Bitcoin FAILED To Reach This Critical Milestone In Time!

In this video George talks about Bitcoin and Bitcoin related news.
 
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0:00 European Central Bank Declaration
7:24 Bull Flag

🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

Welcome welcome welcome guys let’s just jump right into the major topic of today and that is the ECB the European Central Bank led by Christine lardi not sure why maybe maybe the ECB feels a little bit I don’t know discouraged about all their efforts trying to you know trying to to

Basically kill Bitcoin has not worked so now they have to be on offensive again to quote them Bitcoin has failed to become a global decentralized digital currency instead falling victim to fraud and manipulation how could they declare that already failed to become a global decentralized digital currency was there

Like a time frame did Bitcoin or Shi said you know by 2024 Bitcoin will be the most most dominant decentralized digital currency that will replace all fiat currency I mean was there a declaration from Bitcoin or Shoshi or was there a timeline or time frame that I didn’t

Know about so I don’t know how they could just declare that already uh victim to fraud and manipulation H gold is not a victim to fraud and manipulation what about silver uh what about what about stocks what about Fiat um so it’s kind of weird the recent

Approval of an ETF does doesn’t change the fact that Bitcoin is costly slow and inconvenient again the second part of this doesn’t even make sense Bitcoin can be costly slow and inconvenient but that doesn’t mean that it has failed to become a global decentralized digital currency see the

Two doesn’t even relate relate to each other right that’s like saying your ex was uh you know it didn’t work out with your ex because your ex didn’t do this and this and this and then you throw in well she’s also a horrible cook you know it’s like you’re just throwing

Shade now at this point right it doesn’t make a lot of sense and then you know if you read through it it gets worse this is the conclusion bitcoin’s price level is not an indicator of his sustainability there are no economic fundamental data really there’s no data

After 12 years of or no more than that 14 years of data showing that nothing no asset class on the planet has outperformed it I I think there’s there’s some data and the metrics that show the network getting stronger the addresses getting higher I mean those are those are data

Okay we have it there’s no fair value from which serious forecast can be derived who says who says what about Black Rock does Black Rock think there’s no fair value and there’s no economic fundamental data or sustainability you’re talking about the largest as asset manager on the planet

And then you have Fidelity which is another largest ass manager on the planet and so many others that all disagree with this conclusion uh there is no proof of price and speculative bubble okay again we’re talking about we’re talking about a bubble here we’re not even at Peak and

We’re talking about bubbles already instead uh reflation of speculative bubbl shows the effectiveness of the Bitcoin Lobby the market capitalization quantifies the overall social damage that will occur when the House of Cards collapse social damage where did that come from we’re talking about maybe economic damage where’s this social

Damage coming from they’re just going they’re attacking from all over all over the place uh it is important for authorities to be villag vill VI Vigilant and protect Society from money laundering cyber and other crimes Financial losses for financially less educated and extensive environmental damage this job has not been done yet I

Think I think maybe this is the last the right there extensive environmental damage I think this is what’s what’s what’s uh what’s causing this maybe the EC you know the ESG movement or whoever’s behind it right I don’t know they’re causing Christine to write this or ECB to get behind it because they

Want to make some deal or something like that you know money laundering man Fiat Fiat has way more money laundering I mean Banks get slapped on the wrist all the time for money laundering so what are you talking about there’s been a lot more money laundering through traditional Banks

Than there has ever been with Bitcoin it’s not even close cyber crimes Financial losses there’s been more of those with traditional Fiat than Bitcoin too so none of this makes any sense whatsoever this this is a blatant you know if Bitcoin can sue for defamation um this would be it Shoshi

Should come out of wherever he’s hiding and Sue the ECB because none of these things are proven and they’re just opinions okay and again when you have some of the largest companies on the planet that dis agrees with this and is investing billions into this asset class you know that tells you something

Right and some of the wealthiest billionaires on the planet are also telling you to go buy Bitcoin so yeah again I I don’t know where this came from I I don’t know where this came from maybe the USG movement maybe because UCB is feeling the pressure you

Know they did nothing about inflation in fact um they’re like two steps behind pal so I don’t know if that’s what prompted this but you know you guys know my stand Bitcoin is the way okay it gives power and economic freedom back to the people that’s what Bitcoin does that’s

Why it was created because you can’t trust these Banks you can’t trust the ECB if you think the ECB is looking out for you where the FED is looking out for you as an individual right you are sorely mistaken they are not looking out for you they are looking out for

Banks okay that’s why they were created to make the banks stronger and the banks are not to be trusted if you trust your bank well then you’re really naive or you haven’t been on this planet for very long last thing about Bitcoin is this there’s a flag

Forming and this could be tremendous you know I’ve been talking about we’ve been consolidating right we’ve been consolidating here for about a month now right around the 523 Mark and it’s it’s a really important resistance to break and I’ve said how important it is many

Many many many times and if we do break it going up will be really fast really fast it happened in 2021 it’s going to happen soon and according to tit crypto the next Target will be about 61,000 I do think we will hit 60,000 in no time

Things move very fast in crypto all of a sudden you just notice it right and you don’t even have time to prepare so while we are still stagnant while we’re still consolidating this is the time to be loading up before we hit that next leg up