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🗓️ 12 November 2024
⏱️ 24 minutes
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0:00.0 | All right, 12th of November, 2024, Bitcoin had one of its most impressive days in its entire history just yesterday. |
0:09.2 | Almost hit 90K. |
0:11.2 | These are U.S. numbers up more than 13%. |
0:16.1 | Now, one of the things that happened was Friday afternoon, it was at about 76K when the stock |
0:22.9 | market closed. |
0:23.6 | Now, remember, the stock market is closed more than it's open. |
0:26.7 | So if there is activity in the market over the weekend, everyone's paralyzed, and what happens |
0:34.3 | is demand gets pent up, and then when the market's open on the |
0:39.2 | Monday there's a big grab now of course if you have your own bitcoins you can buy and sell and |
0:44.7 | trade on exchanges or wherever then you can work on the weekend but things shut down for wall |
0:50.4 | street on the weekend so there's a lot of pent-up demand. So that's important to remember. |
1:03.5 | So to finance TradFi wants Bitcoin and Bitcoin-related companies. |
1:14.4 | And Anthony Pompeiano, who's a great guy to follow, says, |
1:18.2 | take a look at Hutt 8, which provides power for Bitcoin mining and AI use cases. |
1:22.6 | He's an advisor to the company saw its stock price increase by more than 50% over the last five days. |
1:25.4 | During the last three months, Bitcoin has added more than 26,000 to the price. This is as |
1:29.4 | of yesterday. It's a 44% increase. And that's pretty important. What's also important is to cross |
1:38.9 | of 80,000 crossing over 80K signals the first time in years that Bitcoin has hit a new all-time |
1:43.3 | high, ATH, in |
1:45.1 | inflation-adjusted terms. Daniel Sampere Pico highlights the previous all-time high of more than |
1:50.5 | 69,000 is actually equivalent to over 80,000 in today's dollars. Isn't that wild? |
1:56.2 | Isn't that wild just how much your seed crop is being eaten by the rats of central banking, |
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