This HUGE Turning Point Is Coming For Bitcoin

This HUGE Turning Point Is Coming For Bitcoin

US market was absolutely brutal today
everything went
down right and that’s
because in the US we got two really bad
numbers and this is going to put fed
share power in an impossible
Situation Number One the growth of the
country
GDP uh came in half half of expectations
so Goldman Sachs and other predicted
that GDP would be growing which means
that the US um economy will be growing
at 3.4% instead it was growing at
1.6% that’s a huge underestimation right
or I should say a huge
overestimation so that shows that as a
country we have slowed down dramatically
way more than people
expected but you know what what makes
this worse is
inflation rose up upwards staggering
amount month-to month it was anticipated
That pce was supposed to be at
2% but instead it went up almost double
to
3.7% that’s a staggering jump okay so
you have basically the worst
combination possible the economy slowing
down and inflation going upwards so what
is p going to do
if he cuts rates to Spur up the economy
guess what that’s going to happen guess
what’s going to happen to inflation it’s
going to go up more right but then if he
raises rates which would be absolutely
disastrous to cut inflation well that
means the economy go slow down more and
GDP will go into the negatives so
basically he’s in impossible situation
right now where he can’t cut rates nor
can he raise
rates so this was something that we
never seen before so what is he going to
do what is he going to say right we
don’t know we don’t know so this is what
really spooked the markets today because
you have two horrific numbers in the US
and there’s no good solution to this
there there really isn’t so I I don’t
know what he can do I really don’t you
know the plan was to cut rates to Spur
up the economy so GDP will go up but if
inflation’s going up that’s going to
make it worse
so you know like really I don’t know
what you’re going to do if you’re Po in
fact there’s a massive buy that may be
coming hey
today okay people have noticed $1.3
billion
doll of usdc being sent to coinbase now
you don’t 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’s 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
truss waller or whatever and you’re
sending that like how
how scary is that to send a billion
dollar 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 Bitcoin is going to go higher
because
ultimately we have more demand than
Supply because Bitcoin is scarce so bit
Bitcoin wallets that have at least
$1,000 worth okay okay 1,000 most retail
investors have at least 1,000 I bet most
of you guys have at least 1,000 worth of
bitcoin um have jumped 20% since the
start of 2024 okay so it means that yes
retail investors even though may not be
leading the market right now they are
still accumulating along with the whales
which I’ve shown many metrics before and
institutions obviously because of the
ETFs right so just take a look at that
number of addresses with over
$11,000 we’re
at all-time high you go all the way back
it’s kind of hard the Orange is the
price the green is tracking the wallets
and you could see Bally the wallets have
gone up and down a little bit but
overall just trending upwards and
upwards and upwards and upwards more and
more people on the planet is loading up
on bitcoin okay that’s not going change
this is part of the growing fundamental
that talk about number of holders the
time the the time uh people hold their
Bitcoin like how long it’s been and
everything else the hash rate and
everything that measures network
activity volume and everything else um
is going upwards all-time high right so
that means a whole
lot so I have this having indicator I
downloaded so I’m gonna zoom out to the
weekly scale right so these are our last
few
right so you do the math from May to
October that’s five freaking
months so I remember after 2020 after
the having event and that was you know
right right around the pandemic and
lockdown and stuff and everyone one
basically said there’s no way that
Bitcoin is going to pump there’s no way
we’re going to have a usual cycle for
Bitcoin and they were kind of because we
had to wait 5 months before we saw
something happen but then guess what
happened we still had that parabolic
rise so just because we had a having
event now and we don’t see the effect
does not mean we’re not going to see it
two months three months maybe even five
months out that’s what happened last
time and if you keep on going and you go
to the
previous having event it’s the same kind
of
thing the second having event happened
July 9th right right and then it’s kind
of hard to see but we did start moving
around here which was already in July or
January of next year and then Bitcoin
started going so you can make an
argument that the cycle
before you had to wait six freaking
months
before Bitcoin went up right maybe even
more if you if you look at it from here
that’s April you’re talking about like
eight months 10 months right so just to
put things in perspective Bitcoin does
not move immediately after a having
event it it actually it takes some time
it takes months before it does right so
just to let you guys know but you know
when in doubt zoom out and then you
realize that hey we had some horrific
drops before and what we’re going
through right now is not one of those
okay it’s we had it little dip yes but
it’s nowhere near the peric drops we
have seen in the past
so just to let you guys know just put
things in perspective so is the cycle
over are we going to go to 150,000 are
we going to go beyond yes I don’t think
anything have changed other than the
short-term fud that we’re facing right
now

In this weekly recap I talk about what has been impacting bitcoins price and what is coming.

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0:00 GDP & Inflation
2:42 USDC Inflow
4:15 Bitcoin Wallets
5:54 Halving Chart