COINBASE SHOCKS BITCOIN AND CRYPTO WORLD WITH THIS TWEET

COINBASE SHOCKS BITCOIN AND CRYPTO WORLD WITH THIS TWEET

welcome back to kryptos r us i am george we’re all george so tonight some big big news including one from coinbase from brian armstrong and i’m going to share with you what he said but it’s absolutely enormous also other very very good news has come out and that is why bitcoin is going up i believe bitcoin is trying to break 48 000 it’s a little bit above 47 thousand can i do so can we see 50 000 tomorrow well let’s discuss so thanks for tuning in guys as always smash the like subscribe to the channel two streams almost every day 11 30 and 8 30 p.m central standard time so make sure you hit that notification bell to get notified and follow me on twitter facebook instagram and check out all the latest news article guides on kryptosaurus.com welcome guys welcome exciting night for those of you guys that are in the u.s if you’re in asia you’re europe okay may not be night well if you’re in europe you’re way way way way way past your bedtime but that’s okay because when crypto pumps it’s really hard to sleep right now you can see bitcoin is back above forty seven thousand forty seven thousand two hundred our recent our recent highs has been right around 48 000. here’s a 48 000 here’s a little bit above 48.1 and here’s another 148 something okay so that is the mark to beat and after that guess what it’s fifty thousand right fifty thousand will be right around the corner let me turn these oop let me zoom out a little bit there you go oop that’s not where i wanted to go but anyways 50 000 is around the corner uh where’s all my lines all my lines disappeared i don’t know what happened to my lines uh anyways okay forget the lines forget the lines after forty eight thousand guess what it’s fifty thousand after fifty thousand is sixty thousand after c3 000 guess what it’s a hundred thousand that’s the direction bitcoin is heading to and that is because there’s just so much good stuff going on the days of 28 000 30 000 is gone the days of fear is gone and now it’s just bullish bullish momentum and news not only that man all coins are on fire way above 2 trillion once again look at btc dominance only at 43 may even dip lower can we fall below 40 for bitcoin dominance well the way things are going quite possibly look at cardano cardo is joining in on the pump fund it’s only three cents away from its previous high and it is up 13 today 13 while everything else is also going up polka dot joining the fun over nine percent unit swap joining fun 7 polygon matic which has been very stagnant recently almost 10 percent and then you can see pretty much across the board you’re having really good gains not just today over the last week last 30 days things are coming up really really nicely recovering nicely but uh in addition you know what uh there’s some really really positive news i want to share including this huge tweet from brian armstrong of coinbase we recently received board approval to purchase over over 500 million of crypto on our balance sheet to add it to our existing holdings and we will be investing 10 percent of all profits going forward in crypto i expect this percentage to keep growing over time as the crypto economy matures pretty big declaration first of all this helps everything and keep in mind he didn’t say i’m purchasing 500 million of bitcoin of crypto so just think about that coinbase has been adding tokens left and right left and right left and right and who knows what they’ll be purchasing next guess what the coinbase effect is going to be in full swing pretty soon as they buy and as they hold and add it you know what it’s going to pump a lot and this is the first time we’re seeing a public trade company that will be adding not just bitcoin ethereum to their balance sheet but also erc20 based crypto most likely it’s gonna be rc20 based crypto to their balance sheet and of course coinbase is highly highly highly profitable their last quarterly result was to the moon blew away all expectations and now going forward they’re going to invest at least 10 percent of their profits into crypto so it’s it’s it’s a cycle right that’s only building momentum as it goes downstream will others follow possibly this is a big big big declaration and i was looking at what does coinbase hold they hold a ton of bitcoin already 4 500 around 211 million but recently coinbase their cfo said they piled they stockpiled four billion dollars worth of cash to prepare for crypto winter if one comes so they have four billion dollars in cash but seems like they go spend at least 500 million of that towards crypto wow big big big news big news indeed and then uh you know what like i said coinbase effect is go i mean coinbase of x is already here but uh there’s gonna be a lot more of it going forward that’s for sure that’s for sure so that’s the biggest news of tonight another big one which is not a surprise something that i speculated for a long time and now it’s starting to be revealed and that is blackrock okay blackrock is no one’s friend but it was just revealed that blackrock blackrock owns close to 400 million dollars worth of bitcoin mining stock including six point seven one percent in marathon and six point six one in rye blockchain so we know blackrock pretends to care about environment uh environmental concerns and stuff like that esg push blackrock happens to be the third or second largest investor in tesla so was there a connection with elon and you know everything uh who knows who knows right but we know that the cio and ceo blackrock have come out before and said they want to get into bitcoin they find it fascinating right so who knows if they actually bought bitcoin probably they probably bought a lot in accumulator while it was low but now they also revealed that they bought bitcoin mining stock so blackrock is in the game definitely in the game and you know what they’re not alone fidelity which recently came out too bought a lot of bitcoin mining stock as well so this is this is basically what i’m trying to show you guys is everyone wants a piece whether it’s real bitcoin or some kind of crypto or a bitcoin related company right some kind of exposure every single company out there is looking for some kind of exposure this is why bitcoin will push to 100 000 and beyond and why all these other all coins the protocols will push much higher too not just because some silly lines tell you that it’s go do that no it’s because of all the buying and buying and buying and buying that’s happening right before our eyes this is the reason why things are going up because adoption and growth is simply expanding expanding at an exponential rate at this point right and and guess what as demand demand just keeps growing bigger and bigger and bigger the supply keeps decreasing so according to glass node 78 of bitcoin supply is not liquid 78 so it’s kind of silly to think that our bitcoin price which is at 47 250 something is dictated by only 22 percent of supply which is floating around on the exchanges but almost 80 percent of the supply is locked within wallets and custodians that haven’t moved for a very very very long time right so everyone right now that’s trading or buying is competing for that 22 percent 22 percent and that’s not a lot just a few million and there’s over 8 billion people on earth and very very very small amount knows a bitcoin and hold bitcoin and these large players like black rock and fidelity and banks like jp morgan and wells fargo and goldman sachs what they’re trying to do is accumulate as much as possible before the general population uh truly adopts right so pretty good pretty darn good when the demand goes up and supply goes down it’s very simple supply demand price goes up right uh what else is there well this is also adding to the demand european payment and transactional service provider world line has partnered with bitcoin soucy i think that’s how you say susie a bitcoin services firm to launch its omni-channel payment solution the new service called wl crypto payments will enable more than 85 000 merchants in the world line network to accept bitcoin in their proof of sales pos and e-commerce payment gateways now 85 000 85 000 merchants or businesses consumed accept bitcoin and this is only getting bigger and bigger paypal already has it we know square is coming with this and now you have others and let’s not forget visa mastercard are both in the game too like i said everyone wants a piece of bitcoin and crypto right now right so if you still have doubts whenever you have doubts not just today today is not you know you’re not gonna have doubts today but let’s say tomorrow next week next month if there’s any kind of volatility remember me remember me telling you guys about this and and it’s important to remember ignore the fud and focus on what’s really happening behind the scenes you don’t want to get faked out here’s another story lloyd banks is looking to hire digital crypto uh manager why do you think that every other bank has a crypto manager and has a crypto fund and has a bitcoin fund every single bank out there is jumping in jumping in and hey look at this lark davis crypto lark tweeted this and this is something that correlates with the stock to flow and with logarithmic growth curve and with everything else out there any kind of measurable you know uh signal well if you look at the last two cycles you look at the last two cycles between august and end of year bitcoin went up approximately 300 percent 300 percent this was back in 2013 2017 and what happened now i think so i told you guys bitcoin goes up tremendously during the last few months of a cycle usually a parabolic growth so in this case 300 plus percent hey that will bring where bitcoin is now to over a hundred thousand several right around 150 000 stock to flow is like 225 or 250 so are we go ahead somewhere there yes yes we will and the bitcoin goes up 3x guess what’s going to happen with ethereum cardano binance coin uh polkadot solana and all these guys luna right they’re gonna go up way more than that 5x 10x so imagine that we could see at the end of the year bitcoin now only be at 150 000 but ethereum being maybe at 15 000 maybe ethereum being at 20 000 maybe cardano being at 25 think about that if you think three dollars a lot think about what if cardano ends the year is at 25 and polka dot being at 300 dollars and so lana possibly being at eight hundred dollars or even a thousand dollars by the end of the year it seems ludicrous right now it seems like a five to 10x run at this point is impossible but trust me i’ve lived through 2017 and the first two weeks of 2018 when things went up 5 10 20 50 100 x okay these big companies that you see most of them did that cardano went from nothing sub pennies to to uh you know to a few cents okay well i think it got as high as like 10 or 20 cents or something like that but then since then it has gone up way more and several others chain link tron all these other guys they shot up tremendously during just the last few months of 2017. so can it happen in 2021 yes yes it could happen that’s why you want to stay in the game you want to stay in the game you dca you hold all for life change your wealth and you’ll obtain it one day all right all right that’s pretty much it that’s all i want to say it’s my epic uh epic rant of the day all right let’s do some q a uh someone says when data hits coinbase it’ll be freaking ridiculous yup yup theta b chain those two i think a lot of people are waiting to be added on coinbase uh looks like dan was right about voyager you know what i don’t know i think voyagers the price is kind of screwy you know this morning when i checked it was like six dollars but then it was wrong it was really like four dollars i don’t know i mean you maybe rob is right i mean obviously they had a big big token swap but we’ll see uh people are saying ada haters there’s no ada haters just everyone should just get along everyone’s making money why is anyone bashing anyone why is ethereum holders bashing cardano and vice versa it doesn’t make any sense hold both and make some gains okay don’t hate make some gains elixir appreciate that um all right spencer says i’m dreaming uh just wait just wait if you are wrong and i’m right i expect you to buy 10 of my nfts in the future uh nah i’m reading comments people are like what am i smoking or or what but no trust me when bitcoin goes up and 3x doesn’t seem like a lot for bitcoin but it takes enormous amount of money to move bitcoin up 3x okay tail end of a bull market man that money flows out and we’re talking about trillions this time that’ll be flowing into all coins and plus let’s not forget institutional investors they fomo in they also fomo they feel it right when they put their billions and trillions in it’s going to be marvelous you guys just wait and see have i looked into a decks they’re aiming to be first decks and cardano pumping hard you had to have a very small market cap eight i don’t think it would be the first a sunday swap is supposed to be the first 8x there’s a lot of cardano project that’s pumping that’s for sure there’s a lot i don’t know what the market cap is probably still relatively small but there’s a lot of projects on cardano that’s pumping all right so ryan it could be them could be uh someone else i don’t know if they’re gonna be the first but i think a lot of projects is going to be really it’s going to do really well once cardano gets going done do you do you still think i just said it i just said it about ada being 25 of the years yes that is a possibility how long do you think bdce chain link will take to reach our online heist i don’t know they’re not that far off bdca eats is only about 27 26 chain link how much is it off by 48 chain links will take a little bit longer but the other ones aren’t that far off and it could come very very soon john i found solana’s lending borrowing similar to ave in compound it’s called solaris xr can’t find anywhere to buy it okay there’s xlr solaris doesn’t even exist yet there’s no information it’s probably too new you probably have to buy it on itself it’s probably a dext right happy thursday george take half day off tomorrow yes that’s what i plan on doing unless we’re shooting up to 60 000 tomorrow then i’ll rethink that but uh are you bullish on car market for this nba season picking up what um i picked up a few lebrons and kobe’s like if you you don’t know what to buy if you want to get into a hobby of basketball cards the three guys lebron kobe and jordan okay you can’t go wrong with those three especially rookie cards and autograph cards especially autographed cards here’s a real hot tip for for autograph cards lebron and jordan they have exclusive deal to sign only with upper deck but upper dog can’t produce basketball cards only panini can which means that current modern cards basketball cards cannot have autographs of jordan lebron which makes him really really scarce so you go you can’t go wrong with those three guys but in terms of this season’s um cases and boxes not as strong as last year because the rookie class is not as strong but we’ll see we’ll see maybe if they they can’t get hot so hopefully that helps yeah i’m uh brian brian says i’m way in the green i believe amp is going to pump soon who do you see as their main competitor i say ach alchemy pay is the biggest competitor and stable coins but alchemy pay you know they have pumped up quite a lot they’re taking a breather right but they are also in this space uh jeremiah love ya thanks for all you do appreciate that uh is bdc invented by aliens given uh to us humans maybe humans are invented by aliens too we don’t know uh vacation i’m sorry i butchered your name appreciate it what are your thoughts on b-roll partnering with crypto.com no thoughts i looked at it it’s a small thing it’s not a big thing they’re going to use their code base for payment gateways that’s about it but i do like bpro’s price now stabilizing around 10 cents bpro used to be very pumpish now it’s stabilizing so that’s very good for them what do you think about uh osmosis amm part of cosmo network and osmosis token itself i don’t know what osmosis is is that that sounds like they’re they’re dex but it sounds like also not uh pretty big 400 something million cosmos and then they made moses okay i’m assuming this is some kind of d5 play yes it’s their decks is this the one built by cosmos because i’ve been waiting for cosmos to finish their decks they’re full-fledged ducks and i don’t know if this is it probably not this is probably some other project because it’s a separate token but there is a lot of pools pretty good interests looks like a good project um nice interface and you can stake okay looks decent looks pretty good looks pretty good uh someone yeah told me that tops lost their licensing for baseball cards that’s bad tops is done they’re basically they go out of business uh fanatics is like a merchandise uh kind of store i’m surprised they won panini i would figure would just go and bid for it so i don’t i don’t know what happened to tops they must be really really struggling but then again you know no one’s really buying like you know in terms of cards it just seems like basketball is the hottest then football then baseball then hockey like in that order so i don’t know maybe tops just was not making any money at all the label is good stuff tracks it doesn’t matter how many youtubers are saying that the bull runs go end in two months they have no control okay their audience is nothing what matters is how much buying there is and i just don’t see it stopping okay all these guys that i’ve been telling you guys showing you guys they’re buying they keep buying they keep buying more and more and more so it’s not bitcoin’s price is not dictated by some some signal or charter indicators it’s because of the buying right so i don’t just i don’t see it stopping in two months that’s just me do i watch ufc not really i do like it i just don’t watch it much any thoughts of storm x being nba i mean not really storm x i mean i don’t know of these things these big sponsorships really help i just mentioned about the same uh the same thing with crypto.com this morning um you know gotten a big uh soccer league also in ufc i know storm x’s nba but i don’t know if it’s really gonna help them thoughts on luna hitting 50 man luna is just unstoppable uh with luna i think it has run up way too fast just kind of like solana you want to wait until like kind of settle down cool off a little bit so we’re seeing that period now it might last a while because of how much it pumped pretty much 80 within the last few days but can i get to 50 yeah yeah i think that’s not going to be an issue seth appreciate that i don’t have any thoughts any thoughts on t-zo’s i i don’t know that much about them i just know they’re doing try they’re trying to do what everyone else is doing but you know a lot of controversy when they first started maybe a little bit too decentralized in terms of governance but i don’t know much beyond that jose give me a shout out i gave you a shout out jose there you go uh opinion on bch useless or store value useless useless more than useless get rid of it quick get rid of it quick it will go away eventually uh what is significance under your price predictions it’s not it’s just people like to hear it sometimes i get sick of talking about it but it kind of proves a point and i do like i do like showing or talking about how all coins go up in multiples of bitcoin in terms of price performance so that’s all that’s all remember sixty percent of the time my sources is right all the time that is pumping out that and v thor okay very very very undervalued very undervalued they will come up v chain will be top ten and v thor has been moving a lot recently because there’s just a lot more usage on v chain because i have t’s and uh you know they’re they’re must holds they’re must holds phantom is another one i talked about phantom before i said in terms of the evm compatible chains that’s still somewhat small harmony and phantom and i do see phantom is moving up in a lot in a big way recently so that’s pretty good um ever get into crypto mining stock yes yes very very little though very little to know but tomorrow anticipate coinbase coinbase stock has been getting hammered tomorrow i anticipate coinbase and ryan amara and anything involved with bitcoin will to get a good pump did you get invited to review the gr86 no i saw it at auto show it was not that impressive i don’t know if there that was a redesigned one unless there’s another one gr86 is very very small it’s a very tiny car i almost can’t fit into it uh message retracted uh i don’t know what that was about thoughts on oh me great project a lot of licensing and that’s go help big time with nfts chain link is the chain is a blue cap you just you just hold it you just hold it um kinematic hit 20 sure sure i can uh not this cycle no that that would be like a 15x i just don’t see that can i hit like you know ten dollars yeah ten dollars yeah but twenty dollars i don’t know i don’t know are you feeling litecoin no no is unisoft falling off yeah it fell off the top 10 yeah and i think you know a lot of projects like luna matic b chain could definitely flip above you know swap so if you’re talking about falling off the top tanya low roller fanatics is not that rich man panini is so rich with nba cards now boxes of cards are going for hundreds of thousands when they used to be like 20 30 50 so they have made a lot of money they’re not losing the basketball or nba rights that’s for sure all right ah reef is okay just like an all one d5 play well lambos and rolex’s continue to increase in price i think so i think so i mean everyone everyone is waiting for this big market correction and it’s just not coming people are waiting for market to correct people are waiting for real estate to correct and it’s just not happening the fed is just pumping so much money out there everything is artificially inflated and for those of us that own assets including crypto we’re benefiting okay um so i don’t know i don’t think they’re gonna go down and if you have a major correction and everything will fall but right now there’s no correction none um can our thoughts on rsr can i hit one dollars bull run uh it’s a it’s a stable coin so i don’t know it’s a stable coin to be used for payments um maybe maybe but i don’t know i’m not that bullish on rsr to be honest get on the vera train a ver veracity train uh i know it’s doing well today i’m still not sold on it but you know what they could prove me wrong if they continue to make good partnerships continue to get into esports which is what they want to do they could definitely do well all right last few questions can you approve long term cap gains if you bought your coins d5 or on a swap site should you claim your stinking awards yeah it’s kind of if you’re talking about tracking them yeah there’s no like really no history to track them so i don’t i don’t know i don’t know how you do that and should you claim staking awards if you could claim why not why not all right engine actually infinity what you prefer i mean you can’t deny the tremendous growth of axi but it has come up so much so they will they will eventually just settle down they have pumped up so much engine is way cheaper now but i do like both of them you can’t deny the fact that they’re both fantastic projects what is your most ridiculous low eath price i don’t know what you mean by that can i get a shout out to jenny from toronto hey johnny i’m glad you’re you’re enjoying my show and i enjoy your company all right that’s pretty much it i’ll let you guys go so bitcoin again so much bullish news a lot of bullish news recently including a big one from brian armstrong coinbase but not just for coinbase for entire crypto uh that’s going to be very very big going forward but overall you know things are just looking good these are looking good guys uh recent highs 48 000 can bitcoin break through it and continue on maybe maybe we’ll see 50 000 again tomorrow and in the meantime while we wait all points are just coming up big time big time so enjoy your gains guys and i will see you guys tomorrow 11 30 a.m central standard time all right by the way you want my nft it’s still here five days one point three three go i’ll bid it on open
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COINBASE SHOCKS BITCOIN AND CRYPTO WORLD WITH THIS TWEET

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