Bitcoin or Solano what is a better investment in 2024 we’re going to discuss that also we’re going to talk about salana we’re going to talk about Avalanche ICP is pumping over $14 we hit 20 bucks by the end of the week we have magic internet money
Joining us for some charts and we have one of our favorite guests Gary Cardone joining us with this bait Bitcoin salano or any other altcoin do not miss today’s show let’s get into It it’s your boy Big Rob back in the house welcome to Sin City crypto if it’s your first time checking us out we are the entertainment Focus crypto currency Channel we take old born stale information repackage that thing up in app 45k is the new bottom what
45k support it’s the bottom we’re not going under anymore what do you think no no no we dip under 45 what if the ETF goes live tomorrow we’re literally one we’re literally 100 bucks over 45k what are you talking about you all right yeah we are good man we are at
4,200 so we’re actually $200 my apolog I’m telling you man I have a suspicion ETF will go live this week we won’t dip under 45k anymore what do you think no no I think a very very short term under 45k is I you’re just not giving yourself enough
Room a 100 bucks 200 bucks no you can see a scam Wick dropping down under 45k you know what’s not a scam salana is not a game let’s talk about it salana or Bitcoin what’s a better investment for 2024 so a couple things in regards to salana salana flips ethereum in monthly
Nft sales volume for the first time in history we saw them flip ethereum for the first time ever in Dex volume we see salonus tvl double over the last one month I remember when I did a first Salon video we’re at like 600 million in tbll we are at 1.5
Billion dollar in total value locked for salana and once Jupiter goes live the much anticipated Dex on Solana once that goes live can expect this number to jump up to three4 billion which you put it at number three behind only ethereum and Tron uh speaking of Jupiter uh this is pretty big which
Again would bring a lot of value to the salana network Jupiter exchange co-founder just hinted that soon you’ll be able to trade stocks Forex and commodities all in one place on Jupiter exchange we know Bitcoin is King Robin but who will be the king of 2024 will it be Bitcoin with the ETF
Narrative with the having narrative or will it be salana onboarding millions of users bringing in billions in total value locked what say you it’s going to be salana man what I’m not saying that salana is a better long-term play when you look out further than say four
Years but going into the next cycle I do believe that salana will outperform Bitcoin as far as gains I don’t think that’s a big reach either right because in the bull market you do get some large gains from Bitcoin say goes up five fact 5x maybe a 10x but we know that
Historically the altcoin markets rally harder during the bull market and that’s because there’s a smaller market cap it takes less money to move the markets but Bitcoin does outperform altcoins during the bare market and what cycle are we in now we’re going into a bull market so at
This point know if you have a deep CA position on bitcoin hold strong however you’re looking to enter in some new chunk buys buy pick up some uh some some tokens something outside of DCA well it’s time to look at the alt coins 2024 is going to be the year of
Making money in alt right why do we right why do we not have a salon Emoji we don’t have a salon Emoji no you’re the we need more members we do got a new whale member uh which we just added them to the credits as
Well was it big dogs Chris I think it was Big Dog Chris yeah Welcome to our newest whale member if you guys would like to become a whale member well sign up uh and then also uh let’s get uh the like button going let’s get this thing
Started uh let’s get 2024 off with a hold on hold on we’re not done with this conversation yet relax you think whether having an ETF with accounting rule changes is coming at the end of the year you think salana is going to outperform bitcoin yes what do you okay what’s what’s your top
For what’s your top for Bitcoin this year yes about 160k so Forex you don’t think Salon Forex this year yes I think all eyes are going to be on bitcoin all the money once people see Bitcoin hit 48 50k institutions Pile in uh reports start coming out Fidelity’s clients show that they’ve
Moved one to two% of their assets into Bitcoin bam and everyone’s like oh my God I don’t want to miss the publicit high bam money starts flowing in to BTC and then same old same old the way the money flow Works Bitcoin ethereum midcap low and then low caps and meme
Coins that’s how it’s going to be Rob you’re wrong you’re wrong I am super bullish on so you’re you’re saying that this Market cycle is different than everything else and that Bitcoin is going to outperform the altcoins Bitcoin has always led the way it has always outperformed the altcoins to start a bull
Market Bitcoin lifts all boats is a tide to lift all boats in 2024 we will hit a top on bitcoin and the entire altcoin Market will rally harder than Bitcoin percentage wise and so what is going to have a larger percent gains is is going to be salana everything every major layer one
Will outperform Bitcoin this year every major layer one every okay xrp is going to outperform bitcoin you are higher than right now bro Sal is going to outperform Big hold on no no no no no no xrp is going to not perform Bitcoin yes have you not looked at historical
Data what happened last what happened in 2021 Bitcoin 10x what did all the altcoins do cardono went from less than 5 cents to $2 B&B went from less than $5 to $400 salana went from $2 to $20 and something dollar uh the ethereum went from from 100 bucks to
$44,000 give me one layer one that didn’t that did worse than Bitcoin last bull market and then copy and repeat 2017 and so if you’re going to sit here and tell me that money that bitcoin’s goingon to Rally hit an all-time high and it’s all going to be locked up in
There nobody’s going to take profits and nobody’s going to do any djen plays and layer ones aren’t going to out perform Bitcoin I don’t really understand that narrative I really don’t that’s not what I said we’re talking about 2024 we’re not talking about next year we’re talking this year all eyes are on
Bitcoin okay let me ask you a question does Bitcoin hit all-time high for this cycle in this year potentially it can what do you mean it can it can it absolutely it will that’s the thing the market Cy will hit alltime high this year and then the the the bull
The bull market will end and we go into a bare Market in 2025 2025 will still be a bull market I don’t think we’re going to be into the depth of a bare Market I don’t think it’s going to be the Magnificent collapse that we had last last Market I
Can’t believe you said xrp is going to outperform bitcoin this year you’re high check xrp has literally not moved it’s at 60 cents chat let me ask you let me ask you a question who will have larger percentage gains this year will it be xrp or will it be Bitcoin who will have
Who if you bought $10,000 wor worth of either token which one will you make more money on by This Day next year will it be xrp or will it be Bitcoin put a one in the chat for xrp put a two in the chat for Bitcoin one xrp two
I I don’t understand why you think it you’re like delusion like see I could see a case the coin that hasn’t moved is GNA outperform Bitcoin with a flood of money about to come in makes a lot of sense what do you mean it hasn’t moved
The token hasn’t moved it went up to 90 cents after the summary judgment came right back down and everything’s pumping xrp 60 cents 62 cents 65 cents 60 cents in 2017 it moved from 20 cents to $3 and then from 2020 it moved from 18 cents to a150 uhuh so and
So I I don’t understand what how you think there’s going to be such a a low return on xrp I just don’t get it man it I’m not saying it’s going to be low but it ain’t going to be more than Bitcoin uh do you want to give
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Visit blue tech.com or click the link in the description of this video I’m let me ask you a question you don’t think that xrp will not outpace Bitcoin let ask you you’re telling me you don’t think xrp can 3X 3X sure can it 3x yes but will Bitcoin
More than 3x yes you just so you think it’s going to be above I just said 160k which is like a 5x four and a half 5x what does the chat say by the way we didn’t even look at that uh we had uh a lot of xrp homers in
Here huh look man a lot of ones yeah I’m xrp will still H will still make you moneyy I’m just saying this year Bitcoin will make you more money than xrp will make you more money than salana we will make you the only one I will say
Potentially you can get more gains out of is ethereum that is the only one because of a potential eth spot ETF I am looking at narratives I’m looking at what is going to happen in 2024 what is currently happening in the world what are some some shocks to the market that
Can happen I just don’t I don’t understand did you forget the last cycle so you’re telling me altcoins will not outpace Bitcoin this year no this year will there be some small ones that pump the from 100 million to a three 7 800 million Mark cap sure but you’re over
Here saying every layer one will I perform Bitcoin you’re crazy Sal okay Bitcoin is 2x salana has went up 10x already exactly exactly and you’re telling me if you get an all-time high from Bitcoin that salana is just going to fall asleep it’s not going to fall asleep everything
Will gain value I’m just saying I’m gonna freaking write this down yeah write it down take a picture too I need a pen too bad uh January 2nd the man has so much conviction that the 2024 all of 2024 all the gains that Bitcoin makes we going to stay exactly
In that ecosystem and nobody’s going to speculate and all coins will not that’s not what I said you have fresh Capital that’s going to be coming into Bitcoin not into salana not in xrp that institutional capital is not going xrp get that through your head it’s coming to bitcoin there’s a reason
There a Bitcoin ETF not an xrp ETF and history’s out the window Bitcoin is going to outperform the rest have we ever historically had an ETF spot no Jesus all right let’s look at the markets well first let’s look at this so this is uh some potential bad news
Here this wasn’t covered yesterday and I’m I’m curious because this I believe this came out after we went live so a US judge has ruled that tera’s us stable coin and the Luna token are unregistered Securities um this could be a potential I don’t want to say Smoking Gun but a
Potential Trojan Horse an ammunition source for Gary gendler to go to court and say hey look Luna is a security and as anr the security what’s going to stop him from saying everything else after Luna or before Luna is also a security minus Bitcoin I don’t know uh this is this was
This was underreported in my opinion and this is not good uh I understand you know the whole eal system and and yield farming and and you know uh you know anchor protocol where you were earning 20% on your us it’s uh this this is this is not good
For the for the industry this is no bueno uh then we have this also no bueno this is tweeted from hotep Jesus banking reserves okay banking reserves required reserves of depository institutions uh has completely fallen off a cliff so we were after the 2008 crisis Banks had to hold more money had
To hold more of your money at the bank and since 2020 well it’s been a free forall don’t worry uh you have a trillion dollars in liabilities you don’t need anything sitting in the bank account it’s fine we’re going to be fine uh which is why few of the banks went
Under last year which is why Bitcoin rallied and will continue to Rally speaking of Bitcoin and rallies we have magic in money joining us as he does every single Tuesday to break down the charts magic how you doing man is he there well will you patch him in Magic what’s up
Man and he’s muted magic sorry take two can you hear me we can hear you bro how you doing man all right I was saying Happy New Year happy New Year brother Happy New Year man can you talk can you talk some sense into this guy over here he’s over here
Saying xrp is going to outperform BTC in 2024 you already spoke Rob let Magic listen um no thank you Jesus Christ can’t believe he’s saying this even if it does even if it does and you have exposure to it there’s nothing wrong with that just you know strategically
You know it’s one of those things where like you can have exposure to assets like that just uh maybe a small portion of your you know your funds it doesn’t have to be all or nothing so there’s nothing wrong with thinking that way it’s just don’t put all your eggs in
That basket there’s definitely things wrong with thinking that way magic you’re just being nice you’re just being nice let’s it’s a new year it’s a new Leaf for me so yeah you know I’m just turning it over it’s a bad Leaf turn it back
Over all right uh Magic I I do want to take a look at the markets here we have you on uh so uh here let’s go to let’s go to Maya no you can pull that up that’s fine we’ll go here first Bitcoin 45122 I believe we breached
457 got rejected um what is um can you maybe explain as you’re as you’re going over the chart explain to the viewer maybe someone who doesn’t understand charts and and and how to truly read them and to to decipher how the markets are feeling but when you’re
Seeing a continuous retest of a number and it gets pulled back down and then we start settling looks like we’re making higher lows is this a net positive if we zoom out maybe three six 12 months for a BTC or is this showing a negative that
We can’t break Above This 458 46k level and then start to creep up towards 50k I’m so glad you brought up the uh the monthly chart um because that’s where we’re going to start we’re going to start on the high time Fram so um yeah I mean when you when you’re looking
At the chart right now and you’re starting on the high time frames like we always do you can pretty well see where we’re at you know this is your monthly chart this is the last monthly settle up so to speak um the last closure before
We pretty much nuked and if we went out a little further to the 12 month for instance you would have uh couple different levels this is actually the same box I’ve been kind of Shing you guys for a little bit it’s underneath the uh the little platform here in in
This side right so this is what we’ve been looking for this is a pretty big area on the chart um does it inherently mean that price is going to be bearish right here no but you did have a really nice monthlong consolidation up here and
Most people are going to look at it and say this was a triangle right you can see exactly how that forms right here um we were looking at it potentially as a ascending triangle as you can see that this was you know very well respected
From oh about right here on over and you could you can kind of see the higher lows starting to form the question is will it hold the previous highs and what’s really really nice about the setup that was given is that this is your 2023 high right so
Make it white just so it looks a little different and this is the highs from last year you need to hang on to these if you start breaking down below these you really do start looking towards averages of the previous year um coming into major resistance so I’ve been
Saying that if we’re going to see a pullback it’s going to be in January it’s going to be the first quarter of uh 2024 so the setup is there um you know and just like we just spoke about the 2023 highs your 2022 high is equally as important right over here at
48207 okay so if you were to break and hold Above This 2023 High continue up 4827 is kind of your next major Target in terms of like a local high anything above that and you start looking towards 52 kind of just looking towards the local highs here and I really do think that’s
Just that’s getting super extended so you you’ll see me on Twitter say don’t chase the last eth don’t ch the last you know uh whatever it may be of a move and I’m not saying that the bull market is over I’m just saying you know pullback
Is probably coming um could I be wrong on that absolutely but it is one of those things where I’m making plans to buy in at different levels um and this is just giving me the setup so as soon as we start breaking back below about 44769 and living there I’m starting to
Look lower uh you could very very easily do something as simple as looking towards like a new yearly pivot a new monthly pivot which is statistically we’ve never not hit in this case so 34521 here but the monthly pivot is what really draws my attention and the reason
Being is in bitcoin’s history you’ve never missed three monthly pivots in a row and you are coming up to the third one here that hasn’t been tapped essentially well technically this is the third month so you’ve missed the last two you’ve never missed three in a row these are just
Averages of the prior consolidation price uh prior session so you know logic says that I should be looking for this to mean revert back to 41,5 if it does so what does that mean for the overall trend doesn’t mean it’s over but I should start making plans for
You know where am I looking to add at lower prices potentially over the next you know 30 60 990 days we could could see a retest of some support and I want to be prepared for that so I’m not looking to add any positions here I’m not looking to get too excited I’m
Literally taking this level to level could it push higher from here yes but again if I’m a buyer in a buyer’s market which I believe this is I’m looking to buy low sell High correct so you know that’s where I’m at um you’ve come up to some major resistance we outlined that
On the monthly and the yearly chart time to I wouldn’t say relax but you know time to let price do what it’s going to do and if you’re an investor especially start making those plans and then executing accordingly without putting yourself In Harm’s Way um don’t be
Afraid of fomo don’t be afraid of you know jumping in when you shouldn’t be yeah I think a lot that’s kind of my viewpoint and that’s great magic I think a lot of people are kind of you know the it’s used as a joke more so oh when uh
When your neighbor asks you about Bitcoin that’s the top I I do think this year is going to be a little there’s so much Buzz around Bitcoin the ETF even when all those people are going to start talking about it the money is just going to continue to flow in I think people
Are really starting to realize the the benefits of holding Bitcoin and especially with what the not only the government here in the US is doing but across the globe with cbdcs uh with loose monetary policy just spending money spending more money than they bring in I think people are
Realizing it and they’ll continue to realize it and then now they’re going to have a product in front of them to where they don’t have to jump through hoops to buy Bitcoin and store it themselves I do want to ask you for one more chart magic
Um did you have anything to say to that by the way no I was gonna say I agree I actually think this dip is gonna be shortlived um I think it’s gonna be a very quick dip and those that are prepared for it will take advantage but
I think it’s going to be one that you’re going to want to be a part of uh long term because the having is coming as you said potential ETF on the horizon um there there’s a lot to like about the Bitcoin chart in general even without
Those bullish events so uh yeah I mean if you get a dip you should definitely take advantage in my opinion Amen to that uh I want to ask you for one more chart IP is up 3x over the last 30 days up 2.7% over the hour 133% over the 24
Hours uh it hit 15 bucks and it’s starting to come back down a little bit uh what’s a key level of support you’re looking for uh with this recent Rally from ICP If if someone wants to uh to to load up but they want to wait for the best possible
Price let’s have a gander at ICP because we haven’t actually looked at that one in a little while we’ll start with a fresh chart as we always do this one’s been beat down pretty hard we’ve talked about this before um you know this is your yearly chart so again you’re you’re
Looking at previous year highs here in terms of a setup for a short which nobody wants to hear uh but you know 2023 Highs are right around 1533 main reason being is I believe that is also your yearly pivot for that year so if we
Go out to um 2023 this was actually the average of price coming into the prior year uh CVO in the group was really really adamant about this Target and we have since hit it so 15 bucks going to be fairly important in terms of just averages right from there you’re looking
All the way down to 10 for the next year’s average and that’s a that’s a level that’s going to be good for the next 12 12 months so uh $104 right off the rip is something just to have in mind but you know as we start cruising through the time frames and
Saying okay where are we at on the chart is there anything else that we can use outside of the average of price because realistically you don’t want to put all your eggs in one basket it’s tough to find resistance on the way down because it’s just been straight down um one of
The for lack of a better terms it’s one of the more poor charts in all of crypto but but uh when you look at something like this and you see a you know quarterly chart like so right so you can see that you have your next quarterly
Low here and you’re actually budding up against it so to speak you know can we find acceptance Above This $15 level and if so where are we going to go especially if we don’t have any other markers to work off of um you do have one monthly level here so we do have
That go ahead and Mark it and we’ll make it a different color just so it sticks out right so you can see right here coming into 2022 this was an area of consolidation so it is going to be fairly important and go to where you’re starting from you can kind of see how
This is shaping up now you have a small local range here uh starting in what is that quarter one of 2022 so for me what I would normally do is just pull the entire quarters range and see if maybe there’s a point of control or if there’s
Any kind of uh indication of what I should be looking for and the POC of this range if cleared $15 you are looking up to $20.98 it is a 33% move from here uh it’s also your point of control it’s not naked by any means meaning that um it’s
Not left untapped but it would give you a little bit more Confluence that if you do flip this like $15 region a $20 Target’s not Out Of Reach by any means and that would be an area that I’d be interested in taking profits just because you know if you
Start getting above these highs and then losing them you don’t want to just be all in that hey we’re going to run the highs and this is going back to all-time highs you want to make sure you’re paying yourself uh very similar to what we talked about on near last week
Actually um we talked about near getting above I think it was like $3 and some change and if it did where would we go and I think it did run that chart so to me I’m just looking at prior ranges and I’m just going off of historical data
Which right here on the high time frames is most important to me and that would be how I’d be play playing it the next area I’d be looking for is $20.98 but only if you cleared 1533 outside of that um $148 very very important um you know and if we were to
Put that level back on the chart just so you guys can see it it is right here kind of smack dab in the middle of this last consolidation so you know if you start losing this level right here you can kind of see how things start to get
Out of hand and you reenter this consolidation down here so um very important for if it is going to pull back here or consolidate that it does remain above 1048 or at least hold on to it um on a meaningful time scale what I mean by that is like a weekly monthly
Chart um and you know maybe it chops around it a little bit but realistically it’s untapped it would be a Target just like this got hit on the exact last day of the year ironically uh this would also be a Target I don’t know the statistics of ICP and hitting these
Targets like I do Bitcoin uh but on bitcoin it’s close to 80% so um you know have to work those up on ICP just not as much history so it’s not really worth the yearly chart in that regard but yeah that’s how I would view it above 15
Looking for 2098 um below it still looking for 1048 and needs to stay above that realistically awesome you know magic uh you started off by saying it’s one of the ugliest charts in crypto uh to be fair ICP got kind of hosed by by Sam and FTX uh the the tech I’ve done
Research in ICP the tech is phenomenal um they they have their own Oracle service they do their own uh cloud storage onchain they don’t use anything like Amazon or Google Cloud which a majority of blockchains use uh and they’re a layer two rollup solution for Bitcoin right via their canister so lot
Of amazing tech there the only question is is it going to get adoption and if it does this thing could Skyrocket cuz a lot of those tokens about 200 million of those tokens are currently locked up uh so all we need is a big demand St to
Come in and we can see new alltime highs for ICP magic we love having you on the show my friend uh how was your New Year before we let you go real quick and then uh we we’ll show your website here it was uh it was pretty good I went roller
Skating with the kids so pretty uneventful we we did that whole bit turns out I’m still old and uh I’m feeling it today still you know yeah four hours of roller skating was definitely tough so it is what it is that’s why bust my ass like one time so
That is why I do not roll Escape my friend I stick to crypto less uh taxing on your body you know guys if you want more magic internet money we did pin his website to the chat go check him out leading crypto.iq all right Robin all right so
Uh you like to speak yeah I wanted to do give a little love to the chat here uh if you are new here we’ll say hello we could drop an Ola back at you uh we have a few new people I have T-Bone chaosic Inc gono Luis Alfonso Brandon Perez uh
Ferrera B Frank Krypto and to all of you Ola welcome s also do us a favor the like button we got 100 likes 230 viewers so uh not quite 50% so one out of every two people here watching it’s not like the video going on great math thank you speaking of
Great we have the great Gary Cardone joining us for the third time I believe uh so let’s bring him in Gary how you doing hey guys I’m having a bit of a problem hearing you so I’m not sure if you can hear me but I zero words I did
Couldn’t hear your audience the the other speaker okay so we can hear we can hear you let me know if you can hear us now nope nope okay so I work to on board Gary uh I’ll kind of go over a couple things I have here so just to look at
The rest of the markets here guys we went over Bitcoin uh it is oh look Robin it dipped under 45k so you’re already wrong uh eth $2,365 we have B&B uh back in the number four spot flipping salana yet again at 310 bucks salana I know we started off
The show and I said Bitcoin is going to have bigger gains I am still Ultra be bearish ultra bullish on salana not only for this year but for the next three to five years uh salana is is going to on board a lot of people they have absolutely amazing daps that are
Building in the in the ecosystem and for crypto in general uh salana is probably my favorite L1 more so than ethereum shoot me now I don’t care xrp stable coin 62 uh 62 cents we did have uh this piece of news here Ripple begins 2024 with their 1 billion ritual token
Unlock in two separate transactions Ripple performed its customary token unlock of about a billion tokens they do this in two sets half a million and another half a million the value of these tokens is 61 $ million now for the uninitiated Ripple unlocks these tokens as a strategy to stabilize the price of
Xrp interesting the blockchain payment firm relocks them an escort to keep the circulation in check so again not saying xrp won’t make you a lot of money but I think Bitcoin will make you more money this year cardano coming in at 61.4 cents avac over 40 bucks and Doge
Running out the top 10 at nine pennies and according to Robin this is the year of the Doge I disagree I don’t think this is the year of the Doge and something um I expected poka do to to to finish strong the end of the year I haven’t really dug into the
Ecosystem as much as I used to so you know I know they got a few things going on and the pair of chains I know they changed the format of that making it cheaper and and um easier for people to bid on and and launch pair of chains but
Man what is going on with polka dot under 10 bucks says everything has rallied massively uh and then just take a look at the crypto bubbles more of a a a easier visual here Asar is up 18% hadera up 8.4% ICP and I know filecoin
Was up pretty big today we do have a filecoin video coming later today and if you’re remember you do get access to that video before anyone else does uh all right let’s take a look here so this was Goldman this is from BN crypto.com Goldman Sachs expects crypto Market to explode in
2024 as traditional institutions enter Goldman Sachs predicts that an Institutional adoption and regulation of blockchains will mature digital Assets in 2024 this is a quote from Matthew mcder the uh bank’s head of digital assets over at Goldman Sachs he said quote when you look at collateral Mobility there’s a there’s still a lot
Of inefficiencies that are a function of systems that are men decades old when you actually start to see people adopt the technology they’ll recognize that not only can you see a commercial proposition on the forward you can actually see it today uh tell me again Robin why xrp is
Going to outpace bitcoin I don’t know uh Quigley William Quigley co-founder of uh the blockchain wax said he expects the tokenization industry to build a niche in 2024 before maturing in 2030 uh so with that being said let’s uh take two Gary Cardone Gary how you doing can you hear us what’s up
Man how you been brothered yeah let’s see we’ve had all kind of little that’s okay um you know what let’s uh le le let’s let’s work on that real quick and I’ll kind of uh I’ll kind of continue on the show um but anyways back to this Goldman Sachs report here
Um people always say right this time is not different but when you truly look at what we’re going to have this year versus what we’ve had the last 14 years 13 years we’ve never had legal Clarity around Bitcoin we’ve never had traditional rails for people to invest
In Bitcoin coin we’ve never had the ability for a financial advisor to sit down with their client and tell them hey you should put some money in Bitcoin it’s been illegal until the Bitcoin ETF goes live and that is why I am saying and I said it at the beginning of this
Damn show Bitcoin will have the most gains in 2024 when I say most I mean out of the top 25 out of the top 50 right there could be some micro cap that that that zooms and goes up you know 20 30 40x sure but for the solid projects right we
Talk about Bitcoin is the tide that lifts all boats and if any if if there’s any time in history where that is more true than ever it is now and so if you’re fading Bitcoin because it’s an old dinosaur because it only 5x is think about it and a one trillion one trillion
Market cap commodity 5X in a year we are so spoiled in this industry that a 5x in one year is like oh man this is this is terrible no it’s not terrible it’s absolutely phenomenal it’s great and it’s super bullish uh then I have this I want to share it’s from autism
Capital imagine not having crypto going into one the craziest election year ever two this one I’m just not really a fan of this one I’m not even going to read it uh three interest rate Cuts four money printing five increased natural disasters not sure where that fits in uh
Bitcoin ethereum ETFs and Bitcoin hings it’s your hedge against 2024 allocate accordingly I do agree that Bitcoin is a hedge against a lot of things it is a hedge against monetary against uh currency debasement as we’re seeing as we saw in Lebanon Venezuela and Argentina with uh the new president
Malay coming in and pretty much saying hey look listen Bitcoin essentially will be legal tender uh they did put that Bitcoin was going to be able to be used to settle contracts so if you have a contract in Argentina you can settle in not only dollars or Argentina pesos put
In Bitcoin as well they’re having again guys we’ve been waiting years for a spotf and it’s here now all of a sudden everyone wants to be bearish shame on all of you then we have this psychology of and by the way I’m curious I’m going
To be curious to ask uh Gary and Rob what they think will be the biggest Catalyst to to bitcoin 3 four five 6 Xing this year now this is a chart that is so freaking true uh it’s important to look at this so this is the
Psychology of a market cycle and I want I want to know what the chat thinks where do you guys think we are in the psychology of a market cycle that says compliments of Wall Street Journal um I really think we are in the phase of hope we’re in the Hope phase a
Recovery is possible we’ve made local highs we’re seeing drawbacks and I think we’re going to just slowly up and to the right up and to the right and then bam having ETF narrative election rate Cuts liquidity China everything’s just going to compact into one and then bam
Euphoria now do we think that this cycle can be broken at least for Bitcoin going into a more sustained cycle to where instead of a bunch of speculators moving money in and out you have a bunch of traditional investors who whose time Horizons aren’t cycle to cycle three
Four five years it’s 30 years it’s 40 years it’s my IRA it’s my 401k that I cannot touch that’s an interesting conversation to have as well oh and we have this you know uh Jim Kramer good guy I love him more when he talks bad about Bitcoin because uh he’s typically
Uh the opposite of what he says happens well uh not today as as he has put a stamp of approval on bitcoin let’s hear what uh let’s hear what Mr Kramer had to say no there won’t be any but I do think that the people who are
In it for that are going to use that as a chance to sell but this thing is it you can’t kill him no can’t and the late Charlie Munger who was so uh brilliant on so many things was blind to this now you can say wait a second maybe it’s all
Going to come J diamond has uh has not spared any negative words no but look I mean it’s a reality and it’s a technological Marvel and and I think people have to start recognizing that it it it’s here to stay the sec’s been against it almost the whole time yeah
Now that doesn’t mean that every one of these is here to stay but I do think that it’s about this is a remarkable comeback that was unexpected except for for all the Bulls who are turn out to be right Gensler does a lot of job oh man so uh Jim
Kramer is on our side now yay that’s probably why Bitcoin got the 45 and came back down look at look at look at this look at the price of Bitcoin when he spoke look at the price of Bitcoin now inverse Kramer you would have made a lot
Of money uh you know me you know I love macro and one of my favorite people in macro is Lyn Alden amazing book broken money highly highly highly recommend you read it if you enjoy macro so macro Guru Lyn Alden says institutions are now realizing Bitcoin is not in a bubble
It’s not in a bubble this is a quote from her she did an interview with Peter McCormick on his podcast what Bitcoin did so she said quote you see this recurring cycle and it’s done this like three times three times it’s had a higher high after a 75% draw down or
More sometimes over 90% And there’s a handful of stocks that have done that but I haven’t found any stocks that have done it more than three times so pretty much saying big crash but has rebounded three times happen in the stock Market but not three times typically that means
That company’s going out of business not Bitcoin um so he says but I haven’t found any stocks that I’ve done that more than three times and so if Bitcoin has another higher high which we can all agree it is going to have another higher high it would be the fourth time that it
Has done this she said that once institutions pay attention to bitcoin’s long history of printing higher highs and higher lows they start to understand Bitcoin is not f functioning as a typical market bubble but as an asset in a longterm uptrend that is the the breaking of The
Narrative of Bitcoin is so volatile and that is the thing and you know yeah the money is going to be great trillions of dollars excuse me is going to pour in but I think what’s even more intriguing is a different psychology is coming in a different mindset is going to be
Entering into Bitcoin the mindset of hey man I’m going to dump 20 million into this and I’m going to let it sit for 15 20 years I’m not going to sit here and try to time the tops and bottoms I’m not going to sit here and try to leverage
Trade I’ll be completely happy with compounded annual growth of 150% that is a new psychology that’s going to be entering into space I think it’s going to really help stabilize the price of Bitcoin moving forward and with that being said I believe for the third time we are ready let’s
Try this one more time Gary hey guys yes how you doing man I’m doing pretty good hey Happy New Year to you brother thank you man thank of course uh this is your uh your third time joining us it’s always a great conversation when we have you on we were on a Twitter
Spaces together uh great conversation you you said you had uh throwing some money at salana as a pure gambling specul but before we pick back up on that conversation Gary I want to ask you I want to share this and I want to ask your opinion here so this is talking
About all the narratives for Bitcoin and crypto heading into this year crazy election year interest rate Cuts money printing ETFs Bitcoin having I know some of them are interconnected but if you had to pick one narrative that you think is going to have the biggest impact on
Bitcoin and crypto which one are you going to which one would you would you pick impacting Bitcoin yeah I think the ETF has a the most major significant impact I don’t know if the prices cooked in so I I was hoping it would down a little bit but I think the Bitcoin
First quarter or so the year so the having I don’t think so so you so you think it’s going to be the ETF so you know you you brought up it being priced in some people are saying yes it is priced in some people are saying no it is not
Priced in uh for me it’s like if the liquid if the gates aren’t open yet how could it possibly be priced in right well look with I if if on January the 12th David we had no approvals yeah not doing this we hit a wall do you think the price would go
Up if we get another approval no yeah so how much would it retract off that I I I could see if if we got a Bitcoin delay or rejection I I I would expect Bitcoin to get to get to the low 30s to lose about 30 40%
Yeah I agree so that tells me that you have grand priced into this 15 20 grand uh I know we would all like but if the price were to go down with ETF approval then it has to have some into at least $2 okay um and then Gary I’m also
Curious to to get your take on on on what Lynn Alden said um you know I’m not sure if you caught any of the uh the article I highlighted here but talking about how you know Bitcoin 75 80% draw down makes a new higher high if it does if it makes a
Higher high again it’ll be the fourth time which the traditional investor uh let’s take uh I know you’re in a Bitcoin but let’s take your brother Grant Cardone for example right big into real estate I’m assuming he he invests in stocks maybe is coming around to Bitcoin now
But is it for someone like him who maybe hears about Bitcoin listen you know has a brother that talks about Bitcoin or sees it on the markets here’s about a spot ETF you think this cycle will be the narrative shift for the average investor for the traditional investor
Who maybe didn’t believe in Bitcoin in years prior to really start to gain some confidence and with that confidence use their money to to invest in yeah I I think we have less than 20% of you know real Network world has not any whatsoever I I I don’t most people are
On so it has to be just that demand I mean my easy calcul there’s 400,000 50 million or more just make some calculation put to work if they put 250 Grand each to bitcoin it 4 million Bitcoin 250 most people will investment for less than K ones are
So painful to go through I wouldn’t like I would rather just give charity the way charity it’s just a lot of work so that’s four million what if it’s million I think it’s more life yeah 35 million that is this is why I’ve always institutions drive this industry for the
Retail consumer the small use $150,000 year um you know you bring up a really good point and Gary if I can kindly ask you uh when you are speaking if you can just lean a little forward uh uh to the mic that that way the the sound could come
In Crystal Clear you bring up a very intriguing point it’s like these people we’re talking about we’re so excited about they’re going to enter the market they’re not going to come in for 50k oh let me buy a 01 Bitcoin not saying there’s anything wrong with doing that
But we’re talking some whales here we’re talking millions billions these asset managers that are that have trillions of dollars and so to your point Who’s going to who’s going to file paperwork for for 10K for 20K like you said I’ll donate to charity and get a tax write off on it so
Um very intriguing points and that is one of the reasons why I love having these conversations with you is because your logic and thinking is so different and it brings perspective to ideas that maybe us who have just been in the crypto space for a long time are in this
Echo chamber we really need some some outside uh insight so we appreciate that I do want to pick up on our on our uh Twitter spaces conversation which by the way those Twitter spaces are amazing I’m seeing you everywhere on YouTube on Twitter you’re becoming a champion voice
Of crypto and Bitcoin so uh we appreciate all you’re doing Gary and uh you said you said investing in anything other than Bitcoin is a gamble right uh can you maybe expand on that a little bit did did I say that uh um I’m pretty sure you did or at least you said
Investing in salana I invested in salana it was a complete gamble um oh listen salana play total gamble Cally held in another look you you made a really you talked about you know big money Players I think there’s a lot of people trading this Market you think you’re making money but you’re
Not really calculating your taxes this shortterm like salana for instance 70 grand to three four five weeks 71 now it’s up so fast but the truth is I can’t actually sell it at 120 because effectively selling it at 100 after the time I pay my taxes on a shortterm gain like that
So now I’m locked into I care about following the rules where I’ve got 100 Grand in salana and I really but I gotta wait now now or this thing hit so hard and I’m just out because I’m not the other way for me to how the the gam really really hard
R would I move 10 million I wouldn’t but I would do 10 million not even I mean love to have million that I could grab it never do that in and is that because I do have to consider I have to consider my ex you know um we we also kind of talked
About not understanding what certain projects and blockchains do uh there’s over 25,000 crypto tokens some are zombie chains some are still around so to really understand what everything does it’s almost impossible right so is it more of a lack of understanding or is there certain things or maybe it’s
Certain narratives or sectors of a market that that you’re really looking for example we did a video today on filecoin talking about how filecoin the project is looking to disrupt the world of cloud cloud data storage right with Amazon web services and Google Cloud where you have one central point of
Failure but if you decentralize it just like I we talk about Bitcoin is the most decentralized Network to move money and value we have the same for cloud storage are there are there any sectors that you’re eyeing that that that you’re like hey this could revolutionize blockchain technology crypto can revolutionize this
Or for you is it just hey I got my eyes all on bitcoin that that that is my focus for the next I don’t know two three four five years or is this is there other things kind of going around look and I really apologize for this S I don’t know technically what’s
Going on here today but we just having a bad Tuesday um I think about this David in terms of I have the opportunity here to Amazon in 1992 and know it’s going to go through seven eight and nine retractions but today years later I’m gonna have valuable stocks in the company the world
Why would I go play around AOL these other things that like yeah you could go Pickel maybe maybe it’s AOL like I know bitcoin’s big beast man the cracker you know it has it is appears to be invincible and I don’t know anything else human error rist has suffered Massive Attack
Internally has no marketing department so it’s done the shittiest job history of promoting itself and yet is greatest performing asset in the last six years yeah um Elon must dies go down Bitcoin there’s no I mean I like if vitalic got hey uh hey Gary we’re um man I am so
Sorry we’re having some sound difficulties here um we we we wna we want to bring you back on when uh when we figure this stuff out because we feel like uh there’s still so much to talk about with you so uh our apologies Gary we would love to have you back on again
Um and to the audience sorry for these sound technical difficulties uh but we’ll make sure everything is uh 100% ready to go next time we bring you on Gary thank you so much uh thank you for time and we look forward to bringing you on again brother take
Care uh all right that’ll do it for the show today uh if you’re a member make sure to Ping your notification Bell we got a filecoin video coming out for you in about uh I don’t know let’s call it 10 minutes you do not want to miss it
How they’re looking to replace Amazon and Google Cloud that’s going to be an interesting video um and uh that’s all I got subscribe to us uh check out our Twitter anything else else you got Robin no no no that’s it I’m just excited we we over 45k right um yeah we
Are barely yeah nope nope no we’re not you lost your bet already 449 anyways with that being said Ashley oh yeah wait sorry thank you Ashley you get a raise uh guys visit blue wich.com they are a channel sponsor they can help your business grow networking it cyber security do not miss
Tomorrow’s show we got Bloomberg ETF analyst James safer joining us on a day where there’s rumors we might get a potential approval from the SEC we’re going to break down all the burning ETF questions so don’t miss the show and with that being said Ashley thank you so much for tuning in
Big thank you to Our Guest magic in money and G Cardone you are community we love you we’ll see you tomorrow until then peace here F entertainment and info going to show you how to get that big do so every day stay tapped in for big
Facts No Cap in Bitcoin if you in and you win we divide the PIP with no fraction it’s Big Rob David I spit the game but they gave it name the cour your favorite I got dry powder why save it to the OG’s new beginners special shout out
To the well members buy dip sell winners ain’t really nothing you can tell tun in for the latest new flavors they going to teach us me coins they polarizing like barbecue chicken pizzas I laugh with a major gr lagers we trade them in baddies they came to sin and sin
Is going to play the win screaming Ola till my bags are flowing over hold y to the Moon then to the Sol won don’t be letting for more control y it’s over when the finger tornado close y sh sh City sh City sh City
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