Crypto News: Bitcoin Explodes, Cardano, ICP, The TRUMP Trade & More!
Published: 2024-11-11
Status:
Available
|
Analyzed
Published: 2024-11-11
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
According to Plan B's updated stock-to-flow model, Bitcoin could reach between $250,000 and $1 million due to the supply shock from this year's halving and next year's halving.
"and according to um our the uh legendary or you know inFAMOUS or legendary which way you want to look at at Plan B who's got the stock to flow model um he has he's updated his model with regards to price misses in the 2021 cycle and okay he was he was he actually he obviously this if you guys don't know the stock to flow model it's a one of bitcoin's more like for transformative models in the sense we had in the 2019 cycle predicted 100K Bitcoin in that in 2021 cycle but it missed that unfortunately it was just because ad he was down to tracking error but yeah he's updated his model and according to the stock to flow model if you believe in terms of the supply shock coming from this year's harving next year we could potentially see between 250k to 1 million"
Pending
Ethereum (ETH) has surpassed $3,000, and there's also mention of a Michigan pension fund buying some ETH ETF shares.
"eth you know obviously lots of other things have pumped a lot but eth got above 3K got above 3K and there was also a pension I think the Michigan pension fund bought some ETF"
Pending
Arbitrum (ARB) will have approximately 2.3% of its circulating supply unlocked in five days, with a significant portion allocated to the team, future hires, and advisors.
"arbitrum which I think you still you hold Some For My another layer too um they've got about 2.3% of their circula supply been unlocked in five days um and um more of it's going to the team fut te team future team and advisors okay so basically future team meaning probably people they're going to hire to allocate some tokens to them and right yeah in their employment package"
Pending
Celestia (TIA) had a 100% circulating supply unlock two weeks prior, though market conditions have since been bullish.
"one of the best examples here is take well I mean to be fair the market conditions of last week have been like super bullish but like two weeks ago we had that a Celestia unlock 100% circuit and Supply"
Pending
Stocknet (STK) will have approximately 3.3% of its circulating supply (64 million tokens) unlocked, with 1.4% going to investors and 1.6% to early contributors.
"one of them is stocket um and uh they've got about two 3 3% of the circul and Supply coming out so that's 64 million tokens in terms of where it's been allocated um it's important I think about 1.4% of that is going to investors and then 1.6% is going to early contributes"
Pending
PEAK, a DeFi-focused Layer 1 project, is launching its token tomorrow, with a Tesla at their booth signaling strong potential.
"and their managed to they've had a Tesla as their Boo at their Booth so was pretty cool bullish bullish bullish if you if you can get a car in your boo that's generally a good sign um yep so keep an eye out for that the uh I think their launch uh is tomorrow"
Pending
Donald Trump is expected to fire SEC Chair Gary Gensler on his first day and end the 'anti-crypto Crusade' associated with the Biden administration.
"he promised to fire Gary gendler the head of the SEC on his uh on his first day in office and he promised to bring an end to um Elizabeth Warren Joe Biden's what he called anti- crypto Crusade"
Pending
Dan Gallagher, Chief Legal Officer at Robin Hood and former SEC commissioner, is a leading candidate to replace Gary Gensler as SEC Chair.
"from what I'm hearing it looks like Trump May well decide decid to go with an outsider Someone who's not already um an SEC commissioner and it seems like the main name in the frame was certainly the one that I've been hearing the most is Dan Gallagher"
Pending
Richard Farley, a Wall Street lawyer, is reportedly being considered for an SEC leadership position.
"another one is um Richard Farley so this broke last week and apparently from a leak and now he wasn't really that well known he wasn't really a pick in terms of like speculated but he's a Wall Street lawyer"
Pending
Chris Giancarlo, former CFTC chair and self-proclaimed 'Crypto Dad,' is a potential candidate for an SEC leadership role, having overseen the approval of Bitcoin futures on CME.
"another one potentially uh we could have um as to meet to meet the crypto mom you've got a crypto Dad okay the crypto family come together at the SEC uh his name is Chris janalo he used to be the cftc chair from 2017 to 2019 he under his watch Bitcoin Futures on the CME were approved"
Pending
Brian Brooks, former Chief Legal Officer at Coinbase and former acting head of the Office of the Comptroller of the Currency, is another potential candidate for an SEC leadership role.
"and one other name in the frame Brian Brooks he is a former uh Chief legal officer at uh coinbase uh he was also at binance us for all of four months"
Pending
Senator Cynthia Lummis has proposed the 'Bitcoin Act,' which would involve the US Treasury establishing secure Bitcoin vaults and purchasing 1 million BTC over a 5-year period (200,000 per year).
"she has already proposed the Bitcoin act um now I didn't know this I I love the fact that us Regulators managed to manage to create these acronyms to describe their act so the Bitcoin Act is the boosting innovation technology and competitiveness through optimized investment Nationwide I presume they must have used they probably like can you summarize it yeah can you get some so um so yeah this is Cynthia lam's baby um she's uh it would establish a network of secure Bitcoin vaults operated by the US Treasury and the plan would be to purchase 1 million yes 1 million BTC over a 5year period 200,000 Bitcoin a year man can you imagine that"
Pending
The 'Bitcoin Act,' as proposed by Senator Lummis, is being likened to the 'Louisiana Purchase' in terms of its potential significance for the US and Bitcoin.
"Donald Trump mentioned something about that in his speech as well you know about people being able to hold hold on to their Bitcoin um and lamus has called this quote our Louisiana Purchase moment"
Pending
Donald Trump promised to pardon Ross Ulbricht on the first day of his presidency, and this is considered one of the easiest promises to fulfill.
"he promised to do this on the very first day of his presidency yeah exactly um and let's face it this is the probably of all those things that he's promised to do this is the easiest"
Pending
If Donald Trump follows through on his promise to pardon Ross Ulbricht on day one, it will demonstrate his commitment to the crypto industry.
"if he follows through on this which I expect him too then I think that will be really bullish because it will show that he means what he says and that he's going to follow through on his promises to the crypto industry"
Pending
Bitcoin OS has integrated with the Cardano ecosystem, enabling a bridge for liquidity from Bitcoin to Cardano.
"Bitcoin OS which is a Bitcoin operating system uh which is basically buildt in this smart contract operating system for Bitcoin uh they basically integrated within the cardani ecosystem now this is quite bullish because what it's basically going to allow is for a bridge of liquidity from the Bitcoin ecosystem to cardano"
Pending
Bitcoin OS is a project aiming to verify zero-knowledge proofs on the Bitcoin main chain, a feat that has eluded many researchers.
"this is a project which has been building for quite some time I've actually spoken to the team and we're going to be investing in them and they basically um and and Bitcoin OS basically was this this Holy Grail of trying to verify a zero knowledge proof on the Bitcoin main chain which has eluded many Bitcoin re researchers for quite some time"
Pending
The speaker is very bullish on the Bitcoin Layer 2 space, believing it is currently underestimated and has significant potential for the Bitcoin and overall crypto ecosystems.
"and I think that's more the inti I think I'm what I'm really bullish on is the Bitcoin L2 space despite the fact that it's got a lot of attention this year I still think people are sleeping on this narrative in terms of what it could do for the ecos for the Bitcoin ecosystem and for the entire crypto ecosystem"
Pending
Babylon is a fully permissionless Bitcoin staking protocol where users can deposit and withdraw Bitcoin without any third-party control.
"Babylon yeah um so I was in a panel with the CTO about two weeks ago at cosmoverse and Babylon is a Bitcoin Stak in protocol but a fully permissionless staking protocol that you can deposit your Bitcoin and you can withdraw it and there's no need for any party to control your Bitcoin in any way"
Pending
Charles Hoskinson stated in a recent video that he will be spending 'quite a bit of time' working with lawmakers and administration members in Washington D.C. on crypto policy.
"Charles apparently could be advising yeah now this is an interesting one um Charles hoskinson uh released a video did a live stream on his YouTube channel I think yesterday or was it yesterday or the day before very recently um you can see you can see it up there on his YouTube channel I think it's like the second most recent live stream um and in it he talked about working uh with the incoming uh Trump Administration I've got a quote from here he says quote I'm going to be spending quite a bit of time working with lawmakers in Washington DC quite a bit of time working with members of the administration"
Pending
Donald Trump previously mentioned establishing a presidential advisory council for crypto, leading to speculation that Charles Hoskinson might be part of it.
"Trump also talked about in his uh Bitcoin Nashville speech was the establishment of a sort of presidential uh advisory Council for crypto now there's been a bit of speculation um that perhaps uh that means you know that Charles is going to join this this particular Council"
Pending
The speaker predicts that 2025 will be a 'Golden Age' for the crypto industry, comparable to an industrial revolution.
"I think 2025 is going to be exhausted Golden Age the industrial it's like the industrial revolution of a grou it's gonna be C"
Pending
With a more favorable regulatory environment, Devcon in Thailand could see numerous announcements for projects in the Ethereum ecosystem.
"starting uh in just I think tomorrow is Devcon in Thailand um and I think there's a very good chance that obviously with with this sort of brighter brighter future that crypto now has we could see a lot of announcements"
Pending
The DeFi space, which has been impacted by Wells notices, is expected to reignite and benefit from positive regulatory changes, with announcements likely at Devcon.
"and then specifically look at those that focused on the defi space right because defi has also had a Resurgence as you mentioned Eno and all these others because um now potentially regulations be positive for them because uniso was all these def5 protocols have been hit Unis swap mutable all of these were getting these Wells notices whereas now it could potentially be we reignite it"
Pending
US retail sales data will be released on Friday; strong numbers would decrease the likelihood of a rate cut, while weak numbers would increase it.
"us retail sales data is coming out so 0.4% was the previous and the consensus 0.3% so if they're strong um it's less chance of a of a rate cut and if it's weak more chance for Ray cut"
Pending
It is advised to take life-changing profits when they occur, as trying to maximize every dollar can lead to regret and losing gains. Realizing profits is crucial.
"if you make life-changing money take it out change your life this is the number one regret of people if you try to squeeze every last dollar out and keep it on the table eventually eventually it will be given back and someone else will take it from you I think we have good times ahead but nothing is real until you secure it no one ever went broke taking a profit"
Pending
A plan should be made and followed; avoid chasing returns with excessive leverage, as mistakes can be fatal to one's trading capital.
"make a plan and play your own game don't go chasing returns by adding a ton of Leverage based again remember you only need to die once in Russian Rel what a great what a great what a great line yeah unless you don't do it properly"
Pending
Alex Mashenic plans to set up a USA office in 2025, potentially indicating a shift towards the US for crypto businesses.
"Alex fan of it yeah gonna set up our our you our nanson USA office in 2025 lfg America Mar"
Pending
The speaker predicted the announcement of a new Ethereum Layer 2, and ENS (Ethereum Name Service) has indeed launched its own Layer 2.
"The only prediction I have for tomorrow is that someone probably announced a new ethereum layer too you know what's funny about that actually because today ethereum name servers is ens just launched La too"
Pending
There is a continuous development of Ethereum Layer 2 solutions, with a high volume expected.
"there's always another ethereum layer two around the corner just need we need more of those Layer Two here Layer Two there you get a layer two to you get all right"
Pending
The pro-crypto regulations resulting from the election might incentivize offshore crypto businesses to return to the US.
"it'd be interesting to see also what this election and the pro crypto regulations could mean for many of these crypto businesses that have set up entities offshore or located offshore would they be incentivized to go back to the US"
Pending
Improved regulations and potential tax cuts under Trump could make the US an attractive location for crypto businesses, potentially leading to Coin Bureau establishing a Miami HQ.
"if uh if they get better regulations and if Trump follows because he's been talking a lot about tax cuts isn't yeah yeah so yeah you know could the could the US be be next coin buo Miami headq HQ"
Pending
The CPI print is expected to be 2.6% on Wednesday, slightly up from the previous 2.4%, and markets will react based on this consensus.
"Wednesday we've got the CPI print uh so that's obviously important I think previous uh CPI print was 2.4% the consensus this time is is 2.6% so slightly up although it has been uh trending lower in general I think watch the CP watch where it is in relation to the consensus because obviously markets react to um what the actual print is based on what they're expecting"
Pending
US retail sales data will be released on Friday, with a consensus estimate of 0.3% compared to the previous 0.4%.
"on Friday uh it's a data point economic data point not necessarily as related to the Friends fed's mandate when it comes to um you know employment but on a growth perspective us retail sales data is coming out so 0.4% was the previous and the consensus 0.3%"
Pending
Charles Hoskinson indicated he will be working with the incoming Trump administration on crypto policy, leading to Cardano's price surge.
"Charles apparently could be advising yeah now this is an interesting one um Charles hoskinson uh released a video did a live stream on his YouTube channel I think yesterday or was it yesterday or the day before very recently um you can see you can see it up there on his YouTube channel I think it's like the second most recent live stream um and in it he talked about working uh with the incoming uh Trump Administration"
Pending
The speaker is highly bullish on the Bitcoin Layer 2 space, believing it's currently undervalued and has significant potential for the broader crypto ecosystem.
"I think that's more the inti I think I'm what I'm really bullish on is the Bitcoin L2 space despite the fact that it's got a lot of attention this year I still think people are sleeping on this narrative in terms of what it could do for the ecos for the Bitcoin ecosystem and for the entire crypto ecosystem"
Pending
The US election has marked a fundamental shift from an anti-crypto stance to a pro-crypto approach from the administration.
"The fundamental shift that has happened underneath the crypto industry's feet as it were because suddenly the US has gone from being virulently anti- crypto the US Administration to one that is you know that has gone out of its way to show how Pro crypto it is"
Pending
With Republicans winning the Senate, Tim Scott, who is pro-crypto, will become the chair of the Senate Banking Committee.
"because also the fact that this the Republicans won the Senate it means they're going to now have a chair a Republican chair of the Senate Banking Committee yeah and it's going to be Tim Scott currently Tim Scott who is pro crypto Pro crypto yeah he's one of us"
Pending
Politicians identified as being part of the 'anti-crypto army,' such as Elizabeth Warren and Sherrod Brown, have faced consequences following the election.
"Elizabeth Warren um uh sherid Brown the rest of the anti crypto army they effed around and they found out"
Pending
Bitcoin OS is highlighted as one of the first projects to successfully settle ZK proofs on-chain, potentially representing the 'holy grail' for Bitcoin Layer 2 solutions.
"they are basically one of the first projects that's been able to do that and they're still testing it out um but it's very bullish for if that that is the final gra for Bitcoin l2s"
Pending
DeFi projects are expected to see increased attention and price impact during the current bull market, especially with announcements at conferences like Devcon.
"especially related to defi yeah and when we're you know in in Bull markets as let's face it we're in now um these kind of conference announcements do tend to you know they do tend to have a big impact on price and excitement"
Pending
Token unlocks for Stocknet (STK) and Arbitrum (ARB) are upcoming, with potential implications for their respective ecosystems' bullishness.
"and then we also got some unlocks coming up um we've got to look at unlocks not massive unlocks but it's worth keeping an eye on these um so one of them is stocket um and uh they've got about two 3 3% of the circul and Supply coming out so that's 64 million tokens in terms of where it's been allocated um it's important I think about 1.4% of that is going to investors and then 1.6% is going to early contributes whether the investors will sell out right now I don't know it depends on uh their perspective of how bullish they are on the layer 2 ecosystem"
Pending