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Rebel Capitalist News

News: Bitcoin Explodes Higher - Will It Hit 100k In 2023?

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 17 February 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow Rebel capitals, hope you're well.

0:02.5

So let's go over some big news with Bitcoin.

0:05.9

It exploded higher.

0:08.0

I think it started last night, and now it's up, I think,

0:11.0

over $25,000.

0:13.4

So let's get into why it's going higher.

0:16.7

And then maybe we can answer the question,

0:18.4

what are the probabilities that it goes to $100,000

0:21.6

within this year, 2023.

0:23.8

And what might be the catalyst made of the upside?

0:26.0

Maybe it's the catalyst to the downside as well.

0:28.1

Check out this story from the NBC title,

0:30.3

Bitcoin rises despite US crackdown.

0:33.2

This is actually important to the story as

0:35.6

crypto market gains 84 billion in value.

0:39.4

So crypto markets rose on Thursday or it sounds weird when you said it rose this morning it is

0:45.6

Thursday isn't it shrugging off tougher regulatory stance from US government is

0:52.4

the government's coming out, I know the SEC, they're really cracking down on crypto,

0:58.0

and as we'll see throughout this article, some people are speculating that because Bitcoin is seen as a commodity that it puts it in a completely separate category that's far more safe, let's say.

1:12.0

And so you've got capital flight from the other

1:14.9

cryptocurrencies into Bitcoin, which is why the price has really gone up or at

1:19.9

least gone up to a much higher degree than the other

...

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