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

Summary

In 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

00:00

🏠 Pre-recorded Digital Asset News Amidst Renovations

The speaker begins by addressing the audience and explaining the switch to pre-recorded content due to moving and renovation work in Puerto Rico, which has affected the quality of live streams. They mention the Wi-Fi issues at temporary accommodations and announce the continuation of pre-recorded videos. The speaker then discusses recent significant news involving President Joe Biden's administration attending a Bitcoin and crypto Round Table in July, focusing on Bitcoin mining. They highlight Donald Trump's support for crypto, his meeting with Bitcoin miners, and his statements on Bitcoin's role in the AI arms race and the future of mining in the U.S. The speaker also touches on the involvement of major Bitcoin mining companies and the political nature of promises made by politicians.

05:03

📉 Market Analysis Amidst Political and Economic Uncertainty

This paragraph delves into the current state of the cryptocurrency market, acknowledging a downturn with a market cap of 2.5 trillion. The speaker reflects on the market's volatility, referencing geopolitical tensions and macroeconomic factors in the U.S., including potential rate hikes. They discuss the psychological aspect of investing, where fear can lead to irrational selling. The speaker provides a historical perspective on Bitcoin's performance, noting the cyclical patterns and the current position within the cycle. They predict a bullish trend in the future, possibly in 2025, based on past cycles and market behavior. The speaker also mentions the importance of taking profits during market fluctuations and references previous advice on accumulation and profit-taking strategies.

10:05

📊 Analyzing Market Trends and Encouraging Profit-Taking

The final paragraph focuses on the importance of understanding market trends and making informed decisions. The speaker uses historical data to illustrate the market's behavior post-all-time highs and the subsequent periods of consolidation before significant movements. They compare the current market situation to past cycles, emphasizing the similarities and the potential for a bullish trend. The speaker also discusses the impact of external factors such as the COVID-19 pandemic on the market and how it recovered despite initial pessimism. They conclude by reiterating the importance of taking profits, referencing their own actions as examples, and encouraging viewers to consider their strategies carefully.

Keywords

💡Pre-recorded

Pre-recorded refers to content that is recorded in advance rather than being broadcasted live. In the context of the video, the host mentions that due to personal circumstances, the usually live stream is pre-recorded, indicating a change in the format of the show.

💡Bitcoin mining

Bitcoin mining is the process of verifying transactions on the Bitcoin blockchain and adding them to the blockchain ledger. It is a key concept in the video as the host discusses a potential roundtable on this topic, indicating its significance in the cryptocurrency industry and regulatory discussions.

💡Round Table

A Round Table in this context refers to a meeting or discussion involving various stakeholders. The script mentions a Bitcoin and crypto Round Table in DC, suggesting a gathering aimed at discussing and possibly shaping policies related to cryptocurrencies.

💡Donald Trump

Donald Trump, the former President of the United States, is mentioned in the script as having met with Bitcoin miners and expressed support for cryptocurrencies. His stance is relevant to the video's theme as it reflects political influence on the crypto industry.

💡Coalition

In the script, the term 'Coalition' refers to a group of representatives from various Bitcoin mining companies. This indicates a collective effort to represent the interests of the Bitcoin mining community in discussions and policy-making.

💡Accumulation

Accumulation in the context of the video refers to the strategy of buying more of an asset, such as Bitcoin, during a market downturn. The host suggests that a down market is an opportunity for accumulation, reflecting a long-term investment perspective.

💡Market Cap

Market Cap, short for market capitalization, is the total value of all Bitcoin in circulation. The script mentions a market cap of 2.5 trillion, providing a snapshot of the overall size and value of the cryptocurrency market at that time.

💡Macro Economy

Macro Economy refers to the study of the economy as a whole, including factors like inflation, unemployment, and GDP. The host discusses macroeconomic headwinds affecting the United States, indicating broader economic factors that could influence the cryptocurrency market.

💡All-time High

All-time High refers to the highest price an asset has ever reached. The script discusses the historical pattern of all-time highs followed by market dips, illustrating the cyclical nature of cryptocurrency markets.

💡Four-year Cycles

Four-year Cycles is a concept the host believes in, suggesting that the cryptocurrency market follows a pattern that repeats every four years. This is used to analyze historical trends and predict future market behavior.

💡Profits

Taking profits refers to selling an asset after it has increased in value to realize the gains. The host advises viewers to take profits during market peaks, demonstrating a strategy to manage risk and secure earnings in a volatile market.

Highlights

Pre-recorded digital asset news due to the host's house renovation and unstable Wi-Fi.

President Joe Biden's administration is attending a Bitcoin and crypto Round Table in DC in July, focusing on Bitcoin mining.

Donald Trump's support for crypto and his closed-door meeting with Bitcoin miners, emphasizing mining in the U.S.

Involvement of major Bitcoin mining companies like Riot, Marathon, Tera Wolf, and Clean Spark in the Round Table.

Political stance on crypto with a call to support John Deon's campaign against Elizabeth Warren in Massachusetts.

Market downturn described as a 'red day' with a market cap of 2.5 trillion and potential for further decline.

Geopolitical tensions and macroeconomic factors affecting market sentiment, including the Russian Navy's presence near Cuba.

Divergent monetary policy actions by the U.S., Canada, and the EU, impacting investor confidence.

Bitcoin's price drop and the psychological impact on investors, leading to selling or taking profits.

Historical price analysis of Bitcoin showing a pattern of highs and lows over different cycles.

Prediction of a potential all-time high for Bitcoin in 2025 based on historical cycles.

Comparison of current market conditions with the post-halving period in 2020, noting similarities in price action.

Emphasis on the importance of taking profits during market fluctuations to secure gains.

Use of data points and indicators to make informed decisions about accumulating or selling assets.

The impact of the COVID-19 pandemic on markets and the subsequent recovery due to stimulus measures.

Reiteration of the cyclical nature of markets and the importance of understanding these cycles for investment strategy.

Encouragement for viewers to make their own decisions based on market analysis and personal risk tolerance.

Transcripts

hello everybody Welcome to the

pre-recorded version of what is usually

a live stream here in digital asset news

but unfortunately I've been moving

around a lot here in Puerto Rico we're

renovating the house so we're standing a

couple airb airbnbs and uh the Wi-Fi

isn't the greatest so we're going to to

do some pre-recorded ones moving forward

so if you missed it yesterday and I

don't blame me if you did because it was

a pretty choppy uh rendition of our

usual live stream first of all there was

some big news over the weekend and one

of those is President Joe Biden and his

administration looks like there was some

leak emails and they'll be attending a

Bitcoin and crypto Round Table in DC in

July mostly what it's concerning about

is Bitcoin mining and why did this

happen more importantly probably because

Donald Trump came out and said he

supports crypto and he actually met with

the Bitcoin Miners and here's what

happened in this closed door event

basically he says this two things one

Bitcoin can help win the AI arms race

and he also said that all future Bitcoin

to be mined or minted in the United

States and he is very adamant on that so

let's see if he comes through

everybody's a politician or these guys

are politicians so you know what

politicians do sometimes they don't

fulfill their promises but hey it's a

step in the right direction the

Coalition included representatives from

Riot Marathon uh Tera Wolf clean spark

and a host of others of Bitcoin miners

so that to me is pretty good and like uh

the old ad just talks about uh for

Bitcoin first they for actually

everything first they ignore you then

they laugh at you then they fight you

then of course you win I think we're in

that stage where were actually Crossing

the Rubicon so that we take a look at

that and of course people will say well

what about Robert Kenny Jr what about

President Biden what he did what about

Donald Trump and what he did and all the

other issues look I don't I don't care

who you vote for I just don't but I

would say that if you're a fan of

Elizabeth Warren which I think most of

us aren't uh maybe you could help us out

or help out John Deon by contributing to

his campaign and there's a link in the

description to talk about of how and why

he can win in Massachusetts and of

course some of his stances so if you

don't feel like oh I can't give to him

because he's not a vegan or whatever is

your big thing there's a bunch of

different things you can find out about

John Deon and why I think he can win and

is a uh Superior substitute for Center

Elizabeth Warren so off to today today

is a red day and I can't sugarcoat it it

just is what it is to me I always look

at these I'm like well great because I

never feel like I have accumulated

enough quite honestly when I look at

these markets I'm like you know I

probably could have done a little bit

more of uh dollar cost averaging or

lumps suming and today's no different

however for some of you I understand

this is kind of stressful and this is

why I put this video together so today

looking at a market cap of 2.5 trillion

we've been kind of bouncing around this

uh 60 actually it's been higher it's

been 66 67 69 somewhere around there now

we're going to the 65s potentially going

lower and of course there's a lot of

different things that are skittish

talking about different Wars potentially

World War III who knows I'm in Puerto

Rico right now the Uh Russian Navy has a

couple of nuclear submarines just parked

around Cuba who knows what'll happen and

then of course uh the different

headwinds that are coming on with the

macro economy here in the United States

and drum how coming out and saying that

he's not going to raise rates even

though in Canada and the EU they've done

that but here it's you know if we look

at the data it's looking pretty good but

who knows about the data who trusts it

alls I know is that prices are going

down because there's more uh sellers

than buyers and investors are is that's

really what it comes down to people are

afraid and when they get afraid they do

irrational things like selling Bitcoin

or taking profits which is fine so if we

actually zoom in on bitcoin and take a

look at it in 24 hours we've taken quite

a tumble look we were at almost 67,000

now we're wow 655 but if you look over

seven days is it any better no how about

a month no three months now we're

talking one year all right this is

looking good remember in one year we

went from 26,000 all way up to 73,000 so

I know people are saying well this just

it should keep going up nothing goes in

a straight line and we actually talked

about this and actually put this

together it was called all-time high to

next having and of course if you've been

listening to my show you know that I

believe in the fouryear Cycles they're

still intact and it always goes like

this there's a having alltime high dip

reset there's a having this would

happened in 2016 alltime high in 2017

there's a big monstrous dip in 2018 2019

we had a reset then we get a having in

2020 alltime mind 2021 202 is a dip and

a reset which we went through now 2024

we're in the having I think we're going

to see an all-time high I don't think

it's going to be this year again I I

think we're going to see like monster

bullish moves in 2025 but I could be

wrong but I said back then I go look if

you take the the top from two previous

Cycles to go from 2013 to the next

having it was a 42% drop if you do that

from the 2017 to 2020 it was a 56% drop

but I said it was odd because from the

last top in 2021 to February 18th which

was at that point 2 months prior it was

only 23% drop and then I said and then

when we got to six weeks I'm like that's

an 8% drop this is the only time that we

have hit an all-time high before the

actual having and we hit we hit it uh

sometime around in uh uh end of March

early April correct me in the comment

section but we went to 73,000 where

previously was 677 so things are a

little bit different however there's

things we have to consider and the one

big thing that I take a look at is let's

take a look at history remember in May

12th 2020 somewhere around there was the

having remember the having was at

$8,700 and then just two months later in

July it was 9200 so it wasn't much of a

big push it was just kind of up and

downs and up and downs and trust me when

he went from 97

$9,800 all the way down to 87 you get a

little bit skittish just like what's

going on right now now and I think it's

the same thing cuz here we are in 2024

remember we had it in around April 20th

we were at the price was

61 62 63 somewhere around there then

today we're at 66 so to me it's just

there are some things that are a little

bit uh uh similar even though there's

been some changes and if I if you really

want to drive it home to my point take a

look at this this is from Ben's website

Great Links in the description if you

take a look at the return on investment

after the having I'm just going to use

the last cycle or the one from uh

2020 and the uh again the having was

around May 11th May 12th and you can see

from here just how kind of sideways

action it was until couple three four

months later and then we start to see a

a big rush then we have a drop down then

off it goes and then we go up here again

alltime Highs but if you overlay that of

where we're at now this is having cycle

4 this is laughable this is laughable

and look at it it almost mirrored what

happened before there was a big up and

then a big down then off then we go

sideways so to me it's like it's the

same thing just happening again and then

I will remind you because people will

say but Rob you don't understand because

the rates and Jerome Powell and the

different world wars and things that are

going on you just don't it's totally

different and it's just we don't see

alltime high is coming oh really might I

remind you

not too long ago there was a thing

called the Corona virus no matter what

you believe it to be true or not it

still affect the markets greatly uh all

across the world and we didn't think we

were going to get out of that when that

happened you went from $99,000 to under

5,000 in a matter of like a week and

then of course there were some

positivities because we started

quantitative easing rates started to

drop then all of a sudden we had uh

stimy checks and the market started to

really rebound so I know people say well

there's this and this and this it's

negative and in the bare when like when

it gets more bearish sentiment it seems

like it'll never go bullish and then

when it gets bullish it seems like it'll

never go bearish it's the same thing

happening over and over again I just

remind you of these days that we had

because it's going to happen again and

it's happening again so what I will

recommend you know what do you do you

what I do is I just take a look at some

data points Ben's got this really great

Point here on end of the cryptoverse

where he takes a look at the risk bands

and I'm not going to go over it but what

I'll say is this there's a link in the

description there's two videos I talk

about I take a look at certain

indicators of where things to go right

now on my personal opinion this is a

great time to accumulate that's for me

you can do whatever you want to do I

can't give a financial advice but you

take a look at those indicators about

where things are going and kind of go

from there there's two videos one on the

top is when I sell like the blue chips

the one on the bottom is when I sell

like the more djeny stuff and it's

pretty aggressive so watch both of those

videos but then

also the last thing is this we're in a

bearish Trend a bearish sentiment but on

the rules you know the rules the rules

are right beside me and the very last

rule is take profits and I want to

remind you of how important that is

moving forward till we get to the

blowoff top things right now seem like

it'll never get bullish when you're in

the bare Market seem like it it'll never

get it'll never reverse and the same

thing's going to happen in the bull

market it'll seem like it'll never get

bearish but on I on May 23rd I said look

I said took some profits a couple days

ago sorry that's when Bitcoins were

between it was around 71 72,000 and I

took some profits on some altcoins and

uh you know that's just what it was and

then I got a lot of Guff for it because

people thought I was a because

you're a because you took some

profits and it'll never go down all

right well anyhow and I said the same

thing on March 31st which again Bitcoin

is around 7172 and the altcoins were up

pretty heavy now where they at they're

down do I get it right all the time no

but when I say take profits that's for

me you can do whatever you want to do

I'm not your dad but uh I'm just trying

to help people out here to understand

the markets that doesn't go up in a

straight line I want you to be

successful I want you to do the right

thing that's it for today so look like

today's video give it a thumbs up

consider subscribing everything we talk

about is time sensitive but that's it

for that piece I appreciate you and I'll

see you on the next one