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Happy Fri-yay E.T Fam! Well, I guess it’s safe to say that my prediction of adding another bullish week to the scoreboard was correct. Bitcoin has officially broken through the $60k ceiling! At the moment of writing this, Bitcoin is approximately $62k, which means that about 98% of the people that bought at the ATH are officially in profit. Congrats to all of the diamond hands out there.
However, it would be disingenuous of me to not recognize that we’re over-leveraged. That means that there is a possibility that this could be a bull trap. I’m not trying to rain on anyone’s parade, but it is my duty to keep it real with you all. We pretty much have confirmation that the SEC will allow a Bitcoin Futures ETF. Hopefully, this is the precursor to them allowing a full ETF before the year is out.
A futures ETF is cool, but the real thing is much more preferred. Futures don’t come without risk. However, one bullish piece of news is that the long term diamond handers don’t look to be interested in unhanding their BTC anytime soon. Fam, as we continue our run up, please start thinking about a profit taking strategy. Do not get caught in the windfall of the bull run ending. WAGMI! Have a great weekend fam!
00:00 = Intro
04:25 = Valkyrie Bitcoin ETF approved
10:42 = Krown joining the channel : any feedback?
13:25 = Bitcoin ETF shockwave
16:27 = BTC supply shock
19:35 = Do you have a strategy in place?
22:20 = Microstrategy massive Bitcoin bet is playing out
23:25 = Massive amounts of money are flowing into the space
23:52 = When a narrative becomes too hot…
24:38 = Senator Cynthia Lummis
25:30 = Market Watch
30:50 = Follow Dan Reecer VP Growth from Acala Network
31:40 = Follow Daniele to get ahead of trends
33:12 = Crypto community is growing strong
35:45 = AMA
#bitcoin #cryptocurrency #ethereum
DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR