think about this for a second the ipo of amazon may 15 1997 a 10 000 investment is now worth 21
million dollars 21 million 140 000 however you would have had to subject yourself to
eight periods of time where it dropped at least 50 percent one period of time where it went down 85
and the barons newspaper had a front page article amazon.bomb the age of this internet retailer is
over but the cat that made amazon jeff bezos he shot himself into space in his own rocket okay so
what do you guys want to do do you want to be patient and look at something like bitcoin and
see the exponential growth of wallets and the scale and understand the value of the network
effect of those properties associated there with and stay patient and watch bitcoin eclipse gold in
terms of its market capitalization or do you want to trade it and get juked out of it at the wrong
moment and do what non-psychologically minded investors do is they sell lows and they buy highs
and so to me i got to get in the face i gotta get in i have to grab the face mask of my clients
and pull them close to me like a good coach and say stop it get your emotions out of this thing
this is a revolutionary asset this is digital waterfront property this is digital energy
that is going to transform the world and over the blockchain we are going to de-layer
our society we're going to take third-party intermediaries out of the society there'll be a
cost savings it'll be ecologically friendly there'll be quantum benefits associated with this
and you can own a piece of this property today at a very attractive price this is you and me going
to miami beach in 1921 and buying oceanfront property welcome back everybody to altcoin
daily hit the thumbs up button if you appreciate what anthony scaramucci just shared on anthony
pompliano's best business show do you agree with this yes bitcoin and cryptocurrency is
volatile obviously just like some of the biggest blue chips of the past like amazon so don't let
this volatility scare you away don't miss the forest for the trees understand where the world is
trending do you think the world is trending more digital do you think there's a need for an asset
with a hard monetary policy i mean particularly we need bitcoin and crypto with the macro backdrop
we have today when the strongest fiat currency its monetary policy is changed on the regular
at their whim seemingly sometimes not even truly fixing the problem fed raises interest rates by
75 basis points the fed is committed to fighting inflation even at the risk of tipping the economy
into a recession what you need to know is this the fed raised rates by 75 basis points today
the biggest hike since 1994 the decision comes as the inflation in the united states officially hits
a 40-year high the market reacted negatively to the announcement with bitcoin and ethereum
losing 8 and 13 of their value on the daily bitcoin was made for instances like this so why
is it still hovering just above twenty thousand dollars perhaps it's because bitcoin's price
has completely detached from the underlying value and adoption of the network as there is
fear in the market because think about it long-term investors obsess over value and
durability so is bitcoin valuable is it durable well bitcoin's hash rate is at an all-time high
lightning network capacity is at an all-time high bitcoin addresses with point zero one bitcoin
point one bitcoin and one bitcoin are all at all time highs yet sentiment in the market is creating
fear uncertainty and doubt but people need to realize there's only one monetary policy globally
that has not changed over the last two years only one monetary policy is actually independent and
predictable so short-term spectators focus on price yes but long-term capital worries
about durability and if you're worried about durability i think after the fear in the market
after the shakeout after you know bitcoin starts to consolidate a little bit i think people are
going to realize that bitcoin is still here and like scaramucci himself said this is you and me
going to miami beach in 1921 and buying oceanfront property at the very least an intense relief rally
is coming bitcoin monthly rsi is at its lowest levels it's ever been altcoins are at its lowest
weekly rsi levels ever even lower than the 2018 bear market they have now entered the oversold
area so a relief rally is coming does that mean that bitcoin's bear market is soon to be over
perhaps the bottom is soon to be in this month next month pretty soon but probably this whole
year let's be realistic we'll just be in chop solidation below all-time highs but understand
this bitcoin is now sitting at the 200-week moving average for the first time since march 2020
bitcoin's been going down a lot historically this is much closer to the bottom if not the bottom
than it is closer to the top and buying when it's at this line or particularly below this line even
if it's just below this line for a week or two historically has been a really smart move and
understand the unique set of circumstances that have marked bitcoin's crash and bottom over the
last few weeks to a month right it started with terra luna adding a sense of fear and uncertainty
in the market not to mention an intense cell pressure for bitcoin and crypto combine that with
what we're seeing with celsius having to cover their margin call adding intense cell pressure
not to mention one of the most respected and well-known hedge funds in the cryptocurrency space
three arrow capital same thing imploded facing possible insolvency after unforeseen liquidations
what we've been seeing over the past couple weeks is extremely special and understand this is what's
putting massive cell pressure on the market celsius and three era capital were massive
bitcoin whales do kwan was a massive bitcoin holder and tara depleting the luna foundation's
bitcoin reserves took bitcoin price down celsius plus three aero capital liquidations in the same
night by tether and ftx was like two teralunas in the same night massive pressure on bitcoin as we
held 20k ethereum it's becoming increasingly clear that one the ethereum move from 1800 to 1000 was
the result of a large forced seller and two the majority of forced selling is behind us cautiously
optimistic we found a local bottom not to mention if you take a look at ethereum and you exclude
the price ethereum has strong fundamentals as well ethereum number of addresses holding 10 plus each
has just hit a new all-time high scaling layer 2 eth deposits onto arbitrom are at all-time highs
arbitrarum and optimism are now 24 of ethereum transactions with share increasing
safe bet that will be over 50 on layer 2 ethereum by end of the year if really
successful at zk sync in stark net easily imagine quickly becoming l2 eth transactions taking up
90 percent ethereum is scaling and understand that this is only counting roll-up blocks which hold
even more transactions so ethereum is scaling so it makes sense to me why fidelity ceo says they're
doubling down on cryptocurrency right now well everybody else is bearish smart woman right there
if you believe that the fundamentals of a long-term case are really strong when everybody
else is dipping that's the time to to double down and just dive extra hard into it and that's
usually the right move so so i'm so i'm excited about what's going i mean i feel awful about
you know the value that's been lost but i also um believe that the industry has
uh in crypto that there's a lot of a lot lot to come and it's really exciting look guys i know
things are tough right now we'll make it through this i promise you that crypto is here to stay
if you have money in celsius you can file a small claims case if it's between ten thousand
and twenty five thousand i'm sure there's you know even more things you can do if it's over
twenty five thousand i'll leave a link to this in the description in case that's you
subscribe to the channel my friends smash the like if you got value in today's video
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