We are seeing a Resurgence with risk on Assets we just have one of the greatest Recoveries we have ever seen for January Almost 40 percent The second highest recovery for January We have ever seen in bitcoin's history Think about that okay and it makes sense It makes sense because we were so Oversold the entire Market was oversold Bitcoin was oversold so many people Getting bearish right so of course when That happens and Bitcoin and entire Market becomes extremely extremely Bearish and oversold you have a Tremendous bounce and that's what we had In chandraway right will it continue in February well if you look at this Traditionally speaking February is a Very very bullish month very bullish Month okay look at it 2022 12 20 21 37 2020 yeah minus eight eight nine percent But then yeah 11 1 23 20 18 percent Only you know 2014 was pretty bad So we'll see can we have another Tremendous recovery month well it Depends on tomorrow It depends on tomorrow and my gut is Telling me that tomorrow will be good During these fomc meetings usually what Happens is you see Bitcoin dump All of a sudden and then it starts Recovering and then it goes upwards Usually that happens if Powell says Something good the last time Powell said
Something during the last press Conference I remember the first half of The day or maybe the full day it was Down but what he said was actually Really positive but people just Overreacted so then we started coming Back up so it could be the same tomorrow But anyways tomorrow will be very Interesting for sure for sure now of Course if you're comparing our recovery Right now there's a lot of similarities To 2019 Right 2018 2019 2018 was a bottom 2019 Was recovery and you could see Pretty similar pretty similar and if we Are at that that you know break moment At B Right that means what follows will be Tremendous remember in 2019 we had a Tremendous run from about 3 000 all the Way up to 14 000 3 000 to 14 000 almost 5x within a Matter of months then it came down right So there's a lot of people that are Thinking that we could go up to as high As 40 000 or 50 000 by May or June Gonna happen well we're repeating 2019 Maybe but if it happens that soon will Probably come down after finding that Peak so we'll see but we are definitely Mimicking that recovery from 2019. Right and here again comparing to 2019 And 2015 right whenever you break out of
That that descending Trend line you break out of it good Things happen afterwards right so There's just there's just a lot of data A lot of data a lot of unchain metrics Like this one new pool which is Measuring Profit and losses and basically we're Getting out of the losses we're getting Out of capitulation there's just so much So so much happening right now That's why so many are bullish right but I've been bullish with you guys for Quite some time I believe in the future Even though The present could be volatile could be Scary we had a tremendous 2021 year and Then a horrible 2022 year it happens but If you really know what's going on you Really understand Bitcoin well then you Will stay bullish like me forever Forever uh and hopefully you guys are Learning Um Each and every day by watching me before I move on I want to talk about privacy Really quick are you concerned about Your internet activity being monitored Or are you concerned that Central Exchanges are tracking your location Through your IP if so and you want to Keep your activity at location private Then check out nordvpn nordvpn helps Protect your online privacy and security
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So that's great for coinbase they did Nothing wrong and they've been coming up Look at that almost six percent already Because of course crypto is coming up That means their fees the profits are Going to go up and this is good overall And remember Kathy Woods been loading up On coinbase recently right she's been Loading up on coinbase in the 40s and 50s now we're at 70 already although We're still really off from Highs but Uh pretty good pretty good Look at coinbase I just started a stream Like 20 minutes ago 15 minutes ago it's At six percent now it's at 12 percent 12 Tesla Up five percent My open calls on Tesla is like crazy I bought it at right time I bought some Open calls on coinbase too uh and that Is going crazy too man coinbase is a Really good play in my opinion because It's just a play on crypto if crypto is Coming up you know bitcoin's going up of Course coinbase could do well and same Thing with the mining stocks too for Those of you guys that are interested The SEC just lost a huge huge case with The project library now in case you're Not aware SEC sued this decentralized Library of videos and knowledge and Everything because they thought that not Only did they host a legal token Offering but that because of that
Illegal token offering that the entire Project Is a security so that is why they wanted To shut them down now This was big news because Library Initially did lose They lost and they said that they were Going to pretty much close doors and Give up but luckily they did not they Appealed that decision and now The judge has clarified saying yes the SEC got him on that token offering okay But that does not mean that Library Itself Is a security and Library can still have Other sales for example the library Tokens that's being sold in the Secondary Market In this case like dexes for example or Centralized exchanges for example those Are not considered security offerings Nor is Library itself a security just Because they did have the security sale Oh by the way that's the market Bell Right So this is absolutely huge this means That Library yes they play a fine for That that initial token offering but They can continue on and move forward They are not declared a security and They're able to still have their tokens Being Traded in the free market That is huge that is huge because one of
The things that Gary was banking on is The fact that they catch someone doing Some kind of token offering or had a Token offering they just want to label Them completely as security right where Gary does That's not gonna be the case anymore so This is going to set a huge president on Everything else that the SEC is going to Do from here on out in terms of crypto Right so of course people are now saying Well this means xrp is not a security There's no way that xrp could be deemed To security just because they had token Sales before too maybe maybe they'll Slap Um Brad uh garlinghouse and Chris Larson And maybe Ripple himself with some fees Because they did have Ico before and Sold some tokens but that does not mean Xrp is automatically a security And ripple can continue with business as Usual that is how the lawyers are Interpreting right now so this is Absolutely huge huge it's the same thing With the ethereum people are thinking Well the SEC or Gary is going to declare Ethereum security just because they had An Ico no No that means they can't they can't Automatically just say everything is Security because they had an Ico right So absolutely huge absolutely huge Um so I want to lead off with that this
Is good not only for xrp but also for Ethereum also for any other coin really That had a Ico Um and of course good for Bitcoin Because we don't want SCC to overstep we Don't want Gary to overstep Fantastic fantastic fantastic fantastic Right I'm actually surprised that xrp Right now is not skyrocketing to be Honest I I thought after this came out Xrp Army would just be buying SRP I Thought xrp would would shoot up but Maybe it will maybe it will we will see But that is definitely the biggest story Of the day because of that loss after Jerome Powell Had his press conference and most of you Guys join me while uh while he was Talking right uh the bottom line to Summarize He said what I Expected I told you guys what I was Expecting and he basically said it in in Much more words than I did so 25 basis Points overall that's really good so We're up to 4.5 for our federal fund Rate okay not too shabby better than a 4.75 Um but overall he said hey our job is Not done we'll continue forward but he's Open he's gonna reevaluate his mind During the next flomc meeting which is In uh end of March he's open to the fact That maybe we can still bring inflation
Down without destroying the labor market And without forcing unemployment to go Up that's the big thing He had some dovish moments he said some Very bullish things but he he tried to Hide it with hawkish tone he kept going In circles but this is the first time Since I've been covering these fomc Meetings where he gave notion that hey Maybe we we have done enough maybe we Don't need to be so aggressive anymore Maybe we'll evaluate and decide that we Don't need to raise rates anymore or Raise a slower right Um this is the first time he became Somewhat dovish even though he had a Hawkish tone I know it's hard to you Have to read in between the lines if You're a very if the if you watch the Press conference today and it was the Very first one you're like I have no Idea what he's saying right but for me I've listened to it like a dozen of them Um and I know exactly what he's saying I Know exactly what he's feeling right and This is the reason why Market went up Today because If you could read in between the lines And you can get a sense of what he's Really saying it's a very bullish thing And this sets the tone for the remainder Of the Year okay US economy is not Collapsing it's softened but still quite Strong inflation is coming down
Right and investors are feeling better About it after being decimated for an Entire year now we have some hope that We can actually recover Right It's a good it was a good press Conference it was a good press Conference good afternoon night overall It's not over we still have some days Left in this week and of course crypto Bitcoin never sleeps so we got we got More we got more movement that's for Sure some people have asked me about Michael burry what do you think about Michael Brewery saying sell the day Before the day before the fomc meeting And guess what he has deleted his Account now Okay Michael Murray unfortunately yes he Had a right call with the housing market But ever since then he's been Negative Nancy Ultra bear no matter what Right Um and he probably wrecked himself he Probably had a big short once again uh And he guessed wrong he guessed wrong he Got it completely wrong so wrong he Doesn't even want to hear people saying I told you so he just deleted his entire Account not just a tweet the entire Account That's how bad it got that's that's how Bad it got from Michael Brewery okay so In case people are wondering reported
That Twitter and some of you guys may be Wondering why doge is going up it's Because of this Elon has been secretly Working on some kind of payment Mechanism for Twitter and he has said it And passed of course he wants to Contract Fiat but crypto Bitcoin and Crypto probably Bitcoin and Dojo who Knows Doge first could be coming and This is what all Dogecoin holders are Waiting for some kind of integration but Now this is heating up It's going to happen just a matter of You know matter of time right it's just Come out next month right in February Who knows who knows but this again is Starting to heat up and this is why so Many people are are getting excited once Again about Doge right who who's sitting At number nine on CMC and has not Dropped off you have a whole bunch of People that really love Doge but let's Not forget It could be more it could be Bitcoin too Ethereum right Elon has said himself he Holds the most Bitcoin and that second Most ethereum and then third Doge but Who knows even though she could be Holding billions we don't know at this Point right but this is this is exciting
