What A U.S Strategic Reserve Means For Crypto?
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And they're the two different paths that we need to take in order to go higher. Unless on Friday, the crypto summit, it's announced that The US is allocating tens of billions of dollars to Bitcoin. I don't think we go higher. I agree. Like, that's, like, that's kind of the bar. Like, the bar is, are we getting more details over the next seven days that The US is gonna be allocating tens of billions of dollar? If the crypto strategic reserve turns out to be 500,000,000, we're back in the eighties pretty quickly.
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Alright, guys. Welcome back to another thousand x pod. This has been a freaking whirlwind. Like, my god, Jonah. Just literally like, the Bitcoin chart is just like, the weekly chart is just insanity right now. It's
crazy. Whipsaw.
The the total whipsaw I mean, basically, yeah, one to four straight days of down and then a pause and then a fifth day where it nukes 10% in in a day, basically. And then now we're up 15%. I mean, I guess, from the low to where we are here, 19% from the low to the to to where we are. I mean, this is just nuts. And we're still at 93. Like, we haven't even like, we're we're not back into the previous range, so nobody can say, oh, man. Like, the chart looks really amazing right now. I mean, this is just this is just madness.
What is going on here? Fun.
I mean, you know, like, we were I was saying on the pod last week, it's very rare to see Bitcoin go sideways and not break down, like, at the highs. I think I've said that a 50 times in a 50 different ways. Like, Bitcoin doesn't go sideways at the highs and then not have a sell off. What I was not necessarily expecting was a sell off that was, you know, a 20% straight down for four days. Just Kind of expecting it to be a little bit more choppy. So that was that that was that was interesting. I got bullish, you know, mid call it, like, mid to low eighties. And then got we got that one final flu
Our fearless leader. Couple of points on what you just said. So I haven't touched my book throughout the entirety of the sell off. I'm just sitting on the sidelines, like, tweeting less, you know, panicking a little bit, but not really because I don't really expect this thing to break down. None of this is in my bingo card, Avi. I was expecting the market to just keep keep steadily kinda grinding higher as, as you get more and more passive buying because the regulatory and, you know, picture looks better. So this wasn't really something that I wanted to trade into. I'm at one point, I was full
I'm of the opinion that this crypto summit is sort of similar to all of the other catalysts around Trump. So when he went on to talk, you know, at the at the Bitcoin conference, we we had a big rally into that and then and then a sell off after. I mean, the only like, a a lot of people are very excited about this idea of this strategic reserve. And I do have to say, I mean, it's big news. I mean, and it's really big news for Solana, XRP, and, and Cardano because those those were directly mentioned by Trump. I mean, Cardano being mentioned is insane.
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