Will Bitcoin Hit All Time Highs Before the Halving?

As ETF inflows continue to rise along with Bitcoin’s price, will this be the first cycle where we see new all time highs before the halving? Could this cycle be different? Plus, did Elizabeth Warren bend the knee to Bitcoin?

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As ETF inflows continue to rise along with bitcoin’s price it’s looking more and more likely that we will see an all-time high before the having will this cycle be different than the last Cycles Plus did Elizabeth Warren just bend the knee to Bitcoin in a shocking turn of events bitcoin’s most Ardent

Enemy on Capitol Hill seems to have signed a document praising the work of Satoshi Nakamoto for inviting Bitcoin calling it the world’s first truly inclusive monetary system we’re clearly living in a simulation and we’re going to get to the bottom of it today welcome to the Thursday February 15th

Edition of the Bitcoin Daily Show I’m Dante cook head of swan business here at Swan we’re on a mission to educate the world about Bitcoin so please like this video And subscribe to the channel it will help us to teach more people about Bitcoin here on YouTube and help us

Break through the noise over the last 4 days the new ETFs have taken in over 2 billion in inflows yesterday was another massive day as we saw over $340 million in inflows the price of Bitcoin has never been this close to a previous all-time high in the months leading up

To a having historically new all-time highs happened 6 to 12 months after the having the having has historically been the primary driver of behaviors and incentives in the Bitcoin network but now these new ETFs are providing an unforeseen Catalyst that are changing the behavior and incentive dynamics that we once knew from previous

Bitcoiners are having the time of their lives right now hey the water’s nice you guys should really come out here in another incredible display of mathematics Bitcoin takes a giant leap forward because of innovation in its layer 2 protocol the lightning Network former PayPal and Facebook executive David Marcus through his company Light

Spark says that they’re able to process transactions of over a 100,000 ,000 using the lightning Network it won’t be long before banks will become obsolete because people will now be able to have instant settlement with a bare asset with no middleman involved is Elizabeth Warren waving a Satoshi flag over the

Capital for Bitcoin I have my doubts but kudos to the unpaid intern who risked their unpaid salary and being locked in a bunker for 3 months in order to get this done all of this overnight success that Bitcoin is having is causing some major concern from the US government who

Will be the last to adopt this novel technology how do I know that they’re concerned when you go to file your taxes this year they’re going to ask you for your name your address your social security number your marital status and then if you own crypto that is the fifth

Thing that they ask you on your taxes and another example of government concern government officials are seeking to find Bitcoin mining companies $10,000 a day if they fail to respond to their survey highlighting claims about their excessive use of energy in just 10 days you even have one of the heads of finson

Brian Nelson admitting publicly that the Wall Street Journal hit piece on October 10th claiming that Hamas used crypto in order to finance their terrorist attacks was verifiably false on October 10th 2023 The Wall Street Journal reported that between August 2021 and June 2023 Hamas received 41 million in digital

Assets and the Palestinian Islamic Jihad received 93 million in digital assets under secretary Nelson is this treasury’s assessment too because the world’s leading blockchain analytics firms have called this a misinterpretation of the data and that the amount these uh that any terrorist might have received is significantly

Smaller uh thank you for that question uh congressman and and uh yes I think uh that assessment largely tracks with our own um the the number numbers noted in the Wall Street Journal piece talked about wallets but not necessarily you know sort of disaggregated among the wallets customers it’s assets that

People had in their wallets as opposed to what was specifically going to uh the uh uh Palestinian Islamic J we think is most likely uh and we also assess that terrorists still pref prefer frankly to use traditional products and services but this is something that we are obviously monitoring very closely what’s

Even more troubling is that although the treasury knows that this information was false and that Senators like Senator Warren are using this information to pass crippling bills that might kill and stifle Innovation from Bitcoin and other crypto Assets in the United States that they won’t even go back and redact the

Statement or make it right why wouldn’t they do that and instead we have Senators who are legislating on these false figures and major CEOs using these figures to inform their perspectives on digital assets sure we can go to chain analysis and use their third party reporting but treasury already has the

Data so doesn’t treasury have a responsibility to correct the record here and we’ve put out a number of reports on uh illicit Finance risk in the context of virtual assets and I think we have clearly stated while there is not a a significant uptake that we

Perceive currently that it is an area of opportunity that we know uh terrorist groups could use and we have seen some not Hamas necessarily but other terrorist organizations particularly uh focused on the ability to use Krypto to move their Finance I appreciate I that but I’m talking about the misinformation

That the Wall Street Journal has suggested and that certain senators are doing a a trying to base legislation on that would literally destroy innovation in this country uh and I take it that uh you don’t have a position then as to whether treasury uh has an obligation to

Correct this record with the data that they have I and in my opinion the treasury must do a better job with all the data it has to paint an accurate Narrative of digital assets and not perpetuate a false one and with that Madam chair I yield back officials like Gary gendler and

Secretary treasury Janet Yellen are seeking to steer a public message about anti- Bitcoin and that they have the economy under control prices are under control inflation is under control we have everything under control are you and President Biden happy with where inflation is right now well look we know that Americans are

Experiencing um discomfort because some important prices are um higher than they were pre pandemic but what I think is really important is that wages have gone up along with prices how much of a risk are we facing of inflation making a comeback Americans should feel confident that inflation will come down to levels

That will no longer really be noticeable or worrisome to them they’re clearly trying to seed this messaging ahead of a reelection campaign knowing that runaway inflation and runaway prices are causing distrust and frustration among a major portion of their voting population take a look at this chart the top 1% of

Earners now own more wealth than the entire middle class keeping inflation up car insurance surged 21% over the last year rent has risen 6% and daycare costs are up 5% we met up with three Democrats at Detroit’s Cadillac Square Diner and while economic data points to a healthy

Economy a different story is playing out in their day-to-day lives you have to get creative to supplement because it is not working how do you feel I worry I mean I have two kids who are 19 and 21 what I’m reading and hearing about the job Market I’m scared for them Hussein

Deaja struggles with inflation in his small businesses within my kitchen cabinetry company it’s completely different I mean the price of material continues to climb what does that do to the volume of your business it brings it down they’re all waiting for the FED to cut interest rates later this year I’m

Really looking to be a homeowner and just to look at what you can get right now in the economy and what the interest rates is it’s just it’s not worth it Old Guard politicians coming on mainstream news to tell you that Bitcoin is only for criminal in that they have everything under

Control their addiction to money printing in debt is under control is less believable than this flop from Draymond Green last night special special player you know losing to Miami don’t just listen to their words watch their actions if our elected officials continue signing $95 billion Aid packages while we’re sleeping like they

Did earlier this week and collectively sending over $2.5 trillion dollar to other countries outside of the us over the last 75 years then nothing will change prices will continue to go up inflation will continue to go up and the infrastructure that we need to rebuild our economy and our system will go to

Other places life will continue to become more unaffordable as the money printer goes unchecked just like we’re seeing now in the ETF markets the world is voting with their wallets Bitcoin is making all-time highs and currencies all around the globe and trafi is dumping old tried and true traditional products

For this new Bitcoin phenomenon in these ETFs if you’re a candidate running for office it seems like it would be wise to listen to what the people actually want and we don’t want the old Financial system we need a new one as long as the

Fed’s up America will be fed up and with that we’re signing off today this is Dante cook with sw.com happy stacking yeah