1013: BlackRock’s Entrance to Crypto Can Send Bitcoin Soaring to $523K, Says Ark Invest!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6 • 626 Ratings

🗓️ 10 August 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

ARK Invest founder Cathie Wood thinks BlackRock’s entry into the crypto space could have huge implications for the Bitcoin price action. "Last week, US-based cryptocurrency giant Coinbase announced that it teamed up with BlackRock, the biggest asset manager in the world, to bring crypto trading to wealthy clients. Blackrock’s decision to partner with Coinbase is a strong signal that institutions consider bitcoin. Based on ARK’s simulated portfolio allocations, institutional allocations between 2.5% and 6.5% could impact bitcoin’s price by $200,000 - $500,000" Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	The five-pound meal deal from McDonald's.
0:02.7	Get a cheeseburger or mayo chicken, medium fries, four McNuggets, and a medium soft drink for guess what?
0:08.4	That's right, five pounds.
0:11.3	It's not called the five-pound meal deal for nothing.
0:14.8	From 11 a.m.
0:15.8	Not available on delivery.
0:16.8	Carbonated soft drink upgrade fees apply.
0:18.3	Participating restaurants, subjects of availability.
0:19.8	In today's show, Bitcoin braces for U.S. inflation data at CPI nerves halt.
0:25.0	Bitcoin price gains.
0:26.3	That's right.
0:26.9	Bitcoin hit multi-day lows into August 10th as crypto traders brace for impact from fresh US inflation data,
0:33.1	including damn crypto trades.
0:34.7	Bitcoin testing, a critical support level here with the four-hour
0:38.0	200 exponential moving average coming in below it at $22,700.
0:43.0	If we'd get a full-on breakdown, then the logical target would be the low $21,000s.
0:47.6	Break and hold above $24,300, and we will fly.
0:51.0	Those of my levels to watch out for, the time being, in quoting whale map,
0:55.0	Bitcoin is back to the whale accumulation area. Prices where whales accumulate usually act as
0:59.8	support or resistance for price action of Bitcoin. Question is, will we get a bounce again or go
1:05.5	deeper? And this just in breaking news, Latin America's largest company to enable 38 million users to buy Bitcoin. Also in
1:13.2	today's show, here's when Bitcoin can catch a bottom and perform well, according to Macro Guru,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bitcoin News Alerts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bitcoin News Alerts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.