BITCOIN - DON'T FALL FOR THIS

My Financial Friend

Introduction

The speaker, Sam, discusses the current state of the Bitcoin market, comparing it to the same time last year. He highlights the similarities in the setup and the potential for a significant move in the coming months.

Bitcoin Market Analysis

  • Bitcoin's price has been relatively stable, with a 10% increase in the last month and 60% in the last six months.
  • The speaker notes that despite the price stability, the fundamentals of Bitcoin are improving, with pro-crypto regulations and institutions buying up Bitcoin.
  • He mentions that entities like ETFs, MSTR, and El Salvador are buying Bitcoin, which will eventually drive up the price.

Upcoming Events

  • The speaker discusses the importance of employment data, including job openings, ADP employment, and the unemployment report, which will be released in the coming week.
  • He also mentions the earnings reports of major tech companies, including Palantir, PayPal, AMD, Google, Uber, and Amazon.

Market Predictions

  • The speaker predicts that if the employment data comes in as expected, it could lead to a positive move in the market.
  • He notes that the price of Bitcoin may be suppressed in the short term but expects it to increase in the long term due to improving fundamentals.

Conclusion

  • The speaker invites viewers to join his Patreon for more information and analysis on the Bitcoin market.
  • He also promotes his partner's channel, Crypto Joe, and encourages viewers to follow and comment on his videos for a chance to win a free month of Patreon.