PARABOLIC MOVE COMING! GOOGLE BUYS INTO CRYPTOCURRENCY! MCDONALD’S NFT LAUNCH! [BTC, ETH, XRP News]
What what do you think is going to going to happen that its gon na dictate the movement where you think well be in three six months, not to sound like the the ever bullish guy that i sometimes im accused of being uh? But i literally see a scenario where we take out the highs in bitcoin, and we have one of these parabolic moves in all the crypto going into the fourth quarter, a little bit its like when you go to the kentucky derby, the horse that turns the corner At the end always runs the fastest uh in investing in hedge fund. Investing and remember you know my 12 years of running the macro fund uh, the assets that are ahead in the fourth quarter usually have great finishes because everyone piles on and pushes the valuations higher, and i see that happening right now. I see this confluence event, where the surprise will be. Oh, my goodness, how do we get to 80 000? How do we get to a hundred thousand? How do we get to you know 5 000 in ethereum um. That will be the surprise. Weve pushed a lot to the downside, weve thrown china, weve thrown regulation and the market continues to hold and its holding, because just new money coming in there was 17 billion dollars of new venture capital that went in the first half of the year, uh its just A tremendous inflow of both talent and money welcome back everybody to altcoin daily.
My name is aaron. We have so much to talk about in todays video. There are so many big things happening in america and around the world that signal that bitcoin and crypto are here to stay, and this is just the beginning, of course, who we just listened to. Was the great mike novogratz on cnbc with joe kernan talking about how he feels based on everything he researches and he researches a lot and hes a macro expert. You know renowned, successful investor parabolic moves in bitcoin and crypto are very possible this year. I agree with that. I liked what he had to say make sure that you stay tuned for this second clip im going to play you mike novogratz gets even deeper on the fact that bitcoin is displacing gold, its cool to see joe kernan. You know kind of pair it back the talking points about why bitcoin is displacing gold and how were early in on that, and also he finishes by talking about how cryptocurrency is the worlds first global asset class, global industry in just how early we are on that. I like this stay tuned for this anyways lets, get started with the google news, the mcdonalds news, if youre new to the channel subscribe to the channel like the video. If you appreciate the daily content, if you appreciate us bringing you the real content, make sure you check out our gene simmons interview, rock god, kiss legend gene simmons owns 14 different cryptocurrency assets and in this interview he gets real with us.
Anyways lets get to it. Google, the headline is this: backed partners with google to introduce digital assets to millions of consumers. They dont want me telling you this stuff. You hear that theyre coming for me, anyways google will be introducing cryptocurrency to its millions of consumers, backed partners with google on two things on payments and cloud services. Cryptocurrency investors will gain access to their funds across both services. Let me give you the details. Crypto trading platform backed announces a partnership with google today that will integrate payment services across platforms and make use of cloud solutions to build new technologies. So the partnership is mainly focused on payments. Making crypto payments easy to do under the partnership backed will be able to add their virtual visa debit card to google pay, which will allow the purchase of goods and services wherever google pay is accepted, which is a lot of places. Crypto assets will be converted to fiat currency at point of sale. This makes it easy for the businesses. Bact also announced that it has selected google cloud as its preferred cloud provider and says that it will build and market business solutions powered by their service. According to the google cloud, president, google cloud has been at the forefront powering many retailers and merchants and were proud to help backed accelerate and scale the availability of their innovative solutions powered by google technologies. So again, the key takeaways are this crypto trading platform backed, has announced a partnership with google pay that will integrate each platforms.
Payment services backed will also use google cloud as its preferred cloud provider. The two companies will additionally work to build new, ai and geolocation tools for business insights. You can say this is a small thing. You can say this is a huge thing as far as acceptance and adoption and awareness goes. This is the first step out of a series of steps that i think well see. Many companies make where eventually, google ads bitcoin to their balance sheet or google starts working directly with cardano or ethereum small step. Yet a big step in other news mcdonalds getting into the cryptocurrency nft game in a big way. In fact, surprisingly, this is mcdonalds china to give away 188 nfts on their 31st anniversary lets, find out some details. Fast food giant mcdonalds china releases a set of 188 non fungible tokens on october, 8th to celebrate its 31st anniversary in the chinese markets branded as big mac rubiks cube, the nfts will be distributed among employees and consumers as part of the giveaway. The nfts are built on the conflux public blockchain are now created in partnership with co, cafe a digital asset creation agency, ensuring that each work is unique and divisible and cannot be tampered with. It is important to note that a majority stake of mcdonalds china is owned by siddiq group, a state owned investment company of the peoples republic of china, so its interesting that china is allowing this mcdonalds chinas move to introduce nfts in the market seemingly goes against the Authoritys intent to ban all cryptocurrency operations completely, we saw them kick out.
Miners weve, seen exchanges hiwobi a cryptocurrency exchange from china, they cant onboard new users. Despite all this keep in mind, bitcoin mining difficulty has fully recovered ever since all that china stuff kicking out the miners so bitcoins doing just fine but its interesting that chinas okay with these nfts, i think china is probably not telling us something big, involving cryptocurrency, but I think the even bigger story is that mcdonalds, you know probably the most famous company in the world. You know whats next nfts as happy meals. I could see it. I could see it. Anyways lets get to some other news. Like always guys make sure you tell me what you think in the comments below lets talk about xrp lets talk about bitcoin ethereum, then ill play you that other clip ripple looks bound for profit taking before higher highs. Xrp appears to be catching up with the rest of the market after rebounding from a critical demand zone. So this is what you need to know. Ripples xrp token has bounced off of a crucial support level. Posting 16 gains now its reached a critical resistance barrier that may lead to a rejection. A spike in profit taking could push the asset to 117 before the uptrend resumes. So this is what were looking at with xrp one traders, analysis keeping it on my radar, keeping it on my radar in other news – and this is a big deal. Crypto miners are stockpiling, bitcoin and ethereum coins, so it doesnt have to be both of them, but in this case, were seeing miners keeping as much bitcoin and as much ethereum as they can.
Miners are hoarding billions of dollars worth of crypto. This is what you need to know: crypto miners are not selling their bitcoin and ethereum. The value of crypto assets held by miners has reached all time highs. Wow theyve never held more thats how bullish they are. The data suggests that miners see potential in bitcoin and ethereums future growth aint that the truth, because they see, as you know, the clip we played you in the beginning, parabolic moves up trends in crypto more times than not usually happen at the end of the year And with that being said, lets get to this i mean i do want to talk about stacks. I do want to talk about avalanche, but i really like how mike novogratz finished it about how cryptocurrency is global. This is the worlds first, global asset class and bitcoin will continue to eat golds lunch which, if it takes the market cap of gold, would put bitcoin at 500, 000 per coin. Watch this clip and then well finish up with two news stories: does gold go to? Does gold go along for the ride or is it displaced by this? I think gold is getting displaced, quietly um, you know, gold was 1750 when bitcoin got launched in 1750. Today, and and so early in the year, i had a decent portion of my pa in gold and i finally just kind of gave up on it uh. I think people that were buying gold are buying bitcoin and you know, were still only 12 percent of gold.
Maybe my mass off by percent or two um, and so i think, theres a long way in this replacement trade, its just interesting, if you, if you view it differently and i think you could read a thousand pages on what money is, but you do get to The notion that its its a ledger and what you really need is something that that represents that ledger and gold represented it well, because it was immutable and scarce and pretty and jewelry represented for a long time. But you get a lot of the same attributes uh with bitcoin and some of them even better, because you cant obviously send gold across borders uh. You know through a you know through space. So it is you know. The last thing is what people forget in the u.s right people watch your show in the us and its mostly u.s stocks. Crypto is global. Its the first global asset class weve really had where its more important to people in nigeria than it is to people in the united states, but its its almost all over the world. People are having these conversations, and i was remembered that this morning, when i logged into 4 000 people in london and finally lets talk about defy and nfts on, bitcoin probably heard about stacks well, stacks is blowing up 57 after bitcoin nfts on stacks. Take off. So this is happening. We will keep you informed on how the bitcoin nft and d5 space develops like were seeing right here and then finally, guys talking about ethereum and ethereum interoperators and competitors actually talking right here about avalanche 335 projects in 12 months, rapidly growing avalanche ecosystem.
You can see it right here, so avalanche is definitely part of the conversation. Let me know what you think about everything we talked about in todays. Video talked about a lot. If you appreciate us coming at you on the weekend, give the video a like subscribe to the channel watch, the gene simmons interview.