đŠBTC Apex Predator! Everyone FOMOing - New ATH soonđ
Summary
TLDRThe video discusses the current bitcoin market, analyzing trends like the massive inflows into bitcoin ETFs which are correlating with future price increases. It highlights bitcoin achieving all-time highs in over 25 currencies as fiat currencies weaken globally. The host stresses being patient, avoiding trying to time the market during this period, and not listening to naysayers. Overall an extremely bullish analysis of bitcoin's price trajectory leading up to the 2024 halving event, predicting over $300k per bitcoin.
Takeaways
- đČ Justin Blackrock's Bitcoin ETF took in $520 million in a day, the 2nd biggest inflow ever for an ETF
- đ Bitcoin is testing all-time highs before the halving for the first time in history
- đ° Bitcoin's market cap surpassed Canada and Australia's M1 money supply
- đ Bitcoin added $800 billion in market cap since early 2023
- đ Evidence suggests Jeff Bezos may be diversifying into Bitcoin
- đ Arc Invest integrated proof of reserves for its Bitcoin ETF
- đ Politicians like Elizabeth Warren try to limit investment choice
- đ Bitcoin ETF volumes broke records, outpacing S&P 500 and QQQ ETFs
- đ Bitcoin is still early in the current cycle per on-chain metrics
- đĄ MicroStrategy hitting $1,000 per share puts it on track to join S&P 500
Q & A
What was noteworthy about the inflows into the Bitcoin ETF?
-The Bitcoin ETF received over $520 million in one day, making it the second largest inflow ever for any ETF.
How much Bitcoin do the new ETFs hold so far?
-The nine new Bitcoin ETFs hold over 312,000 bitcoin already.
What happens with the money that flows into the ETFs?
-The money that flows into the ETFs is used to purchase bitcoin the next day, due to the T+1 settlement time.
What was the impact of Coinbase having an outage?
-When Coinbase went down, bitcoin price swung violently from $64,000 down to around $58,000 in minutes.
What is the market cap milestone that Bitcoin just reached?
-Bitcoin surpassed $1.2 trillion in market capitalization.
How much has MicroStrategy stock increased recently?
-MicroStrategy stock hit $1000, up massively as it closes in on a top 500 market cap ranking.
What was the previous monthly closing high for Bitcoin?
-$61,357. Bitcoin is now above $61,500, ensuring a new monthly closing high.
Where are we on the Bitcoin 'banana' market cycle chart?
-We are still very early, just peeling back the first tip of the banana.
What are the next key Bitcoin price levels indicated?
-$71,000, just above the previous all time high, as the next target.
Why did some Bitcoin mining stocks fall sharply today?
-Investors worried miners don't have enough modern rigs for after the halving caused the sell off.
Outlines
đ Intro and disclaimer
Introduces the excitement and warnings around Bitcoin. Mentions reaching all time highs before the halving, the video will convince you it's a special time, and warns to be careful who you listen to regarding Bitcoin advice.
đČ Bitcoin price prediction was only off by 2 days
His Bitcoin price prediction to reach $62k in 11 days was off by only 2 days and $2k in price. The math works to predict Bitcoin's price. Other large buyers beyond ETFs are entering like Mr. 100 who makes large consistent purchases.
đ€ Bitcoin outpacing countries' money supply
Bitcoin's market cap has quickly surpassed the M1 money supply of both Canada and Australia. It's now in the top 10 assets globally. Also, Bitcoin is at all time highs measured in all global currencies as they weaken against Bitcoin.
đ Don't listen to foolish Bitcoin price predictions
Shows Jim Kramer and Peter Schiff making foolish Bitcoin predictions. Explains why they are wrong and provides counter evidence. Stern warning not to listen to these Bitcoin liars.
đ€ Politicians limiting Bitcoin investments
Calls out Elizabeth Warren and Gary Gensler for trying to limit public access and investments into Bitcoin. Bitcoin is up 175% in the last year, so the politicians are not representing retail investors.
đ Bitcoin milestone metrics
Bitcoin added $800 billion in market cap since 2023 to reach $1.2 trillion total now. It's the 10th largest asset globally. MicroStrategy also hit $1,000 per share putting their market cap at $15 billion.
đ On-chain data shows Bitcoin still early
On-chain data including MVRR shows Bitcoin is still early in its cycle. Explains the extreme importance of just being in Bitcoin for the short windows of top performing days versus trying to time entries and exits.
đ Bitcoin banana chart shows trajectory to $300k
Introduced first ever Bitcoin banana chart showing this bull cycle compared to past cycles, indicating a trajectory to $300k based on these patterns playing out similarly.
Mindmap
Keywords
đĄBitcoin
đĄETF
đĄHalving
đĄOn-chain data
đĄInstitutional investment
đĄRetail investors
đĄFUD
đĄAltcoins
đĄHave Nots
đĄFOMO
Highlights
Bitcoin ETF took in another $520 million yesterday, the second biggest inflow of any ETF ever in a day.
One person bought 700 Bitcoin, while only 900 daily Bitcoin are issued every day.
Bitcoin's market cap has now surpassed the M1 money supply of both Canada and Australia.
Rumor is Jeff Bezos split his stock into self-custody Bitcoin and BlackRock Bitcoin shares.
9 Bitcoin ETFs broke all-time high volume records already, with $2.6 billion traded.
There were more individual trades in Bitcoin ETFs yesterday than S&P 500 and QQQ ETFs.
Hedge funds are going heavy short on Bitcoin futures, jumping in front of the freight train.
In 6 weeks, S&P 500 is up 6% while one Bitcoin ETF is up 23%.
Bitcoin added $800 billion in market cap since start of 2023.
MicroStrategy stock hit $1000, nearing S&P 500 inclusion forcing buys.
We are following historical bull market banana pattern towards $300K+ Bitcoin.
Patience pays - those who waited after 2021 peak are doing very well now.
According to on-chain data, we are still early in Bitcoin bull market cycle.
Missing just 10 best days annually in Bitcoin can lead to huge opportunity cost.
When Jim Cramer talks Bitcoin, you know the Bitcoin moment has arrived.
Transcripts
hello gang what a day what a day this is
going to
be it's going to be an exciting video
but at the same time a warning all right
out there this is a serious time money
is
serious and some people are not taking
it seriously so let's not get Carri it
away we're still very early and beware
of who you listen to don't listen to
fools and tools all right very important
this will be the biggest Bitcoin video I
think I've ever done because there's so
much to understand so much to learn okay
and the last 48 hours was completely
insane so thank you all for coming let's
go uh as usual this is a Bitcoin only
pure Bitcoin remember we focus on where
the action is at and shout out to
everybody in patreon I got my patreon
mug here Sandra katea says I'm a
physician and now a patreon member
almost one month now and I've never felt
more comfortable in the last four years
wow thank you thank you so much as well
uh and remember to hide your surname uh
keep everything private as well so let's
go there's a playlist for all of these
updated every day and remember only 49
days to go to the having all right
that's not a lot of time and we've seen
how things move so fast and I did say on
DCA on Monday it looks like we're
definitely going to hit the all-time
high before the having and wow what just
happened this is some perspective here
let this sink in Bitcoin is nearly
testing all times alltime highs before
the having this has never happened in
history all right never happened in
history this asset is hard the money
flowing in is out of control oh God the
Australians are up too hey Andy thank
you for coming it's what I've been
saying this time is different this time
is nuts and I'm going to share with you
so many data points that will convince
you that is a special time so hold on
tight first of all this is crazy and sad
and I hate when people miss out shout
out to Sanjay as well who shared this um
his captions not mine but it is a huge
swath of the United States of America
missing out you can see
the interest in the sub regions of the
states and I'm sure we could do this for
every part of the world but just this
just shows you that very few know what's
going on all right the top places right
now New York New Jersey Connecticut
Florida California Washington State
Texas that's it the rest of the country
is blissfully ignorant of what's
happening right now your job is to tell
them it's not too late all right this is
a changing time and I will show you ex
exactly why with the following let me
see I don't even know how many slides we
have today 54 nuggets it's a monster it
took me all morning and I haven't slept
in two days so if I screw up don't hate
on me too much so first of all the fster
is Justin black rocks Bitcoin ETF took
in another $520 million yesterday one
ETF the biggest inflow for a bit ETF
ever the second biggest inflow of any
ETF
ever in a day you get that I'll repeat
it the second biggest inflow of any ETF
yesterday they now have 8 billion in
assets and it's not top 5% among all
ETFs and we're only 32 days in it's
absolutely mindboggling way beyond my
expectations and I was very bullish in
addition remember everybody the t+1 I
spent a lot of time talking about the t+
one they take in the money people buy
the shares and then at night time
sometimes a day later they've got to buy
the Bitcoin all right so what you see
today happens
tomorrow get that so it's it's almost
too crazy so this is from pleb
statistics uh done by a fund manager and
they looked at the relationship the
correlation between bitcoin price versus
BT Bitcoin ETF buying and selling and
you can see the correlation is 4692
which is very very correlated but the
point is if you look at the relationship
between us spot Bitcoin ETFs and the
Bitcoin price action it's different from
what you expect and the bigger the
inflow today the bigger the price
increase tomorrow all right as I've been
saying since the beginning t+ one is
time plus one day all right remember
that and there
people people see huge volumes and stuff
they think oh it's a top it's like no no
you got to add a massive massive time
factor in there too in addition my math
works I was off by two days um we were
stable for quite a while I made a video
13 14 days ago that uh we would hit
62,000 in 11 days if history repeats and
we hit 64,000 today so I
was 2,000 2,000 lower than expectations
and two late so sorry about that but
it's bloody good I was impressed anyway
the math works okay the the stuff we do
is we analyze all the data all the money
flow all the onchain data all the
scarcity and we come to conclusions like
this okay very important in addition
it's not just the ETFs buying I've been
talking to Mr Mr Mr 100 and hle 15 for
the longest time all right this guy goes
into high gear all of a sudden you can
can see he normally buys 100 Bitcoin
three times a day but guess what he
did today guess what he
did anybody all right I'll repeat this
this whoever this is we're not sure
they've they're now the 15th maybe the
14th biggest wallet now they buy 300
Bitcoin every single day like clockwork
no matter what the price it doesn't
matter they don't care but while you
were sleeping one person Mr 100 bought
700 Bitcoin and only 900 daily Bitcoin
are issued every day okay this one
person bought seven nths of the daily
Supply before the other ETFs even have a
piece just the nine ETFs I'm talking
about too it's insane and a reminder of
the hardness everybody all right
yesterday Bitcoin purchased by ETFs
10,50 new Bitcoin produced by miners 900
and we are 32 days in 32 days let that
sink in So Exciting in addition is crazy
too uh Bitcoin used to be called Magic
internet money back in the day I thought
it was kind of funny but if you look
here never ever seen this Bitcoin versus
country M1 money supply bitcoin's market
cap has quickly surpassed the M1 now of
both Canada and Australia and this magic
internet money stuff called Bitcoin is
now in the top 10 a new record everybody
exciting times in addition uh all the
Fiats are collapsing we're making you
alltime highs every day in all countries
of the world ding-dong Vietnamese Dong
is now at an all-time high in terms of
Bitcoin so um you know Viet I call this
melting Ice Cube many people do as well
because this is what's happening I talk
about black holes all the time obsessed
with them and there's the the the other
black hole you know but there's another
one there's one sucking in all the Fiat
and that's the Bitcoin Fiat black hole
and what a beautiful
graphic
it's and again going back to the tragedy
all right going back to the tragedy one
more time so you can remind your
friends very few people are completely
oblivious to what's happening that's
just the United States and I'm
sure there's a huge swath of the planet
that's completely missing out on this
black hole okay your job is to try help
them and I know you may think it's too
late but it's never too late to get into
a hard asset and remember this time is
very different in addition
um people get annoyed when I say in
addition but it's kind of it's like and
there's more it's kind of part of the
fun thing that I do anyhow uh breaking
news Jeff Bezos is buying part two this
is from Marty party and I did cover this
about 10 days ago I said the funny
feeling that Jeff basos is selling stock
and he's investing in robots and he's
also buying Bitcoin kind of diversifying
his big amazon bag which is fair I think
he sold $ billion doll worth of Amazon
stock but the rumor is now from Marty
party he split his book store stock into
self- custody Bitcoin and black rock
Bitcoin shares and he has followed the
wallet and reported on its
existence that Jeff sold his stock and
the numbers match up okay great ride
turn selling of books into digital gold
but Amazon to to bitcoin 1.33 billion
and Amazon to ibit about three billion
and the other 100 million or so into
robots interesting allocation and we're
not saying it happened but it's a good
conversation starter and Marty party is
hunting evidence well Marty I got
something special for you you ready
check this out guess who's on boats
together with sailor Je Jeff Bezos he's
taking sexy selfies with the new fiance
Lauren Sanchez I think is her name on a
half a billion dollar super yacht so
we'll see hang mean I mean sailors
hanging out with David geffin Barry
Diller Michael
sailor and guess what they're talking
about Bitcoin now uh Kathy Woods she is
awesome um breaking news H and trust and
we love trust here and we love truth and
Trust the two T's but Kathy Woods Arc
invest has integrated proof of reserves
for its spot Bitcoin ETF so now you can
verify exactly what is in that ETF at
any given time which is awesome thank
you coach Casey H so kind of
you and I got to say it there's there's
more there's a hell of a lot more we're
not even we're not even a third of the
way through this journey everybody
breaking news as well shout out to the
team in the UK sorry about this this is
going to sound a little bit bad but it
has to be said too because we did speak
speak about this the Fiat black hole
Bitcoin sucking it in now JVS James V
Straton uh great follow on
Twitter he says Bitcoin is on the cusp
of breaking alltime highs in GB pesos
GBP is the symbol for British pound and
he calls them GB pesos uh and the key is
as well this is all happening while one
of the biggest UK financial service
companies is imploding called St James's
place again I'm sorry about all the
chaos and the UK and in Europe and other
places around the world but it's
happening everywhere at the same time
and again another fiat currency is about
to be smoked in a new Bitcoin alltime
High probably already has since I've
been talking as well crazy actually
while we're here let make sure we find
out what Bitcoin is doing 61,500 there
was a huge Interruption that interrupted
the price action I'll talk about that in
a minute too but that shouldn't derail
you everybody always keep your head out
the window look at what's going on in
the real world now
another piece of very exciting onchain
news uh we are now
already higher than the highest monthly
close okay 61357 we're at 615 as I speak
we are higher than this okay we just
need to stay up here for guess how many
more days tomorrow is the 21 29th
everybody be safe some people are
superstitious I believe the 29th on a
leap year can result in dangers so be
extra cautious tomorrow but be in the
markets of course as well uh in addition
uh we breaking new Bitcoin alltime highs
and a whole bunch of currencies this is
the top of the currency list over 20
maybe 25 maybe 30 have already been
Smoked by Bitcoin you got Japanese Yen
here number three smoked Norwegian Crona
smoked Turkish L smoked Swedish Kona
smoked uh British pound about to be
smoked um it's just happening so the
all-time Highs are just fit fast and
furious with to the stage and they're
falling fast in addition we did hit
$64,000 today briefly and then guess
what happened coin base broke and here
it is and I must say I had a mini heart
attack I wanted to trade something went
in to move some stuff around and Boom by
the way I only keep a little bit on
coinbase but it still is enough to give
a little heart attack when you go in and
you see your portfolio balance is
zero with all the talks of people kind
of been hacked and screwed it was enough
just to always have that shock to the
heart that nothing is safe or secure so
everybody button up your security that
is crazy now when Bitcoin broke the
market broke too we saw a the most
violent swing ever I was on the 30
second chart watching bitcoin price go
from 64 straight down to I think it hit
58 I one say
$6,000 in probably 2 minutes it was nuts
anyway that's the type of stuff as well
that messes people up too H especially
leverage Longs they get completely
crushed Joseph Samuel thank you so much
for coming now um in let me see back to
volumes very important smoking hot
volumes out there this is Eric belunas
we're only halfway through the trading
day and nine Bitcoin ETFs have already
broken their all-time highs 2.6 billion
remember volume translates directly to
buying okay I've been analyzing this for
32 days actually built a predictive
model that does it for me and when we
look at the numbers and this is taken
snapshot's taken about an hour ago we
have 60 million I've never seen more
than 42 million of volume for ibit we
have 60 million today and that's only
halfway through the day okay and
remember t+ one yeah the money comes in
they buy tomorrow or tonight so it could
be another third miraculous night we
could break a new alltime high tonight
based on this volume data and remember
this action this price action is
triggering global fomo all around the
world for those that are watching
markets speaking of foolishness and
fools uh this is a cool chart as well
from um into the block I think or crypto
Quant into the block it is uh anyway
it's from Jesse Myers and you know wait
this is you can look here look look
focus on the right look at the black
line they are hedge funds hedge funds
are going heavy heavy short Bitcoin
Futures all right they are shorting
Bitcoin like
idiots anybody who jumps in front of a
freight train as I call it during this
time cannot add two and two together and
doesn't understand how markets work all
right it's crazy people just looking for
their heads to be hand handed to them
literally and another wild statistic as
well retail fomo has just landed this is
a wild statistic and there were more
individual trades yesterday in the
Bitcoin ETFs than they were in the S&P
500 ETF and the QQQ ETF and this is
before they even have options or are
available on many advisory platforms big
retail component just came in all of a
sudden they are experiencing fomo as
well bigger than I estimated just so you
can see as well it's the the gold is the
sum of the nine new spot Bitcoin ETFs
blue is the S&P 500 and green is the
Invesco QQQ and it smoked them both also
a new
record can it get any better let's find
out uh let's look at this as well this
is what also getting attention from a
lot of people is not only has the
performance
smoked uh the traditional assets like
the I shares core S&P 500 ETF but I want
you to cast your eyes on this the total
asset Center Management in the S&P 500
ETF just from Black Rock is $443
billion I bit only has six billion right
now so the question
is is the six billion going to grow to
400 billion and even if it did were
there even be enough Bitcoin for them to
buy I doubt it and that's just one ETF
okay Futures bright in addition
performance the other thing that's
getting people's attention if you look
at the last six weeks okay not bad we
have the S&P 500 up 6% and anybody who
bought ibid is up
23% in six weeks that is that's like two
years of Returns on traditional markets
ladies and gentlemen and it's early days
yet uh in addition breaking news Bitcoin
added $800 billion market cap since 2023
this is from Czech M at glass node and
you probably won't believe it at first
but the market cap was only 320 billion
at the start of 2023 and since then it
hit 1.2 trillion over that right now and
it becomes of course the 10th largest
asset on Earth and next in the box is
meta and then silver and then up the
chain and meta and silver will be smoked
probably the next week or so I reckon in
addition be careful of advice again it's
very important to everybody in this
stage of your life remove all toxicity
from your world and remove negativity
from your world okay this is again
another Infamous tweet from Jim Kramer
it's unlikely that Bitcoin Finds Its
footing January
22nd okay can you imagine all the
people that he influenced to cell
Bitcoin just imagine he has quite a bit
of a
reach and speaking of more delusion as
well Peter Schiff the most likely
explanation for the weakness in Gold
stocks is that investors are selling
them to buy Bitcoin ETFs
instead by the way he's trying to make
an excuse for why gold is so weak and
why it sucks and that means Bitcoin has
basically become a bet against gold so
when gold inevitably breaks out the
money will buy gold stocks
to money to buy gold stocks will come
from Bitcoin
ETFs okay Peter you're a smart
man talking to you very seriously now
stop lying to people gold is dead it's
been replaced by digital gold all right
and the money going into ETFs will
probably never come out okay so stop
lying to people Stern words I'm tired
tired of these Liars speaking of liars
Elizabeth Warren chatted up by Metal Man
never forget Senator Warren wants the
government to decide for you which
categories of assets you will be
permitted to invest in and of course as
a trained lawyer from ruers I think in
Jersey the SCC go is wrong on the law
and wrong on the policy with respect to
bitcoin ETFs these are what they call
lawm makers who don't understand the
law again I'm tired of it tired so in
heated moment this morning I spent about
10 minutes trying to draw lines on a
chart and it's a new
indicator okay um remember the
politicians you pay for shout out to
Gary G and Elizabeth W for their
tireless efforts to keep us poor and
prevent us from grabbing onto the only
life raft we have Bitcoin up by the way
175% in less than a year so just
remember the
politicians okay they are not on your
side despite the fact that you pay for
them and they're supposed to represent
you shout out to the upand comer the
Challenger in Massachusetts whatever you
need buddy I'm here for you um in
addition the charts have been breaking
my screen this is from Moon Meow in the
community who sent this today at 8:17
a.m. and somebody had to do it and
literally I have to keep on adjusting my
charts so they can fit the candles in
and this is a good representation of
what we're talking about here and now we
are only 10% away from this new all-time
high and we did nearly give or take a
couple of hours $144,000 move from top
to bottom in 48 hours I always say risk
happens fast and this thing moves wow
and there's a lot more move to come you
know we've had we had A4
$4,500 candle after two $3,000 candles
all in three subsequent days
Bingo OCTA a week ago I said four
positive weeks in a row at this stage in
the market before having is an extremely
bullish sign and now we've got the ETFs
too Madness and and we got people
Muhammad delarian shout out to Muhammad
very good microeconomist but when people
like this start talking about biddy it's
like huh on the back of another price
surge this morning Bitcoin has reclaimed
its November 2021 level of $60,000 again
when guy like Muhammad posts about
Bitcoin you know the Bitcoin moment has
arrived
everybody he now puts this asset on the
radar of people that would never even
consider it that's magical um and micro
strategy hit $1,000 today hit actually
$1,000 and8 bucks and the big rumors are
coming because now they are ranked
number 471 in terms of market cap right
behind a company called William S n if
you want to buy a $100 pepper grinder
that's where you go by the way above
Transunion and United Airlines Etc and
that is a crazy move so the market cap
now is nearly $15 billion therefore S&P
500 has to welcome in micro strategy of
course it takes time it took them years
for them to do it for Tesla that's for
other reasons um but this this will be
big because this will force every single
person on the plan planet that owns
anything to do with the S&P 500 to buy
indirectly micro strategy shares which
of course will be part of that self
fulfilling prophecy that I've been
talking about for years right 1+ 1
equals 2 it's very simple now we're
going to get into the numbers and then
I'm going to get into a whole bunch of
charts afterward so I did tell you it's
a big one today so bear with me it's
just so much goodness going on this is
uh day 32 row numbers again it's getting
too small to see so you might not see
this chart anymore but trust me I have
all the numbers now let's look at the
macro view of where we are we can see
here ibit red biggest Day Ever probably
a bigger day today and that's just
what's happening also there was a lot of
dumpage from gbtc but that didn't matter
because Black Rock literally is taking
in five or six times of grayscale can
dish out just black rock okay that's
important to remember and let's look at
some more data we had the third best
money flow day from 32 days not the best
but the third best remember black Rock's
big sometimes the other ETFs take a
while to follow and we'll see in
addition Total Money Flow is up and to
the right that's the red line keeps on
going up and cumulative sorry cumulative
is red total is blue for the day and
again another big day also $17 billion
into new ETFs in 32 days you know this
not a big big deal what I do want to
point out though is these nine new ETFs
have 312,000 Bitcoin already 312,000
Bitcoin and they're growing very fast
Black Rock has nearly 140,000 Fidelity
has over 100,000 they have grown so fast
and they will be at a million Bitcoin in
a very short amount of time if they can
get their hands on it though that's the
caveat there and another view of the
world as well I want you to bear in mind
when you see this chart that as the
price of Bitcoin goes from say 40,000 up
to 57,000 up to
64,000 the ETFs spend more money but
they're not getting as much Bitcoin
because the price has gone up by like 20
30% so here despite this they still
sucked 10,05 Bitcoin from the system
remember it was easy to pull
13,496 in the system when the price is
40,000 it's different Kettle ofish right
now ladies and gentlemen and that's
important to bear in mind so welcome to
the new part of this video is chart time
people say they love the charts so let's
go let's look at a couple of uh onchain
ones first as well interesting Bitcoin
has only spent 30 days above
$61,000 and we're higher than that right
now uh again that is 30 over 5,000 days
approximately about 0.5 something perc
again closing Above This level and I
showed you before we've never had a
monthly close this high as where we are
now so it's basically a shoe in that
we're going to make a new alltime high
before the having pretty much guaranteed
in case anybody was
doubting it's crazy and
mvrv still early days yet so people who
think we're getting toppy no we're not
not even close and remember you've I've
made so many videos on being in the
market for the top days these are are
not times where you dabble or try to be
extra cute or smart you know where the
trajectory is going you be on the train
you strap in and you sit patiently don't
try and be cutesy with the market all
right it'll hand your head to you again
this shows you the impact of being in
the best 10 days each year versus not
all right so if we go back to 2013 it's
700% versus 500% if we look at say 20
uh
2014 just being in the market for 10
days you made 200 10 2011% if you
weren't in the market for those 10 days
you made minus 86% that is a tragic
difference 2018 you made 180% by being
in the market for 10 days you you lost
91% for not being in those markets I.E
if you're in the market for the other
355 days you get your butt handed to you
I said that like three times already
today I want to Hammer at home so you
don't screw up and you don't get cute
and you don't listen to people who don't
know what they're doing 2022 all right
10 days you make 157% if you're not in
if you're in the other 355 days you lose
86% everybody so far this year top 10
days you made 52% if you're not in for
those 10 days you lost 15% all right let
me know in the comments if I got that
point across do not try and be cute at
this stage of the game very serious I
see people doing it all the time it's
like no no no no no no no no don't now
my first ever banana chart never done
one of these before the B it's called
the Bitcoin banana Zone uh one banana
two banana three banana 4 adapted from
betel Julian and you can see the yellow
is the trajectory of where we're going
which looks very much like a banana now
the 2011 2012 cycle is on the left 2014
2016 second from the left
2018 2019 2020 is one from the right and
currently where we are in the banana
cycle which takes us north of
$300,000 in 2024 we have only just begun
remember the bananas and remember where
we are we near the little brown little
piece you peel back and in fact if
you've ever saw a monkey opening a
banana they do it from the other end the
humans do it shows you they're smarter
than us interesting tidbit anyhow um
Bitcoin patience here we are shout out
to everybody who is patient you can see
that we are now at the level we were
back in 2021 almost give or take and
those who were able to just hang in
there and wait they did very well
remember it takes patience to be in this
market don't try get cute all right now
let's look at the Lio Target where we
are today this is our layer in layer out
model with has all the key level levels
based on history and a whole bunch of
other formula in there to calculate
exactly where this puppy could go and
right now level 10 is at $
14,19 and this thing moves fast we're
heading to level s which is
$71,000 which is just above the all-time
high level seven Could Happen very
shortly very shortly and let's see
what's happening at bitcoin price H
61,000 again little bit of interruption
but still a monster day okay people PE
people forget we were at like 5756
yesterday and I was like oh 61,000 is
almost disappointing because it was at
64,000 it's weird the way the human
psyche works I'm still trying to figure
that out final chart of the day
everybody and I will take a couple of
questions this is the uh top and bottom
indicator shows you when we're hot and
cool obviously blue you buy all you can
light blue you buy all you can lime
green you can still stack we' just gone
into yellow where you kind of maybe slow
down your DC a little bit let the late
comers buy at this level but you can
still buy of course but we just
re-entered yellow again and we have a
long way to go before orange and red but
again shows you just like the mvrv we
are still early everybody so um don't
forget to subscribe I won't waste your
time but I guarantee you every video
you'll learn a lot and uh a big thank
you to everybody for coming I'm going to
take a couple of quick questions thank
you as well to the mods in the chat team
Tesla K8 and everybody here as well
shout out to Joseph and Coach Casey and
bman and Mike in Arizona and everybody
so full disclosure now Jim Kramer is the
only indicator that beats Z DSS bingo I
love that actually it's very clever
chaotic coder oh by the way that's a
crazy chaotic coder
has well you doing incredibly well for
your years young man H any thoughts on
if ETFs would ever just have paper
Bitcoin just like gold ETFs and this
allows naked shorts and control of price
excellent question so we're going to
have a lot more transparency and rigor
than we do in Gold it's impossible to
tell what gold exists what is there is
it really backed by the ETFs but now
after what I just showed let me pull
that slide up one more time is the
actual unencumbered proof of reserves
from C Kathy Wood this ties directly
into your question you can see here
Kathy Woods Arc invest has integrated
proof of reserves for its Bitcoin ETF
this means it proves that they have it
and it should be unencumbered as well so
the it'll become like an arms race in
order for an ETF to be trusted they're
going to have to follow suit and we all
can already see a couple of ones I think
bitwise and Fidelity published their
Bitcoin address so you can actually
track the wallets yourself directly too
great question k CER and congratulations
on your message earlier today very proud
of you I won't disclose what that is but
people in Discord will know anyway Mark
babasa do we need to worry about Mr 100
has nefarious plans massive dumpage H
for Bitcoin holders no this
is this is either a sovereign wealth
fund or a high net worth individual and
they just said you know let's buy $100 a
day they don't want to buy more than 100
because they don't want to Rattle the
market but they don't care what the
price is they're buying it 35,000 30,000
40,000 they bought today at 60,000 they
don't care they just keep stacking 100
at a time and they do that so they don't
drive the spike up and they're buying in
a way where it can be tracked it's not
OTC as well so from that perspective
it's super interesting and I would not
worry Mark about Mr 100 again and there
are probably many Mr 100s that we're not
even tracking everybody is stacking as
well okay a lot of questions today
regarding miners all the miners are down
and weak what's going on let me pull up
uh the actual chart for the miners so
you have some miners down hard today um
in particular clean spark Iris energy
bid Farms all down 10% so what's going
on uh I did expect this question so I
think it's a Confluence of factors like
everything else in the world one um
investors are worried now they've seen
extraord ordinary gains we were buying
clean spark at $6 3 weeks ago they shot
to more than 22 it's nuts but at the
same time everybody's now nervous that
the miners don't have ample rigs uh
modern rigs or enough hash to be able to
compete post having so that's the first
Factor so people are getting nervous and
maybe they're allocating towards micro
strategy because they know that's going
to be add the S&P
500 the bees hover around you know the
score there second thing you have miners
probably maybe diluting a little bit out
there uh because they is quite a great
time to raise money you don't want your
stock diluting at six bucks but if
they're getting $22 a share in that's
the time to dilute okay three weeks ago
$6 today 22 sell a bit of shares get
some cash turn that into minting Mach
that mint Bitcoin and again as I
mentioned before with Bitcoin don't try
get cute don't try time market we've
made extra ordinary absolutely
life-changing gains on cleanspark and
other miners too um just sit and wait
it'll come back and I'm I'm not even
certain that they're selling shares I
know some of them definitely are um I
know that Riot spent $100 million in
rigs yesterday so that's just what's
what's happening out there um we just
have to wait and it could be a rough
time so the the beauty of the miners is
they run counter to bitcoin sometimes
they run up with Bitcoin sometimes they
run opposite to it up to the having
there'll be a lot of nervousness so hold
tight maybe hedge a little bit is not
Financial advice um and
McDonald I've thanks to you accumulated
a good amount of micro strategy and
would you convert to Tesla and take
advantage of the pricing um I think
about this all the time H there will
come a time for that but we're not quite
there yet now Tesla could have their
chat gbt moment and the stock could fly
kind of like Nvidia does but I don't
think we're there yet um I think we have
some more time micro strategy Bitcoin is
the place to be for now and then after
the having see what miners survive
that'll be the place to be and then
we'll watch Tesla very very carefully
for that chat gbt moment I know we're
real close but I don't know if that's 2
weeks 12 weeks 6 months or a year away
but I do know as well they have a ton of
margin coming they have nearly I've
calculated nearly $4 billion in unac
Creed revenue from things like
warranties and energy business that they
can at last recognize and that'll go
straight to the bottom line and earnings
I think will be better than expected
this year and of course they got the
bestselling car in the world they just
launched uh prototypes of the Roadster
which is going to be the most
mind-blowing sports car ever made in the
history of the planet bye-bye
Lamborghini and Ferrari they're toast
FSD is this close mega pack business is
off the charts cybertruck 7.2 year
waiting
list model 2 is coming they're breaking
ground in Mexico in about 3 days um for
the model 2 and this talk of an India
gigafactory 2 while every other car
maker is retrenching this and remember
this is not a car maker as well so
McDonald hope hope that helps hold for
now hold the micro strategy for now and
from saabi at this at these prices is
still early to make a salal
portfolio I bought a salal today on a
dip and I've been waiting weeks for it
to hit and it hit literally probably
during the coinbase outage I was
dangling my little limit order uh on
Jupiter J up. A and it filled so I'm
buying
not Financial advice so thank you Savi
for the question and thank you miles in
Arizona thank you all for coming I hope
you like this show wow nearly 9,000
people watching live never had that
before for a Bitcoin video thanks
everybody you take care stay healthy
number one prior is stay healthy so you
can enjoy the fruits of our packing
during the bear thanks everybody and
thank you again to the mods of chat and
I'll see you
all tomorrow
not later today this was the the one
video for today okay thank
[Music]
you
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