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Ethereum News: EXPLOSION Soon! I鈥檝e NEVER Been SO BULLISH on ETH! - YouTube
Channel: BitBoy Crypto
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if i've learned anything in crypto over
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the years is it just when people start
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giving up on a coin
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that's when it does its best work i want
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you guys to think about this
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with as much error that bitcoin sucked
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out of the room this week from the 1.5
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billion
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tesla bitcoin purchase and ethereum
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doomsday
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preppers selling their ethers in fear of
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the cme futures launch
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each still made a new all-time high last
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night of 1831.
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2k is around the corner but that's not
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enough we need 25 hundo by valentine's
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day so you nerds can get girlfriends
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find out that's going to happen today
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let's get it
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bid swap is the hottest new way to trade
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and value for your trades
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bitswap is changing the game try it now
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at bitswapdex.io
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welcome to bitboycrypto the largest
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cryptocurrency channel
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on all the interwebs my name is ben and
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every day on this channel i show you how
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to make money in crypto
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if you like money in crypto make sure to
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hit that subscribe button
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also smash the like button to let our
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youtube overlords know
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that more people need to know about
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ethereum we just finished up our bitcoin
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trading competition and i got
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10th out of 500 competitors none of
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y'all
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pretty good we'll be running an ethereum
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trading competition on buybit in march
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so make sure to go ahead and sign up for
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buy bit by visiting bitboycribro.com
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deals and brush up on your skills before
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taking me on
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we've got a new promotion going on right
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now so make sure to sign up
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now in this video we're going to be
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looking at why i still believe
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ethereum will hit 2 500 by valentine's
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day and yes
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i know it's only a week we'll be looking
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also at how we could get to 40 000
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by the end of this year seriously but
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let's get something straight
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right here off the rim i want 2 500 by
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valentine's day
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that's why i predicted it and i do
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believe it's going to happen however
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let's be for real here whether or not it
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hits it on the day
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before or a few days later the point is
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this is where the price is heading to in
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the short term
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when i predicted back in december that
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ethereum would hit a new all-time high
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on january 17th
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it actually hit it about 36 hours after
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my prediction
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the exact date's not really that
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important the important
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part is that it does in fact head to
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those prices relatively close to
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predicted dates and i'm very confident
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that we are heading to 2 500 very soon
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why do i believe that well the better
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question would be
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why do people not believe that think
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about this
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80 of all money that flowed into
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cryptocurrency last week
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flowed into ethereum of course much of
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that money was coming in
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on the new cme futures contracts so
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these are a way for investors to hedge
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their physical ethereum holdings
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physical digital holdings anyways these
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users contracts are settled in u.s
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dollars many people have believed that
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these new
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futures contracts would hold the price
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back but i never believe that
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it's all about timing if this was taking
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place in september or october near the
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likely peak of this bull cycle
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then i would definitely think it would
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signal the end of the bullishness
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but where this falls in this cycle it's
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more likely
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not to have the same effect as the cme
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bitcoin futures
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launched in december of 2017 at the peak
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of the market
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of course when that happens it's a good
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idea to hedge to the downside
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but no one thinks that this is the top
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of this market people who know
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anyhow so what kind of effect will this
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have on the market a volatile one so
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buckle in the world of institutional
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investing is one most people never get
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to peek inside of
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now imagine if you were a corporation or
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an investment fund wanting to buy
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100 000 eth how would you do it
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well you certainly couldn't do it by
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signing up for a coinbase account
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you basically have two options you can
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invest through institutional investment
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channels and vehicles like futures
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contracts
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or you could try the sometimes sketchy
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otc markets
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with these future contracts launching
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now more money can come pouring into
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ether which could lead to a high level
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of volatility and this is good for us in
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a bull market because while the lows
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and pullbacks may be sharp the upside
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potential is what we need to get those
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lambos
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grayscale backs us up they've been
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making some incredible bitcoin
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buys lately but it's the ethereum buys
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that are starting to get the attention
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recently they bought 100
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000 more each to add to their gray scale
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ethereum trust
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they now have over 5 billion in ethereum
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holdings for the trust
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pretty insane when you think about it
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and you can see they were inactive
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buying during the time when they had
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suspended new investments into the trust
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as soon as they turned them back on last
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week the eth buying resumed
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i would say that when we see pullbacks
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in the future it could be the big money
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attempting to get back in at lower
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prices especially
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due to how much greyscale holds but
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grayscale isn't the only entity buying
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ethereum right now
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when you look at the exchange reserves
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you will see that as the price is going
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higher the amount of eve on exchanges is
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plummeting
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secret is out and the price will likely
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be heading up to 2 000
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sooner rather than later the key level
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to watch now is eighteen hundred dollars
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if the bulls are able to flip eighteen
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hundred into support after rejection
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this morning
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then it could be all she wrote the
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closer eve gets to 2k
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the more support will come in to push it
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over the top and it isn't only the
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technicals giving us the 2k hopium all
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the talk of eip1559 that will alleviate
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gases can also help save the day
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send us spiraling upwards but more on
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that in a moment
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inside chart on twitter and tradingview
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has posted some very interesting charts
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over the last week
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of course make sure to go give them a
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follow because i've got a lot of value
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on what they're posting they're showing
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a 2 300
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each very soon and a chart that recently
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showed up on twitter and tagged me
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showed a trailing stop parabolic curve
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putting ethereum at 3 200
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on valentine's day and what's better is
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that they're showing a 4 000
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each by the end of the month i do still
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believe we're going to get there by
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valentine's day but definitely by the
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end of this month
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kind of what i'm seeing is me missing
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the prediction by 36 to 48 hours again
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because the lord has to keep me humble
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somehow
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it's a difficult task no one wants to do
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it but where are we going in the longer
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term
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well that's a very interesting
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conversation 10k
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20k and 40k are all definitely still in
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play for this cycle
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let's break down each of those numbers a
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december 31st 2021
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call option is open and people are
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taking it right now there
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is 15.2 million dollars in open interest
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for this call option
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but there are also some higher call
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options all the way to a hundred grand
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and this is the reason we needed wall
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street to come into crypto
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it's big money but back to the eip 1559
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we mentioned earlier this is the
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ethereum proposal
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meant to reduce gases and control the
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supply better through burning
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while this won't come into play until
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later this year when it does hit and
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there is an east hard fork
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some analysts believe ethereum will
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balloon to 20k
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now the speculation is this could solve
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eth's biggest clearing weakness
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the exorbitant gases that make life
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miserable for smaller traders justice
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hope alone could set us up
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for big moves to the upside and 20k
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is not the top evaluation of the year of
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course i've been up front where i
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believe ethereum is heading to 27k
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but looking at another chart it seems
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like we could end up at 40k by the end
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of the year
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that would be absolutely insane but
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there will need to be some consolidation
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points along the way so let me tell you
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what
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i see happening for this year isaiah
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ethereum somewhere between 3k and 4k by
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the end of this month
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then probably a retracement to 2500 in
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march
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at some point devil will start popping
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again and eat will shoot through the
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roof
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over 10k before another retracement in
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the summer
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then after bitcoin peaks in september in
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october ethereum will skyrocket again
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somewhere between 20k and 40k now i can
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tell you this
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once ethereum hits 20 000 it would make
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sense to start
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dollar cost averaging out of ethereum
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and really the market as a whole
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ethereum's last parabolic move of this
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cycle will signal the end
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hopefully there won't be as much
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volatility to the downside like cycles
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past this could be due to the fact
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institutional money
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has what the kids are now calling
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diamond hands
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they borrowed moon from us so i'ma
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borrow diamond hands from them
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fair trade yeah i think so but let me
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know
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exactly what you think is going to
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happen with ethereum am i going to be
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proven right it's bitstradamus again
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or will we never see 2 500 in february
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make sure to drop those comments down
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below help us get the ethereum message
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out to more people by smashing the like
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button on this video
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and a special thank you to the bit squad
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for helping us to become
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the number one channel in all of
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cryptocurrency
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that's all i got be blessed
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[Music]
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you
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