief executive officer of Mastercard says that the credit card giant is teaming up with leading crypto exchange Binance to boost Bitcoin and cryptocurrency payments for everyday purchases. "We can unlock the full potential of blockchain technology when we make it easier to access + easier to use. One way we do that is by bringing crypto to everyday purchases. Users can enjoy a seamless transaction in which their cryptocurrencies are converted to fiat currency in real-time at the point of purchase, as well as earn up to 8% in crypto cashback on eligible purchases and enjoy zero fees* on ATM withdrawals." Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto bull and Real Vision CEO Raoul Pal says that Bitcoin can still erupt en route to outperforming other asset classes in the next 10 years even in his worst-case scenario. "I rode it up $1,000, so it went up 5x in two months, then went all the way back down 85%. I just held it because I wanted to treat it like an option. I had a 10-year view. I said it's probably going to $100,000 worst case, $1 million best case over the next 10 to 20 years." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin, the world's most-valued cryptocurrency, has the potential to be a significant energy consumer in the future, but only if it reaches several million dollars per coin, according to new estimates by Arcane Research. Crypto research and analytics firm Arcane Research on Monday released a report estimating the development in Bitcoin's energy usage toward 2040. If the BTC price hits $2 million in 17 years, Bitcoin may consume 894 Terawatt-hours (TWh) per year, surging 10 times from today's level, the report suggests. Despite huge growth, such energy consumption would only account for 0.36% of the estimated global energy consumption in 2040, increasing from Bitcoin's 0.05% share today, the analyst estimated. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former Goldman Sachs executive Raoul Pal says an explosion of the crypto market cap by 200x in the next decade is within the realm of possibility, with a potential Bitcoin target price of $2,100,000 per BTC. "What I do know is if I just extrapolate the network adoption effects, the number of users, and where the number of users is going and assume it gets to somewhere between four and five billion in the next 10 years or so – which would be central bank digital currencies enabling it, all ticketing, a whole bunch of stuff going that way – the market cap of the space goes from $1 trillion to $200 trillion… People don't realize the world has never seen an accumulation of wealth like that in history. This would be the shortest period of time of the largest accumulation of wealth ever seen." Learn more about your ad choices. Visit megaphone.fm/adchoices

According to Crypto exchange Changelly, Bitcoin might peak at around $937k in 2030, with the king cryptocurrency trading at an average price of $798k per BTC. Bitcoin searches on Google being 7x and 42x higher than the no. of searches for USD and Euro, respectively, is evidence of the same. In fact, according to studies, there has historically been a 91% correlation between BTC prices and Google search volumes. Learn more about your ad choices. Visit megaphone.fm/adchoices

The chief investment officer of crypto asset manager Bitwise Investments is unveiling his massive price target for Bitcoin despite the ongoing bear market. In a new Stansberry Research interview, Bitwise executive Matt Hougan says that Bitcoin could rally by over 2,273% from its current price of $21,062 as he believes BTC will come close to gold's market capitalization of more than $11 trillion. "I think it's perfectly rational to believe that Bitcoin could trade to half a million dollars over time. The way I picked that number out of the hat is if Bitcoin held as much wealth as is held in gold, it would be about half a million dollars a Bitcoin." Learn more about your ad choices. Visit megaphone.fm/adchoices

Kraken crypto exchange CEO Jesse Powell says he would NEVER bet against Bitcoin and is still hopeful of a $2 million dollar BTC price by the end of 2022. "I'm still hopeful that I'll be able to buy a Bugatti by the end of the year for one Bitcoin. I bought in bitcoin again at $18,000, I'm happy to ride it back up," Kraken CEO Jesse Powell told Bloomberg in an interview this week, adding he's "still bullish on the long run" due to bitcoin's "fundamentals" continuing to improve. "I'd never bet against bitcoin." Learn more about your ad choices. Visit megaphone.fm/adchoices