The Wolf Of All Streets

“Peter Schiff admits he's surprised Bitcoin held its gains while gold reversed its rally, but still expects Bitcoin to hit new lows "Gold lost pretty much the entire rally on all of the tough talk from the Fed about raising rates and fighting inflation. Bitcoin, on the other hand, held on to its gains." "Prior to that, gold had a big move and then a big correction. Bitcoin never had the big move. Bitcoin had the big move a long time ago, and Bitcoin went way down. So, Bitcoin was down around $60,000-ish before that news, and now it's $85,000. So Bitcoin has held on." "Whereas gold had gone up to $5,500, then had fallen to about $4,000. The news did shoot it back up to, like, $4,600, $4,700, but now it's right back down to $4,000. Whereas Bitcoin is not back down at $60,000." "Bitcoin hasn't given up those gains, which has surprised me a bit, because I expected Bitcoin to go down. So I don't really know what's holding it up. I do expect it to go down. I do expect it to make new lows. I just would have thought it would have happened already."”

“Michael Howell on why you need crypto and gold as hedges: China is driving this rally, and the West's monetization hasn't even begun "A lot of people attribute the rise in gold to monetization. That's not true. The real monetization in the West hasn't started yet." "Politicians are going to kick the can down the road, as they have for the last 100, 120 years. You're not going to get a financial crisis, you're going to get a progressive devaluation of paper money. That's why you've got to own things like cryptocurrencies and gold." "It ain't financial repression. It's monetary inflation. Financial repression destroys your income. Monetary inflation destroys your wealth. That's far more important for the majority of people." "China is pricing the gold bullion market at the margin. They're the important buyers. The PBoC is doing that, but also Chinese retail." "China is suffering debt deflation. The economy is slow, prices are falling, they're wholly dependent on fiscal spending or export growth. Classic debt deflation is what Japan saw." "How did Japan dig its way out? It devalued the yen. It printed money. China has to do exactly the same thing. It has to devalue the yuan. And that's the scary thought." "What that means is monetization en masse around the world. Politicians everywhere, East and West, are going to kick the can down the road. That's why you need monetary inflation hedges."”

“BREAKING: BITCOIN CRASHES TO PRICES NOT SEEN SINCE MONDAY”

“Respectfully, I would not wait for lower $BTC prices. If you were waiting for 40k at 60k, all of the data should force you to reconsider.”

“BITWISE CIO MATT HOUGAN: "THE BITCOIN RALLY WILL CONTINUE UNTIL THE DEBT SITUATION IMPROVES."”

“Why This Bitcoin Dip Is Actually Bullish | Mike Alfred https://t.co/ADVugpU1PH”

“"Why is Cardano up as much as Bitcoin right now?" Austin Campbell on why he's fading most of the alt moves in this market "I feel pretty good about Bitcoin, and pretty good about some of the high quality alts like Hype. I feel really bad about the rip being extreme in some of the altcoins on the back of this, because nothing has changed fundamentally, it's just a sympathy and correlation rally" "It's worth saying out loud that you might want to be long Bitcoin and fading some of the alt moves in this market if you really believe the inflation" "I feel good about Bitcoin, I probably feel good about growing stablecoin notionals. I'm not sure I love a lot of the alts here, especially those where tokenization is not happening in conjunction" "Something that has no utility and no fundamental way to value it is maybe an easy fade, because it just caught a bid in the nonsense and went up more because there was zero liquidity on it. I know people are going to be angry, but I'm looking at the screens and I'm like, why is Cardano up as much as Bitcoin right now?"”

“The same signals that marked the bottom are now showing up as signs of a local top "A lot of the signals we saw that were very key signs of a bottom are now showing up as key signs of a local top. I do not think this move is over, I'm just getting excited to hopefully buy some dips as price drops here. Bitcoin has a tendency not to give you the dips you want, but that's what I'm looking for" "Those signals are overbought RSI now. We had almost historically high RSI on the daily chart. We're seeing bearish divergence with overbought RSI on lower timeframes, meaning strength abating even as price continued up" "And we're at key levels of resistance. The 50 moving average on the weekly chart, we basically went right up to it and got rejected. That's the kind of area you'd be looking for price to retrace below, to gather up strength to go back above"”

“Massive bullish signal for the crypto market: $ETH almost outperformed bitcoin:native by DOUBLE "Ethereum almost outperformed Bitcoin by double, which I view as a massive bullish signal for the crypto market, because this wasn't just Bitcoin money" "We had Ethereum, crypto money coming in" "We had all kinds of additional evidence here that actual money is coming in"”

“Bitcoin sending.”

“Bitcoin Will Hit A $10 TRILLION Market Cap - @Scaramucci https://t.co/K8OAq5EZor https://t.co/XQWdrlzQWo”