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What would it take to get Bitcoin back to 100,000? Bitcoin right now is in the danger zone. Don't have to happen. We have officially put in a lower low under the 200E moving average. This is the first time we've closed below the 200E moving average since 2023. And yes, we understand that historically the 200E moving average has always tended to mark around fair value and been a great buying opportunity. Why should I buy Bitcoin and get it back to 100,000? But is it this time? Is it today? Because just looking at the last two years of performance for all markets, the S&P 500 is up 34% in 2 years. Gold is up 75% in two years. Nvidia is up 69%
nice in two years. Yet, Bitcoin has returned 0% since 2024. One of the beautiful things about investing is you want to buy things before they're in favor. So, you want to be non-conensus and then you want to hold that asset as it becomes consensus. People bought Bitcoin when it was $100,000 on your recommendation. Well, I don't wasn't recommending anything. What I've been saying for a long time cost average pointing toward average Bitcoin. It did. It went up another 25% from there. Yeah. Now it's at half the value. Now it's down 58 grand. What is the catalyst that can push us back above $100,000 again? And do not say the Clarity Act. I understand that Congress has scheduled a hearing for the
Clarity Act on July 17th. This is coming up. I will be sharing with you day of updates on this. So make sure you click subscribe, have the bell notifications on. This is important. But what's the real reason that crypto markets continue to bleed? And before I share with you the data, I thought this was very interesting insights insight from Coinbase's head of institutional strategy, John Augustinino, on the micro catalysts he's seeing for crypto under the hood. This is significant. I have the luxury of being at Coinbase where I'm seeing what I call micro catalysts almost every day. Uh stuff that doesn't really make the front page of the news. Uh but the other day we just did the first uh stable coinbased
payment for independent journalists to condense the time they take to receive money from their advertisements from 90 days to one day. Um we've seen u things like um uh Scott Sornetta who was on your show using blockchain and cryptocurrency to solve the problem of deep fakes uh via artificial intelligence. uh we've seen over 40 countries uh commit to buying Bitcoin uh in some fashion for their national balance sheets or other. So I'm seeing every day a deluge of new institutional investors that are interested in the asset class. So I appreciate for folks who don't have that perspective. They're looking for some grand gesture or grand event. Um but for those of us who have the luxury of being on the inside, uh all we're seeing is steady
growth even if the headlines don't match. And here's a headline. Case in point, circle stock dives. This is the company behind USDC stablecoin. It's in freef fall the stock as Coinbase, Black Rockck, and Visa back open USD stablecoin. So many of you were asking me about this. Circle the issuer of USDC is an absolute freef fall today. This happened after Visa, Google, Black Rockck, Coinbase, and 100 plus other institutions announced their plan to launch a stable coin. O USD circle stock down over 16% on the news. So introducing OpenUSD a stable coin built for the internet economy designed by the businesses growing it. And to me this is signal that if Black Rockck and Google
and Visa are integrating the crypto rails blockchain rails in their business. Crypto is not going away. The key obviously though are which cryptos is this built on? Is this built on Solana or Ethereum? What is this good for? Well, OpenUSD introduces three key design principles. It's built for scale, so businesses can mint and redeem OpenUSD at no cost and with no artificial limits on volume. You can earn yield by default. partners receive all of the earnings from OpenUSD's reserves less a small management fee to cover their operational costs and govern collaboratively. Meaning all these institutional partners, Black Rockck, Google, Coinbase, Visa, they will all be equally sort of a conglomerate in
control of the protocol. So not a single entity but a bunch of corporations. And I know what you're thinking, Austin, this is not crypto. This is not decentralized. This is not permissionless. This is permissioned. There's this is how they control us. And the answer to that is obviously stable coins are by definition permissioned. They're by definition controlled by a centralized entity. Bitcoin and Ethereum are the protocols that will grow in tandem. The decentralized permissionless. But I do believe this space will grow together. There's room for all of us. There's room for everything. The space is blossoming.
Wow. And this shocked me. Look at all the businesses that are now in control of this or partners of this. We have Visa, Stripe, Mastercard, American Express, Moneygram, Western Union, etc. We have Black Rockck, BNY, Standard Chartered, smaller banks. We even have Google, Samsung, and Door Dash is in control. And I get that Door Dash does tons of daily volume in transactions. They want something faster and cheaper and settled more instantly. And this is where the signal comes in for me on which cryptos will be utilized as the infrastructure. Solana is backing this.
I would say this is good for Salana. Ripple is backing this. Maybe this will be on Ripple's RLUSD. We have a so. So that's Ethereum. We have Polygon. That's an ETH2. We also have Stellar, Aptos, Plasma, Rain, which is a new network. So by all accounts, this looks like it'll be multi-chain. So again, you can say that, wow, is Bitcoin worth buying around the 200E moving average. Maybe the story's over. Maybe this is how it ends. No, crypto is being built into the financial system. It's being baked in the plumbing. And for every time you get angry that Visa cancels your transaction or Coinbase is down at the top of the market so you can't sell, Coinbase app isn't working or Door Dash or Google are
stealing your data, using your data, maybe cancelling your transactions at a whim. The bigger permissioned systems get, the more we need decentralized, permissionless systems. This is good for crypto. Of course, there's this. Most cryptocurrencies don't survive more than a few years. Of 2021's top 100 coins, 89 of them are worth less today, while Bitcoin is up 81%. But the point is, which altcoins are still showing potential? Well, this is why you subscribe to altcoin daily for an edge investing in crypto by staying upto-date on the news. And this is bullish. Just in SoFi, which is a major financial company, their stable coin, SoFi USD supply has increased from 100 million to 300 million in just 5 weeks. The best
place to find liquidity and user growth for stable coins is on Solana. So again, this hasn't really affected price, but these are transactions and users that are growing on the network. They chose Solana. Also big news with exchange partner Binance. We are proud to be the first crypto exchange partnering with Anchorage Digital to bring banking triparty to institutional crypto trading. So what this means because Anchorage Digital like Binance very reputable company and by partnering with Anchorage Digital institutional clients gain an additional trusted option for their triparty banking needs maintaining independent segregated custody of their assets while assessing Binance liquidity for their trading needs. Custody and
execution separated the way institutions expect. So again this is signal showing the 200WE moving average again may be quite the buying opportunity for what could be 3 5 years from now. And this is interesting. We see all the tokenized RWAS by asset class. Meaning what is being tokenized? Well, obviously US Treasury debt, commodities, assetbacked credit, finance things, corporate credits, stocks, US government debt, etc., etc. We get it. But what's interesting is more than half of these tokenized RWAs are live on Ethereum's mainet. This is showing the network effect of Ethereum. It may not be the fastest. It may not be the newest, but they like the network. They're joining the network to be connected to the liquidity. And of course, if you're
wondering why crypto continues to bleed out today, if there's such bullish news, what's with the bleeding? Well, global bond markets are imploding. This is stealing liquidity. So, we see Japan's yield on their bonds are going up. We see German bond yield is going up. USA 20-year bond yield, 30-year bond yield going up. And what this means, if money can get a higher yield by putting it in the safe thing, right? Putting it in a thing backed by governments, the big money, we'll just say, "H, this is safe and I'm getting a better yield. It's incentivizing me to keep my money here or put my money here." And of course, this means less money in the short term for more quote unquote risky
assets. Eventually, though, that will change. Bitcoin had a great 2023 into 2024, beginning of 2025 and now it's a dog. Everything is outperforming Bitcoin and crypto in the last two-ish years. If you believe in the asset, which I think it's clear crypto as a space is only growing. This is when you want to get involved in an asset when everybody has forgotten about it. Anthony Pompiano on Fox Business defends himself on why Bitcoin and crypto long-term is a great opportunity. Why should I buy Bitcoin and get it back to 100,000? One of the beautiful things about investing is you want to buy things before they're in favor. So, you want to be non-conensus and then you want to hold that asset as it becomes consensus.
People bought Bitcoin when it was $100,000 on your recommendation. Well, I don't wasn't recommending anything. What I've been saying for a long time cost average pointing toward average Bitcoin. It did. It went up another 25% from there. Yeah. Now it's to half the value. Now it's down 58 grand. If you go and you look over the last 10 years, Bitcoin has compounded at something like 60% every single year. And you need volatility. I think that's actually one of the big misunderstandings about investing is that most people, they're scared of volatility. They run away. They want to hide in bonds. Bonds are losers. You go and you hold something that doesn't move at all. It just loses value over time.
But the best investors in the world, they're looking for volatility. Right now, AI is volatility to the upside. Bitcoin is volatility to the downside. But if we go out over the next couple of years, I think both of these assets are going to continue to be very, very volatile. And that's ultimately where the returns are going to be is you want assets that have volatility. Click subscribe for one video per day, keeping you informed. And like always, see you
