Bull Run Holding Period
The slow move to a massive upward movement
Hey Friends,
Bitcoin feels coiled right now and we’re waiting for the explosion upwards. The crypto market is so interesting, it can move at such a rapid pace with huge price actions so when it moves sideways it almost feels boring even when Bitcoin is over $60,000 and Ethereum over $4,500.
We’re still on track to new all time highs. Remember Bitcoin will pump first then Altseason will follow. Here is an updated chart from PlanB showing the Bitcoin 200 WMA and realized cap.
Pretty soon we will see a massive breakout, so have a plan for which price points you’re planning to profits at.
Most Bullish News From This Past Week
US city Mayors are turning bullish on Bitcoin. Game Theory is playing out with both the newly elect NYC mayor Eric Adams and Tampa mayor Jane Castor looking to get their paychecks in Bitcoin.
NYC Mayor elect Eric Adams wants to create a CityCoin called NYC Coin the same way Miami did.
Members of Congress want a Bitcoin Spot ETF! Congressmen Tom Emmer & Darren Soto send a letter to Gary Gensler and the SEC asking for Bitcoin spot ETF approval.
Microsoft wants to create its own Metaverse following Facebook’s move in this direction.
Australia's largest bank, Commonwealth, will be the first Australian bank to offer the ability to buy, sell and hold crypto assets directly.
Star Financial Bank (Star Bank) says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers.
Digital Currency Group, which owns Grayscale Investments, raises $700 million with a $10 billion valuation
Crypto sponsorships continue to ramp up as NFL player Aaron Rodgers will now be paid in Bitcoin via Cash App.
Burger King is partnered with Robinhood to give away free crypto to customers who spend more than $5 in November.
Thailand’s oldest bank, Siam Commercial Bank (SCB), buys 51% of a crypto exchange named Bitkub.
Interview Recaps
Actress Jennifer Esposito is crowdfunding her new film using tokenization and NFTs on the Ethereum blockchain. This is a disruptive move and a sign of things to come.
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Celsius Network CEO Alex Mashinsky talks about the company’s recent $400 Million funding round.
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Hugo Philion, co-founder and CEO of Flare Networks, discusses what’s new with Flare and the SongBird token airdrop.
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Matt Hougan is the CIO at Bitwise Asset Management. He discusses the new Bitwise Polygon Matic fund, Bitcoin Futures ETF approval and impact, Bitwise pending ETF applications, and much more!
Interviews in the works
Patrick Stanley (CityCoins)
Saifedean Ammous (The Bitcoin Standard)
Bill Ottman (Minds Social Network)
Senator Cynthia Lummis
Monica Long (Ripple)
Raoul Pal
David Schwartz (Ripple)
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Crypto Taxes
Are you tracking your taxes for your Crypto trading? Be sure to do so, I personally use TaxBit to help me prepare my crypto taxes which I then share with my accountant. Visit TaxBit’s website to learn more.
-Tony
Disclaimer - Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This newsletter is for educational purposes and NOT investment or financial advice.
❤️❤️❤️ Superb