time for crypto yet again bitcoin pushing for 20 000 and i think it's only a matter of time until bitcoin 20 000 will be real in 2020 but the one thing the us economy doesn't need right now is more uncertainty the us elections is nothing but a circus which could lead the clowns on wall street to panic the current global financial system is not sustainable and the levels of national debt are simply too high and the second lockdown is not going to help which in turn could lead to a massive and final banking crisis that will wipe out most of the remaining banks but this may not be as bad as it sounds because the future finance is being built right in front of our eyes and is being built on the blockchain bitcoin bitcoin mass adoption ethereum has already confirmed that they will be most likely because they are working with the biggest central banks in the world cbdc's is the future of blockchain the bitcoin price yesterday hit fifteen thousand eight hundred and gained nine percent in one day we're currently trading at around fifteen thousand three hundred even though bitcoin today reached fifteen thousand nine hundred and sixty in my in video that i made three days ago i did say that the most important actually on halloween the most important thing was for bitcoin to go above the 2019 high of 14 000 actually closed their one or two days and then the next intraday resistance would be between 15 800 to 16 000 and that's basically what we really have seen yesterday and today i mean there are a lot of i would say big bitcoin speculators that are really trading these technical let's say flavors and and rightfully so so that's why we have seen yesterday hit 15 800 today 15 900 but for me this is actually only good if it consolidates there now to be perfectly honest if you look at the volume that we are seeing now and if we even want to not even compare it well actually even compared to last year that was also a pretty good volume but if we go back to 2017 and 18 and compare the volume there that was nothing so what that means is the more volume there is in the market that means it's almost like the traders they're playing a game with each other right i mean they all want to make money right so they look at it and say okay yeah we're not going to let it go up to you know much above not above 16 000 because that would mean there's open this freeway to 20
so they're going to play this a little bit between 16 000 and fifteen thousand seven hundred now if it's gonna consolidate there a little bit we're gonna see it making it a floor and then as always it could be that we're gonna go down we also have to admit we are not completely sure what's gonna happen with the elections there's a lot of uncertainty but mass adoption for bitcoin is there which is why even if we are gonna see a pullback i don't see anything that can happen to bitcoin that we are not gonna go to 20 and beyond and here further news regarding bitcoin mass adoption square inc an american financial service aggregator and mobile payment company released third quarter results squares cash app has increased q3 bitcoin revenue by 1 100 after more than 16 billion bitcoin was purchased by users square has reported that bitcoin has overtaken all other revenue sources making up almost eighty percent of its entire revenue in the third quarter and listen to this square was founded in 2009 and now has a market cap of 77 billion this leads me to what i always say the banks are gonna go bust they're not gonna exist for much longer so i just wanted to make another example now it may be true or not look at paypal's market cap it is 239 billion together with square 77 billion let's put them in a little group that's 316 billion now just imagine if we took goldman sachs citigroup hsbc barclays bank and deutsche bank would you think that paypal and square had a bigger market cap i don't think so but as you can see here they do 316 billion versus 294 but you know which bank has been steadily growing over the last five years jp morgan and speaking about jp morgan i thought i just wanted to show you the the price chart i think you know you see what's happening yes there was a little bit of problem here and went down a little and you know we did have a banking crisis but just to give you an impression this is deutsche bank's chart and this is barclays so it's almost like if you go and look at jp morgan it's almost like you know which banks are gonna survive which banks are gonna be around tomorrow but hey this is only my thoughts who knows what the fed or the european central bank are gonna pull out their sleeves so that's it for me from this week it was a turbulent week it was an exciting week it was a good week love to speak more about ethereum but i actually think that the ethereum chart as you can see speaks for itself we just have to push through this year's high of 480 83 something like that but the good thing about and i i can tell you from next week on it's going to be all about defy it's going to be all about the decentralized undervalued coins that have lost up to 90 percent since the all-time high in september because now it's their turn anyway i hope you enjoyed it in case you did and if you want to be informed when we buy sell or upload new videos then please subscribe hit smash like criticize everything is appreciated and i wish you well and as always god bless america
