Bitcoin Did This at $60K... Now It’s Happening Again! Transcript

00:00 Let me ask it this way. Liberation Day, scary. Two months later, market was new highs. I think Iran war scary. Two months later, new highs. This different or the same. Do not get shaken out. Now is the time to make your move in crypto. Take a look. Bitcoin is holding up so well. And you know, there's so much fear, uncertainty, and doubt in the Bitcoin market right now.

00:25 Yet, this is your chance to still get a sub80K Bitcoin price for an asset that's likely to trade far above 100K in the future. To me, this is equivalent to 2023 when Bitcoin couldn't get past 30K and we stayed under 30K for quite some time. We're seeing the same opportunity with Bitcoin under 80K right now. Not to mention staying above and hopefully bouncing off of the 50week moving average.

00:54 This is common in bull markets. Even if we spend a little bit of time below, this is only a major buying opportunity. Guys, smash the like button. Support the channel. Never financial advice, just info and opinion. Let me share with you a few more reasons why you should be bullish. Let's start here. First of all, let's be clear why crypto is dipping so much.

01:18 And it's really because the regular stock market and AI stocks had suffered a significant significant dip with many people wondering is the stock market turning over. Is this the start of something? So in the short term that's a riskoff environment. That's the only reason why Bitcoin and crypto dipped so much. It has nothing to do with their fundamentals.

01:41 However, let's go to an expert here. Are people too bearish? JP Morgan Asset Management's equity portfolio manager, Jack Cafrey, says that a post-midterm correction like this is perfectly normal. We should be seeing one or two corrections a year. So, it's a nuanced take, but the point is this is totally normal. This is what investors need to know. >> Let me ask it this way.

02:07 Liberation Day, scary. Two months later, market was new highs. thing uh Iran war scary oil higher two months later new highs this different or the same >> um I think in the aggregate this will probably be more the same rather than ultimately >> well that's something to be different that was best yeah best news I've heard all day >> exactly >> well the days early still so let me try to unpack that for you um realistically we just had a major election we've had some reactions to that major election Initially I think that

02:44 was perhaps a little bit more positive than people were thinking and then in understanding what policy changes we might wind up seeing I think we became a little bit more negative at least certainly yesterday. Um but I think >> looking not just to yesterday but looking over the past 6 weeks you've certainly seen a rotation out of what had been market leadership that was relatively concentrated into more and more of the market.

03:09 What made yesterday trickier was you actually saw selling across 400 plus names in the S&P rather than selling a 100 and actually buying 400. Um but as we talk about we're in a correction in the NASDAQ. We should be seeing one or two corrections a year. So in that regard um this is more normal rather than not. >> And now that we are post midterms and we have the results of the Senate and the House.

03:33 We know the president's Republican, the House is Democrat, the Senate is Democrat. We know that after midterms is generally bullish, but what most people don't know is that there is no better election result for markets than what we just had. This is the result. Seven cases, the best. A Republican president and Democratic sweep has seen the best marketforward returns out of all midterm scenarios for the past 100 years.

03:59 Again, there is fundamentally no reason why Bitcoin and crypto should be dipping that much. It is clear nations around the world are integrating it and adopting it. In particular, the largest capital market in the world is integrating it and adopting it. This is the NASDAQ tweeting about how proud they are to have a crypto company ringing their bell today.

04:25 So, a lot of people don't think that this is an actual likely scenario in 2027. And yet, this very well could be the bullish catalyst that takes the market to its next levels next year. At least that's what the VP of US policy at Coinbase says. And what she says is this. The Crypto Clarity Act could still get passed by the new Congress. Every year there are more Democrats coming into Congress that are pro- crypto than we have ever seen before.

04:54 And we understand why this is happening, right? In the beginning, there were only bank lobbyists and a lot of banks didn't care for crypto. So, Congress was anti-crypto. Well, now banks are getting more and more into crypto. Plus, crypto has its own lobbying groups. So, at a certain point, and it seems like it's happening now, Republican, Democrat, it doesn't matter.

05:14 Crypto is just a better technology. So, you know, again, this is a nuanced scenario, but this could be the bullish catalyst that the market has yet to price in yet. >> Okay. So, the Clarity Act may have been the model for some of this. The Clarity Act didn't pass. It didn't pass in September. Democrats were largely opposed to it. They're now running Congress.

05:36 Does that make you more pessimistic about the possibility of pro- crypto legislation and regulation coming out of Washington DC? Legislating is really hard as we've seen and I think bipartisan legislation is even harder. We got very close in September. Very close down to the wire and a few provisions prevented that from getting across the finish line.

05:58 Does it get easier in a new Congress? No. You still need 60 votes to get across the Senate finish line and that will prove difficult even with 54 55 56 uh Democratic votes. So we are going to have to work in a bipartisan way to move legislation forward in a year, two years, three years, four years. What we've seen is crypto become part of the financial infrastructure.

06:21 It's not a niche issue. It's not something that is a fringe consideration here in Congress, but it's part of something that's shaping everybody's everyday financial life. >> Are you preparing for a crackdown on crypto by Democrats? >> Well, it's really interesting. We've we have a very strong bipartisan foundation in Congress. There are more Democrats coming into Congress that are pro- crypto than we have ever seen before.

06:47 And when I say pro proc crypto, I want to be precise. Pro crypto meaning they want clear rules for their constituents. These are millions of Americans who have already used crypto. They've bought it. They've sold it. They've they have a loan with it. And so these Democrats who are coming in see that and they want to make this whole election was about affordability.

07:05 Crypto fits right into that issue of affordability. It makes it faster, better, cheaper. Democrats see that and that's why we have a bipartisan foundation. Whether or not we see investigations, that's up to the chairman who are coming in, the leadership. But I think we have a very strong track record with Democrats and with Republicans, and we'll continue that in the new Congress.

07:26 >> And the Crypto Clarity Act passing in one year or less is actually what Kevin Liry is predicting happens, too. This is his number two big prediction for next year. The first one is that the trade war will end with Canada. The third one is that the war in the Middle East will be over. I'm just going to play you number two. The Clarity Act will pass for this reason.

07:46 Number two, the Clarity Act around digital assets and blockchain and Bitcoin. It will also pass in 2027. Why? Out of economic necessity as well. Tokenization is a good idea to streamline the financial services system. It's much better than what we have now. Some of the ways we transfer money came from the 60s and they haven't been upgraded yet. When we go to blockchain, that will solve a lot of problems.

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09:27 Earn an extra 14,550 at 7:00 p.m. Eastern Standard Time tonight. This starts, so probably by the time you're watching this video. I will leave a link below. My name is Aaron. This is Altcoin Daily. Subscribe to our channel. Join our team. We post one video every day keeping you informed.