Crypto News: Bitcoin Explodes, Cardano, ICP, The TRUMP Trade & More!

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"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"

"Alex fan of it yeah gonna set up our our you our nanson USA office in 2025 lfg America Mar"

"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"

"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"

"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"

"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"

"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%"

"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"

"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"

"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"