This is DISGUSTING for Crypto.

in this video we have to talk about

three things one something the canadian

government is doing that's ridiculous

regarding crypto two we're going to talk

about the us government regarding crypto

and then at the end of the video we'll

talk about my thoughts on where crypto

is heading this video is brought to you

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expiring tonight and the price will be

going up well folks the case for moving

your crypto to private wallets continues

to get made by governments and exchanges

almost every single day and it's getting

even more ugly take a look at this

apparently a letter or email that a

coinbase customer received here based on

this particular tweet here i've not been

able to verify this this uh email

but

what it is is it says that starting

april 4th coinbase will introduce some

changes required by canadian regulations

keep in mind this is something that

justin trudeau alluded to that they

would be cracking down on cryptocurrency

transactions more so

and specifically they say here when you

send crypto to another financial entity

or money services business business such

as another crypto exchange the tren and

the transaction is more than a thousand

cad canadian dollars we're legally

required to ask you for information

about the recipient of the transaction

their name and address now so far it

seems like this is just limited to

financial entities exchanges you know

bank style non-banks basically but what

concerns me here is wait a minute

this seems like a step in the direction

of hey

every time you send money now we want

you to identify to whom you're sending

the money

it seems like it's a step in every time

you send money to even other people

privately to other you know people in

other countries to family members to

whatever

we're going to start putting the onus

apparently or governments will i

shouldn't say we i don't want to be

lumped in with government governments

are going to start putting the onus on

individuals to expose the other person's

information this is an ugly direction

and in my opinion this is an ugly style

rule i mean just to show you that our

government is freaking out over the idea

even of cryptocurrencies take a look at

this bill that was introduced by the

senate it's called the accountability

for cryptocurrency and el salvador act

and basically what they're saying is

they want the united states federal

departments and government to do a

complete audit of everything that el

salvador is doing with their

cryptocurrency are they actually

effectively mitigating financial

integrity risks or cyber security risks

what's the impact on people and unbanked

populations is is el salvador even a

stable economy now because they're using

cryptocurrency they got the same kind of

crap by the way from the international

monetary fund they were looking to get

financing from the imf and the imf said

yeah no you know what we're now denying

your application because y'all are using

crypto that's high up central

governments they're afraid they're

afraid i'm just worried about what we

just saw in canada it's going to get

taken a step too far and we're going to

end up seeing more of this

ridiculousness in the crypto space okay

folks now let's do a little bit of ta so

you might already know but i'm all in on

cardano i've got a basis of about 93 94

cents in cardano i've got about 800 000

into cardano right now

sitting in about a buck 10 right now but

i like watching btc as well as sort of a

broader market indicator and i want to

see where some of these levels are so

first of all we're just now finally

above the 23.6 retracement trying to get

back up to some of those high levels

again but we're really seeing struggle

getting risk assets above the 38

fibonacci line and this is my opinion

why we're seeing somewhat of a rejection

before we even get we're getting this

front running before we even get past 45

000 because the 38 2 retracement is

sitting at about 46 821 here and so we

can't even make it there now i know that

i've got a lot of lines drawn on here

because quite frankly we spend a lot of

time in channels like this but right now

in my opinion this is really the area

that we're running i do think next stop

we've got to get above 30 or 45 7 and

then we got to sit on this 38 2

fibonacci if we get rejected off of this

38 2 right here

we might end up coming back down to that

48 region and we could spend some time

bouncing around in here until we see

uncertainties resolve themselves around

inflation ukraine the potential for a

federal reserve drug pull i would expect

that we're going to be a little bit

range bound within this region right

here anywhere between the range of 42 to

46 8. i don't necessarily think we're

going to go back to some of these lows

that we've seen over here like the 37

levels

but i do think we're going to be range

bound in here for the time being at

least until some uncertainties remove

themselves i do think that larger fears

are gone

and that that actually makes staking

opportunities now

more desirable to me

so potentially staking my cardano or

ethereum or whatever now and locking

that up then then here when we were more

worried about the potential collapse of

of uh economies by a larger recession i

think those fears have substantially

subsided though we still have fears of

recession uh certainly because of

elevated inflation but uh once we start

clearing some of the bad news and we

don't get any more good news or i'm

sorry any more bad news right to add to

this i do believe we're going to get

into this trading range again where we

trade between 38 2 and 61.8 and only

once a war goes away do i think that

we'll be able to get back towards the

direction of all-time highs probably

trading somewhere between 61.8

and uh and and uh 78.6 that would be a

range of between 55k and 61k

i do think for us to get to all-time

highs we're gonna have to see inflation

go down and war go away so i don't see

70 000

plus on btc probably until at least the

end of the year unless of course

inflation starts going in the direction

that we think it will which is

eventually down or at least the way that

we hope it will because right now it's

just going up uh especially food and

commodities oil you name it uh and then

of course uh we'll have these these

broader war-related uncertainties that

will keep bitcoin compressed for the

time being