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Why do you even try w with Bitcoin or Ethereum? What's your comparable analysis to be able to come up with anything to make predictions about Bitcoin or Ethereum? There's there's nothing that you can base it on. Breaking news. Michael Sailor sells their Bitcoin. Oil is surging as the Iran negotiations comes to a screeching halt. This combined with the fact that the banking lobby has officially declared a war on crypto market regulation, the Clarity Act, banks will not accept it. What are you going to do about it? We'll fight it. If we lose, we lose and we'll live. Yeah. Okay. But it will be fought. And yet there are bottom signals everywhere, especially for altcoins. My name is Aaron. This is Altcoin Daily. If
you're interested in making money in crypto, subscribe to the largest crypto community in the world. Smash the like button. Send this video to a friend. The storm has officially arrived. So much is going on this week that affects you as a crypto holder. Let me clue you in today. Oil surges back above $100 as Iran ends negotiations with the US and vows to block the straight of Hermoose. This is a major 180. Talk about a turn of events as exactly nine days ago, President Trump said a deal with Iran was coming shortly. Yet today, Iran has abruptly backed out of all negotiations and has announced they are blocking the Strait of Hermoose indefinitely and in fact blocking both of these key passages
indefinitely. With June of the midterm year historically being a bad month for Bitcoin price appreciation, down 37%, down 14%, up only 2%. One thing is for sure, it's going to be an eventful month. And like I said, do not be fooled. There are major signals that I need to show you. Historically, when this bullish cross right here has occurred and the RSI has bottomed, a move to new all-time highs has always followed. Right here, right here, right here. The reckoning is upon us, guys. Again, smash the like button if you're getting value today. And with the stock market just going absolutely crazy, stocks doing what altcoins should be doing, the question is why would anyone
buy crypto right now when stocks are actively doing this? Crypto is extremely undervalued. And before we continue, let me take 30 seconds to tell you about this huge promotion. You can earn free money anywhere from $54 to $6,500 for free because OKX is partnering with Ripple to run a deposit match campaign rewarding eligible US users in RLUSD, Ripple's USD pegged stablecoin. So, you deposit anywhere from $10 to $50,000 of any crypto or fiat and you earn a 4% match in RLUSD. If you deposit over $50,000 to $100,000, that unlocks a 6% match. This is in addition to their other new user bonus of up to $500.
Take advantage of this right now. This is free money to you. Rewards are paid out every 14 days over 25 week cycles and are tradable from day one. This promotion runs until June 17th. So, sign up for OKX, earn free money. I've never seen an exchange promotion this easy and for this much. Sign up for OKX start trading free money to you and use my partner link below for max rewards. Let me tell you why today is one of your final chances for great entries into this asset class. First of all, right here, this is the perfect backdrop for crypto to rally hard. Breaking US manufacturing just came in hot. the ISM, PMI, the business cycle hit 54 when the expected number was 53, which it hit 53
the prior four months, and now we're at 54. It is projected to go even higher. And keep in mind, this is the highest ISM manufacturing reading in four years. Demand for manufactured goods is accelerating. Every alt season aligns with business cycle expansion. Today's ISM data says that's exactly where we're headed. Stocks are already responding. Crypto hasn't yet, but when it does, it's going to be biblical. Do you understand how undervalued Bitcoin and crypto is compared to every other asset on Earth? Everything is at all-time highs except Bitcoin. But here's what
most people are ignoring. We've already seen global equities rally, metals rally, oil rally, and even effing potatoes go parabolic. The only asset class that is really undervalued right now is crypto. And money usually rotates from overvalued to still undervalued. And if that happens, the crypto catchup rally will be absolutely violent. Smash the like button if you're getting value in today's video. Tom Lee has been under a lot of fire lately as to why crypto isn't performing like the rest of the market. CNBC host Joe Kernan holds Tom Lee's feet to the fire in this clip and makes Tom fully explain the Bitcoin and Ethereum bullcase from here in less than 3 minutes saying I think there are
people rage quitting selling here as if something is wrong. That always happens at the end of crypto winter. Bitcoin and Ethereum really are the future of money explained in less than 3 minutes. You know, on the one hand, crypto's been disappointing because crypto should move with equity markets and it should be rallying with software. Software has really started to rally big and crypto hasn't moved. Um, so I think there are what I call quote rage quitting. People selling here as if something is wrong. I mean, one I think that's what always happens at the end of crypto winner. You know, if someone asked me, is the thesis for Bitcoin or Ethereum
broken? You know, it's absolutely not because one, the more work we do, and we're hearing it from founders like Palanteer, Bitcoin and Ethereum are really the future of money because mass and compute or comput and energy, however Elon puts it, really are what's scarce. And you're going to need to control agent systems. And as age AI systems evolve, right, we're now talking about using commerce and operating websites. You need decentralized identity and verification. That's really what crypto does. And we know Wall Street wants to go towards tokenization. It's a vast improvement in efficiency of the of actually how money moves and it's an innovation. Well, that only happens on Bitcoin and Ethereum and
other smart contracts. So the future isn't changed but the spotlight today is of course on semis memory starting on software but as people focus downstream into the future that's really I think when the bid comes for bitcoin and ethereum why do you even try w with bitcoin or ethere what's your comparable analysis to be able to come up with anything to make predictions about bitcoin or ethereum there's there's nothing that you can base it on Tom except maybe psychology or sentiment or something. Yeah. Um well there's yeah actually uh market sentiment is plays a huge role because it's sort of essentially risk premia but there are two uh proven ways to value um crypto. One of course is
just network usage because wallets and activity per wallet still explain like even now 87% of the rise of bitcoin. So, as long as more people use it and they're transacting it, the value of Bitcoin should go up. It's a network effect. And the second is the umbrella value of gold. You know, gold at when it hits 5,000, if Bitcoin had the same network value as gold, and gold is not as scarce as Bitcoin, that would put Bitcoin at around 2 million. So, to me, I think there's still two ways to look at the value. And of course for Ethereum, it's been shown for every dollar of tokenized assets, you know, tokenized dollars or others, it's created $1 value for it for ETH, the coin. So if you
believe Wall Street's going to tokenize, Ethereum's price should go up a lot. And yet another big reason why Bitcoin is down today is because today Michael Sailor's strategy has finally sold some of their Bitcoin. The market is taking this news totally wrong. They don't understand how selling such a tiny amount of their Bitcoin actually helps them accumulate way more Bitcoin. This is a net positive. Michael Sailor has explained this many times before. I think that in these periods, even if we were to sell one Bitcoin, we'd be buying 10 to 20 more Bitcoin. So, you're really talking about a situation where we buy 10 Bitcoin, sell one Bitcoin, buy nine net Bitcoin, and continue to create
Bitcoin. It's it should be a non-issue after people understand it, but right now it's a colorful area of commentary. Is it possible for you to comment how do you sell one bitcoin and buy 10? Yeah, so the number one bitcoin accretion engine is stretch. Uh we sold $3.2 billion of STRC in uh April. So we bought $3.2 billion of Bitcoin. The dividend is about 80 to 90 million. So in the month when we're raising three billion, we're we need to come up with uh 80 or 90 million to pay the dividend. So you would be in essence, you would be buying 30 Bitcoin, selling one Bitcoin. If I was being more precise, I say never be a net seller of Bitcoin. It just
wouldn't have been so viral or so catchy to say never be a net seller of Bitcoin. And talk about bottom signals. Now we have Mark Cuban has sold, Sailor has sold, Black Rockck has sold, Willie Woo has sold, David Hoffman has sold. Who else is starting to get kind of bullish? And the other piece of news that really scared the market today is that the banking lobby has officially declared its opposition war on the Crypto Clarity Act. In fact, JP Morgan CEO Jamie Diamond went on national television this week and promised to fight the bill, saying the banks just will not accept it. Are you happy with the way the Clarity Act is turning out?
No. I mean, what are you going to do about it? It is. We'll fight it. If we lose, we lose and we'll live. Yeah. Okay. But it will be fought. This will not be that No, no one's going to bow down to this guy, okay, or that company. So, not only do we know that JP Morgan is secretly bullish on crypto, we know that the Clarity Act is looking like it could pass before midterms. Most people are pricing this into the market as if this isn't going to pass. If you listen to what people in the room are saying on whether it will pass, they say they feel good about it. Coinbase Exec says crypto has interestingly become the most bipartisan issue in Washington and this will be the biggest financial regulatory
common sense bill since DoddFrank. You say that this is crypto's DoddFrank moment. What do you mean by that? Well, this will be actually the biggest financial regulatory bill the Congress has done in quite some time, certainly since DoddFrank. But what this does actually is it creates clarity for the crypto sector. But interestingly, you know, notwithstanding the concerns from the banks, it actually creates an a broad range of new powers for the banks. In fact, this will be the first piece of legislation since the '9s that gives the banks new authorization uh to get into the crypto space. I know JP Morgan wants to get into it. Every other big bank wants to get into the crypto sector. We
are welcome their entry. We work with many of them in helping them build the services that they want to offer their customers. So, it's a big important piece of legislation. It's transformational in its nature and you know and we're very close to getting it done. How confident are you that it's going to pass the Senate? Look, I feel very good about it. I think the Republican caucus is pretty unified. The president's been putting his shoulder uh into this and there's a very large group of Democrats who want to get this done. We got about 80 Democrats in the House who voted for this. Uh, and I think we'll get a proportional number in
the Senate. Um, crypto, interestingly, has actually become the most bipartisan issue in Washington. It was probably the singular bipartisan achievement of last year, and I think clarity will be the big bipartisan achievement of 2026 going into the midterms, and that's pretty exciting. Bitcoin dominance looks ready to dump hard. This will send alts higher. Ethereum looks exactly like the last bottom. Last time people called it dead, a year later, Ethereum was trading three times higher. Think about the opportunity. And it's not just Ethereum. Altcoin dominance is now attempting to reclaim the longerterm moving average, the yellow line, for the first time since October of 2022 as the golden cross looms in September of 2026, which
it pumped into the prior two times back in 2016 and 2020. Altcoins are looking bullish for the first time in a long time. This is turning into a big week and a big month for crypto. So, make sure you follow along. My name is Aaron at Altcoin Daily. I will see you tomorrow my
