Bitcoin – BTC Quant – QNT BITCOIN EXPLOSION TO $1 MILLION IS NOW ON THE TABLE, SAYS QUANT CRYPTO ANALYST!! Welcome to everyone just tuning in to today’s live episode of crypto news alerts I’m your host JV in today’s show we’ll be discussing why the Bitcoin price went down today and why Bitcoin Traders are bracing for a 23 000 recess also quitting Joe Rogan a centralized digital currency that is connected to a Social credit score is absolutely freaking terrifying referring to cbdc’s this is why we BTC also in today’s show Logan Paul and crypto Zoo both hit with a lawsuit as investors take action as well as euro stablecoin launched in Finland claiming to be the first approved in the EU also in today’s show We’ll be discussing at theorem price aiming for eighteen hundred dollars this month in February I’ll be breaking down the latest ether technical analysis as well as on-chain analyst Willy Wu says institutional investors are quietly allocating to bitcoin sparking Bitcoin rallies also in today’s show Bitcoin explosion to 1 million dollars per BTC Is now on the table says Quant analyst Plan B I’ll be breaking out his latest forecast we’ll also be taking a look at the overall crypto Market all this plus so much more in today’s show and welcome everyone tuning in to today’s live stream Krypt the news alerts Pod episode Number 1100 and 83.I’m your host JV and today is February 3rd checking out the crypto Market as you can see here on your screen we got Bitcoin which pulled back down about point eight percent for the day but still maintaining above 23 600 we have ether down almost one Percent trading just above sixteen hundred and fifty dollars while binance coin and polka dot are in the green and pumping and checking out coinmarketcap.com we can see the current crypto market cap sitting at around that 1.1 trillion dollar Mark what about 65 billion in volume in the past 24 hours Current bitcoin dominance is 41.8 percent with The Ether dominance at 18.7 and checking out the top 100 crypto gainers in the past 24 hours we have a mutable X of 15 percent trading at 98 cents followed by Magic of 12 trading at two dollars and three cents followed by Terra classic which is pumping once again up 11.6 percent and followed by optimism and GMX and check in the top 100 crypto gainers for the past week we have rndr up 102 optimism up almost 50 percent dydx of 54 and just massive overall gains for the alts and checking Out the crypto greet and fear index you can see we’re currently rated a 60 in greed the same as yesterday last week was at 55 and last month a 29 in fear welcome crypto fam what is good and once again happy Friday glad you’re here with us this morning or this afternoon or This evening depending upon where you’re tuning in from all over the world but with that being shared now let’s dive into today’s Bitcoin technical analysis and check out the charts Bitcoin headed towards 23 000 this morning after a night of losses erased the Bulls latest progress here you’re looking at the Bitcoin one hour candle chart data from coin Telegraph Rockets Point trading view should Bitcoin hitting lows at 23.3 on bitstamp bitcoin had come off a second trip above the 24 000 Mark at February 2nd Wall Street open with Buyers failing to sustain the momentum amid the macro Market volatility and in A classic style for interest rate announcements by the U.S fed an initial move was soon countered with Bitcoin returning to its prior position now conditions worsen thanks to the rebound in the US dollar strength with the US dollar currency index putting in a conspicious bounce which began to Consolidate on the day quoting crypto Tony once the dxy dollar finds support and begins to bounce hard then we will see pullbacks on our crypto bags time to pay attention now mi Calvin nepop at a level of 102 for the dxy to spark inversely correlated drops across risk Assets quoting him here I do expect it’s likely the dxy will retest what was support and now overhead resistance this would align with my inverse expectation on BTC and crypto moving down a touch before a final blow-off High not my much higher in my opinion so there you have It now macro induced price pressure could linger through February some do believe in its latest market update sent to telegram Channel subscribers trading firm qcp Capital Drew particular attention to the next U.S CPI print set for release February 14th that’s right quoting them here post fomc we have a Heap of two or second tier data releases including the important ISM services and NFP however the decider will be the Valentine’s Day CPI and we will think there are upside risks to that release as stated firstly the Cleveland fed’s inflation now casts as showing 0.6 print for January even if it has overstated Inflation the past few months and due to a change in a way that the CPI is calibrated qcp suspected that the forthcoming numbers in 2023 could be higher than the market expects whether psychological or not the net impact could disappoint the crypto Bulls quoting them here in Europe a similar Re-weight was led to a surge in the January CPI release this week hence we expect downside risk to materialize from here either at this meeting or after the next CPI release and according to data from CME Group fed watch tool meanwhile the consensus remain firm over the next Rate hike in mid-march being identical to the February 1 at 25 basis points so there you have it and quoting uh Joe Rogan who recently did an interview with Lex Friedman and they brought up cryptocurrency referring to cbdc’s Central Bank digital currencies here’s what Joe had to say a centralized Digital currency that is connected to a social credit score is absolutely freaking terrifying facts and this is why we BTC with that being shared welcome everyone just tuning in it’s good to see the crypto fam in the building don’t forget to smash that like button show your support and hit the Bell icon and make sure you’re subscribed if you’re new to the channel and with that being shared let’s dive into the latest Saga with crypto zoo and Logan Paul being sued this was announced just yesterday cryptozoom and Paul had been named as defendants in a newly followed class action lawsuit which Alleges they stole millions of dollars for the purchasers crypto via a fraudulent Venture in a court filing on February 2nd in The District Court of the Western District of Texas plaintiff Don Holland alleged that Paul and Executives at crypto Zoo executed a rug poll by promising purchasers of the Nft’s exclusive access to crypto assets among other benefits but ultimately abandoned the project and kept the funds quoting them here as part of defendant’s nft scheme defendants marketed CZ nfts to purchasers by falsely claiming that in exchange for transferring crypto to purchase the CZ nft purchasers would later receive benefits and a little Clarity when I say CZ we’re not talking about the binance CEO but that’s the abbreviation for crypto Zoo including amongst other things rewards exclusive access to other crypto assets and the support of an online ecosystem to use and Market CZ nfts we have officially filed the class action lawsuit as a Announced there and in reality soon after completing the sale of their CZ nfts defendants together with others transferred millions of dollars worth of purchaser’s crypto amongst other places wallets that are all controlled by the defendants it alleges the lawsuit was submitted by attorney’s firm Elsie and Associates and attorney Tom and Associates the latter of which the law firm run by YouTube personality attorney Tom that’s right and in the YouTube video on January 16th attorney Tom told viewers that they are suing Paul over the alleged crypto scam after weeks of investigation and speaking to a number of crypto Zoo victims other defendants Named in the suit are also listed here the lawsuit comes despite Paul unveiling that he is going to do a one and a half million recovery plan for disgruntled investors thanks to Coffee Zilla putting him on blast he also revealed he is no longer going to sue coffee over the Allegations that the project is a scam stating that suing him is not going to help crypto Zoo holders sounds like he finally came to his senses and Paul outlined his recovery plan which consists list of three stages stating the first stage will be himself and the co-founder of crypto Zoo Jeff Levin Burning their Zoo token Holdings he clarified in doing so they will have no Financial upside in the game and it will add value to the Token holders Paul also claimed the second stage will involve him personally committing 1 000 ethereum to the project so that disappointed investors can burn their nfts to get Their initial investment of 0.1 eth back the cost to Mint the nft and meanwhile the third and final stage he hopes to deliver the game as outlined in the white paper how do you think this is likely to roll out let me know your thoughts in the comments right down Below and shout out to coffeezilla and kudos to him for putting uh uh what’s his name Logan Paul on blast and making something happen because he is now committed to giving back a thousand each I mean that’s at least a great start in the right direction and we’ll see how The lawsuit unfolds but with that being shared now let’s discuss the latest with this Euro stablecoin Right fintech company membrane Finance released a fully reserved stable coin back by the Euro according to a February 2nd blog post from the company the company is licensed by The Finnish Financial supervisory Authority and claims that The new Euro e coin is the first and only EU regulated crypto stable coin how many of you knew about this membrane Finance is excited to announce the launch of the Euro e on ethereum now the United states-based Circle released its own Euro backstable coin in June but It’s Euro coin which is Euro C was initially custody by silvergate Bank a U.S regulated entity each Euro e token is backed by at least one Fiat Euro and a European financial institution or Bank ring fence from membrane Finance according to the company’s post the company believes it will allow the near Instant payments at close to zero costs in contrast to the high cost of slow speeds a traditional Finance now member Finance CEO expressed hope that the regulated Euro e coin would encourage more Europeans to grow their wealth through the use of decentralized finance apps stating the following stable coins Are an essential part of the transition towards blockchain-based money infrastructure and Europeans deserve to have a full Reserve Euro stablecoin from the EU and regulated by an eu-based Financial Authority Euro e hopefully brings more regular people to defy who were previously unable or too worried about the volatility of cryptocurrencies Now the Euro e will initially be available on ethereum being inside the ethereum blockchain with support for additional blockchain networks plan for the future quoting them here stable coins or crypto tokens backed by fiat currency have had a long and illustrious history in the crypto world the first US Dollar stablecoin which is tether usdt was initially released for the Bitcoin Omni layer with an ethereum version arrive in in 2018 it is now the third largest crypto by market cap according to coin market cap and on January 19th a circle and a team behind uniswap decentralized exchange released a report Claiming that the blockchain-based foreign exchange can reduce remittance costs by as much as 80 percent so there you have it and in the Battle of stables in the crypto economy which uh stable coins do you have the most trust or faith in if any is it tether usdt which Is the largest or is it circles usdc which is quickly slowly but surely looks like it’s going to um as far as market cap is concerned overtake the king at the moment which is tether usdt but let me know your thoughts in the comments right down below and with that being shared now Let’s dive into some ethereum technical analysis and check out the charts for eth ether has been struggling with 1680 resistance since January 20th still the ascending triangle pattern and improvements in investor sentiment and each derivatives provides hope that ether price can reach 1800 or higher by The end of February send it this of course depends on how ether price behaves as it reaches the pattern deadline by mid-February from one side Traders are relieved that ether is trading up 33 year to date not too shabby but the repeated failures to break 1680 resistance coupled with Negative news flow might give the Bears the power to cancel the bullish triangle pattern according to a January 30th report from oxos New York State Department of Financial Services is reportedly investigating crypto exchange Gemini over the claims that The Firm made regarding assets and its earned lending program the suspicions follow Reports that multiple Gemini earned users believe their assets have been protected or I’m sorry projected by the Federal Deposit Insurance Corporation better known as FDIC and on January 12th the U.S SEC charged Gemini exchange with offering unregistered Securities through earn and in addition Gemini co-founder Cameron Winklevoss has claimed that Genesis and dcg the digital currency group owe 900 million dollars to Gemini’s clients now several U.S senators have reportedly penned the letter requesting answers from silvergate Bank according to a January 31st Bloomberg report the policy makers were not fully satisfied with the bank’s previous answers about its alleged role In handling FTX user funds silvergate reportedly cited restrictions on disclosing confidence supervisory information and on the bright side ethereum Foundation developer announced that young public testnet will be launched February 1st the implementation will allow stake ether withdrawals on a test environment so that validators can anticipate the proposed changes for the Shanghai hard Fork now let’s look at ether derivatives data to understand if Pro Traders are frustrated by the recent price rejection at the 1680 level retail Traders usually avoid quarterly Futures due to their price difference from the spot markets meanwhile professional Traders prefer these instruments because they prevent the fluctuation of funding Rates in a Perpetual Futures Contract how many of you are currently bullish on ethereum let me know in the comments below now the annualized two-month Futures premium should trade between four and eight percent in healthy markets to cover cost and Associated risks when the Futures trade at a Discount versus the regular spot markets it shows a lack of Confidence from leveraged buyers which is a bearish indicator this chart which you can see on your screen uses Futures contracts have failed to enter the neutral bullish four percent threshold and still the current three and a half percent premium Denotes a moderate sentiment Improvement compared to the two weeks prior but that does not mean that Traders expect an immediate positive price action now the 25 Delta SKU is a telling sign when the market makers and Arbitrage deaths are overcharging for upside or downside protection in the bear markets options Investors give higher odds for a price dump causing the SKU indicator to rise above 10 percent and on the other hand bullish markets tend to drive the school indicator below 10 percent meaning the bearish put options are discounted now the Delta school had stabilized near zero percent in the last two weeks Signaling that ether option Traders held a neutral sentiment that is particularly intriguing since ether gained 10 percent on January 20th indicating that Pro Traders are pricing similar upside and downside risks so what are your thoughts surrounding an eighteen hundred dollar ethereum price action for this month of February let me know your thoughts in the comments write down below and now for the moment well before we get to the moment we’ve all been waiting for actually with this one million dollar explosion as per Quant analyst Plan B first let’s see what Willy Wu has to share who is an On-chain analyst I always love to see he says that uh institutional investors right now are quietly allocating to bitcoin which is the cause for these sparking Bitcoin rallies that’s right Wu tells us 1 million Twitter followers Bitcoin rallies coincide with a new pattern of billions of dollars worth of Stable coins flowing onto the exchanges during work days only quoting him here seems to me like the heat signature of large institutions doing the buying timing of the inflow spans approximately 16 hours with the Quiet Zone being Asian work hours this suggests it’s Western institutions across the U.S and Europe Now with Bitcoin trading at what roughly 23 600 the top ranked crypto asset at market cap has surged nearly 40 since the beginning of 2023 though it has largely tracked sideways in the past week we’ll also notice that spot Market flows have been dominating the rally rather than derivatives as a points out Here is spot buying that’s moving the price and derivatives that are lagging implies that long-term institutional investors are coming in Via spot buying and moving to custody to crypto Trader also believes that the investing institutions are existing crypto funds that set out of the bear Market using Stable coins remember if you are a fund you will bank with silvergate or Signature Bank silvergate had a bank run and signature dialed down on crypto exposure so Stables have been the best place to hold USD in past months and despite bitcoin’s price gains this year it remains more than 66 percent down From its all-time high of around 69 000 which we hit back in November of 2021 and that’s right quoting Willie Wu right here on crypto Twitter this recent rally coincides with a new pattern emerging of stables flowing into the exchanges doing work days only seems to me like the heat Signatures at large institutions are doing the buying and he also says Timing of the inflow spans approximately 16 hours as I pointed out so let me know if you agree or disagree with the on-chain analyst and with that being shared now let’s dive into the latest from Plan B Creator of the Bitcoin stock the flow model and his latest one million dollar forecast Plan B tells his almost 2 million Twitter followers that the bottom has arrived for Bitcoin and predicts massive growth that’s right quoting him here from a recent tweet the Bitcoin bottom is in 2024 having greater Than 32 000 2025 bull market greater than a hundred thousand scenario can look like this note the one hundred thousand to one million dollar yellow range estimate for 2025 which is outlined in this stock to flow chart and someone asked 100 000 to 1 million is a Pretty large range and plan B responded but the low end of that range is still 4X from today facts now the analyst is best known for his stock to flow Bitcoin model which predicts the assets value changes by comparing its current price to the rate at which its Supply is Generated Plan B said the model failed late last year when Bitcoin plummeted below 16 000 however he says the stock to flow model has remained intact and is showing a staggering price explosion to 1 million now now possible by the end of 2025 that’s right as I just read out From you from that tweet Plan B is also coming out against a group of analysts who are calling the early year rally a bull trap and a new strategy session video he tells us 23 000 Subs that the bull market has begun we are currently In the next Bull Run the next Bull Run has started this is not a bull trap but a bull market I repeat quoting Plan B we’re currently in the next Bull Run the next Bull Run has started this is not a bull trap but a bull market let me know If you agree or disagree with Plan B and to watch this video he did entitled bull market or bull trap check the show notes below the video in the description he also recently shared this one we just crossed 24 000 and he reiterated to a throwback tweet he posted October 25th 2022 where he wrote and predicted one day you wake up and see Bitcoin at 21 000 without any important news or event the next week Bitcoin 24 000 and 30 000 some will say it’s a bull trap others realize the bear Market is over and then next bull market has Started touche so there you have it let me know if you agree or disagree with Plan B college boy in the comments right down below and how many of you would be pretty stoked to see a one million dollar bitcoin price action in the future I know I’d be pretty stoked with That being shared now let’s dive into today’s uh questions and answers you can literally ask me anything I’ll be reading all of the questions out loud here I’m going to scroll to the top the top top Michael volckman always a pleasure pluggo good morning sailing welcome welcome good to see y’all Uh Bubba fruit welcome welcome digital dankness good to see you as well Johnny Midas good morning to you as well ESP Academy good morning crypto fam bring facts always a pleasure to see you the duartian welcome chill says good morning to the crypto fam the girls say hi it Says bring facts Lazarus welcome morning fam I summon a pot of greed says the duartian bring facts I summon the pot of weed hilarious donkey did you see the story of the man in NY who used Bitcoin to hire Hitman I did read that this morning that is pretty shocking to say The least I’m glad that the authorities it was the authorities they were uh talking to and not an actual Hitman obviously the hit didn’t take place and he got reported to the authorities but yeah the story was something like um child pornography this kid had uh interacted with this adult and had Pictures of child pornography and was basically going to probably get him arrested and get in trouble by for whatever and then um the rumor has it from the story at least that he went on the dark web and he looked to hire a hitman and the website said for twenty thousand we can Kill somebody of any age and order the hit and then he’s like even a 14 year old or 15 year old and then the person on the dark web said yes and then they uh basically that was probably the authorities that were operating that website I would imagine I’m just Assuming and then he got in trouble now he’s going to go to jail which serves him right I mean talk about the ultimate criminal child pornography and trying to kill a kid using crypto uh regardless how you’re gonna you know execute the hit it is a disgrace to say the least so I hope he’s going to stay in prison for a very very long time crazy story to say the least a lot of crazy stories out there Nate says wish I lived in a nice home on the ocean with a pool and I could be sitting out by the Pool with a tall cool iced tea in my open laptop as I’m watching crypto news alerts just saying I appreciate that fam and uh be careful what you wish for I say that in a positive light because I hope that this reality for you at least Comes true you know what I mean the duartean says I don’t condone it you can literally write messages directly onto the blockchain Via wallet names interesting Quang long says these nfts sound like Securities use your imagination automated escrows as guardian digital dankness much love Bitcoin is going to 20 million dollars Says jgx I hope you’re right fam by what year is your prediction we would also Pump It pump it up then let’s hope uh bring fax says my weed bags will pump before CZ nft’s bed megadon what up JV and Bitcoin fam had some dry powder but Always dcan Bitcoin is the way the future are facts welcome appreciate you tuning in of course as always much much much much love uh uh billionaire faith says these clickbait titles are ridiculous takes credit away from your channel well I share it because it’s enticing and Exciting I’m not making it up it’s Plan B uh creator of the Bitcoin stock the flow model and it’s not like it’s a prediction for this year I never am saying Bitcoin is heading to a million dollars this year to get you to click I may say here’s the path for Bitcoin to Hit a million dollars as per a Quant analyst Plan B and then I break down his prediction I mean it is what it is if you don’t like it you don’t have to tune in Volkman says smash that like I appreciate that family I hit the like Button faster than FTX hit rock bottom bring facts that’s what’s up JW the Laker good morning family always a pleasure good to see you my fam shank and back welcome welcome good morning La Familia in the building billionaire Faith think you handle I think you handle this oh referring to Billionaire takes credibility away from your comment can’t take you serious good point megadon Nate says Willy Woo’s observation about so many large purchases coming in during normal business hours suggesting institutional buying of Bitcoin is very insightful and very promising exactly definitely a bullish Omen to say the least the run is On I believe says Matt and Bali it does seem this way right now we’re what 23 6 when I woke up we were like 23 3.so we are up a few hundred bucks this morning at least Rudy says hey fam driving appreciate you tuning in Rudy safe Driving Don says not the kind of utility we’re looking for that is crazy it is a crazy story uh yeah strength in numbers facts says uh virus of numerous Pogo pluggo says just sucks that the ish drags bitcoin’s name through the mud exactly and for all we know this could Be a fun story uh engineered specifically to drag Bitcoin through the mud right as I would imagine more hits uh from criminals are done using fiat currency would you agree that more Hitmen are paid in US dollars to put a hit out on someone than with cryptocurrency I’d say that for a fact as fiat currency has been around now for a very long time Bitcoin is what only what 12 years old or something like that something like that maybe a little longer 14 years uh Rudy says according to Gary breathing is a security drinking water that’s a Security new glasses those are security security security JV he’s a security facts Rudy I’m glad you brought that up you make a great point uh unschool yourself says what do you think of the big Trend with this cycle privacy coins oracles web 3 gaming all very big niches to say the least privacy Coins I was extremely bullish on back in 2017 back in the days of McAfee reigning on crypto Twitter and uh you know Dash uh you had quite a few of them Monero um helped me name a few more there’s quite there’s a handful of them but nonetheless they seem to be getting Suppressed or attacked you know what I mean getting bad press because their privacy you would think that would be the reason they’re driven up in price but unfortunately they had a very rough uh app years after 2017 and I wouldn’t have expected that because in 2017 I was Very bullish on these privacy coins just saying but right now I don’t know how bullish I am because you know I just don’t know but at the end of the day privacy is very important so you know I have nothing bad to say about them I Just don’t know what is to come you know what I mean yeah except BTC Z cash that’s the other one that’s right thank you pluggo Z cash is the other privacy coin one of the biggest ones out there 14 years thanks for that yep Bitcoin has been around since Inception for 14 years It was all thanks to the 2008 financial collapse that birthed that idea you know what I mean Satoshi rolled it out was it in 2009 the first transaction with Hal Finney correct me if I’m wrong fam Bitcoin equals digital energy that’s right Bitcoin is digital real estate Real estate there’s a very scarce Supply guess what with Bitcoin there’s even a more scare Supply and what separates it from things like real estate or other major assets divisibility is one of the main reasons you can divide a single Bitcoin into 100 million satoshi’s try doing that with real estate good Luck if you want to buy a property in Manhattan you better be a multi-millionaire bottom line but with Bitcoin you can buy a fraction of a fraction of a fraction you can buy a few satoshi’s that’s why we say stack and Sass and there’s nothing else like it Then you got to look at the portability of it if you compared Bitcoin to gold and it’s like yo doomsday scenario hedge against the dollar gold is superior oh hell no try traveling with gold you’re going to be stuck try going on an airplane with a bar of gold they will Absolutely confiscate it anything worth more than ten thousand dollars gone like that you have to declare it if you don’t declare it they’ll take it if you declare it they’ll take it whereas with Bitcoin you could remember your seed phrase you can go travel the world nobody can confiscate your wealth do you Know how powerful that is that alone puts Bitcoin in a whole different ball game than everything else out there all different uh alternative asset classes you know what I mean and it doesn’t stop there it goes on on and on and on bitcoin is superior and every facet of The way and that’s what makes Bitcoin the most scarce uh asset in the world uh the first form of sincere money which is uncorruptable thanks to the blockchain you know what I mean it’s an Incorruptible public Ledger because we don’t trust Authority We Trust mathematics so massive shout out to Satoshi Nakamoto utility Bull Run is incoming Bitcoin works even if the price is dropped to a dollar it’s all about the utility going forward not confiscation it’s utility agreed fam utility bring it Rudy agreed selling with twins appreciate the feedback Steve says Plan B got his model wrong in the Last cycle but I do agree that this is a new Bitcoin bull market you also got to throw out there and you know given credit where credit is due the stock the flow has been very consistent it was up until more recently the past couple of Years it was thrown off but you know what I mean overall still very historically really accurate to say the least and yeah they may have been off by a couple of years but it’s still inevitable Bitcoin is still going to rise on up to a hundred thousand that’s Not even a question so was the timing a little wrong yeah but hey all it is is a model it can’t predict the future because the future consists of different probabilities so for anyone to say this has to happen in the future they’re discounting all the other probabilities And they can’t because the future um can’t be predicted unless you’re Nostradamus and you have some very special skills you know which is very rare human means to have these skills you know what I mean but how can you know the future and if you say with Certainty XYZ is going to happen into the future you can alter the future because what if everyone actually believed that it would alter their future that’s why nobody can know the future everything is in probabilities there’s a certain percentage chance this happens a certain percentage chance that Happens and for anyone to tell you what complete certainty Bitcoin is going to do this they’re full of ish unless they’re telling you it’s going to go upwards over the Long Haul that’s as far as we can say because Bitcoin has been going up over the Long Haul and it will Continue due to the scarcity and due to the supply and demand as per the stock to flow outlines you know what I mean David number 23 welcome when the world of banksters throws everything in the sink at you and you survive you are doing well facts preach Steve says I Should be stoked to see a hundred thousand one step or I would be stoked absolutely and it’s only a matter of time you know what I mean it could happen this year there’s a probability less probable than it happening posts having 2024 2025 but it’s still a Probability so we’ll see how it plays out fam yeah man but what if the net goes down or the power like something physical gold or silver I mean you make a great point because if the internet and all power went down if you didn’t have a secondary way to tap into the Internet or tap into your cold wallets which they already have the Techno apology available just FYI so you can actually prepare yourself to be able to use Bitcoin during a blackout successfully that already exists I want to throw that out there because there’s already satellites that allow that to Happen you know what I mean now good question though realistically if you did have gold and silver how are you going to use it without any Electronics or electricity who is going to take it how are you going to divide it let’s hypothetically say you have a bar gold Worth hypothetically speaking say it’s like 10 ounces uh what is announceable right now hypothetically 2 000 so 10 ounces of gold is what twenty thousand dollars you have a twenty thousand dollar gold bar you need to go buy some bread and milk and eggs for your family How do you divide that gold bar tell me and especially without electricity or Internet what do you do you either have to give them the entire gold bar you got to figure out how to break it yourself I mean it’s going to be an absolute nightmare regardless the Situation in the uh you know unforeseen circumstances of a major blackout so we got to keep it real it would be difficult to trade anything dollars in cash would probably be the easiest to use but if we live in a cashless Society by that time and we’re on cbdc’s what do You do your best bet in my humble opinion BTC and learn how to use your Bitcoin wallet without the need for electricity you know what I mean so you can be off the grid and not be put in that situation which is a probability which may occur you feel me that’s right Plug oh wait now it’s not scarce what are you referring to Matt says I think Dash a few years ago announced they were working on being able to use Dash via text method if the net was down matt says eggs are so expensive it’s one gold Bar per dozen eggs incoming no need need to slice that gold well you never know food is more important than gold if you need food to eat for your family isn’t it China announces a 20 tax on Bitcoin mining good Lord Lazarus says this is the way word up this is the way Word word word well uh F that just Harvest an asteroid for gold on the way to Mars says blogo yeah and you can’t even compare the scarcity of gold to bitcoin because they’re finding more and more gold every year there’s new gold added to the circulation you can’t do That to bitcoin there’s a very limited Supply and we can’t discount the fact that millions of Bitcoin are lost and gone forever just take for example satoshi’s wallet there’s over a million Bitcoins sitting in that baby which ultimately means all Bitcoin hotlers get a raise that’s what happens when someone Dies especially unexpectedly and they’re unable to leave their crypto to any loved ones we all get a raise and our Bitcoin becomes that much more scarce and that much more valuable you know what I mean exactly gold is only locally scarce not mathematically facts with that being Shared now for a recap what I cover with you here in today’s show we discuss why Bitcoin has been correcting and why Bitcoin Traders are embracing for a 23 000 retests we also discussed the latest with Logan Paul and crypto Zoo being hit with the latest lawsuit class action Lawsuit from their investors also Euro stablecoin launching in Finland claiming to be the first approved in the EU we also discussed the latest ethereum price action with a target of eighteen hundred dollars for February we also discuss on chain analyst Willy Wu saying institutional investors are quietly allocating to bitcoin which is sparking These Bitcoin rallies we also discuss uh Bitcoin explosion to a million dollars per coin is now on the table according to Quant analyst Plan B and I broke down his latest forecast but where do you feel the Bitcoin price is likely to go next let me know in the comments right Down below and I look forward to seeing you on tomorrow’s show peace happy 🔥 iTunes: http://itunes.cryptonewsalerts.net/ 🔥 Spotify: http://spotify.cryptonewsalerts.net/ The popular quantitative analyst PlanB is updating his forecast on Bitcoin after crypto kicked off the year with a strong rally.He says the king crypto (BTC) is heading toward the $32,000 price level leading up to next year’s halving event when supply will decrease.He predicts Bitcoin will cross the $100,000 price level in 2025 when he says it could climb to seven figures.SUBSCRIBE TO THE #1 DAILY CRYPTO POD! ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣ ═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝ – follow all of these or else it’s back to McDonalds: 🔥 iTunes: http://itunes.cryptonewsalerts.net/ 🔥 Spotify: http://spotify.cryptonewsalerts.net/ 🔥 Twitter: https://twitter.com/CryptoNewsYes 🔥 Telegram: http://telegram.cryptonewsalerts.net/ 🔥 TikTok: https://www.tiktok.com/@cryptonewsalerts – TimeStamps: 00:00 Trending 01:07 Market Watch 02:38 Bitcoin T.A.
05:46 Logan Paul and CryptoZoo hit with lawsuit 08:57 Euro stablecoin launched in Finland 11:05 Ethereum (ETH) price is aiming for $1,800 in February 15:20 Willy Woo Says Institutional Investors Are Sparking BTC Rallies 17:02 Bitcoin Explosion to $1,000,000 Is Now on the Table Show Notes / News Resources: ✔ Bitcoin Technical Analysis: https://bit.ly/3DDkDvu ✔ Logan Paul and CryptoZoo hit with lawsuit: https://bit.ly/3l9Hd8A ✔ Euro stablecoin launched in Finland: https://bit.ly/3RtqWHG ✔ Ethereum (ETH) price is aiming for $1,800 in February: https://bit.ly/3Xhdbxn ✔ Willy Woo Says Institutional Investors Are Sparking BTC Rallies: https://bit.ly/3YiDcgu ✔ Bitcoin Explosion to $1,000,000 Is Now on the Table: https://bit.ly/40oFTil 🔴 DISCLAIMER: This is NOT financial advice.This is an entertainment and opinion-based show.
I am not a financial adviser.I am not responsible for any investment decisions that you choose to make.Always do your own research and never invest what you cannot afford to lose.#bitcoin #crypto #bitcoinnews source.
