Inflation numbers in the US are expected to cause volatility for Bitcoin, regardless of the results. The recent halt in banking stocks has caused unrest and speculation that cryptocurrency could replace traditional banking systems. Signature Bank has accused regulators of sending an “anti-crypto message” and admits that it was not insolvent, leading some to believe that the shutdown was a warning to cryptocurrency proponents. However, negative news about traditional banking can sometimes have a positive impact on cryptocurrency, leading to speculation about the true value of the asset class.
HTML H2 Headings:
The Importance of Inflation Numbers in the US
Preparing for Volatile Times in Crypto Trading
Live Coin Watch: The Website and App for Crypto Prices
Is It Time to Sell Everything You Own?
Ripple’s Disruptive Tech for the Banking Industry
Crypto-Friendly Signature Bank Against U.S. Regulators
Investing in Crypto as a Hedge and Asset Class
All right guys before we dive into this video something very important is going to happen today right it is right now the 14th of March and that means in just a little bit we are going to get ourselves the inflation numbers in the US now you guys have all noticed that The entire banking stock list was just completely halted yesterday because things went absolutely Haywire now I think today that things could get even more crazy in regards to the Bitcoin price because of all this banking crushing the big compressor shot up and honestly the way things are looking Right now depending on what numbers come out later yet today you have to understand inflation in theory is pretty good for crypto but for the most part regardless of what number comes out today I think there’ll be a lot of fun and that could be reflected back upon Bitcoin and the rest of our cryptos so again I’ll leave a link to Bible down below is the exchange that I’m using to trade right now again if you check telegram you can see I opened the trade at 21.7 000 I’ll explain a little bit Later as to why I did that but yeah prepared for some volatile times and again guys 12 30 p.m GMT is going to be the inflation numbers from the US it’s going to be extremely important and I would love to live stream it but I’m right now heading over to aibc a Conference because I’m going to be speaking there but yeah all I’m trying to say is get prepared because this could be a very very strange and very very bumpy ride people are not ready you know we we’ve not seen banking stocks take such a brutal hit in a very long While it’s happening all over the world it’s going really crazy so it’s really funny to see the inflation numbers come out at a time like this it’s just gonna be some some oh this is gonna be crazy guys so be prepared all right guys and Before we move on I also want to quickly tell you guys about live coin watch as you probably know I have used this website for years on my channel it’s basically a website and app on iOS and on the Play Store where you can see all the crypto prices again it’s a website And an app and one of the cool things is that they actually have a chat feature where you can talk to developers and just give your general feed feedback Etc and if I look back at my crypto history I have certainly used live coin watch a Lot more than coin market cap or coin gecko or any of these others because I just think it’s a little bit easier to use and things just work a little bit better the only reason I sometimes showcase coin market cap of my videos is because more people are familiar with That than Litecoin watch but if we’re talking about I personally use all the time I always use live coin watch and if you look back at the first I think four years of me making crypto videos this is what I always used to use just wanted to Quickly mention that for you guys
Guys, it might be time that you sell literally everything that you own and the main reason I am saying that is because Mr Jim Cramer has just said a couple of days ago that JP Morgan is a fortress and that is very scary because we all Know it’s always smart to do the exact opposite of what Jim Cramer tells you to do so if he’s saying that JP Morgan one of the biggest banks in the world is a fortress you better prepare for some massive crash to happen to that bank That’s why I tweeted Out All Is Lost and I know that’s partially a joke because I’m not kidding when I’m talking about the fact that he’s almost always exactly like opposite wrong what I mean is that it will all actually crash really hard or rather that you should sell all Because there’s a very big difference between the banking industry and the stocks for that and the opposite which is the cryptocurrency industry there’s some overlap as we’ve seen with xrp Etc but generally speaking it is still quite different all right now one thing we should quickly make clear is that Yesterday was a pretty big day in the crypto space you guys have all seen it we went up like crazy percentages but and here’s the big caveat well it’s quite debatable as to why it happened but I’m thinking is it because the U.S banking stocks were halted as there was A lot of fear in that now xrp lawyer John Dean believes Ripple CEO Brad going house hints that crypto can save the U.S banking system in the current crisis and there’s something to be said about that that Ripple has some disruptive tech for the banking industry that’s right now Just messing themselves up and we have another article that’s kind of in the nature of that things are kind of being manipulated for crypto takeover but there’s also another opposite way that’s kind of saying that they want to just not crypto get crypto in there so it’s Always going to be pushed down which is why Ripple’s case was brought which is why I’ll share something with you in just a second here’s also Ripple’s top lawyer heaps Praise on lawmakers over the svb bailout well generally speaking the most important part of all this is That people are getting their money back for a small part not everything and I don’t know if it’s a full con you know considered a full bailout of sorts uh they’re just protecting the positives which is still important but not as hyped up as they’re making it seem to Come back to the point Ripple can Ripple save the banking system yes and no the reason I’m saying that is because here is also crypto friendly Signature Bank admitting they were never insolvent but got shut down anyway because U.S Regulators wanted to send a very strong anti-crypto message To quote hopefully uh you guys can’t read it perfectly but I’ll read it for you for his part Frank who helped draft the Le uh you know what Landmark Dodd-Frank Act after the 28 or 2008 financial crisis said there was no real objective reason that signature had To be seized quote I think part of what happened was that Regulators wanted to send a very strong anti-crypto message and quote Frank said quote again we became the poster boy because there was no insolvency based on fundamentals end quote and uh Bernardo on the right says hmm well that message Was received with cryptos going up ah sorry they came to pick up the laundry anyway wasn’t it quite ironical indeed that cryptocurrencies which were supposed to be kind of shot down with these announcements was going up so hard it’s because of all this negativity towards the crypto space from these Major Banks but we know they’re afraid we know a lot of this is manipulation and I did the crypto shut up now not because of some Bank manipulation you know trying to take it down but because of True Value being kind of like opened up a little bit let me rephrase that Anytime you see a negative announcement for the banks in theory that’s positive for crypto inflation in the real world in theory is very positive for crypto however most of the times when there are these very bearish announcements for banks very bearish announcement for stocks Etc usually crypto doesn’t do That well because people see this investment you know the Bitcoin investment as a asset class akin to stocks and indices basically they don’t see it as this hedge they don’t see it as in a similar manner as they see gold for the most part and that’s what’s kind Of hurting it so to speak now again sometimes though it slips through the cracks a…