U.Today Franchise
F2Pool
0
📰 News
20137 views

Bitcoin Price Is in for 'Super Hyper Inflation' Before It Hits $1 Mln, Crypto Analyst Marius Landman Says

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Yuri Molchan
    📰 News

    Major Bitcoin and altcoin price forecaster, a contributor of CNBC, Marius Landman, claims that Bitcoin will soon enter big inflation before it soars to $1 mln

Bitcoin Price Is in for 'Super Hyper Inflation' Before It Hits $1 Mln, Crypto Analyst Marius Landman Says
Cover image via scrapvideo.ru

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Marius Landman, a crypto analyst, an asset manager, is forecasting massive incoming inflation for the Bitcoin price before it surges to $1 mln (as he apparently believes).

Besides, he says that the next two ‘subito motus’ in the crypto sphere will be stunning for ordinary investors and technical traders.

Bitcoin is in for ‘super hyper inflation’

Landman says that Bitcoin will be unable to reach $1 mln unless it first goes through ‘super hyper inflation’. Bitcoin is protected from inflation, for that purpose every four years miners’ rewards get cut in half and the next halvening is to occur in May 2020. Apparently, the analyst here is speaking about a major Bitcoin price decline.

The scale of price movements will be much bigger, he warns. Obviously, if BTC starts coming somewhere close to $1 mln, the price drops the market is experiencing now, like a $1,000, would seem like nothing. Price corrections of $20,000 in the future would be as insignificant as those of $100 are today, he says.

Only one more person, it seems, also believes that Bitcoin will hit the price level of $1 mln – the former antivirus mogul and crypto eccentric John McAfee. He reckons BTC would reach that by the end of 2020.

Other Bitcoin permabulls, such as Fundstrat’s Tom Lee and Max Keiser go for much more modest forecasts for the maximum BTC price level.

Bitcoin and Litecoin ‘subito motus’ are coming

Marius Landman is also predicting two upcoming ‘subito motus’ (Latin for ‘sudden movements’) of Bitcoin and Litecoin that will surprise the crypto community and leave them 'scratching their heads'.

👉MUST READ

Bakkt Plans to Take on CME with Cash-Settled Bitcoin Futures

Bakkt Plans to Take on CME with Cash-Settled Bitcoin Futures

Landman and his charity project in Africa

Apart from working with market analytics and crypto asset management, Landman also supports social development projects. On his personal website, he promotes the ‘More Water Project’ that he is taking part in. The mission of it is to provide fresh water for African communities.

Landman and the project’s team are collecting donations for drilling water wells in Africa. The current location they are working in is Ghana.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
CLOUD MININGPromoted
0
📰 News
538 views

Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Yuri Molchan
    📰 News

    A crypto analyst says that Bitcoin follows ‘standard crypto games’ and expects BTC price to surge to $8,200 before making a market reverse

Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

After Bitcoin bulls reclaimed the $7,400 level earlier, the flagship currency is holding in the $7,500 area. A crypto analyst says that these are ‘standard crypto games’ – Bitcoin is likely to surge into the $8,000 area before plunging again.

Bulls, get ready to rock - $8,200 on the horizon

At press-time, Bitcoin is swapping hands at $7,544. For a long while prior to that the price was trading flat in the $7,200-$7,300 area.

However, on Friday, the Bitcoin price managed to recover to the $7,500 level.

BTC price CMC
Image via CoinMarketCap

The analyst @CryptoMichNL reckons that Bitcoin is following a standard pattern of the volatile crypto market and is going to please the bulls before giving them a nasty surprise of a bearish reversal.

‘Bitcoin halving is the main catalyst’

The next Bitcoin halving programmed by Satoshi Nakamoto, the Great and Terrible, is to happen in May 2020. Many in the community believe it to accelerate the Bitcoin price surge since miners have not priced it in.

👉MUST READ

Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

Doubts about the BTC halving impact

However, a co-founder of the Morgan Creek Digital Jason Williams, the less Twitter-active than his colleague Anthony Pompliano, reckons that the Bitcoin price is likely to dip after the halving. The thing is that miners are going to get twice as fewer BTC for each new block than now and many of them are going to have to sell their BTC to pay the bills.

Besides, chances are high that small mining pools will quit since mining will stop giving them enough profit.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
CLOUD MININGPromoted