Bitcoin’s Post Halving Bull Run Is Closer Than You Think… 3 Things To Pay Attention To NOW!

Bitcoin’s Post Halving Bull Run Is Closer Than You Think… 3 Things To Pay Attention To NOW!

hey there everyone it’s Brendan here
from crypto 101 and welcome back to
another cryptocurrency market update and
today we have an absolutely
action-packed episode in store for all
of you and to kick things off we finally
have a debut date for the Hong Kong
Bitcoin and ethereum ETFs so we’re going
to be talking about that in today’s
episode but also we have stripe making
their long awaited return to the crypto
markets after six whole years and to
round things off we have consensus suing
the SEC unlawful seizure of authority if
you’re not familiar with who they are
consensus is a big player in the crypto
markets and they’re behind some key
projects such as metamask which I’m sure
a lot of you who are listening in if you
haven’t used them you’ve at least heard
of them they’re one of the biggest
ethereum wallets out there uh and they
definitely play a big role in the crypto
market so this is quite the wild story
and of course as per usual we’re going
to be looking at the charts as well
Bitcoin has recovered off the lows it’s
seeing some nice upside it’s Ching
around after the having and there’s
certainly a lot to talk about so all
that we ask here is that if you like the
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uh that we have because there’s always
going to be more content available
inside of our communities so when we
kick things off with these Hong Kong
ETFs man this has been stirring up a lot
of news and excitement and I think for
good reason now a couple things that we
want to clarify what is this debut date
because they got approved a couple of
weeks ago and there was the
misconception that they’re going to go
live immediately or maybe they’re going
to go live in a couple months from them
now we didn’t really know up until
literally just a few days ago and so now
we have the official debut date of the
end of April beginning of May and so
what this means is that as early as you
know next week really we are going to
actually have trading live on these Hong
Kong Bitcoin and ethereum ETFs now the
Hong Kong ETFs are a little bit unique
right because we are going to have one
of the first major ethereum ETFs we’ve
seen Bitcoin ETFs circulating around um
in other countries before the US went
ahead and approved them but there’s very
few ethereum ETFs I think Canada has had
one circulating around it hasn’t been
widely successful the Hong Kong one is
scheduled to be bigger than that now how
are these Bitcoin ETFs going to kind of
compared to the traditional us markets
uh and the answer here is they’re likely
going to be a lot smaller and less
impactful and that’s just the truth of
the matter they are a smaller Financial
Market especially when you look at their
ETF uh addressable market and as we kind
of read through this I think that that’s
kind of the big takeaway over here is
that you know is this good news
absolutely because I think what this
shows on a global scale is that people
around the world doesn’t matter if
you’re in the states if you’re in Canada
if you’re in Europe if you’re in you
know in in Asia in South America in
Australia people are interested in
having access to bitcoin whether it is
the traditional sense or through these
ETFs globally and that’s what we’re
starting to see happen here and it goes
beyond Bitcoin with the ethereum ETF
kind of coming out as well so I think
that is the first major point to hit
home is that this is now just fully a
global movement in everyone around the
world wants Bitcoin and ethereum ETF
exposure and so that’s what we’re seeing
from here now is this going to bring us
to 100K probably not on bitcoin you know
again this is going to be a lot smaller
in terms of the um United States Bitcoin
spot ETFs that we’ve seen from Fidelity
and black rock and vanc and a lot of
those other players the Hong Kong market
just is a smaller one but it’s not
insignificant by any means so is it
going to be the Catalyst that brings
Bitcoin to a h 100,000 a million dollars
probably not but it’s still a big net
positive at the end of the day and
especially so when it comes to these
ethereum ETFs because it looks like that
is going to be the new precedent that’s
getting set as we move forward now
what’s happening over here with stripe
well stripe is finally making their
great return to the crypto markets after
a 6year Hiatus so it says stripe is
going to be start taking crypto payments
starting with usdc which is a very
popular stable coin coming from uh the
Circle Group um and so what we’re having
essentially happen over here is and this
is probably puts it the best but you
know this will be the first time that
stripe has taken crypto payments since
2018 when it dropped support for Bitcoin
due to it being so quote unquote
unsustainable um but now it looks like
all of a sudden boom crypto is popular
again and they want to get back into it
and there’s been other businesses that
have that have done this where you know
crypto’s popular they’ll add features it
you know goes into a bare Market they’ll
take it away it comes back to popularity
they’ll add it again it’s no like new
thing for for the crypto markets right I
think the big takeaway here is that you
know the company has processed around a
trillion dollars in transactions last
year alone and it’s still growing you
know the company’s worth around $65
billion on paper this is a fairly
sizable company that if they’re doing a
trillion dollars in transactions they’re
worth $65 billion and guess what they
want to give cryptocurrency exposure and
it goes back to the First theme of what
we were talking about here with saying
hey everyone around the world doesn’t
matter who it is what they do people
want crypto exposure and this is just
another Avenue of that outside
traditional crypto exposure our ETF
exposure now we have people in companies
like stripe payment processors um saying
hey you can actually have crypto
exposure as well so this has been a long
battle and I think there’s going to be
more companies like this one that are
coming in here after maybe sitting on
the sidelines and saying okay it’s
finally time to make our move this is
too big of an addressable Market Market
to not want to tap into it now what
about this consensus news you know
probably the really the only bearish
news that we’re having over here and I
have to say I think this
is it’s so wild and it’s so silly um
that the
SEC would declare this kind of stuff in
the first place so when we’re looking at
consensus and metamask and all this
stuff we have to remember that metamask
is a
decentralized wallet provider right I
mean they don’t have access to the keys
they don’t have access to funds they’re
not Brokers and they say all of this in
some of the statements as we kind of
scroll through this over here but you
know they’re not Brokers like they are
not they’re they’re not the middlen here
that are in the active day process of
managing These funds in the wallets and
giving people crypto it’s like no they
allow people to create their own crypto
wallet have complete control over it so
that they can never be tampered with
they are not sent ized custodians of
these wallets and I think it’s just a
lack of understanding when it comes to
to the and this isn’t again anything
that’s political because it’s not
political at all it doesn’t matter who’s
saying this stuff um but when you’re
looking at anything in the government
trying to make a claim like this it just
shows that again it doesn’t matter what
side of the spectrum it’s on you know
left right up down sideways anything you
know anyone who makes a claim that like
something like this about about met Mas
wallets it just shows that there’s a
disconnect between what their
understanding of crypto and blockchain
technology is and what it actually is in
reality and I think that truly by
educating these individuals and
educating everyone about this stuff it
would create a much more transparent and
clear and easy to regulate environment
that would benefit everybody um but it’s
at moments like this when there’s a
disconnect and you have people people
who don’t fully understand what wallets
are and how blockchain works and other
stuff like this it’s at those moments
where the lack of understanding the lack
of knowledge um creates problems that
should so easily be avoided um and so do
I think anything is going to stick over
here I certainly hope not now I’m not
any kind of Legal Financial person or
anything like that right I’m not a
lawyer so I’m sure that there’s going to
be a lot of legal Jaron that jargon that
goes into this but I just can’t see
world where the SEC is trying to like
Sue consensus and metamask and now
they’re trying to countersue and the
whole thing is wild to me so again I’m
not like deleting my metamask and
getting rid of it or anything like that
um because ultimately I still hold the
keys to that wallet and uh you know that
that’ll never change um so you know is
this something that I’m freaking out
about absolutely not um I think metamask
is going to be fine again I think that
the big issue here is that there’s just
a barrier or rather a lack of
information and a lack of understanding
and I think whenever that gets fixed a
lot of this will get cleared up as well
so that’s probably something that’ll
just have to work out it’s unfortunate
that people are going to have to get
sued over it but um I do think that it
will get resorted at the end of the day
now as we kind of look at the crypto
markets As We are continuing into the
month of May over here pretty soon uh we
see that bitcoin’s recovering really NE
nice and well off the lows of $60,000
and this looks like just one giant bull
flag in my opinion right I mean we have
this move to the upside we have this
falling Channel you know some people
might even call this a bit of a pennant
with the higher lows and lower Highs but
regardless Bitcoin is consolidating
roughly between 60 to 70,000 and it has
been for a long time and as it’s kind of
uh doing this Bitcoin has recovered
really well off of the lows over here
and so we kind of went back up into the
into to the major moving averages like
the 20 like the 50-day moving average
rejected this as a little bit of a
short-term resistance level and the big
areas that I’m looking at is to
accumulate Bitcoin lower with the
overall hope that Bitcoin is eventually
going to retest the highs uh closer to
$70,000 and that’s my overall belief
here is that these dips that we have are
going to be buying opportunities now if
we crack the 60k support over here
that’s going to be a big one where you
know hey if this 60k support cracks I
could easily see Bitcoin falling back
down towards the low 50s maybe High 40s
somewhere a little bit deeper down over
in here now again that’s a little bit of
a far out uh you know bearish scenario
so to say but you know that’s saying if
support breaks which we’re not that
close to really doing over here we’re
kind of right in the middle of the range
so to say and so overall you know I’m
still looking at this market and saying
Hey I want to be buying the dips over
here on bitcoin as it kind of falls back
down um below cuz I still think Bitcoin
has the potential to go higher than it’s
currently priced at $664,000 which means
that anything below that um is a buying
opportunity for me personally because I
think Bitcoin um has some bullish uh
potential to the upside over here and I
think altcoins do as well and so we’re
seeing a little bit of choppy action
over here nothing too crazy again we saw
a really nice recovery of Bitcoin off
the lows of $60,000 and now we’re just
consolidating after a nice move to the
upside so overall I think the crypto
Market’s looking pretty solid over here
um again I’m very still on the side of
of of buying the dips um and bullish on
the middle to long term as well but
that’s going to go ahead and wrap us up
for today’s market update a lot of stuff
happening in the great world of crypto I
hope all of you did enjoy this as per
usual if you like the content that we
make consider hitting that like And
subscribe button leave us a comment you
know check out the podcast and the
crypto 101 Channel as well and we got a
lot of great stuff that is coming your
way so thank you all for watching and
we’ll see all of you in next week’s
video

In today’s market update, we address the current state of the crypto market and walk through the top 3 things to pay attention to. Now that the Bitcoin halving is over the Hong Kong Bitcoin and Ethereum ETFs are starting trading at the end of April, Stripe is entering back into the crypto space, and Consensys is suing the SEC regarding Metamask. If you want to stay tuned on everything that is happening, then check out today’s crypto market update!

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This is not professional advice this is my opinion and take it as that! Do NOT invest without consulting a professional adviser and do not invest on the sole fact that I made a video about something. Everyone should do their own research and invest in what they believe in. This is JUST my opinion and NOT professional advice and am not responsible for any losses or money spent because of an influence this video may have.