Get Ready For Bitcoin’s Next Breakout...Huge Reasons Why

CryptosRUs

Current Market Situation

  • Bitcoin's price is at $98,700, up $2,000 from the previous day
  • The US market is mixed, with the Bank of England signaling potential rate cuts

Upcoming Events

  • A big jobs report and unemployment report is scheduled for the next day
  • The US is imposing tariffs on goods, which could affect inflation and interest rates

Micro Strategy Update

  • Micro Strategy has rebranded as Strategy and is launching a new stock called Strike
  • Strike is a low-volatility stock with a fixed 8% yield, and can be converted from Micro Strategy stock at a 10:1 ratio if the stock price reaches $1,000+

Bitcoin Adoption

  • New Mexico has approved investing 5% of public funds into Bitcoin, joining Arizona as the second state to do so
  • A new map, Bitcoinlaws.io, tracks pending legislation and approved states for Bitcoin investment

Bitcoin Price Prediction

  • The speaker believes Bitcoin can reach $100,000 by the end of the day due to low funding rates and leverage
  • A potential liquidation event could wipe out shorts and drive the price up

Long-Term Outlook

  • The speaker is bullish on Bitcoin's long-term prospects due to increasing adoption by states, countries, companies, and banks
  • The supply shock caused by increasing demand is expected to drive the price higher