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foreign oh you know what i mean hey everybody welcome back to the thinking crypto channel i've got some very bullish news to share with you guys jim cramer has told millions of people on tv to put some money in bitcoin telling a lottery winner to put some of their lottery winnings into bitcoin big promotion we also got a new bitcoin etf filing and i'll talk about why that's important and why it's different this time with gary gensler as well as chain link breaking 25 we're gonna break it down my friends before we do go ahead and hit that thumbs up button leave a comment below and hit the subscribe button if you're new here it helps support the channel and it doesn't cost you anything so guys bitcoin still hovering up above thirty thousand dollars not really doing anything here as we've been talking about we had a major parabolic run up from christmas until early january right thousand dollar green candle days and here is your respective correction and you're gonna have some sideways movements where bitcoin is not doing anything essentially when i say not doing anything it is doing something it is building support levels but from a price action standpoint it's not doing anything that's that's what i mean but this is par for the course guys we are going to build our support levels and then you're going to have bitcoin breakout go up to your forty five thousand dollars and and then to fifty thousand dollars we're on track according to the macro level charts now if you're looking at this with a daily candle you know it's going to be like oh come on man i see some red here right but if you actually look at the monthly candle breakout my friends you don't even see any red right let me let me uh switch this off here so you guys can see what i'm talking about there's no red all you see is green and people fail to notice that sometimes right where it's like zoom out zoom out look at where we came from here's 2017 where we had our parabolic run up and then of course we had our mini speculative bubble in 2019 we had our bear market and all that and then look at look at this look at this green right that's the monthly chart so that's why you have to zoom out sometimes even on the weekly it doesn't look as bad right look at that more green green candles than red but if you look at the daily then you're gonna see more of that so just keep that in mind bitcoin is doing its thing as it's supposed to we're gonna have another parabolic run up and of course another correction it moves in cycles bull bear and accumulation phase both from a micro and macro level now i've been personally buying the dips so not financial or investment advice that's what i've been doing and there's been a lot of fun lately putting selling pressure on weak hands there's thought about double spend on bitcoin tether uh janet yellen's gonna ban bitcoin and all kinds of stuff but those of us who've been here in the market for a long time we've seen this ball and a dog and pony show right we've seen this before the the media it creates headlines to get you to um do all kinds of stuff to sell right it'll try to scare you and tell you this and that but you got to have strong hands even in the bear and even in the bull market right so uh things are on track guys just just and we're going to talk about some big news that around bitcoin but i think the story of the day here is chain link just destroying bears um destroying the fluttsters who tried to put out foot about it it crossed 25 today and i even put out some uh tweets around that you know rest in peace to the fools who tried to flood link over the the past year i made a lot of money from link in 2020 i've been transparent about that i whole link in my portfolio those of you who are channel members have act direct access to my portfolio list and i swung traded in 2020 i made some money and now i'm in the green big time because i bought back in at the dips and and even kept accumulating at like 11 bucks so it's at 25 right now i'm i'm up significantly right so i'm still holding and uh you know i'll swing trade some more and hold on to some long term i think it could hit 30 very soon i'm not saying tomorrow but probably in the next couple of weeks we could see a 30 chain link for sure some people are calling for a thousand dollars in at the peak of the parabolic run-up right when you think of bitcoin at 100 000 ethereum at 10 000 so definitely possible remember you have to take a look at the market capitalization the circulating supply and um you know link is just 400 just over 402 million um in circulating supply so it is about a between the small to mid cap for a lot of these coins so there's potential for the price to go up and of course adoption utility all that stuff so very very bullish now big news guys jim cramer tells 700 excuse me tell 731 million dollar powerball winner to put five percent in bitcoin and he said this on tv to millions of retail investors this is very bullish not only for bitcoin for the rest of the market so jim cramer hosts mad money on cnbc uh i personally don't watch it i know a lot of retail people do um it's it's for the common man right the average joe and jill it's not for paul tudor jones or these billionaire hedge fund managers who know what they're doing so the mad money host picked bitcoin as one of his hedges against the specter of hyperinflation so he's not wrong because he remember was a contrarian he was against bitcoin but then his eyes opened up when he understood the technology and what's happening and he flipped right after paul tudor jones pretty much came out and said hey bitcoin and crypto is the fastest horse in the race it's hard money it's capped and it's a hedge against what is happening in the global macroeconomic factors of money printing right the government's doing significant amount of money printing and here in the united states they're going to keep printing trillions because of this covet situation but it's not just the covet situation they were doing quantitative easing way before that right where the dollars being devalued um and and your savings are depleting well they the value or uh you know the spend the ability of purchasing power is being depleted i should say so that's been happening but then when this covet situation happened it became quantitative easing to infinity and beyond right so that's why if they were not doing so much money printing before then if this situation came along and they just printed some money to fix it it would have been okay but they've been doing it for years years right you guys know this um it's all public information and data but he uh the fact that he's telling people on tv to do this is is awesome so stock picking personality jim cramer recommended the unknown maryland-based winner of wednesday's 731 million dollar powerball jackpot allocate five percent of his or her newfound fortune in bitcoin you know what if you won the lottery yes i'm gonna say it five percent in bitcoin kramer said thursday night on his mad money program he's absolutely right right take some of that money take some of your savings and not all of it five percent and put it into bitcoin and the crypto market as a hedge as something that will grow uh over time it help build wealth right because you put the money into the bank you're not earning much interest and it's gonna deplete in value over time because of the money printing right so his adve investment advice of course came within came with a few caveats don't buy bitcoin all at once don't buy it on the weekend crypto could be incredibly volatile he said on the day bitcoin tanked 13 yeah that would be a good time to buy buy the dip right uh kramer identified bitcoin as an important new store of value very very bullish my friends this is being told to millions of retail investors and as we've been talking about those of us who've been here for a while we've bought the lows we're going to sell the highs unfortunately dumb money comes in at the top they buy the fifty thousand a hundred thousand dollar price points but you know you and i have bought the dips and that's how you make money my friends and what it's it's with stocks real estate or whatever it may be but with crypto it's much more it's faster as paul tudor jones said the fastest horse in the race right so very bullish for the crypto market and we're going to see a lot more in uh folks coming in on the retail side now this is big news the race is on yet again for crypto etfs as a valkyrie files registration multiple institutions are yet again lining up to offer crypto etfs but will the sec overcome its historical reticent reticence that's a word i do not know i have to add it to my vocabulary so we know jay clayton has been the roadblock but he's out right we know he's not crypto friendly we saw what he did to ripple and xrp so but good reasons he's gone um gary gensler who teaches bitcoin at mit sloan uh this guy gets blockchain he gets crypto he's talked about ripple and xrp he's now in the driver's seat and i do think my friends we could see a bitcoin etf this year or next year i personally interviewed rick edelman who's been beating the drum on a bitcoin etf for years but jay clayton was the hold up now you got these other exchanges examined exchanges but these firms and institutions are now filing they're all lining up to file for a bitcoin etf which is a good sign they probably see the writing on the wall that gary gensler is there and he's more crypto friendly so in a move that may give seasoned investors flashbacks to 2018 valkyrie digital assets is the latest asset management firm to file a registration with the sec to form a bitcoin etf a bid that joins a crowded field of prospective fund managers looking to capitalize on renewed retail interest in cryptocurrencies filed on friday the texas-based family investment fund proposed listing the valkyrie bitcoin trust on the new york stock exchange the application did not include a possible tracking ticker so i do think this time around there's multiple factors why i think we could get the approval one better custody and even brian brooks at the lcc gave the banks the green light to custody crypto that's a big part of it the other aspect is we've seen nasdaq we've seen s p dow jones build their crypto indexes or indices where it provides pricing data aggregated and that's going to be shared with a lot of the wall street investment firms so two critical things to make sure you get accurate pricing in custody plus you have a guy who runs the sec who gets crypto all these things coupled together can you could see us get some approval for be a bunch of bitcoin etfs now remember van acked and a few other folks um directxion as well as gemini the winklevoss wins they all filed but got rejected and once again i think the roadblock there was jay clayton but if if this here might be an indication that they see gary gensler being pro-crypto we might get that approval if it happens this year oh my goodness the floodgates are going to open um i'm hoping it does because we are in a bull market cycle and if it happens this year oh man guys we're going to see a lot of money coming even more because you think about what's happening with grayscale people are using grayscale as kind of a pseudo etf in a way right because they custody they do the purchasing they make sure they have the proper pricing but it's one avenue only one avenue right through grayscale so uh if this happens we'll see more money flow into different institutions and it'll probably open up more avenues for money to come in from existing clientele with you know these institutions that might get approval so very bullish and i'm hoping fingers crossed the etf happens this year now remember what i've been talking about with influencers and celebrities and so forth well so soldier boy if i'm saying that right he's a hip-hop artist i think many of you may be familiar with him he has 5.2 million followers on twitter he's been talking about how he's buying bitcoin he even tweeted how do i purchase xrp because coinbase of course the list well stop trading xrp support for trading xrp and he was like honestly asking right and he's been talking about bitcoin and he has to follow bitcoin news and he wants to invest in bitcoin and he's doing all this tweeting it to 5.2 million people so he's not the only one we've covered many different other celebrities and you're going to see more of this you're going to see so many influences come on being like bitcoin or crypto or whatever right and they're getting the message out there they're building the awareness and this is how it spreads it's not just the billionaires on cnbc but it's the celebrities the the musical artists the athletes and so forth they're gonna talk about crypto and retail is gonna fumble in and that's why we are on the side of smart money my friends we went through the bear markets bought the dip we are sitting patiently and looking macro level right you got to look macro level remember this the previous cycle well this cycle as you can see already is going to be much bigger last time we capped out a near 20 000 in 2017 now look at it we're still early and we are at near 40 well we touched 41 000 now we're at 30 000.
so that's why people are complaining they don't have perspective they don't understand the market cycles 2013 and you know will run then the 2017 bull run now the 2021 bull run but if you were to transpose this of where we're at we're in january 2021 obviously that would put us in january of 2017. so we've got ways to go i've talked about it before this little pekin valley that's forming here is one of these little peaks and valleys that formed on the way up to the nineteen thousand whatever or near twenty thousand i know that's hard to comprehend sometimes but you got to zoom out and understand market cycles nothing goes up in a straight line it doesn't go like that right it goes up in peaks and valleys peaks and valleys and that's what's forming here my friends that is what's literally happening here so that's why sometimes it's important to just step away step away from the computer step away from the crypto market if bitcoin is just moving sideways now if you're a day trading this is good because you can short and long or whatever right um i don't day trade i swing trade over months and i'm primarily a hodler i'm holding bitcoin like i said you guys see my portfolio here i'm holding xrp bitcoin ethereum i got some chain link of course tazos v chain um i've been primarily accumulating um bitcoin in ethereum recently uh some chain link obviously you know the dips i i have stopped accumulating xrp to be fully transparent just because of the sec lawsuit but i'm still holding i haven't dumped anything i've been sold i know a lot of you know people ran and and that's okay you know that's what they want to do but i do believe uh ripple is going to come out successful but i'm also risk adverse i i'm not gonna be buying up something that is is under a lawsuit right now and i i bought my xrp dirt cheap so even if it goes to a dollar i am in serious uh profit zone right there serious and really nice return on in my investment um but bitcoin and ethereum chain link have been really carrying my portfolio for the most part guys i mean obviously bitcoin going to 30 41 000 i took some profits at 40 000.
i think many of you know about that i've been public about it on the channel as well as twitter uh my ethereum i have not sold any i'm i'm just holding an ethereum man yeah like i said i think you go to ten thousand dollars i didn't have any polka dot i wish i did i wish i did i have some cardano chain link no just a big winner in my portfolio right now so guys what do you think could chain link go to uh 30 soon and what do you think about the bitcoin etf think we can get an approval this year leave your thoughts and comments below hit the thumbs up button share this video and i'll talk to you all later you
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