 Welcome to July asset news to get top stories in cryptocurrency assets and break down to bite-sized pieces So today is a great day for the market Bitcoin blue past 51,000 But there may be trouble on the horizon Bitcoin is actually going parabolic according to Peter Brandt But it's what he says next in this article that really has me concerned and we're gonna take a look at some logarithmic charts Which I'm really not good at but that's why I have the guys from market are going to help me And also where all this Bitcoin is actually going into as far as the Bitcoin treasuries and the public companies So we'll get to that real quick, but first let's take a look at what is going on the market and today I woke up to some pretty amazing news Bitcoins above 51,000 which has not happened yet And I thought it would blow past 51,000 and then we would just you know go right back But here we are again. It is was February 17th 9 a.m. In the morning Nice brisk day here in El Paso. Hopefully it goes above 60 at some point. I know I said that's these are just my goals My goals for temperature wise anyhow, Ethereum 1800 tethers tether so great polka dot 263 up a little bit $30 Cardano Hang strong, you know, I thought with with the with the shift with what's going with Bitcoin We would see more of a movement with the altcoins, but not so much usually kind of goes like this Bitcoin will shoot up and the altcoins will kind of just Drag along on the coattails of Bitcoin. So we will see hopefully Cardano makes it up there XRP staying strong 1% congratulations XRP army. Don't know how you guys do it congratulations having those diamond hands and One of the big winners Binance coin and if you know if you've been on the show for a little bit You know that I'm really big on utility So with Binance coin what it's able to do all the different perks that it has I think it's gonna go pretty far I see it as a top five coin And then you know only time will tell but I think it's gonna do very very well And if I could actually get my hands on it I would What else we got chain link USD coin up there really good 13% for Monero pretty awesome There's for Monero. There's no real big news. So I'm not for sure why that went up crypto.com top 34 great Let's take a look at the sentiment. Let me blow this up so you can see what the heck I'm talking about So sentiment score Let's see what's gonna go up in the next hour. So potentially Helos tails pillows Celsius again, that's a bearish though Thor store coin never heard of that all these ones that that Have these these huge potentials Are the ones that I've never really heard of me besides Celsius But as time goes on and this market starts to really heat up The biggest gainers will be the ones that you've probably never heard of and that's just kind of how it is as far as crypto So I'm gonna have Peter actually illustrate my point right now when we talk about this initial article. So This one came across so is perusing Twitter which I like to do sometimes and this one came up and I just thought it was interesting because you know Peter Brandt is He's not a really like ra ra, you know sensationalism guy He's a old-school trader and he'll tell you like hey when the information comes in I'll change my mind at a moment's notice, but this is what we got and he's been talking about this for some time and today when I heard that He says Bitcoin's gonna going parabolic to me. I don't see it because not really I don't see those charts in that way Of course, I haven't been doing this for 45 years like Peter has so when he talks about these things I kind of listen also he was one that actually called the 2018 crash of Bitcoin So it's not like he's just pulling things out of the air. He's the one that actually got it right So what's going on here? Well Peter Brandt has noted that Bitcoin is the middle of yet another parabolic event and I'm like it's I mean it's gone up pretty well I don't I like to me parabolic just means goes like this and that's it But that's not how it is as a slay in this chart It started in late 2018 when the largest crypto was bottoming at roughly $3,100 and now bitcoins up 1,300% which we all know so great Brandt's got a ton of experience. He said he's he's seeing three Parabolic advances on a logarithmic chart and the span of 10 years is truly historic So again, I'm not a big trader not into the TA chart So I guess this is like the greatest news of all time and he has this chart right here Let's see if I can let me blow it up And he's looking all the way back from 2018 Just this this upward this upward trend and a little bit of a correction here big upward trend a little bit of sideways action Now here we go all the way to where we are at right now So I think as time goes on this could be something massive, especially this year But you always have to be aware of what is going on around you as far as like all these different institutions that are coming in And I know people say that this is different and you know, this will never go down and just going to keep going up to infinity I'm here to tell you it's not how it works and I hate to be the wet blanket and the one that's always like You got to be cautious you got to be cautious because damn it if I don't do it No one's going to do it. It's like everybody's out there just going Just you know just go out there and just it'll never go down and here's the price prediction, which I mean I make my price predictions and that's okay But I'm just here to just to give you a little bit of warning about what could potentially happen You know listen to my advice I'm not a financial advisor, but this is just the things that I see so The danger Of parabolic so in purely mathematical terms parabolic advances are characterized by the increasing angle of ascent Brand to also caution against jumping on the train when a parabolic event already becomes obvious and he states Once the parabolic move is really going on. It's way too late to be a buyer The train has left the station If you don't already own a market by the time I point out a parabolic trend Then don't buy based on my chart and you have to You have to take it with a grain of salt what peter's talking about here because peter is a trader He is at some point an investor in some way shape or form But you have to remember when he's talking about like these parabolic runs He's talking about right now There is a retracement and there are pullbacks coming and I will never tell anybody to not invest in a bitcoin right now because If we're looking at 51,000 My price prediction is is 150,000 by the end of the year So who wouldn't like to 3x their money right now? Just by putting into what I believe is the safest cryptocurrency asset That we have right now So I don't see a problem with investing when he talks about getting him in as like a parabolic movement He means as a trader you don't want to like do some kind of like crazy swing trades right now because it's just going to You know keep going up again I would still put money into in the bitcoin If if I was starting out over again me personally I'm not doing it because I've already told you that I think it's going to go to 150 And I think there will be a retracement and I'll talk about more about that later, but again Things will be This will be a fantastic bull run for 2021 as far as 2022. It's up in the air. I'm going to let CJ and Alex talk about that in a second But again, just be cautious. It's a great time But just don't think that these things will never come down because those people who think will never come down That's called euphoria and that will go away real quick when there's things that are going to be in a correction. So To finish up here It states that in january 2018 Brandt noticed that bitcoin's previous parabolic advance had been violated It was followed by 80 correlation that a legendary guy predicted great So he states 80 corrections are most common when parabolic advances are violated. So I reached out to CJ from Market rebellion because I don't really know about these charts and he said like this. Let me blow this up as well So he says, yeah, he goes look because I saw this from peter brandt this morning He says I agree january to february 2022 looks like a potential macro cycle top Targets well over 150k give or take a month. So this is the same thing we've seen over the last 10 years 11 years So it always kind of just follows this the same type of pattern There's a halving in 2012 He had an all-time high in 2013 There's a massive dip and then there's just some sideways action as far as a reset in 2015 Then we move forward same thing happened in 2016 halving massive all-time line 2017 This is when peter brandt predicted that fall which it did happen There was a dip and then 2019 we just said we just hit reset kind of went sideways a little bit peaks and valleys Now again the same thing's happening halving in 2020 in 2021 we think that this is the These all-time highs. This is not how we should be looking at it We should really be looking at just like this like in the last one just like 2016 2017 So we've got a halving happened in 2020 2021. We are right here. This is where we're at in the very beginning This is where I think things are going to go just like what CJ had said I see a parabolic bull run But then there's going to be a retracement and then a correction maybe at 80 percent or more or just a little bit less But I do think that is coming because just by history. So that to me only makes sense and then I want to show one more thing real quick And that is the bitcoin treasury. So a lot of people will say well rob You don't know what you're talking about because all the institutions are here and they're not selling. Well, okay First of all, we've got one Micro strategy. You said they're not selling great and they've got a ton of bitcoin, right? So let's just say it. Uh, it's like three billion dollars worth. They got 71 000 bitcoin You got a gallus key digital. How much do they have 16 000 bitcoin? Okay marathon patent group? Which is uh, I invest in them as far as stocks. They got 4800 square How much do they have 4700 and on down the line, right? So then you got these are the publicly traded companies here the private companies. They've got 141 000. Wow No, not gox Yeah, watch out for that gray scale that they have a ton 600. Yeah, they have 640000 and probably going up and then if you add them all up All these companies have 1.2 million which is six percent Of the total let me say that again. It is six percent of the total of all the bitcoin that is actually out there. So When people say this is different, yeah, it's different. I mean, yeah, I'll also have to add mass mutual on there I don't know where they're at. They're probably won't sell their big old school insurance company but the question then becomes If you're a publicly traded company, you are beholden to your stockholders, right? And unless you own the majority like michael sailor does over michael strategy You have to answer those stockholders and that is just the truth So if we take a look at institutions, do you think they're just like we believe in the tech? We're huge hotellers. We love you all. We can't wait to get behind this decentralized thing Or do you think they're just Here for a nice little grab and just to offset some of their losses and maybe to diversify and to hedge their bet. Well, could be I'm going to have you let's let's jump in and let's talk to alex masioli He is the head of institutional services for b-quant and he knows those guys So let's just ask him what they're telling him. All right. So here we are back alex masioli head of institutional services over at b-quant. Thanks for joining us. So alex What I was just talking about Was that I said that bitcoin itself is being held by a lot of big private companies public companies etf likes And and people are telling me that hey this will bitcoin will go up forever It will never stop because they will hold it and if they hold it then it will never get sold So we should just hold on to bitcoin forever or until the price point in the future of 500,000 to a million I believe that at some point they're going to actually sell So you deal with these guys these institutions Tell me what that sentiment is out there. Are they here to hold forever? Or at some point they'll be like, you know what we're out Yeah, no, absolutely. Thank you for having me on. I mean one of the things I agree with you Right off the bat is and I saw this on your show the other day Is we are going to hit a bull market high at some point I think that's going to fall around either december january of this year next year And when that happens there is going to be retracement And I think when that event occurs you're going to have these public companies That have bought bitcoin for their treasuries have to answer to the bottom line and when that comes There's a lot of people who's you know, look at the elan must of the world and the others And say hey, these guys are friends. They're supporting bitcoin Everybody's going to hold till the moon. That's not going to happen These guys have fiduciary responsibility to their shareholders. I think You know, everybody maybe with the exception of michael sailor micro strategies who majority owns his company But other than that, they're going to sell in order to bring cash and positive balances onto their balance sheet So I mean it it makes sense to me But I hear the whole sentiment out there like no, no, no, you don't understand They're they're going to be here forever. It's going to work out pretty great and the whole kumball, you know Let's all get together and rally around and kumball. Yeah In business. It's a little bit different. So that's how I kind of see it I just want a little bit of a backup in that In that same regard. So also you guys did a video three days ago, which I missed where it was It was It was you you see, I mean the whole crew cj monty ryan and you guys had called The end of the bull run when? Yeah, absolutely. Uh, december of um december january latest of 2021 to 2022, but yeah the end of this year pretty much I'm looking for it for it to peak and hit its top probably end november beginning of december Bonus question. So what are you going to do around that time? Well, I think there's going to be a heavy retracement. Um, it's historical and so when that happens I've been in this game for a little bit now with bitcoin to have a good price Cost basis to it. I think I'm going to take some profits on my bitcoin and when that dip comes I'm going to buy back in Um rather than hold through it Sounds like a plan like cj said nobody everyone broke uh taken profits. All right, never All right, man. Thanks for thanks for coming in. Let's let's jump back All right, so I hope that made a lot of sense I want to thank alex again for coming on and setting things straight You know, he's one of the few people that I can turn to to see what is exactly going on in that institution side Also as a little psa. Just want to let everybody know that uh, our D news stake pool is almost at capacity right now The capacity is around 63 million. But towards the end of march, they're going to cut it off at 32 million. That is the cardano foundation So, uh, we're doing pretty well. We're at 48.6 percent. So if you want to delegate To one of our cardano stake pools, uh, there is a link in in the description of all all the videos And you can go there. Let me just pull this up and you can go to, uh, the D news stake pool, uh, Which is right by dante just crypto and then when you scroll down if you want to take a look at what's going on There's D news one and D news two and it'll pull up all the information here is, uh, the information for The first stake pool, which just so you know, the industry average is between four and six percent And our return on eta for 30 days is 5.47 return on eta for lifetime is 5.57. So we're doing pretty great We're doing our job also, uh For the second one We've already got three million uh delegates and we're only gonna And this we just started this a week ago. So we're only going to take 31 million. So just so you know, that's what's going on and uh, when you take a look at it, we just started So if you pull up that information, it won't be too much right now But again, that is located, uh, that dante just crypto under the, uh, cardano staking. So, uh, that is it for today So, uh, if you made it all the way the way the end Hey, thanks for watching all the way. Uh, give it a thumbs up if you liked it. That always helps Also consider subscribing a lot of things we talk about our time sensitive and that is it I'll put two more videos up if you like these and what youtube do its magic that is all so thanks for watching I appreciate it and I'll see you on the next one