Mega Crypto Bull Market Incoming! - HUGE NEWS!Jul 04, 2023
This is without a doubt one of the most
bullish weeks I have seen in
cryptocurrencies. Things that would normally take months or years to develop happened in just a week. This week, institutional whales entered the arena, all wanting a piece of the
cryptocurrencies. pie and make me even more confident that the next Bull Run will be the biggest one yet, so in this video we'll look at how this Bull Run compares to the previous ones, how to protect your handicap from a potential 50 drops and then we'll finish with the crazy
newsthat was released this week, as always, if you enjoy anything in the video, please like it and thank you so much to everyone who did it right, so first now before we do too.
Let's get carried away and sell our houses, spouses and kidneys to go all in. Let's get a sense of how this
marketcompares to previous ones, so starting by keeping some perspective, this is my bull
markettracker as it is a chart. excellent that shows the big bull runs that have occurred and also the Winters cryptocurrency and focuses on the halving which is the line that goes through the middle and this is the number of days so it's about three months, three months and days to halve, so we are less than a year away. Now, just to put it into perspective, this
hugeGod Candle that just went to print over the last week is just this small print run here, not as big as it initially seems and with the crazy
newsthat's happened, it makes me more sure of that we are going to There is another mad dash involving institutions and banks, but this also highlights that the downside is not over yet, so green, this was the last cycle that happened, it was the big Covid flash crash, so this is A bit of an anomaly, but before that, cryptocurrencies did it. it actually went down over 50 and this was getting closer and closer to the halves so it can happen.
I don't think it's just going to be a straight line. Another thing worth noting is that this type of bathtub drop that we had here is increasingly likely that this is the bottom because even if cryptocurrencies drop 50, this area will still be tested, so as As time goes by, it is more and more likely that the bottom is there, we have to take this into account. It's true that due to a crazy inverted yield curve, inflation and a possible recession, there could still be some headwinds over the next six months, but we'll talk about that a little later and now, the crazy news that has dropped this week, so starting with a
hugemobile phone company has joined Polygon as a validator and normally news like this alone would be big news, but I'm starting small, then we have an olive oil producer which issues a stablecoin called Bond on a D5 platform, more information on how things are going. to be tokenized and this is French agriculture, so we know there is massive demand right now for short-term government bonds as interest rates are really high so a lot of investors are piling into money market funds .
Well, how about a cryptocurrency investment platform that offers tokenized finblot? treasury bonds so you can get tokenized versions of short-term government bonds, making it very easy to buy and profit from government bonds through cryptocurrencies, but this pales in comparison to what happened because the Bank of China reissued tokenized securities. Bonds on ethereum, so massive bullish news for Ethereum fans as China continues to overtake the US, so news that Hong Kong said Bank of China investment had issued around 30 million dollars in digital structured notes, so the bonds on the Ethereum blockchain, so this is a subsidiary of the Bank. of China, but is still state-owned and is the second largest bank in China.
Massive news, but it's still just part of this crazy week. Now everyone in crypto is probably getting tired of Gary Gensler and surprisingly, as part of this week, some US lawmakers filed a lawsuit with the SEC. stabilization law and the firing of Gary Gensler is included in it, so even members of Congress want Gary Gansler to bring a pleasant smile to everyone in crypto. People have had enough, so this was the big one, the
megawhale, the $10 trillion asset manager, BlackRock, entered the arena and introduced a Bitcoin spot ETF, so obviously this is incredibly bullish and legitimizes cryptocurrencies and shortly after we had $87 billion asset manager Wisdom Tree filing for its Bitcoin ETF in cash and then $1.5 trillion asset manager Invesco reactivating its Bitcoin ETF and then reactivating bit a bit your Bitcoin ETF.
Valkyrie joins the crypto gold rush by pushing its spot ETF for institutions to scramble to get involved and if that wasn't enough, the news continued, we had Deutsche Bank in Europe applying for the digital asset license to be able custody your cryptocurrencies in more banks. wanting to get involved and if that wasn't enough, from the press today Santander one of its asset arms has just received its cryptocurrency custody license as well and this is in France, more banks are getting involved with cryptocurrencies and finally if all that If not Enough to make you salivate, we had Citadel Fidelity and the Schwab cryptocurrency exchange for institutions up and running in the US, making this probably the most bullish week cryptocurrencies have ever seen and as was mentioned, before we run away, we need to keep our head on our shoulders, so yes, from what I can see, there are two main scenarios that could play out, so Bitcoin really retests this 30,000 level, if it manages surpass it, this will probably be a confirmation that it will never go back down to these prices and will probably quickly go to 40 000.
So do you have enough full transparency in cryptocurrencies? I actually made a purchase this week because of this crazy news and for me this was what happens if I make the wrong money and it starts to take off; however, it was only about 20 of available money because there is a thesis that virtually every time the yield curve divests and the US goes into recession, risk assets fall, so this 30,000 could be reduced half and back to 15,000, so do you have a plan in place in case that happens? It happens, but again, it is still very unlikely that cryptocurrencies will go down any more than what they are doing here now.
Traders will trade, hodlers will gather, so all I'm saying is don't get caught saying everything can go up, have a plan to In both directions, as you saw, this week has been a ridiculously bullish week for cryptocurrencies with the largest investment whale, BlackRock, entering the arena, we've had US bonds tokenized, we've had China bonds tokenized on Ethereum, more banks signing up for cryptocurrency custody Citadel Schwab and Fidelity going live with their cryptocurrency exchange crypto and then after BlackRock a whole avalanche of billion and trillion dollar asset managers all climbing over each other trying to get involved and all of this in just a week my prediction is three years from now on your friends and relatives.
They ask you when you got into cryptocurrencies and you say, well, it was when Bitcoin was down about 50 from its all-time high and before any of the Bitcoin ETFs went live, they'll tell you that you were very lucky, however, remember before running. Go out and sell a kidney with the yield curve uninvested and even with a potential recession looming, crypto could still make a 50 drop from here, so just have a game plan for either direction, even if it's just slacking off, but what a ridiculously good buying opportunity that would be. So there you are guys, I hope you've enjoyed what a crazy week it's been and I think even the most hardened Bears will have thought better of it this week and for now just to say if you enjoyed anything in the video please leave a me like it and a big greeting. thanks to everyone who does it and see you in the next video goodbye for now
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