Where do you stand on this in terms of a rate hike or a pause?

Yeah.

So so like I said in that tweet, everyone was focusing on the one report that that was hot.

But there was actually four numbers.

There was year over year PPI and then there's core PPI.

There was month over core PPI and there was month over month regular PPI.

Of the four of them, two of them matched expectation.

But if rate hikes were to occur, and you consider what's going on with Circle right now as a stock in general, Where would you play Circle if rate hikes go up? Because, I mean, this is going to most likely drive stablecoin yields up if we do see a rate hike.

What do you think? Chainlink bottomed or not?

I think Chainlink's another coin.

Very good evidence for bottom.

I did say on my show yesterday, I think it's interesting.

Charles Schwab at this point only had Bitcoin and Ethereum listed.

Solana made a lot of sense.

If you're going to think about listing the big cryptocurrencies, you've got to think Bitcoin, Ethereum, and then XRP people will say XRP should be that number three.

Varies by state.

Where do you feel the market retraces to after that? I am sure we're going to see a wick.

Yeah, I think it's one of those things until Bitcoin breaks above its bear market trend, I'm still predicting a new low coming.

To me, interestingly, as the chart guy here, I'm going to go and say I don't care if Clarity passes or not.

I see a window under both situations where Bitcoin can pull back.

And I'll kind of explain my thinking there, but I'm still watching this yellow line right here around 53,000.

This is a level I tagged months ago as the level to watch.

And until I'm proved wrong, that is still my level I'm watching.

It could be one of the stars, maybe ever.

No, no, no, it makes sense.

Um, very, very good culture in terms of social culture at Glenelg.

High, high round, high member round.

I mean, we do between s- 60, 70,000 rounds of golf.

It's a busy golf course.

But, um, oh, look, it, we got a point of difference in our design.

We're not a long, overly long golf course.

[laughs]

What do you see in the charts?

Whether you believe in the four-year cycle or not, you're going to come to a similar conclusion at this point.

I'll tell people like I was anyone who has watched my channel.

If you were watching me anywhere in this time period back in here, I was not a four year cyclist.

I believe that institutional adoption for the first time would change the four year cycle and that we would potentially bottom early.

The problem has been that it was all resting on will the clarity act and will regulation in the United States actually be set? And then it could ripple into other countries.

And we'd had this, you know, trillions of dollars of institutional money coming back in.

Do you see them coming back or at least some of them?

Where would you put Bitcoin today? Is this a buy for you or is this just a hold? Where are you right now on Bitcoin?

You know, it's very interesting.

When I look at the charts, I'm going to show you guys there are some buy signals.

So I did buy Bitcoin and a couple other altcoins here recently.

What's very interesting is Ben Cowan just put out a tweet here talking about how it's very normal to have the beginning of these midterm years be downward trend and then the real DCA should start.

in early Q3 of the midterm years.

Well, guess what today is? Today's the 2nd of July.

Tell me something

What did you think about the takeaways from yesterday's meeting?

Yeah, I mean, there are some disappointments for sure.

I think a lot of people were expecting him to come in and be the opposite of Jerome Powell, maybe be more animated, maybe tell us a little more details, maybe come in extremely dovish, and that's just not what happened.

But if you look at some little things, first of all, he's a good political figure.

The amount of times he went back to read the official statement instead of giving a straight-up answer, that's a political move.

But when you hear him talk about his relationship with Besant, that stuck out to me as saying, okay, that is very, very interesting.

Also, people don't like how many times he said the word, but the task forces and the concept of these task forces working to reevaluate how they collect data.

Where would you put Ethereum?

Where does this stop?

So as I said earlier, Paul, I've been tracking and predicting a sub 60K move here, even all the way back in February when we made the move down to 60K.

And I had three targets that I was really watching conservatively around 58,000, more aggressively around 53,000.

And then my like extreme situation on this next move could have been all the way down here to 48,000.

Right now, what's happening, we just wicked sub 60K.

Even more interestingly, you're going to see a lot of people talking about this on the technical analysis side.

We just touched the 200 weeks, excuse me, that's the EMA, the SMA, the 200 week SMA just got hit today coming in here around 61.7-ish.

Is that enough to move the crypto markets? Or do you feel like we still need the Clarity Act this summer in addition to the macro pressure to move the market?

How do you think this affects the major assets, especially Bitcoin and ETH? If you chart Bitcoin right now, where do you feel like this falls if, in fact, Cudmore is right and we see a pullback?

Yeah, well, here's something we got to start off with that people have been talking about in the crypto community for years.

And that is when will Bitcoin finally kind of separate from traditional risk assets and the stock market overall and do its own thing? I don't think this is the way people want to see it happen because that's kind of what we're seeing happen, Paul.

We're seeing a division and a split between traditional finance and crypto.

The gist is we wanted to see crypto go up and TradFi go down.

We're seeing TradFi go up, crypto go down.

But in the same thought process, though, I think it's going to be a perfect storm.

Where would you put ETH on the chart right now in comparison to your 48K to 53K Bitcoin? Yeah.

Where would you place it today right now?

Well, I'll say one thing.

This is the first time I actually had a video about this.

And you know what? Trends break.

It happens.

This is the first Bitcoin conference, Paul, that the days after the conference actually were bullish.

Every other conference has been bearish.

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