Welcome back to cryptos are awesome George we’re all George good morning Wild last 24 hours Absolutely Insane Bitcoin shatters pumps above 20 000. even surpassed 21 000 briefly an Entire crypto market cap is nearing one Trillion once again so what’s going on Why is this happening is it going to Continue Should you Continue to hold well let’s answer all These things and more today welcome Welcome welcome guys I know you guys Probably anyone watching this right now Probably had a good 24 hours because After my stream on Friday things went Insane Insane Mode We went from uh you know High 18s 18 18 8 18 7. Then we shot up to 19 slowly and then Things escalated after breaking About uh right here about 19 3 ish right Then it started going up And up and now we’re right right below 21 000. so it surpassed 21 000 a couple Times and that’s where we are right now So a moment of silence though for the Bears Last 24 hours 735 million Dollars worth of liquidation that you Know that that’s basically all the Shorter’s all the Bears that refuse to
Believe that this rally could be real in Fact the largest single liquidation Order happened on Hawaii 6.84 million dollars Ouch Ouch imagining losing about seven Million dollars Within 24 hours just look at that as Bitcoin climbed higher more shorts got Liquidated and then we had this short Squeeze happen right and it’s it’s a Vicious cycle it goes both ways we have Seen way too many go the wrong way with Longs in 2022 but now we’re starting to To push back and it’s starting to happen To the Bears and shorter’s Ouch ouch but that definitely had a hand In driving us up to 21 000. that’s fantastic fantastic stuff And If you’ve been paying attention Basically we were already here right It’s not like we weren’t at 20 something Thousand we were actually doing pretty Well hovering around 20 21 000 we’re Making a little movement Above until FTX and everything collapsed Right but if you look at where we are Now We’re back to square one which is good Because that means everything that we Have lost or entire market cap is lost Right during that that two months period Three months period has been wiped out
And those of you guys that has been Taking advantage in dcing while things Are low broader cost average down right Well now you’re rewarded for that Because things are coming back to life And again getting back to pre FTX levels So that’s that’s awesome that’s awesome But you know you and I Know that this is just the beginning Um but you know the 24 last 24 hours has Been absolutely crazy the entire market Cap right now as it stands is plus 6.5 Percent however we were even higher than That we were above 1 trillion once upon A time but Bitcoin is definitely leading Away right now Bitcoin at plus 8.7 Nearly 9 above ethereum which isn’t too Shabby at eight percent right Um but you have Doge that’s about nine Percent you have polygon eight percent You have Solana coming up crazily right Now 34 Solana Pre pre FTX was in the 30s and I still Remember that vividly because I had you Know I my soul bags at that time was Like 30s right so it went down all the Way down to nine dollar ish that was This low and everyone said Solana is Dead it’s going to zero right but now It’s coming back full force almost in The top top 10 Again up 35 crazy polka Dot same thing a lot of people Gave up on polka dots seemed like it was Going nowhere up 16 percent
Man a lot of good good good I don’t know recovery green movement Pumping whatever you want to call it It’s looking good right now guys looking Really good now What else is driving this well a lot of These indicators a lot of these moving Averages a lot of these models that have Been showing for basically I don’t know how many months six months Maybe even more probably more but the Ones that that indicated that Bitcoin Was at bottom Bitcoin has basically hit A level where no one is selling it more Retail investors are not selling uh We’re just left with holders and Long-term minors and institutions that Refuse to sell and every single chart I Showed Was basically indicating that a move was Imminent right I know that it’s been a While but finally we’re seeing Confirmation like for example the 200 The 200 uh moving average right on the Daily chart it broke out finally finally Right so these are things that Charters And uh uh day Traders they look at and They’re like okay this is confirmation And we have a reversal right but You guys know I’m not a Trader I go by Fundamentals and fundamentals has been Getting stronger stronger stronger Addresses continue to go up the number Of Bitcoin being held continues to go up
Right these are things that you can’t Ignore and of course we’re getting Closer and closer to the next having Event so Um there’s just uh there there are just A lot of great things happening right But if you’re a charter you’re Strategist uh you’ll see oh man this is A big thing and I was wondering about it So I decided look last time Bitcoin was Above that 200 uh Moving average on a daily chart was all The way back when Bitcoin was still Around fifty thousand dollars right here Forty eight thousand was the last time Bitcoin broke below and above and ever Since then you could see We’ve been below it that’s that’s a Pretty good sign even though before Granted it’s not uh the end-all be-all Indicator because there has been times We have fallen below and then we Recovered above right but if you go back Even further you’ll see that prior to 2021 Um the last time Bitcoin broke out of it Was the covid crash where Bitcoin went To about 3 800 and then after it broke Above it didn’t stop it didn’t stop Until Bitcoin hit 64 000. yes there was Up and downs yes there was still Volatility but it never crossed below Until we peaked out around 64 000 then Headed back down so
It’s something like that In in the works well let’s hope let’s Hope but it’s a very positive thing also You know a lot of these other uh charts That show or a lot of these um uh you Know models and the patterns show that Yeah you know uh like this one ascending Triangle and then also this trend line Weaving below right we have broken out Both of them so pretty positive just They’re just so many it goes on and on And on and on right on and on on chain Metrics moving averages Patterns Indicators right uh clearly it showed Every single thing showed that Bitcoin Was oversold Were at or near bottom and it was Itching to to claw back and do a Reversal and head higher and that’s Exactly what we’re seeing that’s exactly What we’re seeing now It’s early I’ve been saying this for the Last week or so right it’s good to see It it’s still early right we could Definitely still see more volatility I Don’t think we’re gonna go straight up To 70 000 and Beyond no that’s probably Not gonna happen still a lot of macro Stuff in play Um but This gives us hope right gives us hope And Um and kind of kind of you know
Validates a lot of the the the things That we’ve been seeing because I know Throughout 2022 so many people kept Looking at everything positive I was Talking about and they’re like well you Say this but there’s no movement no Movement it never moves it never moves And I told you guys during These these these down periods they’re In these Corrections when Bitcoin is low When it seems like all hope is lost it Can be stagnant it could be really Really boring it could seem like it Never ever ever will move again and I’ve Been through so many of these down Cycles and every single time when you When you you’re just about to give up You think there’s just no point on dcing Or holding or continuing forward that’s When things usually turn around So fantastic stuff fantastic stuff my Friends all right what else is there Um I saw this Not that we want major Banks to come Into space but you know they’re fomoing In bny melon which is the largest Custodian out there on the planet I Believe Uh they’re saying we’re leaning into the Future with things like digital assets Even they can’t ignore Crypto because they know it’s the future And if you listen to the president Talking about things talking about new
Things that they’re looking at right the One thing they’re sure of is digital Assets and how it’s gonna play a big Part of everyone’s Future Okay so think About that think about how early we are Even though prices have come up prices Are pretty high market cap is pretty High but still so early Versus 10 years from now 20 years from now what Will be used then will be very different Than what is being used now so very very Early uh other things that’s going on Ethereum developer confirms that the Shanghai update is still on track for March no delays whatsoever they push Back a lot of things because their main Concentration is to open up staking so That people that have staked for two Years three years four years now right Can now unlock and unstake and withdraw If they wanted to only if they want to Doesn’t mean that everyone is going to Do it but they’re gonna open up Disability but out other things that They’re working on improvements to their Evm their ethern virtual machine also Ways to scale ethereum further so There’s a lot of things still in play But this is the biggest thing that They’re working on and speaking upon Improving evm you know guess what Paul Polygon they they are about to finish up Their ZK evm which is which basically
Uses zero knowledge Roll-Ups to scale You know transactions scale processing Of smart contracts so polygon seems to Be years ahead of ethereum at this point In terms of you know Um in terms of scalability right but They are dependent on ethereum because They are layered two and everything they Do is basically compatible with ethereum But again this is one of the reasons why I’m a big fan of polygon because they Are attracting so many dapps and Brands And companies at this point that Continue to move forward so fantastic Stuff uh what else is going on Um let’s see doj objects FTS choice of Lawyers Interesting interesting still still a Lot more things happening with FTX but Skybridge the mooch Anthony’s garmucci Right A lot of people didn’t know this But FTX bought 30 of Sky Bridge so Obviously he wants to get out he’s Trying to buy back the shares so that’s Actually happening but it kind of just Shows you how big or how how much SPF Was splurging on everything just kind of Throwing money out everywhere right so That’s also happening Um I did see this is still a lot of fun Around grayscale around dcg SCC now Targeting them but there’s another fun Company that is attempting to buy the Gbdc fund from grayscale well they do
This Well they actually sell where dcg Actually sell I don’t know I don’t know But it’s kind of interesting to think About if gbdc or any of the other trusts Are now sold to competitors It’s always been a grayscale product Right so it’ll be interesting if that Actually happens But anyways that’s pretty much it you Know what not a whole lot of news the Biggest news of course is this What I showed you guys like days ago Right when it was starting to come up I said hey there’s a pattern there There’s a pattern and the pattern Continues so Good things are happening all right Let’s do some q a Hellfire I appreciate it Whatever you can do I appreciate it Sergeant Sergeant Randy Pig first time chatter Welcome welcome welcome Jimmy Jimmy Doss So glad to say heavy in a slow period Congrats congrats uh let me let me Scroll up here make sure Haas clips Thank you for that super chatting up That Silver Gate no that bank not Looking so good but it is a bank so I do Think that They can’t just go belly up like some of The crypto projects I think The Regulators are probably
I don’t know there’s probably a lot of Oversight right now let’s just put it That way Um last time I heard someone was going Busting them or something someone’s Trying to bail them out uh do I hold That yes I do Any of these Would you hold any of these Optima Cadena Caspa the first two probably not Cast with I don’t know enough about it And too many people seem to be talking About it that concerns me a little bit But uh I’ll have to I haven’t looked Into Casper yet You know another Point some people have Been making uh Juarez Joe everything is happening right Now because there’s less faulty Exchanges yeah you know like before Before FTS collapsed and there was a lot Of fun around FTX I did mention like you Know what it does seem like someone’s Like counter training the market right Whenever we had any kind of momentum Seemed like the the Bears just killed it And brought everything down now in Hindsight I think we’re all wondering whether or Not FTX was just doing that FTX certainly Had enough ammunition they were Liquidating people left and right and You know SPF and Gary and Caroline they
They had enough funds to swash around Maybe they were just counter trading Everyone they were Contracting the whole Market that’s why Bitcoin never seemed To have any momentum Um And and we were suppressed for so long And now that FTX added a picture We’re getting some good recovery maybe Maybe we you know I don’t know if They’ll ever prove that in court but it Makes you wonder If uh if the Bad actors like FTX Um We’re suppressing the market Uh Uh spillways I know small cap do you Have an opinion on this Uh I never heard of that so I don’t know I don’t know about it Said Michael appreciate that Appreciate it What do you think about xavas and launch Pad for Avalanche I’m not familiar with that project Specifically but I have seen many many Launch pads launch pads themselves don’t Do well I mean quite honestly Um they basically they force people to Use their token to participate in these Launches right but the money is in them In the projects themselves not the Launch pad I’ve seen a lot of launch Pads
Launch uh over the last few years and None of them are are big you know They’re there but honestly if you had Great projects Um I mean great projects don’t need to Launch on a launch pad they just launch Right so it’s kind of uh It’s kind of counter-intuitive to launch On a launch pad let’s just put it that Way Sam appreciate it hello do you see us Dropping before we hit 30k you know Interesting thing I don’t know like the Market tends to move in mysterious ways Sometimes and really even And obvious numbers Right now you can see I I’ve drawn some Lines here I mean actually I had these Lines for a while right the next big one Will be the next big resistance I should Say is right around 24 000 right and Then the one after that probably Anywhere from here like 28 8 29 or 31 000. So because of how fast we have moved and Um and the short-term indicators are now Showing where overbought levels I do Think at some point will hit and then You know take a breather right take a Long breather not just keep skyrocketing To the Moon although it can when there’s Fomo and institutions are now thinking Well you know I should have bought
Bitcoin when it was at fifteen sixteen Thousand now I better buy it before it Goes back to thirty thousand right you Don’t know I mean the charts will They’re right until they’re wrong Um But you know because of what’s happening Right now I would say the next stop yeah It’s either one of these 24 or 31 and After we hit it can we retrace a little Bit yeah that’s a real possibility we Have seen that before I remember when we Were coming off of our bottom of 3 000 Uh back in 2019. we went all the way up To 14 000 14 000 before coming back down again Um so sometimes it does happen right So Uh I’m looking for a point where kind of Bitcoin stops consolidates right maybe For a while maybe for weeks or months And then continues up that that would be The best case scenario if we keep Shooting up which I know we all love but Then the chances of it coming down is Much greater right so we’ll have to find Some level and I’m perfectly fine if Bitcoin just stays at this level twenty Thousand twenty one thousand uh like Before right you can see we’re here for A long time right but if we do break Above 24 we’re right back to the 30s Um hopefully that answers that do you Hold in D Gods no I do not
Uh I missed a lot while I was rambling Here Um There’s black rock in on This I I don’t know I mean they said They bought already they said they Bought and put it into their their fund Um they’re 15 trillion dollar fund So who knows who knows if they’re still Buying or they just you know we don’t Know What happens to all the Bitcoins in Their major liquidations goes to the Opposite side Patrick it goes the opposite side Whatever people get liquidated it gets Sold and people that on the other other Side which are the long stay profit Right but there’s a little bit of that Cap for the exchanges exchanges win no Matter what doesn’t matter which side Gets liquidated Um and which side place is the trade They collect their commission right so Exchanges win that’s why every exchange Offers some kind of Um leverage trade uh outside the US in The US they can’t but outside US every Single one does and um Yeah that’s what’s happening Should we still be uh 50 25 25 There’s nothing wrong with that I think The last few days actually proved that Bitcoin when it pumps
Is still the Big Daddy Bitcoin and within the last 24 hours and You could argue the last seven days Outperformed Uh majority of all coins that’s why you Don’t want to ever give up on bitcoin I Know a lot of people like during bull Runs especially like 100 in alts what Sometimes works great but then when Things come down they don’t work great Because all it’s fall much faster much More than Bitcoin and during bull runs You’ll see sometimes Bitcoin just leads The way And unfortunately if you’re trying if You’re trying to increase the number of Bitcoins you have in your portfolio you Know every portfolio tracker will tell You what your dollar amount is in Bitcoin right and a lot of times even Though the dollar amount goes up but you See the portfolio value of Bitcoin Actually in in Bitcoin coolness it go Down And that’s horrible you don’t want to Actually see the Bitcoin the coolness That go down you want to see that go up Because that means you’re gaining on Bitcoin that that means you’re actually Doing it right otherwise you should just Be holding Bitcoin right so I think being Diversified is still good Still a good strategy kind of balances You out
Sean I already answered your question People asking about hedera Well hedera made moves over the years to Make make them much more likable they Are open source now they’re getting Involved with Smart contracts they’re already involved With tokenization and nfts Um and they have a large console of Huge companies like IBM and Google and Stuff like that right but they are Behind in terms of smart contracts and Start in terms of D5 way way behind Other projects but they are You know changing changing themselves Slowly that’s good uh Fidelity crypto is Now open according black show I think That has something to do with it no but Here’s the thing uh as we Trend higher It’s definitely going how to effect Because Um You know the more ways someone can get In the space right it’s just basically Making it easier back in 2017 uh besides Coinbase all the other changes were new And no one wanted to you know touch them Right and coinbase had its limitations It was down all the time and customer Service issues and stuff but now you Have so many options All the dejons for Robin Hood they buy Right on Robinhood you could buy in cash App right now a lot of people that are
Um that have funds with Fidelity or They’re used to a Fidelity system they Could get in really quickly right it’s The same thing with others in this space I mean there’s so many venues now Um that makes on-ramping really easy and It you know the next Bull Run is gonna Be it’s gonna be insane let’s just put It that way the amount of money that’s Flowing that will be flowing in and how Easy it will be for them Um for the money to flow in will be will Be unlike any other bull runs we have Experienced The people who hate the rally the most Seems to be the hardcore ta guys people In crypto space need to stop taking ta’s Gospel understand his history People hate him the most first of all Are probably hardcore ta guys that are Short like the people that are calling Bitcoin to fall below 10K or to 5K or Whatever okay they’re probably the most Mad because they Place their shorts And they’re part of this group now You know if you don’t if you don’t like Bitcoin don’t short it just don’t buy it You could sell it you could you know not Buy it but don’t don’t short it that’s The most dangerous thing you could do Um so I agree with you Um you know very very select few that Really really know what they’re doing Could probably make a good amount
Trading Bitcoin and crypto right and a Lot of people get lucky they’re very Successful at it but You can’t dispute the fact that Long-term holders they’re the ones that Make the most uh in everything not just Bitcoin and crypto but in stocks and Equities in real estate Long-term holders are the ones that make The most and are are the billionaires Um so it’s a strategy that works Awesome no it’s not 15 billion man it’s 15 trillion BlackRock holds trillions and trillions And trillions and trillions of assets George thoughts on beloved xrp Gotta wait for that lawsuit gotta wait For that lawsuit to end they’re always Going to be suppressed because of it Um even though they they’ve trended up a Little bit recently but they’re not go They’re not going to see their full Potential until that that lawsuit Resolves St Stephen I bet your name but I appreciate it Uh xdc’s future I’ve looked at them before they look Promising but You know not some not something I not a Project I particularly follow Well price will Matic hit in your Opinion next year I don’t know Matic
Uh depending on next year how crazy the Bull Run is but you know it’s still it’s Still way lower than than its previous High right I think a hit as high as Three dollars or something like that Before so It’ll be much higher than that Uh Manuel appreciate it 50 every week in The Bitcoin is that simple Yeah you eat out less once or you stop Buying coffees a few times right Everyone has the capability to save just A little bit more to DCA Um not to say that that’s what everyone Should do not giving Financial advice But people Over the years have told me how they’ve Been putting you know a little bit here A little bit there and and it has added Up quite tremendously over the years So Hey I I do agree with you I do agree With you for sure Do I hold any BDC mining companies no I’m really thinking about Um Going heavier into uh coinbase So I think I I forgot how much I bought I bought some call options I think for a Coinbase last week Because If bitcoin’s coming up coinbase is gonna Go up for sure right Um I forgot I think I bought very little
Amount of coinbase but outside of Coinbase and Tesla I don’t hold any Other stocks And they’re very very tiny they’re small Amounts just a few thousands worth Ah How do you feel about Avalanche I like Avalanche they’ve made a lot of big news Recently I think it you know being able To spin up a note on AWS Um is cool but more importantly they Formed they formed a couple other Partnerships but if you look at their Ecosystem just growing right their Transaction count is growing burning is Still happening they’re still developing More stuff they have a couple wallets Um you know they’re getting side chains I mean everyone’s in introducing side Chains and they already have it so I just saw someone sent me a proposal From cardano too iohk had just released Of the the framework for side chains on Cardano like everyone’s trying to get Involved with that Stephen young are you happy you held on This Soul Back sure this is why I held On in case it could come back up and it Did but still I’m down versus pre FTX Levels Um but there does seem to be a lot of Enthusiasm in in Salon again because of How oversold it was Um what do you think would lead the next
Bull Run D5 gaming and I think defy definitely because of the Uh because of FTX collapse D5 I think Will get really strong really strong This next Bull Run Um there’s gonna be less dependent on Centralized changes and more dependence On D5 Uh gaming and AI could be huge a lot of People have been asking about AI because There’s a lot of chatter because of chat Gbt Um so AI could be but I still think AI Is too early metaverse was still there Um nfts are still there gaming you know We’ll see the the last generation of Games were not that impressive and the Next gen games are still not done uh so Gaming could be impressive too but I Think D5 for sure AI could gaming and Then everything else Mana and sand start pumping because of Gala Gala started pumping because you Know they announced a few things burning And the movies so they start going up But they have a ton of games already but I think people started looking at some Of the other oversold projects like Decentraland and sandbox Um So that’s kind of the reason I haven’t Heard much about either in terms of new Brands coming aboard or anything like That but they’re definitely the the
Leaders of the metaverse in the crypto Space What do you think about compound Finance Pump Nothing about it but I just did Say that I think D5 is going to play a Huge part in this next Bull Run for sure The engine pump I didn’t I didn’t pay Attention engine but engine is in that Space too That’s okay I don’t know why I just Turned off night mode Haven’t heard much about engine recently Though to be honest Oh yeah I guess here’s one Engine now’s partnership with square Unix to make branded tokenization Collectibles available using Infinity That was six months ago Jimmy I’m glad to hear it Glad to hear it What’s the next sheep A lotto ticket I don’t know about it if you guys won That Mega Millions that was crazy Uh I don’t know if there will ever be Another sheep sheep could be a one-off Okay I know so many others are trying to Copy it so many others are trying to you Know jump in Every single meme coin hoping that it Could be a next sheep keep in mind it Could be just a one-off and we would Never see another pump like it
Again with meme coins Anchor they got that you know they Suffered a huge hack I I was always a new Tri anchor I never Liked them that much but they’re in Liquid staking and hosting uh but they Suffered that huge hack and that That was no good No good at all Chris I’m not working with a trainer I Should be though Phantom is also doing good another one Of my Favorite L2s Phantom is L2 and ever since Um Is doing good today too ever since uh Andre Cronin came back you know they had A lot of momentum and I think they have A couple conferences too Where are they or maybe I passed them up Already I mean today is just a good day look at Compound up 38 someone asked about that Helium and 22 percent uh engine is up Here I mean the last 24 hours Nice where’s Phantom there we go up 15 Percent I always DCA into Adam love this project I do too I talk about Adam a lot Yeah you know for me I I just like I Just like the projects I like the most Are l1’s l2s because they’re the base
They’re the platform they’re the Framework they’re they’re the operating System for all future dapps right so It’s like investing in Microsoft or or Uh Apple because They’re they’re the ones providing the Structure right so a lot of these I think a lot of them are similar but a Lot of them are different too like Cosmos is one that’s really different From a lot of others Simple Green It’s good to get a reminder every so Often Is building a house a better value than Buying Um no Is much better value buying than Building but building you get exactly What you want that’s the thing when You’re buying a house there’s always Something that you wish could be done Differently so you either have to spend The money or you just live with it but You definitely get a lot more let’s say Space Um size or whatever because it was much Cheaper to build a house 10 15 20 years Ago versus now So if you’re looking for best bang for Your buck you buy but if you want Exactly what you want right uh then you Build Melvin the thing is Adam Quant is a B2B
Project Quant basically helps businesses create Daps that can work out at any chain Ultimately that’s what they do uh They’re inner Ledger or over Ledger Allows for that to happen but they’re Really just concentrating on B2B they’re They have a whole thing about helping Businesses and being like a consultant To them and stuff like that they’re Really not competing with Adam at all They’re very different No I’m not putting 100x long no no no no need for that and It’s too dangerous You don’t want to become one of these Guys right here okay All right guys I’ll let you go enjoy Your gains Uh but last 24 hours Wow right we finally got a good Good reminder of what uh what a good Recovery feels like what a pump Actually feels like right we have wiped Out we have wiped out all the all the Losses pretty much from the FTX debacle Um although I know a lot of people still Have their money locked in and that’s Sad but if you’re looking at in terms of Bitcoin right pretty much wiped it out So that’s fantastic So let’s see what happens can this Continue yes when nurse fomo involved You know forget the charts and Bitcoin
Would can go up as high as it it wants To but at some point I think we will Stop retrace a little bit you know re You know consolidate right but I don’t Know if that time is now we could Definitely see more momentum this Weekend right so it’ll be interesting It’ll be interesting Smash it a like subscribe to the channel And I’ll see you guys tomorrow same time 10 30 a.m Central Standard Time all Right have a good one guys take care Bye-bye Um
