BITCOIN AND CRYPTO MARKET DOWN. DON'T PANIC. WATCH THIS & REMEMBER.

Digital Asset News
17 Jun 202410:37

Summary

TLDRIn this pre-recorded digital asset news update, the host discusses recent political developments, including President Biden's attendance at a Bitcoin Round Table and Donald Trump's support for crypto, emphasizing the potential of Bitcoin mining in the US. Despite market fluctuations and external uncertainties, the host highlights historical patterns suggesting a bullish trend in 2025. He advises viewers on accumulation strategies and the importance of taking profits, referencing past market recoveries post-COVID-19 as a reminder of crypto's resilience.

Takeaways

  • 🏠 The speaker is currently in Puerto Rico, dealing with house renovations and unstable Wi-Fi, which is why the usual live stream is pre-recorded.
  • 📧 There was a leak about President Biden's administration attending a Bitcoin and crypto Round Table in DC in July, focusing on Bitcoin mining.
  • 🤝 Former President Donald Trump supports crypto and has met with Bitcoin miners, suggesting that all future Bitcoin should be mined in the U.S.
  • 🤔 The speaker is skeptical about politicians fulfilling promises but acknowledges the meeting as a positive step.
  • 💼 The Bitcoin mining coalition includes representatives from major companies like Riot, Marathon, Tera Wolf, and Clean Spark.
  • 📊 The speaker discusses the current market situation, with a market cap of 2.5 trillion and a downward trend in prices, attributing it to more sellers than buyers.
  • 📉 Bitcoin's price has dropped significantly in the last 24 hours, and the speaker notes that the long-term trend over a year still shows growth.
  • 🔄 The speaker believes in the four-year cycles of Bitcoin's price, suggesting that we might see an all-time high in 2025 after a dip and reset in 2022.
  • 📈 Historical data is cited to show that after reaching an all-time high, the market often experiences a period of sideways movement before a significant bullish trend.
  • 📊 The speaker emphasizes the importance of taking profits, especially during bearish trends, using personal examples from past dates.
  • 👍 The video concludes with a reminder to consider the speaker's advice, watch related videos for more insights, and the importance of making informed decisions in the market.

Q & A

  • Why is the speaker pre-recording the video instead of doing a live stream?

    -The speaker is pre-recording the video because they have been moving around a lot in Puerto Rico due to house renovations and staying in Airbnbs with unstable Wi-Fi.

  • What significant event is mentioned regarding President Joe Biden and cryptocurrency?

    -There was a leak of emails indicating that President Joe Biden's administration will be attending a Bitcoin and crypto Round Table in DC in July, focusing on Bitcoin mining.

  • What did Donald Trump reportedly say in a closed-door meeting with Bitcoin miners?

    -Donald Trump reportedly said that Bitcoin can help win the AI arms race and that all future Bitcoin should be mined in the United States.

  • Which Bitcoin mining companies were represented in the meeting with Donald Trump?

    -Representatives from Riot, Marathon, Tera Wolf, Clean Spark, and several other Bitcoin miners were included in the meeting.

  • What political figure is the speaker suggesting viewers support with a link in the description?

    -The speaker is suggesting viewers support John Deon, who is running a campaign against Elizabeth Warren in Massachusetts.

  • What is the current market cap of the cryptocurrency market according to the speaker?

    -The current market cap of the cryptocurrency market is around 2.5 trillion.

  • What are some of the geopolitical concerns mentioned that might be affecting the cryptocurrency market?

    -The speaker mentions potential wars and the presence of the Russian Navy's nuclear submarines near Cuba as geopolitical concerns affecting the market.

  • What is the speaker's view on the current state of the cryptocurrency market?

    -The speaker views the current state as a 'red day' and a good opportunity for accumulation, but acknowledges that it might be stressful for some.

  • What historical pattern does the speaker refer to when discussing the cryptocurrency market cycles?

    -The speaker refers to a four-year cycle pattern in the cryptocurrency market, with all-time highs followed by dips and resets.

  • What advice does the speaker give regarding taking profits in the cryptocurrency market?

    -The speaker advises to take profits during the bearish trend and sentiment, emphasizing the importance of not expecting the market to go up in a straight line.

  • What is the speaker's prediction for the cryptocurrency market in 2025?

    -The speaker predicts that there will be monster bullish moves in 2025, but also acknowledges that they could be wrong.

Outlines

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Transcripts

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Ähnliche Tags
Crypto NewsBitcoin MiningPolitical ImpactMarket AnalysisInvestment AdviceBearish TrendPuerto RicoPre-recordedPortfolio ManagementCrypto CyclesRisk Management
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