#Bitcoin #Ethereum #ECB #CryptoTaxes #MSTR #CryptoJacking #WomenInCrypto
FRIDAY FLASH: In today’s video we talk about the 10 year treasury, European stimulus, the crash last year, some Ethereum news and options expiration, what bitcoin will do during the spring. The PUELL chart, MicroStrategy, women in crypto, law of large numbers, crypto-jacking and so much more
The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
0:00 Introduction
0:40 10 Year Treas rattling markets Going to 2% Causing move to larger cap names
2:00 ECB Stimulus Will not be outspent EUR1.85T (USD 2.2T) 1.9T The ECB estimates an inflation rate of 1.5% in 2021 and of 1.2% in 2022.
3:00 Crash 1 Yr Ago Bitcoin Up 1,370% after dip to $3775 Ethereum – 1,740% after dip to $100 Takes courage to buy the crash But well worth it
4:000 ETH News March 26 Options expiry holds over 96,000 ($172 million) call option contracts open interest between $2,240 and $3,520. Someone is going to lose. 25% gain in 2 weeks or overly optimistic? $1741now Strikes $2240 – $3520 96.000 Contracts
5:00 Goldman Sachs More digital More demand Goldman want in Restart crypto trading desk
6:00 Miners’ seven-day outflows lowest level in 5 years F2Pool Stopped Miners waiting for higher prices Borrowing so they can HODL $50K Support Miners HODLing
7:00 Spring + BTC Demand rising Supply tightening Spring is in the air
8:00 Puell Omen Historically tells Miners when to sell But miners are HODLing Demand for BTC outstrips daily supply
9:00 MicroStrategy Forget buying the dip, MSTR buys $15M of Bitcoin as It nears ATH He does not stop By my calculation MSTR now has 0.6% of all BTC
11:00 Women In Crypto Inv apps are 76% male 3 fiths of all women have never invested in stocks, options, bonds or crypto Female crypto traders up 7x in a year
13:00 Law of Large Numbers As Bitcoin’s market cap increases, the law of large numbers dictates that it will be increasingly difficult to move the price Also reduces the potential for price manipulation
14:00 Cryptojacking Cryptojacking kits are available on the dark web for as little as $30
Install an ad-blocking or anti-crypto mining extension on web browsers
15:00 Tax Season Hang for LT CG’s Eg bought BTC at $9K in Sep, sell now for $59K – 50K gain tax man can take up to 47% Wait 12 months LT CG rates are 0%, 15%, and 20% depending on income
16:00 Conclusion Spring will be interesting Treasuries are still hell-bent on BTC Money printing is global Don’t trust the CPI Numbers March options expiration will be interesting Plan for taxes Institutions are still ramping up The ladies are coming!
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