βWe got to talk about what is going on. We have Iran firing on new ships, but the markets do not care. They are shrugging off these worries, and Bitcoin now going to the very top of the range that we gave you weeks ago. The markets are looking freakish right now, it's getting crazy.β
βThis is a 79-day-old CME gap. This daily chart on the Bitcoin CME... if you want to find this for yourself, you type in BTC1! and then don't look under crypto, look under stocks. You'll see this is Chicago Mercantile Exchange. They closed trading on Friday, and they open it on Monday. When there's a gap, typically those gaps get filled, and just now, we are starting to fill the CME gap all the way up to about 81k.β
βIf we pump up to 85K and then have a drawdown of 30%, that'll make a lot of bears really excited, and they'll be very serious about that 30K, 20K mark, but that would literally only bring us to about $59,000 on Bitcoin price. That would re-prove that bottom of the candle that we just went through when we cascaded to the downside and that Max Fear moment happened. A 30% drawdown from that generalized slight overshot only brings you back down to the flat line of this range.β
βBitcoin shows incredible potential as a computer science tool that through the proof-of-work protocols is actually imposes more cost than just the algorithmic securing of networks and our ability to operate. And Bitcoin is a reality. It is a valuable computer science tool as a power projection. And outside of the economic formulation of it, it has got really important computer science applications for cyber security.β
βAnimal spirits feel like they're back. And then I start looking for what's the animal crypto project. And the Pudgy Penguin, remember the penguin that just walked off into the mountainscape too? The penguin meme has not stopped. So this is kind of on my radar now, especially with this last move, and Luca Nets knows how to make revenue.β
βWe have Iran firing on new ships, but the markets do not care. They are shrugging off these worries, and Bitcoin now going to the very top of the range that we gave you weeks ago.β
βIf we pump up to 85K and then have a drawdown of 30%, that'll make a lot of bears really excited, and they'll be very serious about that 30K, 20K mark, but that would literally only bring us to about $59,000 on Bitcoin price.β
Pentagon views Bitcoin as strategic cyber-security asset
βAnd Bitcoin shows incredible potential as a computer science tool that through the proof-of-work protocols is actually imposes more cost than just the algorithmic securing of networks and our ability to operate. And Bitcoin is a reality. It is a valuable computer science tool as a power projection.β
Russia legalizes crypto for sanctioned cross-border trade
βRussia just passed this crypto regulation bill that allows businesses and companies to use crypto as payment for cross-border and foreign trade settlements even under sanctions.β
Coinbase Premium index confirms institutional Bitcoin demand
βWhen it's high on Coinbase, it signals BlackRock ETFs are buying a whole bunch. Maybe Morgan Stanley, maybe Vanguard, maybe just institutions in general. ... As of now, it's flashing the most sustainable signal since Bitcoin traded at record highs all the way back in October.β
Ripple sells 300 million XRP monthly for operations
βThe CEO admitted the entire company runs on selling its own token. I'll just try to be fair here. Ripple paid MoneyGram 61 million dollars in market development fees to use XRP. MoneyGram told reporters, we sell XRP as soon as we receive it because we don't hold any XRP.β
Justin Sun sues Trump-linked World Liberty Financial
βHe said they wrongfully froze all of his tokens, stripped him of his right to vote, and then threatened to permanently destroy his tokens by burning them without proper justification.β