RUMOR HAS IT SOMETHING BIG IS COMING! AS BITCOIN EXPLODES IT DOES NOT MOVE LIKE STOCKS! #Finance

how’s it going everyone it’s Sam Bitcoin has done extremely well over the last couple weeks and it’s built different I want to go over a recent tweet that really explains why Bitcoin is very different from stocks in terms of uh when the price goes up it’s pretty

interesting it’s a different way to think about it also there are a lot of hints being thrown out that there are some big things happening in the background right now hints from very important people within the Bitcoin Community I want to go through that also talk about the market in general

cuz we are seeing some pumpage happening it’s nice 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 there’s going to be a link underneath the CashNews.co to Marx where you can start

trading Cryptocurrencies using leverage uh they allow you to use all different forms of collateral for example earlier this week I put a 61x trade on bitcoin but I used I used chain link as

collateral in that time chain Link’s gone up 30% just in the last 3 or so days it’s gone up 30% and bitcoin’s also gone up a solid I think 5% or so so my position is up about 200% um and because of that uh since I use chain link I actually am up even more than that cuz my

underlying collateral is up 30% while the trade itself is up 200% so it’s looking quite good right now like I said just up a significant amount and this is the only place that you can do it on Marx uh because you can use different forms of collateral for example you can trade uh Bitcoin with

Caspa or with usdt or with usdc or with chain link or with avax and all that kind of stuff uh we also have a link to btcc underneath the CashNews.co they’re doing a massive giveaway you can get a 10% bonus on the firsttime deposit you get lower trading fees as well and I’ve been placing

some trades on here I really like the platform so definitely check it out under the CashNews.co now let’s start here we had some pretty big inflows again from the ETFs 3 days ago um we had

600 million in inflows two days ago we had $1.4 billion in inflows and then this is yesterday’s so we had basically nothing from gbtc and grayscale mini EBC with an $18 million inflow bitb with 23 million hodle with 13 million so we’re basic basically at 55 million right there fbtc 34

million and then ibit with a $26 million day so we had about $300 million in inflows just short of 300 million that’s a lot that’s 10 times the daily issuance of Bitcoin swallowed up just by a couple text-decoration: none;">ETFs right one day of buying this doesn’t seem like it’s going to stop anytime soon either I mean you can see the price action it just looks extremely bullish on bitcoin we continue to see higher highs higher lows we’re also hearing really good things

in the background this is Dennis Porter he is the CEO and founder of the Satoshi act fund which basically tries to uh protect bitcoiners trying to pass more Pro Bitcoin legislation he’s working with some different legislators on creating like State Bitcoin reserves he says just today wow just

had a huge phone call I’m not gonna lie I am more bullish today than ever huge things are coming if you’re a reporter you may want to hit me up this is going to be big so last time he talked about this it was something related to bitcoin legislation which was bullish but it’s not

like the flashy headlines that you might see where some company necessarily buys Bitcoin it could be it could be that he’s helping a state buy Bitcoin right now who knows but uh this will be interesting to see how this unfolds I think uh this will be interesting to see you know who’s

the first state to buy Bitcoin right and will they front run the US buying Bitcoin or holding Bitcoin the Satoshi act fund says we’re receiving massive inbound from lawmakers across the world for Bitcoin legislation the world is changing rapidly if you blink you might miss it keep in mind all

these countries have Assets that are inflatable right even even something like gold you can find more gold you can mine more gold um maybe one day we’ll be able to create more gold stuff like that but you can’t do that with Bitcoin right like the fact is it’s the

only thing that’s truly scarce Hunter horley who runs bitb I believe bitwise um he says a key way that Bitcoin is different from equities reflexivity when a stock goes up the multiple goes up as well at a certain point people say this is overvalued and becomes less and become less interested

until the price goes down but Bitcoin is different when bitcoin’s price goes up people view it as more likely that it will succeed and therefore will be even more valuable and so it’s likely to go up even further a powerful Dynamic I’d say that’s true a lot of people do try

to compare Bitcoin to equities and I understand why they might do that because it’s a different asset that you can invest in that provides a return but it is very different I think we’re still at that point where maybe in a lot of people’s minds they still think Bitcoin is too

hard to understand or they think it’s garbage or something like that there are people that think that right but when you know when Black Rock comes in when Nations start buying maybe they’ll think there’s something there and if the price goes up more they feel like they missed out

more maybe they’ll pay more attention to what Bitcoin is instead of just that it’s some hype hogwash you know fagi fugazi type of asset they’ll understand it uh and I I do think there’s something to be said for the fact that as it goes up more too it’s very different

from equities where they do some people feel like it’s overvalued of course that does happen but a lot of the time people are looking at like a technical level like okay where’s the 200 we moving average and if it spikes up faster that 200 we moving average also moves up faster so the

more it moves up in price maybe the farther away from the 200 week it is but the faster that the maybe the true value of Bitcoin which is the 200 week or the bottom value moves up so I think this is an interesting take and yeah the fact is as it gets bigger too more people are willing to invest in

Bitcoin because of the fact that it’s more likely to be around it seems less risky there’s a little bit less volatility there’s more decentralization of the coins etc etc we’re actually seeing eth move a little bit today this is the ethereum Bitcoin chart as you can see for

the last two years it’s been just straight down with lower highs and lower lows I think before getting really bullish on this I’d want to see it move up closer to the top of this range which you know is another 20 25% uh before I would think they would really break out because

it’s still in this downtrend uh if you just look at the last couple months though maybe last six months does seem like this is a pretty like sizable move CU you can just see it breaking out versus these last few downtrends uh or the these last few higher uh lower highs and you can see it here

too let’s look at ethereum eth versus usdt it is breaking up uh to the upside uh to about 3,000 which we haven’t seen you know we haven’t seen a sizable move above 3,000 I think anytime recently let’s actually look at the one day here yeah you can see it’s been right

around this price uh for just today but but scroll out and it’s it’s been a while Let’s uh look it was at 4,000 I remember it being at 4,000 a while ago back at the beginning of the year when things were starting to take off but yeah just a big move down it went from 33 all the

way to 21 back in July and August when uh the German government was dumping Bitcoin but you can see yeah there is a breakout here so it is looking bullish hopefully it continues to Trend up hopefully it can break this $4,000 Mark keep in mind Last Bow run it went to about 5,000 almost 5,000 so

it’s still off of the high by about 40 40% or if you think about it this way it would have to go up 66% basically to hit a new all-time high maybe 65% so it’s still got a long way to go but alts are running we do have uh some alts running uh I’m going to be talking about suie

today and I’m going to be talking about salana tomorrow with Tyler Hill so be on the lookout for that overall the market looks pretty bullish let me know your thoughts again if you want trade none;">Crypto there’s a link to btcc and to Marx underneath the CashNews.co thank you so much for watching I’ll see you all in the next one