BTC to Explode Post-Election? ($20k Q4 2020!) - Last Week Crypto - YouTube

Slowly, then suddenly.

That’s the upwards price movement we will see when bitcoin approaches all time highs.

Are we entering into “suddenly” territory this week post election?

Hello, I’m Crypto Casey, and welcome to another episode of Last Week Crypto.

Every Sunday, we review the performance of the largest cryptocurrencies, top gainers,

as well as the latest global news stories affecting the crypto markets this past week.

This week we will discuss the insane amount of uncertainty in the markets, how the global

financial economy is failing and changing, bitcoin’s bullish breakout past $14k, and

how crypto adoption is gaining massive amounts of momentum.

To check out the links to all of the articles we discuss, go to CryptoCasey.com/Last-Week-Crypto.

This week’s episode is brought to you by Crypto.com, an exchange with over 55 different

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It’s so important to have relationships with multiple exchanges with this incoming

bull market.

Many times, exchanges have to hold funds, freeze transactions, and lock accounts when

they are overloaded with increased demand.

I warn you guys about this almost every video, and we are starting to see this happen just

a few days ago.

Coinbase Goes Down as Bitcoin Approaches (and surpasses as we will discuss later) 2019 Highs

U.S. cryptocurrency exchange Coinbase has disabled trading due to feed issues amid bitcoin’s

ascension towards 2019 highs near $13,880

So check out my list of recommended exchanges below to sign up, so you have multiple options

to trade when the crypto market really starts to take off.

And note that if you use the link to sign up for Coinbase below, you will receive $10

worth of bitcoin for free.

Every Wednesday I conduct a weekly AMA or an “Ask Me Anything” at Instagram.com/CryptoCasey.

So use the link to my Instagram account listed in the description area to follow me and ask

me anything you want, every Wednesday.

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Awesome.

Let’s hit Last Week Crypto.

Looking at the top cryptocurrencies by market cap over the past week, Bitcoin up 6.4%, Eth

down 5.1%, XRP down 5.5%, and Bitcoin Cash down 2.6%.

Nice.

Looking at the top gainers this week: Vitae up 26.9%,FileCoin up 24.5%, NEXO up 18.8%,

and Quant up 11.9%.

So there is a ton of uncertainty in the markets right now in the midst of the impending US

election, an impending second wave of COVID, and lack of US stimulus.

In fact, there is so much uncertainty in the markets right now that

Private Equity Titan Henry Kravis Says In 50 Years He Has Never Seen Markets This Volatile

Private Equity titan Henry Kravis has seen a lot during his half century on Wall Street.

But he says he has never seen turmoil like this.

Thanks to COVID-19, and the Fed's attempt to backstop markets for fear that a crash

could translate into harm for the real economy, 500-point swings back and forth have become

routine.

And just to translate what “the Fed’s attempts to avoid a crash” means, in the

words of Ron Paul himself:

Politicians want the Fed to counterfeit more money.

The Fed wants politicians to spend the counterfeit money even faster.

All are trying to "stimulate" a broken economy that rests on a foundation of sand: central

economic planning.

Human civilization, society, and the economy cannot be controlled by Fed price-fixers,

counterfeiters and bureaucrats.

Freedom and sound money are the only things that can fix what they have broken.

As just in case you forgot what he refers to as

counterfeiting is: https://youtu.be/6nc2HoQmf84 01:06 - 01:22

Don’t you just love that hoary speech?

I personally can’t get enough of it.

So while the Fed’s continue to print US dollars, you know what other type of asset

got a massive “printing” of sorts?

If you’re a gold bug, you may want to be seated for this one:

67 Million Ounces: World's Biggest Gold Reserves Discovered Deep In Siberia.

Last week the world's largest stockpile of gold was revealed when Russia’s largest

gold producer, Polyus PJSC, said its untapped Sukhoi Log deposit in Siberia holds the world’s

biggest reserves.

Mmm, and just when Elon Musk goes to space and starts mining gold from asteroids.

An unlimited supply of gold is not great for the price and ultimately not great as a store

of value.

Unsurprisingly, Central Banks Dump Gold for the First Time Since 2010, Precious Metal

Drops 9% Since August High

A few central banks have started selling tons of gold for the first time since 2010 in order

to ease the financial suffering from the Covid-19 pandemic.

At the end of the day, Sven the Savage sums up the ugly truth and reality in this tweet:

There is no recovery.

There never was.

They juiced everything up with artificial liquidity making everyone think the crisis

was over.

It’s not over.

We’re just at the beginning of profound structural changes that will last for years.

The ramifications have yet to be realized.

And the United States is vastly underprepared and way behind curve.

Our great POTUS himself even admits it.

Trump Administration Worried China Is Leaping Ahead of US in Adoption of Digital Currency

There is a growing concern within the Trump administration that US regulators are dragging

their feet as China’s dominance in the digital currency space accelerates

The Trump administration is now worried that unclear and stringent regulatory policies

from the Securities and Exchange Commission (SEC) are putting American companies at a

disadvantage on the world stage.

While the United States has been resting on its laurels for quite some time, China has

been front-running this whole blockchain technology revolution and taking major advantage of the

opportunities in the space.

China’s digital yuan aims to halt US ‘dollarisation’, boost retail payments, ex-central bank governor

says

Former central bank governor Zhou Xiaochuan says China’s digital currency aims to push

back against US dollar heh-gemmany and boost retail payments.

Hmm, so not a bullish outlook for the United States.

Even one of the most American companies isn’t bullish on America right now.

Walmart Pulls Guns, Ammo Displays in U.S. Stores, Citing Civil Unrest.

Retailer says move is a safety precaution but customers can still purchase firearms

and ammunition

Wow.

That’s disturbing.

You know what else is weird.

Less than 24 hours later:

Walmart returns guns and ammo to store floors, saying civil unrest was "isolated"

Strange.

Kind of reminds me of Trump’s stimulus fake out tweets.

Walmart was probably actually on to something though.

From Midtown To Portland, Businesses Are Boarding Up In Anticipation Of Election Night Chaos

With Election Day looming just around the corner, America's biggest cities and joining

America's biggest social media networks in battening down the hatches in preparation

for any unrest that might follow the vote count.

Bearish bearish bearish week wrought with flurries of uncertainties for sure.

Who knows what’s to come in the next few days?

But you know who really, doesn’t care, like at all - bitcoin bull on a rampage the last

couple days as

Bitcoin price hits $14,000 exactly 12 years after whitepaper released - the highest level

since January 2018.

Can it hang in spite of all the bearish news around the world?

Well,

Bitcoin just 4 days (now 2 days) away from historically bullish $10K price record

If Bitcoin can stay above $10,000 by the day of the U.S. elections, history suggests that

$100,000 is next.

So if the price of bitcoin remains over $10k until November 3rd, that marks 100 straight

days of bitcoin being over $10,000.

However, if we break down, if we break down and fill that $9.6k CME gap, if we break down

below that $9.6k CME gap, I dare say

If Bitcoin drops from here to 6k, some people would still say: I wait for 5,5k.

- Don’t be this guy, any price below 20k is CHEAP!

Because as the entire world falls into complete and utter financial ruin…

$250 Trillion in Assets Looking for Ideal Store of Value: A Bull Case for Bitcoin

Microstrategy CEO says there is a $250 trillion ocean of assets looking for the ideal store

of value right now and bitcoin is a better store of value than gold or tech stocks, so

“a lot of that monetary energy is going to flow from the asset ocean into the crypto

pond.”

And lest we forget about this long-awaited bull indicator:

Quantstamp Says Ethereum 2.0 Ready for Launch

Sweet.

Let’s go and ahead and wrap up this episode with a rapid fire flurry of super bullish

news from just this week alone that puts just how fast crypto is gaining adoption and momentum

into perspective:

Crypto purchases are now live on PayPal.

You can see it now on the app

PayPal’s New Service Is A $50 Billion Stimulus Check For Bitcoin, as

PayPal said there would be no service fees for buying or selling cryptocurrency through

December 31, 2020, and no fees for holding cryptocurrency in a PayPal account.

And Paypal isn’t the only big institution driving crypto-to-retail adoption…

Coinbase to Launch Crypto Debit Card in US for Retail Spending

Nice.

Paypal and Coinbase aren’t alone in their efforts to drive widespread adoption of crypto.

Square Crypto Grant Wants to Help Take Bitcoin Mainstream

Square’s latest grant will help a developer design a Bitcoin wallet that is easy-to-use

for crypto newbies.

Other financial institutions are feeling the pressure too

JPMorgan Launches Digital Asset With Major Tech Company on Board

JPMorgan has officially launched its digital currency, JPM Coin, with a large tech firm

on board.

JPM Coin will be used by a large unnamed client to power cross-border payments,

Ha Sounds like another Ripple scam, if you ask me.

Godspeed JPMorgan.

Meanwhile,

Microstrategy CEO Personally Owns $240 Million in Bitcoin — Company's BTC Profit Eclipses

Other Earnings

And eclipses may be an understatement

Microstrategy has earned $78 million in the last 3.5 years from their business operations.

Microstrategy has earned $100 million in the last 2 months from their Bitcoin purchases.

And alongside Kraken, we’ve got another crypto bank incoming, fam

Avanti Unanimously Wins Bitcoin Banking Charter

And across the pond, more banks are taking the plunge

Bitcoin Miners in Iran Have a New Buyer: the Central Bank.

Iran, hit hard by sanctions but brimming with oil and natural gas to supply electricity,

turns to cryptocurrency to pay for imports.

Whoa whoa whoa, if that doesn’t light a fire under the United States, I don’t know

what will.

But what I do know, is Raoul Pal knows what’s up:

Bitcoin's performance is SO dominant and SO all-encompassing that it is going to suck

in every single asset narrative dry and spit it out.

Never before in my career have I see a trade so dominant that holding any other assets

makes almost no sense.

The macro, flows, technology, demography and societal strains have all converged to this

moment in time and the definite answer from markets is - #bitcoin

I get this sounds a little evangelical but Im struggling to see it any other way right

now.

The supermassive black hole is going to suck in everything.

Again, this is the best trade/investment and future opportunity I have EVER found and it

has the power to give the little guy a chance to grab their share of the wealth creation

before Wall Street does.

Grab it.

You heard the man: grab it.

And once you’ve got it in your hand, know that it is not actually in your hands or control

until you get it off the exchange and into a cold storage hardware wallet device.

The best time to get a cold storage hardware wallet was yesterday, the next best time is

today, so scroll down to the description area below to access the correct and official sites

of my recommended hardware wallets.

BC Vault is my personal favorite, another option is the Ledger Nano backup pack.

So scroll down, and check them out.

Awesome.

Well that was last week crypto, with me Crypto Casey.

If you enjoyed the episode, please make sure to like this video and subscribe to my channel

for more crypto content.

To check out the links to all of the articles we discussed, go to CryptoCasey.com/Last-Week-Crypto.

Are you ready for this crazy week ahead?

Is bitcoin going to officially lift off and blow past $14k?

Who do you think is going to win the US election?

Let me know in the comments below.

Be safe out there.