Let’s take a look at the Bitcoin chart because we know Bitcoin leads the market and we want to see what’s next. So Bitcoin, of course in a pullback.
We had talked about this. The RSI and daily chart was in the overbot zone and right now the RSI has moved away from the overbot zones. That’s very good, very healthy. So right now Bitcoin is chopping, consolidating, and I do believe the next move is coming very soon because the bulls need to defend that weekly chart where you know, I’ve been talking about how the bears were in control, but they’re losing momentum based on the MACD so you would like to see that flip green.
So the bulls are in full control there. So I think there’s going to be a lot of battles very soon where bulls are going to go very aggressive, and we’re going to see further upside. And I do believe bitcoin’s next major target is around one hundred and thirty two to one hundred and thirty five K that range. At that point, I will be taking some profits, by the way, guys, just some off the table.
That is a price point I’ve had on my cash out plan for a long time, so I want to stick to my plan. And I do believe we could potentially see a local top at that point for this quarter, but then a recovery after, you know, a brief correction, and I think we hit additional highs later this quarter, and as I’ve stated before, we could see this bull market spill into Q one of twenty twenty six. I don’t have a crystal ball I can say that with certainty or a guarantee, but it’s a probability, so I hope you understand that. And some of the other metrics that we’re watching is of course bitcoin dominance, which has been on the rise obviously because bitcoin has been pumping and you know, stake taking a lot of the liquidity, and as always though, it will top out and then roll over, and then we’re going to see bitcoin dominance drop and then all coins are going to run.
And one of the metrics I’ve been sharing with you all recently is the bitcoin mvr V. So looking at if bitcoin is overvalued or undervalued and our long term traders or even short term traders and profits or not, because remember it’s whales and market makers that are operating this market for the most part. Now, I know some people are like, you know that, what does that mean for crypted, Well, that happens in every market. There’s market makers in the stock market and much more, right, even in the FX market, so get used to it.
This is what it is, right, So we want to look at the data and to make sure we’re as educated as possible. So you know, just about like three weeks ago, bitcoin was undervalued, then it was at the neutral point, and now it’s you know, heading towards the overvalued standpoint. However, it’s not at levels that we’ve seen the pullbacks in this bull market so far, so it still has some upside here. So that’s why I’m thinking we’re going to move very quickly soon and then you know, maybe a move to one hundred and thirty two K, one hundred and thirty five K we’ll see how high we go and then a local top.
And what we continue to see is that bitcoin whales based on on chain data now right with wallets of ten or more bitcoin, they continue to accumulate, folks. And I’ve often stated that once this starts to go into a downtrend, that’s when we know, okay, they are exiting the market. So this is one of the metrics that I will continue to share with you guys, in additi on to other things like global liquidity and much more. Now, jumping back real quick to the bitcoin chart, gold has been one of the other leading indicators.
It is over four thousand dollars. It is ripping, going crazy. But this should come as no surprise. To you guys.
What have I been saying over the past two years. We are in a macro bowl market for all assets, cryptos, stock market, precious metals, real estate, so all of these things are following global liquidity. So it’s everything bubble forming right here. And what we’ve seen is that when goal runs, the other assets cool down, which makes sense because there’s rotation of liquidity from one asset class to the other.
So expect gold to cool down at some point, right as we’ve seen multiple times in this bull market, then a rotation to stocks and crypto. It’s just the same cyclical pattern over and over. And once you understand that, once you have the foundational knowledge of global liquidity, and it’s not the only thing. We should look at.
Obviously, we need to look at the data at hand, not so much what happened in the past. Yes, you reference the past, but you can’t keep staring backwards right or you’re going to trip and fall and miss out what’s happening right in front of you. So this is why we have to focus on the data at hand, folks, and things are moving in the right direction here. Obviously there’s going to be a top to this market.
Bull markets don’t last forever, so we want to make sure that we are taking profits. Like I said, you know, Bitcoin, as far as the next move hits one hundred and thirty two hundred and thirty five K, I’m taking profits there for sure, and not all of it. I’m not catching on everything, but you know, start to ladder out, if you know what I mean. And of course we continue to see B and B be a leading all coin.
It’s up folks. Over the past seven days near twenty five percent. It pulled back a bit today, but that number was higher. And we’ve seen this before with Solana, XRP and even Etheroreum, and now it’s Bnbad’s turn.
So you know, these top layer one blockchains, especially those that are in the top ten, top fifteen, you’re gonna see them each have their day in the sun. Right, every dog has its day, and that’s a good sign that we’re seeing b and b rip because again it’s another sign of us being in a bull market. All right, let’s jump into some news. We’ve got some big news here.
Fire Blocks partners with Galaxy and back to expand crypto custody for retail no institutions, so the infrastructure for the institutional investors, the wealthy individuals, the big money is being set up here. Massive on rams and the bells and whistles and the white glove service that many of them are used to in the trad fire world now being set up for crypto. So Fireblocks Trust Company, a New York State regulated custodian under the Fireblocks platform, has partnered with Galaxy. That’s Galaxy Digital backed which they are owned by the Intercontinental Exchange, which just invested in Polymarket Yesterday, falcon X and Castle Island to expand institutional grade crypto custody operating under the New York Department of Financial Services oversight.
The company’s rolling out a custody framework to meet soaring institutional demand. Hear that soaring institutional demand for regulated digital acid infrastructure, spanning ETFs, digital acid treasuries and token launches. According to a Wednesday announcement, here is a quote. Regulatory compliance and security are non-negotiable, said Matt Walsh, founding partner at Castle Island Fireblocks Trust.
The company delivers on both fronts with their qualified custodian status and robust operational controls. Walsh said, So, folks, all of this is going to lead to more capital. The institutional investors need to make sure they have proper custody where no one is co mingling, they have a top tier security, and they have insurance and assurance that everything’s going to be fine. And folks, they’re going to put billions and eventually trillions.
Into this market. If you see where everything is going, They’re putting everything on the blockchain rights, stocks, money market funds and much more. So. This is great news.
And look at this coinbase enables Staking for New York residents after regulatory approval. So, you know, with the. Opening up of crypto in the United States under President Trump and the SEC and CFTC, you know, being much more pro crypto. Now we’re seeing a lot of these things that were hindered and roadblocked for a long time getting opened up.
You know, a lot of people in New York often complain to me, why can’t I access this exchange? Why can’t I, you know, get access to staking and much more. Well, for one, New York is very strict with the bit license, and I think they should abolish the bit license. And to a lot of the big banks and the folks who are lobbying to fight against crypto, they’re based in New York, right, So you had these walls that were set up, but they’re starting to break down here. So coin based users in New York you can access ether and Salona, staking and other assets as well.
So this is really really awesome. Now, folks. This episode is brought to you by Propy. Propty is leading to charge with putting real estate on chain.
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Link will be in the description. Okay, folks, look at this news D d C Enterprise lands one hundred and twenty four million dollars in sprint to build a ten thousand bitcoin war chess. So the digital acid treasury strategy race and trend continues here. So New York Stock Exchange listed DDC Enterprise has secured one hundred and twenty four million dollars in equity financing to accelerate its bitcoin accumulation strategy to Companies said Tuesday.
The round was led by Pa Ag Pegas’s fund and Mulana Investment Management, with additional backing from OKG Financial Services founder and CEO. Norma Shoe also contributed three million dollars personally. Shares were issued at ten dollars a piece, a sixteen percent premium to DDC’s October seventh closing price. The company said the funds will be used to expand its bitcoin treasury, targeting ten thousand bitcoin worth over one point two billion dollars in today’s prices by the end of twenty twenty five.
So a couple of takeaways here, guys. Clearly this trend is heating up. Companies are buying. This is very good for our bags.
If they’re buying the tokens you hold like bitcoin, Etherorem, Solana. There’s some xrp ones out there that’s sui I think, but the majority have been Solana, Ethereum and Bitcoin. That’s going to drive up the value of the price of the tokens you hold. It’s going to create a bit of a supply shop.
And if we were in a bear market and the market is topping out, why the hell would they be doing this at this point, right and buying at this point. Clearly they’re anticipating higher prices. And remember this is all about the arbitrage on the stock price, so it’s not just okay, well we’ll just buy it, but they want to have the premium on the stock price and much more. And again, if all this is moving with global liquidity, you need the stock market to be in the ball market as well for this to all work, right, So clearly these folks anticipate higher prices, all right, Look at this Jack Dorsey.
Square offers bitcoin payments from merchants as crypto adoption accelerates, so this is pretty interesting. Square, the payments processor owned by Jack Dorsey’s Block Inc. Has launched a new feature enabling local businesses to accept bitcoin at a point of sale and hold the digital assets in an integrated wallet, a move that could help advance the use of bitcoins as a medium of exchange. Announced on Wednesday, the new Square Bitcoin offering allows merchants to accept bitcoin payments and automatically convert a portion of their sales into bitcoin.
Square is waiving processing fees through twenty twenty six, with a one percent transaction fee set to take effect on January first, twenty twenty seven. Merchants can store their bitcoin in a dedicated wallet, accessible through Square’s existing dashboard, where they can also buy, sell, or withdraw the asset. The service is available only to US sellers, including New York State, and is not open to international merchants. So, folks, this is great.
I mean, these companies are innovating. They’re opening up on an off ramp through crypto, the ability for you to spend it. Now, obviously we need to figure out the tax component, and we’re hoping the government in the United States can get that right. But you know, they’re going to be people who will spend some Satoshi’s and spend their x RP and etherorem and much more.
So. Let’s see if they open up to other assets. But you know, I think as always it starts a bitcoin as the largest asset and the best known brand in crypto. So this is really great see the innovation that’s happening now, folks, this is interesting news.
North Dakota to issue stable coin, would finn serve as digital dollar trend expands. This was not in my bingo carda North Dakota would launch a stable coin, but Wyoming would launch a stable coin. So we could see states launch our own stable coins and much more. So we got the Genius Act passed, so you can expect tons of innovation and launches and much more.
And it’s what we’ve been talking about. We’re headed to the token economy, everything running on blockchain. So the state owned Bank of North Dakota will issue a US dollar stable coin with Finn Serve, targeting a debut in twenty twenty six. The token dubbed roughrider coin.
That’s kind of a bad nailer that doesn’t sound like a good stable coin name that I wouldn’t necessarily want to use, but it’s aimed to facilitate bank to bank transfers and merchant payments. Stablecoin adoption is accelerating nationwide after the passage of it. The federal Genius Act earlier this year. So let’s see if they mentioned anything about which blockchain they’re using.
You know this, this is the part we want to pay attention to so we can take the bets on those respective blockchains. So the news follows finn Serve’s June entrance with its crypto issuance platform on Solana to the fastest growing stable coin sector. So maybe this is going to be on Solona. It looks like they don’t give full confirmation, but I would assume it’s a Solana token based token, so I hold soul my portfolio.
Again, this is where you can take a bet right that this type of adoption is happening on those chains. And we’ve talked about network effects Metcal’s law, reads Law and all that and the benefits that’s going to bring to those nate respective blockchains and their respective tokens. Okay, final news item, folks. Polymarket founder Shane Copeland teases potential polytoken.
So just yesterday, of course, the Intercontinental Exchange, the parent company the New York Stock Exchange, they invested in Polymarket, which you know we talked about was a huge capitulation. You can’t beat them, join them right, huge news for Polymarket. It puts their valuation near eight billion dollars and I think Shane Copeland now becomes the youngest founder to you know, become a billionaire. I believe it is.
And it makes sense they would look to launch a token because you now have clarity, right, even though the Clarity Act has not passed. The point is the regulators are not attacking you like Gary Ginster was. So many companies are going to look to launch a token and this is where you can participate. So you may not care for poly market, you may not use it, but if you see that, hey the masses are using this type of platform, grab the token early and you know it can make you some nice upside here.
But as always, do your own research, not financial advice. And you know, we heard recently that coinbase they now want to launch a token on their which is an ethereum layer too. They launched it without a token. So everybody’s going to try to launch a token now and with regulations and much more, with the SEC and CFTC all plugging into all these things, and you know companies are going to be reporting and those who were overseas or you know, kind of like FTX and so forth, that either regulator couldn’t see what was happening.
This is a much friendlier and working environment here where I think these companies will work closely with a regulator and they can monitor and make sure things are done right. So I think we’re going to see a lot of brands and companies launch tokens, folks. It’s the token economy, like I was talking about. I sometimes see the comments.
There’s some people who are like, Tony, are you gonna launch your own token? You know, I don’t necessarily want to, but if there are some benefits that I bring to you guys. So for example, if I was to launch a token, I wouldn’t keep or allocate a whole bunch of tokens to myself. I would keep it very open. It would have to be I would have to purchase the token.
So I think coinbase they’re doing creator coins or something like that. You know, that’s something I’ll look into. And once again, my goal is not to launch a token and then keep half the supply or you know, eighty percent, and then dump on my users. You guys know me by god right, And it’s all in the blockchains.
You can verify that. What I would do is launch it, maybe put it in a Dow or something like that. And if I want tokens, I have to actually buy it, right, so it’s fair and it’s not I’m not trying to rug pull anybody. I’m just saying this is an example.
I’m not saying I am launching a token, but that’s how I would do it. I think that’s how it should be. And you know, maybe it’s like a Dow, so you have a lot of people who are monitoring this and it’s not very sensualized and you know, again not trying to rug. Pull anybody, but very interesting.
This is only going to drive up the value of polymarket even higher. And it’s incredible. What’s happening, folks. That’s the news.
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