Bitcoin is exploding this week but why The mainstream media refuses to cover This as right now they're more focused On the Democratic National Convention good evening good Evening we're facing inflection point I Want my grandchildren to know I was here At this moment the next president of the United States of America KLA Harris Question for you is Bitcoin EXP floing Because the market is pricing in a trump Victory Trump is a pro Bitcoin candidate Hello bitcoiners the market thinks Trump Will win so Bitcoin is going up we will Make America and Bitcoin bigger better Stronger richer Freer and greater than Ever before or is Bitcoin exploding Because the market is pricing in a comma Victory I can imagine what can be and be Unburdened by what has been you know the Market knows that Democrats spend Democrats print money and investable Assets like Bitcoin tend to increase With loose monetary Policy let me actually gauge our Audience do you identify more as a Republican or a Democrat but you can't Do this to me comment Republican or Comment Democrat in my comment section Just one word it'll be interesting to See the results just do it there is a School of thought that a Kamala Presidency is actually better for Bitcoin and a trump presidency is
Actually better for ethereum what do you Think there's actually a different Perspective which which was it doesn't Matter sort of like your um your Political sway whatsoever but if commo Becomes president uh it's Pro Bitcoin And the reason why uh and in Pro Bitcoin Over everything else and the reason why Is because of the1 trillion Green New Deal the massive ramp in spending the Debasing of the dollar because Macroeconomic re reasons whereas the Trump position is pro ethereum because It's Pro Innovation it's Pro Experimentation it's Pro regulatory Framework and think about the comparison To the two if the Democrats want to be Pro crypto they have to catch up to the Level of having a safe harbor having a Regulatory framework allowing people to Try things allowing tests and Experimentation from an entrepreneurial Perspective onshore ing entrepreneurs Again that have left in the Last 5 Years Like it it is a pretty steep hill de Climb and I mean we obviously welcome it But there is an interesting angle of the Two perspectives are not necessarily not Pro crypto it's just they're Pro crypto In very different ways you know there is A crypto Summit going on in Wyoming Right now Anthony scaramucci weighs in On why the market has been trending Down/ sideways and yet now bitcoin's
Price is going up listen well let's Let's talk about the fundamentals for a Second because I think you're right the Uh We've traded sort of sideways to down Recently some of that I think is just Related to supply overhang you had the Mount gox bankruptcy the eventual Distributions that took 10 years you had Some Sovereign selling which I think Included the United States but also the Government of Germany sold a big uh Stash of their Bitcoin I think that also Put pressure on the markets but I think The reason why you are suggesting that The market sentiment is still bullish You got a lot of incoming net inflows to The the Bitcoin ETF net inflows to the Ethereum ETF uh and so there's a general Bullishness also U it it usually takes a Few months after a Bitcoin having and so We've experienced the having in April And a result of which uh you know things Churn a little bit and miners sell Because they need to make their Revenues uh but at as that selling Abates and Supply constraints again I Think we're have a very good second half Of the year the Republicans led the idea That they were going to be Pro britcoin And so Donald Trump does deserve credit For that maybe it was Vivic ramaswami or Others that got to him he was very Negative on crypto and he's now pivoted Towards crypto and of course spoke at
The Bitcoin conference and so there's a Group of us that are with camela Harris Who've endorsed her that want to see Some type of pivot or change for the Democrats and I would just remind people From a regulatory perspective How early it is and I'll take people Back 10 or 12 years ago where lots of Regulators and government officials did Not want Uber in the marketplace if you Asked them they did want Uber the taxi Uh licenses were good enough uh but the People wanted Uber and I think that's True about crypto in general people want Crypto as evidenced by the number of Wallets that are out there and so uh it Could be a pivotal point in the election I don't think the Democrats believe that Yet frankly I think they think it's too Small of a voting group But I would just remind people if 50 Million people have wallets and let's Say 3% of those people are single issue Voters it's a million and a half people Uh and you know there are a lot of those People are in swing States it could be a Single issue voter so I think it's a Very risky strategy to be anti- crypto And so I'm hoping that KLA Harris and The team associated with her will make a Pivot and be more open to the idea of Fair and appropriate crypto regulation And I do applaud the Trump people for Doing that a lot of people in the space
Will say that crypto does have a lot of Democratic support and it doesn't seem Like that because primarily of gendler And Warren do you agree with that or do You think that we could use a little bit More on the democra we could always we We could use a little less Elizabeth Warren a little less Gary Gensler and More Senator Gill brand and Senator Schumer I think I think I I've met with Them uh individually and they're on Board Rana is on board there's a lot of Very smart Democrats that are on board And if you look at the dispersion Demographically it feels like older Democrats not on board younger Democrats On board and so I think that speaks to It as well I think we have to move to The next generation of leadership and we Have to make sure that the United States Doesn't lose its mantle of financial Services leadership so so yeah we need More we need less of those guys more of The other thing the fact is Bitcoin and Ethereum cannot stay at these price Levels for long in my opinion Bitcoin Sometime this year gets over $70,000 in A very clear way ethereum reclaims $4,000 and after that point we see an Epic alt season like we've never seen Before traditionally historically after Bitcoin breaks over alltime highs the Next 9 months is when the biggest gains In the bull market happen and my thesis
Is that Bitcoin and ethereum if nothing Else will make it over all-time highs Sooner rather than later because they're Accepted by institutions because of Stuff like this all Global Bitcoin ETFs Currently hold over 1 million Bitcoin Black Rock recently just surpassed 20 Billion in inflows institutional demand Is here and ethereum is doing so well But it's so rarely covered except for Channels like us so make sure you Subscribe black rocks ethereum ETF Surpasses 1 billion in net inflows black Rock hit 1 billion for ethereum nearly Tripling Fidelity and the ethereum ETFs Have been highly successful think about It like this excluding grayscales Ethereum ETF over 2 billion has now come Into spot eth ETFs since launch and That's only 4 weeks for context if Viewed cumulatively that 2 billion would Equal the top four ETF launches this Year the top three ETFs are all spot Bitcoin ETFs and on its own the I shares Ethereum ETF is a top seven ETF and I Think certainly in the next couple years If not by next year they will be Amending the ethereum ETFs to include Staking in my opinion that is a foregone Conclusion I can't imagine that black Rock and Fidelity have not already have Extensive discussions on this matter With the SEC and this would be one of The main drivers for growth so keep in
Mind it is amazing what we're seeing With the spot Bitcoin ETFs the spot Ethereum ETFs here's the thing we've Been so early in this cycle you wouldn't Really expect Bitcoin to surpass All-time highs till the very end of this Year or the very early next year think About it like this in 2013 Bitcoin Topped the cycle top 367 days after the Having in 2017 it was 526 days after the Having in 2021 it topped 548 days after The having if Bitcoin follows the 2021 Cycle get could top somewhere October 2025 so the end of next year Q4 of next Year when do you think Bitcoin tops look Guys the market is not that exciting Right now but this is exactly the time You want to double down on your Education take out any positions you've Been wanting to take out if you believe That the future of the space is going up If it's going in that direction why Wouldn't you take this as a buying Opportunity that's what I'm doing of Course not Financial advice you do you My name is altcoin daily subscribe to The channel like the video see you Tomorrow my friend
