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