June 04, 2023

Editor's Note: We are HODLERs here and do not take much stock in price prediction. But we do offer a wide range of predictions BECAUSE so many of our readers have asked us to offer them. The thing about Bitcoin price prediction is that nobody knows what the short term or long term price of BTC will be. Our thesis is that BTC is has a huge upside potential and each person needs to assess their own risk. Take all price predictions whether from Bitcoiners or No-coiners with the proverbial grain of salt.


When Will Bitcoin Price Reach Its Peak In 2023?

Editor's Note: Clown Alert...
Arthur Hayes predicts exact timeframe on when the Bitcoin price and crypto market could rally in the upcoming future.


Elon Musk Invites Presidential Hopeful Kennedy For Twitter Chat, Talks On Bitcoin?

Known for his anti-establishment and anti-vaccination stance, Kennedy has now added his opposition to CBDCs to his political repertoire. His latest quote on the matter expresses concern over the government's potential control and surveillance over US citizens, stating:

"That is why I oppose CBDCs, which will vastly magnify the government's power to suffocate dissent by cutting off access to funds with a keystroke."


THREE REASONS BEHIND BITCOIN'S 2023 RESURGENCE

A challenging 2022 prompted Bitcoin skeptics to gleefully say "I told you so" and declare that Bitcoin was dead and buried. But, much to their chagrin, their victory lap ended up being premature. Bitcoin has come roaring back in 2023, ending these premature celebrations and taking back some of its 2022 losses with a massive year-to-date gain of over 60% as of this writing so far in 2023.


THE BITCOIN STANDARD AUTHOR SAIFEDEAN AMMOUS JOINS EL SALVADOR'S NATIONAL BITCOIN OFFICE AS ECONOMIC ADVISOR

Saifedean Ammous, prominent economist and author of "The Bitcoin Standard," is poised to take on a new role as an Economic Advisor to El Salvador's Bitcoin Office. This appointment comes after El Salvador made history by becoming the first country to adopt bitcoin as legal tender in September 2021.


Trader Who Caught Crypto 2023 Rally Abruptly Unloads Bitcoin and Altcoin Positions Here's Why

A trader who skillfully rode this year's crypto rally says he has considerably trimmed his exposure in the digital asset markets following Bitcoin's (BTC) price doldrums over the last few days. In a new strategy session, analyst DonAlt tells his 50,900 YouTube subscribers that Bitcoin's correction from about $28,500 to around $27,000 last week was his signal to get out of the crypto markets.


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BitMEX Founder Arthur Hayes Predicts a Bitcoin Bull Market Ahead, Says To Expect Fireworks Here's the Timeline

According to the BitMEX founder, the Fed will likely have to print money to pay interest on reserve balances thereby increasing liquidity in the system. Hayes predicts that wealthy asset holders who received interest payments from the Fed will likely buy risk assets with the proceeds.

"All of this interest paid is effectively a stimulus program to wealthy asset holders. What do wealthy asset holders do when they have more money than they need? They purchase risk assets. Gold, Bitcoin, AI tech stocks, etc. will all be beneficiaries of this "wealth" that is printed by the government and handed out as interest."


US Dollar Will Lose Dominant Status, China and India Could Play Key Role in Currency Shift, Says Economist Lord O'Neill

"I do think if China and India could ever strongly agree on things as the two biggest countries in the emerging world & then that would probably hasten the end of the dollar's dominance."


Renowned Investor Jim Rogers Expects Worst Bear Market in His Lifetime Says 'You Should Be Extremely Worried'

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he expects the next bear market to be the worst in his lifetime. "You should be extremely worried. If you're not, you don't know what's going on," he stressed, adding that there will be trouble in all markets.


Apple and Goldman Sachs Don't Trust Their New Banking Customers

Users of Apple's new Apple Savings service, launched in April in partnership with Goldman Sachs, are reporting severe delays in withdrawing or moving their deposits. Customers have struggled for weeks to retrieve amounts as high as $100,000 stranded in Apple Savings accounts, according to the Wall Street Journal.
The explanation for the delays is reasonable at least, by the bizarre standards of the traditional finance system. In many cases the frozen funds were under "security review" that is, Goldman is making sure its depositors aren't engaged in criminal money laundering.


How the Upcoming US Jobs Report Might Impact the Bitcoin (BTC) Price

US labor market data for May is due on Friday the 2nd of June.

The data, which is closely scrutinized by policymakers at the US Federal Reserve, could trigger volatility in the Bitcoin market, depending on how and if it impacts expectations for further interest rate hikes from the US central bank. According to the media of a series of polls of economists, the labor market is seen adding 193,000 jobs in May, slightly slower than the 253,000 pace at which jobs were added in April.