 Welcome to digital asset news. They could top stories in crypto and bring it out of bite-sized pieces today Just like the thumbnail suggests could Bitcoin go to 200k and are we on the precipice of things going pair of balls? We're gonna take a look at a couple of charts a couple of different things as far as a market cap and where we could potentially go in Q4 maybe bleeding over into Q1. So we'll take a look at that But for every good news the flip of the penny is a little bit of bad news and there's a little talk about the Fed to stop bailouts We're also going to talk about Fox the television channel our television news or our network Getting into crypto and a another video over on Dan eclipse We take a look at NFTs and finally we'll wrap it all up with a little good news from Voyager So we'll take a look at all those things first take a look what's going on the market So today it is Thursday a beautiful day and I think everybody should be pretty happy because look we're up We're up big time and we've got a market cap of 2.39 It's actually bouncing around 2.49 2.48 and around this number, but it's it's pretty darn good I think most people if not all now not all but most people should be pretty happy with their Portfolio so and then right now the daily seminar again still 50 over 100 I think people are expecting a pullback because we've gone up so Tremendously we've also seen that as things go into Bitcoin and theorem They start to flow out into the smaller cap alts I think it also flows over into NFTs and DeFi, but you know here we are and then if we take a look at coins As far as like the crypto market itself and how we're actually doing pretty good I mean look bitcoins almost 58,000 theorem is gonna probably top over 4,000 not too much time Binance coin on a tear because of their billion dollar investment into education to advance blockchain I think that's fantastic Cardano's down a little bit tether nobody cares XRP up point nine six watch it out Solana 2.5 of and everything else is doing pretty good uniswap up 7% fantastic 1.33 0.17 and so on and so forth. That's over the 24 hours. So yeah, it's a pretty good day I think most people are in and in the money in the green So let's take the win for what it is, but it really leads me to my next point Which is if we're gonna talk about The market of what's going on. I think just time to just let ourselves go and just dream a little bit I'm gonna show you the positive part and I'm sure the potential negative part So the question then is can Bitcoin go to 200k and it really piqued my interest when I saw this this this chart This is from tech dev. I'm gonna link his Twitter account in the description below. So I always got good charts, but it's interesting to me that as he pulled this up It's it's a bunch of Information and good at charting. I would say good charting from 2013 All the way and looking at 2021. So what are we looking at right here? What we're looking at is if we can take a look at The 2013 on the left-hand side, I'll get the RSI in a bit So on the left-hand side a lot of arrows right left-hand side to see red October a little green swoop And then you see red Q2. There's two green arrows Says July hammer August follow-through and then red September with shorter body That's where it parallels Over into 2021 so if we take a look at the left side and extrapolate that the right and it's the same type of thing Red September July hammer August follow-through reds and then now we're looking at red September with shorter body And that's really what Mashes up so what he did is he said okay? I'm gonna take some fractals and take a look over here if we can see that after this red September Which we all knew September was gonna suck October's gonna be better November's gonna be should be pretty good and hopefully the center will be fireworks if not January and February If we're gonna extrapolate that out and we just mirror exactly what's been happening on the left side of the right We can see that we got some pretty big parabolic candles and if we take those same cows and put them over here What do we have well? We've got a price range of somewhere in the vicinity of around 200k even 225 all the way up Depending on where do you place these candles now? This is just a guesstimate because you can't take that for you know for a gospel and say oh This is definitely what's gonna happen not so and we take even like a look at the RSI and we can see down here that it was in the Middle, but as time went on we were going towards the the overbought Territory or exceeding oversold as it goes down and it kind of pumped up and the same thing happened here We were at oversold territory in September because guess what people like yeah It's just gonna keep going down and sure did and then just and then hopefully what we're seeing in October Things are doing pretty well. So that was just a chart to kind of get you to imagine what could happen So that sounds pretty good, right? I like those numbers. I'll take 225. I'll take 250 Heck, I'll even take 200,000 Bitcoin all day long, but and then if we even extrapolate that out and go well How where was the money coming from you know because are we all tapped out? Well first of all, I will just say this The entire stock market has a hundred trillion dollars gold has around 12 trillion I think we've already surpassed silver and we take a look at derivatives We're looking at quadrillions and we're looking at real estate. We're looking at 300 trillion dollars So where's the money coming from? Well, here's one answer This is from friends of the show James the best answers and he just put around a little little math action He said look, what if we just and he actually took this from Dan Helds tweet He said look Dan said 98% of retirement accounts in the US can't access Bitcoin and there's 36 trillion dollars in retirement accounts. Let that sink in 36 trillion dollars and you're telling me that They can't get into the best performing asset over the last decade How long do they think it's gonna last if we just have them right here? So James took it out and said look same thing We took 36.8 trillion dollars if 80% of your retirement get bit Bitcoin access That's that's at 80% if they only allocate 5% to Bitcoin Here's the numbers 1.5 trillion and he takes a market cap multiplier because James is always talking about it doesn't take One trillion to increase the market cap by one trillion It's actually a 20x a little bit of money actually Extraplates everything else and you take all this in if just 5% just 5% of 80% of the people actually getting in Bitcoin's price of 1.6 million. I know that sounds unbelievable, but now saying 1.6 million Does that make this a little more reasonable at 200k? Okay. Now. I'm gonna take you down another rabbit hole So let's just say this and people will say Rob, but that doesn't make any sense Can can you imagine what the what the market cap would be? Yeah, yeah, I could and it's 7 trillion dollars. So this is nice little market cap calculator right now. We were at what 57,000 somewhere on there and The circulating supplies 18.5 million allegedly. I think it's much lower than that. We all know around 4 million is gone forever We're not gonna see that ever again because people lost it in the good old days of storing on their hard drives So let's just let's just imagine 18.5 million right mark have is 1 trillion 57,000 now if we take just you know 100,000 and For the for a crypt or for Bitcoin to go up 18.5 million you're looking at 1.8 trillion Well, it's just about another 800 billion which seems like a lot, but it ain't then of course 200,000 We just saw was three point whatever it was. So Doing all these numbers does this now seem like it's just way out of reach and we could never ever hit that Well, let me remind you In 2012 2011 when everybody got into a very small amount of people got a Bitcoin that Was unrealistic for Bitcoin to hit see me 2009 for Bitcoin to hit a dollar I read I read some of the posts. They were like Peeblee. We actually hit a dollar. We're on par with the US dollars is crazy It's hard to imagine all these things as it goes forth So that is the good part and you know what my prediction was a hundred to actually my first prediction was 150k And I dropped 130 cakes. I'm like who knows but in all honesty I'm hoping wrong But if we take the flip side of everything like that, let's take a look at someone who's been right for quite a bit of time Not on his stock to flow plan B stock to flow hasn't been super accurate lately But he has hit some pretty good numbers And he even says look these numbers that I'm giving you right now are just my technicals my analysis and he says look August I think was gonna 47k close out and it did September I think 43k and it did October he's called for 63k. We're at 58,000 How far away are we from that right November 98k and December 135k so 135 to 200 120 somewhere around there I think everybody could be happy on that and that is where it all comes down to so I know that people talk about like You know You can't really give a good price prediction because you never know no We never know we never can know and that's why it's important to do your research and you know Take your profits along the way, but really it's just sometimes and just fun just to sit back and go You know what what if? Anyhow interesting about that in the comment section Let's move on to some not so fantastic news because we need to have a little balance here St. Louis feds James Bullard States he would support Starting the taper in November to react to inflation what he's talking about here Is that St. Louis Fed Reserve president James Bullard till the present Tuesday that he thinks the US central banks needs to wind down The buying of 80 billion worth of monthly bond purchases essentially they're bailing out the economy That's what they're doing and they're printing money He would support tapering starting as early as November, which is next month and to react to possible Upside risks to inflation next year imagine this or think about this It's been more than 20 months this article states since the US central bank So they're doing its quantitative easing or as we call it printing Money like it's going out of style. That's what quantitative easing is just printing money And that was to combat the government order lockdowns and supply chain shutdowns and the you know the economy just going to toilet And that's what they did so it's been 20 months 20 months It seems like it was just yesterday that they were talking about this But here we are almost at two years. How long can this realistically keep going on where they print forever? And we don't have massive inflation They know they have to do something and Bullard even states this I've been advocating trying to get finished with the taper process by the end of the first quarter Next year because I want to be in position to react to possible upside risks to inflation as we try to move out of this pandemic The and then just for a point of reference the combined assets of the Fed and blackrock with its 11 trillion asset or management equates the 80 to 2% of the size of the entire US economy at Vanguard with another 7 trillion and you're looking at 115% of GDP The deli owns another 4 trillion for 134% of GDP total. So that's a lot. It's a mouthful I want that pretty quick just to get to the point and the point is this if the Fed starts coming in and going You know what? We're gonna stop bailing everybody out. We're gonna stop buying these bonds We can't keep printing money and guess what? Taxes, you know for the rates we got to raise them because it's got to come from somewhere We can't just keep doing this. I'm sorry And we we got all our tricks in the bag and everybody knows them So at some point we have to do this once that happens people will say to you It's okay because everybody's gonna come to cryptocurrency and I have a different theory my theory is this Institutions and big money players and hedge funds and all those people they're gonna get so scared They don't know what's gonna hit them and the first thing they're gonna do is you're gonna take a look at the crypto market and go I get this stuff out of here and only the people that really understand and have been here for a long time and know where things are going are Gonna hold study, but those institutional players are just here to make it buck. They're gone They're gone and they're going to escape into a dollar and over and in the short term It's gonna be good for them because they got their money But in the long term the purchasing power of the dollar Continues to go down and that's what the big problem is so as we see I think that as time goes on make sure That you're not holding forever. This is not investment opinion or investment advice Excuse me. This is investment payments. So I'm gonna do I can't hold forever I can't just be here and just hold like like a rock because at some point things are going down and I have my strategies my goals and not your goals, but I see this is what it's potentially could happen if this happens in the traditional market when you think about that in the comment section and Let's move on to a little bit something lighter as we talk about We already talked about these. Let's talk about Fox and crypto, which is kind of interesting. So Fox entertainment big news channels or just telecommunications channel different things they have as far as entertainment on TV Fox entertainment's division blockchain arm drops NFT market dedicated to hit TV series the masked singer and So they're gonna drop an NFT like everybody else But what was interesting to me not this yellow part here, but according to Fox and Bcl the NFT marketplace and game as a game ponzu will be powered by the illuvio blockchain I was like what the heck is that so illuvio? I had to look them up because I couldn't find them It was very difficult and look at this. We use the follow ups. Let me bring this down so you can see what I see We use the philosophies of decentralized design and context centric networking and harness breakthroughs machine learning and blah blah and videos and da da da they are What they are is their content fabric and this was an article this was from Ledger insights fox of SNLuvio partners for blockchain FTS and a part in the arm of that is the blockchain aspect of content fabric It's an Ethereum compatible sidechain or private network That can also enable NFT transfers on the public Ethereum network. So another sidechain So when people ask me like hey, what kind of a product structure I get into and really look into I'm just like just go for the big ones, you know, like if you don't really know Like I just think it's safer just to go. Okay. Well smart contracts and big platforms and NFTs and decentralized finance. Well If I got to go, it's gonna be Ethereum. It's gonna be Solana. It's gonna be avalanche. It's gonna be cardano it's gonna be those types of big players because Ethereum can't suck up everything. There's gonna be a little bit room for more I know some people just say now it's gonna be one big player and one small player and that's it and that's how it works there's gonna be a lot Of changing in the world that we can't even fathom right now in the next 10 years I think we're gonna need every single one to actually make that happen So that is what is going on Let's think about that story as far as private blockchains But again, if you don't know like if you can't get a Luvio because Luvio is a private blockchain Hey, please you got a theory So that is that and I want to finish up and just say two things first of all That story that we covered I'm actually going to go deeper into the NFTs the whole How to Spot a good NFT how to get into it and my different criteria And I'm gonna bring on Nick Mancini's from trade the chain and also he's heavily vested in his NFT project He's gonna tell us a couple of things which is Some on-chain metrics to look for different criteria and then Which products are actually good and the things to look out for you don't get scammed So I'm gonna put that over on Dan clips That's a long interview and we'll also be going on my Dan teaches crypto as I make Another section and Dan teach crypto.com my website 100% free Which is gonna be just for NFTs. All right. So that is that and then let's finish up with a little story about voyager So Here's some good news First of all Steve is uh, Steve the CEO Steve early because no stranger To making the rounds and promoting and marketing. So we just on CNBC talking about voyager and the crypto market pushing up the whole market You know as the water rushes in or the tide rushes in all the boats rise good for Steve So I'm happy about that. But then also if you scroll down a little bit, uh, this is one that I Actually where'd it go? I put it in here. Ah Let me Go down here This one right here, excuse me cleared for takeoff. So guess what here's some good news Voyager Secures the final approval to operate in europe So just so you know everything that's voyager has done so far has just been in the great 48 states, right? Um, I think uh, new york is not one of them. There's one but she can't get a voyager Correct me in the comment section, but that's just here Now they got approved to go into europe like they said they would so as voyager uh Trespasses or progresses, excuse me into eu I think this is going to open up a lot more users And then it's going to open up a lot more for the token And then it's going to open up a lot more for the exposure of cryptocurrency And I think this could be a very good thing so Congratulations for voyager for uh make it into uh eu But um, that is good, but here's a little bit of a negative That has been approved and things move slow And that is not going to uh go into full effect They're not going to be able to branch out until uh around the middle to end of q1 2022 So congratulations to voyager for getting it done. Let's see how far they can take it uh in this short amount of time All right, so look that's it. Um, I want to say if you made it all the way the end Thanks so much for sticking with me. I really appreciate you like today's video go and give a thumbs up Consider subscribing everything we talk about is very time sensitive, especially these days these next two months Two and a half months, maybe three and a half months are going to be just fireworks So I recommend to subscribe get to all the information you can not just me I've got eight different youtubers in the description, which I watch every single day get as much information as you can That is it. So thanks so much. See you in the next one