There is one thing that would bring Bitcoin to 250.000 and that’s an ETF. And Ran has insider news that an ETF is closer than we might think.
Ethereum is launching breaking speed development, about 100x quicker soon. Together with less gas fees this will ignite a massive altcoin run, presumably bigger than 2017/2018.
Ran is pointing at a CNBC interview between Pomp and Jason Calcanis who is rather sceptic on Bitcoin. Jason is convinced that Bitcoin is highly manipulated and when another ‘coin comes around the corner’ people will jump ship toward the next Bitcoin.
After a severe hack last week, PAID Network is back in business. A new contract (v2) is in place, and according to Ran now is the time to buy into PAID with all the surrounding FUD happening right now.
Ran’s interview with Bitlord is a great segment where he is giving his insights on how to trade this bull run. Bitlord understands it’s difficult to hold your bags right now, “It’s easy to hold when your coins are down and in a loss, however don’t get tempted and don’t sell yet”. Bitlord suggests buying projects like Polkadot, Kusama, etc. Look for fundamental projects with good teams and low enough market cap, and get in now.
Next up is Ched, who is charting Bitcoin and Litecoin where he has a bullish view of. Also Polkadot and Cardano look favourable, however Polkadot entered a ‘beautiful consolidation to a bull pennant” and might see $50 soon. Don’t count out Cardano, but Polkadot is looking stronger. Ched is closing off with mentioning Uniswap which looks interesting to step-in around 29 usd.
Today’s main story is the predicted Bitcoin ETF. Former head of the SEC, Jay Clayton was no fan of a BTC ETF but the current head of the SEC, Gary Gensler is highly educated into crypto and blockchain and has a more progressive view. Beside that, in the market you see companies like Grayscale already have multiple open job positions for ETF specialists. Ran has insider knowledge that hints at a coming approval.
And then he expects not only a Bitcoin ETF but also an Ethereum, Litecoin and Cardano ETF as well. Canada already has three ETFs, and Ran is convinced that Clayton will not be standing at the sideline for too long.
This episode premiered March 8, 2021.