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Hello this is Matt on the moon Lambo Channel I thought I'd just put together A quick little Sunday evening update for You uh sharing perspectives from a Number of analysts in the space uh in Case anybody's curious at the time I'm Recording this it is 7:07 p.m. central Time which is my time zone here in the Good old United States in the Midwest And it is January 7th Sunday 2024 um and it's been interesting we're Looking at the screen here there's a Reason I started here it's just Fascinating to see that xrp was Cratering down I mean visually it looks Like that since I mean it got down to 55 And it just propped right on back up and It's just interesting cuz uh Bitcoin Went down and just kind of down Currently so xrp followed them it's like No we just got to go to the upside so I'm going to be watching this for the Rest of the evening just out of Curiosity because you don't always see That so we'll see if it particularly Means anything but uh regardless here Comes the volatility folks here's the Deal we have this week we are just m Days away uh from extreme volatility as A result of news breaking from the spot Bitcoin ETF and from what the Insiders Say it's a done deal although not Technically verified because the SEC Hasn't said so this thing is going to
Get approved it could happen in theory As soon as tomorrow Monday the 8th but Uh some people think it's more probable That it'll actually get announced on 10 On the 10th Wes Wednesday So what's that going to look like that's Proba of what I want to talk about in This video but it's going to be Absolutely Bonkers for better or worse And I've said what I think on it but uh We're all going to find out together and Again I'm happy to wrong cuz I think It's going to Rocket the price of Bitcoin up but it's going to be a sell The news event in short order and um and Then Market recovers for the rest of Year but happy to be wrong happy to be Wrong uh 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 Definitely 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 and by the way I came Across this uh this post from somebody Named Palmer lucky it's a screen grab From a post on April 8th 2013 and I've Actually not seen this one before I've Seen some old tiny post from over a Decade ago where people are talking About where they're buying and selling
Bitcoin and they're always interesting Because they you know it's just a it's a It's a window into the past and then it Always makes you wish God damn it I wish I had know you know because pretty much None of us were around a decade ago in The world of crypto right and so anyway His post reads as Follows I bought Bitcoin at $250 54 and They laughed I bought more post crash at $8 and they laughed again Bitcoin stands At $191 at last it is my turn to laugh so He actually reposted that and just wrote Still laughing and you know what good For you honestly I don't know who this Guy is honestly he's got a big following But good seriously good for him um Because he saw something and had you Know the actual emotional fortitude to See something through that he had Conviction or else he wouldn't do that That's that's such dramatic volatility Like my God obviously bitcoin's not as Volatile today as it was back then as Time passes as more money goes in of Course the volatility is going to be Decreasing but it's still you know part Of the most volatile asset class on the Entire planet but he he bought it at $254 and saw it as high as $70,000 just About is knocking on 70,000 door during The alltime high a few years back and The reason I thought I'd highlight this
Is just because like this is is what it Requires to be successful in crypto and I see everybody freaking out not I That's too much there are certain people In the xrp community that are noisy Right now complaining about xrp price And that's actually something that you Kind of expect to see right before a Blast off itss there's this uh you know CU look you get beat up enough and That's it can be a bottom indicator but I'm just saying this is the type of Thing where if you if you fast forward a Decade for us here in the xrp community And we're talking about the the Opportunity to buy xrp at today at you Know time I'm recording this 58 cents I Think it's going to be the same type of Thing just like for the people that were In xrp a decade ago same story half a Penny ramped almost four bucks and even At 58 cents now my God that that's that Is life-changing returns like like That's that's what that Offers it's just the question of can you See it through well I have every Intention of doing so it's always cool To see those anytime I come across this I like to share them on my channel but Uh here's an ethusd chart what Matt what Do you D sharing an eth chart incredible Crypto had something to say here and It's not his post although he sh an eth Chart it's actually not all about that
So he uh wrote The Following just this Afternoon just uh 3:29 p.m. central Time As we approach ETF week we can expect Some serious Volatility around Bitcoin with alts at The mercy of its movements for eth Something like this seems most plausible And should coincide with the local Breakdown on eth's BTC mentioned in my Post below it would make sense for Bitcoin to break local highs following ETF approval while alts led by eth leg a Bit and then ultimately follow Bitcoin Up so you know it's it's been kind of a Sleepy weekend in terms of volatility Nothing particularly crazy just regular Sideways action but this is one of those Rare moments when we know with about 100% certainty whether that's going to Be one two or 3 days from now that we Are going to see Crazy fireworks we don't always know That but this is one of those in I Believe anyway this is one of those Instances where we know news is going to Be coming and it's it's of critical Importance this is what everybody's Laser focused on like we know this and Usually in the news doesn't matter it's More like stuff happens in terms of Price action because humans are just Being silly with their net worth you Know pretty much uh and then whatever's Happening the moment oh well it must be
Because of that that's that's the reason Then this is what's happening in the News so that must be it and it's almost Never the case but here it's one of Those rare exceptions where no this is Going to be it this is absolutely going To be It um oh and then there's also this this Kind of made me laugh xrp surges with Whopping $300 million market cap boost So check this out in a stunning turn of Events the market capitalization of Renowned cryptocurrency xrp witnessed an Impressive surge gaining more than $300 Million at the commencement of Sunday's Crypto Market session according to data From coin market cap this surge unfolded In tandem with a 1% increase in xrp's Price pushing it to 57.3 per token and elevating the token's Market capitalization to over $31 Billion oh my however the Euphoria this Is the part I wanted to share this made Me laugh this sentence however the Euphoria was shortlived as the market Experienced what is commonly referred to As a roundtrip what goes up must come Down I for some reason that one just Made me laugh I was like yep and I just Like this just plays into that idea that Some xrp holders have the most negative And sad ones like see it just oh my God It just woke go so we'll see um you know We'll see what happens here uh here's
What chart analyst blunts had to say Very popular analyst out there this is The Bitcoin price chart he wrote The Following the big week is coming up Bitcoin traded sideways all weakened in Anticipation for this week's news and I'll pause note he posted this at 1:48 Pm. today central time then he says my Bias for Bitcoin is something like this Where we Spike up on E F announcement News then start a deeper pullback that Sweeps range lows so folks even though I'm not a chy and I just don't ever want To be one because I just don't have Sufficient interest in that type of Stuff I will say uh that is the type of Thing that I'm talking about that's my Four fun guess again happen to be wrong But my suspicion is you you are going to See Bitcoin rock it up in price in very Short order maybe if we're lucky the Entire Market moves roughly in tandem That would be neat but it's I'm guessing It's going to be a day where when this News breaks it's it's going to be a Bitcoin day okay and fair enough Uh but I'm still guessing you're going To see a pullback here and he seems to Think that's the case and and he's he's A chart analyst again I'm not pretending To be one I it's just the reason I I I Feel fairly strongly on this particular Topic it's just because these types of Things historically they are sell the
News events I don't know why I should Think it's more probable to see Something different and even the people That make arguments about the amount of Volume that's going to come in once Trading opens up on this I'm like yeah I Get the V like I agree on that but it Doesn't all happen on day one or day two Or 3 let this thing play out over a span Of years that's all I'm saying um and uh And so then he says so while Bitcoin Makes fresh highs judging by altcoin Price action over the weekend I think a Few will make fresh highs as well but Also quite a few will end up being lower Highs and won't make fresh highs Naturally though I'm just guessing like The rest of you stay safe this week and I say fair enough we're all just Guessing we'll see what happens here uh But either way obviously as time passes More money flows and price go up that's Why like I always say it's time in the Market not time in the market du uh Here's a bitcoin price chart shared by Chart analy gar crypto and he said Bitcoin aiming to surpass the critical Make It or Break It line in this week's Candle if successful it could Mark the First full bodied close above it with 4 Days remaining we eagly eagerly observe The candle shape and position a rising Bitcoin will attract significant capital Inflow into the alts amplifying the
Potential for substantial Gains and um so um that was from June 28th and I just wanted to highlight that Because he was anticipating $47,000 by the end of 2023 and honestly That's pretty damn close only slightly Off we're splitting hairs here so I Thought I'd just that's why I thought I'd wrap up the video by sharing that Because as I shared a video yesterday I Just if he is anywhere as near you're Correct regarding uh xrp's relatively Short to midterm future we going to see Some fireworks on despite what the the The Krabby holders are spouting on on The ENT webs right uh but there I don't Need to read this I covered this Yesterday but I just wanted to mention This is what I was talking about Egra Crypto talking about an xrp 500% move Just to kind of kick off the party here So getting back to whether it's two 250 Bucks $250 or or three bucks getting up In that range and then that's when the Real party starts perhaps so again I Hope that this is uh as as precise Anywhere near it as what he was Expecting uh for Bitcoin because that Was pretty darn close to be honest with You though and so you know again you Don't need to be some sort of financial Guru or some sort of chy to understand That having brought exposure to the Asset class for a prolonged period of
Time it just works it just does the Asset class is just going to get bigger And bigger and it seems very clear to me That not only has xrp been a crucial Part of this for over a decade now but It's going to continue to be a crucial Part of the crypto asset class so I'm Happy to have a gigantic percentage of My crypto in xrp and then I just sit Here and I wait it's that simple I don't Get crabby I'm not I've been holding Over six years I swear my life I am not The least B impatient I'm having a blast Hanging out in the space with all of you It's a crazy ride it's been a more crazy Ride than I ever could have imagined Sometimes for good sometimes not so much For good SC kimjong guinsler assat Pricks but we're here nonetheless right Smile everything's good 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
