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and there's every indication that nation states are embracing it uh Jerome Powell says it's a digital asset Christina Lagarde says is a digital asset uh the head of the SEC taught a class on it I think that people understand it's it's not a threat to the Dollar by the way what's going to happen is the US dollar is going to be the world Reserve currency and it's going to run on billions and billions of mobile devices and the digital asset that underlines underlies that currency is going to be Bitcoin Michael Saylor's telling you that Bitcoin is not a threat to the US dollar but instead Bitcoin is going to be embraced by the United States government and it's going to be the digital asset that backs the US dollar what's your take on this is Bitcoin going to be that Global Reserve I want to hear more from Michael Sayler you can check them out at sailor on Twitter as you see here he's still dcan dollar cost averaging into Bitcoin cryptocurrency with microstrategy now owning one out of every 150 Bitcoin that will ever exist definitely mind-blowing as far as what percentage that Michael Sandler will ever hold it's 0.667 percent that he'll ever hold of the Bitcoin existing Supply remember there's only 21 million Bitcoin and with some latest news JP Morgan CEO says that governments should seize private property to build wind and solar Farms this is legit news you see this right here the telegraph is reporting on this as well Jamie Diamond speaking on this Jamie Diamond saying that they should just seize all private property private Farmland any land that they deem necessary that they need to build solar and wind farms you should be sounding the alarm because you definitely don't know what to make of this but all in all this is definitely not a free state they can just come take your private prop but there's one piece of property that you can hold where nobody can take from you as long as you custody yourself and once again that's Bitcoin and with that what's happening crypto crew Sean's coming back at you with other cryptocurrency video we have a jam packed video today so getting straight to it an update from cryptocon for the past few weeks Bitcoin has been hovering around the range of 2 twenty eight thousand and the volatility has been reduced to a minimum so what he's saying here is if you look at you know the previous bear cycle in 2019 we bottomed out then we sort of trade it sideways before a blast up traded sideways blast up back in June of 2020 sideways blast up mind you this right here was after a having so we were getting the price of press regardless but we had this pull back in the bear Market this December of 2022 and April 2023 is more similar to these two price targets here back in 2019 so if history to any indication Will Blast up to over the thirty thousand dollar threshold how high will we go the time will tell Bitcoin Bros are probably saying between 40 and 50k before we have some type of cooldown and you see this here this 10 rule you see from 2017's Peak you got the 0.5 pullback at the Fibonacci extension and then the extension above that to that 10 and if we hit that again when we come up here that'll take us if we zoom into the price action that'll take us once again between that 40 and 50 000 threshold so all in all Bitcoin and crypto is definitely looking bullish take a look at the Bitcoin price chart there's a lot going on there's a lot to see here the red lines here they denote macro horizontal support and resistance this orange line here is Bitcoin forming a new bottom and then putting in higher lows and higher lows and then we see this downwards resistance level that we broke out of this is just a few things to make take in mind we've showed you this we see an inverse Head and Shoulders pattern playing out technical Target is up to this horizontal support around that forty two thousand dollar threshold that's something to definitely keep in mind now how's it going to look for Bitcoin to get back up up there and how soon can we make it there and so if we look at this macro support right here the latest it will take is November of this year November of 2023 but if we break through this 28.5 to 29 000 threshold there's going to be a major run-up to this technical Target up here because there's no Confluence here there's not much traffic here looking back at the charts so keep this in mind all in all that forty thousand dollar plus threshold could be what's next in the cards for Bitcoin and crypto now before we leave Lynette Zhang for those that know her she has been heavily into the gold markets over the past few decades she hasn't been that favorable of Bitcoin but Lynette is changing her tone so with that let's hear what she has to say in her previous interview with Stansberry Research I with Bitcoin is simply that I only see its functionality in one place and nobody has been able to expand that so in other words what what I think is really good about Bitcoin is you can hold a lot of them on a little thumb drive and stick it in your pocket and go anywhere in the world I think that is a great Advantage but I don't see any other functionality for Bitcoin whereas with gold and silver as well physical not digital physical it's used in every single sector of the global economy so therefore it has this broad base of functionality I mean it's used in it's used in the financial system but it's also used in medicine and electronics and space travel and art and food you know Etc and more so when I'm going into a fight I want something that has the most function I don't want to go in with the teeny weeny little Swiss army knife I want to go in with a bazooka and a Canon and a tank and and so for me that's the difference between the two but if anybody can show me other functions because I can buy that eight million dollar coin and take it anywhere in the world too so I can move a lot of wealth in a small package maybe not as much as Bitcoin I mean it kind of depends but um I just you know please if I saw it as a tool of barter if I sought in different functions then I would feel better about it because I do think some are going to survive and and Wall Street is really adopting Bitcoin that could very well be the one that survives but I don't think it takes you out outside of the system and there you have it from Lynette Zhang and as you see she's saying that Wall Street has adopted Bitcoin and that she believes that Bitcoin could be the one that survived this is definitely a tone change and she's showing that Bitcoin does have some value she's telling you that you can actually move more Bitcoin around easier than what you can do gold think about it if you have a million dollars worth of gold coins and a million dollars worth of bitcoin and you have to move from one country to the next what's going to be easier to move with you it's a no-brainer and with that I'm showing off the Bitcoin Bros you guys like this content go ahead and smash the like button if you haven't subscribed to the channel go ahead and show us some love we appreciate the support with that that's all I have for you today I'm out foreign
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