It Is Crazy To Think That Bitcoin Is Done

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(Edited)

▶️ Watch on 3Speak


We see a lot of FUD that is promoting a lot of garbage. The idea that Bitcoin is in trouble is pretty foolish.

In this video I discuss 4 headlines that are out there in just the last 24 hours which are bullish for Bitcoin (and cryptocurrency). We see some big names who are taking advantage of this opportunity. Why do we doubt it whem the money players are piling in?


▶️ 3Speak



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bitcoin is not going to end even when it is sometimes controlled by some sharks
i read today news that Malaysia has destroy 1000 bitcoin miners who ran on stolen electricity

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Yes, it is indeed crazy to think that. And I also thought that in the recent few days. But Bitcoin (BTC) went up 6.87% in the last 24 hours, and it is above $30 000 USD again.

Bitcoin (BTC) is currently far from done.

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Yeah almost all crypto currency have increased

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I also think its dumb to think BTC will disappear. I think GrayScale would just continue buying even if BTC tanked much further. It looks like their strategy is more or less periodic buys no matter the cost.

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Summary:
In this video, the speaker discusses the recent pullback in the cryptocurrency market, particularly focusing on Bitcoin. He addresses the skepticism and fear surrounding cryptocurrencies due to the market's volatility. The speaker highlights three main headlines to shed light on the positive indicators in the market despite the current bearish trend: Elon Musk's potential reopening of Bitcoin payments for Tesla, Rothschild's investment in GBTC and Ethereum, and Cathie Wood's decision to increase ARK's exposure to Bitcoin. The speaker emphasizes the confidence shown by these influential players in the market, indicating that the current dip presents a buying opportunity rather than a signal of downfall. Additionally, he mentions a recent survey by Fidelity revealing that a significant portion of high-net-worth individuals are planning to invest in digital assets.

Detailed Analysis:
The speaker begins by addressing the skepticism surrounding cryptocurrencies, especially in the current bear market. He notes the significant drop in Bitcoin's price from $65,000 to below $30,000, causing concern and doubt among investors. Despite this, the speaker argues that questioning the future of cryptocurrencies is unwarranted.

Elon Musk's statement regarding Tesla's potential acceptance of Bitcoin payments again is highlighted as the first headline. While the speaker acknowledges the impact of Musk's words on market confidence, he personally downplays the significance of this news, emphasizing that what matters is the underlying technology and disruption potential of cryptocurrencies.

The second headline involves the Rothschild family investing in GBTC and potentially Ethereum. The speaker questions why such a renowned banking family would make these investments if they believed Bitcoin was doomed to fail. This move is presented as a vote of confidence in the future of cryptocurrencies.

Next, the speaker discusses Cathie Wood and ARK's decision to increase their exposure to Bitcoin during the market pullback. He acknowledges that ARK follows an aggressive investment strategy, which has been criticized during market downtrends but proven successful in the long run. The speaker suggests that ARK's actions signal a strong belief in the future growth of Bitcoin and cryptocurrencies.

Furthermore, the speaker references a Fidelity survey indicating that a significant percentage of high-net-worth clients are considering investing in digital assets. This data is used to reinforce the idea that smart money is flowing into the cryptocurrency market despite negative sentiments expressed by some media outlets and analysts.

In conclusion, the speaker urges viewers to pay attention to what influential investors and institutions are doing in the cryptocurrency market. He emphasizes that the actions of these 'money players' demonstrate a bullish outlook on the future of cryptocurrencies and advises viewers to consider these signals rather than succumb to fear and skepticism prevalent in the market.

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