Bitcoin Is Going To Go INSANE Next Week! (WATCH BEFORE MONDAY!)

In this weekly recap video, George talks about the major catalysts that are coming to push Bitcoin higher.

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0:00 Bitcoin
3:05 Bitcoin On Exchanges
4:40 Bull Market Territory
7:40 Bitcoin Millionaires

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Let’s do this welcome welcome welcome guys look at Bitcoin today still holding right around 44,000 right now Bitcoin is holding very strong obviously no one really wants to sell Bitcoin ahead of a spot ETF approval but I did notice alts bled out a lot of the crypto projects have bled

Out and I have a theory about that why that happen happening if you look at Bitcoin dominance right here and I wish I could make this bigger but you can’t make it bigger it’s hard to see but the blue part okay the blue part is Bitcoin dominance and then you have eat

Dominance and then you have everything else dominance but the important part is the blue you’ll notice back in the day back in the day Bitcoin dominance was in the 90s and 80s okay Bitcoin dominated everything as it should have because uh there was really everything was just

Copycats there was nothing going on in space right and then you know in 2017 that’s when you see uh when you saw ethereum dominance come up because the very first programmable chain out there and yeah right now each still has a decent dominance but you’ll notice that Bitcoin dominance has been gaining has

Been gaining strength you can see over here Bitcoin dominance fell to as low as 37% back in November and then it started going up and up up and up and up and up and now it’s at 50 52% even though it’s like at 50% just a few days ago right so

Why is this happening well I mean it’s pretty clear it’s pretty clear because a lot of people are selling off their alts in anticipation that Bitcoin is going to pump pump to the Moon especially ahead of spy ETFs let let’s not forget not just spy ETFs the having event is right

Around the corner too having event is is 3 months away so this is why I’ve always said it’s important to hold some Bitcoin in your portfolio there are too many people that hold nothing but alts 100% on alts and not only even the big ones a

Lot of the micro ones you need to hold Bitcoin in your portfolio Bitcoin 50% in your portfolio will give you that stability it’ll give you that strength like right now bitcoin’s not moving everything else is going down and also it gives you that growth when Bitcoin goes up everything else actually drains

Out we have seen that time and time and time again where Bitcoin dominance just gains and really sucks out of liquidity from everything else so that’s basically what’s been happening I feel like a lot of whales a lot of whales they’re like well spot ETFs around the corner we

Better get that cash ready for Bitcoin because when we get approval bitcoin’s going Skyrocket that’s exactly what’s happening right now and after we get approval we could see just Bitcoin fly upwards Skyrocket and ALT may be taking a breather for a little bit besides all the ETF stuff what about

Just some fundamentals well this is the biggest one balance on exchanges the percent keeps going down right just down down down and periodically you see big dips down what drives Bitcoin or any of these cryptos price upwards demand go has to go up supply has to go down and that’s

What we’re seeing bco coin’s Supply keeps going down with every having event that’s also coming this year within a couple of months it cuts the inflation in half for first time in history it’ll be Bitcoin will be less inflationary than gold and it’s better than gold

Because it has a set Supply you can’t infinitely mine it like gold you can’t find gold you can’t find Bitcoin in space like you can with gold so and we know because of all that’s happening right now and what’s going to happen in the future demand is going to keep on

Going up so Supply no demand keeps going up like this and Supply keeps going down so what do you think is going to happen to the price why do you think Michael sailor is so bullish why do you think he holds billions and billion billions and billions of Bitcoin because he knows the

End game he could see it the end game is there’s just not enough Bitcoin to go around not enough SS to go around and the name in a game is to accumulate as much as possible right now before that happens because once the whole world Embraces Bitcoin it’s too late then

Bitcoin will be at a million 2 million 5 million each it’s go make sailor the richest man in the world someday you know even though we had that we had that little scare we had we had Bitcoin sell off but like I said we’re recovering upwards and we’re in bull market

Territory okay Brian Kelly from CNBC no he’s not from CNBC but he goes on CNBC a lot lot okay Brian Kelly has been one of the bigger crypto Bulls since 2017 some of you guys may remember at the peak of 2017 he went on air and

Told everyone to buy xrp and and uh that’s when xrp hit like almost $4 and for a brief period of time xrp actually surpassed Bitcoins market cap during that run but you know he he calmed down since then but let me let me play this for you guys because he pretty

Much answers or he squashes this notion of buy the rumor sell the news when it comes to spy ETFs all right so um why shouldn’t we believe that that you know the Bitcoin ETF approval isn’t a sell the news event it seems like there’s so much riding on

This approval there’s so much over the rally um predicated on that that when it happens you know what next yeah right I mean listen as as a Trader Mike gut always tells tells me things go higher I get a little bit scared right so I do think a lot of the

Speculative fever around the ETF is probably reaching a crescendo this week so yeah could we get a selloff sure but I think that would be a selloff you know a dip to buy because remember dip to buy there are still a lot of people that have not been able to buy Bitcoin for

Their portfolio so even a one to two to even 5% allocation in IRAs or from private wealth managers they’re going to be buying the ETF over the year and since you have Tim on the desk it’ll serve as a four on the floor drum beat for the rest of the year so basically

That’s it like I said if we have a selloff which we did yesterday and kind of reset things okay it’s a buying opportunity but you can’t predict how much money will be flowing into the space that’s exactly what Brian said all these fund managers that before couldn’t

Get exposure to Bitcoin now they can by buying spot ETFs they will continue to do so for remainder this year and next year and you can’t predict that you can’t like price that in yet because we could have billions to trillions flow in that’s why it’s so significant right so that is still

Around the corner that has not been taken off the table okay so we still have a January 10th deadline even if we don’t get approval well the next dead lines a few months away in March right before the having event then you have backto back Catalyst to drive Bitcoin to

A new high okay so it’s really that simple Bitcoin will continue to do its thing Bitcoin will continue to make millionaires in fact there’s 990,000 Bitcoin millionaires now a 300% jump from 15 years ago well obviously from 15 years ago um but still more and more people are turning to bitcoin

Because they understand that it’s the one thing that you want to put your money in and just holdal and and DCA forever basically