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.