BITCOIN SMART MONEY JUST DID THIS OVER THE LAST 10 DAYS. PAY ATTENTION.

Summary

The video discusses recent cryptocurrency trends, highlighting the significant accumulation of Bitcoin by 'whales' and the price surge of XRP following Ripple's partnership announcements. It also mentions Senator Elizabeth Warren's softened stance on cryptocurrencies, recognizing their potential to bank the unbanked. The host shares insights on market behavior, emphasizing the importance of long-term investment strategies and not being swayed by short-term market fluctuations or FUD (fear, uncertainty, and doubt).

Takeaways

• 🐋 Whales have acquired 170,000 Bitcoins in the past six weeks, with a significant accumulation of 40,000 Bitcoins in just the last 10 days.
• 🚀 XRP's price surged following Ripple's announcement of partnerships with SBI and Coins.ph, aiming to enhance remittance options using their on-demand liquidity (ODL) service.
• 🌟 Senator Elizabeth Warren appears to have softened her stance on cryptocurrencies, acknowledging their potential to bank the unbanked and recognizing the failure of big banks to reach all consumers.
• 📈 The overall cryptocurrency market cap is at $1.5 trillion, with a positive 2% increase, indicating a green day for the market.
• 💡 Smart money or whales are known to buy dips and accumulate Bitcoin during significant price drops, showing a pattern of investment behavior.
• 🔄 Bitcoin is seeing wild patterns of coins moving on and off exchanges, with almost a 30,000 Bitcoin flow observed recently.
• 📊 XRP's price jump created a double bottom chart pattern, which could indicate a bullish trend for the cryptocurrency.
• 🤔 The speaker emphasizes the importance of not being swayed by FUD (fear, uncertainty, and doubt) stories and focusing on long-term investment strategies.
• 🔗 The Theta NFT drop is mentioned, offering benefits such as a private crypto portfolio consultation and a live Zoom session with the speaker.
• 🚀 The speaker expresses optimism about the future of cryptocurrencies, predicting significant growth and development in the industry, particularly around Q4 2021 and Q1 2022.

Q & A

What is the main focus of the news discussed in the transcript?

The main focus of the news discussed in the transcript is the recent activities of 'whales' in the cryptocurrency market, the price movements and news related to XRP, Senator Warren's change in stance on cryptocurrency, and the upcoming Theta NFT drop.

How many Bitcoins have been accumulated by whales in the last ten days according to the transcript?

In the last ten days, whales have accumulated 40,000 Bitcoins.

What is the significance of the partnership between Ripple and SBI and Coins.ph mentioned in the transcript?

The partnership between Ripple and SBI (a major money transfer firm in Japan) and Coins.ph (a mobile payments firm in the Philippines) aims to enhance remittance options for Japanese-based Filipinos by utilizing Ripple's on-demand liquidity (ODL) feature, which can improve the efficiency and reduce the costs of international transactions.

What did Senator Warren initially express skepticism about, and how did her stance change?

Senator Warren initially expressed skepticism about cryptocurrencies like Bitcoin. However, she later softened her stance, acknowledging that digital currencies could potentially help bank the unbanked and that there has been a failure by big banks to reach consumers across the country.

What is the Theta NFT drop mentioned in the transcript, and what does it include?

The Theta NFT drop mentioned in the transcript is an event where individuals can purchase an NFT (non-fungible token) that comes with benefits such as a private crypto portfolio consultation, a live Zoom session with the speaker, a YouTube brand shout out, and a choice of merchandise like a v-neck or a special 'Chosen One' item.

What is the current market cap of the cryptocurrency market according to the transcript?

The current market cap of the cryptocurrency market, as mentioned in the transcript, is 1.5 trillion dollars.

What is the speaker's overall outlook on the future of cryptocurrency?

The speaker is optimistic about the future of cryptocurrency. He believes that there are many ongoing projects and developments that are doing good and contributing to the growth of the market. He also mentions that he doesn't see the cryptocurrency train stopping anytime soon and expects significant growth and 'fireworks' in the near future.

What did the speaker suggest about the price of Bitcoin and its comparison to the market cap of gold?

The speaker suggested that the current market cap of Bitcoin and the cryptocurrency market, which is at 1.5 trillion dollars, is significantly lower than the market cap of gold, which stands at 12 trillion dollars. He questioned the value of gold compared to cryptocurrency and expressed his belief that the cryptocurrency market cap will continue to grow, potentially reaching levels comparable to that of gold.

What is the speaker's advice for investors who may have been misled by negative news or FUD about cryptocurrencies?

The speaker advises investors not to be swayed by negative news or FUD (fear, uncertainty, and doubt) about cryptocurrencies. He suggests that investors should harden themselves, learn to identify and ignore such stories, and focus on long-term investment strategies rather than being influenced by short-term market fluctuations or regulatory discussions.

What is the significance of the 'smart money' or 'whales' in the cryptocurrency market?

The 'smart money' or 'whales' are significant in the cryptocurrency market because they are large investors who have the ability to influence market trends. Their actions, such as buying large amounts of Bitcoin during dips, can indicate market sentiment and potential future price movements. The speaker suggests that these investors are often buying during market dips, which can be a signal for smaller investors to follow suit or at least not be deterred by temporary market downturns.

Outlines

00:00

📈 Market Analysis and Whale Activity

This paragraph discusses the current state of the cryptocurrency market, highlighting the recent acquisition of 170,000 Bitcoin by 'whales' or large investors. It emphasizes the importance of observing smart money movements and the potential for market growth. The paragraph also mentions the positive news for XRP following a Ripple announcement and touches on the change in Senator Warren's stance on cryptocurrency, illustrating the dynamic nature of the industry.

05:01

🔄 Bitcoin Flows and XRP Developments

The focus of this paragraph is on the patterns of Bitcoin movement on and off exchanges, with a significant inflow and outflow of around 30,000 Bitcoins. It also discusses the price volatility of Bitcoin and how long-term strategies can be beneficial despite short-term fluctuations. Additionally, the paragraph highlights the surge in XRP's price due to partnerships with major firms and the potential for XRP to remain bullish in the market.

10:02

🤔 Regulatory Updates and Themed NFT Drop

This paragraph covers the shift in Senator Elizabeth Warren's perspective on cryptocurrencies, recognizing their potential to bank the unbanked. It also mentions the support from other political figures in the crypto industry. The paragraph concludes with information about the upcoming Theta NFT drop, including the benefits for those who purchase the NFT, such as a private crypto portfolio consultation and a shoutout on the creator's YouTube channel.

15:03

👋 Closing Thoughts and Final Remarks

In the final paragraph, the speaker shares their belief in the resilience and potential of the cryptocurrency market, dismissing the negative FUD (fear, uncertainty, and doubt) stories. They express optimism about the future growth of the market, comparing the current state to the 2017 boom and predicting significant developments in the near future. The paragraph ends with a call to like and subscribe for more content.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. In the video, it is mentioned that whales have been acquiring large amounts of Bitcoin, indicating a strong belief in its future value and the overall health of the cryptocurrency market.

💡XRP

XRP is a digital asset and a real-time gross settlement system (RTGS) created by Ripple Labs Inc. It is used as a vehicle for international money transfers and as a currency on the Ripple network. In the video, XRP's price surge is attributed to positive news from Ripple, its parent company, which has partnered with major financial firms to enhance remittance options.

💡Cryptocurrency Market Cap

The cryptocurrency market cap refers to the total market capitalization of all cryptocurrencies combined. It is calculated by multiplying the total supply of a cryptocurrency by its current price. In the video, a market cap of 1.5 trillion dollars is mentioned, indicating the overall size and value of the cryptocurrency market at that time.

💡Whales

In the context of cryptocurrencies, 'whales' are individuals or entities that hold a large amount of a particular cryptocurrency. They are called 'whales' because, similar to whales in the ocean, they have the power to significantly influence the market with their large transactions.

💡Dollar-Cost Averaging

Dollar-cost averaging (DCA) is an investment strategy used to reduce the impact of volatility on large purchases of financial assets like cryptocurrencies. It involves buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the asset's price. Over time, this strategy can lower the average cost per share of the investment.

💡Exit Strategy

An exit strategy in investing refers to a plan that specifies the conditions under which an investor will sell their investment to realize a gain or limit a loss. It is a crucial part of risk management, helping investors to know when to get out of a position to protect profits or minimize damage from market downturns.

💡Sentiment Analysis

Sentiment analysis refers to the process of determining the emotional tone behind a series of text, data, or events. In the context of cryptocurrencies, it often involves analyzing social media, news, and market data to gauge the overall mood of investors and traders towards a particular cryptocurrency or the market as a whole.

💡Ripple

Ripple is both the name of a company that focuses on enabling secure, instant, and nearly free global financial transactions, and the name of a real-time gross settlement system (RTGS) and a digital currency (XRP) that the company developed. Ripple aims to facilitate fast and low-cost cross-border money transfers.

💡On-Demand Liquidity (ODL)

On-Demand Liquidity (ODL) is a feature provided by Ripple's payment protocol that allows financial institutions to instantly settle cross-border payments without the need to pre-fund nostro accounts in foreign currencies. This service reduces the costs and complexities associated with traditional correspondent banking networks.

💡Technical Analysis (TA)

Technical analysis (TA) is a trading discipline used to evaluate investments and identify trading opportunities by analyzing historical price data and market trends. It involves the use of charts and various indicators to predict future price movements and to inform trading decisions.

💡NFT Drop

An NFT, or non-fungible token, is a unique digital asset that represents ownership of a specific item or piece of content, such as art, music, or collectibles. An 'NFT drop' refers to the release or launch of a new NFT or a collection of NFTs for purchase or acquisition.

💡Regulation

Regulation refers to the rules and guidelines set by governing bodies to control and manage various aspects of economic and social activity. In the context of the video, it pertains to the potential oversight and legal framework surrounding cryptocurrencies to ensure their proper functioning and to protect investors.

Highlights

Whales have acquired 170,000 Bitcoin in the past six weeks, with a significant accumulation in the last ten days.

XRP price surges after Ripple's announcement of partnerships with SBI and Coins.ph, aiming to enhance remittance options.

Senator Warren softens her stance on cryptocurrency, acknowledging its potential to bank the unbanked and addressing the need to examine the design of crypto for potential risks and benefits.

The market cap is at $1.5 trillion, with a 2% increase, indicating a positive movement in the market.

Bitcoin is performing well, almost reaching $40,000, with a 4% increase in the last 24 hours.

Ethereum may potentially hit $2500, showing a strong trend.

XRP experiences an 11-12% increase, benefitting its holders.

AMP's rumored partnership with Amazon did not materialize, but the coin still shows potential.

The use of Trinity Trade is recommended for those looking to trade, offering 90% assurance in its strategies.

Smart money is characterized by buying dips and accumulating Bitcoin after significant price drops.

Bitcoin sees wild patterns of coins moving on and off exchanges, with almost 30,000 Bitcoin inflow versus outflow.

The long game strategy in cryptocurrency usually yields positive results over time.

Technical analysis can provide indicators for market trends, but should not be the sole basis for investment decisions.

The Theta NFT drop offers exclusive benefits such as a private crypto portfolio consultation and a live Zoom session with the speaker.

Despite skepticism from some financial institutions and corporations, the cryptocurrency market continues to grow and attract significant investment.

The cryptocurrency market is expected to see significant growth and development in Q4 2021 and Q1 2022, with major projects and advancements on the horizon.

The comparison between the market cap of gold and cryptocurrency highlights the potential for further growth in the crypto market.

Transcripts

welcome to the last that news take your

top stories and crypto and bring them

out of bite size pieces today just like

the thumbnail suggests

these are the things that smart money is

doing and the question is

are you doing the same things or did you

fall victim to thinking that

anything's really different so first up

whales acquire a

hundred and seventy thousand bitcoin in

the past six weeks and actually what's

more surprising is how much they've

accumulated

in the last ten days so we'll take a

look at what's going on there

on top of the fact that uh xrp climbs

eighteen 18

watch out after ripple announcement that

is great news for the xrp army

also we're going to do a quick follow-up

as uh senator warren

backtracks on cryptocurrency and says

it's actually good so

this is how democracy works you hear

some information and

actually change your mind and then we'll

quickly just go over the

theta drop but first up let's take a

look on the market so today is a good

day it's a green day

uh 1.5 trillion dollar market cap we're

up two percent i'd like to see those

types of uh

of moves in the positive direction but

you know whatever it is

if it goes down you can dollar cost

average and accumulate if it goes up

you can implement your exit strategy if

you want to or just sit on your hands it

doesn't really matter just watch the

fireworks go about so

here's what's going on as far as uh the

coins themselves so bitcoin

is uh doing pretty good almost at 40 wow

almost a 40 000 39

000 536 in the last uh 24 hours we're up

four percent

nice ethereum 2288 maybe you can hit the

2500 who knows

and uh tethers nobody cares finance two

percent cardinal up two percent

xrp watch out eleven percent twelve

percent pretty good

uh doge everything else is anything up

fantastically

wow eleven percent twelve 12 for tara

good job for tear holders

and amp 11 i know there was some kind of

uh

um rumor that amp was going to use with

amazon that got that fell flat but we

talked about that yesterday

also if you're uh looking to trade some

things not a great trader

take a look at trinity trade the chain

this is what uh

we use every single day and with 90

percent assurance not these one with

none of tweets let's take a look at this

one

between negative 15 and 20 up red coin

look at red coin

cavio monacoin synthetics near protocol

and sushi if you can get on your uh your

trading fix

all right that's what's going on the

market let's take a look what is going

on

uh for today so this article

about smart money it always never

well it never surprises me um how the

more things

change the more they stay the same

nothing really changes and everybody

always tells me rob you understand this

time is different

this time is different the market's

going to totally crash and go away i'm

like

okay i mean maybe i don't know and uh i

just keep saying the same thing

and the same things keep happening smart

money comes in there

they buy these dips and massive amounts

they you know they wait for a certain

time they don't buy

every single dip but in this one they've

been buying uh pretty aggressively so

uh if you were fooled into thinking that

um

you know this market was gonna go away

and you had all those fun stories

which is why i cover these fun stories

to tell you about the fud

and tell you why it doesn't matter these

the things you have to watch out for

to harden yourself as in as a long-term

investor now look

this is just investment opinion not

investment advice but these are the

things that i see

so what is going on here so uh

here we go wales acquire a hundred and

seventy thousand bitcoins so according

to a recent tweet by sentiment

bitcoin wales or wallets holding between

110

000 bitcoins that's pretty good have

been purchasing bitcoin since may and

what happened in may

well we had an all-time high and people

sell off sold off

and uh they just waited for these huge

dips 50

and now they're buying back up again not

rocket science

when the largest crypto began descending

from his all-time high okay

over the past five weeks they

let's just say we'll just call them

smart money or whales have accumulated

another 130 000 bitcoin that was in

five weeks 130 000 but in 10 days

just in 10 days 40

000 bitcoins have been accumulated

here's a

nice little chart right here which shows

you what's going on rip

to the moon alice and that is

essentially the big news so

i would just say this if you got fooled

and you thought ah you know nothing's

really going to happen and these these

wells are going to go away and they're

going to put into equities or something

like that

don't feel bad because it's just it's

just one of those things where you have

to get used to and sometimes you have to

see it like three

five 20 times before you're like okay i

get it

it's the same thing all the time and uh

just harden yourself and you know find

these types of

uh of information and maybe at some

point you can finally go you know what

i think i see where it's going i don't

care about these fun articles i don't

care about the regulation i don't care

about

uh senators talking about whatever else

or or this person saying that it's going

to go to zero it's not

just how it is and uh you can just start

to you know make those moves

appropriately

and be a little more ready so that is

that little piece right here and there

was also a nice little snippet i wanted

to bring

to light this was from sentiment as well

and it's very strange it talks about let

me blow this up a little bit

so it says here bitcoin is seeing wild

patterns of coins moving on and off

exchanges

there was plus almost 30 000 bitcoin

inflow versus outflow and what they're

talking about

is this image right here you can see it

this green uh lines which pretty erratic

these are of course uh the price of

bitcoin and you can see it over here

it goes from 29.5 all the way up to 65

too

so this green part here as you can see

on the middle part you can't see my

mouse unfortunately sorry

but uh that at the very middle is when

bitcoin hit roughly 65 000

and you can see that uh of course there

was a lot of

volatility at that point and then as

soon as it dropped people started to

accumulate

and they took it off of the exchanges

and now

going all the way the right hand side

you can see a lot of people put on the

exchanges

early july and now they're massively

taking it off

but we can see that the actual bitcoin

price is going up so who knows

where that is going but in all honesty

it really doesn't matter

because if you just play the long game

usually it works out for you

again not investment advice is just what

i'm doing so let me know what you think

about that in the comments section

let's move on to our next piece xrp

watch out

so i like i like positive stories about

crypto i know some people hate xrp and

some people love xrp

it doesn't matter it's just a it's just

an investment

really not like it's uh you know gonna

take anything over uh as far as like

family or something like that but these

are great stories

so what is going on here so

uh apart from general bullish trend

xrp let me let me highlight this you can

see it xrp

price surged after the parent company

ripple reached an understanding

with the sbi which is the major money

transfer firm in japan

and coins.ph mobile payments firm in the

philippines

and this is good news but what the heck

is going on so this partnership aims to

enhance remittance options for japanese

based

filipinos through ripples on demand

liquidity odl

ripple uses its x rapid international

payment system

to provide odl to users wishing to

perform financial transactions okay

so that's pretty much the big stuff here

and i'll get to that in a second to the

double bottom

but i just want to make sure everybody

knows so like

when you're transferring money uh

between banks and the swift system

all these banks they have to pre-fund

all these other international banks

with their currency so if i want to

transfer money over to

from america to mexico well that bank

has to have dollars and pesos

and then also if you want to transfer it

over to to europe it is

you know all the different uh currencies

that are over there uh the euro

and the dollar and whatever else you

want to have and they all have to

pre-fund which is

quite kind of expensive on top of the

fact that the transaction fees are

pretty darn high that's where the banks

make the much

money so with xrp what they said is like

look

because of this distributed ledger there

is a

uh x rapid and

x current so x current is kind of like

it's pretty much the old way of doing

things kind of like swift

it's all about uh communications and uh

really just just text

going back and forth and it really

doesn't do too much it helps out a

little bit

but the big thing here is x rapid so

instead of having to pre-fund everything

and really increase the cost x rapid is

called on-demand liquidity

because on the other side you just have

the xrp ledger

and you can just start to transfer funds

around

just to the ledger and you don't have to

pre-fund anything and that's where the

whole magic

kind of comes into it so xrp versus

actual ledger that is a big thing

so to finish this up xrp jump creates a

double bottom

after xrp sharp rise falling

announcement tattoo indicator showed a

double bottom indicated xrp

might remain bullish throughout the

temporary

trading session sessions so i'll just

say this

for technicals i don't know um

that you can actually say that it's

going to be bullish for a huge amount of

time i mean these are all indicators

there's one indicator that says it's

bullish then the couple might say it's a

little bit bare so

don't put all your eggs in one basket

technicals ta can

take you a lot of pretty far places as

far as like trying to get

into a position and out of position but

to just go yeah it's going to be bullish

for

you know uh quite a long time yeah sure

goodness so anyhow that's what's going

on with xrp

so let's take a look what's going on

with senator warren as she

backtracks some information so i know

people don't some people really hate

elizabeth warren

some people love her to death same thing

but uh

on this channel it's not political it's

just these are the types of things that

as far as putting information out there

as far as regulation yesterday we talked

about how

uh senator warren was not a fan of

cryptocurrency and then like 24 hours

she like

turns her you know does a total 180 not

a total one any but

she leaves the door open and here's

what's going on a known

skeptic of cryptocurrencies like bitcoin

warren appeared to have softened her

stance in the crypto industry in a cnbc

squawk box

she states that digital currencies could

be an instrument to

bank the unbanked and i gotta agree with

her makes a lot of sense

and we're doing great things over in el

salvador so why not

she states this there has been an

enormous failure

by the big banks to reach consumers all

across the country

digital currencies and central bank

digital currencies may be an answer

there

uh i will applaud that that sounds good

but she states the question we have to

ask is to look at the design of crypto

to see where it may be better

but also see where it may inject its own

risks into the system

and uh look the same thing i mean

two big champions of cryptocurrency

uh is uh toomey uh senator toomey uh

congressman sumi i think he is and

senator loomis from wyoming

so when they started talk about they

said the exact same thing like hey

this is going to really help a lot of

people but we need to take a look at

you know some of the pitfalls that have

been addressed

so i'm actually kind of blown away it

actually took this less amount of time

that's the whole thing of the democracy

people come in with their ideas they

kind of flesh it out

they kind of work together and go okay

well i see your point here

let's work on this or i don't really see

that there and this is why i don't see

that point

so as far as like movement hey if we can

keep doing this

maybe we'll get an etf approved by the

sec who knows

crazier things have happened anyhow let

me know what you think about that in the

comments section and lastly

or next to last i guess just so you know

that the theta drop

or the theta nft drop is open in an

hour and a half which is probably when

i'll have this video up because i gotta

edit so much

i don't really edit that much and this

is what we have

so just like yesterday if you

purchase the nft there's a private

crypto portfolio consultation

you get a live zoom session with me uh

youtube brand shout out if you got like

a business you want to buy something

like that i'll talk about your business

on my channel

within reason there's some businesses i

will not talk about so

uh i reserved the right to to be like uh

hey i'm

gonna talk all right i can't talk about

like if you're in gambling

i can't talk about that on youtube i'm

sorry uh we do enough gambling on uh

as traders and then uh there's also the

v-neck and also this one here is my

favorite this is uh the chosen one

and uh that is uh ten bucks and you can

there's there's an infiniti

there's a ton of them allowed but it's

only available for 24 hours so

that is it link in the description and

that is the

token drop and here are my final

thoughts

about what's going on which i got to

tell you

that first piece was really the big

story to me and i hope it's

hope helps you to realize that these

things that the people talk about

like guggenheim ceo uh scott menard

and jp morgan talking about how they'll

never let their

um their people get into cryptocurrency

and these different banks

just you know say how awful crypto and

they're not going to do anything or even

amazon who comes out and says

we're not doing anything with crypto yet

they're hiring for a

crypto professional so like all these

different fud stories that you hear

and you think it's not never going to

come back because i mean we're just

getting this lull and we're going to be

in this

crypto winner for three years i just i

personally don't see it like that

i see there's just too many rails that

have been built over the last four years

once

i got in to what's going on it's just

too much

money to make this thing stop there's

too many

projects that are doing so too much good

world mobile token being one of them and

meld

and uh i just think that there's

for this train to get stopped anytime

soon in its tracks

it's not now we haven't hit that

parabola crazy

uh movement like we did in 2017 i mean

look

we went from bitcoin we just doubled our

market cap that's not that's nothing

nothing i mean 2.5 trillion dollars you

know the market cap of gold is 12

trillion what does that do

so i mean i own gold and silver don't

beat me up i just don't

see how we can't just makes no sense to

me

how we can be at 1.5 trillion of golds

at 12 trillion dollars and i'm like

what does it really do you can wear on

your wrist who cares and then uh

you know it can be a store value i'm not

going to get into it

all i'm trying to say is i think that's

on the horizon we're going to see some

fireworks look at q4

2021 or even q1 2022 and i just had an

interview with uh

one of the guys at avalanche for

cryptocurrency

big things are coming on the pipe in

that time frame and it seems like

everything's happening around that time

so that's all i got

look uh that is it for today so if you

liked the video

thumbs up subscribe i really appreciate

you stopping by and watching the whole

thing the very end

that is it for today see you on the next

one

you