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Bitcoin Could Reach $100K Sooner Than Expected

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 23 October 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

Recent action in the world’s largest cryptocurrency – bitcoin (BTC-USD) – has captured the attention of both big institutions and the average investor. On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall discuss the latest bitcoin action and what it means for the entire crypto market heading into both the election and 2025. But bitcoin isn’t the only crypto worth watching heading into the election... They share the names of two smaller “altcoins” that you may want...

Transcript

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0:00.0

Welcome back to the stage rate podcast, everyone. I am Tim Bowen back with Matt McCall.

0:13.8

You know, a very interesting time. We're going to kind of talk about the overall markets today.

0:18.1

But man, just, you know, I always like to kind of sprinkle a little

0:21.3

the penstock sauce in there. But just last week, absolutely insane, you know, D-R-U-G was a 90-cent stock

0:30.6

on Monday. On Tuesday, they dropped some news. Oracle, our stock prediction algorithm, actually

0:36.6

gave a buy signal on that one right after

0:38.7

the market opened at $2.77. And after hours that day, it went to 59, kind of slowed down

0:45.6

for a couple days and then hit 80 plus on Friday. And like in the meantime, you know, that obviously

0:52.1

that was like 2,500 percent in a few days. But all through those days last week, I mean, in low price land, I think there was one day, there was 400% plus runners from that alga. And what it looks for is, you know, high volume, low float stocks, you know, the penny stocks we day trade, never, never, never, ever, ever, ever,

1:11.3

long-term hold these things. But just the amount of activity we're seeing in, you know, the penny

1:18.8

stock market has just been ridiculous last week. And then you look at today all, well, Friday,

1:24.1

all-time high in the S&P, today all time high and markets are just continuing to

1:29.3

heat up so we want to kind of kind of revisit that a little bit and you know this two year old bowl

1:34.4

market that we're in the middle of and I don't want to speak for Matt but in my opinion we're just

1:39.4

getting started and one thing I do want to bring up before I let you in, Matt, is, you know, listen, Michael

1:45.5

Burry, you know, I know it's easy to pick on him. He's a billionaire. Boo-hoo for him. But, you know,

1:52.0

it's just kind of crazy since the housing crisis. Like, I always say that guy couldn't fall out of a boat

1:57.9

and get wet, you know, and you look at, he's deleted his Twitter account

2:02.2

like 16 different times, you know, he takes his ball and goes home, you know, but I thought of,

2:08.8

it reminded me and I actually asked Grock today because I couldn't remember when he tweeted sell.

2:15.2

You know, he just does sell in all capital letters and that deletes his Twitter account.

2:19.9

So I asked Grock and that was February 2020.

...

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