[00:02] to 100,000? >> Bitcoin right now is in the danger zone. >> What would have to happen? >> We have officially put in a lower low under the 200-week moving average. This is the first time we've closed below the
[00:14] is the first time we've closed below the 200-week moving average since 2023. And yes, we understand that historically the 200-week moving average has always the 200-week moving average has always tended to mark around fair value and
[00:27] buying opportunity. >> But why should I buy Bitcoin and get it back to 100,000? >> But is it this time? Is it today? Because just looking at the last 2 years of performance for all markets, the S&P
[00:40] of performance for all markets, the S&P 500 is up 34% in 2 years, gold is up 75% 500 is up 34% in 2 years, gold is up 75% in 2 years, Nvidia is up 69% nice in 2 years, yet Bitcoin has returned 0% since 2024.
[00:55] investing is you want to buy things before they're in favor. So you want to hold that asset as it becomes consensus. And right now dollars on your recommendation. >> Well, I don't wasn't recommending
[01:07] long time is >> you were you were you were pointing towards your highest Bitcoin. >> It did. It went up another 25% from it's down 58 grand. >> What is the catalyst that can push us
[01:20] back above 100,000 dollars again? And do not say the Clarity Act. I understand that Congress has scheduled a hearing for the Clarity Act on July 17th. This is coming up. I will be sharing with you day of updates on this. So make sure you
[01:35] click subscribe, have the bell notifications on. This is important. But what's the real reason that crypto markets continue to bleed? And before I share with you the data, I thought this was very interesting insights insight
[01:49] from Coinbase's head of institutional strategy, John Augustino, on the micro strategy, John Augustino, on the micro catalysts he's seeing for crypto under >> I have the luxury of being at Coinbase where I'm seeing what I call micro
[02:03] catalysts almost every day. Uh stuff that doesn't really make the front page of the news, uh but the other day we just did the first uh stablecoin-based payment for independent journalists to condense the time they take to receive
[02:17] days to 1 day. Um we've seen uh things like um uh Scott Stornetta who was on your show using blockchain and cryptocurrency to solve the problem of deepfakes uh via artificial intelligence. Uh we've seen
[02:33] over 40 countries uh commit to buying Bitcoin in some fashion for their national balance sheets or other. So, I'm seeing every day a deluge of new interested in the asset class. So, I appreciate for folks who don't have that
[02:46] perspective. They're looking for some grand gesture or grand event. Um but for on the inside, uh all we're all we're seeing is steady growth even if the headlines don't match. >> And here's a headline, case in point.
[03:00] Circle stock dives. This is the company behind USDC stablecoin. It's in freefall, the stock, as Coinbase, BlackRock, and Visa back OpenUSD
[03:12] stablecoin. So, many of you were asking me about this. Circle, the issuer of me about this. Circle, the issuer of USDC, is in absolute freefall today. This happened after Visa, Google, BlackRock, Coinbase, and 100-plus other
[03:26] institutions announced their plan to launch a stablecoin OUSD. Circle stock down over 16% on the news. So, introducing OpenUSD, a stablecoin built
[03:39] for the internet economy designed by the businesses growing it. And to me, this businesses growing it. And to me, this is a signal that if BlackRock and Google and Visa are integrating the crypto rails, blockchain rails in their
[03:56] business. Crypto's not going away. The key, obviously though, are which cryptos is this built on? Is this built on Solana or Ethereum? What is What is this good for? Well, open USD introduces three key design principles. It's built
[04:12] for scale, so businesses can mint and redeem open USD at no cost and with no artificial limits on volume. You can earn yield by default. Partners receive
[04:26] reserves less a small management fee to cover their operational costs and govern collaboratively, meaning all these institutional partners, BlackRock, Google, Coinbase, Visa, they will all be
[04:43] equally sort of a conglomerant in control of the protocol. So, not a corporations. And I know what you're thinking, Austin, this is not crypto. This is not decentralized. This is not permissionless. This is permissioned.
[04:58] There's This is how they control us. And the answer to that is obviously stablecoins are by definition permissioned. They're by definition controlled by a centralized entity. Bitcoin and Ethereum are the protocols
[05:12] decentralized, permissionless, but I do believe this space will grow together. There's room for all of us. There's room for everything. The space is blossoming. Wow, and this shocked me. Look at all the businesses that are now in control
[05:26] of this or partners of this. We have Visa, Stripe, MasterCard, American Visa, Stripe, MasterCard, American Express, MoneyGram, Western Union, etc. We have BlackRock, BNY, Standard Chartered, smaller banks. We even have
[05:39] Google, Samsung, and DoorDash is in control. And I get that. DoorDash does tons of daily volume in transactions. They want something faster and cheaper and settled more instantly. And this is where the signal comes in for me on
[05:54] which cryptos will be utilized as the infrastructure. Solana is backing this. I would say this is good for Solana. Ripple is backing this. Maybe this will be on Ripple's RLUUSD. We have Ave, so that's Ethereum. We have Polygon, that's
[06:09] an ETH L2. We also have Stellar, Aptos, Plasma, Rain, which is a new network. So, by all accounts, this looks like it'll be multi-chain. So, again, you can it'll be multi-chain. So, again, you can say that, "Wow, is is Bitcoin worth
[06:23] average? Maybe the story is over. Maybe this is how it ends." No, crypto is being built into the financial system. It's being baked in the plumbing. And for every time you get angry that Visa cancels your transaction
[06:38] or Coinbase is down at the top of the market, so you can't sell. Coinbase app isn't working. Or DoorDash or Google are stealing your data, using your data, maybe canceling your transactions at a whim. The bigger permissioned systems
[06:54] get, the more we need decentralized, permissionless systems. This is good for crypto. Of course, there's this. Most cryptocurrencies don't survive more than cryptocurrencies don't survive more than a few years. Of 2021's top 100 coins, 89
[07:11] of them are worth less today, while Bitcoin is up 81%. But, the point is which altcoins are still showing potential? Well, this is why you subscribe to Altcoin Daily for an edge investing in crypto by staying up to
[07:24] on the news. And this is bullish. Just in, SoFi, which is a major financial company, their stablecoin SoFi USD supply has their stablecoin SoFi USD supply has increased from 100 million to 300
[07:39] million in just 5 weeks. The best place to find liquidity and user growth for stable coins is on Solana. So again, this hasn't really affected price, but these are transactions and users that are growing
[07:54] on the network. They chose Solana. Also big news with exchange partner Binance. We are proud to be the first crypto exchange partnering with Anchorage exchange partnering with Anchorage Digital to bring banking triparty to
[08:08] institutional crypto trading. So what this means, because Anchorage Digital, like Binance, very reputable company, and by partnering with Anchorage Digital, institutional clients gain an additional trusted option for their
[08:22] triparty banking needs, maintaining independent, segregated custody of their assets while assessing Binance liquidity for their trading needs. Custody and
[08:34] execution separated the way institutions expect. So again, this is signal showing expect. So again, this is signal showing the 200-week moving average again may be quite the buying opportunity for what could be 3 5 years from now. And this is
[08:48] interesting. We see all the tokenized RWAs by asset class, meaning what is being tokenized. Well, obviously US Treasury debt, commodities, asset-backed credit, finance things, corporate credits, stocks,
[09:03] US government debt, etc., etc. We get it, but what's interesting is more than it, but what's interesting is more than half of these tokenized RWAs are live on Ethereum's mainnet. This is showing the network effect of Ethereum. It may not
[09:15] be the fastest. It may not be the newest, but they like the network. They're joining the network to be connected to the liquidity. And of course, if you're wondering why crypto continues to bleed out today, if there's
[09:28] such bullish news, what's with the bleeding? Well, global bond markets are imploding. This is stealing liquidity. So we see Japan's yield on their bonds are going up. We see German bond yield is going
[09:42] up. We see German bond yield is going up. USA 20-year bond yield, 30-year bond yield going up. And what this means if money can get a higher yield by putting it in
[09:54] thing backed by governments, the big money will just say, "Uh, this is safe and I'm getting a better yield. It's incentivizing me to keep my money here or put my money here." And of course, this means less money in the
[10:07] short term for more {quote} risky assets. Eventually though, that will assets. Eventually though, that will change. Bitcoin had a great 2023 into 2024, beginning of 2025. And now it's a dog. Everything is
[10:20] outperforming Bitcoin and crypto in the last 2-ish years. If you believe in the asset, which I think it's clear crypto as a space is only growing, this is when you want to get involved in an asset, when everybody has forgotten
[10:35] about it. Anthony Pompliano on Fox Business defends himself on why Bitcoin opportunity. >> Why should I buy Bitcoin and get it back investing is you want to buy things before they're in favor. So, you want to
[10:49] be non-consensus and then you want to hold that asset as it becomes consensus. your recommendation. >> Well, I don't wasn't recommending anything. What I've been saying for a long time is dollar cost average.
[11:01] >> Dollar cost average Bitcoin. >> It did. It went up another 25% from it's down 58 grand. >> If you go and you look over the last 10 something like 60% every single year. And you need volatility. I think that's
[11:14] that most people they're scared of volatility. They run away. They want to hide in bonds. Bonds are losers. You go and you hold something that doesn't move But the best investors in the world
[11:26] now AI is volatility to the upside. Bitcoin is volatility to the downside. years, I think both of these assets are going to continue to be very, very the returns are going to be. Is you want assets that have volatility.
[11:38] >> Click subscribe for one video per day keeping you informed, and like always, keeping you informed, and like always, see you tomorrow.