Why Bitcoin Remains INCREDIBLY Bullish

Why Bitcoin Remains INCREDIBLY Bullish

welcome back to crypto Z us I’m George we’re all George so tonight Bitcoin is still looking good looking strong a little bit lower than this morning but overall we’re still looking absolutely fantastic and tonight I’m going to talk about why Bitcoin remains incredibly bullish or at least I am but no it’s not just me I know everyone is still incredibly bullish on bitcoin and I’m going to tell you guys why because there are so many good reasons to be bullish it’s really that simple all right let’s do it welcome welcome welcome guys like I said we’re down a little bit from this morning but overall Bitcoin is still in a very good spot 30 I was going to say 35 um no 654 so this morning we were about 66 so we’re just down a little bit 700 points but overall we had a really good recovery from this weekend and and from earlier this week I guess and now it looks like we’re getting ready right we’re consolidating a little bit maybe at around this point and we’re getting ready for the next leg up possibly we’ll see we’ll see or maybe we Trend back down to like the 637 Mark which is a really important resistance right around there overall we will see but one thing is for certain I am incredibly bullish and so many others are because why would you not be bearish about why would you not be bullish about Bitcoin I mean let’s start out with some kind of macro stuff some shenanigan stuff uh we have one fed uh K kashari says rates will hold for a while okay he’s always hawkish he’s always saying stuff like that uh Jamie Diamond also says that yeah inflationary forces may keep rates higher uh but you know Jerome Powell the one that’s really in charge he’s like you know what let’s wait and see okay wait and see he’s not bearish he’s not hawkish he’s staying with his original message all right three rate Cuts this year but you got a lot of other people that are disagreeing I don’t know why they’re even commenting Pal’s the only one that really matters he’s the one in charge of rates right so anyways inflationary forces or inflation I’ve been mentioning this a lot is no good no one likes inflation unless you hold assets like Bitcoin then you love inflation all bitcoiners should love inflation okay because inflation drives things higher like Bitcoin and like services and like food and housing right but if you only have Fiat then it sucks because it costs more and more and more to just live but if you have a whole bunch of assets like Bitcoin and you can argue real estate or gold or whatever bonds and stocks then you love inflation because it’s going to help drive your assets higher right so inflation is definitely a friend at this point it’s driving people to bitcoin because they want to opt out of the shenanigans and it’s helping bitcoiners make more money and helping the price go upwards all right so that’s what’s happening on a ma macro scale uh here’s something else too Bitcoin ETF volume exploded today we haven’t seen this kind of level since March okay uh so obviously we got a lot of a lot of Institutions that are foming in regardless of the price they don’t really look at it we know so many have come in within the last few months even gbdc today even grayscale had a massive inflow today look at it three consecutive days inflow inflow inflow so tomorrow we’ll see but today is looking pretty good at least for some of these that have reported like grayscale right so ETFs are looking absolutely fantastic and even bitwise says yeah ETFs are huge Ely successful and he is incredibly bullish because of the 13f filings which is I looked it up it’s a it’s a required filing mandated by the SEC from it from asset managers that hold at least aund Million worth of assets so the biggest players basically on earth right or at least in Wall Street in this case and we know so many of them have reported because you need to do this every quarter right and we have now 937 firms that have disclose they bought Bitcoin ETF versus this is just the first quarter okay versus only 95 bought gold ETF see this is this is the thing you know the old narrative was yeah you go buy gold as a HED against inflation you buy gold maybe for some appreciation okay but that’s no longer the case people want better and that’s Bitcoin okay not only does it appreciate the most it’s the best Hedges against inflation and it’s also a store out you know it’s also a medium exchange and now also it’s a layer for programmable daps too so it it’s just so much better than gold in every single way and you know out of the 935 no not 937 firms that disclose you know some of these are banks okay like this morning Morgan Stanley said they have $270 million in Bitcoin ETFs you have like hedge funds like Millennium uh Millennium management that has $2 billion in Bitcoin ETS and and so many others okay this is why I remain incredibly bullish but you know it shows it’s beyond me Wall Street is incredibly bullish on bitcoin You could argue this is the most successful launch I guess a a launch of a uh of a ETF or a category of ETF I should say the most successful launch of a category in history in history look at look look at this look at this look at all the new ETFs that have come out or someone the more popular ones in 2024 and look at the number of holders in them versus the number of holders in the newly created bitcoin ETFs big big difference with black rock Fidelity bitwise Arc leaning away and then you got some others that no one knows right Wall Street loves Bitcoin and so do I and it’s not just Wall Street too actually we’re we may get some very favorable laws implemented so the house passed and now the Senate passed and they’re trying to overthrow this rule from the SEC which dictates that major regulatory Financial firms can’t be Bitcoin custodians which really makes no sense so obviously both sides have agreed that they should outlaw this okay which means a lot of banks and big financial institutions can now become custodians but we got one guy that says that he’s going to veto this I have no idea why everyone wants this right uh but the rumors are Biden’s are go Biden is going to threaten to veto this if it hits his desk I have no idea why but again this kind of shows you that there are people at least in our Congress that that kind of get it that kind of get it okay and kind of get that custody is important Bitcoin is to stay and we already have all these firms that are very very regulated with so many restrictions and security protocols and oversight and everything else why can’t they hold Bitcoin right why should we limit it just to a few companies let’s open it up we’ll see but this if it again it takes away from the SEC which is good let’s just get Gary out of here okay no one wants Gary there no one wants Gary there um all right what what else is bullish uh Bitcoin balance on exchanges uh keeps dropping I’ve talked about this morning with just coinbase but here’s on every exchange and you could see uh since 2020 which was our Peak uh we have been dropping and dropping and dropping dropped over a million Bitcoin a million not not a million dollars a million Bitcoin have disappeared off the exchanges and it’s still going down it’s not like it’s leveling out it’s going down at a rapid rate and one day it’s going to get to a number where it’s just going to be so rare bitcoin’s going to be worth a lot of money that you don’t want to wait until that happens you don’t want to wait until that happens that’s going to be too late but it’s happening right in of our eyes it’s part of growing fundamentals I talk about a lot okay when the supply goes down and demand goes up of course that’s a really good combination that’s why Bitcoin goes upwards and it’s happening right in front of our eyes right and then other things like this long-term holder nle um basically if you just look at this is measuring tops okay this measures tops pretty well doesn’t measure the ultimate top but uh it does measure when Bitcoin you know may be coming down right and it’s the light blue that you see the circle light blue but you look at where we are now in the cycle uh we don’t see any blue there’s no blue in fact so that means we’re nowhere near top right and we know that we know that there’s a lot more room to to grow we’re nowhere close to top so so this is why it’s good to remain incredibly bullish on bitcoin because we know that there are so much coming so much being built first of all so much more fomo that’ll be hitting with institutions and Retail and Wales right so good to be in Bitcoin now outside of Bitcoin we also do have rwa rwa is a big narrative for this cycle in fact in q1 outside of memes which is the biggest gainer um the second is rwa and one of the projects that lead rwa is chain link okay and chain link actually had a pretty good day they complete their pilot that includes JP Morgan Franklin Templeton B bny melon and basically they’re trying to test out chain link whether or not it’s a good chain for tokenization and their answer is yes right so this is pretty good tokenization of yields bonds Fiat basic banking stuff is Big Business and that we have a few projects like that already but to utilize chain link in a big way for that purpose is absolutely huge for chain link so pretty good pretty good for them what else happened Jupiter Jupiter trading goes live on coinbase I’m surprised I didn’t actually pump more because of this but we know coinbase loves salana and salana based projects so that’s pretty good uh what else is there uh unfortunately pump. fun the D that’s also on salana meant to help people create their own meme uh was hacked well actually it was Insider job one of the one of the co-founders kind of went nutty and stole $2 million and then started airdropping it to many many people and then he started going on a rant on X saying that he doesn’t care if he goes to jail and this and that and I don’t know what the deal is but he just went a little crazy anyways pump that fun did close down but now they’re back up they locked the guy out and uh they’re go to do some other stuff to try to remedy this situation right but unfortunately we do see this all the time all the the time when when very little people hold I guess the keys to the kingdom sometimes they do bad things so I don’t know what happened to that guy but anyways they are back and pump. fun I know that they were generating an enormous amount of Revenue and volume for themselves and for salana uh and then also ton ton coin still doing well teamed up with tether so now you have usdt is supported but not only that but you could also buy usdt soon using uh using mobile app and then also they also have this this not coin trading volume toss one billion it’s the biggest gaming token drop I don’t even know what game this is but it’s called not coin and somehow it’s one of the biggest games on Earth yeah so so that’s ton for you all right let’s do Q&A oh I’m feeling a little little tired today all right scrolling up I did see Richard apbt gifted five memberships uh thank you for that Jos says I’m against partying even though you are a party animal um Frank says I never read his messages even though I’m reading it now uh let’s see Walker says hi Kevin Mendoza says I love inflation because you’re a bitcoiner uh I’m serious about the partnership what what are you talking about Tavo uh chain laning fetch AI partnership did not hear about that did you know EV charging stations are made of copper uh I did not know that okay thanks for sharing um if you can’t lick it you don’t own it what kind of what kind of motto is that uh creepy sheepy George you pull me through last two cycles one was panicking you kept me grounded awesome love hearing that uh DL says uh is it time to sell eth and move to faster project I don’t know you have to decide I like salana a lot more than eth at this point so that’s me some people may like BMB better may like xrp better may like cardano better but I say you bet on the fastest horse in the race especially in the bull market and that’s going to be salana Nate says great news for link today yep uh House of Adora if you had to name your cat Donald cat or Beverly cat what would you choose um it depends on if it’s a boy or girl if it’s a boy I would say Donald cat if it’s a girl I would say Beverly cat uh will cardano flip ton coin will cardano you mean Tong coin flip cardano or cardano flip Tong coin at this rate no cardano is not flipping anything djc says stop cocking around and penetrate the Cyber truck you know what there was a cybertruck demo in some parking lot and then I quickly drove there to to look at it and then it was gone it wasn’t there so I didn’t actually see it I mean I’ve seen a cyber truck before so I I don’t think I’m going to get it it’s just too many problems I hear non-stop problems it comes up on my feed every single day about a new problem I just can’t can’t get it beam X fedrico ask just beam basically I haven’t heard a lot about beam recently but they’re one of the bigger gaming chains I think they could do very well but gaming narrative have really slowed down that’s the thing gaming narrative really slowed down so that’s why I think beam has slowed down but it it’ll pick up again Carl says used to hate a cyber truck but now I love it what what made you change your mind um MJ Matrix where do you see near and sui in 2025 I think near probably will do better because it’s an AI space sui can still do well but they have an incredibly large amount of to being unlocked that may hold them back a little bit uh I can see you rolling in a red RX7 no no you know what’s disappointing like I uh I took the ride in that that Mustang I’m reviewing right took my oldest son in it and uh he hates the loud exhaust and he was like like so against it I’m like man are you my son like how how do you not love that V8 throatiness um and I was quite disappointed by that fact like the Young Generation you know they just they they just don’t appreciate don’t appreciate like a a good car a good sounding V8 appreciate a six-speed manual ual like they just don’t but he’s not old enough he’s not even a teenager yet so maybe that’s why hopefully that changes because it would be incredibly sad if he grows up to be a non-car guy losing interest in G wagon no I I still love my G wagon but you know the car the Mustang is a tester car so I’m driving it as much as I can um and I I do love it can I fit three kids in an M2 it’s not meant for it the back seats are just for two you only have like kind of like two seats and then a middle one I don’t think you could fit three in there uh am I missing why madic is lagging yeah there’s a lot of problems with madic the more I talk to D the more I’m a little concerned about madic about how they can’t scale and they have problems with games that’s why they’re pushing games away um I’m hearing a lot from more than one D maker so that may be holding him back because he’s trying to they’re trying to figure it out let’s see the cars you brag about I don’t I don’t really brag about any car besides my G wagon which I really love um and I have not been driving my Ferrari a lot it’s just sitting collecting dust in my garage roaring kidding pumping fee Fifi stock is 94% shorts what he needs to do is pump gme again because gme is really struggling they went down they lost all their gains Vance is asking about a crypto debit card I I would never use it because I don’t want to use my crypto to pay for [Music] things you should stream for from your garage with the cars in the background you know I actually have a setup for that you know I I planned on doing that but I’ve just never got around to it um I don’t I don’t have a lot of cards I only have three and my wife has one so we have four um but I was planning on getting a car lift so I could get stuff more cars in my garage but um I could do that one of these days just for fun maybe on a Saturday or something but it’s kind of dirty right now and I want to do more in my b Court too like trying to mix it up but it’s hard to do because my setup in my room here is perfect anywhere else is uh kind of difficult Carlos says is it true when you hit 1 million Subs you go adopt a subscriber no uh no Jonathan asks a really deep question are you concerned about the Earth’s magnetic poles flipping can’t say that makes me stay up at night no I’ve never ever once thought about that or had a concern about that um you should play some ball it’s been a while I was actually shooting around today you know when I’m when I’m in a rhythm I can hit a lot of Threes but when I’m just cold can’t hit anything uh how do you transport all your Legos during the move I just did a one I got boxes a lot of boxes just move four sets six sets you know at a time and just did it slowly slowly slowly do you think I ever quit YouTube yeah um would you ever being consider would you ever consider being sponsored by Blue sure if they pay me enough sure I know you know when you’re above 40 right nothing wrong with the a blue chew once in a while sure I’ll be sponsored by them uh as for quitting YouTube um yeah hopefully after 2025 uh I could just quit everything retire for good and maybe I’ll just put out a video here or there and uh you guys will have to rely on someone else to carry you through crypto winter because because I’ll be sailing My Yacht around the world I pop four a day for the heck of it I I don’t know if that’s what it’s made for when I sell cryptos are R were let it die I don’t know I may let the guys run it may sell it but there’s no point of selling it no one’s going to buy it if I’m not around it’s like I’m leading this this this brand right uh it’s like buying Mr Beast Channel without Mr Beast it’s like what’s the point ever consider to STM comedy no I’m not quick enough I can’t just answer on the fly like I’m not witty enough there are certain people that I can do that I I’m not one of them I really want to I’m going to think hard my next expansion so obviously the IFC is a big part there’s a lot more IFC stuff coming out um the next Evolution or the big add-on for Cru is uh challenges I still want to do that just haven’t had time to really sit down and plan it out but as I’m traveling I want to do challenges and make videos based on those challenges I think they could do very very well no one else is doing it I think I can blow up crypto with those kind of shows so I’m going to try this year later this year next year to to do more shows around that very entertaining very challenging very rewarding for the participants um and it’ll be totally different than any anything that anyone else is doing in the crypto space you should create a Chevy Cavalier racing what are you talking what are you talking about example of a challenge uh like a trading challenge like having two people locked in a room for 30 days and the winner the winner um the person that makes the most gains in 30 days wins $110,000 you know something like that but the challenge is you can’t leave the house for 30 days and the only thing the only form of entertainment in the house is the two Traders and trading that’s it no TV no phones no no nothing else and it’s being recorded 24/7 you know something like that um I think something like that could do really well and other things that relate to crypto maybe you don’t have to relate it 100% to crypto but you you can interject crypto into it if they both get liquidated in the first day and they don’t make anything 30 days is too long okay maybe uh maybe two weeks then how about that or 30 days and win $30,000 I yeah I think that’s pretty good I can’t afford more than that that that’s already a crazy amount uh I have to get some sponsors or something like that uh I got an idea for a challenge let one of your sub guest host Cru every week that’ll be interesting that that would be absolute disaster no no screw that 30 locked no negotiation I don’t know what that means uh will be paying for mental health support afterward for they better we go sign some contracts no that’s part of a challenge you know to stay in the house for 30 days and not leave I think that’s tough I mean I’m sure some people are used to it they basically never go outside but for normal outgoing people or people with families like being trapped in a house for 30 days is tough really really tough um so that alone is a big challenge fad said I would do it for 60 days yeah you know that that’s the thing you know but this is this is what I want right you you guys have no idea how incredibly hard it is to come come up with good ideas that could be done like quite honestly me and my team we’ve been talking about this for so long and we haven’t gotten anywhere right I really need actually someone that’s really good at coming up with these kind of ideas and helping me produce them like uh I think we could film just fine but to come up with ideas and to to get things ready and so forth I think these kind of videos will absolutely blow up even non- crypto people will enjoy it and I know other people outside crypto are already doing stuff like this but we could have a crypto twist and make it into like a crypto um theme and I think it will be absolutely fantastic and I love to have more time to do that I mean I’ve had people try to send me ideas jqu quest uh they’ll send me ideas and they think it’s fantastic but you know they’re just not it’s really hard I never really hear idea that I really like um I don’t know how Mr Beast does it I don’t know how he comes up with all his ideas he must have like a a team of of a 100 people just trying to come up with ideas for him to do because sometimes they’re so wild and so out there I don’t know how he does it um but yeah like a Free Throw Contest low Ben says no no offense but like that’s not entertaining to me there are people that could hit free throws for like days on straight without missing uh Min is asking when George with hat nft drop does anyone even care about nfts anymore yeah I don’t know is YouTube enough to fund your lifestyle and family or do you have another job no I don’t have another job this is more than enough but I want more what’s one time one is that true question tone one what what is uh what is the right answer there uh game show where different sponsors put up 5,000 a week that’s the thing you know just again I like I refer to Mr Beast a lot because he’s obviously the biggest and he has done this most successfully but every single challenge you know the prize money could go bigger and bigger as long as there are sponsors that’s putting up money right that way people can win a a ton of crypto for doing these challenges and participating right whatever it may be big brother Survivor Naked and Afraid you know those are like too time consuming like I can’t I don’t have the the Manpower budget for those kind of shows it has to be shorter shows that can still be done relatively easy with just a few people The Leverage games exciting part of crypto I like that name Earl I might steal that the leverage games that’s actually good that’s actually a good name how about a challenge where people stay in a room have to stay away for as long as possible away from who their families you know I also thought of idea for memes right have two people compete two random people create two random memes starting from scratch and see by the end of the week which one has the higher market cap something like that um you know that could be quite exciting and then it’s up to them to build up their social profile and to get a audience and and build momentum you know something like that could be done too I just told my YouTuber my financial friend uh Sam not to drop a video on YouTube while I’m on not a good look it’s fine most Mo most of you guys don’t watch others anyway so even when the others do stream or drop a video It Doesn’t really affect my views but I know Sam we talked a bit uh create the show M MTV Crips the problem is there’s too many jealous people and people bash all the successful crypto people you know because they call them scammers or whatever pumping dumpers so it’s not going to work there’s too many jealous people uh so that would not work in crypto I like to Leverage games I think that’s a good one I think the key is to leverage people to trade and see who comes out on top it’s like a one-on-one thing I think that could be good even even I my other idea originally was just to have one person um and I was going to do it in Houston basically you don’t need two people with the same concept you have so one that is locked in a room for 30 days and they could win up to $30,000 $1,000 per day as long as they can make 5% a day if they can make 5% gains on a day the second day they get another $1,000 and then if they make 5% again then get another $1,000 if they don’t make 5% then they just don’t get another $1,000 but they can make up to $30,000 plus whatever gains that they’ve made but the stipulation is they have to stay in that house or that room and can’t leave uh food will be you know delivered but that’s it they cannot leave and there’s no other forms of entertainment that I think could also work too uh Max is actually asking a a crypto question do you think Stacks could be another repeat of ADA or xrp and dropped under 50 cents wondering if now under Max here’s the thing about Stacks it keeps following Bitcoin if Bitcoin keeps going up Stacks will too because Stacks is basically the only only Layer Two for smart contracts basically for Bitcoin um so I think it will continue to follow Bitcoin crypto Gladiator versus Ninja Warrior yeah that’s that’s tough that’s tough and you got to set up like a like a whole thing like I can’t do that I think there should be jousting involed uh Diana says I have some crazy idea I think that could be a good one we could make it only fans version of Leverage games we could good all right well it’s been fun chatting but if you guys have any ideas good ones then just email me but I need good ideas not bad ones um that’s pretty much it all right guys continue to be bullish on bitcoin I am and so are all these Financial firms and we’ll see tomorrow happy Friday we’ll see how bullish people are on bitcoin all right smash it a like subscribe to the channel I’ll see you guys tomorrow 8:30 a.m. Central Standard Time all right take care

Today, let’s talk about Bitcoin and why its so bullish.

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0:00 Intro
0:35 Market Overview
1:45 Fed Rate
4:30 BTC ETF’s
7:35 Overturn Bitcoin Custody Bill
9:10 Balance On Exchanges
10:15 NUPL
11:23 RWA’s
12:30 Jupiter
12:45 Pumpfun
14:00 TON
14:40 Q&A

🔴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.