“And now we have a cascade of other participants that are saying, ‘the SEC didn’t nuke crypto. They shot the nuke and crypto went into its bunker and then came back out for afternoon tea,” says Eric Wade, editor of Crypto Capital and Crypto CashFlow. He predicts bitcoin will reach $80,000 in a year and then go higher than that, citing the approvals of the ETFs and the scarcity of bitcoin. “44% of bitcoin has not moved in two years…44% of the supply of bitcoin being locked in… it’s going to take more than that [$67,000] to free up some of the bitcoin that refused to move,” he explains. While commenting on BlackRock’s spot-bitcoin ETF filing, Eric says the timing of the application is “interesting” because BlackRock didn’t want to be “left out,” claiming that the government can’t say no to BlackRock because the firm has 10 trillion dollars under management and “a lot of influence.” He concludes that the SEC’s Operation Choke Point 2.0 will not strangle the crypto industry. Along with the launch of FedNow, there will be an acceleration of technology to move money faster, as well as opportunities. To learn more about how you can take this opportunity to increase your wealth, visit https://www.MessageFromEric.com.
#investing #deflationary #federalreserve #gold #dollar
⭐️ Join Daniela Cambone’s exclusive community ➡️ https://danielacambone.com
➡️ Follow us on Facebook: https://www.facebook.com/StansberryRe…
➡️ Follow us on Twitter: https://twitter.com/stansberry
➡️ Follow us on Instagram: https://www.instagram.com/stansberry_…
➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stan…
Chapter stamps:
00:00 FedNow and opportunities
11:10 FedNow and how it affects people’s life
13:18 Timing of FedNow
20:20 Forecast for bitcoin
22:31 Choke Operation 2.0
source
