BITCOIN – MASSIVE NEWS FOR THE ENITRE CRYPTO INDUSTRY! #Finance

how’s it going everyone it’s Sam we just got some pretty huge news last night that we need to cover it is Crypto related and it shows you where the big players are coming

in what they’re so focused on and that Liquidity is actually going up we also have some interesting data showing the sidelined money and whether it’s flowing into Assets yet uh risk Assets also we had one of the best weeks in recent

history for the Bitcoin ETFs yet Bitcoin is falling here today we’ll talk about that too if you don’t mind hit subscribe turn on the Bell notification underneath the CashNews.co so

you can see future CashNews.cos just like this also be on the lookout I am going to be posting a Michael sailor interview where he answers a ton of questions that a lot of newer investors have uh I’ll be posting that a little bit later today so be on the lookout for that also if you want to

trade Cryptocurrency check out the link underneath the CashNews.co to Marx here’s a position that I opened and I opened it on 20x with salana as collateral but I’m trading Bitcoin

since then bitcoin’s up about 133% so I’m up about 260% but salana is actually up more than that it’s up about 20% uh 22% in that time so this trade has performed beautifully for me cuz I have the 260% return but it’s 260% on the original collateral which has also gone up up

20% so I have an insane return we’re talking about more like a 300% return in US dollar terms so if you want to trade something like this or if you want to trade like this there’s a link to Marx underneath the CashNews.co they’re the only place I know that allows you to use

different forms of collateral like this on trades so definitely check that out underneath the CashNews.co there’s also a link to btcc these are my two favorite exchanges right now uh btcc allows you to trade hundreds and hundreds of different

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptos so if you want really deep Liquidity if you want a bunch of other Cryptos that you can trade like

I have core in my Portfolio this is one of my larger Holdings if you want to trade that on Leverage you can go up to 250X leverage on btcc both of these allow you to do this without using uh VPN and they don’t kyc so check out those links underneath the CashNews.co

let’s start here Bitcoin falling you could actually see Bitcoin dominance falling as well from 59% down to 58.4 we did actually have alts running let’s check on that right now because with Bitcoin Falling A lot of the time we do see alts start to fall too salana did go up to about 160

last time I checked 165 uh actually and now yeah it’s falling from 171 down to 160 as bitcoin’s falling as well now salana still looks pretty bullish bouncing off of that support there uh the previous resistance Bitcoin falling down below this trend line we’ll have to see does it

gain strength we do often times actually see this on uh the first of the week when people think the inflows are coming in someone dumps a bunch of Bitcoin forces it down and then we grind up the rest of the week so I I would not be surprised if we uh had a little bit more volatility but then saw

uptick uh for the rest of the week at least that’s what happened that’s what’s happened recently you can see uh the traditional Market Market aren’t really moving too much we do have a big week though uh as we do have a lot of earnings take a look at this today there’s

not much going on but tomorrow we have Verizon GM 3M nphase Texas Instruments and then uh we get into the big day Wednesday Tesla announces earnings after the market closes IBM uh before the before the Market opens even we have AT&T Coca-Cola Boeing so a lot of things that could uh change up

the market a lot of earnings calls where people will be looking at how these uh how these companies feel about the consumer how they feel about uh Rising prices all that kind of thing the the higher rate environment then we have upsot people look at these kinds of delivery uh companies it gives us

an indication as to how much people are buying and Southwest American Airlines keep in mind next week we do have a lot of companies uh that are in the tech space that are going to be announcing earnings as well well so a lot going on here over the next couple weeks with earnings so be dialed into

that a lot of people will be watching that we are approaching the banana Zone everyone wants to hear that everyone wants to see that and as you can tell by this very scientific chart it’s coming I’m joking here cuz it’s just the boring Zone and then the banana Zone you know uh

when we approach all-time Highs at least when we’re up multiples from the bottom we kind of have this sideways chop area and then we typically go parabolic we’ve had the sideways chop area around the prior alltime highs you would expect us to go parabolic here soon and M2 money supply

is moving up as we can see here it is relatively close to the peak of 2022 right the beginning of 2022 but we are in an uptrending environment for M2 money supply which is typically good for risk on Assets keep in mind Bitcoin was only 6% away from alltime highs it just hid keep in

mind it just hit 695 today so it was very close to all-time highs ethereum is 43% away from alltime highs salana 36% xrp 83% Dogecoin 80% cardano 88% chain link 77% vchain 91 Gala 97 let me know in the comment section which you think is the best risk uh risk to reward ratio at this point in the

market this is big news stripe acquired stable coin platform bridge for 1.1 billion in Crypto’s largest acquisition so payment company stripe acquired stable coin platform bridge in a

$1.1 billion deal now I’ll be honest I have heard of bridge before but I wouldn’t have been able to tell you what they did uh up until this point but they allow uh people to or they offer software that helps businesses accept payments and stable coin and signals and expans of Stripes

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto adoption efforts Mark another one another company that is getting big into the none;">Crypto space that is a you know a payment provider or payment processor that uh wants to be able to accept Crypto we’ve heard from Visa Mastercard those companies diving into

Crypto a bit as time goes on but I’m not sure we’ve seen something like this right this is the largest #1a73e8; text-decoration: none;">Crypto uh buy that we’ve ever seen $1.1 billion keep in mind this is relatively recently after uh Bridge raised 58 million and was valued at 200 million look at this uh Bridge Fundraising for stable coinbase payment Network totals 58

million Bridge founded by square and coinbase alumni recently raised 40 million in a round by led by seoa and Ribbit uh I’m not sure exactly when this happens or happened looks like the Friday before this article and this is just like at the end of August of this year so so we’re

talking about 2 months ago they’re being valued at 200 million and now they’re they’ve sold for 1.5 uh 1.1 billion I mean that tells you they are coming at this in a position of strength like they’re they’re not begging stripe to come buy them they realized that

they’re probably going to blow up this next Bull Run and they just sold at five times 5 and a half times what they just were valued at that is absolutely insane and this is really good for none;">Crypto in my opinion uh this this helps us because this gets more money behind these companies to push uh this kind of product adoption right would you rather have a company that has $10 in their bank account to try to fight for you or a company that’s worth you know tens of

billions of dollars they’re probably going to get a lot more done they’re going to put a lot more manpower behind their products and development and they’re going to be a lot more places that accept stable coin there’s more flow of money into stable coins there’s more

flow of money into Cryptocurrencies there are more people watching there are more people uh giving these kinds of entrepreneurs exits which means that they have more money to maybe throw at

the market you know this kind of stuff continues to circulate money within Crypto and can be quite beneficial to text-decoration: none;">Crypto prices in my opinion now keep in mind a lot of people are thinking well who’s going to buy Bitcoin at 70 ,000 80,000 they’ve been able to buy for 15 years underneath these prices but Thomas from he Apollo reminds us higher prices unlocks more

Capital the Nimble ones are buying now but the bulk of Pension funds will see Bitcoin as investable when it has a market cap 5 to 10 times its current value right they’re not trying to go out and buy $10 billion worth of bitcoin and shoot up the price 30% no they want to be

able to buy into a mature asset class that doesn’t have a lot of questions left unanswered they want to buy when bitcoin’s at51 trillion like they do with Bitcoin they’re not trying to get or like they do with gold they’re not trying to necessarily get a 50% return with a

bunch of volatility no they would like a 5 to 10% return with less volatility where they can go and uh diversify their Portfolios a bit most sovereigns will come even later than this Germany for example will buy Bitcoin when Bitcoin is worth millions I’ve said this before

that I think there are some institutions there are some individuals there are some investors that just don’t want to buy an asset when it’s too small there’s too much volatility even if it outperforms there’s just too much risk especially when you’re managing other

people’s money and you have to answer to them right I I I get where people come from that they don’t want to be answering questions when bitcoin’s down 60% as to why they put money in there even if it’s not a sizable amount of the Portfolio they’re

still going to have questions and people are still still going to be pissed off so I think this is going to be bullish as we continue to get bigger we’re going to continue to unlock more and more Capital and that’s already kind of happened with options being allowed on

bitcoin you think that would happen if Bitcoin was A1 billion asset class no it happens because we’re a trillion dollars and more money wants to flow in and more money wants options right so it is kind of interesting how this develops over time we’re seeing in real time a asset class be

developed over just a number of years a roaring Stock Market nor a 50 basis point rate cut has been enough to coax investors out of cash as Money Market funds remain at Peak levels of $6.4 trillion probably when rates get below 3% that may do the trick but to be

honest it’s a bit baffling that some hasn’t left the sidelines yet so we have still Money Market Assets continuing to move up s Spy continuing to hit new highs rates coming down and yet there’s still a lot of money on the sideline now I still have

some money on the sidelines actually in Money Market funds as well that’s cuz it’s a percentage that I like to keep in cash for either expenses or for an opportunity fund I already have allocated so much to color: #1a73e8; text-decoration: none;">Crypto that I’m just sitting on my Money Market funds and I get some other people may want to do this too mine’s more of an opportunity fund than me being I’m not like 40% cash waiting for some kind of major downturn but

I think as time goes on the people that are sitting in a bunch of cash waiting for a downturn or just getting Yield you know the really wealthy people they’re like well I have $10 million at the bank I have $10 million in stocks I have 10 million in Real

Estate I’ll just live off the 10 million in the bank I’m getting 450 Grand a year I’ll just live off that they’re going to be less and less people that can do that so then they’ll go look for Yield or uh some kind of asymmetric upside and then

they’ll come into Crypto cuz they’ll probably fomo when bitcoin’s hitting 100,000 I saw a CashNews.co and I don’t really like to show these CashNews.cos because I think

sometimes they’re manipulated but I saw a CashNews.co of someone going around and asking people saying that they would pay them if they knew what price Bitcoin was at and again I don’t really like to show it because I think you can cut it to make it look like we’re so early no one

knows the price of Bitcoin but I got the sense that really this wasn’t cut too much uh and people really outside of our bubble don’t know the price of Bitcoin that’d be an interesting thing if you have the courage to do it ask someone at I don’t know a rock Climbing gym or

your normal gym or at school or something ask them if they know what the price of Bitcoin is I bet you they have no real idea now moving on last week we saw the biggest 7-Day inflow into Global Bitcoin etps since March 34k Bitcoin 34,000 Bitcoin now these uh etps hold 1.1 million Bitcoin over 5% of

all the Bitcoin that will ever be mined keep in mind this is what moves Markets these kinds of massive weeks uh can push up the Bitcoin price pretty quickly now it’ll be interesting to

watch what’s happening today you know is this just some whales manipulating trying to force down the price liquidate some Longs and then we continue moving right back up or was this what all the shorts were waiting for I would love to see a break over 70,000 keep in mind there may be some

volatility before then though again if you want to trade check out links underneath the CashNews.co to Marx and btcc let me know your thoughts on all this underneath the CashNews.co I am quite bullish on bitcoin if you didn’t see my CashNews.co yesterday I give you some of the reasons why

that is so definitely check out this CashNews.co right up here appreciate it see you in the next one bye