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@Mentorkaya
Indonesian Crypto Influencer |Crypto enthusiasts since 2018| Financial educator
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BlackRock CEO Larry Fink has acknowledged Bitcoin as a legitimate financial instrument in an interview with CNBC's Jim Cramer.
"I was a proud skeptic, and I studied it, learned about it, and I came away saying, okay, you know, my opinion [for] five years was wrong," Fink said about his previous skepticism.
Fink emphasized Bitcoin's potential as a hedge against currency debasement: "It is a legitimate financial instrument that allows you to have maybe uncorrelated, non-correlated type of returns."$BTC
"I was a proud skeptic, and I studied it, learned about it, and I came away saying, okay, you know, my opinion [for] five years was wrong," Fink said about his previous skepticism.
Fink emphasized Bitcoin's potential as a hedge against currency debasement: "It is a legitimate financial instrument that allows you to have maybe uncorrelated, non-correlated type of returns."$BTC
Bitcoin 'crazy tight' Bollinger Bands point to $190K
BTC price target
Bitcoin should rise "significantly" as intense volatility prepares to hit, new analysis predicts.
In a post on X on July 19, Julien Bittel, head of macro research at financial advisory publication Global Macro Investor, eyed a BTC price of up to $190,000.
"Compressed" Bollinger Bands ignite talk of 6-figure BTC price
Bitcoin has the fuel to launch to six-figure all-time highs if volatility signals play out like in the past.
According to Bittel, the current "crazy" state of the Bollinger Bands volatility indicator demands that BTC/USD rockets higher.
"Bollinger Bands are crazy tight by historical standards," he summarized.
"Only two other months in history have we seen the weekly Bollinger Bands so compressed: April 2016 and July 2023."
Bollinger Bands form one of the most essential crypto volatility indicators and also offer insight into the strength of price trends.
On weekly timeframes, the gap between the upper and lower band has rarely been narrower. What traditionally comes next has always been good news for bulls.
"During both of the previous episodes, Bitcoin prices rose significantly over the following twelve months, Bittel continued.
"A similar move this time around would target Bitcoin within a range of $140,000 to $190,000."
It is not the first time this bull market that the Bands have pointed to major BTC price upside. As Cointelegraph reported, in late 2023, constriction precluded the run to local highs just before the launch of the United States spot Bitcoin exchange-traded funds (ETFS). $BTC #bitocin #btc
BTC price target
Bitcoin should rise "significantly" as intense volatility prepares to hit, new analysis predicts.
In a post on X on July 19, Julien Bittel, head of macro research at financial advisory publication Global Macro Investor, eyed a BTC price of up to $190,000.
"Compressed" Bollinger Bands ignite talk of 6-figure BTC price
Bitcoin has the fuel to launch to six-figure all-time highs if volatility signals play out like in the past.
According to Bittel, the current "crazy" state of the Bollinger Bands volatility indicator demands that BTC/USD rockets higher.
"Bollinger Bands are crazy tight by historical standards," he summarized.
"Only two other months in history have we seen the weekly Bollinger Bands so compressed: April 2016 and July 2023."
Bollinger Bands form one of the most essential crypto volatility indicators and also offer insight into the strength of price trends.
On weekly timeframes, the gap between the upper and lower band has rarely been narrower. What traditionally comes next has always been good news for bulls.
"During both of the previous episodes, Bitcoin prices rose significantly over the following twelve months, Bittel continued.
"A similar move this time around would target Bitcoin within a range of $140,000 to $190,000."
It is not the first time this bull market that the Bands have pointed to major BTC price upside. As Cointelegraph reported, in late 2023, constriction precluded the run to local highs just before the launch of the United States spot Bitcoin exchange-traded funds (ETFS). $BTC #bitocin #btc
The math behind becoming a millionaire:
- Investing $125 a week for 30 years.
- Investing $350 a week for 20 years.
- Investing $630 a week for 15 years.
It sure isn't easy invest on $BTC #bitcoin
But it is easier than winning the lottery.
- Investing $125 a week for 30 years.
- Investing $350 a week for 20 years.
- Investing $630 a week for 15 years.
It sure isn't easy invest on $BTC #bitcoin
But it is easier than winning the lottery.
UBS sees gold as an attractive geopolitical hedge and portfolio diversifier, rating the metal as most preferred in its investment lessons for the second half of the year report. The bank highlights strong market performance driven by AI investment and recommends diversified portfolios across various assets, regions, and sectors to navigate political and economic uncertainties.
UBS Highlights Key Investment Lessons for H2 2024
UBS’ Wealth Management published a report this week titled “Investment Lessons for the Second Half.” The report, authored by the UBS Editorial Team with major contributions from chief investment officers Solita Marcelli and Mark Haefele, highlights several key lessons for investors over the next six months.
The report emphasizes the importance of diversification across assets, regions, and sectors, especially given the political uncertainty highlighted by U.S. election debates. “So as investors head into the second half of the year, we advocate preparing for lower rates and an evolving political landscape by building a balanced and diversified portfolio across fixed income, equities, and alternative investments,” UBS recommends, adding:
We also see gold as an attractive geopolitical hedge and portfolio diversifier, and rate the metal as most preferred.
UBS also noted that the first half of 2024 saw strong market performance. “We continue to see a supportive backdrop for global equities, and expect discount factors to decline as inflation normalizes and central banks embark on an easing cycle,” the report details.
Secondly, Artificial Intelligence (AI) “remained a dominant driver of business investment and market performance,” UBS said. AI investments, notably NVIDIA’s 150% year-to-date surge, underscored the sector’s significant market influence. “We think investors should make sure they’re sufficiently invested in AI, with a tactical tilt to the enabling layer of the technology’s value chain and megacaps,” said UBS.$BTC #bitcoin
UBS Highlights Key Investment Lessons for H2 2024
UBS’ Wealth Management published a report this week titled “Investment Lessons for the Second Half.” The report, authored by the UBS Editorial Team with major contributions from chief investment officers Solita Marcelli and Mark Haefele, highlights several key lessons for investors over the next six months.
The report emphasizes the importance of diversification across assets, regions, and sectors, especially given the political uncertainty highlighted by U.S. election debates. “So as investors head into the second half of the year, we advocate preparing for lower rates and an evolving political landscape by building a balanced and diversified portfolio across fixed income, equities, and alternative investments,” UBS recommends, adding:
We also see gold as an attractive geopolitical hedge and portfolio diversifier, and rate the metal as most preferred.
UBS also noted that the first half of 2024 saw strong market performance. “We continue to see a supportive backdrop for global equities, and expect discount factors to decline as inflation normalizes and central banks embark on an easing cycle,” the report details.
Secondly, Artificial Intelligence (AI) “remained a dominant driver of business investment and market performance,” UBS said. AI investments, notably NVIDIA’s 150% year-to-date surge, underscored the sector’s significant market influence. “We think investors should make sure they’re sufficiently invested in AI, with a tactical tilt to the enabling layer of the technology’s value chain and megacaps,” said UBS.$BTC #bitcoin
Cryptocurrency is the future money,
focus for investing in this asset…. for getting rich in the future..
#crypto
focus for investing in this asset…. for getting rich in the future..
#crypto
