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Hello this is Matt on the moon Lambo Channel a very popular chart analyst Says that it's about time for another Price burst for Bitcoin and he says that Uh you know it's up only season so once This thing starts going again don't Expect it to stop anytime soon so what Does that mean for xrp well I've covered In recent videos perspective from a Number of chart analysts and there's This this range of the mid to uper 60 Something Cent region that I keep seeing Multiple chart analysts talk about in Terms of expectations for short short Term price action if the Market's going To move to the upside and let's be real I think pretty much everybody recognizes That Bitcoin leads the market and if Bitcoin is going to go up xrp is just Going to follow directionally and the Good thing is that recently as Bitcoin Recently burst from about $28,000 or so Up to at one point a little over $35,000 xrp absolutely moved in perfect Correlation even if we didn't have the Same impressive percentage increases Over in you over a given 24-hour period It's still doing what it's doing but When Bitcoin starts going like Especially the first day let's be real That's a Bitcoin day but the market Moves in tandem so it's fantastic for Everything and xrp is absolutely caught Up quite a bit um so I'll share with you
Perspective on that and also there's a Broader question a couple other topics I Want to talk about in this video because There's a broader question about the Black Rock ETF situation is it overblown Is it actually going to result in insane Price appreciation for Bitcoin in the Broader crypto market and I I still Maintain abs absolutely the the answer To that question is yes but there's a Very popular analyst out there uh who Who I think does a fantastic job he just Asked a question and I'm going to share With you exactly what he stated here but It's a reasonable question that might Make you second guess that um I'm still Not concerned and I'll explain why and Then there's this question of is is Bitcoin and and the broader crypto asset Class is it actually finally decoupling From the stock market because as I'm Sure everybody's s to this point or the Vast majority maybe you don't if you're New to crypto in which case a welcome It's a wild ride here uh the crypto Asset class for the entirety of its Existence has moved in tandem so Bitcoin Leads the way and then altcoins follow And you can find some outliers here and There sure of course stuff like that Happens but just broadly speaking it Moves in tandem in a way that you don't Necessarily expect not to this degree in The stock market you know
Cryptocurrencies are not sufficiently Being parsed out in terms of the value That they offer not not sufficiently and I think that this speaks to the degree That we're in a nent asset class still Even after 14 years I would argue that So is it's something is something Different here now because stocks have Not been doing so well and some some Have argued some analysts have argued Stocks are in a bare market now that Like it it's just hit but you see Bitcoin charts looking absolutely Fantastic so is there an actual Decoupling Now um but before going further actually I do want to be clear I I do not have a Financial background of any kind I not Offering Financial advice and you Definitely should not 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 now as I record this latest Moon Lambo Hot Jam xrp's 54 cents Bitcoin at 34274 bucks in the crypto fear and greed Index at 65 out of 100 so Market Participants are feeling greedy you love To see it U here is a chart it's is a Bitcoin USD chart shared by a chart Analyst credible crypto 34 8,900 Followers now welld deserved I would say
And in part he wrote The Following the Bitcoin chart below was taken from my Most recent video update shared two days Ago and I think we are just about ready For the next leg up and so folks he's Been saying this for some time he's been One of the most bullish uh throughout This year and he also was asked the Following by uh somebody on crypto Twitter here or what what do we call it Now just C crypto X I don't know Everybody always abbreviates at CT for Short I I don't know nobody some people Are still using CT as you can see on the Screen here but anyway this guy wrote it Looks good indeed credible crypto few Good crypto Twitter folks calling for a Pullback to low3s once we hit $40,000 How likely do you see that Playing out so there the question being Is once we get closer to $40,000 are we Actually going to see a pullback to Maybe around $330,000 or so incredible Crypto says very very unlikely it's up Only season baby so he's very optimistic For this and that chart I had on the Other screen you can see I mean he's He's anticipating it shooting up you Looked where the arrows going you know Upper $4,000 something reging now he may Just be trying to indicate directionally That's that's we should expect not Necessarily $48,000 but he is also said Earlier this year and up to this point
He's he's been maintaining this he still Thinks that what is most probable is we Will see a new all-time high for Bitcoin This calendar year and he's the only Analyst that I regularly follow that Thinks that that's the case so I hope He's right cuz sometimes my minority Opinions absolutely do pan out um and Then there's also this and this this Topic I find very fascinating because I I've been saying for some time that this It's hard to overstate the impact that a Spot Bitcoin ETF will have and yeah It'll be fun to see the initial news It'll cause Bitcoin and and broader Crypto asset class to Rally to whatever Degree does and maybe it goes back down Shortly after that okay fine we see Stuff like that happens when news Breaks um and of course there's also the Factor okay to what degree is it priced In and that's somewhat of a Unown I Think it's mostly not priced in to this Point but um but there's this question Again you know is is is is it actually Going to do anything meaningful I I I've Argued over a really long period of time Especially if you look five 10 15 20 Years out the amount of money that will Have exposure to bitcoin that otherwise Wouldn't will be Substantial but you know that there have Been spot Bitcoin ETFs before just not In the United States right for instance
There's a spot Bitcoin ETF in Canada and That's from a firm called uh purpose Investments and on your screen right Here is a chart and the yellow bars that Would show the uh purpose Investments Bitcoin ETF Holdings and then you can See uh the Bitcoin price in United States dollars laid right on top of that And this was shared by Txmc and this particular analyst I'm a Big fan of uh formerly worked at glass Node I'm a big fan of glass node too Because they just it's just they pulled Data from blockchains like it's it's Onchain analytics I love that stuff and Txmc I found find to be rather Insightful and so he's asking here a Question because he he doesn't seem to Find the argument compelling the idea That what I was just saying that a spot Bitcoin ETF would indeed cause markets To Rally to any particularly notable Degree so let's break this down uh he Wrote The Following Canada Canada has Had a spot ETF for over two 2 years Holdings have been essentially unchanged Since July 2022 if there was an urgency among the $2 trillion Canadian pension Market to Go uh to get exposure to this asset Wouldn't the value be climbing what am I Missing a common reply uh it's Canada Bro as if that explains Anything a top 10 world economy by GDP
Generally more crypto more friendly to Crypto regulation with a massive money Printing disease literally the ideal Setup for Bitcoin is to be bullish Canadian Bitcoin uh P Canadian Doctrine Isn't it people keep telling me how much Money Black Rock has but that isn't my Point I also didn't ask why Canada is Smaller than the United States I asked why the human beings in Canada a major economy are not Demonstrating steady allocation Behavior When they have multiple spot ETFs it's just a simple question with Data included and yet many of you chose To treat this like a threat to your Belief system calling me a dumb clown do Some self-reflection and grow yeah and So I I appreciate that he's asking the Question if if you're not convinced of Something and you want to engage in Thoughtful discourse you pose the Question and maybe you could even be Persuaded right because if you're not Ideologically driven if data hits you my Good argument like oh hey okay I buy That that sense and so that's where he Was coming from obviously and with this Being you know the internet you're going To have all sorts of people come out of The Woodworks and if they do feel like Their belief system is challenged as is The case with many Bitcoin toxic Bitcoin Maximist yes they're going to perceive
The question as an attack you see that Stuff all the time it's it's it's I hate This crap but this is how some people Behave the question is perfectly Reasonable and I also think that there's A very reasonable answer and so I I Certainly don't share the Concern and it can be summed up right Here uh by analyst will Clemente with His 691 th000 followers and he seems to Be more like a Bitcoin maximalist type But he's right look what he here's what He said he reposted what txmc shared and He wrote here's the difference purpose So that would be purpose Investments has $14 billion in assets under management Black Rock has $9 trillion reputation And resources they have to throw at P Pushing it are infinitely larger yeah And so I I'll word it a little bit Different than that but the concept is Correct so if if you look at the chart That I just had full screen here I'll Make it full screen again this from txmc Showing purpose Bitcoin ETF Holdings and Then the the Bitcoin Price um you look the reason that this Is going to go Bonkers over a longer Period of time is because you're going To have investment advisers pushing the Spot Bitcoin ETF to their clients as Anthony scaramucci who is the um maybe I Think it's was co-founder of skybridge Capital major firm with however many
Billions and assets under management you Know he he's publicly stated look There's over on Wall Street there's over A 100,000 investment advisers that once These spot Bitcoin ETFs get approved They're going to be pushing this to Their clients so you're talking about Firms if you talk about all the firms That are applying right now I think the Number was something like they have Something like $17 trillion do in assets Under management and if they have their Teams in unison pushing this product to Their clients yes you better believe They're a good Sal Force and and like I Understand how sales works like it's not Just a product is available and then People flock to it and so I think that That's what what the point that txmc was Missing uh now I happen to have a strong Background in sales I started my career In outside sales actually uh selling Businesso business products I won't get Into the specifics of it but I was Literally in my early 20s after I Graduated from college knocking on Business doors walking in introducing Myself uh just striking up a Conversation and then ultimately trying To pitch product so the product was Available whether or not I went into the Individual business locations but were They flocking to us no you have to go Out there and sell it so when you're
Talking about 100,000 investment Advisors absolutely pushing this thing To their existing clients yes it's an Upsell and you better believe a ton of Them are so then as far as what happened With this this firm in Canada purpose Investments uh well to what degree they Sufficiently push this I can't say and It's just one firm right there and it is A small amount in terms of assets under Management so that wouldn't move the Needle on a global scale even if they Did a good job but when you're talking About $17 Trillion in the United States the E like The the largest economic Juggernaut in The history of our species yeah that's Going to move the needle that's Definitely going so it's a perfectly Reasonable question that Txmc uh asked here but I think the Answer is actually fairly simplistic it It's that it was just a tiny amount so Even if they had did a great job with Their Salesforce which is to say their Investment advisers pushing this to Their existing clients even if they did And I don't know if they did but even if They did that's one small firm with you Know 9 billion in assets under Management when you compare that and I Say small that's Rel you know it's Comparatively it's small when you when You're talking about you know 17
Trillion dollar in assets under Management and then the my God the Attention this is getting on national Television and uh and social media as a Result it's not the same as when Canada Got their spot Bitcoin ETF approved and Larry Fink on on National Television Saying that you know crypto a flight to Safety was that happening a couple years Ago no it's it's it's different it just Is different so yes I do firmly believe That all of these firms pushing this is Is the reason why and so txmc responded To will Clemente and asked so you think It's just a marketing thing and I'll say This I don't think it's a marketing Thing I think it's a sales thing Marketing and sales are although Somewhat similar in some way they're Different they are they're they're Closely related but they are different Uh when you're talking about sales You're talking about about individual Like boots on the ground out there Pushing this thing and I don't literally Mean they're walking towards to door Like I did in my early career but you Know making phone calls contacting Existing clients taking a proactive Approach whereas just launching this Thing with no Fanfare no advertising no Marketing and no Salesforce pushing it No that's not going to result in more Money flowing into it but doing all of
Those things in unison yes absolutely And I think that it's going to be Profound over a longer period of time The first burst once when news breaks I Think it's going to be fun but I think The impact over a longer period of time Is what really truly matters and so Here's what will Clemente said in Response to that though because again The question so you think it's just a Marketing thing will Clemente said Larry Fink Black Rock and Fidelity endorsing Bitcoin does more for the career risk of Promoting SL allocating to bitcoin than Purpose ever could so yeah I think Distribution trumps All In Black Rock Has the biggest of anyone and so I Broadly agree with the argument being Made there obviously as I've articulated Here if you're talking about over a 100,000 investment advisers which just Think of them as salespeople pushing the Product yes absolutely and that's Different than purpose Investments even If they did a great job and I don't know If they did but even if they they did That's that's a firm that's one firm in Canada this is not the same this is Clearly not the same but it was a great Question very reasonable question by Txmc so I just shared my thoughts on That but I'm I'm glad that he asked it And it it made for an interesting you Know topic of discussion so you guys can
Tell me what you think about what he Said in my perspective that's how I look At it and then there's also this there's This video I watched this earlier today This is from chart analyst alesio Rani And he's got 66,000 followers on X but He's got 375,000 Subscribers on on YouTube uh and I would Consider him to be one of the top shelf Analysts out there he's he's among one Of my favorites I just don't always Cover his perspective because he's he's Not always posting as regularly and it's Not always crypto related but he had This video where he was speaking with Somebody he knows it was kind of a Little bit of back and forth not so much An interview I don't know if it's Supposed to be more of an interview was Kind of a back and forth and sharing of Ideas and this guy that he was talking To they you know it was more so about The stock market and I don't want to go Through everything that they talked About check out the video yourself if You want to it's pretty interesting went For about 20 minutes but you know I've Been following what he's been saying About the stock stock market and his Recent videos and he he says stock Market's in a in a bare market now it Has hit and he's articulated why and I Don't want to regurgitate his ta his Technical analysis explaining why just
Know that's that's his perspective and He has given the technical reasons why And it's it's fascinating though because He's recognized even before Bitcoin had Its recent run up when it was closer to Like $28,000 he said bitcoin's in a bull Market though look at the charts it's It's bullish right so how can this be And so what he articulated is that one Of these charts is line he says either This this chart showing that stocks are The downside because if you look at the Dow Jones are the that S&P 500 look over The last three months it's just trending On down to the trending on down just it Just is it's to the downside and he says Either that chart's line and it's going To it's going to have to snap back into Place with Bitcoin which is moving to The upside or the Bitcoin chart is line And it's going to have to snap back in Place to the downside and so then you Have this argument is it the case Because it has been historically the Case that these asset classes will Continue to move in tandem for the for These these bigger moves or is this the Moment in time where there's a Decoupling and not convinced one way in Fact if I had to guess I I mean it would Just be kind of hard for me to believe That this is the actual moment in time After all these years where now there's An actual permanent decoupling I do find
That hard to believe it could be the Case it could be but I'm skeptical of That so I don't know I don't know if That means that you know chart analyst Like credible crypto and he says that You know we're going to have a new Alltime high this year I don't know if He's wrong and then we start seeing Bitcoin crater on down back into the Lower 20,000 or something disastrous Happens which I'm not predicting I'm Saying I lit literally don't know or is It going to be the case that the stock Market it's you know it's it's Approaching its bottom and it's actually Just going to flip and then get back in Line with Bitcoin I mean are they actually going To be Divergent for the first time in History in a meaningful way because You've seen stuff over shorter periods Of time yes where they're not perfectly Correlated that's not surprising we've Seen that before but but when you zoom Out on a chart you can see that they're Moving in tandem so the question is is Is that Done that's the big question here right And so uh there was this post from txmc And he wrote if indeed this time is not Different for the economy in Boomer Markets then it ironically means this Time likely is different for Bitcoin and Crypto RIT large and so what he's
Getting at there is that if the economy And truly is going to keep going into The tank you know if you look what's Happening with Stocks then this time actually would be Different for Bitcoin not not the the Bitcoin chart it says what it says if You look at it in vacuum it's bullish I Get that that's what the vast majority Of analist believe but if you look at That and then also look at stocks what Would be different is that bitcoin's Divergent here compared to what what the Stock market is doing so that points not Lost to me so this it's interesting I Don't pretend to know how this is going To pan out uh I hope that either this is The actual decoupling which I'm kind Kind of skeptical of we'll see uh just Because we got 14 years worth of History Showing that no but so this is the point Fine okay if this is it's it's really Going to be decoupled forever okay super Duper I'm not completely sold on the Idea but it's either that or What I mean if we going to bitcoin keep Running up and then what stocks are just Going to snap back into place with bit You guys tell me I don't pretend to have The answer but you know that's what We're looking at here um and then there Was Also uh there's also this headline from The daily huddle Bitcoin has plenty of
Gas left in the tank after decoupling From stocks says analyst here are his Targets so this analyst uh who is a Massive Following also he does seem to Think that perhaps this is what's going On here there's a there's a decoupling One crypto analyst believes Bitcoin Still has more room to run to the upside Despite its already impressive rallies This month synonymous crypto analyst CIO Says bitcoin's relative performance Against the S&P 500 or SPX for short is Part of a growing stack of evidence that Bitcoin has decoupled from the stock Market according to the analyst Bitcoin Has more gas in the tank for a further Move to the upside CIO says that based On bitcoin Sy historic performance Against S&P 500 a move to the next main Resistant Supply area of $40,000 is now a likely Scenario and he said quote over the Course of the past month we finally seen The bullish decoupling from for Bitcoin From equities that everyone was waiting For while Bitcoin is up only 36% versus USD from the September lows Bitcoin is Up 48% versus S&P 500 this chart is one Of the reasons I still think there's Plenty of fuel left in the tank for a Move higher than $40,000 the solid white line that marks The 2017 ratio all-time high has been a Significant pivot level for bitcoin
Price action the past several years it Served as a solid Baseline support for The 2021/2022 bull market and when it fi was Finally broken served as the pivot point For the real momentum shift into the Liquidation Cascade to the lows we Experienced in the second half of 2022 Into the early part of this year now That we've cleared that level we've got Clear skies without any major resistance Levels until the level where Bitcoin Sold off due to the Luna us crash which Correlates to a bitcoin price of $40,000 end quote so that's what he says And if he's talking over the short term Then that would seem certainly more Plausible than my humble opinion but uh You guys just tell me what you think Here because in particular for the Biggest moves that you see in the stock Market you see you can think like one of The most popular examples to pull from In recent memory would be the pandemic In 2020 you can think about how crypto And the stock market moved in the Perfect Unison during that crash because Those risk on assets were just being Treated the same and so it's it's not The case that for even somewhat large Junction of time that you see a perfect Correlation and I'm certainly not Arguing that to be clear but I'm just Saying if you zoom out on a chart and
You look at especially for those major Pivotal moments there is high Correlation there always has been I Don't think really anybody disputes that So the question is what's next that's The only part that is slightly scary in Terms of price action for crypto right Now and I say scary um not that I'd Literally be scared because even if we Have disastrous uh you know a disastrous Recession in stocks tank and crypto Tanks um to me that would ultimately if It goes low enough just represent a Buying opportunity and I'll just wait However long I need to because I Understand that you Know the the economy will recover I Understand that stock prices will Recover and crypto prices will recover So I I don't freak out when markets Crash like that I don't care I just view It as uh you know an opportunity because As long as I have uh income as long as I've got money rolling in and I have a Few income streams I'm good what what What's it matter not that I like seeing Prices go down I don't like seeing my Net worth go lower but uh I do like the Opportunity to purchase so as long as I Got money coming in and I don't need I Didn't need to pull Anything for any major expenses anyway What the hell do I care I'll just take The money that I'm currently earning
While the prices are suppressed and then Buy more and it doesn't matter and so That's that's why like that in a Nutshell is why I don't get stressed and I don't have negative emotional Responses uh to lower price action I I Just don't unless there were a Fundamental shift that that would that Would cause alarm in me but if you're Just talking about the regular jocell And regular volatility in markets no Just I don't I don't care I don't give a Damn it doesn't make logical sense to Have those emotions and if you have Sufficient data to recognize uh that you Know how humans Behave you understand why I feel that Way and how it just you can just stop Letting yourself feel those emotions Eventually it'll sink in for people once They've been in markets long enough but Anyway so there are some general Thoughts you guys let me know what you Think I'm broadly optimistic though I Mean it's it seems pretty plausible at Least that bitcoin's going to keep Running xrp is going to follow and it'll Be interesting to see when things really Heat up because eventually we will be in Euphoria again I don't pretend to know Exactly when something soon sooner than Later but however long it takes I'm Going to be here because it's going to Be a hell of a ride it's going to be a
Blast I'm not a financial adviser you Should not buy yourself anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo
