Welcome back everybody to Altcoin Daily my name is Aaron the reason why you subscribe
is because you're interested in making money in cryptocurrency and you want to be part of a team
that informs you on a daily basis as to everything going on in the cryptocurrency
space smash the like button if you appreciate us coming at you on the weekend and let's get in
to the huge change we have just seen happen in America and the regulated cryptocurrency market
this will usher in tons of new money into the space i want to talk about bitcoin price
predictions i want to talk about ethereum predictions we're going to talk about alt
coins we have a lot to cover in today's video stick with us watch the whole thing we'll start
here breaking news not just one but two different bitcoin etfs have been approved by the sec in the
past 24-48 hours pro shares follows valkyrie in approval for listing bitcoin strategy etf
the first etf could go live as early as october 18th as early as monday when the sector revolves
when we have a bitcoin atf in the us billions and billions of dollars will flow into bitcoin
that under no shape under no circumstances would have found their way into bitcoin otherwise
and now this is a reality the sec has revealed that it will allow pro shares bitcoin futures etf
to start trading monday the u.s securities and exchange commission has been putting off
allowing a bitcoin etf for years and now they're allowing two this is a huge tipping point for the
cryptocurrency industry this is signaling in the bulls let me know what you think about this in
the comments below comment right now let me know what you think about a bitcoin futures etf and
the tipping point we're seeing this is a huge change and i would think actually that
the probably number one comment that i'm gonna get based on this huge news is that well altcoin daily
this is just a futures etf they don't actually have to settle the contracts in real bitcoin
it'd be much better if they had to settle the contracts in real bitcoin hey i totally agree
but when i say tipping point i mean tipping point there's no going back there's only going forward
and a spot etf could actually come sooner than we think grayscale plans on filing an application to
convert the world's biggest bitcoin fund grayscale into a spot etf early next week so understand
the significance of this a spot etf will happen because there's no going back from this regulatory
clarity there's no going back from this approval after approval that we continue to see bitcoin
crypto company backed to go public on the new york stock exchange on monday another approval another
crypto company going public this is not something that we have seen any other cycle coinbase was the
first a few months ago backed is next i mean there's a huge waterfall effect going on here
and let me talk about two really bullish things for bitcoin and crypto not just this year but
this decade it used to be in my opinion that the two biggest pieces of fud year after year after
year what were they they were china fod china controls bitcoin bitcoin is centralized in china
and two that tether isn't backed by anything the world's biggest stable coin isn't backed by
anything and this is going to cause an implosion in the cryptocurrency market and literally
tetherfud in china fought every single year if you've been in cryptocurrency for a while
and what do we see this year china flood will no longer happen they can't say that bitcoin is
centralized in china because china kicked out bitcoin and nothing happened bitcoin's fine
and going forward they won't be able to say that tether isn't backed because
tether is now under great scrutiny they have been for years and the cftc just hit them with a fine
but going forward they wrapped up their investigation and i don't know if you got
a chance to see because just reading this tether hit with a 41 million dollar fine for lying about
dollar reserves seems really bad but let's put this into perspective i don't know if you got a
chance to read putting the past behind us so we can move forward and focus on the future keep
in mind that this fine is from an investigation that's been going on for years the investigation
is concluded and what the cftc was looking into was actually for a violation before december 2018.
the point is tether fudd is no more and with this fine i mean this wraps up the case now it's in the
books we can move on to something else so let's move on to something else let's talk about bitcoin
price predictions let's talk about ethereum predictions let's talk about altcoins and i guess
we'll start here from a ta perspective bitcoin has just broken above major resistance from a ta
perspective bitcoin has just broken above a major triangle that was forming so what's the target
the breakout target is about 90 000 from just this triangle let's zoom out a little bit where
could bitcoin go in this year in 2021 we only have about three months left well let's revisit
some of bitcoin price predictions this year from very notable people slash institutions do
you agree with these which one do you agree with comment below do you agree with fidelity a hundred
thousand dollar bitcoin this year bloomberg four hundred thousand forbes seven hundred thousand
jp morgan 140 000 plan b model 135 000 nasdaq 100 000 max keiser 220 000 or pompliano 100 000. now
we're talking about 2021 let me know where you think bitcoin could go by the end of the year
i tend to think that we might not see a cycle top by the end of the year we could go into january
february we might go go into quarter one of 2022 so how high could the ultimate top be
well in my opinion i still think a price of 200 000 to 250 000 plus is still on the table now when
you hear a 200 000 bitcoin in the next six ish months you might think or your family might think
or your girlfriend might think or your boyfriend might think that a 200 000 to 250 000 plus bitcoin
price in about the next six months you might have a severe doubt over this but keep in mind i don't
know if you're around for early 2017 and mid 2017 but for what it's worth a simple twitter search
will reveal that a twenty thousand dollar bitcoin in 2017 there was tons of doubt around this in
2017 and it happened well then again there are plenty of calls for 20 000 bitcoin in 2017 too
so you know this cycle i'm getting vibes of 200 to 250 000 and i think it's very much possible
if you look back at 2017 if you look back at 2013 if you look at this cycle i think that this
might be bitcoin's year actually scratch that taking a look at on chain data from willy woo
the technical name for this chart is that 2022 is going to be a good year bitcoin long-term
huddler supply shock bitcoin continues to get in the hands of long-term huddlers bitcoin is still
going through peak accumulation and that is going to send bitcoin's price sky high so is 2022 going
to be the year of bitcoin or is 2022 going to be the year of ethereum this is the case for ethereum
ethereum proof of stake merge update code should be ready around february 2022 merge on mainnet
june 2022 at the earliest this of course could be pushed back 2022 will be known as the year of
eth there is no denying the power of ethereum half a million each have been burned this is
only the beginning almost almost a billion in total revenue in the past 30 days on track to
settle nine plus trillion dollars this year 42 times the fee revenue of bitcoin 90 billion
total value locked in d5 6.7 percent of each supply is locked in the eth2 deposit contract
3.1 billion total value locked in layer two i think a ten thousand dollar ethereum in the next
six months is very possible let me know what you think in the comments below but keep in mind
crypto in general the total crypto market reaches 2.5 trillion for the first time since july we're
about to break above all-time highs this is amazing and we've seen so many corrections
and retracements this year and i just want you to remember how bearish people were at each one of
these retracements january 31 retracement february 26 retracement march 18 may 53
everybody was saying that bitcoin is going down to 10 000. we'll be in a bear market
september 25 retracement people have called for a new bear market on each one of these retraces
and that was certainly possible nobody knows the future but i do want to remind you for bitcoins
for each one of these corrections and particularly the 53 correction each time we are saying it's a
trap don't be fooled it's a trap don't be fooled it's a trap be ready cryptocurrency investors are
still being fooled cryptocurrency huddlers it's a trap do not be fooled i mean video after video and
bitcoin had that 53 51 correction and you know anything could have happened but i just want to
remind you that you know we tried to keep your eyes on the prize focused on what really matters
not the price and let's get to some altcoin news layer 2 ethereum scaling solution polygon proof of
stake chain yesterday crossed 100 million active user addresses this is the sign of a healthy
network this is just the beginning we will keep working hard to make polygon more scalable
secure user friendly and fun and with katy perry starting to sell merch crypto is coming you know
that we're in the best parts of the bitcoin crypto bull market that's it for me today my
friends my name is aaron at altcoin daily i hope you got value in this video today stick with it
the gains i think are going to be fast and high in the next six months and if you're
new to crypto keep in mind that there eventually will be a soul-crushing bear market in price and
time stick with this this is a multi-year journey smash the like button guys i'll see you tomorrow