CNBC’s Tanaya Macheel and MacKenzie Sigalos join ‘Power Lunch’ to discuss the crypto rally.
♪ >>> WELCOME BACK TO “POWER LUNCH.” BITCOIN SOARING ABOVE $45,000 TODAY FOR THE FIRST TIME SINCE APRIL, 2022 AND HANGING ON TO ITS GAINS, BY THE WAY, AS WE MOVE THROUGH THE SESSION AS THE RALLY OF CRYPTO ROLLS OVER INTO THE NEW YEAR.
THE ENTIRE SPACE REAPING THE BENEFITS OF THIS BULL RUN, MINING STOCKS, BITCOIN CRYPTO MINING STOCKS SAW HUGE GAINS LAST YEAR, AS YOU CAN SEE. IT ALL COMES AS TRADERS GROW EXCITED ABOUT BOTH THE POSSIBLE APPROVAL OF A BITCOIN ETF IN THE U.S. AND POTENTIAL BITCOIN
HAVING THIS SPRING THAT PEOPLE SAY COULD CAT LYSE A PRICE RALLY. HERE TO DISCUSS, CNBC REPORT MacKENZIE AND TENAYA. WELCOME TO BOTH OF YOU. MacKENZIE, IS IT JUST THE FIRST — WHY SO MANY FUND FLOWS AND WE’RE OFF TO THE RACES, WHAT ARE YOU HEARING?
>> A LOT HAS TO DO WITH THAT THERE’S OPTIMISM SOME OF THESE SPOT BITCOIN ETF APPLICATIONS WILL BE APPROVED. THE S.E.C. HAS A DEADLINE OF JANUARY 21 TO APPROVE OR DISAPPROVE THEIR SPOT APPLICATION. THERE’S OPTIMISM IT WILL BE A GREEN LIGHT THIS TIME.
SOME OF THE BIGGEST NAMES THROWING THEIR HAT IN THE RING. BLACKROCK. A LOT OF THAT HAS TO DO WITH THE FACT THAT THEY THINK INSTITUTIONAL MONEY WILL FLOOD INTO THE SPACE ONCE WE SEE SOME APPROVALS. >> THEY REALLY DO FACE NEAR-TERM DEADLINES HERE FOR US TO KNOW
ONE WAY OR ANOTHER. WHAT WOULD YOU ADD? >> I WOULD ADD THE GEOPOLITICAL TENSION IN THE RED SEA. BITCOIN HAS BEEN IN A DOWN TREND FOR THE LAST THREE WEEKS. AND ENDED DECEMBER ON A LOW NOTE, BUT THAT UPTREND IS STILL KIND OF IN TACT.
AND REMEMBER, SO A LOT OF THIS RALLY IS ABOUT THE POTENTIAL OF BITCOIN ETF. REMEMBER THAT BEFORE THE ETF NARRATIVE CAME INTO PLAY IN JUNE OF LAST YEAR. IT WAS THE U.S. REGIONAL BANKING CRISIS IN HERE IN THE U.S. THAT WAS THE BIG CATALYST FROM MARCH
5th TO APRIL 30th. WE WERE REALLY SEEING BITCOIN RISE FROM THE ASHES AT THE BEGINNING OF LAST YEAR. THAT WAS ITS FIRST 30% SPIKE. >> TWO QUESTIONS, MacKENZIE, ONE IS ARE THERE BITCOIN ETFs IN OTHER COUNTRIES AROUND THE WORLD? WHAT DO THEY OWN? DO THEY ACTUALLY OWN BITCOIN?
DO THEY OWN SOME FUTURES? WHAT DO THEY OWN? >> IN CANADA WE HAVE A SPOT BITCOIN ETN. ONE OF THE REASONS THAT PEOPLE THINK THIS IS GOING TO BE A SELL THE NEWS EVENT BECAUSE THE FLOWS WITH THAT ETF HAVEN’T BEEN AS ANTI ANTICIPATED. THAT’S ONE OF THE BIGGEST
NARRATIVES WE HAVE SEEN THIS HUGE PRICE RUN-UP GOING INTO THIS EVENT. THINK BACK TO DECEMBER 2017, THERE WAS A LOT OF OPTIMISM AROUND A FUTURES BITCOIN ETF. THAT ENDED UP BEING A NEGATIVE CATALYST FOR THE SPACE. EVEN BERNSTEIN THAT DEEMS A SPOT BITCOIN ETF THE GREATEST
FINANCIAL PIPELINE BUILT BETWEEN TRADITIONAL FINANCIAL MARKETS AND THE CRYPTO ECOSYSTEM. THINKS THERE WOULD BE — THE MARKET WOULD TAKE A PAUSE ONCE THESE SPOTTY ETFs ARE APPROVED IF PEOPLE WAIT TO SEE IF THEY BUILD MOMENTUM. >> SPOT ETF, THEY ARE GOING TO
OWN BITCOIN, NOT FUTURES. >> THAT’S WHAT’S SO DIFFERENT ABOUT THIS. IT WOULD MEAN PEOPLE DON’T HAVE TO GO TO AN EXCHANGE TO CUSTODY BITCOIN. INSTEAD, BLACK ROCK FIDELITY WORK WITH COIN BASE AND THEN YOU HAVE VERY FAMILIAR PRODUCT THAT YOU CAN BUY INTO THE SPACE WITH.
THAT’S WHAT PEOPLE BELIEVE IT WILL BE A GAME CHANGER. >> WHAT DOES THIS HAVING — IT SOUNDS LIKE THE RAPTURE IN THE BIBLE. WHAT IS IT? >> IT’S A LITTLE IN THE WEEDS. I’M NOT GOING TO GO TOO FAR DOWN, BUT THIS IS A TECHNICAL
EVENT THAT HAPPENS ABOUT EVERY FOUR YEARS. THIS IS BUILT INTO THE CODE OF BITCOIN. IT BASICALLY CUTS THE REWARD THAT THE MINORS GET IN HALF. AND THAT IS ALL DESIGNED TO CREATE A SORT OF SCARCITY EFFECT ON THE SUPPLY. SO I THINK THAT THAT SUPPLY AND
DEMAND DYNAMIC — >> CREATE FEWER BITCOIN? >> YEAH. I THINK THAT’S SOMETHING YOU’RE REALLY GOING TO SEE IN PLAY THIS YEAR. WE HAVE ALL OF THESE BIG CATALYSTS, THE ETF. >> I DON’T KNOW WHO THEY ARE. >> YOU WONDER ABOUT THE MINORS
WHO HAD THIS BIG RUN-UP AND FACE THE HAVING OF THEIR REWARDS. >> IRONICALLY SEEING THE HUGE PRICE RUN UP IN MARATHON STOCKS. THIS CUTTING OF ISSUANCE MAKES THE SPACE FAR MORE COMPETITIVE. ONE OTHER POINT I’LL MAKE. TYPICALLY WE SEE A RUN-UP IN PRICE EVERY FOUR YEARS PEGGED TO
THIS MARKET-MAKING EVENT KNOWN AS THE HAVING. LAST TIME AROUND, THE PRICE OF BITCOIN SPIKED MORE THAN 560%. YOU HAVE THESE TWO MAJOR EVENTS FOR THE CRYPTO ECOSYSTEM THAT ARE POISED TO POTENTIALLY HELP BRING THAT PRICE BACK UP. >> WELL, MAY
47 Comments
Inverse Jim Cramer ⚠️🚨
Block Sailor BLOCK is gonna explode anytime soon
Anyone reading this should get in EBY200TX, in my opinion, its game changing
Block Sailor BLOCK is getting more popular among bitcoin enthusiasts. You should surely watch it!
Block Sailor BLOCK is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly reach $10 in no time.
The Block Sailor BLOCK presale is a hot topic. Avoid falling behind!
Yes, we are already over the deadline for those currencies, but fortunately, there are still some options available, such as Block Sailor.
I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 27 btc from day trading with Boston Weber insights and charts his been one step ahead of other analysis….
The Block Sailor BLOCK presale is a hot topic. Avoid falling behind!
Block Sailor BLOCK is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly reach $10 in no time.
Sell the news event is super close. Best to sell now before the sell off begins. Yeah it may go up 1% higher but it aint worth it when it will crash 30 or 40 percent
Anyone reading this should get in EBY200TX, in my opinion, its game changing
Block Sailor BLOCK is getting more popular among bitcoin enthusiasts. You should surely watch it!
Anyone reading this should get in EBY200TX, in my opinion, its game changing
Block Sailor BLOCK is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly reach $10 in no time.
Yes, we are already over the deadline for those currencies, but fortunately, there are still some options available, such as Block Sailor.
Anyone reading this should get in EBY200TX, in my opinion, its game changing
Anyone reading this should get in EBY200TX, in my opinion, its game changing
Block Sailor BLOCK is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly reach $10 in no time.
Block Sailor BLOCK is getting more popular among bitcoin enthusiasts. You should surely watch it!
They should be embarrassed to know so little about the world's apex asset. In particular the old guy on the left knows less than Munger.
January will set the stage for crypto in '24. Watch closely…….the crypto folks are about to get a major "warning shot across the bow" as the house of cards begins to falter. Those who pay attention will have the chance to get out early……and be the only ones who survive.
The tragedy is about to unfold……watch Bitcoin in January very closely, and heed the warning.
Block Sailor BLOCK is getting more popular among bitcoin enthusiasts. You should surely watch it!
Block Sailor BLOCK is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly reach $10 in no time.
Anyone reading this should get in EBY200TX, in my opinion, its game changing
Block Sailor BLOCK is getting more popular among bitcoin enthusiasts. You should surely watch it!
Block Sailor BLOCK is getting more popular among bitcoin enthusiasts. You should surely watch it!
Happy new year 🎆🎊🎈 nice I value your perspective and content!!depending on this current administration is a total failure I really have a question For someone with less than $15,000 to invest, how would you recommend we enter the crypto market? ^^I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally what's your take on this approach?
Block Sailor BLOCK is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly reach $10 in no time.
These coins are going to get very scarce. The pressure is going to build after the halving, which cuts the supply made in half. Only 21 million will ever be made and some are lost by previous owners. Large demand and low supply will be the catalyst to much higher prices. The world hasnt seen an asset quite like this before.
Block Sailor BLOCK is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly reach $10 in no time.
Block Sailor BLOCK is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly reach $10 in no time.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2023
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Block Sailor BLOCK is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly reach $10 in no time.
I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to miss Susan coriale
Tarea 2
The Bitcoin Spot ETF hopes are creating a buzz in the market.
Good
The introduction of a Bitcoin ETF marks a groundbreaking moment in the cryptocurrency world, merging digital currencies with traditional investment methods. This innovation could stabilize Bitcoin prices and broaden its appeal to a wider range of investors, potentially increasing demand and value. At the heart of this evolution is Tammy Brockman, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.
Nobody can predict crypto, dismiss all such forecasts and concentrate on what's actually happening to the cryptos in which you've invested. My advice to new investors: More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. Trading went smooth for me as I was able to raise over 15 BTC when I started at 2 BTC in just 5 weeks of implementing trades with signals and insights from Bradford Jackson , this is one of the best medium to backup your assets incase it goes bearish.
Compliment of the season. Great content <Trading lead to big gains in Bitcoin, the movements in the price of Bitcoin are not so great now but still that it's very easy for even experienced traders to get whipsawed and lose a lot of money. but always remember that bitcoin tradings carries high degree. the safest thing to do so as to take full advantage of the crypto era is to buy as much as you can, Then trade or mine to increase your holdings which you would have to use a whole lot of money to acquire if you where strictly a hodler. that's why I choose a professional with whose help I have made over 15btc with just 3.5btc. EXPERT Bradford Jackson strategy has really helped me acquire more even in this bearish period.
The fact is, NFTs, BTC is the future of crypto and the question most people ask themselves is – if this is right time to invest? I feel those who would allow the market dynamism to determine when to trade or not are either new in this space in general or probably just naive, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I’d say that more emphasis should be put into trading, since it is way profitable than holding. Trading went smooth for me as I was able to raise over 12 BTC when I started at 3.5 BTC in just 4 weeks of implementing trades with signals and insights from Bradford Jackson , I would advise you all to trade your asset rather than hold for a future you aren’t sure about.
Nobody can predict crypto, dismiss all such forecasts and concentrate on what's actually happening to the cryptos in which you've invested. My advice to new investors: More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. Trading went smooth for me as I was able to raise over 15 BTC when I started at 2 BTC in just 5 weeks of implementing trades with signals and insights from Bradford Jackson , this is one of the best medium to backup your assets incase it goes bearish.
Great video and brilliant explanation. Some claim bitcoin is impervious to shocks that affect global finance; it’s a hedge against things like inflation and a sure bet against tides of uncertainty. Traders should avoid attempting to predict trend reversals, or even worse, i believe there is more to this market than we currently understand. When people are losing, they don't endeavor to increase their average. Keeping all this in mind, it is important to trade with the right strategy when going into the crypto world. Using Bradford Jackson Signals assistance, i've made almost 14.6 btc on a 3.7 btc trade capital over the last 2 months.< Markets fluctuate in cycles that might span anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case merely by glancing at the chart. It's a lot more complicated than some people want you to believe..
makes sense, BTC and crypto is off helping to regulate, rather that pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. And benefits they were unaware with before turn out to be far more beneficial. Few if any rug pulls. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I'm so greatful to B radford Jackson I’d get involved more knowing that I have made over 16` btc with 4btc in 5weeks from day-trade with him
Not all bears operates in the same way. So many are led to believe that BTC has to operate perfectly on a four year cycle that any mention of the words "bear" seem to automatically mean falling prices and an accumulation phase that lasts 2-3 years. As we have showed, it is more complicated than a simple four year cycle that can be repeated every four years from now until all the supply has been released. There are much more complications than some would have you believe. In this video we just stick to the data, not appealing to the emotions of those who choose to ignore it. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc with 4 btc from day trading with *Expert Bradford Jackson Crypto in few weeks