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B M N R $21,000. Yes, this is a fresh leak from a new podcast where Tom Lee said, "What is the short-term and long-term future of Ethereum and why?" And all this and much more— biggest B M N R show on the planet. My name is Danny, I've been doing this on YouTube for a few years now, trying to find stocks to invest in, averaging positions, and talking about it every day .
So a lot of time, money, and effort from the team has been invested in these videos. I would appreciate it if you subscribe, like , and maybe share with other B M N R fans or people who want to learn about the stock market, because my goal is to educate and entertain you for free. And if this is interesting, then maybe you will become one of my followers in the future, like those who previously invested with me in Tesla and are now buying houses or apartments thanks to this journey, right?
And we never advertise anything on this trip. Crypto exchanges, crypto companies, financial institutions come to us every day and say: "Hey, for $50,000, advertise our product, our business." And we answer: "No , because we have our own extendedtrading.com." My vision 5 years ago, and now we have over 500 members, was to show that short-term investing can be done by others for you—just like you go to a lawyer for your legal matters or a doctor when you need medical attention, right?
You can turn to a professional and he will do everything for you— this is the goal and vision of extendedtrend.com, so we have our own autopilot software that you just turn on and we do everything for you. Then we launch the second product, so now you get double the value: we have already increased the account from $13,000 to $150,000, and you can see all the trades on a live account.
And then we want to bring this number to 10 million with you; you can study, you can call—it's amazing how much value you get, which is why this is our biggest growth for September in the last 4 days. Go to the website, sign up for the call before we raise the entry fee, this is your last chance. Now let's dive into today's vlog, because Tom Lee, how many times has he been there and said, " Hey, you know what?
I think the price is going to go up to $50,000, $60,000, $100,000, and so on. But if you look back, like, 8 years ago, Tom Lee was on CNBC and said, 'You should be putting at least 1-3% of your portfolio in Bitcoin.'" And everybody knows that Bitcoin is a scam, Bitcoin doesn't work," and it went from $1,000 to $130,000, right?
So maybe you should have listened to that long-term forecast. He just recorded a new podcast now, and I was trying to find a little bit of new nuance or news there that would help me better understand the story of BMNR. So Tom Lee gives us a long-term and short-term target for Ethereum, and therefore for BMNR.
You look at where we are in the markets right now, and why, I know you've seen Ethereum higher recently during this rally, but I think it was 60,000, which is what we talked about in terms of Tommy's price target for ETH last year. What is it now, when you evaluate everything that we've discussed and really extrapolate to the short- term, where do you think we can go?
Yeah, with pleasure. I think last year, if I mentioned ETH at 60, I don't think that was a 12-month target price. Yeah, it wasn't. Yeah. And, you know, I think ETH has been consolidating . I mean, for 5 years, right? It's been in a range. And now, as I look ahead, I think the opportunity set is much stronger.
I mean, not that much, great, you know? There 's still a very large, dedicated community supporting Ethereum. But the opportunity set is much larger, and I think at least we're seeing financial institutions looking at blockchains and L1 to really work or even understand them, I think Ethereum is really standing out.
I mean, it's, I mean, zero downtime , widely, widely, widely used, very secure. And so I think if we make a measured move, you know, how has Ethereum performed? The last big breakout was after the 2018 bear market, and then the breakout in 2021, and that there was a 17x increase for Ethereum. You know, could Ethereum go 10-12x higher than its previous highs of 5,000?
I think it's quite possible. And, you know, that would put us back up to 60,000. So I think that's still a reasonable view of where Ethereum could be in a couple of years. But in the near term, do you think the old highs are going to be any resistance? I mean, psychologically , yes, but do I think Ethereum can hit all-time highs this year?
Oh, absolutely. So I think 3,000 in the near term is quite logical, and then well above 5,000 by the end of the year is quite logical. And of course, I think it's going to be a pretty terrible crypto bull market. So I think we're still early in the game, and crypto could go up a lot. Maybe one of the best ways is to me, it's not...
let's say it's like 2019 or 2023. And I would say, compared to those two periods, cryptocurrency has already made a big jump, for example, Ethereum from 1,500 to 2,800. I think it was met with almost complete silence. In fact, I hear more about the big players taking significant losses because they were bearish on this move.
So I think it's the exact opposite, because many believe that the final lows will be reached in early October, because that's consistent with crypto winter and the four-year bull market cycle. So, of course, that was interesting, and I think it's worth delving into , because you don't have to convince us.
We have a lot of people who have agreed to invest our membership fees in ETH. But for those who are listening and don't share that view, your arguments, definitely taken into account. But I think another interesting thing in this cycle, besides Lighter and a few other projects, we just saw Vitalik talk about the L1 prediction market.
And while we've heard a lot about Ethereum's second-layer solution, it seems like there's more action happening and maybe more priority being given to Ethereum itself. Um, I don't know if that's a key element that we're just paying attention to because we're here or if there's something else that you've noticed that's important in this cycle.
Mhm. Well, I think Vitalik has been consistent, you know, he's kind of revisiting the role of L2 solutions, and I think he's very supportive of them. Um, because he thinks it's important that they offer a different function, you know, that they're not just , well, faster. So the idea of building more things on L1 makes a lot of sense, especially given the path of future updates and what's expected.
But I don't think that means that L2, even existing ones, lose their usefulness. I think that during a bear market, there's a lot of blurred narratives and information noise. You know, in this crypto market, people start complaining about gas fees being too low or that something looks attractive only because of the cash flow model.
To me, that's all just bear market talk, and I think as we enter a bull market, you know, the best evidence is what macro asset has been the best performer since June 30th ? It's, you know, Ethereum, by a huge margin. So I don't think people necessarily have any very categorical and unified opinion on how Ethereum is going to perform.
Yeah. Well, I mean, I think, again , to step back a little bit and think about what you're seeing from a macro perspective. It was really interesting to make different assumptions about the Fed cutting interest rates, the first we've seen since 2023, and also So, as you can see, he thinks $60,000 is easily achievable over the next few years.
And at the end of the year, the beginning of the next, he's leaning more towards the all-time highs of somewhere between $ 5,000 and $7,500. Now, what does that mean for Bitmain, okay ? The question is not how much Ethereum is worth. The question is what is the MNAV going to be , okay? So if Ethereum, for example, doubles from here, right?
We're going to be somewhere around $50 or maybe $55 a share of Bitmain. And the MNAV is 1.0. So imagine the MNAV at that growth, and people, you know, are hunting these companies, MicroStrategy, BMNR, and the whole crypto market in general, Coinbase, Circle, and all the others. I don't even know how many big crypto companies are there right now, Riot, what else?
MSTR, for sure, but I'm just thinking about S-Bet, maybe, right? So people are just going to go crazy for these crypto names, right? And then of course MNAV will go up. And let's say MNAV goes to, well, let's say two. We're just going to go crazy, right? And it goes to two. Remember, in the history of MSTR, there was an MNAV that was even four, right?
Just incredible. So imagine that we basically go to 5,000 and MNAF goes to 1.5, right? So we're not going to be sitting at $55 in Bitmain. We're going to be at $75, $80 in Bitmain by the end of the year, okay? That would be pretty cool. But imagine that we actually get to those levels that, you know, Tom Lee is talking about, right?
$ 60,000, $75,000, $100,000 in Ethereum, and that, of course, gets us closer to the $ 1,000 goal in Bitmain, and MNAF is always going to be a major key feature and the main, let's say , variable for BM and R. And when this MNAF expands, it actually does so during a huge and rapid rally, right? We've seen a little bit of that now, when MNAF went from 0.9 to over one, where they were able to raise funds again.
So you can see these rapid rallies. They help. Rallies generally always help Bitmain. So let me know what you're doing with your Bitmain. Are you ready for $1,000? Can you wait for $ 1,000? Can you wait three, four, five years? Or are you, you know, just a coward ? And you're giving up because B and R went down 50%, you know?
So I hope you're not a coward, okay? If you're a coward, you shouldn't follow the wolf, because the wolf is not for cowards, you know? So don't forget to check out instantdaytrader.com, and I'll see you tomorrow without any cowards, okay? Bye date.
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