CHINA BITCOIN CRACKDOWN (why this is good)



Bitcoin dropped to $28.9k this morning after the Death Cross and China Bitcoin crackdown. In this video, we discuss why this is amazing for the long-term but can cause short-term volatility and why I believe we may see Bitcoin on a steady rise starting in early July.

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TIMESTAMPS
00:00 Crypto news intro
0:43 Cryptocurrency Market Update
1:53 Death Cross dump
2:16 China Bitcoin Crackdown in mainstream news
3:05 China shutting down Bitcoin mining operations
3:48 Why China Bitcoin Ban is great news
4:44 Kevin Oleary on Bitcoin and Institutional demand
6:18 Elon Musk and Tesla Bitcoin
7:25 MicroStrategy buys 13k BTC
9:30 MicroStrategy Stock tanks
10:24 Inflation is kicking in
11:17 Paul Tudor Jones on Bitcoin
12:20 Why I’m bullish long-term
13:13 Robert Kiyosaki on Bitcoin
14:20 Bored Ape NFT Updates
16:30 Final thoughts

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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not financial advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker will not be held responsible for any losses or gains. Always do your own research and advise with a professional before making your own investments.

#Crypto #Bitcoin #Altcoins #Blockchain #Altcoin #Decentralized #CryptoNews #Investing #Ethereum #Ripple #Binance #Cardano #Litecoin #BullRun #PassiveIncome #StockMarket

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  1. πŸ’Έ Get up to $250 BTC Bonus: http://blockfi.com/JRNY

    πŸ”₯ Trade Crypto on Binance (get trading discounts):

    (Worldwide) https://jrnycrypto.com/Binance

    (US) https://jrnycrypto.com/BinanceUS

    Trade Stocks and Crypto on Webull (Get 2 free stocks): https://JRNYcrypto.com/Webull

    πŸ’Ž Use a VPN to Protect Yourself! (1 week for 99 cents)

    https://jrnycrypto.com/VPN

    🧾 Best Crypto Tax Software (Get 10% discount):

    https://jrnycrypto.com/CryptoTax

    πŸ’Ύ Buy Ledger Hardware Wallets:

    https://www.ledger.com?r=e77db299d0a2

    TIMESTAMPS

    00:00 Crypto news intro

    0:43 Cryptocurrency Market Update

    1:53 Death Cross dump

    2:16 China Bitcoin Crackdown in mainstream news

    3:05 China shutting down Bitcoin mining operations

    3:48 Why China Bitcoin Ban is great news

    4:44 Kevin Oleary on Bitcoin and Institutional demand

    6:18 Elon Musk and Tesla Bitcoin

    7:25 MicroStrategy buys 13k BTC

    9:30 MicroStrategy Stock tanks

    10:24 Inflation is kicking in

    11:17 Paul Tudor Jones on Bitcoin

    12:20 Why I'm bullish long-term

    13:13 Robert Kiyosaki on Bitcoin

    14:20 Bored Ape NFT Updates

    16:30 Final thoughts

  2. The moment I read about Strongnode, I realized that It can literally make everyone in the world have the same chance to earn a little cash flow on their life's side, It reminds me of "basic universal income", where everyone has the same chance to earn money from an opportunity.

  3. <I must say. Bitcoin’s price action has been fluctuating throughout the past few days and weeks, with bulls and bears both reaching a clear impasse, the aggregated cryptocurrency market has been following in Btcoin’s lead and is struggling to garner any decisive momentum. One analyst is now noting that BTC has been holding above a key macro level throughout the past few months. He believes that the recent consolidation above this level bodes well for its near-term outlook and could indicate that significantly further upside is imminent in the weeks and months ahead. Tips like this are why it’s advisable for investors and newbies to trade with the help of pro traders like mr Chen lawrence. He is always one step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings have increased drastically from 1.01 BTC to 9.700 BTC in just 4 weeks using his strategy. You can easily get hold of him for a profitable system on TE LE GRAM (@ chentradingi.

  4. paul tudor jones is more saying that bitcoin is very reliable
    and thats correct, its way more realiable than fiat
    you just have to zoom out
    its not even about the profit for a wealthy man like that, its about being able to trust in something

  5. China adds a lot of volatility to an already volatile market. They aggressively pursue it, through slapdash mining facilities that are either constantly on the verge of failure or of being shut down (thereby hurting the overall hash rate when they do, which is reflected in price), through corporate involvement that requires incredibly paper hands due to their government, and then through hacking groups. "Bloody Sunday" isn't just a myth, people have analyzed the data and found that Asian markets opening have a higher percentage of causing crypto losses. There's also a real danger in the sheer percentage of mining that occurs there, bringing us at risk of a 51% attack. You wouldn't see any tears from me if China finally bans it like they do everything else.

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