2020 PATTERN REPEATING?! Bitcoin Stuck As History Signals Massive Breakout — Transcript

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1. 0:00Not too far down, but definitely in
2. 0:01recovery mode.
3. 0:03And this is what happens during
4. 0:05recoveries. It's not a straight shot
5. 0:07upwards. You have a lot of these dips
6. 0:10and valleys and and volatility along the
7. 0:13way. And obviously, we're facing some
8. 0:15macro stuff right now that I've been
9. 0:16covering.
10. 0:17We will get through it, though.
11. 0:19We're seeing good recovery.
12. 0:22ETH, not so much. Still seeing outflow.
13. 0:24For whatever reason, you still have this
14. 0:26outflow.
15. 0:27And then SOL, still have this outflow.
16. 0:30XRP, outflow. So, Bitcoin is the only
17. 0:34winner.
18. 0:36Only winner. But, if you look at the
19. 0:38last 30 days, 90 days, still overall net
20. 0:42positive by a long shot. Okay? But, you
21. 0:45know, sometimes market gets fearful and
22. 0:48they sell off.
23. 0:49It's just really that simple. But,
24. 0:51long-term holders continue to hold all
25. 0:53and DCA. That is the ultimate strategy.
26. 0:57That's really it.
27. 1:04VanEck launches diversify ETF combining
28. 1:07stocks, bonds, and Bitcoin together.
29. 1:10Ooh.
30. 1:11That's nice. That's nice. So, basically,
31. 1:13you don't you don't have to choose.
32. 1:15Right? You don't have to choose if
33. 1:16you're just holding gold or stocks or
34. 1:19Bitcoin or bonds in this case, right?
35. 1:22So, there are more products coming out,
36. 1:24which is good.
37. 1:26So, people
38. 1:28have more options.
39. 1:30And there is still more
40. 1:33adoption happening. Brazil's largest
41. 1:36bank, I mean, recently their their
42. 1:38election is very controversial. Their
43. 1:41president got a fourth term. I don't
44. 1:43know if that's going to stand.
45. 1:45But,
46. 1:47their biggest
47. 1:51the biggest lender becomes the first
48. 1:54bank to formalize crypto brokerage under
49. 1:56new rules. So, basically, they're going
50. 1:58to allow crypto trading and custody
51. 2:02starting today before even their
52. 2:05deadline, which is the 30th. So, they're
53. 2:07they're just like, "Yeah, let's do it.
54. 2:09Let's do it." So, this is going to open
55. 2:11up
56. 2:14crypto trading to
57. 2:16hundreds of millions of people
58. 2:19in Brazil. So, that's good. So, adoption
59. 2:21is still happening right in front of our
60. 2:23eyes. These are important things to
61. 2:26recognize as we move forward, right?
62. 2:29This is the reason why Bitcoin is
63. 2:30gaining traction, why it has so much
64. 2:32strength, why institutions are involved.
65. 2:36Right? Because of the growth, the
66. 2:38expansion, the adoption, everything.
67. 2:42Things that we've never had before. Even
68. 2:44in 2021, we didn't have stuff like this.
69. 2:47Especially not in 2017. It was just 100%
70. 2:50pure speculation.
71. 2:53Uh Scott Bessent also said the same
72. 2:55thing speaking at a Ripple conference.
73. 3:00He said the CFTC and SEC will both
74. 3:04implement rules and basically fill the
75. 3:07gap left by Clarity Act not passing.
76. 3:10Basically saying, "We don't need Clarity
77. 3:12Act." And this is what I said before.
78. 3:13You don't need Clarity Act.
79. 3:15The two top agencies could take care of
80. 3:19it.
81. 3:20Whatever needs to be taken care of, they
82. 3:22can implement it. New frameworks, new
83. 3:25regulations,
84. 3:27new [clears throat] laws. Maybe not new
85. 3:29laws, that needs Congress approval. But,
86. 3:31you know, they could create new rules.
87. 3:34So, and overall, we know they're all
88. 3:36very very bullish, very pro innovation
89. 3:40right now. So,
90. 3:42overall, good.
91. 3:45Good stuff.
92. 3:47Uh I don't even know about this company.
93. 3:50I never heard them. Data Vault AI. They
94. 3:53plummet 50% because they said a lot of
95. 3:57their Bitcoin is held by some small
96. 4:00exchange, and they're not able to get
97. 4:02it.
98. 4:05Uh
99. 4:07the the e-comy bi-
100. 4:10conomy
101. 4:12bit- coin bit- conomy
102. 4:15>> [laughter]
103. 4:15>> I can't say that. But basically, they're
104. 4:18stuck. Okay, so the
105. 4:20the point being, okay? This is why I
106. 4:23hate if you're going to trust
107. 4:25sexes centralized exchanges, you better
108. 4:28trust the big boys, okay? Like Coinbase
109. 4:32or Kraken or Gemini, you know, these big
110. 4:35guys that has been around for a while.
111. 4:37You don't put your Bitcoin, your 100
112. 4:40million, whatever Bitcoin into some
113. 4:43exchange that can go belly up or lock
114. 4:46your funds. But more importantly, also
115. 4:50>> [snorts]
116. 4:50>> self-custody, right? Some of these guys
117. 4:53could just simply store it in their
118. 4:55ledger or cold wallet or something like
119. 4:57that. Maybe maybe not the super big
120. 4:59guys, they for
121. 5:01regulatory purposes, they need to show
122. 5:03it's being held by a custodian. But for
123. 5:05a rest of you guys, you can do that,
124. 5:07right?
125. 5:09So, just be careful where you park your
126. 5:12crypto.
127. 5:14So, you don't end up with something like
128. 5:16this.
129. 5:17But then again, if you self-custody
130. 5:20you know
131. 5:21if you're own your own custodian, you
132. 5:23got to be very careful with the
133. 5:24password, with your recovery phrase,
134. 5:27right? Make sure those are secure, that
135. 5:30you're not going to fall for some
136. 5:32fishing attack or connect your wallet
137. 5:35somewhere you're not supposed to, right?
138. 5:37So, you still got to be very very
139. 5:39careful even though you hold your own
140. 5:41crypto. Maybe even more so than holding
141. 5:44within a big sex. So,
142. 5:46just
143. 5:49be careful.
144. 5:52All right, last few things.
145. 5:54This is what it's looking like right
146. 5:55now.
147. 5:57Right?
148. 5:58We're waiting
149. 6:00to break out of 87k. We have not been
150. 6:03able to do so, and right now we're
151. 6:04hovering around 80.
152. 6:06Not too far down, but definitely in
153. 6:08recovery mode.
154. 6:10And this is what happens during
155. 6:12recoveries. It's not a straight shot
156. 6:14upwards. You have a lot of these dips
157. 6:17and valleys and and volatility along the
158. 6:19way. And obviously, we're facing some
159. 6:21macro stuff right now that I've been
160. 6:23covering.
161. 6:24We will get through it, though.
162. 6:26We will get through it like every single
163. 6:28time.
164. 6:29We find a way, and we
165. 6:33recover. Just like 2022, look at it.
166. 6:36We're stuck in the 20s,
167. 6:38below 20
168. 6:41for most of 2022.
169. 6:44Okay? Until we recovered. It took years.
170. 6:47It We didn't break out from 30
171. 6:51until like basically 2024. So, I mean,
172. 6:55the way we're moving now is way, way,
173. 6:58way faster. Way faster than previous
174. 7:02cycles. So, just know that.
175. 7:05>> [snorts]
176. 7:07>> And here's one. Speaking of that bottom,
177. 7:10pretty similar.
178. 7:13History doesn't repeat, but it tends to
179. 7:15rhyme, especially with these patterns.
180. 7:18Right? It's not exactly the same, but it
181. 7:21kind of looks the same and it kind of
182. 7:22feels the same. But the timeline
183. 7:24obviously is not the same. If you look
184. 7:27at it in 2023, 2024, spread out over
185. 7:30many, many, many, many, many more months
186. 7:33than what we're seeing now.
187. 7:38>> [snorts]
188. 7:38>> Yep. Yep. Yep. Just hold all and DCA.
189. 7:43That's it.
190. 7:44That's it.
191. 7:46Uh [snorts] Coinbase says their system
192. 7:48was not breached, although
193. 7:52one of their analytics vendor
194. 7:54uh did get breached and lost some
195. 7:57customer contacts. So, they're they're
196. 7:58trying to figure out who, but overall,
197. 8:00Coinbase is trying to say they're safe.
198. 8:03They have not been breached. I mean,
199. 8:05you're just hearing about this left and
200. 8:06right.