Bitcoin and Crypto on Edge Ahead of Key Decision

In this video George talks about today’s FOMC meeting decision and what it means for Bitcoin and crypto.

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0:00 FOMC
2:40 BTC ETF
4:43 Bitcoin History
6:19 Stablecoins
6:55 Bitcoin Green

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I think yesterday last night I talked about Bitcoin dipping a little bit this morning we’re around the same level I do think markets are looking at what pow has to say today will be the very first fomc meeting where he’s not going to be raising or cutting but he’s going to be

Giving guidance on the rest of this year right there’s a lot of fomc meetings I think there’s like nine of them or eight of them that’s coming up this year so there are a lot and people are wondering when he’s going to start cutting because it does

Look like the economy still doing well inflation at least according to CPI and PC still holding low even You could argue whether those are real data or not I don’t know but uh it does show that it’s about time we had elevated rates for a long long long time and let’s not

Forget this this is a presidential election year which means that markets have to do well which means that pal is under pressure to start cutting so today everyone’s going to be listening in to see what he says about the future now out of the dozens of these that I’ve

Attended he always gives a hawkish tone every single time so you have to read really in between the lines looking for that one phrase or one word to really get you got to really kind of like put two and two together so to speak right or interpret in a certain way um and

We’ll see how the market reacts um I’m sure the the reporters will be asking some important questions during Q&A although I say important lightly because sometimes they’re just the same question over and over uh just said in a different way but if we do get what we

Think or what a lot of people think basically a lot of people think that he’s going to say something about Ray Cuts coming up soon or if he hints or indicates that that they’re coming right and it may be starting as soon as March the markets will explode all markets all

Us markets crypto Market uh every single Market will will explode but if he says nothing and he retains a hawkish tone then probably nothing will happen but there’s a lot of excitement over today’s fomc meeting so gotta brace for that but it could be a good thing it could be a

Very good thing brace afterwards you know we could see we could see Bitcoin explode too gray scale outflows versus everyone else’s inflows for the ETFs so yesterday it was already reported that grayscale outflow went up it upt a little bit versus Monday minus 221 million but look at this black rock

Had a huge huge addition day plus basically 300 million Black Rock alone made up more than made up for grayscales outflow and then you look at everyone else fideli was trailing a little bit but then you look at bitwise added a 22 million uh Arc added 17 million but

Overall net inflow into these funds is 270 no 247 million which is fantastic so now we are seeing net in flow not net outflow and black rock is at 2.8 billion now and Fidelity is at 2.3 2.4 and the others are closing in at 700 you know so this is very positive we

Got a few more days this week if Grace scale outflows continues to diminish and inflow continue to go up which I think they will there’s no reason why well obviously this is Kess Supply shot that I’ve been talking about right so this is pretty positive but again I always say

This it’s positive asterisk shortterm right we would love to see more Bitcoin being taking out circulation to cause that Supply shock to cause the price to go up but long term is just horrible you know we don’t want these big guys to be holding so many Bitcoin and controlling

So much of the Supply right so just make sure make sure you grab some before it’s too late but I think that fed decision today will be will be pretty big will be pretty big and I’m really hoping that because many analysts are ready are calling it I really hope that that he

Indicates that a Fed cut is coming and it could be coming as soon as March Bitcoin history is rhyming why analysts are still bullish on bitcoin I mean I’m always bullish on bitcoin but you know here’s a really really encouraging chart right here okay why it’s rhyming uh because that’s what

Bitcoin does because the most important the most important Catalyst of any fouryear cycle is the having event and we have not deviated from this uh it pretty much looks the same every time we have a having event we recover we’re not quite back to our previous high but

We’re we’re close and then afterwards we start going upwards right so if you look at it 2017 and 2021 are actually more deviation than than um than the other Cycles but still I followed the same pattern and we are following the same exact pattern right now as before so all

The volatility the little dips and swings and and you know everything else that we’re seeing uh just know that it’s perfectly normal every single cycle we go through this those of you guys that ignore the little dips and bumps and volatility and you continue to hold on

DCA you know not only have you been hardened but you’re making gains that’s that’s quite simply it you’re making gains because you’re being rewarded for your patience that’s it people that tend to jump in and out and try to outsmart the market by doing a whole lot of

Trading they end up losing more than they win that’s just the bottom line you know keep keep doing what you’re doing uh also we got a lot of stable coins I’ve mentioned this before a lot a lot a lot of stable coins coming into the market right now

And and they’re not coming in because people just love stable coins no because they’re getting ready to buy tether is close to 100 billion already usdt is usdc is still close to 30 billion so right there you got 130 billion waiting to come back into the market that’s just

Sitting there already that’s already in the market it’s just not into the AL yet or Bitcoin and they will today’s the last day of the month and and I bet you guys didn’t know that if we do close green which I think we will there’s no reason really unless p is something

Really really bad today we had five consecutive green months that’s hard we haven’t seen that for long long time so if you look at 2023 you know 2023 was a pretty good recovery year in fact we only had three down months and nine green months that’s actually pretty

Amazing most people don’t even remember that but if you look at starting from SE September green October green November green December Green in January we’re barely in the green but we’ll hold on If We Hold on it’s five consecutive months right the last time this happened was back in 2020 again October

November December and then went into January February and March so it’s looking pretty good pretty bullish pretty bullish although in 2020 those monthly jumps were crazy yeah 28% 43% 47% then going to 2021 15% 37% 30% those are crazy jumps right so the ones that we had so far not as crazy but

The reason why 2020 months were so crazy was because it was after a having event the last having event was in was in uh 2020 so that’s what we have to look forward to right in the this year maybe we maybe it doesn’t start right away because the having events in April maybe

We have to wait maybe May June July nothing but August September October November that’s what it starts getting really really hot