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Hello this is Matt on the moon Lambo Channel one of the most popular and Respected chart analysts in all of Crypto says that the price jumps that We've been experiencing thus far while Fun certainly we've been enjoying the Last few months on the whole right while Well that's been fantastic those price Jumps are about to get way more Aggressive and he notes that uh his his His crypto thesis which he frankly Started talking about about almost four Years ago at this point it's playing out Right now and so he is of the mindset And we'll see uh if he's right or wrong Because not everybody agrees but he is Of the mindset that what we're seeing Play out right now is a super cycle and He's calling for new alltime high for Bitcoin in short order which is Interesting because like there there are A couple of my very favorite analysts in Particular that I I think are almost Always correct when they have Perspectives about what's most probable They uh they you know they're generally Right but they could not not disagree More on a key idea of whether or not We're actually going to see a new All-time high for Bitcoin this cycle in 2024 and it's just fascinating and so That's why I I'll highlight the ideas And we'll just see who's right and who's Wrong as time plays out here uh nobody
Knows for sure but interesting Discussion nonetheless before going Further though I do want to be clear I Do not have a financial background of Any kind I am not offering Financial Advice and you should not buy or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun as I record this video xrp Is just a little shy of 64 cents Bitcoin At 43,44 buckss so uh Market has been Moving up for much of the last 24 hours You've got the crypto fear and greed Index at 73 out of 100 and the market G For the asset class is back over $1.7 Trillion so who is this analyst that I Was referencing it would be none other Than incredible crypto and last night uh He shared a couple posts on social media Platform X that I found to be very Interesting interesting and um he is one Of my favorite analysts out there so Referencing um you know in my intro here Some of what he was getting at um it's Fascinating because he is one of the few Where if you go back a year ago he was Super bullsh he's like guys this is this Is pretty much the bottom you know he Was saying stuff like along those lines Back in like November of last year and That was not a popular thing to say back
Then that's what that's when you had uh All the the you know the normies out There even if not normies just you know The typical retail speculators in crypto Uh you know saying No this thing's going To keep cratering down you know the 12,000 Bitcoin those types of people Credible crypto was like he he just he Could not have been more convinced that Those people were wrong and he was right That it was that they were wrong because Now we here A year later look at where Bitcoin is and the whole Market's been Moving up um but one of the things he Did call for was a new all-time high for Bitcoin in 2023 now technically there's Still time technically uh but it's not Looking very probable at this particular Moment right we're at the tail end of The year is that actually going to Happen and so and I have said before Nothing but love for credible crypto but Anytime any analyst uh shares a Prediction and it's based on a very Specific timeline I get nervous for that Analyst because even if their ideas are Right um you know and the chart Formation that they they they see is Actually playing out the timeline for Any portion of such a play out can go a Little faster here or there a little bit Slower and so making time predictions Notoriously dangerous but he did it and So I I admire it he put his he put his
Neck on the line doesn't look like it's Likely to happen um that in and of Itself doesn't necessarily mean that He's wrong but he's I won't be surprised If a bunch of people give him crap Because it's it is like one of the Bigger predictions you could make uh now As far as you know does this make me Think that he's he's not worth uh know His penion is not worth anything no my Perspective of credible crypto has not Changed on this um and he defended Himself on this point I think fairly Enough here's here's what he had to say I shared my higher time frame macro Thesis 3 to 4 years ago at the time I Was expecting this cycle to top sometime After 2023 as price action developed that Timeline got adjusted but we have ended Up right around the expected window and As we make new highs and top in the Coming months this will only further be Confirmed I think a few months is an Acceptable Market of error for a thesis That was first shared 4 years ago lol And you know my opinion is fair enough Honestly fair enough if it if we don't See a new alltime high for we get Bitcoin but he is right that it's coming This Market cycle and it comes a month Or two or three later whatever it ends Up being uh my attitude would be okay Close enough because it's he's not
Shifting what he's saying he sees in the Charts that that has been on point for Basically about four years at this point So he's not shifting that it's just the The specific timeline for when Bitcoin Would hit it could be slightly off That's his opinion so again we we'll Come to see if it passes and then of Course on the flip side you have uh the Blockchain backer another one of my very Favorite analysts out there uh like like The correct hits for both of these People truly impressive but they Disagree from what I've seen from the Blockchain backer he is not currently Convinced that uh that a Bitcoin all new Alltime high is going to be coming and And that actually makes would I hope He's not right I'm sure he hopes he's Not right but that would make me a Little bit nervous because if we don't See Bitcoin hitting a new alltime high I Have no reason to think that xrp will Hit a new alltime high so even if all Sorts of coins are popping off why Should I think that xrp is going to do It that would be unfortunate so I'm Hoping that does not come to pass here Um but we're going to see we're going to Go through this together and see who's Right um and there was a separate post And this this kind of expands upon what Cred credible crypto was was saying here And he wrote The Following this is all
From last night as we approach the end Of the year it feels like a good time to Retweet my macro thesis below which I Still expect to play out At the time when I originally shared This we were trading at $3,300 and I'll pause to note that he's Talking about a post from this year Which he shared on July 1st anyway he Continues TimeWise I was expecting an Earlier breakout but we ended up Consolidating longer than expected in The $25,000 region which as a result has Pushed the timeline back a bit not by Much still fully expect new all-time High on Bitcoin in q1 of 2024 price inv validation levels which Are more concrete and not as flexible as Time were never hit as we climbed up Maintaining bullish Market structure Throughout our rise in any case it's Clear that our next major leg up and the Final impulsive leg of this cycle which Started in 2018 at $3,000 Bitcoin has Begun and for those who are still in Denial it will be even more clear and Undeniable in a month or two in my Opinion In the coming months I expect further Continuation upwards at a more Aggressive Pace than we have seen thus Far as we build up to what will be a Blowoff top for the books to conclude This multi-year cycle as per my full
Thesis below I expect Bitcoin to break $100,000 plus by the end of this Parabolic run top sometime around mid 2024 and for us to be well within the First major secular Bitcoin be Market by 2025 catching most off guard so there It's it's all out there and so I I've Listened to the perspective from Credible crypto and blockchain Backer And of course many others but um these Two people in particular because they're At the top of my list of of favorite Animals they're all sorts of other great Analyst so it's not to poo poo with the Other analysts out there but it's just So fascinating because I've been Tracking both of them for years and they Both have such an incredible hit rate And they disagree on something that is Crucial to all of us so that's why I'm Highlighting this it's FAS and again Like I said you know xrp is my largest Individual crypto holding it's never hit A new all-time high without Bitcoin Doing so first so the blockchain backer Certainly could be correct I I don't Pretend to know if credible crypto's Right or the blockchain backer or some Sort of wild card event happens and it's Something a little bit different than What they're both saying who knows but Uh I hope that credible crypto is Correct rather than the bot backer I Certainly hope that because I just I do
Not have confidence xp's going to hit a New alltime high otherwise so I'm not Going to go there I'm not trying to be Too negative right now those are just my Honest thoughts Um but I'm optimistic for the future We'll just we'll just see what happens I Think we're going to have a really Exciting 2024 especially in the first Half of the year and and by the way That's something that the blockchain Backer agrees upon too because I know There's a lot of crossover between his Audience and my audience so I'm sure a Lot of you are well aware of his Perspectives and he want his break down On technical analysis uh he does an Absolute killer job on a daily basis so So check it out but he does believe that We're going to be likely seeing some Serious fireworks over the next several Months or so so on that on that point They agree on that part so that's good So we're going to have some fun for sure It's just kind of a question of to what Degree um there's also this I wanted to Note this because look whatever you Think of Michael sailor the uh the Founder of micro strategy publicly Traded company that keeps buying a ton Of Bitcoin whatever you think of him uh And he is he is a maximalist and I think That's re completely ridiculous uh I Admire the conviction that he has he
Just keeps buying bitcoin price goes up He buys price goes down he buys whatever He just keeps buying and so here you can See the headline from coindesk micro Strategy buys $615 Million worth Additional Bitcoin pushing Holdings to$ 5.9 billion Doar and so it's just it takes Conviction and sometimes conviction can Be ill-placed like for instance I have Insanely High conviction that xrp at Some unknown point in the future will Hit a new all-time high in Enterprise Disc Discovery I could not be more Convinced that that's the most probable Outcome I could be wrong though and I Admit that like I'm I'm I'm adult enough To acknowledge despite my conviction I Could be wrong but I will also say that Having strong conviction and following Through and not making emotional Decisions is a requirement not a Suggestion when it comes to investing in Particular in crypto which is inherently Incredibly volatile right So the fact that I have that kind of Mindset when it comes to my xrp like I Just I've just I've never sold a single Xrp in my entire life I'm going to I I Intend to anyway I just have to be Enticed to do so but the fact that I've Taken in some ways a very similar Mindset of I believe this thing's going To blow I'm i' i' I've stocked up it's
My largest individual holding by a lot And I'm just going to sit there and do Nothing uh fairly similarly Michael Sailor is doing this with Bitcoin and so From an investment P like a strategy Perspective this is the type of strategy That makes sense to me you buy stuff and Then you do nothing that's pretty much It anyway piece reads as follows micro Strategy the largest corporate holder of Bitcoin added more to its Holdings on Wednesday buying 14,000 620 Bitcoin for Around $65.79 Per Bitcoin the recent purchase uh Pushes the company's Holdings to 9,150 Bitcoin worth around $5.9 billion Which was bought at an average price of $31,100 there's a lesson in this this is Why I wanted to highlight this it's not I'm not excited about Bitcoin really I Hold it I'm Pro Bitcoin I'm just not Excited about it but I want to highlight This because I'm telling you for most of The last few years there's been no Shortage of people trolling Michael Sailor because he's put all this money Into Bitcoin and oh it's been Dow he Down by to the tune of what I can't Remember how what it was at its worse How many millions of dollars or hundreds Of millions do whatever it was maybe it Was over bli I can't remember the point Is micro strategy was down substantially
Still continue to purchase and despite Getting ripped on uh here we are now They're substantially in profit well how About that who saw that coming well I Think the same thing's going to unfold With xrp and so it's a fun time to be in Crypto now as far as the ETF stuff Though I did want to briefly talk about This um I you know I'll just read what I I shared on U social media platform X this morning um and it was interesting Because know there's an article covering This a well-known figure in crypto uh is Thinking the same thing that I'm Thinking in terms of this is a selda News event so here's what I wrote my bet Is a bunch of Bitcoin ETF applicants Will all get approved at the same time And that it will be a sell the news Event even if there is a bit of a price Pump at first happy to be wrong but That's my bet just for fun and there's Some people that responded that think The same as me and there's some people That responded me and think that I'm Wrong and that's fine I civil discourse Is awesome um I I don't get offended by People having different opinions than Mine and I could be wrong I mean maybe It's not a sell news event but but I I Feel fairly strongly that it's going to Be meaning so yes it could go up in Price you could see a huge rocket in Price that maybe isn't sustained and
Then a correction to the downside and as People start taking profit when this Happens that would not surprise me in The least because the news doesn't mean That that the snap of a finger that There's all this increased actual demand Uh on on on this in terms of purchasing The actual ETF which is backed by actual Bitcoin that will take time and then uh You know people are going to need to Convince their clients and let them know The prodcts available the whole n yards I talked about that before so it's still Going to be exciting it'll be Interesting I won't be surprised if it Is a s the news event And you know that's not what you see in Most of the headlines like the The Narrative that is is really proliferated Which if you've been in crypto for more Than 5 minutes you might be aware of Maybe won't surprise you it's that this Is going to be an instance that Bitcoin It's just a major Catalyst and bitcoin's Just going to take off from there that's It so good luck if you get an even a day Before this thing because once that news Breaks that's it well I don't see any Historic precedent that would make it Reasonable to believe that but that's The narrative and you know there's Always stupid ass narratives in the World of crypto and Retail believes Stuff that's wrong all the damn time um
So it was interesting to see this Headline uh which I think is in line With reality uh arcs Kathy Wood SE Short-term effect of spot Bitcoin ETF as Sell on news so it's not surprised that Coin Telegraph will cover this because Kathy Wood is wellknown I'm just telling You that it doesn't seem to me that this Is a popular opinion I think she's she's Right and I have the same opinion um and I still think it's going to be very Positive like if you pass forward a Number of years and decades out um I Think these these products are going to Be very successful and I think that's Going to have a very serious impact on The supply and demand Dynamics for Bitcoin it's can be very positive which Means great for the entire ecosystem Entire crypto ecosystem uh but from the Get-go eh we'll probably see an exciting Burst it'll be a fun day and then we'll See how quickly things tank to the Downside that that's my expectation here But here's a quote from her those who Have been moving in and enjoying some Nice profits will probably sell on the News that's an expression that Traders Use so you anticipate the event beat up The price and then sell on the news end Quote yep that sounds about right to me So but even if that happens that doesn't Mean that everything's cratering down Forever and going to zero um I I
Certainly do buy into the idea that We're going to have a lot of fun in 2024 And I am optimistic and Bitcoin better Hit a new alltime high damn it because We need that otherwise we're going to be Waiting who knows how long for xrp to Hit a new alltime high and you know we Could still see fireworks with xrp even If Bitcoin doesn't but new alltime high I'm skeptical of that because we have Seen when Bitcoin runs Xrp you know can have some major moves Uh but it's just like to what Degree so we'll see here but uh I I Don't know folks I've just I've never Been this excited as an xrp holder I've Never been this excited being in crypto Because unless we're all supremely Disappointed and the fireworks actually Aren't going to come in 2024 which I Find to be unlikely unless that happens I like I personally am finally going to Unload my crypto by the boatload that's What I'm hoping to do and we'll see what Happens as time passes uh but yeah as Long as things really are as bullish as Some people are anticipating yup which I'm ready for I mean I've been at this Over six years I've never cashed out Into United States dollars it would be Nice to finally do that but I've been Building a thing for that whole time and Not worrying about the Cycles in between Because this this will be my third full
Full bull market should we get it um so We'll just see what it looks like but I Am very Optimistic I'm not a financial adviser You should not buy or sell anything Because of anything I say right that Would be a very very very bad idea until Next time to the Moon Lambo
