BITCOIN 2021 MARKET OUTLOOK REPORT PREDICTS $700K BTC BY END OF 2021; $40K IS ONLY THE BEGINNING!!

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This new bullish Bitcoin research report published by Blockware Solutions entitled, “2021 Bitcoin Market Outlook – $40,000 is Only the Beginning” predicts a $700,000 BTC price by the end of 2021.

As Bitcoin price continues to make new highs in 2021, it is imperative to understand that the current Bull Cycle (March 2020 – Present) has been, and continues to be, disproportionately driven by institutional investment, while retail investors have remained slow to participate.

This is a powerful signal that the present Bitcoin Bull market is still in its early stages. A key characteristic of early Bull Market’s is heavy institutional accumulation during the early stages of the Bull Market.

Markets are dictated by human psychology, which is why similar patterns and characteristics are repeated across distinct markets, regardless of the asset. In traditional markets, institutional sponsorship is seen as a positive indicator for the future of an investment. Institutional sponsorship simply refers to the ownership of an asset by reputable mutual funds, banks, pension funds, venture capital firms, hedge funds, and other large institutions.

These professional investors have teams of analysts researching thousands of the best products and they typically deploy capital with long time horizons (2 to 4+ years). It is great confirmation to see these institutions deploying capital to the same investments as you. This is also referred to as “following the Smart Money,” because they are the largest accumulators during the early stages of a bull market.

Regardless of the asset class, retail investors are typically late to the trade. At market tops, when euphoria is at its highest, outflows (selling of the asset being traded) tend to accelerate for institutional investors while inflows (buying of the asset being traded) are at their peak for retail investors. The inverse is true at market bottoms.

Historically, Bitcoin Market Cycles tend to follow a similar 4 year evolution catalyzed by Reward Halving events. Halvings are significant because they remove potential sell pressure from the Market. It is crucial to understand that Miners are the primary source of capital outflows in Bitcoin. They receive all of the newly issued Bitcoin and they must sell Bitcoin in order to fund their mining operations. This is why Bitcoin has performed well in Halving years, and even better in the years immediately following a Halving event.

The average return in Bitcoin the year a Halving event occurs is 206%, the average return for the year following a Halving event is 3,382.5%. The most recent halving event occurred in 2020. If history repeats itself, 2021 is set to be a major year for Bitcoin price discovery. The historical average return of 3,382.5% would see the price of Bitcoin reach nearly $700,000 by the end of 2021.

On other trending Bitcoin News headlines today:

“More institutional adoption as Marathon Patent Group purchases $150M in Bitcoin”

Nevada-based crypto mining firm Marathon Patent Group has invested $150 million in Bitcoin as a reserve asset. Marathon announced today that it has purchased more than 4,812 Bitcoin (BTC) for $150 million through the New York Digital Investment Group — an average price of $31,168 per coin.

“Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year”

Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges.

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Show Notes / News Resources:
– $700K Bitcoin Prediction Report: https://bit.ly/3qRErlX
– $150M BTC Purchase: https://bit.ly/2KNwDCq
– Universities Buying Bitcoin: https://bit.ly/3ceicT9

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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