BITCOIN - THIS IS HARD TO WATCH!

My Financial Friend

Introduction

The speaker discusses the current state of the crypto market, expressing concern about people giving up on crypto ahead of what might be one of the best eras in its history.

Patreon and Crypto Trading

  • The speaker is revamping their Patreon with the help of Joe, a decade-long crypto expert who has worked in banking.
  • Joe is also starting his own YouTube channel, focused on crypto, and the speaker invites viewers to follow him.
  • The Patreon will offer exclusive content, including videos on different investment scenarios, crypto terminology, and market news.

Crypto News

  • Meta (Facebook) has received a shareholder proposal to consider adding Bitcoin to its balance sheet.
  • The speaker believes large companies like Meta might start looking into Bitcoin, given their profitability.
  • There are 9 days left before the inauguration of a pro-crypto president, and 14 states are working on Strategic Bitcoin Reserve legislation.
  • A distilling company, Heritage Distilling, has adopted Bitcoin as a strategic reserve asset and will accept it as payment.

Market Outlook

  • The speaker agrees that Bitcoin has never been fundamentally stronger, despite price variations.
  • They encourage long-term thinking about crypto investments and suggest subscribing to the channel for updates and long-term outlooks on Bitcoin and crypto.

State Legislation and Bitcoin Adoption

  • North Dakota has introduced legislation to establish a Bitcoin strategic reserve, with 11 co-sponsors.
  • The speaker notes that several states are moving to get Bitcoin on their balance sheets, indicating a growing trend.

Market Dynamics and FUD

  • The speaker discusses the recent FUD (fear, uncertainty, and doubt) in the crypto market, including concerns about tether and government selling of Bitcoin.
  • They mention the drama between prominent figures in the crypto space, suggesting that such conflicts are indicative of a bull market.

Conclusion

  • The speaker emphasizes the importance of staying focused on the long term and recognizing the positive developments in the crypto space.
  • They invite viewers to share their thoughts and appreciate their support, ending with a mention of Bitcoin's and XRP's current market performance.