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hello welcome this is blockchain Bloom the blockchain indicatory metal pink and in today's video I'm going to talk about that Michael Berry shorts the market again so he's batting on market crash the second thing I would like to talk about is that the pro uh Bitcoin candidate uh Javier Miller won Argentina's open presidential primary election so if he wins you know then uh Bitcoin could be huge in Argentina and the certain is all about that coinbase launches in Canada so guys all this in today's video and don't forget every single day I'm making you a couple of Russia those to keep you up to date short videos between Monday and Sunday and these longer detailed videos between Monday and Friday so if you do not want to miss a single thing in crypto uh blockchain and in you know these kind of topics then simply don't forget to subscribe subscribe button all you know that's the order you have to do and then you will get the notifications as soon as the new video is out hit the like button don't forget if you like this kind of content what I'm creating every single day and now let's do it foreign start we can see that Bitcoin just like yesterday before yesterday before that not moving too much well nothing basically sideway movement 29 376 USD really really really uh pushing here uh the limits in a way that uh you know playing with our nerves when it's going to move actually either direction down or up but sooner later a bigger move will come ethereum just like the same 1840 U.S dollar do we have gainers yet towards China 14 hetera 12 percent doing pretty well in the last two days and Trust wallet token up four percent when we're looking at the losers injective down four percent uh XTC Network down almost four percent of the optimism pretty much the same uh when we're looking at here the Candlestick chart well we can see what we have just seen before these sideway movements what Bitcoin is producing recently and well I have talked about it a couple of times already in the last couple of days and even before nothing new here pretty much holding this trend line as a support but if you break it I would definitely watch this bigger trend line does it hold and also this 20 uh 8 000 ish level that would be very very important on the other hand when we go up then uh yeah that's that's pretty nice probably the first step I'm watching it around this end of 31 000 do we break above it or we just stay so you know looking for new Bitcoin uh highs in 2023 uh to continue the increase but now we couldn't cannot really talk about uh you know breaking to the upside or the breaking down because we moving sideways right but let's move on to the first topic and the first topic is about Michael burry uh actually shorting the market again it was just announced what kind of bat he made on Market which in his opinion going to crash so let's talk about that thank you so Michael burry is the kind of famous investor and a Trader he actually uh became famous because of his successful short bet against the impending mortgage crash during the 2008 Global financial crisis and you know there was a book and also a film about it you know the big short if you remember you might have seen it and um you know he is now saying again that it's time to short the market and he's doing it quite heavily uh uh you know he made a substantial wager on a market crash purchasing put options on the SMC SMP 500 and NASDAQ 100 valued at 1.6 billion US dollar but he did it at the end of June this is very important because uh we do not know what's happening right now with these positions right uh is he still holding them and many many other details are missing we just do know that he made a really heavy bet on put options 1.6 billion years dollar it even shows how heavy it is when we're looking at that this is making up 93 percent of buri's reported portfolios so this is a quite significant amount you know he was uh right back around this 2008 period however he has made couple of bad bads since uh but because of this back in the past um made him uh really you know legendary kind of back then so we're going to see what's going to happen you know um some people look at the U.S market that it's actually with the FED everything is getting quite okay now and some people are saying that it's much worse going to happen uh and then the worst things are just still you know coming up and if if that happens obviously then Michael burry will be uh right and probably uh S P 500 and NASDAQ are going to go down but as I said he made this bet at the end of June so uh not sure where he's right now but these news just came out okay uh second thing I would like to talk about is uh Javier Miller one actually Argentina's open presidential primary election so having right now pretty good chance to become the president of Argentina well and why is this important in crypto terms well it's important because he's really uh for Bitcoin he's actually the one who is totally against the the central bank system uh really calling it as a scam and uh and and there is reason here is really uh Pro Bitcoin and you know in the past you haven't seen any politicians uh who got into uh big positions and actually are for Bitcoin now we can see uh some U.S candidates uh uh again uh we'll be looking at the presidential election but the U.S won um they uh promoting now Bitcoin and campaigning with Bitcoin this is totally new but now we have him and actually uh they're saying here that it was a surprise that he won uh the primary election and when he wins if he wins put it this way um then this could be big for Bitcoin in Argentina we do know that Argentine peso is in a very bad shape you know it's losing its value extremely heavily and uh therefore uh he believes that Bitcoin would be good for Argentina so if you just think about maybe he can make Bitcoin legal tender in Argentina and Argentina is not that small so um yeah all these things can happen but so far so good put it this way uh to be honest with you I don't know his other uh you know sides I just do know that he is ready for Bitcoin and this is important for a Bitcoin point of view um however hopefully he's also a great guy uh but yeah I don't know that part will be to be honest with you um yeah well we will see if he wins probably it's good for Bitcoin uh overall and the next step that another country uh could take Bitcoin on board for example just like a Salvador did um back in 2021 right and now the third topic today it's all about uh coinbase uh launches in Canada so we have now coinbase lunches in Canada and uh you know uh the NASDAQ listed crypto exchange coinbase has officially launched in Canada with new offerings to make cryptocurrency more accessible to millions of Canadians and uh coinbase executive stated that Canada is well positioned to be a global leader in crypto economy if you do know that you know there are some interesting things uh when it comes to crypto in Canada for example actually binance left uh you know Canada in this year kind of was kicked out could it really fit into the regulations but now we have another big exchange so there is still some hope for Canadians that you know these big exchanges uh will be in their country and um of course there are some you know regulations and all these kind of things but this is a fresh start and now coinbase has launched in Canada which is definitely good for crypto in general and also good for Canadians okay guys um that's it for today don't forget every single day I'm making you fresh crispy cryptocurrency and blockchain related videos here on this channel blockchain blue so if you would like to uh follow the news you would like to stay up to date very very simple just subscribe subscribe the button all and you will get these notifications as soon as a new video is out couple of short videos every day and between Monday and Friday you're getting these longer videos with more details so you won't miss a single important thing and hit the like button if you like this kind of content what I'm creating uh yeah see you in the next one have a good one bye thank you
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