Hello, everybody welcome back for another video hope, you're all doing well and that you were all having a great day to start things off. Bitcoins price has soared above 10000 US dollars on cryptocurrency exchanges. For the first time in the last 15 months, the price hopped the 10000 barrier at 735 p.m. eastern time at the moment, even this is already outdated. For those who do not know are not looking at the screen or have something else to do or have not really paying attention. Bitcoin is currently sitting at sin: 10000, 10000, 10000, seven hundred and sixty eight US dollars give or take depending on which cryptocurrency exchange or price metric that you are looking at. There are a lot of people who are coming forward and talking about Bitcoin price predictions. As is to be expected, a lot of people were expecting bitcoins price to go over ten thousand dollars. Sometime this weekend, low and behold, we have already far out surpassed that a lot of people think that what's happening right now is that we could be in the midst of an event where Bitcoin is going to try and hit 11000. There may be some resistance. A lot of people think that the main barrier of resistance was the 10000 level, which is why we are currently almost up 800 dollars above that which is absolutely insane currently up. Ten point: seven: five percent from even just above the ten thousand dollar level. Yesterday, bitcoins price, oh gosh, it was like nine thousand nine hundred and seventy eight and it was driving me completely insane that it just wouldn't go up that extra thirty dollars just to kind of jump over the line.
And lo and behold we have definitely done so. This article says Bitcoin is about to pump eighty seven percent. Where will it slow down so depending on where you look depending on who you get your information from be main idea? If, first of all, those other people who kept on talking about that, Bitcoin was going back down to twelve hundred twenty two hundred and three thousand here, almost nothing from them anymore. I wonder why really weird right. The general sentiment right now is is that once we had passed the ten thousand dollar mark, this would kind of be the big moment for everything to kind of start surging. So the numbers are looking kind of interesting right now. A lot of people think that we are going to try and hit 11000 if we can pass by 11000 and 11000. I think people are saying: 11500. 11600 might be the strong levels of resistance if we can pass by those, and obviously we have the 12 13 14 15. Apparently, 15 is also another really major one, but the number that everyone, besides the 10000 number, which we have finally passed by, thank goodness, is the 20000 number, as we get closer to that. This is when we kind of get that real mainstream kind of hype and stuff going on I'm, pretty sure you've noticed I've definitely noticed on normal television CNBC, all those other letters and stuff like that, especially when you watch videos about them on YouTube.
If they're talking about Bitcoin and crypto currencies, the pessimism seems to have gone away, it's more so now, okay, we have passed by this number we're. Definitely gon na hit this number and they have all these analysts on talking about exactly what the price is going to go and is no longer this uh I'm. So glad that we don't hear about the old days of crypto currencies anymore, because before the issue that we had in the Bitcoin and crypto currency space was that every single time that Bitcoin shot up in price, it was always something on the news about. Well, you know this is associated with Silk Road and this is associated with the drug, so we've definitely got past. This whole Bitcoin is for criminals things, especially since we've started, seeing a slew of what's the word laws and regulations around the cryptocurrency space. I think one of the more interesting ones right now is that a lot of people are saying that, depending on where you kind of want to look or how far you think this is going to go, that the 100000 Bitcoin has apparently in play and that we May reach it either sometime this year or sometime at the beginning of next year. Why? You might ask I mentioned this before in another video. The most important thing that we needed, or that we wanted to pass by as a Bitcoin price, was anything over 10000 10000. Is that huge psychological level there's a reason why we went 10000 and 1 and shot up almost 800 dollars of directly after that is because people around the world for some reason needed that five digit number it started to form.
I went to the market on top of that as well. If you've been paying attention because I'm pretty sure, I definitely have fidelity New York Stock Exchange, NASDAQ TD, Ameritrade and what's, the other one, none of these things have officially launched all the major big names are expected to launch either the end of this month or sometime In July, like the people from back said, I think their date is the 22nd of July, or something like that, so keep in mind that Bitcoin has passed at least at the moment, I'll be making this video the 10000 barrier. This is what we needed. This is what we needed to get more into the news to cause more people around the world to say: hey. I remember that I wanted to buy. Some looks like the prices going up. Let me buy some of it, and this is gon na happen. Millions and tens of millions of times around the world, even amongst these, are just two people who aren't into cryptocurrency right now, they're going to start buying and more people who, already into the cryptocurrency space, are going to continue buying as well there's. A huge initiative happening around the world right now look into it. Some people call it stacking SATs. It sounds a little weird to me. It comes down to stacking satoshis buying as many satoshis as you possibly can, while it may not be economically viable for someone to buy an entire Bitcoin, a lot of people are simply starting to buy as many Satoshi's as they possibly can with the money that they Do currently have liquidly available that they don't need for other important things ie if you're gon na start buying it's a Bitcoin and stuff like that don't FOMO into the market simply put what you can't afford to lose.
The idea is that, eventually, when we end up, I mean it's been widely speculated that at some point in the next two years we are going to this is, you know, is what the analysts say and we are going to pass over a quarter of a million Dollar: half a million dollar and then a million dollar Bitcoin, and at that point people will only be counting things in Satoshi. So the idea is to gather up as many Satoshi's as humanly possible. I think that the way that the movement of the market has been going, a lot of people are saying – and I kind of believe this, because I think that people get afraid of what they should not be afraid of. I think that bitcoin is going to continue moving upward for at least a little bit. There may be some pullback don't expect like a 90 percent pullback that, I think, is completely out of the cards at this point. I'M. Expecting I sent. I have my own idea of where I think it's going to go, but more conservatively I'm, assuming anywhere between the thirty to fifty thousand, maybe even sixty thousand dollar Bitcoin by the end of this year it seems like once we get the major names once we get All the proper regulation in place this may then be the catalyst for that eventual six figure Bitcoin anyway yeah. We finally did it. It was a a long time coming for those of you who have lasted during the entirety of the bear market.
Give yourself a little golf: clap I'm clapping with one hand you can't, really see that anyway, yeah let's, move on also in the news. Aetherium has finally once again crossed the 300 US dollar mark the price of aetherium dative cryptocurrency ether. The past three hundred dollars a day to hit 10 month highs the world's second largest cryptocurrency by market cap, climbed above the psychological hurdle and 100 a.m. UTC, and extend the further gain to three hundred and six dollars a level last seen August 19th. 2018. So I think this is the right here, there's a lot of stuff happening with etherium and it's very fascinating cuz. I think he theorem has kind of more or less come into its own as what exactly it's going to be used for, and I think it's starting to finally show that this is all going to be a thing. If I can kind of say that the promise of etherium 2.0 is bliss for ether holders as cloud flare and there we go cloud, yeah cloud flare positions itself, prices are rallying week to date. Aetherium is up thirteen point, one percent and could last above 300 yep. It already did so there we go the path for a better Ethier amazon and eath investors stand to reap huge benefits. Trading below 300 Vitalik is brimming with confidence. It all has to do with the recent update of phase zero of the beacon chain comprised of sharding and the shift to proof of stake.
Aetherium will be faster, scalable and distinctively energy efficient. However, the overarching goal is to cement it's possible it's possible. Okay, as a preferred smart contract platform, which I already think it kind of has, regardless of the price going down in 2018 mm yeah we're yeah, we 2019 now a lot of people. Never really I don't even really say: didn't really lose faith. There was a huge period over 2018 of where there was just tons of negative news against the etherium, but I kept on saying it's kind of where that there's so much negative news. When we had news about all these other countries and institutions and banks and stuff like that building on top of the there iam blockchain, where is the really important part financing project scalable secure decentralized network? The next wave could see II through register new high it's beneficial for enterprises. Etherium will be vital infrastructure not to forego an opportunity. Cloudflare is launching an etherium gateway, said it's, another tool and cloud flares distributed. Web gateway toolset through a blog post. The web secure a firm said, and I do quote we are excited to announce CloudFlare, Z, theory on gateway, where you can interact with the etherium network without installing any additional software on your computer. End quote: this is so typically every other day we've had some type of news of some major entity, who's thinking about building on top of aetherium. I I assume that they probably had interest in doing so since around early to mid 2018, when we had that dry spell where no one was really releasing any type of major interesting type of news.
So I assume this is why they're kind of doing everything right now very big, the main glue, that's gon na kind of hold all of this together, it's kind of like cookie crumbs that spread all over the place. I mean I wouldn't expect you to have cookies with glue anyway, we kind of get what I'm saying is that when we get final proof of when the update for Ethier iam 2.0 is going to happen, or even for concrete for know, just just for it to Happen when that finally takes shape and form a lot of people once again are expecting aetherium to hit anywhere from four to ten thousand dollars. These are the numbers that we're getting for 2020. I think aetherium, I think, the wider cryptocurrency market, if we end up having a major push like a huge jump towards 20000. I think the wider cryptocurrency market is also going to benefit from this. I think in I don't think many other coins will be performing as well as Bitcoin I'll. Tell you exactly why in a couple of minutes, but I think eutherian is going to do extremely well. If aetherium does hit 10000 next year, I don't even know what I would think about doing it. It'S been such a long hurdle and like a long struggle for this thing to kind of get up and running and yeah let's move on. Here we go the governor of the Reserve Bank of Australia.
His name is Philip Lowe cautions that Facebook's announced the virtual currency, known as the Libra may not attain mainstream usage in the near future. According to a report by Bloomberg on the 20th of June, the report quotes Lowe as follows. Regarding Libra, he said, and I do quote there's a lot of water under the bridge before Facebook's proposal becomes something we're using all the time. There are a lot of regulatory issues that need to be addressed and they've got to make sure there's a solid business case. We'Ve got to be careful before we jump to conclusions, in quote. Lowe reportedly also criticized the top cryptocurrency by market cap Bitcoin in 2017. The RBA governor is said to have complained that arose to prominence due to a speculative mania and further conjecture that criminals were likely more drawn to it. Then customers, Libra and Bitcoin aside, Lowe reportedly, does not think cryptocurrency is viable for Australia due due to purportedly utility of its pre existing and electronic payment system. He said I have long thought that a kind of cryptocurrency would not take off a girl, Australia, because we are already there we go. We already have a very, very efficient electronic payment system that allows any one of us to make bank payments to another person in five seconds, just knowing their mobile phone number. So the takeaway here is from the Libra thing, because there's more Libra news and Libra is I'll, tell you what's happening with Libra and in in a little bit here's another really good one.
On Wednesday, the Federal Reserve Jerome Powell was asked about his latest thoughts on Bitcoin crypto assets and Libra once again, true to his nature as an integral piece of traditional finance, the chairman of one of the world's, most powerful institutions and didn't express fear. In fact, echoing a quip he made in 2018, he claimed that cryptocurrencies even Libra aren't big enough to pose a threat to Wall Street. Yet Powell, even lauded this budding sector expressing that there is innovation in blockchain and digital assets that should be looked at. While Powell seems to not be concerned about Bitcoin and its ilk, one prominent investor claims that Bitcoin is rapidly moving towards becoming an alternative and hedge to the US dollar and other fiat money's. That is once again, I mentioned this, I think, on Wednesday or Tuesday. If you have not been paying attention to what's been happening around the world, especially for financial news, people are buying up Bitcoin as a hedge against the US dollar, because it's widely believed that between Libra between all the other stuff that we have going on around the World that people are trying to find an alternative to the US dollar, especially you don't hear too much about this. I can remember exactly what the initiative was called. It was something that came out three three four five years ago. It was the Great Britain, the Great Britain Wow. It was Great Britain, Germany mmm, like five other countries, it was China so, and so you can maybe find the information for it.
They kind of came together to try and create a consortium that would kind of go around. There circumvent the US dollar, and this has continued to happen. I think that initiative may have not done as well as they thought that it was going to do, but there are constantly initiatives like this around the world, where people are constantly being sanctioned for things. That, first of all, sanctions are completely a very weird idea and for those of you who don't remember, I believe it was earlier this year or maybe even the very tip of the end of last year. Someone in the US was talking about sanctioning Germany, because some of something that one of their ministers had said, or something like that and it's kind of like this really weird thing floating around everyone's heads for months now, Travis Kling, a former portfolio manager at fund giant Point 72 has been abs, harrowed about the fiscal strategies enlisted by the Federal Reserve and his counterparts across the globe Kling, who now runs permanent crypto fund. He guy okay, has bought his rhetoric to every outlet from Anthony pump, Liana's off the chain to see and n. The Bitcoin Bo believes that the current quantitative, easing reasoning, easing period is one of the most irresponsible and largest monetary policy experiments in human history, citing the fact that this policy has propped up on Antrim markets across the globe. That is I'm totally fine. With that, the more money that governments print the better it is for crypto currencies, because we have these metrics.
We know exactly how much they're printing, we know exactly the amount of inflation that's actually taking place around the world. So I don't have a real problem of that. I I love when people from the Federal Reserve or any major world financial Federal, centralized anything Bank when they talk about Bitcoin when they say that Bitcoin does not pose a threat to them or even when they just kind of really kind of brush it to the Side and say no, no things are fine, because we know that things aren't fine. We know that things are crumbling rapidly around the world, especially when you see the the metrics and the prices. It would be. One thing: if we didn't have the internet – and we heard from these leaders and they're like everything's fine and were like okay, let's trust them cuz. They know what's going on, but the fact that we are able to see the charts about the cryptocurrency spikes around the world, how many more people are buying Bitcoin? How many protests and stuff are happening around the world and during these protests, that people are buying more cryptocurrency buying more Bitcoin, all the other news that we've had from the major financial players who were also buying Bitcoin, that these speculation, that banks and other governments around The world are possibly also buying Bitcoin, because it's, probably more likely that major governments are probably also starting to think about as well I'm starting to accumulate Bitcoin themselves.
So I have always felt for a while that at least maybe for the last year. I think they understand where it's going, but you can't create a public frenzy. Can you imagine what would happen to the world's financial? Like think of it, this way? Think of what would happen to the world's financial system, if you had the central bank of the UK, Germany, France, the United States, Canada, Japan and South Korea all announced ya bitcoins, a problem for us bitcoin is bitcoins gon na become too strong and and we're scared Of it hitting a million dollars because it's gon na people just gon na start using bitcoin, do you know how many people around the world will to freak out and sell everything they own? Probably myself, included and push it into Bitcoin as fast as humanly possible. So they say things like this because they can't say anything otherwise. I know that they're aware and are probably allegedly probably are scared of Bitcoin I mean especially with Libra, as well, with the whole talk of Libra trying to become the the world's largest central bank. Why do you think all these major banks and stuff like that, like two days after they announced that this thing was coming out, that they all decided to just start talking about Facebook? They know exactly what's what's, planned in what's, coming on top of the the the discussion of them printing as much money as possible for those who have never seen this it's the world debt clock trillions of dollars that are owed to other countries.
That is never ever ever ever ever ever ever going to get paid back the higher. This number goes, the better it gets for Bitcoin another crypto currencies, because there are some economists who believe that there may be a point where people start what's. The word I like countries asking for their money back. Nobody knows if that's gon na happen, but there have been other times before when countries have not been too nice with each other, where they have demanded that their debt be paid back, and at the moment the US has trillions hundred thousand million billion to hunt gosh. Twenty two trillion dollars owed in national debt, yeah insane insane insane let's move on here's a really good one. Facebook might not launch its virtual currency named Libra in India due to restrictions on the usage of digital currency within the country. The social networking giant has not approached the Reserve Bank of India or the RBI for permission to launch the currency in the Indian market. Ibi has barred cryptocurrency in India, citing reasons such as growing threats to the economy I'm glad they know that all good for them with increase in fraudulent activities, money laundering and tax evasion, adding legal understanding to RBI's restrictions on crypto currencies. Experts have said there. We go that a forceful introduction of crypto in the Indian market will lead to the multiple penalties: multiple penalties on Facebook under Section 79 of the Indian IT Act. Facebook is obligated to take all due care and ensuring its network or platform is not used for illegal activities like dealing in crypto kirtan wow.
I thought I was gon na say. Drugs illegal activity is like dealing and cryptocurrencies in India. Wow that's ridiculous, section 79 would apply for Facebook, even though it is based out of India. Section 75 of the IT Act also gives extraterritorial jurisdiction to the law managing partner at tech, ledges advocates and solicitors. According to the economic times as per legal permits, only peer to peer transactions of Bitcoin are allowed because they can't stop it. Facebook'S crypto is not designed to be a closed system and is meant for transactions in the external economy, which concerns the Reserve Bank of India for those who are keeping track. That is the u.s., I believe, that's Canada, that is all of Europe, India and, I believe, also Russia, oh and Australia, who have all backlashed I've, said negative things about Libre and Facebook and its crypto, because they understand exactly where this is going and what Facebook is Trying to do – and the most interesting part to note, is that they have all stated nearly every single country, those who are against. It have said that Facebook has not sat with them or even asked them for permission, which is crazy to launch their own stable coin currency thing that they're trying to do so. What it's looking like? According to analyst, and according to other people who are aware of the laws in multiple countries, what they're saying is that what could end up happening is is that Facebook's cryptocurrency could potentially be allowed in these countries.
However, it would only be allowed within that country, meaning that money could never pass through borders. It would only be allowed to be sent amongst people who are within their own country, which defeats the purpose of them launching their own cryptocurrency, because it's meant to be borderless and also worldwide. A lot of people are also thinking that um this currency may never actually be released. There'S far too much of a backlash. It was widely thought that when Facebook did launch their cryptocurrency that India would be the first place, we had news about this for at least three months, when we first had news that Facebook was launching their own cryptocurrency, it was believed that India would be the first Launch off point stepping off point jump off point. It would be the first spot where they kind of launched this. Apparently that may not happen, so we are still in the dark. As far as what the Reserve Bank of India is saying about crypto currencies with in India, we know nothing, there's been no real news outside of India as to exactly what is legal what's, not illegal bla, bla, bla bla. So I don't want to get too excited and say that it's not going to happen I'm, pretty sure that Facebook has enough money to kind of throw at people and say no we're gon na launch this. But I think a lot of the restrictions are definitely going to be there. It is not going to be as widespread as I think.
Other people thought that it was going to be this far too much of a risk. You kind of want to say that for governments and banks to not only have Bitcoin on their backs but to also have a plan. I think Facebook has two point: 1 billion or 2.4 billion. I always don't really care about the number, but I know it's over two billion people across all their platforms, then becoming the largest central bank in the entire world in a matter of months is not something that governments want. So even Facebook coin has been amazing, because not only has it taken away more focus from Bitcoin, so that Bitcoin can just continue to develop and governments really don't really care about it as much anymore. But if Facebook's currency does launch, like I mentioned before, we're going to be able to see the actual devaluation of it in accordance with bitcoins price as time ends up going on it's, just it's it's only win win for us, it's it's, just really weird it's. The same exact thing that we heard from the guy from from ripple yesterday, Brad Garlin. How is he was like yeah I want to? I want to give them a box of champagne. He said they've been they've been onboarding, so many new customers since Facebook announced this. Because life I mean my goodness it's just so freaking exciting it's got to finish things off a new development and the climb in the right lawsuit was announced today as part of the plaintiffs representation disclosed.
That right has not complied with a courts directive to list his Bitcoin holdings prior to December 31st, 2013. For those who do not understand exactly what that's talking about the ADI, the head of Satoshi's vision has claimed that he is in fact Satoshi Nakamoto and that he did create Bitcoin a couple of months ago. There is or was, or is, still ongoing, a lawsuit between the the Klieman family versus Craig right, because the climate family says that Craig Wright stole 1.1 million Bitcoin from them, which Craig Wright says nope. I never did I'm a possession of them. They are my Bitcoin on Monday, that is to say a couple of days ago. A judge in Florida told Craig Wright. You have to come forward with the proof and documentation in person. If the stand in front of me in court and tell me and show me exactly that, you hold 1 point 1 million Bitcoin and apparently he did not do it. Hey showcase hearing will follow next week in white. Maybe ordered white right, maybe ordered in contempt of court at either the civil or criminal level. Viele Freedman of boys, Shiller Flexner LLP, the firm representing plaintiff Eric Lyman tweeted, Craig Wright hasn't, complied with the court order to list his Bitcoin as of the 12th. Rather the 31st of December of 2013, he remains under in order to show case why J Reinhart should an issue sanctions under our 0.37 and order him to appear before J bloom to explain why he shouldn't be held in contempt.
Florida judge, Bruce Reinhart had ordered Craig Wright, who claims to have invented Bitcoin software to disclose his Bitcoin addresses an ongoing lawsuit filed by the estate of the reformer business partner, David climate, without going any further. I mentioned this on what was it last Saturday I said. Ah, mr. Craig Wright, who says he is Satoshi Nakamoto many times over the years most of multiple times was ordered by a judge to appear before the judge on Monday couple of days ago, to show proof that he was indeed Satoshi Nakamoto and he has not done So so we'll get probably part 15 of this story sometime next week, because I mean yeah I'm. I I could go on for hours about this, but for the sake of my own sanity, let's move on as always an enormous ly special Giganta miss. Thank you to my patreon supporters, auspicious agile and blockchain professor Wally from gun bought University. My keto kitchen adobo Krypton beer, shipmate, Brady, Milt, L, Doug Jared Snider, wise Nite, Owl Krypto, Joe mohair Maroney Carl Burton off singer songwriter Mike Savitz, Rai, Rai, Yasha, Harada, amy, starr, sheen, jeffrey ramsey, clarity, snowden crypto, artists called between Ian Nicholas one earth. One piece: one: love setsuna: Nick Kanaya, Richie, Rich, the third RF dusty Cody, vlad the impaler taxes, Tom and Sam, are losers. Haha Jeremy, the photographer Jim Gardner minting coins Arthur yongku Nick among Gela, vodiane theny, Charles in Mecca Nick. Thank you all very much for your support at the moment for those who are not looking at the screen.
Bitcoin is currently at ten thousand seven hundred and twenty five US dollars across the board. Many other major alt coins are on the up, and up ether is currently up by seven point. 1 2 x RP is up by 3.4 litecoin 2.4 percent EOS 2.7 by Nance coin is up 4.7. If you are not looking at the screen for those of you who are, you may notice that there is red on the screen and it is the Satoshi price of every single crypto currency in accordance with the Satoshi price they're all going down, because bitcoin is showing Once again, its dominance across the wider cryptocurrency space, while the USD price of all these coins may be going up in accordance with Bitcoin or in collaboration participation, no just against the Satoshi price, none of those rows right. Everything else is going down. This is something that analysts had spoken about for quite a long amount of time. There were many other prominent heads of the cryptocurrency space who said that this was going to happen and because it was going to be the beginning of Bitcoin solidifying itself as a store of value worldwide currency that the Satoshi price amongst all the coins would be going Down isn't it interesting lumens is down 6.7 Satoshi wise cardano's, 7.7 Tron, 5.3 leo token, 10.1. 7. In accordance with these Toshi price, oh yeah they're, all down tens. Oh sit down 14 Bitcoin is this? May be it? No one knows no one know what's happening in the wider cryptocurrency space, but it appears that this may be the moment that we've have all been waiting for for Bitcoin to finally start moving, and this is before once again.
This is all just in anticipation of, or rather this is worldwide economic events taking shape, which are just terrible. This is all the protests and madness that we have going around the world. This is the hyperinflation that we see going on around many countries. This is the restriction of Bitcoin and other cryptocurrencies and many other countries by world economic powers, which doesn't really make a lot of sense, because you can still buy and sell Bitcoin through other apps and apps and maps and slaps all these other things. However, people kind of want to – and even more so this is all before we are still about a good year away from the Bitcoin reward getting cut in half and that's, where we get those magical, 100, thousands to 250000 Bitcoin prices. I hope you all enjoyed. I hope you all are having a great day a great morning a great afternoon a great evening wherever you are wherever you might be, I hope it's absolutely fantastic. Thank you all once again, we're watching and or listening great times ahead. Oh, my gosh waves is down by 11.5 and is down by 20 next to the Satoshi Price, uh yeah, so once again look into the entire stacking satoshis movement or stacking sacks as it's being called on twitter it's quite interesting. I and many other people believe that we will eventually get to a point where things are only going to be denominated in Satoshi's, especially in the cryptocurrency space.
So if you are into crypto currencies, I'd behoove you or it behooves you or we are behaving. You too do your own research. I don't know if anyone got that English joke anyway, to do your own research as always, and to look into the possibility of maybe owning some Bitcoin, because bitcoin is probably going to continue to do well, even if we do have a dip in price, it is Probably at some point going to continue going up, I want to make sure that everyone out there makes money and yeah I'll talk to y'all, soon see you you