Speaker 1: The bitcoin bull run continues with bitcoin hitting eighty nine
Speaker 1: thousand dollars today, incredible gains. What is the next price
Speaker 1: target and when will we see one hundred thousand dollars.
Speaker 1: I want to share what different analysts are saying and
Speaker 1: the charts as well. And will Gary Genser go to
Speaker 1: work in the crypto industry? Will a crypto company hire
Speaker 1: him after he gets kicked out of the SEC. I'll
Speaker 1: share what some folks are saying, and you won't believe
Speaker 1: what Sam Altman said about the future of crypto. Let's
Speaker 1: get into it. Hey, everybody, welcome into the Thinking Crypto podcast.
Speaker 1: You're home for cryptocurrency news and interviews. I'm your host,
Speaker 1: Tony Edward. On your way in, Please hit that subscribe
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Speaker 1: a comment below. If you're listening on a podcast platform
Speaker 1: such as Spotify or Apple, please leave a five star
Speaker 1: rating and review. Folks, What an incredible day for bitcoin
Speaker 1: A face melter. I woke up this morning, I looked
Speaker 1: at my phone and bitcro was at eighty two thousand dollars.
Speaker 1: At the end of the day, it touched eighty nine
Speaker 1: thousand dollars. What a gain. What a pump. It is
Speaker 1: officially in the parabolic phase. And this is the fun
Speaker 1: part of the bullmarket, guys, when things go parabolic and
Speaker 1: they melt faces and the masses wake up right and
Speaker 1: then the euphoria starts and it happens in phases. It
Speaker 1: doesn't happen in just a week. Obviously, this thing can
Speaker 1: go on for another six to eight months. But Bitcoin
Speaker 1: is moving really strong here, guys, which is very bullish
Speaker 1: for the entire crypto market. If you've been a follower
Speaker 1: and a listener of this podcast, we've talked about the
Speaker 1: rotation of liquidity from Bitcoin down to all coins. So
Speaker 1: this thing has been ripping, guys. And what's unique about
Speaker 1: today also it is the biggest gain into a daily
Speaker 1: close of over eight thousand dollars, So this is the
Speaker 1: largest in history. Here the numbers provided by Alex Thorne
Speaker 1: of Galaxy. He said today November eleventh, twenty twenty four,
Speaker 1: was the biggest daily gain in bitcoin history. Incredible pump. Now,
Speaker 1: I do want to remind you guys, nothing goes up
Speaker 1: in expect Bitcoin to have some level of cooling off,
Speaker 1: build support levels so it can keep going up. Remember,
Speaker 1: it needs to cool down. It needs to build support levels,
Speaker 1: because that is the setup that's needed to go to
Speaker 1: higher highs. Unless there's some global buying of bitcoin and
Speaker 1: I'll talk a bit about that later that we don't
Speaker 1: know about. Unless there's that type of what you may
Speaker 1: call white Swan event, right where the entire world of
Speaker 1: central banks are like, okay, we're making bitcoin a reserve
Speaker 1: asset and we're all buying, then all the market psychology
Speaker 1: technical stuff is off the table because that's game changing.
Speaker 1: But in a normal market pace where there's not a
Speaker 1: White Swan event, if you want to call it that,
Speaker 1: Bitcoin needs to cool down, right, and this is important
Speaker 1: to build those support levels so it can keep going higher.
Speaker 1: It needs these support levels to keep going higher because
Speaker 1: if it goes up like this, it just continues. It's
Speaker 1: not sustainable and there's a high risk of a massive
Speaker 1: rollover and a crash. Right. This is just the nature
Speaker 1: of markets and how they function. So but incredible move.
Speaker 1: I'm blown away by what bitcoin is doing, and of
Speaker 1: course all coins are seeing some of the liquidity. They're
Speaker 1: starting to move. Etherorem is back over thirty three hundred,
Speaker 1: Solana just about two hundred and twenty dollars BnB at
Speaker 1: six to fifty five. You got dose coin continuing to pump, guys.
Speaker 1: It is up one hundred and twenty one percent over
Speaker 1: the past seven days, currently at thirty five cents. XRP
Speaker 1: at sixty cents, up twenty percent. Cardono has cooled down
Speaker 1: a bit. It is currently at fifty eight cents, just
Speaker 1: up seventy eight percent over the past seven days, and
Speaker 1: on and on. Shiba Enu is moving as well. So, guys,
Speaker 1: bullmarket is in motion here. Obviously, a lot of alts
Speaker 1: have to catch up. They haven't fully retraced their old
Speaker 1: all time high. But Bitcoin has to steal the show.
Speaker 1: You know, I've been telling you guys about this. Bitcoin
Speaker 1: sucks into liquidity and then it starts to disperse into
Speaker 1: the all coins, large caps, midcaps, low caps, and so forth.
Speaker 1: So what happens next for bitcoin? What is it going
Speaker 1: to do? You know, let's say it cools down here,
Speaker 1: build some support level as well. Some analysts are calling
Speaker 1: for ninety six k here. Jason Pizino says bitcoin just
Speaker 1: hit my next short term price target of eighty nine
Speaker 1: thousand dollars. That's a ten percent move in a single day,
Speaker 1: making this technically an extension of the reference range. The
Speaker 1: next target is ninety six k. He's not the only
Speaker 1: one saying that. Wrecked Capital shared a great chart here
Speaker 1: showing the twenty twenty candle four rallied one hundred and
Speaker 1: six plus percent after breaking its respective for your cycle
Speaker 1: resistance of thirteen thousand, eight hundred and fifty six dollars.
Speaker 1: If Bitcoin were to repeat a one hundred and six
Speaker 1: plus percent move in this current twenty twenty four candle four,
Speaker 1: it would end a year at around ninety six thousand,
Speaker 1: five hundred dollars. But at the pace Bitcoin's going right now,
Speaker 1: it seems these things are going to happen sooner than later.
Speaker 1: But of course, the market can always do what we
Speaker 1: don't expect it, and that is we didn't expect this pump.
Speaker 1: But also we may not be expecting a deep correction
Speaker 1: or pullback. I shouldn't say correction, but a pullback. Bitcoin
Speaker 1: can pull back and test the seventy nine eighty thousand
Speaker 1: dollars support level before continuing, So just be prepared for
Speaker 1: all these things. It's important to keep these things in
Speaker 1: mind so you can balance your emotions, because the volatility
Speaker 1: can play with your fear and greed emotions, right, and
Speaker 1: you guys know what I'm talking about if you're following
Speaker 1: this channel, so be prepared for some sort of pullback,
Speaker 1: or be prepared for just a small pullback. And Bigcoin says,
Speaker 1: you know what, screw all the models and all the
Speaker 1: principles and let me go to ninety six thousand dollars. Right,
Speaker 1: But guys, we are not far from one hundred thousand dollars.
Speaker 1: I mean we're just twelve thousand dollars away. So one
Speaker 1: hundred k is right around the corner. Pretty amazing stuff.
Speaker 1: And you may say, well, who the hell's buying, Well,
Speaker 1: apparently micro Strategy has been buying. They bought another twenty
Speaker 1: seven two hundred bitcoin at around two billion dollars, which
Speaker 1: is incredible. The etf issuers continue to buy, so let
Speaker 1: me refresh this here from Thomas Fahre. He's been doing
Speaker 1: a great job covering the buying from different folks. So
Speaker 1: Fidelity three hundred and ten bitcoin today, Arc bought two
Speaker 1: hundred and thirty five bitcoin, the folks at bitwise bought
Speaker 1: four hundred and eighty five bitcoin. It doesn't look like
Speaker 1: he has the black Rock data yet, but Blackrock, we know,
Speaker 1: has been sucking up as much bitcoin as possible, and
Speaker 1: they have not been selling the outflows for black rocks.
Speaker 1: I haven't been next to nothing, guys. It's incredible. And here,
Speaker 1: Dennis Porter, who I will be having on the podcast
Speaker 1: very soon, said five countries have reached out to him
Speaker 1: since he offered to help them put together strategic bitcoin
Speaker 1: reserve legislation. He says, now the success we've had passing
Speaker 1: legislation in the US can be exported across the world. Bullish.
Speaker 1: So he's been talking to different countries. He actually had
Speaker 1: to reschedule our interview because he had to go to
Speaker 1: South America. He's getting calls about how folks can integrate
Speaker 1: bitcoin and buy bitcoin, and much more so the fact
Speaker 1: that the United States has on the table a bill
Speaker 1: essentially for bitcoin to be a strategic reserve asset. Other
Speaker 1: countries are noticing and they're going to try front run
Speaker 1: the United States. So you're going to have some game
Speaker 1: theory playing out here. As I've talked about for many times, right,
Speaker 1: no one wants to get left behind, and it wouldn't
Speaker 1: surprise me if more nation states start adopting bitcoin. We've
Speaker 1: hit the tipping point for countries adopting guys, and I
Speaker 1: think Wall Street was the complete validator of that. Once Blackrock,
Speaker 1: the world's largest asset manager, went ahead and said, hey,
Speaker 1: we're launching an ETF and Larry Fink's on TV talking
Speaker 1: about how it's a great option, a great hedge against
Speaker 1: what may be happening, and all that it was over.
Speaker 1: If Larry's doing it, black Rock and Wall Street's doing it,
Speaker 1: then the politicians are going to follow. Different countries are
Speaker 1: going to follow. Right if you understand the economic system
Speaker 1: we live in. And here's an example of the global race,
Speaker 1: Verdet Asset Management, the Brazilian money manager run by industry
Speaker 1: veteran Lewis Scholberger. If I'm saying that right, Stollberger is
Speaker 1: among those riding the bitcoin rallies sparked by Donald Trump's
Speaker 1: return to the White House. So hedge funds around the
Speaker 1: globe are betting on bitcoin and crypto. Incredible stuff, folks.
Speaker 1: A great place where you can buy bitcoin in all
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Speaker 1: great app, Their platform is easy to use, and they
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Speaker 1: Gemini Dollar. They have staking and a ton of other features, folks,
Speaker 1: and they are available in over seventy plus countries. They're certified,
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Speaker 1: link in the description, you can get fifteen dollars in
Speaker 1: bitcoin when you trade your first one hundred dollars. So
Speaker 1: check out Gemini link in the description. All right, guys,
Speaker 1: let's talk Gary Ganser. We're starting to see a lot
Speaker 1: of media articles and pieces about Gary Ginster's failed agenda
Speaker 1: and how he's totally screwed up crypto and that was
Speaker 1: a big part of Democrats losing the race because Elizabeth
Speaker 1: Warren was empowering him, and then that led to crypto
Speaker 1: spending the most money in this election cycle. And it's
Speaker 1: not just the presidential race, it's in Congress, the Senate,
Speaker 1: in the House, and we saw a majority of pro
Speaker 1: crypto candidates won and a lot of anti crypto people lost.
Speaker 1: So incredible stuff, guys. So here's a headline from today.
Speaker 1: Gary Ginster's ambitious sec agenda could be near its end. Oh,
Speaker 1: it's definitely at an end. But here's something that Frank
Speaker 1: Shapiro said, and I really love this. He said, honestly,
Speaker 1: If any crypto or fintech firms give money to Gary
Speaker 1: Ginser in any capacity after he's removed from the SEC
Speaker 1: next year, they should be completely ostracized. No book deals,
Speaker 1: no advisory rolls, no professorships. If you want to be
Speaker 1: taken seriously, and if a law firm hires him and
Speaker 1: they're on your payroll, fire them. I will personally commit
Speaker 1: to not allowing any firm or project or entity affiliated
Speaker 1: with him on my podcast. I love this. The industry
Speaker 1: needs to take a stand. We've seen guys leave the
Speaker 1: SEC and go work at firms which work with crypto.
Speaker 1: Right the Enforcement director gerbil Gerwald just did that. I
Speaker 1: don't know. I don't think anybody is going to hire Gary,
Speaker 1: but if they, that would be such a bad look
Speaker 1: because the guy who's outright attacking industry lying taking unwafful actions.
Speaker 1: I mean, he went to war against the industry. So
Speaker 1: I agree with Frank here, and hopefully no crypto company
Speaker 1: is dumb enough to hire this guy against her, and
Speaker 1: hopefully Ginser just disappears, he goes and retires. Now check
Speaker 1: this out, Sam Altman, who of course a big time
Speaker 1: entrepreneur working on AI and much more. You guys know
Speaker 1: who he is. He tweeted out today amazing progress at
Speaker 1: a World cooin over the past year. Super proud of
Speaker 1: the team and especially Alex Blania's leadership, rare combo of
Speaker 1: vision and execution ability. More generally, I am feeling good
Speaker 1: about a bright future for cryptocurrency. Wow. This is no
Speaker 1: Joe Schmoe, random dude on the internet. This is Sam Altman, right,
Speaker 1: and he's building AI and he's saying this about crypto,
Speaker 1: but he recognizes the opportunity here. That's why he's part
Speaker 1: of World Cooin. Now. I don't hold World Cooin to
Speaker 1: and I'm a little weary of some of the things
Speaker 1: they're doing with regards to the IRIS scan and people's data.
Speaker 1: But the fact that someone like this, a visionary, someone
Speaker 1: who's building futuristic technology with AI and much more, sees
Speaker 1: the potential of crypto and he's involved in both, that's
Speaker 1: a big sign, folks. That's a very big sign. Same
Speaker 1: thing with Elon, right. Elon is the same way big
Speaker 1: time entrepreneur believes in crypto is going to integrated. Tesla
Speaker 1: and SpaceX have bigcoin under balance sheets. So I think
Speaker 1: we've crossed the chasm. People recognize the impact of this technology,
Speaker 1: the future application, and that it is here to stay.
Speaker 1: Hunter Horseley a bit wise you know retweeted Sam and
Speaker 1: says pioneer of modern AI movement bullish on crypto. What
Speaker 1: other signs are people hoping for? At this point? He's
Speaker 1: spot on, folks, that's the news. Let me know what
Speaker 1: you think about bitcoin's strong move and if Genser might
Speaker 1: go work in the crypto industry. Would love to hear
Speaker 1: your guys thoughts and comments and great way you can
Speaker 1: support me in the podcast, guys is by signing up
Speaker 1: from free email and news that are on Substack. It's
Speaker 1: one hundred percent free. Also, grab a copy of my book,
Speaker 1: Rethinking Crypto and Amazon. It's available in paperbacking digital. Buy
Speaker 1: a copy for yourself, buy a copy for your friend
Speaker 1: or your family, and help them to learn about crypto
Speaker 1: as this bull market heats up. Let them not get wrecked.
Speaker 1: Let them understand the past, president and future of crypto.
Speaker 1: It includes some investment tips and much more so education.
Speaker 1: Knowledge is power, guys, So help these folks that you
Speaker 1: know to understand what the hell is happening here, Why
Speaker 1: Sam Bank, myr Freed, and the FTX were not the
Speaker 1: ethos of crypto because many of folks, the average Zone Jane,
Speaker 1: they've heard of Sambak my Freed, and that's the perception
Speaker 1: they have of crypto, that it's all a scam because
Speaker 1: of Sam Banker, your Freed and all the things he did.
Speaker 1: But obviously we know that's not true. Sam Beckmfreed was
Speaker 1: just a bad actor. So this book covers that. So
Speaker 1: grab a copy, guys, and if you bought a copy
Speaker 1: you already, please leave a rating and review. It will
Speaker 1: really help me out. Thank you so much. I appreciate you, guys,
Speaker 1: and I'll talk to you all later. Attest bust test
Speaker 1: test