$250K Bitcoin in 2021? ARK Investments Selling China & Buying Bitcoin

$250K Bitcoin in 2021? ARK Investments Selling China & Buying Bitcoin

what is going on everyone my name is jason the channel is a chain of blocks and in this update video we’ll take a look at why kathy wood and arc investments are selling on china and buying more bitcoin it turns out binance isn’t running away from regulations they’re actually leading the charge on it one new program for mastercard that’s designed to help crypto startups and find out who’s predicting that bitcoin will top out at over 250 000 this year all that plus what crypto company just filed a 100 million dollar ipo with nasdaq it all starts right now [Music] all right all right we made it back back for another update video if you’re new here welcome thank you for stopping by what do we do here i realize you guys are busy you don’t have the time to be going through all the top crypto news every single day you can’t be researching all of your favorite all coins what’s trending where you can be making money so i do that for you i compile all that information every day one 10 to 15 minute video we have some fun sometimes we give away a little free crypto as well one thing we never do though is waste any time so i want to start right here guys this is the btc usd price chart been looking at this it seems like every single day as bitcoin has been in this kind of stagnation pattern obviously popped up a little bit over the past couple days as you can see here several candle bodies closing above this line of resistance that we’ve been seeing for several months now but look guys i mean still not able to put in any higher highs still in a sloping in a downward sloping channel and it’s a little bit more clear i think even if you bring up and look at the line chart here guys so look i mean here this was even a fake out here but i still have not even exceeded that level here with any daily closes so look i it was good to pop up we saw that yesterday was a bit of a short squeeze issue with a bit of an over leveraged situation with a lot of people too many people in a short position with bitcoin causing that price to fluctuate very high clothes are going up to about 41 000 before shooting back down i’m recording this uh july 27th and we are sitting at about 38 000 usd guys so it would be nice to build some uh you know build some momentum above this level here of about 41 000 41 500 but still haven’t been able to if we look at the total two chart guys a very similar story when you take the bitcoin out the bitcoin market cap out of this very similar we broke out and it’s still rounding back down kind of kind of coming back down here a little bit guys so as i do think it will go back up over the year guys still a little bit too early i think if you want look if your dollar cost averaging in a great time to always be buying bitcoin but if you’re in this position where you want to take a long position and see that really uh instant gratification i don’t know that this is the best time guys but let’s move over here first story i want to take a look at is arc investment sells chinese stocks buys more bitcoins so notes here chinese stocks down 10 over the past month following surprising intervention in the market by the chinese communist uh party so look that’s never good right we’ve seen what’s happening with bitcoin banning potential bitcoin bannings the ark innovation etf has reduced its exposure to just .32 of its 23 billion dollar assets and that’s down from 8 in february the arc next generation which is another atf that they have it has about 3.8 percent of acid and that’s down from nine percent guys so look seems like arc is cutting out some china stocks going away from some of these chinese companies and going towards bitcoin because the art cryptocurrency u.s fund llc brought 20 million dollars worth of bitcoin in may they also just recently bought the next generation etf just bought 140 000 shares of gray scales gbtc look they’re buying bitcoin they’re buying grayscale bitcoin and they’re also buying coinbase shares to the tune of over 200 million dollars and they’re also buying twitter after the announcement that twitter is going to have a very solid foundation and future with bitcoin so we can see what’s happening with arc kathy wood and where they’re putting their money they’re definitely putting their money where their mouth is they’re talking it up and they’re putting their money behind it so i thought that was interesting there because look like we say you know like i say sometimes it’s just really good information to go follow the really smart people that can continue to make money in these markets so kathy wood arc investments definitely one of those players guys and here’s an interesting story so finance has been on the hot seat i don’t think i’m breaking any news by saying that but buying in ceo we plan to be licensed everywhere to fit financial institution requirements so i think finance is kind of going with like if you can’t beat them and i’m not even saying they’ve been trying to beat anybody but they’re they’re just joining them so amid rising regulatory scrutiny crypto exchange binance is changing tac with plans to set up regional headquarters basically everywhere so they’re going to set up as a financial institution they’re going to have regional headquarters in every location so they can comply with every country and every jurisdictions local laws and they just basically want to do things the right way so like i said yesterday guys i don’t feel binance is one of these companies although they are being accused of fostering money laundering fostering illicit activities all these things i don’t know that binance has set out to do that that’s not their mission right their mission seems to be the probably the easiest way to fight facilitate monetary transactions in the world i don’t know that that’s their mission but that’s what it seems like to me guys so again when you’re not trying to do things illegally when you’re not trying to skirt the system they’re just trying to make things do things in in a better way so binance is like hey whatever the jurisdictions are in lithuania we want to comply whatever the jurisdictions are in the uk we want to comply even though they’re going to be different per per jurisdiction they don’t care they said that they want to be treated like a financial institution and they’re going to operate that way so i don’t know what that means for you and me as the customer of binance but time will tell it’s good to see that they’re at least adapting it’s an innovative company guys they’re not going anywhere they have the second largest chain you know as far as defy goes in the whole world with bsc so let’s keep it moving crypto veteran bobby lee predicts bitcoin peak over 250 000 before massive drop and look bobby lee doesn’t think we’re wasting any time he says that’s happening in 2021 lee who accurately called for the 50 drop at btc as the prices approached 70 000 earlier this year thinks that the largest digital asset will still pass that all-time high this year and exceed it by the end of the year and bobby lee wants you to know that he doesn’t officially give financial advice nor do i but he says that bitcoin will smash through 65 000 and will peak out at about 250 000 but it is interesting to note you know at the time of this writing at a time of this recording like i mentioned bitcoin trading about 38 000 so that would represent you know 550 percent 570 percent gain over the course of the year over the course of the next six months or so which would be absolutely insane but lee also thinks that in 2022 we’re going to experience a 50 to 80 percent decline in the btc market so look he expects it to go over a million dollars in the next 10 to 15 years as it just continues to appreciate over time but that’s what bobby lee thinks and look this isn’t just somebody off the street guys if you don’t know who bobby lee is he is the founder uh co-founder of btcc which is bitcoin china which is a very one of the most popular exchanges before it was bought out and yeah he thinks that the only one of the big challenges and you know things that could interrupt this would be china and not so much china’s banning of exchanges and things like that but he thinks it’s possible that when bitcoin gets to 500 000 to pay maybe a million dollars per coin that china may just ban bitcoin all together meaning you can’t even hold it in the country so that would be interesting but it’s i found that interesting to look at guys you know bobby lee’s obviously made and lost more money on bitcoin than i’ve ever made so something to pay attention to there and let’s move it over here guys wow mastercard launches cryptocurrency startup accelerator and talk about if you can’t beat them join them mastercard has announced a startup engagement program called start path to support companies in the digital asset space and tuesday beginning with seven cryptocurrency based companies these include the nft marketplace known as mintable an israeli crypto custody platform called gk8 uh custody cryptocurrency providers such as domain money uphold and taurus these are some of the early adopters for this program and others include super oracle and stacks and look mastercard was late to the party just as visa just has these old dinosaur financial companies that have just been making money off of their old services forever and ever with no need to improve their services they’re late right so one thing that they don’t lack though is resources so a lot of times when you can’t be the innovator of new technology you can throw money at it you can just throw money at it and you can try to find these innovative companies and look hey mastercard like i said because they have resources and because they have pull and the ability to push these products to new markets and new people that want to use them that could be good for this space guys so i want to finish it off right here let’s take a look at this bitcoin miner stronghold files for nasdaq ipo so bitcoin mining company stronghold digital mining has filed for a u.s securities and exchange commissions sec for a proposed 100 million dollar ipo with nasdaq under the ticker s dig and i kind of like that sd that’s that’s a cool little play on words the company business model is focused on converting coal waste directly into value through bitcoin mining so this was something that i was not even familiar with but it is a very cool concept guys because we talk about bitcoin mining being dirty everybody attacking bitcoin binding because it is harming the environment but when rain or snow meets sulfur-rich coal dumps the large water polluters in pennsylvania is formed water coal it’s called a waste coal acid mining drainage amd the amd runs off into nearby streams and rivers causes polluting aquatic life and everything like that so basically they’re taking this amd and converting it into power that they’re using to mine bitcoin and they’re saying well that’s pretty cool so they’ve raised 105 million dollars and they claim that around 200 tons of waste coal for each bitcoin mine so that’s pretty cool and they are currently operating with 1800 bitcoin mining rigs and 85 peta hashes is their hashing capacity but look they’re looking to add 27 300 additional rigs this year and look this is what we’ve been talking about guys so a lot of mining is coming to the us and i think that’s a really good thing i think that’s a really good powerful thing this company is in pennsylvania and when you look at this this is only going to accelerate how we transform our energy consumption and how we create our energy so look we had a problem which is this amd which pollutes the the ozone and pollutes our streams and kills aquatic life and all these things so now we’re taking something that’s harmful and we’re using it to create something that’s beneficial like bitcoin and we’re doing this in a clean way and i think you’re gonna see this bitcoin leading the charge on clean energy and how we do things not just for bitcoin mining guys but with the rest of the world so that’s all for this update guys don’t forget to go back and look at my other video i’m giving away a thousand dollars this week free orn i’ll leave a link in the description below until the next time be safe
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$250K Bitcoin in 2021? ARK Investments Selling China & Buying Bitcoin

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