🚀Bitcoin Pumps to $35K & Big Crypto Regulation News!
Bitcoin continues its surge and Ron Hammond of the Blockchain Association joins me to talk the latest with US crypto regulations.
Hi Everyone!
Bitcoin continues pumping and hitting new highs for 2023🤑. Last night it crossed $35,000 and is looking very bullish.
BTC is moving like it did in 2019 after the crypto market bottomed.
💠Some thoughts on this Bitcoin rally:
1) In my opinion, this is a buy the rumor sell the news event for the Bitcoin Spot ETF approval. Be sure to take profits.
2) This rally is not a move to new all time highs but a retracement similar to what took place in 2019. I think we top out around $40-48K. Once BTC tops we will correct to the $27-$28K range and move sideways into the halving. Most likely the price will be around $35K at the halving in 2024.
3) New all time highs will happen in 2025. Altcoins will go bananas in early 2025.
📰 Crypto Regulation News
Here is my interview with Ron Hammond of the Blockchain Association. We discuss:
SEC Gary Gensler taking losses and losing support
Upcoming Congress Crypto Hearings
Tom Emmer as the potential pro crypto speaker of the house
BlackRock’s Bitcoin Spot ETF Approval soon?
Elizabeth Warren Hamas FUD & Invitation to Blockchain Association crypto event
IRS Crypto tax reporting
Elon Musk & Mark Cuban team up against the SEC
Listen on Spotify
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-Tony