Mark this DATE for Crypto | 3 Massive Catalysts.

hey everyone we kevin here we've got

three big catalysts coming up for

cryptocurrency and in this video we're

going to break those down

and you're going to want to write down

these three catalysts and dates so be

prepared

get a pen and paper or your notepad on

your phone ready because these are big

ones

let's get into it number one has to do

with a grayscale bitcoin trust

now if you don't know what this is

here's a simple way to think of the

grayscale bitcoin trust and i'm

way oversimplifying here okay let's say

somebody said

that you could buy a stock and that

company that you bought

shares in that stock owned one hundred

thousand dollars worth of

bitcoin but it was selling for a hundred

forty thousand dollars

a forty percent premium why would

anybody buy that

why would anybody possibly buy or use

that company

to buy bitcoin right doesn't make sense

it actually does

because cryptocurrencies are technically

not securities

exchange traded funds like kathy woods

arc invest

cannot invest directly in

cryptocurrencies so they have to invest

in a rapper

like the grayscale bitcoin trust so they

pay

to get into companies like the grayscale

bitcoin trust so institutional money

goes in

and a lot of institutional money went in

towards the

end of 2020 and the beginning half of

2021

and surprise surprise as the grayscale

bitcoin trust got more and more inflows

of money

the price of crypto kept going up up up

and up

now i don't want to directly associate

the price of bitcoin

solely with the grayscale bitcoin trust

but the grayscale bitcoin trust has a

lot of money and has

a lot of potential for swaying bitcoin

prices in one way or another way

and so what's fascinating about the

grayscale bitcoin trust

is they absorbed a lot of crypto going

up

all the way through february of 2021

then they stopped

buying as much bitcoin in fact they

started having their

lock-ups come up which generally people

who invest in the grayscale bitcoin

trust

have to keep their funds invested for

about six months

and some say that when lockups come up

for expiration at the grayscale bitcoin

trust we could see

downward pressure on bitcoin's price

we know that bitcoin has traded down

since

about the middle of may and the middle

of april middle of april is right around

where we had the coin base ipo and

that's kind of when we had peak

crypto pricing and then our next peak

was right around the middle of may

in fact we could easily see that by

hopping over to our favorite

which is weeble right here we could

easily see

our double peak by looking right here at

may 12th

13th and 14th at peak number one and

then

may uh i'm sorry this is april 12th 13th

and 14th and then may 12th as

our next peak over here and so these are

clearly the the double peaks that we see

here

on the downward trend i do realize that

march had a little bit of a higher but

we were still growing here

this was the beginning of our downward

trend and these were our two downward

trend peaks here right around again

uh april 13th and may 13th which what's

really interesting about this is if we

pop

open a grayscale bitcoin trust unlock

chart and we see these blue lines that

show how much

bitcoin is coming up for availability or

how much

how many shares in the grayscale bitcoin

trust are coming up for availability

we see a massive amount of availability

between

surprise surprise the middle of april

and the middle of june which is when

we've had a lot of downward pressure on

crypto pricing

and we've kind of had this lull in the

last few weeks here

which again also very interesting

because if you go over here

we could see a lot of pain between the

middle of april and the middle of june

in fact we hit some of our lowest prices

over here

uh towards the end i'm sorry for all the

support lines i've been doing a lot of

drawing here

and the end of june and we've kind of

been in this consolidation phase

over here in the last couple weeks which

also very interesting to note

right here we've kind of had very few

lockups over here

in the first couple weeks of july coming

up

with the last lock-ups here towards the

end of june and then sometimes it can

you know we can have these lock-ups come

and then when people actually sell or

get out can take a few extra days

so some folks are clearly trying to

align i'm not saying this is a

for for sure a hundred percent

correlated with the price of bitcoin but

it can have an impact

certainly had an impact over here low

lockups lots of buying price went up

now we got lots of lockups coming up for

expiration between middle of april

middle to end of june

it's kind of interesting price went down

right kind of makes sense

little bit of a lull ah bitcoin's been

trading sideways it's just

it's not a perfect correlation it's just

something to pay attention to

but folks what's very important to pay

attention to here is the biggest

blue line right here and the date for

this biggest blue line because

whether or not the grayscale bitcoin

trust and these lockups

actually end up pushing bitcoin prices

down doesn't matter

as much in my opinion as trading

psychology does

with that peak blue line which i'm going

to give you the date for in just a

moment

because after all trading psychology is

exactly what i like to teach

for entertainment purposes only of

course in my amazing programs linked

down below on building your wealth

you could use that forty percent of

coupon code through july 22nd

it was a slightly extended okay so let's

talk about that date and why that date

matters

whether or not the grayscale bitcoin

trust actually affects or these lockups

actually affect the price

that date july 18th is what the date is

is being deemed a catalyst date for

bitcoin

so what does that mean what this means

is we might see

bitcoin trend down going up to july

18th and my expectation is if traders

believe that the 18th is a catalyst

event

we could see a lot of volatility around

the 18th 19th and 20th

which could be downward pressure on

crypto

or uh and then ultimately eventually

we'll see upward pressure on crypto

because those lockups are now behind us

and the lockups being behind us could

finally be an

opportunity for crypto to start running

again now no guarantees but it's

something to pay attention to

if july 18th is deemed as a day where we

could see a lot of bitcoin hit the

market for sale

then it's entirely possible we could see

low prices around july 18th

now that date is in the past now it's an

opportunity for crypto prices starts

to start rising again as folks by the

dip and now those lockups are behind us

as you can see

there aren't that many lockups ahead

anymore now what's

very very interesting about the

grayscale bitcoin trust as well is

that just because a lockup comes up for

expiration does not necessarily mean

that people are going to sell their

bitcoin

because when people invest in the

grayscale bitcoin trust specifically

institutions

they may at the same time short bitcoin

which we have seen

short interest in bitcoin at you know

high levels and it's been there have

been increasing levels of bitcoin we've

seen a lot of correlation between

more shorts and lower pricing especially

using binance's data that we can get

access to

since we don't have full transparency

about all of the shorts but

what's really really really interesting

is if we do end up having

people dump out of the grayscale bitcoin

trust

but then they cover their shorts because

they don't have to hedge anymore

their grayscale bitcoin trust position

guess what happens now we actually have

shorts

covering and we actually end up with

buying pressure on btc

which we kind of would expect after this

catalyst date there might be buying

pressure anyway

so in my opinion i really want to pay

attention to

bitcoin pricing and just crypto pricing

in general like ada

or ada however you want to say it

aetherium uh in the days

leading up to the 18th and the days

immediately after

personally i think the easiest thing to

do is just go buy the dip buy that buy

the bit by the dip by the dip

in any kind of dip that we get around

these days because we could

get a nice movement around this catalyst

time frame

not exactly sure in which direction so

i'm just going to take advantage of

whatever opportunity i can

now we've got some more catalysts to

talk about as well but before i get to

the next catalyst

i just want to show you in ethereum we

are also seeing

a bearish wedge pattern and it's just

worth taking a quick peek at it

because this bearish wedge pattern could

get cleared

around this time frame as well and again

it's just something worth paying

attention to

so if we go to the hour chart in

ethereum you're going to see it a little

bit better

uh oh well that's actually already

starting to break that's interesting at

the time i

drew the wedge but when i drew the wedge

we hadn't actually seen this break yet

but i was going to warn of this bearish

wedge that i was starting to see

in ethereum and it looks like we're

starting to actually see that bleed

begin a little bit

so just something to pay attention to

for ethereum okay

now what i want to do is go on to the

next catalyst and these are important as

well and they're going to align here

one has to do with a visa and then i

want to show you something else

so visa visa processed one billion

dollars in credit card payments in

the first half of the year which is

really incredible because that's up

from like zero of last year so from zero

to a billion

that's a lot but the other thing that's

cool is just

that that amount just represents .02

percent

of the five trillion dollars in volume

that visa booked so it's a drop in the

bucket

but 1 billion in crypto payment volume

is still huge

61 of their volume by the way is from

debit cards

okay so but here's what's the crazy

thing visa

is partnering with 50 cryptocurrency

companies including coinbase

so that clients and customers can start

spending and automatically converting

their crypto to fiat

so that merchants don't have to deal

with taking your crypto

so that way if you want to buy my

courses linked down below in crypto

you could check out with a visa style

payment and you could pay in crypto

and i can get dollars now maybe and i

don't know

but i wouldn't mind keeping your crypto

if you want to buy in crypto you're more

than welcome to do that heck i can put

up my meta mask and you can send me

money all you want

there you go there's my meta mask but

the point is

hey this is going to create some serious

conveniences

visa payment processing for us actually

using our cryptocurrency

much more regularly this is very good

i'm excited about this i think this is a

very real catalyst

and personally i think crypto is going

to have a really really good

2022. we've got way too much fun here in

2021 and i expect that to go away

especially as we start smoothing more

things out grayscale bitcoin trust the

china fud

visa payment processing there's so many

good things coming i'm very excited

about crypto

although i'm keeping crypto not not a

massive part of my portfolio

but it is going to have a piece of well

my portfolio

now let's get to the third catalyst that

i want to pay attention to

and this is one that i think everyone

should pay attention to this has to do

with treasuries

now i know people don't necessarily love

hearing about treasuries they can be a

little boring but it's worth taking a

look at this and shout out of course to

bloomberg

for allowing me to share this but take a

look at this this is an

overlay of the last uh well year to date

essentially

of bitcoin in the blue line and then the

chart being the 10-year treasury yield

we've seen a very very clear correlation

between bitcoin

and the 10-year treasury going up

through approximately

may 13th now what's crazy is

we saw bitcoin plummet and then

consolidate

in the last three months here or two

months and

now we're seeing the 10-year play catch

up to bitcoin's fall it's kind of

interesting

i think there are a few conclusions we

can kind of deduce from this

and that's that hey the the further the

10-year treasury goes up

the better it is for bitcoin at least

that's what it was at the beginning of

the year now i'm going to hide myself

here for a moment so you can see this a

little bit better

because you can see that bitcoin fell a

lot faster

than the 10-year treasuries did right

here which is interesting because who

knows

maybe this was an indication that

cryptocurrencies were sort of

anticipating lower inflation which is

being reflected in these

10 years and therefore bitcoin kind of

corrected down

but what i really like to see is that

right now we're seeing a flight to

safety in the stock market

and we're actually seeing a very stable

cryptocurrency pricing set

and what's very very good about that is

if stocks are

fleeing to safety so we have a flight to

safety

in in certain stocks folks are going

okay well maybe value's not the place to

be

so let's go to growth but not highly

valued growth let's go to value growth

stocks like

apple or amazon or amd or google and

those are doing well

great that's awesome let the market go

fly to safety

fine or flee to safety that's fine

that's why we're seeing specs and

momentum have a lot of pain

but the fact that crypto is not falling

with momentum

and spax and potentially other

speculative plays

in my opinion is actually a very good

thing it suggests stability

in bitcoin it suggests hey look maybe

bitcoin had its adjustment

the treasury's doing whatever it wants

to do to catch up to the bitcoin

adjustment

or the treasuries are responding and

totally a different course now

i don't know but the point is we had a

strong correlation between bitcoin and

the treasuries

they temporarily broke apart they're no

longer correlated

however treasuries are catching back up

to bitcoin and maybe they both end up

marrying together again and growing

together again which

could potentially align with what our

expectations are for interest rate

increases

with the federal reserve which would

obviously pump the 10-year treasury

yields up

so bottom line out of all of this

treasury

this treasury talk here this third

catalyst i wouldn't be surprised

to see the 10-year link up with bitcoin

again both of them to rise in the future

which will be very good for both of them

but in addition to that i'm very very

happy that people are not

fleeing to safety and at the same time

we're seeing crypto prices

fall i think that would be bad if crypto

prices were falling just like spax

and other speculative plays are well

then that would imply that bitcoin is

still

that speculative right we're not seeing

that right now

so very good news this means we

literally have three really good

catalysts coming up

july 18th grayscale bitcoin trust we've

got the catalyst of uh

visa visa payment processing we're gonna

probably see more of that from

mastercard and other payment processors

and of course this temporary breakup

with the 10-year

relationship the correlation but a

potential meet-up coming

and bitcoin is stable while it's waiting

and i like that so to me

three big catalysts here if you found

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we'll see in the next video thanks so

much for watching

you