THIS IS F*CKING INSANE!

Added: 2026-05-05

[00:00:00]Okay, this is effing insane. And I I realize that you have to be careful on YouTube. You don't want to swear, but the fact is there are some big things happening today that are actually insane that are actually really beneficial for you to know that you should be taking advantage of. And I want to go through them. If you don't mind, hit subscribe.

[00:00:19]We'll get really into the content pretty quickly here. Just before we get started, hit subscribe so you can see the future videos. Also, if you want to trade crypto, check out the links in the link tree. Bitfy has about 24 hours left where you can get up to $10,000 just for trading on the platform like you normally would. You can get between $130 and $10,000. And there's a deposit bonus going on as well. Right now, we have Bitcoin spiking, so maybe you want to trade this move. See, I hadn't loaded the page in a while. It logged me out and the price had run away from us. So, check that out down below in the link tree if you want to trade this move. We are getting very close to prior resistance. So, just know that. Um, we also have a deposit bonus. Deposit 100, get $100 on Yubit. And we have not that we have a 10% deposit bonus over on BTCC. Now, the markets are racing up today. Bitcoin is over 75,000. The S&P 500 is nearly at all-time highs, 6926.

[00:01:23]Keep in mind we are.7% away from a record high close. Like we are very close. We've had 10 green days in a row. This is the well this is the 10th green day if we have it. Um this is the most green days that we've had in a row since 2023.

[00:01:41]Basically the last bare market. Bitcoin getting very close within about $400 $300 of the previous resistance right at 76,000. We've been setting higher lows.

[00:01:53]So everything looks quite bullish here.

[00:01:55]Why is this? Well, over the weekend we heard that uh that the talks between Iran and the US broke down and people were really fearful of that. I said, "Hey, we don't really know what's going on. I'm going to continue to buy high quality assets when they're at good prices." And what do you know? Some more news came out on this. Uh first of all, we may actually see a new round of negotiations taking place on Thursday, just two days from now. Uh Trump said, "We've been called by the other side and they want to work a deal." Now, to be fair, uh who knows really who called who and at the end of the day, I don't think we'll ever know, but another round of negotiations is positive. And we also got a lot more news from the New York Times saying that Iran offered to suspend their nuclear enrichment program for 5 years. JD talked to Trump and Trump said, "No, that's not good enough." And they asked for 20. So a second round of talks are likely going to happen in Pakistan most likely. But what this really shows is just the fact that both sides are willing to talk and they are talking. They're making a deal.

[00:03:02]Maybe they meet in the middle at 10 or 15 years or something like that. Um Trump I think just basically doesn't think that uh if they put it off for 5 years that it's going to be worth it for everything that's happened. So either way, this is positive because this shows that they're actually talking. They're actually, I'd say, fairly close to a deal. Like we could get a deal any day when they actually meet. Um, and both sides really want to get the deal done.

[00:03:28]Iran has been careful not to shoot at any US Navy boats that are in the region shutting down the straight of Horu Hormuz as well. Oh, we got that news over the weekend that basically Iran's been blockading, but now the US is blockading as well. Um, because they don't want even Iran friendly ships to get in and out. So, this is all positive, right? This signifies to the market that we are getting close to the end of the conflict. Oil prices are falling down from just a few hours ago, 3 hours ago, two and a half. Um, oil prices are down 3.3%.

[00:04:04]And uh if these deals don't get done, just keep in mind like if they don't get done this week, both sides want a deal done. Trump said that he will he won't be pleasant if Iran doesn't make a deal within two weeks. And of course, there have been a lot of threats and push backs of timelines, but both sides are feeling the pain, that's for sure. So, um, again, I I think we're going to get a resolution sooner rather than later, but I'm not going like all in trying to time the perfect time, uh, to jump in the markets. No. And that's been obvious because I've been buying when it looked like the worst time to buy assets, right? That's when there's the most fear baked in. And that's when I made a video saying I put four months of my income into the market within a week. So yeah, I'm I'm quite excited about this jump in the market with, you know, individual names, too, like Amazon.

[00:04:57]Uh I I covered this and talked about for nearly a full video. Um and yeah, it's up 2.2% today. This is my largest holding by far. I bought a lot down uh in the 190s and in the 200s recently. Um but yeah, from its recent low, it's up 23%. One of the largest companies in the world. Now, we did get some PPI numbers that just when looking at them, they are a little bit scary, right? PPI rose to 4%. But this was lower than expectations. Also, over half of this rise was due to oil prices moving up. So, we had high CPI last week and yeah, a large portion of that again is due to oil prices and the market already knows that. Now, we do have earnings coming up. Um, let me pull that up uh real quick. Earnings whispers. Uh, we have the most anticipated uh company is starting to announce this week. That's how they always say it. Uh, most anticipated releases for the week.

[00:05:58]Um, we have ASML on Wednesday. Big in the AI space. Morgan Stanley, PNC, Mnt Bank. Um, we have TSMC on Thursday and we have Netflix on Thursday after the close. And then Friday we have Fifth Third. um who just bought Comra Bank uh and then a handful of other uh other banks as well. So, we're starting to kick off the earning season. Um one thing I think a lot of people are forgetting about and I've been trying to hit on it more. The biggest buyer right now of uh of Bitcoin is I suppose MSTR right now. Like a lot of us have been watching the ETFs for the last few years, but they're just kind of floating back and forth, back and forth, back and forth in the bare market. But during the bull market, they'll take in a lot of Bitcoin. They'll buy a lot of Bitcoin.

[00:06:47]But what a lot of people are forgetting about is MSTR has this new uh functionality or this new product that they offered last year called STRC. And this gives an 11% dividend. And yesterday they hit a record I think of 7,000 Bitcoin bought estimated because they announced at the end of the week, but 7,000 Bitcoin bought in a day. I think they might be that today. This is less than an hour into trading and they're nearly at half of yesterday's uh Bitcoin. They're nearing 3,000 Bitcoin. Hour into the market uh market open. Basically, whenever STRC goes over 100, um depending on how much it trades, this algorithm determines how much Bitcoin's actually bought. And I believe it underestimates a lot of the time. A couple weeks ago when I uh ran the numbers, they underestimated quite regularly. So, I wouldn't be surprised if this is much more, maybe 3,500, 4,000 even, because they have been off by like 30 or 40% before. So, four, let's call it 3,000 Bitcoin bought. That's 7 days of supply bought from STRC in one day.

[00:07:59]And they're going to issue a dividend every single month. then their price goes down by basically the amount of the dividend. This is common knowledge in dividend investing. But then the market moves a little bit. So sometimes you don't always see that full move down cuz they're just, you know, discounting the value of the stock now that there's not a dividend coming. Um so it takes maybe a few weeks for it to get back up to par, back up to 100, and then they are able to buy hundreds or thousands of Bitcoin a day. So, this could be another big driver of Bitcoin's price action, especially uh when we're moving up. When we're moving down, I think it can be kind of a buoy. It can kind of hold up Bitcoin's price a little bit better. Kind of like when a company um when a company issues uh a buyback program. This could be very similar where MSTR could hold up the market and you might not even see it cuz Bitcoin might be falling down and might still fall down significantly but be much more than if STRC wasn't there. So when they're buying 2,900 Bitcoin in a day, yes, it might not directly affect the price of Bitcoin because they might be buying um OTC, which doesn't again it doesn't push up the price directly, but that means that someone else doesn't have to go sell somewhere somewhere else, right? That there's a buyer that that um the the seller is not going to have to go turn to a market uh market dump basically or market order and dump the price of Bitcoin. So, this is really significant. This is historical. This is fun to watch. I'll continue to update you on it, but this seems like it could be another record day for them. Now, uh keep in mind yesterday, if you do the math, 7,000 Bitcoin bought. It was over 7,000. That's nearly half a billion dollars of Bitcoin in a day.

[00:09:53]That's significant. Um that's really going to help MSTR accumulate a lot more. and bare markets were always the hardest time for them to buy Bitcoin because it's hard to issue MSTR common shares to go buy Bitcoin when the price is down significantly and it's trading at a discount to NAV. You don't want to do that. But here, even if MSTR is at discount or just at par value, they can issue STRC. Again, it does kind of lever them more because they have to pay an 11 12% dividend, but there are ways to kind of combat that uh that risk. Uh so right now it is a pretty small amount compared to their overall stock value on MSTR their market cap. Now the head of product at X says crypto has had a rough year. Maybe we should launch something to fix it. Maybe indicating crypto payments on X. I'm not exactly sure. I don't think it will honestly be that big a deal. If this was a bull market it could add more fuel to the fire. Um, but in a bare market, I don't think this is going to be anything that changes the world and changes Bitcoin forever or anything or anything like that or changes crypto. But it is nice to see more functionality, easier access to send and receive crypto. Let me know your thoughts on all this underneath the video. Bitcoin's right at resistance.

[00:11:10]So, if I was looking at trading this, right, and I I have low leverage long positions, but if I was looking at trading this, I think there are obviously two major ways you can play it, right? You could short it. Basically saying, hey, we're going to see some resistance here right at 76,000. I'm going to go short right now and I'll put on a stop loss maybe at 762 or something like that. So, we could slightly go above, but then we get rejected back down or or you could long the market and just put a stop loss right at like 70 maybe 75, right? Depending on, you know, I wouldn't be 100x leverage or anything like that. Um, but this is kind of a risky point, but a lot of people like to trade right at resistance um either because they think we're going to break through um with high volume or because of good momentum or they think we're going to get rejected and go right back down. I will say though, if the S&P 500 continues to have a strong day and we see some resolution to the Middle East, I would not be surprised for us to break through the $76,000 resistance on Bitcoin. Now, I still am in the camp that we're in a bare market, right? I don't think this is the bull market. We're we're 30 35% away from alltime highs or something like that. I haven't run the math recently, but that that seems about right. So, I don't think we are going straight back into a bull market or anything like that, but I have said several times that we're still 40% down.

[00:12:37]I have said several times that I think this bare market could be better than a lot of previous bare markets or like not as bad. That is, we went down 53%.

[00:12:47]So, honestly, yeah, a lot of people are calling for 70 75% dips. I've said a handful of times that we could go down to 50, but I've also said that or 48 to 50. I've also said, I'm not waiting till we get down to that point to buy, right?

[00:13:00]A dollar cross average every single month. And if we look back on it, let's say Bitcoin goes back up, kind of floats around here for another 6 months or a year or something and then starts moving up even more. I don't think even the people that are like fairly bearish on Bitcoin or right now or, you know, the the people that really believe in four-year cycles, I don't think any of them would look back at this and say this was a like a really unexpected bare market. I think everyone that's looking at this is expecting that there's a nonzero chance, right? Maybe a 10 to 20, maybe even 30% chance, even if you're bearish right now. 10 to 30% chance that this was the bottom. And I'm not saying that it was for sure. But I think everyone would say that this could make sense, right? Even Benjamin Cowan, for example, who thinks we're going to go down for the rest of the year, he he's mentioned before that we could see a bottom somewhere in the first half of this year. Part of that is because we well, first of all, we uh didn't go up as long or as far this bare uh this bull market. So, a 52% drop when we've seen the worst bull market in history in terms of percent gains, which every single cycle is that way. But again, this was kind of unexpectedly low. It topped in um not euphoria, but kind of complacency. I I forget if that's exactly how he says it, but basically we did not top with some euphoric run. So, it's not like a lot of people were getting super greedy here. So, yes, we could see a 52% dip and then just kind of rebuilding. So, if you're looking at this right now and you're like, "I wish I bought more Bitcoin." Well, start dollar cost averaging. You don't have to time it perfectly. I've said that a lot.

[00:14:48]You don't have to time bare markets completely. Um, you can just continue to dollar cost average throughout them and you'll do quite well. You'll get a three maybe a 34x from when you buy to the top of the bull market. So, yeah, I mean, we're looking at maybe a 200 $300,000 Bitcoin next cycle. And I don't think that's crazy to think. Um, we'll have to build a new narrative. Last cycle it was hedge funds buying and maybe countries buying. The countries didn't really materialize, but we could just see really strong buying because it's viewed as a risk on asset. It's not like, you know, it's not like a lot of other assets need a story line all the time.

[00:15:30]Sometimes like a new story line.

[00:15:32]Sometimes they just do well because people want to buy them because they think they're going to do well in that kind of environment. So if we see the Fed lowering rates, if we see risk on assets going up, it would make sense that Bitcoin would go up. So that's kind of my viewpoint, right? But it would be interesting to see if someone makes a new narrative like there have been every other cycle. Let me know your thoughts on this underneath the video. I really do appreciate you all watching. I'm back in the office. Feels good. Didn't get a lot of sleep last night cuz we came in late. Um but yeah, hopefully we'll rest up here and we'll continue this green day. Thank you so much. Again, you can check out the links underneath the video to BTCC, UBIT, or Bidfi. They're the top three links in the link tree. Really do appreciate it. I'll see you all soon.

[00:16:13]Bye. Just a reminder, this is not financial advice. This is not legal advice. Do your own research. I'm never going to reach out to you either in the comment section or through any other means to try to get you to invest in something that I'm investing in or to send me crypto. Some links underneath the video are affiliate links. I may earn a commission, but this is at no extra cost to you.