Latest News About Bitcoin and Ethereum 2022 with Complete Details
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Usually we've got a sunday drive video for you this
morning where we uh drive to church and tell you what's happening in crypto today
we're traveling to a ball tournament we got the number one seed today got the
ball player back there study McGuffin and uh we are going to be heading to a ball
tournament today hopefully hopefully uh we win it's good stuff do stuff outside
of crypto don't just spend all your time doing crypto don't neglect your family
you know that's that's an important lesson but guys i want to write today about
bitcoin ethereum because we have something going on really for both of these
cryptos that is extremely massive right now and these are potentially the two
catalysts that we're gonna seefor a level two a layer two if you will of this
bitcoin bull run that we've been seeing since last year and now you know well
really we've been seeing it since the end of 2020.
BitCoin & Ethereum Crypto News:
And you know what's really crazy is to think that we're coming up in just over a month of the first bitcoin top here. The first bitcoin top that occurred last year in April, actually less than a month it's almost been a full year since the may crash. That is absolutely insane to me to to think about that it's hard to imagine that it's been a year since that occurred it's my trying to get over on me, here it's not gonna work good try uh so do they know this thing's got 800 horsepower. I don't think she does I don't think she does but the point here is guys is we've got two catalysts and i want to go over what both of these are and and why they're absolutely massive why we are probably going to see another leg up it's starting to feel that way now that doesn't mean that we're going straight there in the next couple months but it does look like now we are moving from a place where it's going from realistic to see bitcoin at all-time highs to.
Whatever it is i don't even know i don't trade
these things but these were approved in the fall and what did that lead up to
all-time highs for bitcoin but even in the fall we told you that it was
unlikely that we were going to get a spot etf um approved now what's the difference between
the futures and a spot a spot the balance of these trades has to be settled in
actual bitcoin with futures they can be settled in u.s dollars which kind of
defeats the point of having an asset with a cap supply like bitcoin so the long
and the short of it is when we get this spot etf approved we are going to be
able to see the full power of bitcoin in the institutional market and
definitely we will see a bigger pump than we saw in the fall for futures
approval now here's the issue i don't really have any evidence to tell you that
this is getting approved in the next one to two months.
Other than one thing and that is that rao powell former goldman sachs uh trader and uh you know crypto guru at this point he runs real vision finance an incredible website on google he is saying that he is hearing from the inside that we are getting these approvals in april and may for a spot of this is the catalyst now we did not see highs for bitcoin like we thought we were gonna see we thought we were seeing at least six figures.
More Interesting Facts:
You can stake on a node or in a smaller amount and
stake on exchange and you can you know earn a return on that but this is going
to do something incredible for the supply we also have the difficulty bomb
should be going off this summer you can look into what that is it has to do
with the difficulty um you know for bringing ethereum into the supply but this
is the big number you have to understand they're calling it a triple halving
why because it's like three bitcoin havings and one when it comes to what this
is going to do to the supply and what this is going to do to the incoming
supply to ethereum you're not just having it once you're having it more than
three times when you look at these numbers the merge this is the key you don't
have to understand the merge you don't have to even understand proof of work
first proof of stake i don't care about all that like that that isn't going to
make a a gigantic difference in your investments what is is the inflation when
it comes to bitcoin it has a max supply of 21 million it has a circulating
supply right now of 19 million four and a half million of those bitcoin are
lost by the way or will never move for various numbers of reasons mostly
because they're lost so the thing here is ethereum does not have a cap supply ethereum.
We are
seeing millions of ethereum come into the supply every year which dilutes the
value of the overall uh you know market cap of ethereum when you're bringing in
more coins it kind of defeats the purpose of crypto in a lot of ways so this
triple halving this is not going to make ethereum deflationary where every year
we're going to see less and less but it is going to crush the incoming supply
it's going to crushthe production if you will of ethereum we are going to go
from an inflation rate a year-over-year inflation rate of 4.3 a new 4.3 of
coins coming into the supply every single year that's getting cut 90 percent this
is going down to point four percent that is insane it is going to take 10 years.
For the amount of ethereum coming into the supply to match what up until
recently one year's worth of inflation was for ethereum so this is so
incredibly bullish for the price that it is insane this is the push that very
likely could push ethereum above bitcoin and market cap the one thing to keep
in mind here though the one thing to keep in mind is if both of these two
things play out well the merge is happening hopefully it does happen over the
summer but if we get this etf approval are we going to see bitcoin or ethereum hit
all-time highs first can an approval of a spot bitcoin etf be enough to keep
bitcoin ahead of ethereum now i'll tell you guys this all the time ethereum
percentage-wise in market cap is much closer to bitcoin than any other coin is
to ethereum and it's not even close we're really bullish on ethereum on this
channel we're also bullish on bitcoin but the potential in my opinion of
ethereum is much higher than that of bitcoin there's only so many people that
want to store a value ethereum's use case is much wider it's a new layer to the
internet sorry guys I want to know which one of these things do you think is
going to happen first are we going to get a bitcoin etf approval a spot approval
for bitcoin or is the merge going to occur first and i want to know by the end
of this year do you see bitcoin and ethereum hitting all-time highs true drop
those down below in the comments we're gonna go play ball have a blessed day.
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