Bitcoins - about to hit $5,000 per coin today!

[obsidian]

Gold broke ATH, it still leads.

Will see BTC go to ATH inside of 4wks. My Gold target is 3.1k so let’s see how we go. BTC to 121k and overrun to 130k if it happens.

My 2020 strategy has gold topping this year Into multi year bear market, possibly secular bear market. If right it means Gold/BTC correlation breaks this year.

I was notified that Amazon Music is raising the price from $16.99 to $19.99. Netflix also recently raised their prices. The purchasing power of the dollar keeps going down. The only reason people are not fleeing to crypto in droves is because they don't have any spare money to buy.

The problem is the FED needs to hold rates steady to bring inflation down. That means less dollar printing which means less liquidity for crypto. ETH is more sensitive to this than Bitcoin. In a high QE environment Ethereum will outperform Bitcoin.

The other problem for the FED is if they keep interest rates high to battle inflation and unemployment rises they are caught in a hard place where they have to bring down the rates while they don't want to because of their desire to lower inflation. Bottom line is the dollar is a shitcoin and there is no avoiding that!

[obsidian]

There are now German, Swiss and Dutch banks developing on Ethereum.

https://crypto.news/netherlands-third-largest-bank-abn-amro-pilots-tokenized-trading-on-ethereum/

Netherlands’ third-largest bank ABN AMRO pilots tokenized trading on Ethereum

ABN AMRO, the third-largest bank in the Netherlands, has completed on-chain trading with stablecoins in a pilot with German exchange 21X.

Netherlands‘ third-largest bank ABN AMRO has completed a trading trial with 21X, a Frankfurt-based digital asset exchange, which tested on-chain settlement for tokenized securities using stablecoins.

In a Jan. 30 announcement, 21X said the test involved listing a tokenized asset on its on-chain market. ABN AMRO issued an ERC-3643 token on the Polygon Amoy Testnet, while 21X paired it with an ERC-20-based “E-Money Token,” without naming the asset.

“As part of our launch preparations we are now in the process of onboarding institutional participants,” said Max Heinzle, chief executive of 21X. He also praised blockchain’s role in cutting costs and increasing efficiency in the on-chain system.

[obsidian]

BlackRock's ETHA sees a $79.9 million inflow along with Fidelity and Grayscale's Mini Trust inflows to offset Grayscale's ETHE outlfows.

BlackRock ETHA now holds over $4 billion.

If ETH is dead these guys did not get the memo.

https://farside.co.uk/eth/

[Griffith]

SEC Approves Bitwise Spot Bitcoin and Ethereum ETF

The fund gives investors exposure to both spot bitcoin and ether, weighted by market capitalization.

The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors gain exposure to the two digital assets in one regulated financial product.

The SEC announced it had granted accelerated approval to Bitwise's Bitcoin and Ethereum ETF, just over a month after approving similar products filed by Hashdex and Franklin Templeton. Hashdex's Crypto Index ETF gives investors exposure to a basket of different cryptocurrencies, while Franklin Templeton said it would launch its product sometime in January.

Bitwise's product, launched with the New York Stock Exchange, gives investors exposure to both spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization.

https://www.coindesk.com/markets/2025/01/30/sec-approves-bitwise-bitcoin-and-ethereum-etf

[Mayday]

I was notified that Amazon Music is raising the price from $16.99 to $19.99. Netflix also recently raised their prices. The purchasing power of the dollar keeps going down. The only reason people are not fleeing to crypto in droves is because they don't have any spare money to buy.

The problem is the FED needs to hold rates steady to bring inflation down. That means less dollar printing which means less liquidity for crypto. ETH is more sensitive to this than Bitcoin. In a high QE environment Ethereum will outperform Bitcoin.

The other problem for the FED is if they keep interest rates high to battle inflation and unemployment rises they are caught in a hard place where they have to bring down the rates while they don't want to because of their desire to lower inflation. Bottom line is the dollar is a shitcoin and there is no avoiding that!

The printing for the entire inflationary cycle was done back in 2020-21 which added over 40%. There is an epic shit ton of money out there and it takes ages to filter through.

S&P disagrees with the claim people have no money. DJI disagrees. Home prices disagree. Car sales disagree. GDP disagrees. Rates disagree. BTC disagrees. Wage rises disagree. Recession callers have gotten absolutely wrecked the last 2yrs.


Every currency in the history of money has operated in the same way. Play monopoly as intended and you’ll get 60 or so passes before one winner.  Now play it with no currency debasement and you’ll be lucky to get 10 passes. Ie in a fixed system the game ends super fast unless the one who has all the money, gives it away.

[obsidian]

The printing for the entire inflationary cycle was done back in 2020-21 which added over 40%. There is an epic shit ton of money out there and it takes ages to filter through.

S&P disagrees with the claim people have no money. DJI disagrees. Home prices disagree. Car sales disagree. GDP disagrees. Rates disagree. BTC disagrees. Wage rises disagree. Recession callers have gotten absolutely wrecked the last 2yrs.


Every currency in the history of money has operated in the same way. Play monopoly as intended and you’ll get 60 or so passes before one winner.  Now play it with no currency debasement and you’ll be lucky to get 10 passes. Ie in a fixed system the game ends super fast unless the one who has all the money, gives it away.

Are you sure? I'm talking about retail, not institutional. BTC's price was not driven up by retail as much as institutional.

Home prices are up but sellers will pay just as much for a new or replacement house. The higher values benefit people that have multiple homes and want to unload some from their portfolio. But single home owners don't benefit at all. The transaction value is just higher on both ends.

Many people are leasing cars. They can't afford to buy them.

Here are some headlines:

U.S. credit card defaults soar; total debt hits 12-year high

https://fortune.com/2025/01/23/credit-card-defaults-debt-levels-increasing/

U.S. Consumer Debt Rises to $5.1 Trillion in the Third Quarter

https://eyeonhousing.org/2024/11/u-s-consumer-debt-rises-to-5-1-trillion-in-the-third-quarter/

Total outstanding U.S. consumer debt stood at $5.10 trillion for the third quarter of 2024, increasing at an annualized rate of 3.28% (seasonally adjusted), according to the Federal Reserve’s G.19 Consumer Credit Report. In general, consumer debt has been slowing over the past two years, peaking at a high rate of 9.16% in the second quarter of 2022. However, the third quarter of 2024 experienced an uptick in growth from the previous quarter’s rate of 1.14%.

The G.19 report excludes mortgage loans, so the data primarily reflects consumer debt in the form of student loans, auto loans, and credit card debt. As consumer spending has outpaced personal income, savings rates have been declining and consumer debt has increased. Previously, consumer debt growth had been slowing, as high inflation and rising interest rates led people to reduce their borrowing. However, the growth rate ticked up in the latest quarter, possibly reflecting expectations of rate cuts that took place at the quarter’s end.

Retail crypto investors appear to be going for the meme coin casino on Solana. They think they can throw some money and make it big. But they end up getting rekked. Have you seen the 13-year old kid who rug-pulled his meme on video? They doxxed him and then drove up his meme after he sold out. He then came out with a second meme called "SORRY" and pulled the rug again.

[Mayday]

Are you sure? I'm talking about retail, not institutional. BTC's price was not driven up by retail as much as institutional.

Home prices are up but sellers will pay just as much for a new or replacement house. The higher values benefit people that have multiple homes and want to unload some from their portfolio. But single home owners don't benefit at all. The transaction value is just higher on both ends.

Many people are leasing cars. They can't afford to buy them.

Here are some headlines:

U.S. credit card defaults soar; total debt hits 12-year high

https://fortune.com/2025/01/23/credit-card-defaults-debt-levels-increasing/

U.S. Consumer Debt Rises to $5.1 Trillion in the Third Quarter

https://eyeonhousing.org/2024/11/u-s-consumer-debt-rises-to-5-1-trillion-in-the-third-quarter/

Total outstanding U.S. consumer debt stood at $5.10 trillion for the third quarter of 2024, increasing at an annualized rate of 3.28% (seasonally adjusted), according to the Federal Reserve’s G.19 Consumer Credit Report. In general, consumer debt has been slowing over the past two years, peaking at a high rate of 9.16% in the second quarter of 2022. However, the third quarter of 2024 experienced an uptick in growth from the previous quarter’s rate of 1.14%.

The G.19 report excludes mortgage loans, so the data primarily reflects consumer debt in the form of student loans, auto loans, and credit card debt. As consumer spending has outpaced personal income, savings rates have been declining and consumer debt has increased. Previously, consumer debt growth had been slowing, as high inflation and rising interest rates led people to reduce their borrowing. However, the growth rate ticked up in the latest quarter, possibly reflecting expectations of rate cuts that took place at the quarter’s end.

Retail crypto investors appear to be going for the meme coin casino on Solana. They think they can throw some money and make it big. But they end up getting rekked. Have you seen the 13-year old kid who rug-pulled his meme on video? They doxxed him and then drove up his meme after he sold out. He then came out with a second meme called "SORRY" and pulled the rug again.

Yes I am sure.

Forget headlines because you can’t quantify the data.

S&P to 7k
Property ATH this year and huge growth in 2026

This is the biggest wealth generating period in your lifetime and you have been bearish the entire time

[SouJerz]

BTC under 100k!
Keep stacking Satoshis!

[gib]

ETH just now hit yet another low (4.5 year decline) to BTC. As you all know I predicted this perfectly back when Eth was 0.057 to on BTC. Its now 0.031, and I will expect it will fall below 0.03 over the next few months.  Its absolute insanity to keep holding in a situation like this - do not gamble with your future, when the obvious route to long term success (and failure) is so obvious.

I did warn you...

[gib]

Eth will soon fall to a 5 year low (for obvious reasons) which will be another psychological blow for anyone believing in the myth of a 4 year Eth or "alt cycle".

Right now the decline has been rather slow and steady, much like a boiling frog scenario. But, as ETH's market cap shrinks, the impact of selloffs can become more volatile to price, which is what we might well see as more get out and fewer get in.

So, whilst I think its most likely we will see a consistent and continued selloff, but maybe just gradually picking up pace, I do want to warn though, that we may see a large liquidity driven capitulation at some point, where the volume of sellers increases, and where you literally have almost an entire absence of willing buyers. If that were to occur, we could see a rapid fall to around the $2500 level. And if that happens, someone will now doubt argue, "that was the capitulation we needed - now we are at the bottom!" . Only it would not be the bottom. The bottom is technically around $100, although it may be a long time before we ultimately get to that level with ups and downs along the way.

And now we can see - I absolutely NAILED IT. I mean, right down even to the $2500 target level I mentioned (as above).

Obsidian - can you can't say I didn't warn you. I really really did try (perhaps even to the point of coming across as annoying).

[SouJerz]

Buy the news

[GymnJuice]

Any thoughts on the sovereign wealth fund? Is that something that is held in American dollars by the US government? Can it be held in gold or bitcoins? Or we don't know yet?

[gib]

Any thoughts on the sovereign wealth fund? Is that something that is held in American dollars by the US government? Can it be held in gold or bitcoins? Or we don't know yet?

We don't know yet. Lots of talk and bluster at the moment. Eg it will own Bitcoin, shares in TikTok, shares of Nvidia, gold etc..

Right now this guy is talking a lot - lets see what sticks.

[obsidian]

And now we can see - I absolutely NAILED IT. I mean, right down even to the $2500 target level I mentioned (as above).

Obsidian - can you can't say I didn't warn you. I really really did try (perhaps even to the point of coming across as annoying).

I made a "cover your ass" post about that. See below:

ETH could go down to 0.03 BTC or even lower in the short term. My opinion is at some point there will be a major reversal. BTC is extremely overvalued relative to ETH.

What can I say. Morons fell for the trade war tarrifs and panic sold Ethereum. People were already predicting during the selling that Trump would come out on Monday and pause the tarrif disputes so the stock market would not be hit as hard.

And what did Trump do? Buy a ton of ETH, apparently!

Let's see what happens tomorrow when they provide more details about the digital asset stockpile.

[obsidian]

Grayscale's ETHE sees ETH Spot ETF inflow for the first time. That's the one with the higher fees. The other one also saw an inflow.

Curious to see the Fidelity and BlackRock numbers later.

https://farside.co.uk/eth/

[obsidian]

Yes I am sure.

Forget headlines because you can’t quantify the data.

S&P to 7k
Property ATH this year and huge growth in 2026

This is the biggest wealth generating period in your lifetime and you have been bearish the entire time

Have you ever been diagnosed as bi-polar?! lmao!

You were the one calling the top of BTC at $72k a year ago. Sounds like you were very bullish..... NOT!

[gib]

What can I say. Morons fell for the trade war tarrifs and panic sold Ethereum. People were already predicting during the selling that Trump would come out on Monday and pause the tarrif disputes so the stock market would not be hit as hard.

Well you could say, "Damn, hats off to you. Uncanny how you keep absolutely nailing your Eth predictions"...

As for these "Trump just bought Eth" memes, I think for half the people posting these its actually as a joke laughing at these guys and laughing at these guys buying Eth and Trump coins - but then others are posting it not understanding the joke". Funny environment all these alt people play in that's for sure. What we do know (as I have explained earlier) is that nothing this "World Liberty Finance Group" outfit is doing is to be taken seriously (for obvious reasons).

Yes, the sovereign wealth fund will be interesting! Short term, anything they buy should get a boot - long term, no matter what they buy it cannot change fundamental value.

[Mayday]

Have you ever been diagnosed as bi-polar?! lmao!

You were the one calling the top of BTC at $72k a year ago. Sounds like you were very bullish..... NOT!

Yes, I am retarded. I’ve done enough to know what I say or do is never enough for anyone. Although it sounds like you missed basically everything bullish I have said for years lol.

I bought at 17.5k and we got 15.5k. I said 76k, we got 74k and I sold and bought -90% down alts. I posted all of those moves and said I wouldn’t provide future moves because it was pointless.

Recently I provided the correlation I used years in advance which nailed the sell off target from 76k and also the next top target of 99.8k. I’ll post it for you again.

When Trump launched memecoins on Solana they all yelled “trump picked Solana, let’s fucking goooo!!!” He dumped 200M…..

Trump then Bought ETH and everyone yelled “the President holds ETH!!! let’s fucking goooo!!!”
ETH holders then got round tripped 8yrs to BTC…… 

When holders encourage FUD, price generally doesn’t do much. One has to be open to the idea of inverse 2021.

[Griffith]

[French]

This just shows that they are investing without understanding anything. Eric and Barron are just basic, brainless investors.
All the influencers are former investors back when Ethereum was the only one with all the extra features compared to Bitcoin. now they just don't want to give up their tokens from a blockchain that is dying because it is impossible to reform it.
XRP is the same but worse in terms of mafia, token manipulation and the value of this non-blockchain.

[Griffith]

The Trump family seem to be die-hard ETH maximalists 

[Griffith]

'You can thank me later' 

[gib]

Not sure those investors from whom he has so far lost 100m and is 25% down in less than a month will be doing much thanking of him later lol!

Lets just say, that running a crypto hedge fund, doesn't exactly seem to be his biggest strength lol!

[gib]

David Sachs said it TWICE.

We are looking into the feasibility of a BITCOIN Strategic Reserve.

Not a single mention of Eth at all... lol

[obsidian]

David Sachs said it TWICE.

We are looking into the feasibility of a BITCOIN Strategic Reserve.

Not a single mention of Eth at all... lol

Stablecoins were mentioned more than Bitcoin. And they talked about "digital assets" - plural! Web 3.0 was also mentioned. Ethereum is WEB 3.0, not Bitcoin.

Stablecoins can't be on Bitcoin natively. Ethereum holds the majority of stablecoin supply. There's also a few billion stablecoins on Ethereum Layer 2s.

Current stablecoins support the dollar so is a valuable entity for the US. Stablecoins need blockchains like Ethereum to function, Ethereum does not need stablecoins to function. But they both help each other.

ETH - $117.645 billion
TRON - $60.668 billion
SOL - $11.98 billion
BSC - $6.951 billion
BASE - $3.98 billion

If you read between the lines, it is clear Ethereum and other chains would be an asset that the US will support.

https://defillama.com/stablecoins/chains