원문 보기
welcome back ladies and gentlemen on this triumphant Tuesday for what is going to be nothing short of another jam-packed daily market update and we do have some interesting things to share with you indeed during the course of this one and for those of you that are new to the channel every single day around 1 pm.
UK time we drop an update just like this one to help you guys stay up to date with the latest and greatest things happening within the crypto space but also the broader markets I'm going to be predominantly focusing on the crypto space during the course of this daily market update but to give you guys a comment on the broader markets I want to highlight that it is earning season so that means that companies are reporting on their earnings for Q3 um this is going to of course add a little bit of volatility into the market I know Erikson did very well today it's majorly big Banks this week and then next week you got things like Tesla and all these other things um but why I've started with this is not only to let people know that that's what's going on right now so you might see some sort of volatility as a result of it I think those earnings are going to be more positive than what we've previously seen perhaps um just like we're getting more positive economic data remember don't think a recession is here or really in the sort of shorter term but why I've started with that is because where I want to start this video off remember this is goingon to be quite crypto specific is with a um earnings call from Black Rock and Larry think of course gave this earnings call and we're going to be looking at a tweet from Eric balunis which has within it the quote of Larry think in regards to him saying Bitcoin is an asset class within itself how he's talking with Worldwide institutions about allocation and the further allocation of crypto how digital assets remind him of the early days of the mortgage markets uh1 trillion now what he's talking about here isn't mortgages themselves but the the marketization of them just like what's currently happening is the marketization or the derivatization of the cryptocurrency space or the monetization I should say from Wall Street and of course Larry think very much leading the charge here um and he talks about how you know his views on C and how that will affect things the adoption he talks about ethereum and the dramatic increase that it's going to see he talks about stable coins he talks about Ai and other things so this is really where I start I've not seen anybody else covering this um but this is interesting and and it's good for us you know we look at Price action we talk about this cycle and things like this but underpinning all of this there's a fundamental change to the world that distributed ledgers are truly bringing later on today I'm interviewing somebody that helped get Android to a billion users Now Android and the blockchain or a layer one is very similar in regards to a billion people are going to use probably multiple blockchains without even knowing or or really giving too much of a thought about the technology behind it but we we we'll go more into that when of course the interview is released so we'll be starting the video off there then we're going to be talking about Bitcoins on exchanges we're going to be looking at the correlation with price we're going to be doing some interesting things in regards talking about what's happening right now okay we have the harving Bitcoin moves in this kind of four-year Cycle Theory that's centered around the Haring it also aligns with global liquidity indexes and Cycles business Cycles did Satoshi know about this potentially and is that why he chose that date potentially very interesting concept remember I don't believe the Satoshi story I think it that you know there's more nefarious intent behind uh Bitcoin to sort of move us onto This One World Currency and to get us familiar with that idea and um I I can see comparables in regards to the Federal Reserve Act and Bitcoin and people think that's crazy well first of all if you're going to make that comment you better know how we ended up with the Federal Reserve um and and and don't be so close-minded in the sense that okay how we ended up with the Federal Reserve was and and and there was this idea to consolidate banking in certain Nations the us being the the example here and they did that through the Federal Reserve Act it first went through as The Aldrich Bill and then they played the opposition said okay we're going to put in the hands of the people through the government even though it was um not for the people's benefits but potentially for and we've seen the the result of that in regards to the devaluation of currency that we work so hard for um they're very much playing the good guy card with Bitcoin although it might be to fulfill agendas from the bad guy I don't know we just speculation there then we're going to talk about some price action of course um Bitcoin very much seems to be coming out of its pullback that it's been in since March this is really going to see the altcoin market accelerate we're seeing great things when it comes to the altcoin space we looked at I think it was 13 14 or 15 different altcoins yesterday that all have falling wedges Tex falling wedges that are all going to catapult to the upside Bitcoin coming off a little bit today however I do think you're going to see that acceleration then we're going to look at ethereum in the S&P so without further Ado let's dive into this tweet this is Eric ban Junes he says here's a full Larry quote on bitcoin digital assets from the Q3 earnings call he says Bitcoin asset class is in itself so it's an asset class in itself uh they're talking with institutions worldwide about allocation digital assets remind him of the early days of the mortgage market now $1 trillion and POTUS won't make a difference so he's talking about the election there let's dive into this so this is from Larry thinkink himself well first I'm not sure if either president or other candidate would make a difference so he's talking about the Trump Harris debate right now who's better for crypto my personal opinion is Trump is um but Harris has came out very sort of forthcoming whether that's and it probably most likely is because it's politics an act or not is is is is still to be sort of seen do they follow through on that depending on who wins um I do believe the utilization of digital assets are going to become more and more of a reality worldwide bullish conversations we're having with institutions worldwide conversations about how should they think about digital assets what type of asset allocation there should be I mean we believe Bitcoin is an asset class in itself it is an alternative to other Commodities like gold and so I think the application of this form of investment will be expanded to the role of ethereum interesting as a blockchain that can grow dramatically excuse me so if we can create more accessibility um acceptability sorry more transparency more analytic related to these assets then we will be expanded very interesting so very bullish on ethereum but I truly don't believe it's a fol function of regulation of more regulation less regulation I think it's a function of liquidity remember you know and this is why we cover the broader markets in these daily Market updates because they're relevant and and markets really are a function of liquidity money um and I don't want to go expand on that too much but Bitcoin is the most correlated asset to liquidity altcoins are going to hyper uh sort of um correlate obviously to bitcoin and liquidity transparency um and then through that process no different than when you years ago when we started the mortgage Market uh years ago when the high yield Market occurred started off very slow but it built as we built better analytics and data and then through better analytics and data more acceptance and a broading of the market and I truly believe we will see a broadening of the market of the digital assets we talking about more not just Bitcoin ethereum but the space more broadly and then we'll see how does each and every country look at their own digital currency this is interesting now he's talking about stable coin talking about CBC remember we're very bullish on xrp and ripple and for this Factor alone so he's really covered the the space more broadly and I think he's he's putting forward some very bullish views on it um that's a different asset than a Bitcoin in itself uh but I do believe that we're going to witness as we build out better analytics and then the question is as you mentioned Rel regulations how do we see in this country the role of a digitalized uh of digitalizing the dollar this is going to come ladies and gentlemen I don't think it's going to be necessarily in the form of the FED doing it but more other companies um and ultimately furthering the Dollar's dominance through that I I'm now a believer that crypto isn't going to replace the current monetary system it's going to uh revolutionize it and work with it um and what role does that play uh that's a very different question related to let's say Bitcoin and other items like that uh but all of that is going to be under discussion and what we are witnessing in other countries we're seeing big success in India in Brazil in digitization of their currency of various different reasons but we believe the technology of these blockchains are going to become very additive and then you will overlay Ai and having better data analytics and applicability and the broadening of these markets will occur very George orwellian and dystopian in my opinion what he's talking about there he's talking about how I'm I'm very skeptical on bitcoin's Origins and and and the introduction of blockchain Technology even though I'm a believer of it my entire sort of life is revolves around it um I I can't help but question it but this was good I don't I haven't seen anybody else covering this this is Larry thinks Q3 earnings report or call and ethereum Bitcoin sent you know front and center stage this is absolutely fantastic what I want to do now is dive over to some more fundamental news this is or or onchain news I should say this is Bitcoin in regards to exchange reserves and you can see the correlation here when there's a lot of Bitcoin on exchanges or when there's an influx of Bitcoin on exchanges the price is typically going down and that could be quite explainable in the sense that well people are selling so they're they're putting it back onto exchanges um there's also an element of harving here and the supply crunch that that's caused and Bitcoin moves in these fouryear Cycles again align with business Cycles Global liquidity Cycles etc etc did Satoshi know about this when he sort of figured out what date he was going to put it on and again I don't believe in the Satoshi story so I think undoubtedly whoever came up with it is very smart um but you can see in regards to sort of current Reserve ratios we're at a kind of low point and during this pullback that we've been in since March we know that large Wales we know that the ETFs have just accumulated accumulated accumulated mean meanwhile what's retail sentiment been Doom and Gloom you know oh I can't stand this anymore another low another and in the altcoin market they've just got thrashed but they will excel to more of a degree when Bitcoin really raises it head and I don't think you're too far off that at all ladies and gentlemen this is just a pullback in what is a broader Trend it's not going to be long before you start to see all-time highs remember we have that smaller pattern that takes us there that we looked at going into fomc and there's lots of broader Confluence in regards to the direction we think Bitcoin and crypto is going in we saw some great moves from some of the sort of crypto stocks certainly that Mining stock that we have in the patreon is doing very very well also things like coinbase doing spectacularly we looked at go and look at last night's video we looked at 14 altcoins for nothing else other than to see the positioning of the altcoin sector whether that's from a sort of Market Mastery point of view or whether that's from a sort of individual pattern point of view and what that's now predicting we've got a lot of Confluence in regards to the direct Bitcoin whether it's the fact that it's in an uptrend you have been in one since January which is when we got back into the market whether it's this inverse Head and Shoulders whether it's this bull flag whether it's this sort of cup and handle pattern Bitcoin is on a broader trajectory we've shown you what bitcoin's trajectory really is going to look like it's going to look like Microsoft it's going to look like um what's another one here the Dax the dax's making its Target here is Bitcoin making 150k you see bitcoin's in this stage here it's going to look like vanex semiconductors just to show you that it's not good to our 1 to 100x challenge this is the road Bitcoin has ahead of it and there's technical patterns that take you there you know talking about Bitcoin equities this is Iris energy um one that we certainly look at and have a technical Target for um lots of small cap stocks actually look like well but that's for another video so so so Bitcoin looks great you know you got the likes of fundamentally there's something really Sensational going on here with this this space blockchains are very much going to be again I'm interviewing somebody that took Android into a billion users blockchains will have billions of users also and we won't even know it it's a technology that's going to sort of evolve the world in in in more ways than one and and we get to be early speculators on that and that's why this channel exists ethereum looks great ethereum's just really following the same road map that we had set out and we were looking at for the S&P S&P of course went on and made a high yesterday ethereum's on a similar trajectory this is very common you got your phase one base you break out your retest and then that continuation get ready for what's coming guys um because if you can take advantage and play this sort of Market cycle right you're going to change your life truly truly truly I believe that and on that positive note I want to love and leave you I want to say a massive thank you to each and every one of you for uh watching we do apologize for the slight different um sort of camera angle however we'll be back to normal tomorrow that's it for me ladies and gentlemen I'm going to love and leave you on that note thanks for watching see you all in the next one
Comments 0