BITCOIN – THE $1.4 TRILLION CHINA BOMB JUST GOT LEAKED! #Finance

how’s it going everyone it’s Sam big things are happening right now we have leaks coming out from China that could cause a bit of a boom I think in in the market we also have news that we’re pretty much locked in for a 25 basis point rate cut this is coming from Black Rock

here today with Larry fin saying we are going to get at least one rate cut this year but we also had some data com in today that looks very promis missing as well for that rate cut and some news about Bitcoin all right if you don’t mind hit subscribe turn on the Bell notification underneath

the CashNews.co so you can see the next CashNews.co as soon as it comes out like I said this is the time to be tuning in you want to hear the news as quickly as possible these days in the bare Market you can go a few days tune out if you need to go on vacation now is not the time to do it because

now is the time where you need to be agile you need to be paying attention you need to know what’s going on because things can change so quickly as I said in my CashNews.co this morning the setup looked great and I’ve been saying this for months I’ve been saying this for a very

long time the four higher highs and then the retest of the prior resistance and then this morning in my CashNews.co I said you know we moved all the way up to 715 yesterday and all we did was come down to 7,700 barely barely any dip it’s cuz it’s Larry o’ clock as I said in the

last CashNews.co like we don’t we don’t have to wait long because these ETFs continue to buy up and now we’re at 72,500 I mean take a look at how close we are to all-time highs

right now uh to go up to 73,000 let’s just call it 74,000 even uh just to really really uh jump above where we have been in the past is 2% 2.14% so not much of a jump at all if you want to trade by the way if you want to trade this Market if you want to play this breakout or you think

we’re going to get rejected there is link underneath the CashNews.co to Marx where you can start trading in just a few minutes because there’s no kyc and you don’t need a VPN to start trading I’ve been talking about this and it’s done everyone quite well I’d say

that has uh done this that hasn’t been too greedy as you can see there’s only one other time that we got rejected around this level 20 uh 727 and then the alltime high 73,800 keep in mind there’s still a lot of altcoins that are far away from their all-time Highs but Bitcoins is

looking extremely bullish part of this might be due to the news about China which we’ll get to but first of all we did get job openings uh revisions today job openings fell in September and were revised down for August putting the three-month average at its lowest level since the reopening in

Spring of 2021 there were fewer than 1.1 posted job vacancies for every worker counted as unemployed in September so job openings got revised down this makes people think well the labor market might not be quite as strong so we do have to have rate Cuts so yeah now there’s a 99.1% probability

of a 25 basis point cut in about a week keep in mind we do want the labor market to be strong we want Inflation to be down as well that’s the Goldie Lock scenario that’s the best scenario so hopefully these job openings falling doesn’t necessarily mean that the

economy is going to perform poorly we don’t want that we want good jobs numbers we want lower Inflation as well and hopefully the FED continues to lower rates this also changed uh well it slightly changed the probability for December 18 but as you can see there’s still

just like a about the same chance 68% chance versus 71% chance that we’re going to see maybe another 25 basis point cut after this meeting so right now the market is pricing in 225 basis point cuts there was also a clip floating around Twitter of Larry fin saying and he’s the CEO of

Black Rock saying that we’re going to see at least 25 basis points throughout the rest of the year there are a lot of liquidations happening right now in Crypto we continue to move up

keep in mind there could be downside volatility too like we’re not going to go up forever but this is very bullish I think we’re in a very bullish situation that’s why we’ve been moving up so much that’s why I’ve been so bullish um it seems like everything is

trending in the right direction Black Rock and and the other ETFs are just swallowing up a bunch of Bitcoin we have Liquidity coming back into the system right now it looks like

the market is betting on a trump win which could stimulate the economy cause more growth cause more Debt which could cause people to turn to bitcoin as a way to hedge Inflation also uh it looks like the economy is doing fairly well overall and it looks like rate

cuts are coming overall I think it’s a great time to be in Bitcoin also because there are a bunch of companies that are now considering by Bitcoin demand uh is there interest amongst retail investors isn’t quite there yet you can see over the last seven days we just started to see a

spike yes like last night us hitting 71,500 caused a spike but the surge volume is only up about about 70% from just like a normal night or normal morning like this is not a huge increase I think people generally uh seem to search when they wake up they’re like oh what happened with Bitcoin

last night and they search for Bitcoin as you can see here we’re at 100 and we’ve been at you know 60-ish every single day in the last week so it’s not like too much is changing right now in terms of retail interest starting to move up a little bit but not a ton now rajit Sony CFA

says one Bitcoin is worth more than 100,000 Canadian for the first time ever so like I said in my last CashNews.co we can compare Bitcoin to the US dollar a lot uh because that is a lot of people’s preferred currency but when you compare Bitcoin to other currencies it’s already hitting

all-time highs Bitcoin dominance is moving up to we’re within spitting distance of 60% you can see here we’re at 59 thou uh 59.94 per. looks like we may be hitting 60% here very soon now part of the reason Bitcoin could be moving up today besides all the other stuff I talked about China

apparently is considering over A4 uh $ 1.4 trillion Debt package over the next few years and apologize for the dog barking I’m sure she’ll be done in a second but apparently this is getting leaked today China is considering approving next week the issuance of over 10

trillion W or 1.4 trillion in extra Debt in the next few years to revive its fragile economy a fiscal package which is expected to be further bolster if Donald Trump wins the US election this is according to two sources with knowledge on the matter China’s top legislative

body the standing committee on the national people’s Congress is looking to approve the fresh fiscal package including 6 trillion one that could be partially raised via special Sovereign Bonds on the last day of a meeting to be held November 4th through November 8 interesting

they’re doing this right after the US elections right after the next fed decision now uh this is going to be raised over three years the $6 trillion do and uh I I feel like this is coming pretty soon after we heard about the other China stimulus it wasn’t too long ago I’d say

probably within the last month that there was a lot of news over about onee period of other China China stimulus from uh stimulus checks for people in poverty to giving companies money to basically issue stock BuyBacks they’re they’re stimulating a lot and you have to remember too the

world is just going into more and more Debt all the time the US is close to 36 trillion in Debt and just a few days ago we went up 30 uh 30 billion in Debt in one day China is at about 15 trillion in Debt Japan at 14 trillion

Germany much less than that 3.4 UK 3.8 the public Debt to GDP though for all these countries is around 80 to 300% okay there’s a reason why Japan keeps their rates very low because imagine imagine the public Debt to GDP being at 300% and them having high

Interest Rates they would not be able to pay the interest on those uh on those uh notes so the fact is that yes well the the US government has a Debt to GDP of 89% a lot of countries are worse off so that’s why people are turning to Bitcoin in my opinion at

least one of the reasons now people turning to bitcoin also causes a lot of traders to want to get in on bitcoin it also causes a lot of short shorters shorters a lot of people that are short Bitcoin to get destroyed and the price goes up the only thing is you have to remember there’s a

finite Supply so so when a lot of people want in they have to pay very high prices they have to pay higher and higher prices very exponentially because there’s not going to be any increase in Supply This Is Not Gold if gold went up to $5,000 an ounce today there are a lot of people that would

start looking for gold or would increase operations would pour money into mining operations for gold and there are a lot of things that might be cost- effective then that aren’t cost- effective now well I guarantee you right now that if Bitcoin goes up in value they’re going to be more

miners but they’re mining the same amount of Bitcoin right there’s nothing they can do to get more Bitcoin besides pay more let me know your thoughts on all this underneath the CashNews.co again just a beautiful setup like I’ve been saying this for the last year basically I

don’t think fundamentally we could have any better setup for Bitcoin and everything has played out pretty much perfectly and now from a you know from a technical standpoint it looks extremely bullish now maybe we get rejected at 74,000 maybe something happens in the election that the market

just hates and then we turbo dump down do I think that’s going to happen no but it could so make sure you know what you’re doing out there especially if you’re using leverage now let me know your thoughts on all this underneath the CashNews.co let me know what you think about

Bitcoin right now thank you so much I appreciate it again check out the links underneath the CashNews.co to marj I have multiple CashNews.cos talking about different strategies too just look up my financial friend Leverage trading strategy and some CashNews.cos will come up there’s uh various

skill levels to from beginner to more strategic uh Advanced strategies thank you so much I’ll see you all in the next one