857: NEW BITCOIN ATH IN PLAY AS CRYPTO MARKET SETTING UP FOR BULLISH 2ND HALF THIS YEAR DESPITE SELL-OFF!

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Bitcoin News Alerts

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3.6 • 626 Ratings

🗓️ 26 February 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a new Yahoo Finance interview, Bitwise Asset Management chief investment officer (CIO) Matt Hougan says that Bitcoin and crypto prices will rally during the second half of the year. “It always is uncomfortable when the market goes down. But I think we’re actually setting up for an extraordinarily strong second half of the year. I think there are short-term hurdles in front of us, but as I look at the underlying trends, I’m extremely bullish about where we end up by the end of this year. I wouldn’t be surprised to see [Bitcoin] challenge and even surpass the previous all-time highs as long as things break along positive lines." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Oh, that's my prime delivery.
0:01.6	What, already?
0:02.6	Only one thing can match the buzz of Prime's fast delivery.
0:06.2	And that's the buzz of Prime's entertainment.
0:09.0	What are we watching?
0:09.7	Heads of state, that new action comedy with Idris Elbert as the Prime Minister,
0:13.3	John Sina as the president, and Prianka Chopra Jonas, as their only hope.
0:17.0	It looks like a blast.
0:18.0	From fast delivery to explosive entertainment, it's on Prime. For only
0:23.0	899 a month, join now. Content includes limited ads, subscription, or two news. For more information,
0:28.2	go to Amazon.com.com.com. In today's show, Bitcoin consolidates after $40,000 surge, as
0:33.8	analysts' eyes, weekly higher or low for the Bitcoin price action. And today's show, I'll be
0:38.3	breaking down the latest technical analysis. And as shared here by Matthew Highland,
0:42.1	Bitcoin needs to close the February monthly candle above 38,500 in order to avoid having its
0:47.2	fourth straight red monthly candle for the first time since the 2018 bear market. And as shared here
0:52.9	by on-chain analyst Jan Wuss.
0:55.2	This is a reminder that the unprecedented decline in Bitcoin balances on exchanges is still
1:00.1	ongoing. While it slowed down compared to 2020, more significant is that it is not rising
1:04.8	anymore as in previous cycles. Also, take your Bitcoin off exchanges. And this just in breaking news, $2.2 trillion bank, BNY
1:13.4	Mellon, to launch Bitcoin custody platform for institutional clients this year. Yeah, 46 trillion is most
1:19.5	definitely a typo. I looked it up as 2.2 trillion in assets under management, as well as the
1:25.0	first city in the world to be heated by Bitcoin mining,
	...

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