hey guys it's a market update things are looking insanely good for crypto once more right we just hit a new all-time high for Bitcoin a lot of attention coming back into the market the trumps are buying Bitcoin and eth and a few other defi coins yes they had their trumpcoin or whatever but that shows us where we are which is in a big bull market and potentially entering the final stages which could last another 3 to n months this is my long-term Bitcoin chart I'm going to go through that in this video because you just
need to know where we are in the current cycle as long as there's price appreciation to come that's good if we start topping out you know that's really not the place to start buying altcoins that are up like 800% right because the next bare Market comes and that's when they draw down so I want to go over that in this video especially I've seen the attention coming back into crypto if you're a new entrance just to know exactly where we are and to figure out if you want to actually invest shortterm or longer term at
these prices so look we're consolidating here you can see we're just testing alltime highs this was the pre ETF move as the market started to price that in and then the etf's got priced in here so a big move right I think that was about 150 180% something like that big consolidation then you had the market pricing in that Trump would win and become Pro crypto now what we're getting here is another consolidation and what is to come legislation through Congress potentially um a favorable SEC Sab 121 is going to be repealed Banks can probably
now hold crypto assets all of this is very very good news and of course we have the rate cutting cycle potentially um starting to uh fire up again later on this year uh there's a lot coming out there's going to be a lot of volatility here things are changing Trump's doing executive orders left right and Center so a lot of volatility but I think generally pretty positive for risk assets and I'll explain why throughout this video so if you don't have a buyit account yet go and get uh a $330,000 deposit bonus via the link
below in the description just sign up on there make a deposit you can get a deposit bonus all the way up to 30k but whatever you deposit you'll get some sort of bonus a lot of people can't trade on bybit um so use by bit's deck which is Apex you can just sign in with a crypto wallet trade futures or spot on here permanent fee discount by the link below as well so check those links if you want to go ahead and trade we've actually sold off significantly from the all-time high we hit yesterday around
109,000 but the market was getting way too excited about a strategic reserve and Trump doing an executive order to create this Reserve that's absolutely insane that has to go through Congress right and so you know the federal government putting Bitcoin in their balance sheet just seems absolutely insane to me and would completely shake up the way that the world works and there's just not really a lot of upsid doing that right now right sort other things out first however what is bullish is that I've seen a lot of States doing this now which is actually
making strategic reserves they want to invest public funds in certain digital assets this makes a ton of sense individual states with local and state taxes they receive those taxes they need to invest those funds in bonds or stocks or digital Assets Now this is bullish this is just the undercurrent of money that is you know very time insensitive and just putting public funds into assets like BTC this is very good news we also have this which is Sab 121 is going to be repealed that prevented financial institutions from holding crypto repeal that big Banks can
get involved that is New Pools of capital that can get into crypto which is very very good we have a new SEC chair as well who is pro crypto which is the complete opposite of what we've just had this is the stuff that sets us up for a very very good ball Market where you have new pools of capital coming in prices going up people chasing that so I think this is very good news the rest of this year there is a lot of positive news to come this year I think but we have to
always look 6 12 18 months into the future because we can't trade for the now that doesn't make any sense if you're trading Ultra shortterm then look we're right here and we could have another 30 to 40 weeks of this bull market this white white line is kind of the average time Horizon for a Bitcoin harving cycle so harving here very bullish into this which would usually be some sort of price Peak so we have the latter stage of the bull market left to go which is great so if you're trading shortterm I still think
there's short-term trades to be had to the upside if you're trading up here like if we're in 6 months time and you're taking short-term trades here there is no reward in that there's only risk because you don't have a bull market after a bull market right this is the Bitcoin cycle I believe in it because this is the macro cycle really the Central Bank cycle and I still think we have those Cycles so we're in a rate cutting cycle now where everything is pretty bullish and the Central Bank wants to actually create inflation which is
why prices are going up so we're still in the good part just remember if you're here buying then you've still got time to go if you're buying up here that's not a short-term trade and if you're a long-term investor that's fine but up here it's like just not cheap Bitcoin not cheap altcoins down at this level when prices are around this midline for Bitcoin or below that's very good value that's where you should really focus a lot of your buying in up here trade shortterm or just be a long-term investor right and then obviously up
here there's just not really much left in the cycle so I think we still got a decent way to go however there's a lot of uncertainty here because things are changing right so I'm want to go over that there's a huge amount of debt in the states they run a massive deficit that's creating inflation and creating GDP which is actually good for assets but we've got this Doge that is now official that wants to be cutting out stimulus from the government side that means we need we need inflation from the private sector you need to
incentivize Banks to create credit you need to incentivize investment from Venture Capital you need to incentivize businesses to grow you need interest rates lower and you probably need asset prices to go higher because like Luke Roman says you need GDP to be above the interest rate that you're paying on your debt that is absolutely vital so that you grow the debt to GD you grow the GDP to debt because debt to GDP is too high you don't cut debt out that's impossible you cannot cancel money cannot cancel that stimulus right because you just create a
massive financial crisis so what you need to do is grow the GDP side how do you grow GDP you create investment you create activity and you pump ass assets higher assets going higher is the GDP inflation that we need because that creates a wealth effect everyone sees prices going higher it creates some stimulus in the economy but when that gets too much which it probably will because Trump's going to pump things right I you just see the guys pumping markets at everything right when this gets too high the central bank's going to say whoa whoa
whoa whoa things are too high inflation's you know starting to Peak up unemployment's too low we need to raise interest rates again that's the next bare Market but I don't think it's happening for a while we still got another you know 3 6 n months right up to this but just to be wary establishing and implementing Doge it is a thing and they are going to apparently cut some government spending the thing is here right is that government spending is the thing that is responsible for high GDP right now you can see this the deficit
is 700 billion the total outlays are 1.7 trillion the receipts are just over a trillion you've got a deficit of 700 billion if you start cutting this down you start reducing stimulus reducing GDP and reducing inflation that is a drag which makes debt to GDP worse and everyone's going to get scared and the Market's going to sell off we could get that if they start cutting and you actually get a slight drag on GDP Midway through this cycle this bull cycle we could get this scared uh Market where it thinks whoa GDP is coming off
start selling off if the Central Bank thinks it wants to stimulate Again by cutting rates then it can do that but that is some volatility that we may have to go through right I think that's actually good news generally because I think interest rates come down more stimulus right so that that's not an issue but if they do cut this just be aware of it now again if they do cut this permanently they need to pump asset prices in the meantime to create GDP and inflation because if stimulus comes out the government side they need
a private sector to push it up Which is higher assets that's why I'm in Bitcoin I think just over the long term we are going to price in a ton of inflation and Bitcoin is the play there right but there's some volatility that could happen because of all the changes that we just don't know how is going to play out right now so that's something to be aware of this cycle still great you can see the NASDAQ Index right here which is kind of a benchmark I'd say for Tech investing or with 20 up 20%
the last year ethereum has outperformed it but you know not by much then you've got Tesla and then you've got some top 10 coins kadano B&B salana Bitcoin and orange here you know this is a a great bull market that we're in I think it goes on for a bit longer but look altcoins have not really started outperforming Bitcoin yet uh and so maybe season is still ahead of us just to confirm where we are in this current cycle as well this is net unrealized profit and loss so the Bitcoin network is confirming losses or
profits when the Bitcoin network is confirming lots of losses that's where you want to be buying down here is the best value crypto uh and altcoins follow as we get into greed that's a top of all Market here and here so we're in belief right here and we're moving up into it which is good moved up into it confirmed and and now have bounced again so I still think there's way to go and you know short-term trades can work as we get up here into Euphoria and greed no new short-term positions no new leverage positions
it's all risk and no reward at that point but look you can see things are looking pretty good and we've got a lot of uh potential positive news for as well so still pretty positive now if you do trade crypto buy bit 30k deposit bonus down below if you can't trade on buybit apex is buybits deck you can get a permanent fee discount by that link as well down in the description I'm James is myg than for watching and I'll see you the next one
