The Bitcoin Cycle As We Know It Is OVER

CryptosRUs

Overview of the Crypto Market

The host, George, discusses the current state of the crypto market, focusing on Bitcoin and its potential future growth. He mentions that the FOMC meeting with Powell did not have a significant negative impact on the market, and Bitcoin's price is almost back to $105.

Powell's Statement

Powell's statement during the FOMC meeting was seen as neutral, with no dramatic changes or announcements. He mentioned that the Federal Reserve is aligned with executive orders, but did not provide further details.

Trump's Reaction

Trump blasted Powell on social media, stating that he is not doing enough to address inflation. However, Trump has no authority to fire Powell, and it is unlikely that he will take any action against him.

Bank's Ability to Serve Crypto Customers

Powell stated that banks are capable of serving crypto customers, which is a positive development for the crypto industry. This aligns with recent changes that allow banks to act as custodians for crypto assets.

Bitcoin Cycle

George discusses the potential end of the traditional Bitcoin cycle, which could lead to a new super cycle. He believes that the executive orders and appointments made by Trump could lead to a more positive environment for crypto, making it unlikely that the market will experience another crypto winter.

American-Based Crypto Projects

George highlights several American-based crypto projects, including:

  • Cardano: focused on decentralized governance and scaling
  • Suey: a project with a unique feature that allows users to send crypto via text messages
  • Hedera: a project with a high level of development activity

Q&A Session

The host answers questions from viewers, including:

  • The potential for a bull run in the crypto market
  • The impact of the FOMC meeting on the market
  • The future of ETH and its potential to be replaced by other projects
  • The potential for a housing crisis to affect the crypto market

Portfolio Update

George provides an update on his portfolio, which is up 114% overall and 1.25% week-over-week. He mentions that he will be adding more American-based projects to his portfolio, including Hedera and XRP.