Q4 Breakout Upwards!
Prepare For New All Time Highs
Hey Friends,
September is over and we’re now in Q4 which is expected to be very bullish. Using Bitcoin as the benchmark, we’re expecting the price to hit new all time highs by the end of Q4. As we’ve seen historically Bitcoin pumps then Altcoins pump aka Altseason.
PlanB’s Bitcoin Stock to Flow model is on track, and we could see a $100,000 plus price by the end of the year. Right now the model is predicting a December close price of $135,000.
Most Bullish News From The Past Week
Fed Chair Jerome Powell said the United States has no plans to ban Bitcoin and Crypto. This is extremely bullish as its an indirect endorsement of crypto and a 180 from China’s ban. It will give investors, institutional and retail, more confidence in the crypto market.
El Salvador’s Chivo wallet adoption is increasing rapidly with 2.73 million peiple using it. The country is also mining Bitcoin with energy from it’s volcano.
Visa is working on a system that would connect blockchain networks with businesses, CBDCs, consumers to transfer digital currencies.
Illinois state Representative Margaret Croke is looking to make Illinois the next Crypto Hub. We’re seeing more and more government officials moving towards crypto adoption.
SEC Ripple XRP Lawsuit
We could potentially see an end to the SEC’s lawsuit against Ripple in Q4. This is a crucial case for the entire crypto market. Fingers crossed this wraps up soon and XRP gets relisted on US exchanges.
Attorney John Deaton went on FoxBusiness yesterday to talk about the lawsuit, the motion to intervene by XRP holders, and the conflicts of interest with Jay Clayton and William Hinman.
Interviews Recap
Dan Tapiero - Macro investor and gold bug is now investing in Crypto. His fund 10T Holdings has raised $750 Million to invest in crypto companies.
BitBoy Crypto Ben Armstrong - BitBoy Crypto is the largest crypto YouTuber with over 1 million subscribers. He shares his throughs on the crypto market and being a YouTuber.
Halsey Minor - Internet legend who founded CNET, Uphold, VideoCoin, and CoFounded SalesForce - he is bullish on crypto and VideoCoin is building the infrastructure for Video NFTs.
Interviews in the works
Romain Pellerin (Cardano) - Confirmed
Mike Belshe (BitGo) - Confirmed
Caitlin Long (Avanti) - Confirmed
Hester Pierce (SEC) - Confirmed
Chris Giancarlo - Confirmed
Sean Ford (Algorand) - Confirmed
Luke Mulks (Brave & BAT) - Confirmed
Monica Long (Ripple) - TBD
Brian Brooks - TBD
Nikos Andrikogiannopoulos (Metrika) - TBD
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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.
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