Welcome back to cryptos are awesome I'm George we're all George so happy Sunday Look at Bitcoin it's above 25 000 once Again but in this video I'm gonna make a Case for why Bitcoin can head up to 50 000 by June yes Bitcoin has been above 50 000 before but we haven't seen that In over a year but can we get back up to 50 000 once again within a matter of Months well that's what this video is About I'm gonna present three Three reasons why we can see fifty Thousand right around the corner If you look at anchi metrics there's so Many that show that Bitcoin is Recovering from bottom from way way way Bottom and whenever Bitcoin does recover From bottom it tends to bounce up quite Quickly right so this first one is the r Hold ratio and you can see previous Times back in 2015 and also 2019 right Remember those periods when Bitcoin hit About 3 000 right and then uh even Before it was like a hundred and fifty Dollars And then you look at mvrv score again You can see how low we are versus 2019 And also 2015. here's another one which Is the real life cap hold waves and then Here's another one Reserve risk I mean Bottom line is this they all look very Very similar these kind of metrics Basically show you when Bitcoin has hit Bottom using previous Cycles using
Previous data the metrics definitely Show that we are on our way up from Bottom but also so many similarities to 2019 right the last cycle after hitting A top of 20 000 basically in 2017 coming All the way down to about three thousand In 2018 2019 for the first few months Bitcoin Went sideways and then boom it started Going upwards and just take a look at This so so similar it's almost like Identical it's like a fractal pattern And you can see how even the the macd Was coming down right RSI was coming Down And then boom Let's start going upwards right and Looks so similar right now which is why Hitting something like 28 29 000 could Be right around the corner and then Hitting 50 000 right could come as soon As June All right the second thing is Institutional adoption institutions are Getting involved in a big way BlackRock BlackRock is just they have Their fingers and everything look at This okay they came out with their own Fun their Bitcoin fun a 15 billion Dollar fund which they do actually hold Physical Bitcoins they actually it's not Just a paper fund they actually hold Physical Bitcoin right so they're
Involved with Bitcoin already they also Bought a lot of a lot of shares in Silvergate and mining companies I mean They're getting involved with all the Bitcoin related companies or crypto Related companies out there they have Part ownership and also let's not forget Circle and coinbase BlackRock is a huge investor in circle And coinbase And microstrategy I mean They really do have their fingers in Everything right and the good thing About this is knowing who BlackRock is Seeing how entrenched they are that Means they're really really serious About this they know that this is the Future they want to get in and they're Going to bring a whole lot of money into The space okay a whole lot we're not Talking about just a billion we're Talking about possibly trillions in this Next Bull Run and it's not just them It's not just them Fidelity which is Also a huge huge Um as a manager they're getting involved Well actually I take that back they have Been involved for quite some time They're about to fully roll out their Their own exchange right now it's in It's kind of like beta testing right It's a zero commission commission free Uh exchange for the users but Fidelity Is already involved with the miners and
Ready evolve with institutions other Institutions right but they are Absolutely huge and they're about to Come out their own exchange and get Millions of people involved with Bitcoin And crypto and recently also I've been Covering about how George Soros getting Involved with miners microstrategy Banks Right they are involved in George Searles himself well at least as President said that They own Bitcoin so number two is the Institutional involvement adoption right When you have some of these big giant Companies hedge funds And asset managers like BlackRock Fidelity Soros and others that are fully Entrenched now right they have their Fingers in everything that means they Are really serious this is something That we haven't seen or heard of before In previous Cycles really this is the Cycle that kind of started the Institutional option so imagine when the Trillions start coming in how high Bitcoin is going to go So number three is different I don't Make an argument that the growing use Case of Bitcoin itself is also going Driving much higher for example look at This the very first Bitcoin nft Collection the ordinals is skyrocketing Over a hundred thousand have been Enscripted and more is coming so right
Now we know Bitcoin use case store value Medium exchange right as you can see Inflation pretty soon Taxes D5 nfts some of the things that May determine very very very popular is Now coming to bitcoin and this is Possible through some of these upgrades The last tap group upgrade that happened A few years ago people didn't really pay Attention or understand it but it allows Inscription basically allows images to Be stored on bitcoin's blockchain right And you can see tap roof adoption is Growing by Leaps and Bounds right now Right so think about it think about how Many people were pulled into ethereum Due to nfts or due to D5 or due to some Of the other things has happened over The years those things can now happen on Bitcoin so ordinals is getting really Really hot now it's starting to get Adoption uh with the wallet makers Because previously you know if you if You have ordinal you can't really see it You can't showcase it right but now it's Starting to get real adoption all these Bitcoin Um Bitcoin backed uh wallets are now Going to support ordinals and show you The nfts that you own right but it's not Just ordinals it's not just nfts Dax has Been around for quite some time and Stacks does also help uh dab makers Program
On top of Bitcoin so look at this you Have 35 000 smart contracts deployed Right and there's a ton of projects Trying to figure out how to operate on Top of Bitcoin so number three is I Think the growing use case for Bitcoin We we already know through the use of Lightning Network Bitcoin could be a Great medium exchange but also by itself Is a great store value the Hedge against Inflation but in the future who knows All the things that made Um ethereum popular could be coming to Bitcoin starting with nfts so imagine an Expo run how many people coming in will Be drawn to this All right guys that is pretty much it as I've been talking all right guys that is It look at Bitcoin now above 25 000 once Again let's see if it can hold I was not Able to break 25 000 and hold for two Times now right one time over here you Can see it went up to 25 too another one Another time here about 25 and we are a Little bit past it so it could be pretty Good for the remainder of this Sunday And it could be pretty good for this new Week all right we will see all right Smash of the like subscribe to the Channel I'll see you guys tomorrow have A good one bye
