#1435 Anthony Pompliano | Bitcoin All-Time High Signals BULL RUN!
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That's X A P O B A N K dot com slash pump. Bitcoin just smashed through eighty thousand dollars in wall street. S can have to pay attention in this video, and they describe to you exactly how we got here.

And then I want to tell you my personal thoughts on where we're going. You're gonna pay attention. Now let's go back to twenty twenty one and set the scene.

We saw bitcoin rise all the way to sixty nine thousand dollars. IT was a new all time high, and everyone was. You fork.

We thought that bitcoin could only go higher and higher and higher, but the federal reserve had a completely different idea. They came out and they said, things are too frothy. We think that inflation can end up being a problem.

And so we are gonna a start to raise interest. Interest rates at the time were zero percent, but the fed, they went on an absolute adventure. They raise the interest rates from zero to over five percent at the fastest pace in history.

We had never seen anything like this before. And when capital gets more expensive in the market, investors get scared. And that's exactly what happened.

Investors started to sell everything, they sort of their stocks, they sort of their bitcoin and they sort of anything with a liquid market. Both stocks, bonds, encrypt, all went down when the fed started to hike interest rate. Twenty twenty two was a bruising ear IT wasn't fun and nobody was celebrating.

And then towards the end of twenty and twenty two, we got the final capitulating. F, T, X. Went down along with other firms, and we saw bitcoin puke all way down to seventeen thousand dollars.

In less than one year, we went from sixty nine thousand dollars down to seventeen thousand dollars. That type of volta usually shakes anyone out of their position, but not the big corners. The big coiners ers are trained to buy and hold.

IT doesn't matter if the Price goes up hundreds of percent or the Price drops eighty or ninety percent bit, corners continue to accumulate bitcoin and they do not sell. You can see this in the on chain data. And so at seventeen thousand dollars, big corners were just as strong handed as they were at sixty thousand dollars.

And from there, IT was up only. We continued to grind up all throughout twenty, twenty three. Now what became most interesting was, in the second half of twenty and twenty three, a brand new narrative presented itself, the bitcoin etf.

If the government was going to approve the bitcoin etf, the promise was that billions of dollars would flood into the market and bitcoins Price would go up going into that bitcoin etf approval in january of twenty twenty four become with trading around forty thousand dollars. And remember, we bought tom at seventeen and we were already back to forty thousand dollars when the E. T.

S. Got approved. And once those T F got approved capital porn from around the world, once that capital started to porn, we saw bitcoin go from forty thousand to sixty thousand dollars very quickly.

It's a fifty percent gain off of a single product being launched in the financial world. But those etf, with the single greatest etf launch in history, we have now seen tens of billions of dollars from people around the world trying to in the traditional industry. And so those bitcoin etf have continued to help bitcoin ts Price right higher and higher and higher going into the end of twenty twenty four.

We SAT there with a little bit of a kendra. We had two canada trump inherited, who both have different views of bitcoin, encrypt currencies. Everyone wanted to see, will bitcoins Price go up or down based on the election? There was plenty of rumors that this was gonna be a by the rumor, sell the news event.

But instead, Donald trump was elected in a land slide Victory. He not only won the electoral college, he won the popular vote in the republicans, won the house in the, as that type of landslide gives a Mandate to an administration to go and implement the policies that they ran on. And one of the policies that Donald from brain on was to be the first pro bitcoin canada.

He said he would protect bitcoin. He would protect biton right to hold bitcoin in self custody. And he said that he would create a strategic reserve of bitcoin for the united states. On baLance, shi the market beliefs, Donald trump, because as soon as Donald trump was elected, bitcoin took off. We have seen bitcoin go from about seventy thousand to this morning, breaking eighty two thousand dollars.

Now why is eighty two thousand dollars such an import number? Not only does that serve as a brand new all time ei, which is plenty important and will get tons of press coverage. Press covers will lead to more eyeballs.

Those eyeballs will lead the word of mouth. Word of mouth will lead to more capital. And so bitcoin becomes a reflective asset.

The higher IT goes, the less risky IT is. The less risky IT is. The more capital that comes in. The more capital that comes in, the higher the Price goes. But eighty thousand dollars was a really big point for us to breach.

Why will we go back to twenty twenty one? The high of sixty nine thousand dollars was in twenty one dollar terms. We've had a lot of inflation since then. And so sixty nine thousand dollars in twenty twenty one is the equipment of eighty thousand dollars in twenty twenty four. So going above that eighty thousand hour mark recently meant that bitcoin now has said a new all time high in inflation adjusted terms.

So not only did we get IT in nominal terms, but we also now have a new bitcoin, all time high in inflation adJusting terms, which means that bacon is winning. And so when you add up the fact that bacon is that eighty two thousand, it's the front page story on C N B C, bloomberg x business and every other financial media outlet. And we set a new all time high in inflation adjusted metrics.

S that means that wall street is paying attention. Now it's not just a wall street story though. If you look at the chart, the chart looks really nice.

There are people saying online that is the best chart on the planet. You see all the technicians pointing to a bunch of lines they drawn on the chart that simply says bitcoin is going higher. But we also have rumor circulating that there is a nation state that is buying tons of bitcoin.

Bitcoin magazine and C. E, O David Billy has come out and said that he is aware of a nation state that is already acquired enough bitcoin to be a top five holder globally, but that the country is not known. Nobody knows yet that they bitcoin, I don't know who they are, but if IT comes out that somebody has acquired hundreds of thousands of bitcoin, that obviously will get people's attention.

And then if you take all of that, you put IT together. We now are starting to see a number of different financial advisers reach out to their constituent in their clients and say, we are going to buy one percent, two percent in your portfolio. One financial adviser said, we're going to do IT for every kind.

If you don't want us to do IT, let us know by monday morning, or we're going to put a one percent position on. And so now what we are seeing is the story that big owners have been saying for a long time. We saw the bottom of adoption story where individuals first started to buy bitcoin.

They realized that bitcoin could protect their purchasing power, IT could store their economic value. And then we began to see corporations and financial institutions. Once those finances institutions started to get involved, IT was very clear that they were going to bring tens of billions of dollars into a market.

Victorin's current market cap is about a trillion and a half, but IT seems like IT is going to go much, much higher. And so the final boss is going to be the nation states in the sufferers wall fund. We already know a number of countries hold bitcoin.

They hold biton, usually because they seized IT. There are countries like a salvor, they are actually buying a bitcoin or boot on, which is mining bitcoin. But there has not been a large development that has come out and explicitly stated.

Here's our bitcoin strategy. We are going to put bitcoin in our reserves and we are going to continue to accumulate the asset when that domino falls, the bitcoin ders can claim Victory. They took an asset that literally started on an email list in two thousand and nine for the cyber punk community, and they brought IT all the way to the nation states.

Means are the narrative in today's world. In bitcoin is the world's greatest mean. That is a story that resonates with billions of people around the world. IT is a mean that has vue that once you buy bitcoin, you join bitcoin marketing team, you go when you tell your friends, and there is no greater marketing campaign for beckon in then when the Price goes up. And so bitcoin going to eighty two thousand dollars.

In having so many people that now hold bitcoin, those people will go and tell their friend the beauty of all time highs that every single person who has ever bought bitcoin and held IT today is now in profit. They have a positive story to share with friends. One of those times they are onna, share that story with their friends is that thanksgiving.

This is a highly underrated point in the market. When you have people who go and at work or at school and they come back home and then they mix with all of their old friends, their family and others, that is one of the most viral word of mouth moments in american culture. People talk about the things they're interested in at thanksgiving.

They see people that they haven't seen in a long time. And so sometimes consumer apps, they end up accelerating in growth during thanksgiving. But bitcoin is the same thing. We've all had conversations with our friends during the holidays. There are people who don't know anything about bitcoin.

There are people who know that you are in the bitcoin and they won t learn more, or there are people who may hold bitcoin and they simply want to understand where you think the Price is going. But going into the holidays with bitcoin running higher means that this will be a conversation that families and friends are having. That word of mouth will spread.

As word of mouth spread, IT will lead to more capital flowing in. Now don't forget that on top of all of this, which is quite bullish, we also have the bitcoin etf options, which should be coming live here the next couple of weeks. When those options are created, IT will give people the ability to go levered long on the etf.

My guesses that there is a lot of people on wall street who see the volt of bitcoin, and they say themselves, I want to be extra long that asset. Now what's fascinating about the bitcoin market in wall street is that while bitcoin was running all weekend long, IT was going up thousands of dollars per coin. Wall street was sitting on the sideline.

If you can only invest via the etf, that means that you are acceptable to the hours of Operations of the stock market. And so since the market closed on friday, investors were not able to investigate until monday, there was a massive dislocation. Bitcoins Price was much higher.

And so those investors walked into their offices on monday morning, scrambling to try to catch up and buy more big. That is the beauty of having an asset that trades twenty four, seven, three hundred sixty five days a year. Bitcoin does not care who holds IT.

Bitcoin does not care who's investing in IT. Bitcoin does not care who the president is. Bitcoin simply continues to produce block after block after block of transactions. IT is doing what IT is designed to do.

Remember, we had the bitcoin having in twenty twenty four, we had that supply shock, that supply shock, man, fifty percent less bitcoin coming into the market on a daily basis. But now we are starting to feel the effects of the demand shock. Wall street is at the gate.

They are pounding on the gate and they want more bitcoin. Whether IT is public companies buying bitcoin, whether IT is blackrock, fidelity bit wise and others trying to suck up as much IT as they can enter etf, or IT is traders trying to trade around this asset capital. And bitcoin are going to find each other because bitcoin is a macro O O asset that is highly sensitive to interest strates getting cut and the money supply growing.

And if we are an environment like we are today where drone power and the federal reserve have not done two interest story cuts of seventy five total basis points and likely to do another twenty five in december, that means that cheap capital is coming into the market. And in the fact that china is also stimulating their convey and m to global money supplies, expanding these conditions are rocket fuel for bitcoin. My expectation is that we can look at twenty, twenty and twenty one as a blueprint for what is going to happen.

I promised you that I was gone to tell you what my view of this market is. And here we go. If we go back to twenty, twenty, you can see that are going in to early november because when was trading around fifteen thousand dollars by march of twenty twenty one, five months later, bitcoin had gone from fifteen thousand to over sixty thousand dollars.

There is a massive appreciation in just five short months. I believe that we are going to see a similar run. IT may not be hundreds of percent because bit in the asset in the market cap much larger now.

But I do believe that bitcoin is going to get a very strong bid going into the end of the year and into q 125。 There are too many institutions, too many nation states and too many individuals who now are participating in the global accumulation race. They all want bitcoin, but there's only twenty one million that will ever be available.

If you also take into account how many have been lost, there's even less available for people in the market. Then add in the fact that two out of every three bitcoin have not moved in the last year in one out of every two bitcoin in has not moved in the last two years, bitcoin ers who are holding the as I do not want to sell. And so you have a small pool of only a couple million bitcoin.

They're actually available in the circulating supply. With all this new capital coming in, I expect bitcoin to continue on the current trend. Sideway summer is over.

We have broken out of the hyper nation and bitcoin is on the move. When bitcoin moves, the world pays attention and that's exactly what we're seeing now. So this should be a couple of fun months.

But one word of caution to all the bitcoin ders, just because somebody was anti bitcoin or SAT IT out until now. Please treat them with kindness. Please treat them with Grace.

All of us started our journey knowing nothing, and we did the work to get educated and eventually became a bit corner. The same thing is true for a whole new class of people that are coming into the market right now. Some of them previously thought bitcoin was worthless.

Some of them thought the government was to shut IT down. Some of them believe the mainstream critics, which are inaccurate, things like that, the fact that energy user ge was too high or that there was some sort of regulation burden, regardless of why somebody was not a big corner before. The beauty of biton is that we should welcome everyone into this community, and so be kind, be gracious, and take the time to educate these people.

Somebody did IT for you, and so pass IT on to somebody else. The more big corners we have in this world not only is a good for the Price of bitcoin, but I personally believe IT is good for the world. why? Because big winners have a very specific view of the world.

They look at the world through a lens where technology can solve problems that the future is brighter than the past, that simply allowing an individual to store their economic value and not have a debased away by the government can lift people into a Better financial position. IT can help to close the wealth and inequality gap, and IT can actually be root solution to so many problems across society. The bitcoin ers who have been around for a long time, they've been proven right.

Bitcoin Price is the ultimate referee. When IT goes up, IT lands the verdict of accuracy to the big corners. But that does not mean that we should celebrate.

There are still a lot of work to do. We still have to continue to educate people. We still to continue to build up the network. We still have to continue to make sure that the network is secure, and we still have to make sure that many other organizations in groups, companies, nation state and southern all funds who yet do not own the coin that they get to the point where they allocate as well. Bitcoin is a story that will take decades to play out.

It's exciting to see bitcoin working, but the story is not over, and that gets me excited because that means that the best days of bitcoin are ahead of us. Thank you so much for watching this video. Please share this with your friends and family. The more people that watch this channel, the Better off we are, because IT means we can educate more people about bitcoin. I love you all and i'll see you guys next time.