Bitcoin Forum

I m in PBC Premium group and i have read last article about btc . I will share here and i am wonder about your thoughts..

PBC PREMIUM :

Hello, friends, and welcome to a very quick, very important update.

Last Year’s Announcement

July of last year—2017—the entire cryptocurrency market was down. Bitcoin itself was down 4%, and there was an announcement that came out that I wrote about extensively. I said, “This announcement is going to radically push the price of bitcoin higher.” At the time, bitcoin was trading at around $1,850 a coin.

Back in July, I said, “Look, you’re going to see at least $10,000 on bitcoin this year.” And people thought I was nuts. We were in the middle of a crazy, horrific bear market, but I said, “Look, this announcement is going to radically transform this space.”

Of course, by the end of the year, we had hit $20,000 on bitcoin, and the announcement that I was telling everybody about was the fact that bitcoin futures were going to trade by the end of the year. What I said was that once futures traded, it would bring in an entire new leg of money that would radically push up the price of bitcoin.

Recent Announcement

I’m coming at you today because there is an announcement that has just come out that—just like last year—is being completely ignored by the market.

But it is an announcement that could take bitcoin up 10x or more from where we are right now. Bitcoin is trading right now at around $6,400–6,500. So yes, Teeka Tiwari is talking about $65,000 bitcoin. Has he gone mad? I can assure you that I haven’t, so let me tell you what’s going on.

Since 2014, people have been trying to get an ETF (exchange-traded fund) launched so people could easily buy and sell bitcoin from their brokerage accounts. The Winklevoss twins have been trying since 2014.

Now, every time they’ve come to market I’ve said, “Look, it’s really doubtful that they will get approved. In fact, I think they will not get approved.” It just didn’t have the safeguards in place. They didn’t have the connections or the background that the Securities and Exchange Commission (SEC) could trust.

Then, Solid X came out earlier this year, and I said, “You know what, these guys might have a shot at getting an ETF approved, but I’m not going to say that it’s a 100% done deal.”

So what am I talking about now? I’m talking about a brand-new player that has just filed all the relevant paperwork to get an ETF approved by the SEC; I am telling you right now unequivocally—this is the first time I’ve ever said this—that this particular filer will get approved by the SEC. They will provide the first bitcoin ETF and I’ll tell you why.

The filer is the CBOE, that’s the Chicago Board Options Exchange. It is one of the largest, most well-respected, most well-funded clearing institutions on the planet.

It’s up there with the New York Stock Exchange, the Nasdaq, the Depository Trust & Clearing Corporation, and SWIFT. It’s at that level. This is not a couple of guys that made a bunch of money on Facebook who are launching a fund or launching an ETF. This is the CBOE—the CBOE. I cannot emphasize how important and how much credibility the CBOE has.

Addressing the SEC’s Concerns

Now, one of the main arguments the SEC had against approving an ETF was a lack of global regulatory rules surrounding crypto and crypto exchanges. Now, this was recently refuted by the decision by Japan and South Korea to regulate their crypto exchange markets. They are the biggest exchange markets.

And then the second issue the SEC had expressed concern around was the lack of insurance for crypto investors. What happens if there’s a hack? What happens if the private keys get lost? What’s going to happen to the investors that put money in this?

The key factor that I believe separates the CBOE’s application from everybody else’s is that the CBOE has stated that it has secured insurance for the investors.

So if there’s a hack, if the keys get lost, if there’s fraud, if anything happens that impacts the value or the security, I should say, of the bitcoin held by that ETF, the investors are covered.

What we have to look at is the preponderance of evidence. We’ve got the CBOE, one of the most important financial institutions in the world, backing a bitcoin ETF. We have insurance that if a key is lost or if something gets hacked, individuals will know that their money is safe. This is everything that the SEC has been looking for.

Mark my word, friends, this ETF will get approved. And when it’s as easy to buy bitcoin as logging in to your Fidelity account and pushing a buy button, you will see tens—if not hundreds—of billions of dollars flow into this ETF and, of course, also flow into bitcoin and the entire cryptocurrency ecosystem.

It is as transformative as the announcement last year that we were going to see bitcoin futures back when bitcoin had dropped from $3,000 down to $1,850. And the world ignored the importance of that announcement.

Friends, I am telling you, this is the most pivotal announcement that I have seen not only this year, but ever within this space. When we can get an ETF that makes it easy to buy, sell, and hold bitcoin, it’s going to open the floodgates of capital to people who would have never ever opened up an account at Coinbase or who would never ever mess around with a digital wallet. It now allows the mainstream adoption of bitcoin by the everyday investor, and it’s wildly bullish.

So regardless of what you see happen in the day-to-day vagaries of the market, I want you to put your blinders on and I want you to focus on this bigger picture… because the prices that we’re looking at today, we’re going to look back at them just like we did in July of last year when bitcoin was trading at $1,850. We’re going to scratch our heads and we’re going to say, “But all the news was out there; how did people not put two and two together and realize that this thing should have been radically higher than what it was?”

Please make sure that you’re not one of those people. Take advantage of the information that we have in front of us today.

So if you already own bitcoin, don’t get panicked out of it with the volatility. If you don’t own any bitcoin, now is a wonderful time to get into the marketplace and buy some bitcoin.

All right, friends, that is enough out of me. I will catch up with you in another update. And I want you to always remember: Let the Game Come to You!

This is a very interesting article, thank you for sharing it with us. I also think that it's impossible for Bitcoin not to continue on growing in the future, but the question is how long will it take until it will reach such a high value ? It could take more than 5 years , and the  blockchain technology needs to become mainstream.

I don't trust anyone in crypto now) All waited futures on BTC and what happened) Now everybody will wait ETF) Imho better great news will be from China. Look at neo and ETP they both suddenly pumped.

no one knows how long it will take but i think after ETF  decision we can see a big pump on btc. There are many investors waiting for this decision and CBOE is really big. they can bring huge money to crypto market. If CBOE applied that means the answer %75 is pozitive but we have to wait and we will see.

$20.000 was not possible price for most people in the past but that was hit, now $65.000 or $100.000 seem like not possible but it will eventually be normal price.

ETF decision would be a great factor on how the price would react on it but as being said i dont trust no one when we do talk about possible price ranges when it come to bitcoin. We can speculate while we can but pointing out a possible price wont really give any assurance. Any fundamentals can drive it through but somehow we should give some realistic presumptions because basing into those numbers it would really be hard.I do even believing that breaking or surpassing previous ATH would still really be a big challenge.

Im myself a holder and i think bitcoins price can surge according to the article you shared, last year also no one expected that btc can grow from $1000 mark to $20000 mark and all that in a scenario of uncertainty due to hard fork and multiple fork news, im sure we will again witness bext big move from bitcoin and market soon.

It remains to wait very little, in two months we will find out the SEC's answer. I really want the answer to be positive. I'm tired of depression in the market

In my opinion it's just a matter of time that bitcoin will reach 65k. With all the bullish news it is just waiting for the next big bull run and probably it will run to (and over) 65k somewhere in the next year :)

OP has a made a good and bright analysis of bitcoin price especially from last year that turned people's eye to bitcoin. I also believe that the dull market early last year is what we are still experiencing this year, hopefully we are going to see price improve.

I think half the year or the third one is enough. It will be 65 thousand dollars, but it's hard to be this fast.

I'm a bit hesitant to belive this but Palm Beach has been right about many of their past preidctions.

While it is very hard to pick an exact target, I agree that approval of CBOE ETF should help boost the price of bitcoin and the entire crypto market significantly. The volume has dried up so the market just needs some good news to launch it upwards.

long and hodl bitcoin

Been seeing quite a few predictions about Bitcoin reaching $50,000-$100,000. I do think it's possible. However, I don't think it's going to happen on the next bull run. Will probably be 2020 or so before we see this price point. I think $50,000 MAY be possible in the next bull run, but more than likely we'll only see $30k-$40k. Can only hope for more than that.

How I wish the ETF is approve this time around like what happened last year about future trade.  If bitcoin get to $65000 then most of us that has been holding for long will be all rich. I am happy we are having this information before hand so that we would be able to buy more!

It has to rise more than 10 times. The market needs to be $ 2 trillion. Most investors settle for a trillion dollars.

I don't doubt it'll go to 65k. It's just a matter of time and how much time is anyone's guess. Could be 1 year could be 10. And for the same reasons it could also go to 1k or 300 dollars before going to 65k, just something to think about and factor into your decisions.

I'm not an FUD person at all. I have high hopes for Bitcoin. But I just feel I have to come out and put a warning sign on anything that has the name Palm Beach Confidential.

These guys are spammers, they charge thousands of dollars for membership or whatever for advice you can find right here on this forum for free. I almost didn't forgive myself for checking them out when I got their first spam email, from god knows where. Full of users on FB asking for free BTC.

Sorry, but this group and all the guys associated with it pretend to be whales and insiders. They just want your bucks. Stay away.

God!, if this will be true many people here will be celebrating. Name it : Miner, trader or even bounty hunters will surely prosper. But before it let us wait for it to hit and surpass it's ATH little in order to make this happen. And i really root on this industry since the first time i've been here so definitely Bitcoin can do it again.

Good day! If it's true then that would be great news. I'm so tired of months of down trend. Seems impossible to recover. But just like last year bitcoin was unstoppable. Could happen again anytime. I still have hopes.

Yes this is great news and this can happen if SEC approves CBOE's application for bitcoin to be traded as ETF( Exchange Traded Funds). There is the chance the SEC will approve BITCOIN ETF and when it happens bitcoin price can go up to 10x till end of the year.

This is the price I've ever dreamed of and I just hope it could reach $ 30,000 in the next few years as the demand for Cryptocurrency investment is decreasing and investors are selling panic in all markets. Personally I would still believe in this price and will keep holding instead of selling because I believe Cryptocurrency will be the future of world currency and will dominate in all future areas.

I hope the decision Of SEC about ETF bring massive pump all over the world, lets history repeat like last year in 2017, and i hope bitcoin price is more than 50k..yeah

Predicting bitcoin price now has no sense. People said about 20 000 dollars in this summer and what is now? Nothing, bitcoin cost 6000 dollars, So I do not think that 65k will be achieved

I agree with you . Bitcoin prices are unlikely to rebound in this period and we need to wait more as Bitcoin prices are falling and the number of investors is decreasing, so Bitcoin prices are not going to increase like 2017 but if you trust Bitcoin choose the best long-term investment because anything can happen

I don't think it is possible on this year. People don't seem to want to invest in cryptos now. But we can still hope that it will really become true one day.

It is very simple: if there is a low supply from something, that means that the price will be high. For now is the bitcoin mining process very normal, but in the future we will see that the mining get halved what in my opinion will effect the price positive.

Guys, it's going higher sooner or later, many people forget that the real bear-to-bull market factor was the halving in 2016. It had pumped from like $400-$800 then slowly rallied in 2017 until the parabolic move in December.

It WILL rally again leading up to the next halving in 2020 REGARDLESS of any institutional money coming in, think of this possible ETF as just a possible added bonus to the markets. Sooo many people right now think that we HAVE TO get institutional money coming in to get rallies when the crypto market has been rallying off and on for years just on retail money.

^^^THIS

supply and demand yall, it's that simple

I also read this article and I hope that we will soon see 65,000 dollars for a coin. But at the moment I find it hard to believe in such a high price.

If the market recovers and everything goes up. BTC 65k is absolutely possible. as of 2017. Prices from 1500$ go up to 19800$ and now 6300$ goes up 65000$. the thing is 10 times. So it can happen

Right. Last year, everyone was surprised when Bitcoin's price increased by 20 times in a very short time. I remember that in late 2017, Bitcoin was the most talked about topic in the media. Hoping that the price of Bitcoin this year could rise to $ 65,000

excatly. when many give up , many sell for so chip than its time for big investor to jump market. I think if this SEC makes good decision that will help all market for new ath. We must maybe wait a bit more or maybe long time but in the end we all will happy who didnt sell for that cheap price.

I think that in the cryptocurrency market, anything can happen and it is certain that many investors have witnessed a tremendous growth in this market. If you have the right belief and investment plan then I believe that your chances of success in this market are great.

I believe with most people's predictions and realize it takes a long time, in the future crypto will be very good and familiar with people all over the world, I also believe that all big investors today have doubts with global recognition as well as from anything, at least there is a bright spot of legalization from various countries, and the thing I'm waiting for is an official statement from the ETF that hopefully to approve Bitcoin then can breathe fresh air for all investors, bull market will happen.

some smart comments, if we can go from like 1500 to 20k, why cannot we go from 6000 to 60,000....imho it could happen, we will wait and see.

I doubt it will be a situation where we wake up and bitcoin is up $2000+, this is going to be a rocky road, into NOVEMBER I am sorry to say. But after that, we all know NOV and DEC tend to be crypto season, so if there was a move, and violent buying, where people are selling their house, cars, kids, and wife and pet goldfish to get in crypto, it would be very very very LATE in the year, ... like [NOV / DEC / JAN 19"]

although it is only a prediction, but I believe that it could happen where in the past few years the bitcoin price could not be in a good position and maybe the btc price could reach $ 65k or more.

Many predictions it may true until it can reach the price so it is possible but it will takes long. Were hoping this year has the big changes in crypto that btc price could climb the price. So I beleive btc will be soaring high yet we cannot tell when.