Chainlink Better Than Bitcoin? Federal Reserve Publishes an INSIDIOUS Report on BTC & XRP 67x Retur

welcome news about digital assets Top news encrypts the occurrence in digital assets and breaks them into small pieces today we have some interesting things first, we have chain link cryptocurrencies that are up 100 percent so far this year and we are going to talk about What's behind the intense rally and we're going to talk about exactly why I think this is actually increasing and will continue to increase as time goes on. Also asking the question is Bitcoin and digital gold. The Federal Reserve demolishes the narrative with a new

report

and I. Sorry this is a fascinating article because can you imagine if five years ago the Federal Reserve even mentioned Bitcoin but here we are and they wrote a whole

report

about it and also a quick article stating the obvious if you bought a thousand dollars of XRP for six years? sixty-seven thousand dollars now and we're going to take a look at where coin market and see what's going on so let's do a little update because when this is done Bitcoin will be just above 7,000 which is pretty amazing it was a big resistance point so during the end of week remained. good news even though it's down two and a half percent aetherium to 177 look at that nice little bomb 362 let's go on it so chain link this was a pretty good article that caught my eye because as you may or may not know chain link is one of my seven so this is what i have invested in Bitcoin aetherium of the chain to do so.

The link in the chain is the link of the native currency that has recovered by more than one hundred and eighty percent from its mid-March lows outperformed major assets including Bitcoin aetherium, the link to the exchange rate of the dollar peaked at three dollars and 84 cents quite well on Saturday, as Phi capital, one of the venture firms backing pop defy platform maker Dow, proposed collateralizing its stablecoin. the cryptocurrency link and I have to tell you that I saw this and I was like no, I'm not really sure if I'm really excited about it, so what they're saying is that the manufacturer Dow will be able to do it. guarantee everything to the extent that the chain link goes against die or with die and personally that's not like the chain link is an Oracle and is configured to pull data via real world APIs in smart contracts, so just do that. just do what you're supposed to do and everything will be fine now if they want to pull it they can.

I mean, I'm going to say it below by saying that link in the chain has a very specific purpose and it does that purpose very well and I want to say that's why I'm a big believer, that's why I invested in it, advancing the number of linked wallets last week's increase and an average of this incredible 1,400 per day, not per week, not per month, forty onwards. Our wallets per day were created for top chain link analysts to predict an uptrend and small link prices, which makes a lot of sense. This is a tweet from Kevin Svendsen.

I don't know who has it. It sure is big. I have no idea who he is. but what was interesting is that it says the link Marines hash tag link marine, so you have the XRP army and we know how vocal they can be and now here we have the link Marines. I haven't really delved into that in the Twitterverse, but I should just see how they are. I don't know if there is such a bustling XRP army, but it would be interesting to find out anyway. Link one hundred percent to date link with the dollar exchange rate of Monday's jump. six point two six percent to three seventy nine, indicating that traders are willing to keep floating prices above the crucial support level, so they were talking about anything above about 370 379 was a good support level and it means there is only upside while holding above that Tim links gain also what prices above its long term above the 200 day MA average and increases increase the possibility of the cryptocurrency retesting 410.

An extended move above said level could push the links upside targets to 481 and now the fantastic, so right now, if you haven't noticed, let's take a look look at the whole chain link market and price action so let's click here on 362 to drop below the 370 support level so we'll see where it is. going, but just so you know, this is the only or one of the few different price action charts that you will see, let's take a look at one of the big bull markets of 2017 that happened around here, so the price was 49 cents. Wow and then it went up on January 1st to a whopping 16 dollars and then it crashed with everything and went down to 40 cents so it's not that bad actually I mean it was at 44 cents when it was 42 cents hey pretty good deal, I wish I did.

I've invested a lot before anyway, it just went sideways, but here's the amazing thing: look where we are not long ago, we were at 433 on June 29th and then we were at 428 on March 2nd and then we saw the big crash. in which everything fell dropped the cubes and now here we are again around 370 360 360 so I have to tell you that in my opinion Chain Link will work very well in the long run and if it doesn't, if it doesn't I don't have a clear understanding of what smart contracts are, what the chain link is. I'll put the chain link video at the end, so if you want to watch another video about what you know, smart contracts are, how they work, how everything is interconnected and chain link what an Oracle is and how it works.

I'll put it last and go from there, so my final thoughts are this: If I had more money, I would throw it into the chain link and next up is Bitcoin digital gold. Fed Breaks Narrative with New Report I guess when I saw this I had to think: You know, the Fed didn't say anything about Bitcoin years ago and now all of a sudden it's like they're almost on equal footing. and they're criticizing him and that's good, we want to see that kind of thing once they start fighting you, you know, then you're in it and they're actually in the ring with them and they realize who you are and you.

We are a competitor, so I see Bitcoin as a competitor on the global financial stage anyway, the idea is that because the asset has similar fundamental characteristics to the precious metal, they are both decentralized money, scarce and difficult to create , not controlled by a globally accepted and fungible central authority. Bitcoin will become a gold-like asset over time, however, I see a problem. I'll get to that in a second. Talks about Bitcoin as a safe haven, but the Federal Reserve Branch states in a note published last week on April 15 by the Federal Reserve Bank. of Kansas City stated that

bitcoin

is definitely not a safe haven nor has the asset acted more like a risk asset than digital gold, well what do you expect me to say of course, but in that note or that paper or that little post They had? actually they were right, they had some good data, solid data and it seemed right and let's take a look at that a little bit well, I think let's end this article here, so the April issue of Bloomberg Intelligence Crypto Outlook is a key topic . was that

bitcoin

is slowly maturing towards trading like gold, a sign that it is becoming a digital gold, AG commodities disagree, commodities desk specifically pointed to CME's Bitcoin future option, one, decreasing volatility on a macro scale, debatable, two, they are increasing the correlation between gold and cryptocurrency three and the growing number of users supporting the claim that bitcoin is slowly becoming digital gold, so that's four good points.

I could debate those four, that's for another video, but I'm sure we can see how he's maturing. At that stage, however, there is one more point that should not be mentioned, with the block reward arriving, which estimates suggest is in less than thirty days, meaning we will see it around May 12, 2020, which is one of the events related to Bitcoin and is when it usually starts. A big bull run has happened the last two times and it happens every four years, we'll see what happens. I tend to think we'll hit around a hundred thousand for Bitcoin and I've made a couple of videos about it and "I'm moving towards the inflation rate of bitcoins, which will almost mirror that of gold, which may speed up this ongoing process, but "anyway Bitcoin, analysts say or buy Bitcoin anyway, analysts say this is Arthur Hayes, everyone's favorite CEO, they love to hate," Arthur Hays commented in a blog post that he believes investors should buy Bitcoin and gold for the ongoing change of the monetary regime, where money is becoming easier to obtain because of these central bank policies or quantitative easing or quack economics as some people call it, and I must tell you that According to Arthur Hays, you are right.

I think Bitcoin plus gold is a winner. I don't see any other way to say it. I mean, Peter shows us a big gold bug and attacks Bitcoin, but you understand that he's just a marketer. that's what Peter Schiff is a great marketer, just like Justin, some people hate Justin son, he's a great marketer and I can take my hat off to both guys, he's a great job, but you have to understand that Gold has been around for a long time. thousands of years, but I see gold as the older generation, they will turn to it as a store of value, however, the new generation will turn to gold as a store of value as time goes on and first I will tell you exactly why. off, let's take a look at this Fed article, wow, gray top and this is from Casey's Federal Reserve Bank safe haven performance in the Bitcoin era, so like I said, it's surprising to me that the Fed even take their time to equalize.

They talk about Bitcoin, but I think they see the writing on the wall anyway, they say they claim that we compared the performance of gold and Bitcoin government bonds from January '95 to February 2020 and found that the 10-year Treasury note consistently behaved as a safe haven in gold. occasionally and Bitcoin never, and I must tell you that you are right during March 2020, however, neither asset can be confidently classified as a safe haven, so Treasury bills and government-backed Treasury notes of the USA yes, they are statistically. use the safe haven over time, however in this last little accident we had we didn't see any of them as a safe haven, so what does that tell you?

I tell myself if there is, as Arthur Hay says, a regime change and there will be If a massive transfer of value is coming, it is inevitable anyway he goes on to state that an asset is considered a safe haven if it is uncorrelated or negatively correlated with assets riskiest during the time of stress, whatever it is, so we're typically taking We're talking about the Dow Jones, the S&P 500, as it falls, then the uncorrelated asset should rise because it's negatively correlated with that riskier asset in that time, so they talk about we looked at these correlations from January 95 to February 2020 and I also took a look at March 2020 when the bull market ended and it sure did.

This is the stress index, which is that greenish bar right here and this is the S&P 500 and you could see that the stress index would be negatively correlated. that's not the important thing, the important thing is that Bitcoin has a weak positive correlation with the S&P 500 during periods of financial stress, suggesting that Bitcoin behaves more like a risk asset than a safe haven. It's true, I mean, we saw it in March and we saw it as the Sometimes the stock market didn't fall all the time, but sometimes Bitcoin followed the market's footsteps and you have to understand that there was an article written by him, it was a CEO defiant and said that look, if you're a hedge fund manager of institutional investors and you have some money in Bitcoin and you need some liquid, you know, some liquidity just to get bitcoins out, they're always there, the markets never close , so you just take them out very quickly and You can also take him out of the market when it opens and take your money out, then he says yeah, go.

If you are one of those people who took out your money because you didn't know what was goingto happen, it was an unprecedented and even gold went down now gold went up Bitcoin went up the S&P 500 up one I think the big challenge will be as time goes on and we start to see this big change, especially with quantitative easing and the rapid money printing exercise by the Federal Reserve is happening right now and will continue, this is bitcoins time to shine and I feel like if it doesn't make a move then it's not what it says it is, which I think It's a store of value now, I think it's I'm going to do that when people start waking up and realizing what the hell is going on, but let me know what you think in the comments section.

I am just a person expressing my opinions, but I will tell you the comments that you make. Leaving it helps me think and focus my opinions on the future, so I want to say thank you for that and I don't care if they are negative. Not really, they are negative. Sometimes it helps me push a channel into different ones. direction, so thanks anyway, we talked about the ten year Treasury, this is the correlation without stress, this is a correlation during stress and of course it is negatively correlated with gold, Bitcoin negative, slightly positive correlation, so it's not so good, table one sees everything and then table two. breaks it down from ten years ago or does its JIT from Gemini 95 to February 2020 and we take a look at that and then we move forward now we take a look at just March 2020 so you can see Bitcoin was 0.02 so really It was neither negative nor positive, but then moving towards March, we can see that yes, there was a positive correlation as far as safe haven is concerned, so table 3 shows that during March 2029 the assets exhibited safe haven behavior statistically significant in any period. 10-year Treasury gold or Bitcoin the result.

The 10-year Treasury is somewhat surprising, as it was a safe haven for every period of stress from '95 to February 20. 20 red garlis the duration and that's what the fall tries to do if it weren't such a big event. I feel like Bitcoin would have come out as a safer haven but it just crashed like everything else because everyone was scared and that's what happens, even though it's Croatia, the March 2020 S&P 500 is still negative, it's not statistically significant, the Gold has a positive but insignificant correlation, which is not surprising and isn't the entire Bitcoin sample positive?

It's positive that this least significant correlation seller or risk asset in March is great, so it's a risk cash as more than just a safe haven, so here are my thoughts here, they were there, right on this one. If you look at just the numbers, it just says yes, it didn't act as a safe haven, but neither did gold or banknotes, so what are you going to do in earnest because that's what we're all here for? Listen to this video. that's why you're here because you can see you're kind of futuristic and you can understand which direction the hockey puck is going so let's take a look at what I like to see is van eck van eck they're huge in gold and they just released in January 2020 a small article or PDF for all your people and all your investors about the investment case for bitcoins.

Now they have 49 billion assets under management, so it's not that bad of a place and they just laid it out pretty simply and I'm not going to go over the whole thing, I'm just on page 7, it was the most interesting part. Last time I posted it like, look, here's why bitcoin is superior to the dollar and gold and remember this goes for all of their employees to the people who invest with them saying this is where they really need to go. So fungible, it's interchangeable gold. Hello, the governor should say hello, so you can exchange it as much as you want.

Non-consumable, meaning it does not disappear. it's not like wheat or it's not like water it's not consumable hello hello laptop you can move it well gold yes you can but it's a real pain in the butt and the dollars you can surely compress them I guess hello and cryptocurrencies are hello, I would say that portability, if you're talking about the real dollar, the physical one, it's not really portable. I mean, the quickest way to get the US dollar from New York to somewhere in Europe would be to get on a plane because you don't particularly need it, it's the weekend you're not going to move those things that's just me and then lasting high moderate and high highly divisible moderately because you can't come up with or make gold divisible hit the melting dollar I mean you can do it but you have to do it we do trades and then crypto we just press a button and you can go to tens of thousands of Satoshi.

It is safe? It cannot be faked. Well, you know crypto, what bitcoin, you have to go through all the different nodes, which are over 50,000 and they have. verify every transaction, that's the best thing about blockchain, it's so secure, very secure, usually transactions are made with scarce gold, yes they keep finding gold every day so I don't see how scarce it really is and we know that as far as the shortage of the dollar. is low because they are printing like crazy and Bitcoin other assets are extremely high because bitcoins only have 21 million theorems they have a hundred and eight million, I think somewhere out there and then in the future you know different assets, they have different properties, government problems. decentralized and smart, so they pretty much just say, look at this column from top to bottom and then gold to here, so if you look at it from side to side it's a no-brainer.

What I think is that it's not going to work. be a store of value right now and the big problem is volatility and they even say that, let me see on the last page the risks of hacking of trading platforms, that is a problem unless you get a ledger, yes, or price volatility, if you consider it. as a store of value, it has to maintain its value over time and we just saw that it didn't, so once all this volatility goes away and we have Bitcoin, you know, let's say it's a hundred thousand to the right piece and it's pretty stable for years, then it becomes a store value, but you can't have it at 12,000 and lose 3,000 which is not a store of value and you can't really do anything about cryptocurrencies, not even stablecoins.

You can't do it because they're pegged to the US dollar, so you know, I'll say this, although during that March crisis a lot of people turned to the US dollar, so what are you going to do with me personally? I wish it would become more stable. right now it's not, I see it becoming, but if I were to store something, I buy land, I buy land, I buy property and especially the land pretty much retains its value, but that's a whole different video for a moment different, so we'll see. How it all works I see great things for Bitcoin to come, but not for the store of value at the moment, however, as far as gold is concerned, it is still far superior, keep going and last, if you have about a thousand XRP, this It would be worth six to seven thousand dollars now.

This will be a quick article because it is just about price action, so the chart seen below illustrates the point since the Crypton market found its last macro bottom in 2014, just under six years ago, xop has appreciated by 67,000 percent, while bitcoin only appreciates by forty thousand percent, only forty thousand, that means that you bought a thousand XRP at the last moment of 2014, that same sum would now be worth sixty-seven thousand dollars, in In particular, it's not all sunshine and rainbows because if you had reached the top during the Bitcoin bull run in 2017, if you had a thousand dollars six years ago, you would have been worth almost one million nine hundred and forty-one thousand, so I mean you lost a lot if you didn't. take out and that's why I'm always preaching, check out my video on the basics of lockdown, so if I had had that video, if I had known what I knew, in 2017 I mean, first of all, I mean, we would all have cashed out .

Let's be honest, no one would have Bitcoin at twenty thousand if we had known it would crash two three, so if we can always learn from the past, I mean, history just repeats itself, so the next bowling line that's coming definitely look. the basics of ballroom it's very quick it shows you exit strategies and it's very simple it's the simplest thing I can do because I'm a simple person anyway this article says hey, it's not all space, it's not all sunshine because There is a lot of room for it to fall, due to the double drawdown in key horizontal support regions and the fact that XRP is currently entering a region where there is historically little liquidity.

Both the pikmin chart below the merchant went so far as to say that this is probably one of the scariest attractions I have ever seen. I wouldn't want to have a bag holding this and yes, they are talking about going from 18 cents to fractions of uh, yes, fractions of a cent, so yes, maybe, but Bitcoin could also go to zero. I don't know who knows, but then Peter Brandt said of course not, he's a trader and he thinks bitcoins are going to zero, so I even tweeted him, but he also says that X RP is a major. disadvantage, so here's one, these are the final thoughts on this.

I always look at it as this Bitcoin at some point will be a store of value, it won't be for transactions because it's too slow, it won't really be for anything else. I can see that maybe I'm wrong, let me know in the comments section how wrong I am because I'm sure most Bitcoin max will tell me what I am, but I see it as a store value and I don't see you doing that. anything else now, I think it has name recognition and it's not advice that everyone knows, the song and people know it and I think it's the first-mover advantage and I think it will do very well in the short term, to medium and long term.

I have no idea. That's what the prospect of building it and doing something like a Lightning Network which I've heard is horrible or doing some other kind of things to make it faster because right now it's super, I mean right now it's slow, but is it? can you imagine if everyone activated Bitcoin as far as transactions were concerned it would crash and then of course if you remember in 2017 how much it was for the transaction cost it was huge so it stores a value that's it and then I mean which is okay because I think it's a little bit

better

than Gold and gold has been around for thousands of years and gold is expensive so I think Bitcoin could definitely participate if there is.

I see smart contracts and it challenges the chain like Oracle is for smart contracts, xrp is for payments and I'm going to say it. A lot of people hate XRP, but it's super fast, no one can go against those transactions per second. I think it's like fifteen thousand, ten or fifteen thousand. I think Visa is pretty much the same. I think Visa hasn't surpassed it, but I mean they can do that they can scale they're designed for that and they're good for payments now that's why I also have EEO it's called I don't do it like au s-- it's because they're my coverage, no I know.

What is going to happen to etherium? They are going to go to a proof of stake very soon. Any theorem 2.0, so they will no longer do proof of work. I don't know what will happen with that, so I hedged my bet. and these guys got the other smart contract, so we'll see what happens and that's it for today, so look, that's all I have. I want to say thank you for continuing the rant. I really appreciate it. Let me know what you think in the comments section below. I'm sure I said some things that may have irritated some people but that's how I see it and let me know what you think and maybe I'll expand my thought process, always looking forward to reading the comments section and if you like the kind of videos I want to put two plus one will be in what to say smart contract what is the link in the chain the other is what YouTube offers you you have no idea that's all thanks for listening see you next time