BITCOIN - EVERYTHING CHANGED IN MINUTES! (THE FLIP ON THIS IS FINAL)

My Financial Friend

Introduction

The host, Sam, discusses the current state of the crypto market, focusing on Bitcoin and the new Trump meme coin.

Trump Meme Coin

  • The Trump meme coin has a $6 billion market cap and is now among the top 27 largest cryptos.
  • It's highly volatile, with 80% of tokens owned by one wallet.
  • Sam is trading it, but warns that it's highly risky and not a long-term hold.

Bitcoin

  • The total market cap is changing, and Bitcoin looks good.
  • The chart shows a downtrend was rejected, and the price broke through a resistance line.
  • The state of Arizona has announced a bill to create a strategic Bitcoin reserve, making it the 10th state to do so.
  • Five more states are expected to announce similar plans soon.

ETF Filings

  • Several companies have filed for crypto-related ETFs, including:
    • Dads: Oasis Capital Digital Asset Debt Strategy ETF
    • Pro Shares: Solana Futures ETF
    • Coin Shares: Coin Shares Digital Assets ETF
    • Vanek: On-chain economy ETF
  • These filings were made after Gary Gensler left the SEC, and it's expected that more will follow.

Market Volatility

  • The host expects high volatility in the next few days, especially around inauguration day.
  • Bitcoin's price is at an interesting point, having broken through a downsloping resistance line.
  • The next key level to watch is $108,000, which is the previous all-time high.

Conclusion

  • The host advises viewers to be prepared for volatility and to focus on long-term holds rather than getting caught up in short-term market fluctuations.
  • The Trump meme coin is highly risky and not suitable for long-term holding, but it may be traded for short-term gains.