BITCOIN BULLISH PATTERN IS FORMING!

Introduction

The speaker, Sam, discusses the current state of the Bitcoin market, including a potential "golden cross" formation and rumors of a strategic Bitcoin reserve.

Market Analysis

• A golden cross is forming on the Bitcoin dominance chart, which could indicate a bullish momentum for Bitcoin.
• The last time this happened, Bitcoin dominance increased from 41% to 61%.
• Sam notes that a golden cross is not always a guarantee of a pump, but it can be a positive indicator.

Strategic Bitcoin Reserve

• There are rumors of a strategic Bitcoin reserve being announced later in the day.
• If this happens, it could lead to a significant increase in the price of Bitcoin.
• Sam believes that the majority of the money will be focused on Bitcoin, but notes that there are also rumors of an altcoin reserve.

Bitcoin Dominance

• Bitcoin dominance is currently around 45%.
• Sam believes that if a strategic reserve is announced, Bitcoin dominance could increase.
• Alternatively, if the market deflates, Bitcoin dominance could still increase if altcoins fall faster than Bitcoin.

Investment Strategy

• Sam is over 80% invested in Bitcoin, but also has investments in altcoins.
• He notes that investing in altcoins can be a good use of a high-risk portion of a portfolio.
• Sam also mentions that he trades on various exchanges, including Blowfin, Weeks, and CoinW.

Security Concerns

• Sam mentions that he has spoken to people who have been abducted or assaulted for their cryptocurrency.
• He notes that this is a big problem in the industry, especially for successful investors.
• Sam suggests that some people may want to consider buying a Bitcoin ETF instead of spot Bitcoin for security reasons.