Cointelegraph Markets spoke with Wall Street veteran and host of the Keiser Report, Max Keiser, who explains the increasingly important role of Bitcoin in geopolitics amid potential “hash wars” and why he believes Paul Tudor Jones will become the biggest holder of BTC within two years. Your 200K+ follower Twitter account @maxkeiser went silent for a few months. What happened? Max Keiser: It was a software bug that froze the account for nine months. I believe it was a database contention problem. My friends at SwanBitcoin took on the challenge and sorted it out. I also sent two-dozen roses and …

Two crypto fund managers say Ether (ETH) is neither a worthy asset for investors nor a great store of value. According to a report posted June 11 by Steven McClurg and Leah Wald of Exponential Investments, Ether is a “risk-on asset” and not a reliable investment as many in the crypto community believe. The crypto fund managers liken ETH to “digital tungsten” rather than the digital gold which Bitcoin (BTC) has come to be known as in some circles, in that the token is not stable enough against future purchasing power: “Ethereum does not have one of the greatest value …

Bitcoin (BTC) is looking like it will hit $75,000 — and that could happen “within weeks,” one analyst has found. Uploading a fresh BTC/USD price chart to Twitter on June 7, Cane Island Alternative Advisors’ Timothy Peterson unearthed an uncanny similarity to Bitcoin in 2013. Peterson eyes “almost perfect” 2013 correlation Tracking Bitcoin’s price recovery from its lows of $3,600 in mid-March, Peterson noted that its recovery almost exactly tracked price action from seven years ago. The result, he argued, could keep up the copycat move: BTC topped out at $1,300 in 2013, and a similar 700% bull run at …

Prominent Bitcoin trader and technical analyst, Pentarhudi, says the price of BTC could fall to as low as $6,000. The prediction comes after the brutal rejection of $10,500 on June 2. Pentarhudi is well respected for his technical Bitcoin analysis which dates back to 2015 when the price of BTC was hovering just over $200. Before the 14% drop on Tuesday, the trader suggested that the upsurge may mark the start of a four-year bull market. But his analysis released on March 12 showed that only a breakout above the $10,500 resistance level would confirm a newfound rally. While Bitcoin …

Bitcoin (BTC) will never cost less than $10,000 again after August this year — according to a price indicator gaining popularity among investors. In a tweet on June 2, Timothy Peterson of asset manager Cane Island Alternative Advisors drew attention to a watershed moment for the largest cryptocurrency. Lowest Price Forward dictates $10K BTC floor According to Lowest Price Forward (LPF), in just two months’ time, Bitcoin will see $10,000 per coin for the last time ever. LPF, which was previously known as the “never look back price,” makes price predictions for BTC/USD on a given date in the future. …

The price of Bitcoin (BTC) could rise to as high as $12,000 within the next month, some traders say. Predictions for an extended uptrend emerged as the dominant cryptocurrency steadied amid declining volatility for about five days. Historically, Bitcoin tends to see large price movements following a long period of stability. For over 100 hours, the price of Bitcoin remained in a 2% range, which is an abnormally low level of volatility for BTC. Why are analysts saying $12,000 is possible, and why is Bitcoin set to see high volatility? Since late 2019, the price of Bitcoin has moved within …

Japanese crypto firm FXCoin’s senior strategist thinks a depreciation of the Chinese yuan may lead more traders to Bitcoin in 2020. FXCoin’s Yasuo Matsuda spoke to Cointelegraph Japan, saying Bitcoin (BTC) would likely be more popular among Chinese nationals facing economic sanctions due to national security laws as part of the government’s response to the COVID-19 pandemic. The strategist said people in China would be “frustrated with the recession of the domestic economy” and looking for an escape: China’s strong position on legislation like the enactment of the Hong Kong national security law has been conspicuous, but the impact of …

Crypto analyst PlanB released a key indicator for its stock-to-flow price prediction model which could signal a Bitcoin bull run to $100,000 by 2021 has just begun. PlanB confirmed on Twitter on May 31 that the red dot — indicating a price increase — was now present in its stock-to-flow (S2F) model, a price prediction model for Bitcoin (BTC). #Bitcoin S2F chart update .. RED DOT RELEASED!!! pic.twitter.com/iNTjbf9b9K — PlanB (@100trillionUSD) May 31, 2020 The S2F model treats BTC as a commodity like gold or silver, evaluating the existing supply of the cryptocurrency against the amount mined. Though many have …

Bitcoin (BTC) has spent almost 900 days correcting from its $20,000 all-time highs — but its trip to $100,000 is about to start. That is the opinion of popular social media trader and analyst Credible Crypto, who on May 29 declared that the largest cryptocurrency’s 896-day climbdown would soon be over. BTC price to break “consolidation structure” According to an accompanying chart, the time since December 2017 has been “one massive accumulation phase,” during which investors repositioned themselves and bought in. This “consolidation structure,” as Credible Crypto calls it, is now ripe for disintegration, to give way to a new …

The crypto space is well over a decade old with more than 5,500 different cryptocurrencies and a market capitalization north of $250 billion. Researchers at American venture capital firm Andreessen Horowitz say the 11-year old industry is in its fourth supercycle with the three previous epochs culminating in distinct developments that have gone on to shape the market as a whole. In a report issued earlier in May, the VC firm posited that despite the apparently chaotic nature of the crypto market, each previous cycle has proceeded in roughly the same order. According to the report, every new stage begins …

Three new Bitcoin (BTC) metrics are pointing to the sky despite $10,000 staying out of reach for BTC/USD this week. As revealed by Timothy Peterson of asset manager Cane Island Alternative Advisors, as of May 21, the largest cryptocurrency was still firmly bullish according to the three metrics that he personally uses. 200-day moving average, Metcalfe and lowest price forward “I track 3 #bitcoin metrics: Metcalfe value, lowest price forward, and 200-day moving average,” he wrote on Twitter. Apr 29th was only the 4th time in history they converged. The prior 3 were followed by a substantial uptrend in price. …

Businessman Robert Kiyosaki isn’t the only high-profile figure to advocate turning to Bitcoin during the current financial crisis, but he is one of the few making it sound like a life and death decision. On May 19, the best selling author of the book “Rich Dad, Poor Dad” took to Twitter in a mostly all-caps message denouncing the Federal Reserve’s actions during the pandemic and his belief that assets like gold, silver, and Bitcoin (BTC) would be investors’ saviors during this crisis. NEW YORK CITY GOING BROKE. All cities count on INCOME TAX, SALES TAX & REAL ESTATE TAXES, especially …