Bitcoin is a coiled spring. Here is what I see:

00:01 Hey everyone, it feels like Bitcoin is a
00:04 coiled spring about to launch at the
00:06 moment. Um, so let me tell you what I
00:08 see from my uh my observation spot. Uh,
00:12 first of all, James Check, who goes by
00:14 Checkmate on Twitter, uh, just released
00:17 his new latest analysis this morning,
00:19 which is very positive. He basically
00:20 says, “Look, this is like everything’s
00:23 looking fantastic. We should teleport to
00:25 $125,000 per coin in the near term. will
00:29 start to get overheated above $150,000
00:31 per coin, but that’s okay. You know, the
00:34 cost basis of all the Bitcoin out there,
00:36 which is called the realized cap, is,
00:38 you know, keeps grinding higher as
00:40 there’s more trading volume. Anyway,
00:42 everything about everything about
00:44 Bitcoin is just looking amazing right
00:46 now. Um, additionally, Congress should
00:48 be uh voting on probably later today or
00:52 maybe tomorrow an amendment an amendment
00:55 uh to the BBB uh the big beautiful bill
00:58 that is not big or beautiful, but it is
01:01 big. So anyway, it’s it’s a bloated
01:03 monstrosity with all sorts of problems.
01:06 It will uh looks like it will have an
01:08 amendment added to it um which will uh
01:12 exempt from capital gains tax any
01:15 bitcoin transaction that is less than
01:17 $600 which would be an absolute mega
01:21 gamecher for bitcoins used as a medium
01:24 of exchange. Uh I mean imagine this you
01:26 buy bitcoin it increases the value by a
01:28 factor of 5x and then you can just use
01:30 it to buy stuff and you don’t pay
01:32 capital gains on any of that increase. I
01:34 mean that is an absolute massive mega
01:37 gamecher and we are very very very close
01:40 to getting that actually in law in the
01:42 real world which is just absolutely
01:44 insane. Um but anyway uh it’s
01:46 interesting because there’s the saying
01:48 in Bitcoin that in a bull market
01:51 negative news doesn’t matter and in a
01:53 bare market um positive news doesn’t
01:56 matter. And the crazy thing is Bitcoin
01:59 is $107,000 per coin, but it’s trading
02:03 like it’s in a bare market. Meaning no
02:06 matter what positive news hits, it just
02:09 doesn’t seem to affect the price. And
02:11 typically that would be the case when
02:12 you’re at the low point of a market
02:15 price cycle rather than a high point.
02:17 Now, that could just be a random anomaly
02:19 of its maturity, or it could indicate
02:22 that 107 is actually a pretty, you know,
02:24 low price and that as soon as we
02:27 teleport to a significantly higher
02:28 price, we’re going to suddenly, uh,
02:30 consistently find out that every little
02:32 piece of positive news, uh, you know,
02:34 makes Bitcoin ratchet significantly
02:36 higher. But it is sort of a weird
02:39 twilight zone we’re in right now where
02:41 the price is 107, but it’s, you know,
02:45 it’s the the the news is sort of an
02:47 aduls,
02:50 nothing really exciting. The amazing
02:52 positive stuff that’s happening behind
02:54 the scenes just doesn’t seem to be
02:55 having any effect on the price.
03:00 So, what is likely to happen next? Well,
03:03 something either something big will be a
03:06 catalyst that will jolt Bitcoin to a
03:10 significantly higher high or the people
03:13 who are willing to sell in the $17,000
03:17 price range will eventually run out.
03:19 There will just be enough people will be
03:22 have gotten enough liquidity uh to buy
03:25 whatever it is they want to buy to
03:27 improve the lives of them and their
03:28 family. enough people will have bought
03:30 enough stuff that they’ll just be done
03:33 buying and when the buying uh people
03:36 willing sorry done buying whatever it is
03:38 other than Bitcoin and when the people
03:40 willing to sell their Bitcoin because
03:41 they’re buying you know whatever cars
03:43 houses you know vacations whatever it is
03:46 people buy um when the number of people
03:49 willing to sell goes up sorry one second
03:52 here I decided I want to go somewhere
03:56 other than where the driver the uh I
03:58 told the Tesla I wanted to go somewhere,
03:60 but I’ve realized I want to go somewhere
04:01 else. Um anyway, so um as a result of
04:04 that, um the essentially the people who
04:07 are willing to sell at 107 run out and
04:10 then suddenly the price has to go higher
04:12 because there’s still buyers. There’s
04:13 buyers that are willing to pay pay
04:15 whatever the market price is. And if
04:17 they can’t get it for 107, they’ll pay
04:19 109 or 112 or 115 or 125. They just
04:22 will. Uh so anyway, at some point here
04:25 in the near future, we’re going to stop
04:27 being stuck at what feels like stuck at
04:29 a 107. We’ve been in a very tight
04:31 trading range. Again, everything that
04:34 James Czech is seeing is like, “Wow,
04:36 this is very positive.” Everything I’m
04:38 seeing is like, “Wow, this is very
04:40 positive.” everybody everybody on, you
04:42 know, who’s seeing anything on Twitter
04:43 is like, “So is it we’re still at 107
04:46 because like everything, you know, the
04:48 the tailwinds pushing Bitcoin forward
04:51 are probably the strongest they’ve ever
04:53 been in history. Yet here we are at 107
04:56 because people who have been holding
04:58 Bitcoin a long time are still willing to
05:00 part with some of that at 107 to do
05:03 whatever it is that they’re planning to
05:04 do.” Um, so anyway, we will run out of
05:07 sellers. It’s only a matter of time till
05:08 we run out of sellers. and then the
05:10 price will go up. Obviously, the price
05:12 could dip before it goes up. That’s
05:14 always a possibility. But everything I’m
05:16 seeing, everything James Czech is
05:18 seeing, everybody everything everyone is
05:20 seeing just leaves us all to scratch our
05:23 heads and say this can’t last long. You
05:25 know, this this spring is pretty dang
05:28 coiled. And at some point, it’s going to
05:30 unleash with all the energy that has
05:32 been accumulated the entire time we’ve
05:35 been bouncing around. uh all of that
05:37 energy at some point is going to be
05:38 unleashed on the market and uh you know
05:42 it’ll make the price go much higher. So
05:45 um anyway, everything I’m seeing
05:46 indicates Bitcoin’s going to do exactly
05:49 what I’ve thought it’s always going to
05:50 do and nothing I’m seeing indicates that
05:52 that’s not going to be the case and here
05:55 we are. So, uh if you’re thinking of
05:57 buying Bitcoin, you know, here you have
05:59 a chance of buying it at 107. Not sure
06:02 how much longer that’ll last. Nobody
06:03 knows. Um, but it strikes me as the good
06:06 time to buy Bitcoin to accumulate as
06:09 much as you plan to buy uh before
06:11 Bitcoin ratchets up to the next logical
06:14 price and then probably hangs around
06:16 there for a while. So anyway, still
06:18 seems like a great time to buy Bitcoin
06:20 and you know, seems like the price
06:22 inevitably is going to be a whole lot
06:24 higher in the very near future. So have
06:27 a great day everyone. Thank