A HUGE Bitcoin Turnaround Is Coming!

A HUGE Bitcoin Turnaround Is Coming!

welcome welcome welcome guys
unfortunately we’re starting out the day
a little bit more in the red I mean we
got some scary stuff happening in the US
with the fed and with the president and
with the
SEC got like kind of like a trifecta of
fness right
now um and that’s putting a lot of
downward pressure on bitcoin well I mean
when I say a lot okay and Bitcoin is
still going sideways it’s still above
60,000 but still this is the reason why
we’re kind of hovering around this 637
Mark right now
however what do I always say uh one in
doubt zoom out right that is definitely
the right thing to do because if you
zoom out then you realize well things
aren’t as bad as they seem if this ever
refreshes uh it is frozen
now I don’t know what’s going on with
this uh let’s see okay here we go let’s
try to refresh to the daily chart okay
and then let’s refresh to the weekly
chart so when in doubt zoom out yeah we
came down a little bit but let’s not
forget where we came from and let’s not
forget some of the previous drops that
we had those were major drops those were
major dips major Corrections right now
we’re going through something little
even with all the fud yeah we came down
little but we’re not far off from our
Peak from our all-time high and we just
had a having event and of course when
things are down what are you supposed to
do about it well you’re supposed to buy
the dip right that’s a smart thing to do
and that’s what a lot of people are
doing in fact there’s a massive buy that
may be coming hey
today okay people have noticed $1.3
billion dollar
of usdc being sent to coinbase now you
don’t send Stables to a major exchange
okay um for no reason
so and it’s not like you’re sending $1.3
billion of Bitcoin to coinbase then it’s
probably the opposite they want to sell
but if you’re sending usdc to coinbase
the only reason for that is because you
want to buy right so someone or maybe a
group is looking to buy the dip right
when things are low when crypto on
discount what are you supposed to do
about
it you buy the
dip so that’s that’s probably coming um
you don’t just transfer for fun and just
leave it there right but imagining
imagine if
you imagine if you actually had $1.3
billion usdc in your Ledger or your
trust waller or whatever and you’re
sending that like
how how scary is that to send a billion
dollars of
crypto uh to exchange from your wallet I
mean I I I I don’t know if I could deal
with that that’s just such an enormous
amount you know what in Asia you have
this gaming company called meta Planet
they purchase 1 billion well 1 billion
yen which is 6.2 5 million worth of
bitcoin and that’s approximately 30% of
their market cap okay they said they
were going to pledge into Bitcoin keep
an eye on the treasury kind of like a
like a micro strategy but much smaller
scale but they’re also doing that and
yesterday I just covered some some meat
packing plan or meat producing plant in
the US doing the same thing they’re
going to be purchasing or they’re going
to accept Bitcoin store all of in the
reserves and convert 20% of asset into
Bitcoin so more
more companies are starting to turn to
bitcoin as well because they understand
this is the greatest asset that we have
the hardest asset we have the most
scarce asset that we have why would you
not hold on to it especially now when
things are low that’s why you want to
pounce on it right you want to buy
it and that’s what’s happening right now
I think the reason why we had some
bleeding the last few days was because
of all the fud right last night I had a
brain freeze I didn’t know what the D
stood for in fud I couldn’t think of it
uh fear uncertainty and despair no I’m
just kidding it’s doubt um with all the
fud going on it’s causing a lot of I
believe retail investors selling off
right and that’s the wrong thing to do
so I saw this yesterday we actually had
an outflow of 217 million that’s no good
now grayscale is still leading the way
you know we thought grayscale was done
selling but yesterday they sold 140
million by
themselves right but we also saw a
little bit of selling from Fidelity and
from Ark and from a few others okay but
not Black Rock black rock is refusing to
sell black rock is going to continue on
loading forever but yesterday we had a
pretty good dump because because of all
the fud so we’ll see I I didn’t even
check the US market today let’s take a
look uh today NASDAQ is doing good but
yeah D and S&P uh
okay fat key fat inflation measure Rose
2.8% in March no good yeah you know
yesterday was bad and I don’t know what
to say
about the rest of this year because
Pal’s in a impossible situation like I
said at the beginning one in doubt zoom
out and when you zoom out and you
actually look at the progress that we
had so far just onee returns alone
Bitcoin has netted
126% even with the fall and even this
week when I showed you guys my DCA
portfolio you know even with my DC
portfolio yesterday I mean this week it
was still up like 70% I mean when you’re
DCA you know it’s the right path okay
you don’t really care about the small
volatility the small little dips here if
you’re a Trader and you’re doing
leverage trading yeah maybe you do care
but long term we’re doing just fine
we’re way ahead of where we should be
and we’re just having a little dip
because of the fight so you know you you
hear about gold bug saying oh you know
gold is up so much you know it’s eight
up
18% onee return um that sounds good but
what is 18 % compared to 126% you know
even ethereum is up
68% so it’s like you know what if you’re
panicking zoom out and realize we’re
we’re doing okay we’re not doing that
bad okay we will get through this
Bitcoin always does so the best way to
handle it is to
DCA DCA when you can when things are
still cheap after this after this cycle
it’s going to be hard to DCA the Bitcoin
after it gets above 100,000 I mean it’s
just Out Of Reach for most people most
retail investors it’s just it’s just
impossible to get a whole coin at that
point now from a technical perspective
uh we got a lot of good charts showing
that Bitcoin is about to reverse upwards
here’s one showing the inverse Head and
Shoulders looks pretty accurate and if
so we will be pumping up soon hard
and this also shows the same thing but
on a grander scale again I mean it
doesn’t take a rocket scientist to
figure out after every having event
Bitcoin starts going up even Wall Street
knows this right that’s why ETS were
were created and approved right before
the having event and same thing with
Hong Kong everyone knows this okay
Bitcoin starts skyrocketing after every
single having event it just takes a
little bit of time it takes a little bit
and it comes suddenly you won’t even
know it it just starts and it never
stops

In this video George addresses the reasons why Bitcoin has had such a bloody week and why it won’t stay this way much longer…

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0:00 Market Overview
1:48 USDC Inflow
3:21 Metaplanet
4:24 ETF Outflow
6:02 1Yr Returns
7:40 Bitcoin Charts

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