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00:00 Although it took Bitcoin nearly 16 years to surpass 100,000 for the first time, the move from 100,000 to 200,000 may happen much faster. Bitcoin is coiling up tighter, meaning that an explosive move is still coming. Let's talk about what is going on with this and what comes next. We'll go over the top altcoins making moves today. The thing is, I've been quiet about this for far too long.
00:26 I've been wanting to share the outlook that I'm about to share with you in this video for quite some time. And if you appreciate me keeping you up to date with everything going on in crypto, even during downtimes like this, do me a favor, tap the like button. Let's talk about what I truly think happens next. Not financial advice, of course, just info and opinion.
00:48 Let's start here. Bitcoin, crypto, AI stocks, tech stocks, the S&P 500 at large, all taking a tumble over the past couple days as Brent crude oil surges to nearly $118, its highest level since March of 19. Another dollar takes it to the highest level since June of 22. The reason why this is happening is because higher oil keeps inflation hot and rate cuts harder to deliver.
01:18 that can tighten liquidity and weigh on risk assets. If oil cools, it could support a stronger recovery across crypto. There's a lot of fear, uncertainty, and doubt with this dip right here. But let's zoom out a little bit. Let's gain some perspective. Crypto is still up huge the past 3 months. Bitcoin up still 27%, Ethereum still 29%, Salana up over 40%, gold literally down 1% during the same time, S&P 500 up only 3.4%.
01:54 So, crypto is doing much better than you think. I'm extremely bullish. Bitcoin putting in this higher high like this, a little bit of a retest. The best times to buy Bitcoin are usually during times like this when people are bearish on the asset or even just largely do not care about this asset or asset class. So, think about the last few months. Bitcoin took three steps up now one step back.
02:20 What we're seeing is a perfect pullback in a confirmed bull market. You can't stop this train. Again, when you're on smaller time frames, it will wreak havoc with your emotions, but the weekly and monthly will keep you grounded. P.S. This circle would be a great entry. That's about mid70K range, 75K. And to be honest, before we move forward, I wouldn't be surprised if we scare the market and see Bitcoin dip down to high7s or mid70s.
02:48 Everybody would call for Bitcoin to go lower. It would pump higher. We have seen this time and time again through Bitcoin's history where there's a final little dip before the buyers step in. Final dip, it gets low enough before buyers step in. And of course on on smaller time frames as well. Understand, of course, there's selling, but for every sell there is a buyer.
03:11 And whales have been aggressively buying Bitcoin. This month, whales have bought almost 800 million in Bitcoin, which is almost 90% of October's newly mined supply. Big money definitely knows something that most people don't. So understand how a market turns from a bare market to a bull market. Eventually a bottom is put in because sellers reach exhaustion.
03:35 The asset price rallies and then it gets high enough where sellers step in again and we sum sales but those sellers get exhausted at a certain point too as buyers buy up that supply. looking back eventually whether it's here or here or here or here those sellers get exhausted and the asset has you know nowhere to go but get bid up and that is what I think we're seeing here so once we eventually do get back above 85k that will really be bullish for the next leg higher in fact staying on higher time frames crypto's
04:12 monthly RSI is still at bare market bottom levels higher, my friends. Guys, smash the like button if you're getting value, if you're gaining perspective. Let's talk about altcoins. Last thing on Bitcoin, 8 trillion. Fidelity is bullish on Bitcoin. And they have no problem declaring, although it took Bitcoin 16 years to surpass 100K for the first time.
04:38 The move to 200K may happen much faster. This is their analyst, Zack Wright, one minute presentation. Although it took Bitcoin nearly 16 years to surpass 100,000 for the first time, the move from 100,000 to 200,000 may happen much faster. Bitcoin is up nearly 50% from its bare market low near 58,000 in June 2026. Its path higher looks remarkably similar to the price behavior seen off the lows of 2022.
05:03 It's worth noting that Bitcoin has experienced diminishing returns over time, and past performance does not guarantee future results. So investors should not expect to see Bitcoin outperform compared to the previous cycle. However, the potential for a large price increase in absolute dollar terms remains. Although it took Bitcoin nearly 16 years to surpass 100,000 for the first time, the move from 100,000 to 200,000 may happen much faster.
05:30 So investors should be prepared. Subscribe to Altcoin Daily if you're getting value today. Let's talk altcoins. This is bullish. Very similar to this back here. Did you know that total market cap has broken above the EMA ribbon again after more than 3 years? Every time this has happened, it was a bullish signal for Bitcoin and altcoins. And look, we are currently retesting.
05:56 Taking a look at ETH versus Bitcoin today versus back when we turned into a bull market back in 2020, ETH Bitcoin is doing the exact same thing it did right before the 2021 alt season. and made higher highs and retested the trend line twice before going parabolic. We're seeing a similar setup again. I like this. The top altcoins in the space today are doing numbers when it comes to tokenization, real world assets, stable coins, things like this.
06:24 So, take a look at the current top players in the market today. Ethereum by far B&B chain, Salana, Stellar, Avalanche, and actually 28 others. Ethereum remains the dominant network accounting for more than 40% of RWA market cap. Salana, B&B chain, Stellar, Avalanche are among the networks gaining ground. I think Ethereum is really undervalued today.
06:49 Every day we see another all-time high for as far as like under the hood metrics. 44.1 million Ethereum staked at an all-time high again. All stable coins, including Euro stable coins, are quietly growing and Ethereum is home to the most of them. But you can see the top altcoin players in the space today. ETH, Salana, Coinbase, Nosis, XRP, Ledger, Avalanche, Arbitum, Polygon, Stellar, Arc.
07:12 Salana is a clear number, too, as far as stable coin metrics at this point in time. >> The numbers are really big. So, $5 trillion of stable coin volume on Salana this year alone. We're not even all the way through the year. $17 billion of stable coin issued on Salana. Um, you have more transactions period on Salana happening than every other blockchain combined.
07:32 I think what's tough to conceptualize though when you think about something like 17 trillion or sorry5 $5 trillion in volume is what does that actually mean? Um I think what's most exciting is to actually look at the companies using stablecoin on Salana. So you have Western Union refactoring their entire business because they see the benefits of what it looks like to use stablecoin and really be able to eliminate things like pre-funding pools or mitigate things like pre-funding pools all over the world because they see
07:56 the benefits of it. Um, you see, you know, companies across the board figuring out what it looks like to integrate this into crossber payment flows. Uh, the Bank of North Dakota is thinking about stable cocoin on Salon or using stablecoin on Salana with Rough Rider coin because they're thinking about how to do sort of interbank transfers. And so you see all these major companies, they're not just experimenting with stablecoin, they're really thinking hard about what it means for their business and how it can deliver
08:20 value for them and their customers. But it's so obvious to me and actually David Dwong who used to be institutional Coinbase head of investment research now he is at Ethereum institutionally he moved from multi-chain he moved to the Ethereum ecosystem he's still bullish and he insists that institutions are coming to Ethereum Ethereum's price has not caught up yet >> and often times when we're talking about the market they want this clear line from usage to ETH demand uh now I think that that has been mitigated to some
08:51 extent because it is of course still the collateral and the gas for the Ethereum economy. You know, you have these treasury companies like Bit Mine uh who are, you know, still stacking up a lot of the ETH and they're, you know, staking that, locking up like a lot of that supply, but you know, oftentimes I think that the price follows the usage with a bit of a lag.
09:13 And I think that Ethereum is now where everyone's coming to shop. I think that now like a lot more institutions realize, hey, you know what? If we're gonna have a credibly neutral kind of place where we are transacting this stuff, maybe Ethereum is the place to kind of go with this. Say what you want about Tom Lee, I think something like this is actually likely.
09:36 Ethereum could reach 5K. It's actually up to 7.5K by the end of the year. If Bitcoin is over 100K by then, this could actually happen very quickly. >> Where do you think ETH will be at the end of the year? You know, I I think Ethereum should exceed its all-time high. So, I think it's above 5,000. I think Bitcoin is going to be over 100,000. And if that's the case, then I think Ethereum is around 7500.
09:58 And regarding Ethereum's bull case, a lot of people say, well, Bitcoin has the fixed cap supply. Ethereum doesn't have that. But Ethereum's supply dynamics could actually get more bullish, especially during bull runs, because since the merge, Bitcoin supply has grown 3.7x faster than Ethereum. Bitcoin has had 4.96% inflation. Ethereum 1.35%. Both are now growing at about the same rate at.9% a year.
10:28 When demand returns, Ethereum supply can shrink again because more use, more supply gets burnt. There's a lot of reason to be bullish. It is clear to me this is the calm before the storm. If you want to create wealth, yes, probably now is the time to lock in. Just like back in 2020, buy quality assets has always been a great long-term investment strategy.
10:52 Again, not that Bitcoin's price couldn't dip more in the short term. We're going to keep you informed on everything going forward. So, make sure you subscribe. My name is Aaron.