Episode Transcript
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1:59
and every day. Checking out here
2:02
we can see on Coin360 Bitcoin
2:04
is consolidating currently trading above $34,400 down
2:06
just 1% for the day. With the Bitcoin dominance
2:11
as you can see is above 52%. We have
2:13
Ether barely holding on to $1,800 while
2:16
Solana, XRP and Cardano are breaking
2:18
out and in the green. But this is just the
2:20
one day. Sometimes we've got to zoom out for
2:23
some perspective. In the past seven days
2:25
Bitcoin is up a whopping almost 15%. Solana
2:27
up almost 20% Ether
2:30
up 8%. XRP up 11% and BNB up almost 5%. Again
2:32
when in doubt zoom out.
2:37
Let's look for the past month. Bitcoin is up
2:39
almost 28% in the past 30 days.
2:42
Not too shabby for the king crypto. Ether
2:45
up 8%. Solana up a whopping 71%
2:49
and Cardano up over 20%. Can
2:52
you say bull? And checking out coinmarketcap.com
2:55
the current crypto market cap stands
2:57
tall at 1.27 trillion. We're roughly 38
3:00
billion in volume in the past 24 hours. We've got the
3:03
Bitcoin dominance at 52.8% and
3:05
the Ether dominance on the decline
3:07
at 17% even currently.
3:10
And checking out the top 100 crypto gainers of the past 24
3:12
hours we have Thorchain up 14%. We have Arweave
3:15
up 10% and Cosmos up 7.5%. And
3:20
checking out the top gainers for the past week Pepe
3:22
is up 51%. Conflux
3:25
up 42%. And Gala up 41%. Pretty
3:28
massive gains overall for the altcoin market.
3:31
And checking out Crypto Bubbles it shows
3:34
us the top gainers for the past week. We
3:36
have PLS up almost 18% along with Hex
3:38
up almost 11%. Rune up 15%. And
3:42
RLB up 12%. And
3:44
checking out for the weekly you can see massive
3:46
gains again. Checking out for the monthly
3:49
even more massive gains. And let's check out the Holy
3:52
moly! Coz is up 2,600%.
3:55
What about the market cap plus the weekly?
3:57
You can see the king is the biggest
3:59
bubble.
5:59
Ali Greer, head of America's Sales and Galaxy,
6:02
who shared the following, the flows we have seen
6:04
reflect everything that's illustrated
6:06
here in what's in the market in a listed space,
6:09
an uptick month over month from quarter
6:11
three to quarter four, interest in the calls
6:13
that we have been highlighting, and as we started
6:15
highlighting the short gamma, the noticeable
6:18
difference between Bitcoin and ETH in early October
6:20
actually was the first time we started talking about this.
6:23
It was incredible to see that play out once
6:25
we got the catalyst for the spot to break,
6:27
that it's in range and it seems to be chasing
6:29
in the spot and see spots settle down in
6:32
the mid 30 from when we started talking
6:34
about it was in the mid 25. We have
6:36
seen interest in upside now that the volume
6:38
is higher and the call scoos are a little elevated,
6:41
seeing those strikes roll out so that the peak gamma
6:43
at that time when we would assess this in early
6:45
October was roughly 32,000. Now
6:48
it's around 36 to 40,000 and
6:51
from the perspective of TA, traders
6:53
are eyeballing the bull pennant pattern. Now
6:55
this formed on the daily timeframe along
6:57
with the birth of a golden cross, which
7:00
we all know is bullish catalyst as outlined here
7:02
in the Bitcoin one day daily chart. So
7:04
for the short term, the catalyzing move
7:06
to be on the watch for is whether or not the Bitcoin
7:09
price move through 36.3 leads
7:11
to escalating pressure on the shorts. And
7:14
if this triggers a rapid uptake and spot buying
7:16
volumes as options and perpetual future traders
7:19
are forced to cover their positions
7:21
or face liquidation, essentially
7:23
one would see the aggregated short liquidation
7:25
surge as the spot volume peaks, a
7:28
process that is documented in the following
7:30
chart. And according to Alex Thorne,
7:32
the head of firm wide research at Galaxy,
7:35
the Bitcoin gamma squeeze from last
7:37
week can happen again. That's if it
7:39
moves higher to 35,750 to 36,000 option dealers will need to buy $20
7:41
million in
7:45
spot Bitcoin for every 1% upside
7:48
move, which could cause the explosiveness
7:50
in which we begin to move up to those levels.
7:53
So there you have it. Let me know if you agree or disagree
7:56
with the crypto analyst and
7:58
quoting Max Kaiser, the hype. Bitcoin
8:00
is the new, New Testament, so adjust
8:03
your thinking, accordingly, preach.
8:06
And as I pointed out here, the Bitcoin difficulty
8:08
has soared to a record 62.46 trillion. And
8:13
as we all know, as the fundamentals and the
8:15
network gets stronger and stronger, Bitcoin
8:17
just becomes that much more secure. So
8:19
it's a beautiful thing. Now let's break down our
8:22
next story of the day and discuss this difficulty
8:24
hitting an all-time high, which is a great indicator
8:26
for the network. Here we go. There's
8:29
a 6.47% increase October 16. The
8:32
Bitcoin difficulty has risen again. October 29,
8:34
the block height of 814,464. The
8:39
network saw a 2.35% boost
8:41
in difficulty, moving from 61 trillion
8:44
to a new high of 62.46 trillion.
8:47
Soon we're going to be in the quintillion range, like
8:50
the hash rate. This development has made
8:52
mining Bitcoin block rewards more challenging
8:54
than at any previous point in Bitcoin
8:56
history. But despite this increased complexity,
8:59
the miners remain unphased. That's right.
9:02
Sustaining a total hash rate of just above 450
9:05
quintillion extra hashes per
9:07
second, which is outrageous. Currently,
9:10
the block times remain below the 10-minute
9:12
average, with data indicating speeds ranging
9:14
from 9 minutes and 17 seconds to
9:16
slightly above the 9-minute mark
9:18
per block. A total of 42 mining
9:21
pools are contributing to a minimum of 3 gigahashes
9:24
per second to the Bitcoin blockchain. Furthermore,
9:26
nearly 17 pools boast upwards
9:28
of 1x hash per second of hash power dedicated
9:31
to the Bitcoin mining. And in October 30,
9:33
today, around 26 mining
9:36
pools are operating with approximately 1
9:38
petahash per second of hash
9:41
power. A mere 48 hours ago, Antpool
9:43
held the reins as the predominant mining pool.
9:46
However, recent statistics reveal
9:49
that foundry had taken the lead, boasting 27%
9:51
of the total hash, and
9:54
Antpool is following closely behind with 26.58%.
9:58
Now, together, these to polls govern
10:00
a staggering 53.6% of
10:03
the network's entire hash rate. And
10:05
over the past week, Foundry and AMP pool
10:08
have locked in a close race in terms of the hash
10:10
with Foundry slightly ahead as of October
10:13
30th with 120 exa hashes per second compared
10:16
to AMP pools 118 exa hashes per second. So
10:21
there you have it, fam. I mean, this is a
10:23
sign of the times the network couldn't be more
10:26
strong than it is right now and more
10:28
secure and it's only going to continue to hit
10:30
new all-time highs throughout this bull, as
10:32
we all know, and the Bitcoin tends to follow
10:35
the hash rate as Max Keiser has been calling.
10:37
In fact, as I quoted him the other day on X,
10:40
Max says the current hash rate indicates
10:42
that the Bitcoin price right now should be in
10:44
the mid $300,000 range. So
10:47
he's ultimately saying with this hash rate, currently
10:50
we should be at a $350,000 Bitcoin price action. He's
10:54
also calling 220,000 as the short term target currently
10:59
in play. Let me know if you agree or disagree with
11:01
the high priest of Bitcoin, Max Keiser.
11:03
Now let's dive into our next story of the day
11:06
and discuss the CME futures,
11:08
which is making big moves here,
11:11
becoming the second largest Bitcoin futures exchange
11:14
as open interest continues surging. That's
11:16
right, the Chicago Mercantile Exchange, better
11:19
known as the CME, which is a regulated
11:21
derivatives exchange that lists Bitcoin futures
11:24
and now stands just behind Binance in terms of notional
11:27
open interest to rank second in the list
11:29
of BTC future exchanges. How
11:31
many of you have used CME futures
11:33
before? Do let me know. And how many of you
11:35
have used Binance futures? Let me know in that chat.
11:38
Now the CME open interest recently hit $3.58
11:40
billion yesterday,
11:43
October 30th, pushing the regulated
11:45
derivatives exchange platform to jump to
11:48
positions from the previous week. The
11:50
CME overtook Bybit and OKX
11:52
with 2.6 billion and 1.78 billion
11:55
worth of open interest respectively
11:57
and is just a few million away from
11:59
overtaking. finances 3.9 billion.
12:03
Pretty awesome. The standard Bitcoin futures
12:05
contract offered by the CME is valued at 5
12:08
BTC just FYI while the micro
12:11
contract is worth a tenth of a Bitcoin
12:13
which I guess would be 0.1 Bitcoin right? Now perpetual
12:16
futures instead of the ordinary futures contracts
12:19
are the main focus of open interest in offshore
12:21
exchanges as they come without an
12:23
expiration date and use the funding rate method
12:26
to maintain their price parity along with the market
12:28
price. Now the Bitcoin open interest refers
12:30
to the total number of outstanding Bitcoin futures
12:33
or options contracts available in the market.
12:35
It measures the amount of money invested into
12:37
Bitcoin derivatives at any given time. The
12:40
open interest measures the capital flowing
12:42
in and out of the market. If more
12:44
capital flows to the Bitcoin futures the open
12:46
interest will increase. However
12:49
if capital flows out then the open interest
12:51
declines. Hence the increase in open interest
12:53
reflects the bullish sentiment whereas the
12:56
decline in open interest indicates bearish
12:58
sentiment. Now the CME's rising open
13:00
interest not only helped regulated futures
13:02
exchange declined to the second spot
13:05
amongst futures crypto exchanges but also
13:07
saw its cash settled future contracts exceed 100,000
13:11
BTC in volume. Just imagine what's
13:13
going to be done when we get the spot Bitcoin
13:15
ETF. Say goodbye to derivatives.
13:17
We're going to have that true price discovery for the
13:20
first time in ETF
13:22
history fam. You don't realize how big of a deal
13:24
this is. We'll talk about it a little later. The rising
13:26
interest of traders in the Bitcoin futures market
13:28
has also propelled the CME to attain 25%
13:31
of Bitcoin futures market
13:33
share. A majority chunk of investments
13:35
into the CME futures has come via standard
13:38
future contracts indicating an influx
13:40
of institutional interest as Bitcoin registered
13:43
the massive double-digit surge in October
13:46
helping it reach the new one-year high of
13:48
above $32,000. So there you have it fam. By a show of hands
13:51
I am just curious how
13:54
many of you have dabbled in futures?
13:57
How many of you are trading Bitcoin futures?
14:00
Just for the newbies out there, I would suggest
14:02
staying away from it as the majority of
14:04
these future traders are absolutely getting
14:06
wrecked against the market. Makers
14:08
trading with leverage is extremely
14:11
risky and I cannot stress that enough,
14:13
especially when there is extreme volatility
14:16
in the market and every bullish cycle
14:18
expect extreme volatility. That's
14:20
why so many leverage positions, whether shorts
14:22
or longs, are all getting wrecked. So be
14:25
very careful, fam, especially when
14:27
trading with leverage. Now
14:29
let's discuss the latest with
14:31
Sam Bankman-Freed,
14:32
who has been testifying in court. Hopefully
14:35
we get some resolution soon with how this all
14:37
plays out, but very interesting, he has
14:39
said some very alarming things behind
14:41
closed doors, which makes me believe maybe
14:44
this fraudster was also a gangster,
14:46
right? He said ask the regulators.
14:49
It's almost hard to believe, but nonetheless, let's
14:51
break this baby down, shall we? This
14:53
is the man that missed the legend right here, the
14:56
scamster, the mini-made-off,
14:58
as we like to call him here on the channel. So here
15:00
we go. Despite publicly supporting, drafting
15:03
crypto regulations to protect customers,
15:06
disgraced crypto exchange FTX founder,
15:08
SBS, appears to have shared
15:10
a deep disdain for regulators,
15:13
things that make you go. During
15:15
SBS ongoing criminal trial, their assistant
15:18
prosecutor, Danielle Sassoon, inquired
15:20
if the crypto executive could recall his
15:23
previous Twitter statements regarding his support
15:25
of blockchain regulation to protect customers.
15:28
Here's what he responded, I don't remember,
15:30
SBS said, and she asked, but
15:32
in
15:32
private you said after regulators, right?
15:35
And here's what Frank Van Fried responded with, I
15:37
said that once,
15:38
among other profanities. Whoa.
15:42
The former crypto executive also stated he
15:44
viewed a subset of people on crypto Twitter
15:46
as dumb mofos. Wow. Before
15:49
his arrest, SBS testified in 2021,
15:51
hearing before the US House Financial Services
15:54
Committee on crypto regulation. Therefore
15:56
he thinks he is better than everyone else. He's calling
15:59
everyone else on Twitter. mofos why
16:01
because we don't commit crimes like you do you
16:03
dirty piece of ish just saying
16:05
anyways you said it regulators
16:08
was pr asked to soon sbf
16:10
responded i said something like that and
16:12
during the additional questioning sbf also
16:14
claimed that the benefits of helping draft crypto regulation
16:17
including assisting in ftx taking
16:19
market share from competitor exchange
16:22
finance and before ftx collapsed
16:24
last november sbf revealed that the
16:26
exchange along with sister hedge fund alameda
16:29
research held close to 15
16:31
billion dollars in customer deposits with 10
16:34
billion reported missing where
16:36
did that 10 billion go sbf good
16:38
question november 8th of 2022 the binance founder
16:41
cz signed the letter of intent to acquire
16:44
ftx the deal clearly fell apart
16:46
the day later after binance reportedly viewed
16:48
the ftx books discovering the asset
16:50
discrepancy sbf recalled
16:53
that november 7th last year customer
16:55
net withdrawals amounted to 4 billion bucks
16:58
or a hundred times the volume of an average trading
17:00
day sending the company into a deep
17:02
liquidity crisis there was a run-up everyone
17:05
was withdrawing their funds and then
17:07
the next day where they file for chapter 11
17:10
bankruptcy which is crazy you know what i
17:12
mean to say the least now the criminal trial
17:14
of xbf is ongoing expected
17:16
to wrap up by early this
17:18
week how do you think this will likely
17:21
play out for san bank minfried
17:23
caroline ellison gary wang and the
17:25
rest of the executives over at
17:27
you know what i mean uh uh ftx
17:30
personally i i'm kind of
17:32
like convinced that sbf
17:34
is going to get away with this some way somehow but i'd
17:36
love to know your thoughts for example right now
17:39
biden is president what if he gets
17:42
hypothetically speaking five years
17:44
and ten years of probation or
17:46
maybe zero years in prison 20 years
17:48
of probation and then mr uh
17:51
you know biden comes along and pardons
17:54
him and he gets off the hook clean and
17:56
has no consequences nothing would surprise
17:58
me because he was donating much money with the second
18:01
largest campaign donor to the Democratic
18:04
party and they take care of their own kind.
18:06
I'm just saying. Well, we'll see how it plays
18:08
out. I'll be keeping you guys posted, of course, with
18:10
the latest updates as they are delivered.
18:13
Next let's discuss Mr. Gary Gensler,
18:16
the Sheriff of Crypto, the Chairman
18:18
of the SEC. Did you know in 2019 a
18:21
video just surfaced of him talking
18:23
about why the SEC has not approved
18:25
a Spot Bitcoin ETF? It's not consistent
18:28
considering they're approving future
18:30
ETFs. You can't make this stuff up, so
18:32
let's break this baby down. And if you think Gary
18:34
Gensler should get fired, I want to see hashtag
18:37
firegensler. Put that in the live chat.
18:39
We'll see how many of you agree. So yeah, here
18:41
we go. Gary Gensler once
18:43
criticized the United States SEC
18:46
for its inconsistent approach to
18:48
Spot Bitcoin products. According to the resurface
18:51
video of Gensler from 2019,
18:53
this video clip, which you can see here on your
18:55
screen, which has recently made the rounds again
18:57
on social media, shows the pre-SEC
19:00
Gensler discussing blockchain regulation
19:02
at the 2019 MIT Bitcoin Expo in a
19:06
fireside chat with the US SEC
19:08
Commissioner, Crypto Mom, Hester
19:10
Pierce. Shout out to Crypto Mom,
19:12
quoting them here. Gary, Bitcoin
19:15
futures, and I think Ethereum futures and so
19:17
forth, will exist. And Bitcoin ETFs
19:19
have not. And that feels a little inconsistent
19:22
to me. It feels a little inconsistent,
19:25
Gensler said, even though the laws aren't
19:27
exactly the same, they're quite similar.
19:30
Gary Gensler added, hmm. Now
19:32
meanwhile on X, the crypto community couldn't
19:34
help but highlight the contrast with Gensler's
19:37
views towards the Spot Bitcoin ETF. Now
19:39
I'm going to actually play this video and react
19:41
to it live on the uncensored
19:43
crypto news alerts after party on
19:46
rumble. So stay tuned, fam. Anyways,
19:48
here's what they are saying on X.
19:51
Gary Gensler says Gary Gensler is wrong. Market
19:55
Analyze, Zach Bowell posted. We missed
19:57
out on chill and normal Gensler. That's
19:59
right. Again, there was actually a good guy
20:02
at one point before he got recruited into
20:04
the SEC. So he was working
20:06
with the powers that be as a head
20:09
over at Goldman Sachs as well. And I believe
20:11
Gary is already worth north of $100 million. And
20:15
I almost feel like he has to pay back
20:17
his crannies. Hence, he's working as
20:19
the chairman of the SEC. Clearly doesn't need the
20:21
money, right? Now to date, the SEC had only
20:23
approved the Bitcoin and Ether future ETFs.
20:26
And since as far back as 2017, the SEC
20:29
rejected spot Bitcoin ETFs apps, a tradition
20:31
carried under Gary Gensler. I wonder
20:33
why. Who has denied, delayed, or
20:35
pushed back recent spot Bitcoin ETFs apps. And
20:38
claiming the funds don't have protections for market
20:40
manipulation, which we all know is nothing
20:42
more than fud. Gensler's SEC was
20:44
sued by asset manager Grayscale
20:47
for rejecting its bid to convert its existing Bitcoin
20:49
trust into a spot Bitcoin
20:52
ETF. A court ruled the SEC
20:54
was arbitrary to reject the application
20:56
and the SEC did not appeal that decision.
20:59
Why is that? Because they can't. They
21:01
have no firm ground or foundation
21:04
to stand on. They know they're in the wrong. So kudos
21:06
to GBTC, Barry Silbert
21:08
and their parent company Genesis
21:10
for actually going after the SEC
21:13
and actually getting, you know what I mean, a V
21:15
and giving Gary and the SEC a big
21:17
fat L. All right, fam. Now let's break down
21:20
our next story of the day. Now that we discuss Gary
21:22
Gensler, now we need to discuss
21:25
actually a very
21:28
big prediction, right? And
21:30
this is actually a bonus story before we get
21:32
into the latest from Ra Wupal. So
21:34
let's first break this one down.
21:37
I forgot I had this bonus story for you today,
21:40
right? Yeah, here we go. Bitcoin
21:42
is about ready for a parabolic leg up according
21:44
to crypto strategist. And here are his
21:47
targets. Let's break this down. The
21:49
trader who continues to build the following with his timely Bitcoin
21:52
calls as of late thanks to Crypto
21:54
King is gearing up for a parabolic surge. Let
21:56
me know if you agree disagree with the analysts. We're talking about credible
21:58
crypto. He shared Bitcoin. Bitcoin appears to
22:00
have printed the local bottom after touching the diagonal
22:02
support of a bullish pennant pattern
22:04
at $33.4K. The crypto strategist
22:07
shared a chart suggesting Bitcoin will rally to
22:09
about 39,000 firsts and
22:11
end its major third wave surge before consolidating
22:14
and rallying above 48,000 in the
22:17
first two weeks of November. So there's
22:19
the bold call. Do you think Bitcoin will
22:21
rally to 48,000 in the first
22:23
two weeks of November? Let me know. Here's
22:26
what he shared. The consolidation structure is forming
22:29
a series of lower highs and higher
22:31
lows. A triangle structure which is
22:33
an impulsive move is only found
22:35
in the fourth wave. This adds further credence
22:37
to our count off, the bottom, and gives us
22:39
a clear invalidation point at $33,400 as well. If
22:43
this is correct, our local bottom is in
22:45
and we're about to launch into the fifth red
22:48
sub-wave pictured in this chart,
22:50
which you can see right here on your screen. Credible
22:53
practices and is referring to the Elliott
22:55
Wave theory, which is an advanced technical
22:58
analysis approach which tries to predict the
23:00
future price action, which follows the crowd
23:02
psychology that tends to manifest in
23:04
waves. And according to the theory, a bullish
23:07
asset goes through five major waves with
23:09
each wave having its own five
23:11
sub-waves. Now with Bitcoin trading above 34,000 at
23:14
this time, Credible Crypto's chart suggests
23:16
that Bitcoin has broken out of its bullish pennant pattern
23:19
and is en route to around 39,000 for the
23:22
sub-wave final five of wave three.
23:24
The crypto strategist also notes that Bitcoin
23:27
has been recently outperforming the tech
23:29
stocks and says Bitcoin looks poised for a
23:31
big burst to the upside. Quitting
23:33
him again, tech stocks look like hot garbage
23:35
here while Bitcoin has just broken out of a multi-month
23:38
consolidation structure and is looking to go parabolic
23:41
in before much decoupling. It's
23:43
all over crypto Twitter, now
23:46
known as X. So there you have it, fam. Let me know
23:48
if you agree or disagree with Credible Crypto and do you think we
23:50
can hit That's
23:54
another $14,000 surge from here within two
23:57
weeks as we enter. Moonvember,
23:59
yay or nay? Let me know your honest thoughts in
24:01
the comments right down below. Now
24:03
let's break down our featured story
24:05
of the day. Shall we? And discuss
24:08
the Bitcoin price action going parabolic
24:11
this bull market according to the macro guru,
24:13
Raul Pao. Here we go. The
24:16
former executive says retail will front run VCs
24:18
and institutions before the crypto
24:21
explosion. That's what's up. He says
24:23
retail investors have a chance to get ahead of the
24:25
venture capitalists and blue chip investors
24:27
before the big crypto markets skyrocket.
24:31
In a brand new interview on the overpriced
24:33
JPEGS Pod, the former Goldman
24:35
Sachs exec says for the first time,
24:37
the retail traders are scooping up crypto
24:39
assets before institutional investors place
24:42
their positions. How many of you got the opportunity
24:44
to front run all the major institutions as
24:47
well? Doesn't it feel good? Quitting him here,
24:49
we have never been given the opportunity
24:51
to own the infrastructure layer and own
24:53
it before the institutions. I always
24:55
talk about this. We are front running the
24:57
institutions and it's not like it's some
25:00
mass illusion or delusion. I
25:02
know because I speak to them all day. They're
25:04
all coming. All the investors are coming
25:06
and we get the privilege for the first time in our lives
25:09
to own this because everything else is
25:11
venture capital. Now the early stage
25:13
is VC and to invest in VC,
25:15
you need to be an accredited investor.
25:18
Not only that, but most VC funds won't take
25:20
you unless you have got a certain amount of capital. Facts.
25:23
You're going out of the actual largest part of the economic high
25:26
that gets made. It's a club, folks,
25:28
and you're not in it. Thank God for Bitcoin.
25:31
And then eventually something goes public and only a few
25:33
of those companies make a lot of money. So
25:35
we're disadvantaged as ordinary people. Sarawal
25:37
Powell goes on to describe the risk curve associated
25:39
with digital assets, saying it is very
25:42
much like the risk curve of traditional assets
25:44
during tough market times. He also likens
25:46
Ethereum to the US economy, a growing
25:49
ecosystem rife with activity. And
25:51
that's why we're putting him here right now as the economy slows
25:53
down, the Fed starts cutting.
25:56
People will buy treasury bills, bonds, and
25:58
then they'll buy corporate bonds. Large
28:00
part of my thesis are off to a ludicrously
28:03
good start for the year, which includes Tesla
28:05
up 162%. And he
28:09
goes and lists them more like semiconductors
28:11
at 56%, etc. In
28:15
delving into Powell's insights, he contends that tech
28:17
stocks will overshadow other types of investments,
28:19
but cryptos, particularly Bitcoin, are poised
28:22
to take the center stage. That's right,
28:24
because Bitcoin is the king, for
28:26
Christ's sake. Now another notable validation
28:29
of his thesis is Ethereum's recent performance.
28:32
Ethereum is inching closer to a significant milestone,
28:35
nearing the critical price point of roughly $2,000.
28:39
And according to Powell's observations in the broader
28:41
tech sector, his analysis pinpoints
28:43
significant wins, including Tesla
28:45
that I pointed out boasting 160% increase for the year, while VanX
28:49
Semiconductor Exchange traded fund SMH
28:53
has risen nearly 60% on the year. These
28:55
figures align with Powell's theory that tech stocks
28:58
will outperform other equities. Let me know
29:00
if you agree to screen. Now furthermore, he
29:02
postulates that the new bull market cycle commenced
29:04
back in October, although this cycle may
29:06
witness periodic corrections. He foresees
29:09
the crypto market reaching new annual
29:11
highs. That's what's up. As he shares
29:13
here, this is all the confluence between
29:16
the everything code and the exponential age,
29:18
and is my core focus for this cycle,
29:20
which I think we started in October when
29:23
liquidity bottomed. Now, Powell also
29:25
believes that as technology stocks correct,
29:27
cryptos will record new annual highs.
29:30
Let me know if you agree or disagree that we are in
29:32
that exponential age.
29:34
And what are your thoughts on Raoul Powell's predictions?
29:37
I also watched some of his more recent interviews
29:39
and he is predicting the Bitcoin market
29:42
and the market cap in general to 10
29:44
to 20X. And you do the math.
29:47
Just a 10X on Bitcoin by
29:49
itself would symbolize a $340,000 Bitcoin
29:51
price if we were to 20X. Holy
29:57
moly. We're talking about 680.
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