What does that go do to the markets and what does that go? Do with Bitcoin or to Bitcoin? I should say: let's discuss Music good morning. Everyone welcome to today's Bitcoin and cryptocurrency news. I am George. The market is kind of straddling today. Yesterday the stock market had a crazy 2000 point run, which I believe was just artificial, but people were hopeful for this. Two trillion dollar pump that that was just approved. So what is that encompass really? Is it gon na help normal Joe's that's laid off? Is it gon na help small businesses that are struggling? What about the airlines it's gon na help them yeah it has. It has a little bit for everyone, but what work will be enough and what does that do with crypto? Is money gold come into Bitcoin and crypto? Well, let's discuss let's, see what uh let's see let's see if this two trillion dollar will work. So thanks for tuning in make sure you smash up the like, subscribe to channel and let's get started on a crypto front, there's, not that much going on, but there's a few things Bitcoin 6600 earlier today it shot up to 7000 and that's. The point that a lot of people anticipated, because that was a point that is shot up before couldn't – surpass came back down, tried again couldn't couldn't break in and now we have fallen back down a little bit 6600. So now, roughly 2 from yesterday, but overall, where we're zooming out a little bit we're holding in this range here and the good thing is – were double basically almost double from a bottom or 3800 and we've been hovering 5000 now we're, hovering 6000 it's.
Looking like Bitcoin wants to go higher and go back up to 7000 to 8000, 9000, 10000 right, but right now, obviously it's kind of tied to the hips with the stock market. If the stock market goes up, bitcoins has to do better and then, when the stock market comes down, Bitcoin tends to not do better or just hover right. So are we near bottom it's still looking like, we may have hit bottom running at 3100. That are what we're doing what we're seeing now some consolidation up and down this could be where Bitcoin just consolidates for a long time before I start shooting back up again so that's the good news. I guess the bad news is that influx of money that we're waiting for right, the ones that that that would pump up Bitcoin back up to 10000 12000 14000. By having event, that seems to be slipping away as we're moving into April, and that means we're only like a month and a half away from having event. So we have the second half of the year to look forward to and we'll see if the economy recovers and people are are looking to to invest in Bitcoin they're, probably gon na start putting their money in and and it could come early if, if somehow pick Y starts rallying up, so if nothing happens, if nothing happens then I would say the second half of this year for Bitcoin will definitely be butter.
Leave after the having event, but like I've, been saying for the last few weeks, if big quite somehow, rallies up, and I really gained strength even up to the having event even afterwards, if it starts really rallying up, I think it's gon na cause a lot of Fomo from people that's losing their money in the stock market, these guys that are looking to place their money elsewhere or they're, just really scared of taking everything out or they would just want to put some of it a little piece of it and something else. That'S. A little bit more stable or has potential going up, maybe at that point they'll start putting it into Bitcoin, but right now kind of just hovering. But I guess, if you look at the other way, hovering is good thing because the markets is has been hammered. I think this this month, this March, has been the worst month ever in history for the Dow. That shows you how bad it is, and right now it's, barely staying in full float at a green plus 50, but SMP and Nasdaq is down. So, like I said the two trillion dollars, I was watching some news coverage about it. So it's it's like a handshake, okay, both the Democrats and Republicans. They agreed to the terms, but the exact details have not been made public, but overall, two trillion dollars. Five hundred billion of that will be dedicated for businesses, Airlines it's, like 50 billion dollars.
A lot of that will be small businesses. I here for small businesses. Payroll tax will be delayed so that you don't have to pay that that's a huge amount. A huge chunk of money that isn't free money, though you'll, have to pay that there's a delayed payback program so for small businesses that's one of the things that's built in there there's going to be lending programs for small business again: it's, not free money, it's it's. More like delayed payments or or or loans, but you have to pay that back now in terms of families right that's, still the same number twelve hundred dollars per person, five hundred dollars for a child, but still details in terms of everyone's, saying its direct deposit right. So how do they know? How do they direct deposit you? Does everyone need to go on a website and submit what your, what your bank account is? I don't know they keep saying you know direct deposit, but how is Howard to go? Do that without knowing your bank information right, so I don't know the details on that, but that seems not change. The number stays the same. I hear Airlines the reason why Airlines is the reason yeah, my okay. The airlines went up like crazy, because they're gon na get grants which is which they don't have to pay back, but but that means the the Fed will own the slice of it. They'Re essentially buying shares into the airlines until they could buy it back.
But you know it: doesn't seem like it's very concrete, because how much can they really borrow and it's anyone flying these days? You know there's some pictures of like flights they're facing dad and all these countries are starting to lock down more and more the whole content of the Australia is locked down and UK's locked down. A lot of these countries are locked down, so you know no one's flying right now. So how much can they really last right and there's? The still a lot of uncertainty so as today go forward, hopefully more details that the stimulus plant comes out, let's, see if it's more, if it's more like a band aid or is it a true fixed? So we will see – and hopefully hopefully some you know – hopefully it helps out so that some people will consider putting their money back into bitcoins. Right now, like I said, it's just kind of kind of hovering CMC not much to talk about it's about even a little bit red today, but overall bdz not gon na stay the same so there's really nothing gaining on Bitcoin at this point I'm. Looking at this telegram, telegram is denied the SEC and the court. Well, the courts sides with SEC, basically declaring that telegram, basically failed the Howey test. So it is gram. Tokens are security tokens, which means they had a legal illegal token, a legal token offering – and if you look at this, this is kind of staggering sale of 2.
9 billion grams to 175 purchasers in exchange for 1.7 billion dollars. So you had a hundred and seventy five very wealthy wheels or exchanges, or whatever one hundred only 175, that paid 1.7 billion dollars for 2.9 billion grams and that's part of larger scheme after they buy it. They will then sell it to the market. Man, that's that's a lot of really rich folks, that's a lot of money right so yeah. So it seems like this. This this thing is over that telegrams. You know, blockchain project is over. Basically, this is deemed the security they can't. They raise the legal. You know token sale and they can't release this. I don't know they're gon na continue this or what, but it seems like this might be over brave basic attention. Token partnered up with finance just a small little thing so that you can basically connect it by Nance directly from your browser to brave browser and buy basically, whatever token you want. So this is a little little thing, obviously recently, not a lot of news about bat or brave, but it's still operational like right now. My browser time using is brave and if you sign up, you could get rewarded with brave tokens for seeing ads and stuff like that, or you could just opt out. So really depends. One good thing about brave is when you're using an ad blocker with like, say, chrome right. A lot of websites will detect that so I'm sure a lot of you guys browsed to places where it says you need to turn off your app.
You know your ad blocker or you can't, continue with brave. They use like a different kind of ad blocker so that a lot of sites don't see it. So if you go to those sites, we block it and you don't get a warning so that's. Another good thing about brave, so, just a small little small little small little partnership there, Craig Wright, is still defending his case. The courts want to see his documents more more, so the the the what the bonded carrier delivered in terms of his private keys right, which ultimately proves if he's show Toshi or not and he's, still defending that know that that all that information is protected under you Know client, privilege, or something like that, like whoever either he's a lawyer or his lawyer, there's something okay he's, just claiming that that that he can't share the information right so and the judge is getting fed up the judges like basically you're lying. You have lied to the courts, you have proven nothing, you better show some evidence and right now, he's still fighting that and bsv is having a lot of problems recently, because there is a minor that basically did 51 attack. It hasn't done anything but has taken over to network because it has majority mining power and bsv is probably in in shambles right now. You know what honestly that's it there's not much going on in the news, so that's why I kind of started a show in a chat kind of talking about right now.
Obviously, the world is looking at at the markets: there's, not that much going on in the in crypto world right. We just kind of kind of wait it out. The whole coins are not doing anything bitcoins kind of hovering right, so it's kind of like a waiting game right now, so the gun will start concentrating more a little bit more I'm already concentrating a lot on what's going on in the world markets. Maybe talk about some of the some stocks like Tesla or Airlines, or Microsoft or Amazon Walmart some of these ones. That may be a good pick up, because I mean Dallas free falling and it still go continue to freefall for some some time. I think Dow could fall as well as like 12000, not 12000 12000, and you know that may seem impossible, but the way things are going, man coronavirus continues to go up and up and up and things are gon na get worse. I mean the markets. Always I mean here let's do Crewe, I think yesterday, when I show this was that like 350 or something or 340, so this case went up by a hundred thousand of course, granted its worldwide, but still one hundred thousand per day, and you look at these charts. This is what's scary, the total cases and number of deaths is parabolic. This is what we want to see in terms of bitcoins price. You know we want to see price go parabolic, but right now, if you look at total cases and death counts, it's going parabolic.
So this is definitely not what we want to see, and this is go caused havoc for quite some time until vaccine is out, even if it back scene is out. It'S still gon na take quite some time to distribute it and get everyone over so yeah. This go caused havoc, so the markets go be really weak and that could be good for some of us. Those of you guys that have money to be able to take advantage, not just with stocks but also with Bitcoin. The key thing is to have have some money right on the sides so that you could take advantage that's how the millionaires and billionaires do it. They they they buy low, they buy what other people's are fearful right and they make the most during a recession time. So that is what we're going into so, hopefully you guys be able to do that as well. All right guys, I got ta, say here, so let me turn to you guys for QampA. You things that's not working with what streaming today with YouTube. So you, like my pop up, chat I'm, trying to integrate it and it's, not working for some reason and this morning, when I try to start up it wouldn't it wouldn't. Let me do it either there we go. Finally, there we go it's in the Australia. Talitali lelei. I hear the whole country continent is locked down. Hopefully you got, you got your boomerangs polished and you got something to do so.
Fifty five hundred sixty seven hundred support. Basically, I mean right now that's what it's looking like Bitcoin is hovering up and down between high five thousands and mid to high 6000 right. Is it go continue up? Well, it should – and I think the best case scenario is right now: we're we're all looking to see if this is the ultimate support level that basically it's not gon na go down anymore, and if it is, then you know there's only one way to go and That'S up right, it's a little early to tell because you know now the Fed US Fed and everyone else is trying to do the stimulus package and try to cause. You know the markets to go up again, but you know we're. Just at the beginning of the coronavirus day it looks in the US, you know the tool, count and death capital go up, businesses are go struggle more and you know only time will tell of like if the stimulus package will work. So I think the markets will continue to be weak, they'll get lower and then that'll be a true test. Whether or not Bitcoin can still stay at this level or continue downwards. If you can stay or somehow rally, it's gon na be tremendous for Bitcoin, but right now, it's. Looking like this is this is uh. This is a stable point. I mean it's it's holding within this range and that's good. What am I gon na do on my twelve hundred dollar check I'm gon na buy myself a really terrific dinner and that's about it in twelve hundred dollars makes difference for some, but for others, it's it's really it's, really a band aid.
If you lose your job, twelve hundred dollars, it's gon na hold you over for half a month. You know maybe a few weeks that's about it, so what's gon na happen the month afterwards, in a month afterwards and a month afterwards, you know that's the thing I don't know I don't know how much difference is actually gon na make yeah and there is a Limit it was supposed to be like a hundred thousand even make a hundred thousand a year. You don't get that check or something. Hopefully they move that these at all. I don't think that's fair. Well, I guess some people argue. That is fair. I would say that limits should be much higher they're, making uh two hundred three hundred thousand dollars a million dollars. Maybe you shouldn't get it, but a lot of people make a hundred thousand dollars and they still make or they still live paycheck to paycheck. They still need it, so I don't know a lot of these details. Just not there. They just didn't, they just didn't release it yet so we'll have to see we'll have to see like the full details of the of the stimulus plan. I only you know, share what I learned just a few little tidbits, but we'll see how encompassing it is they're. Also doubling unemployment benefits, so you get 1200 plus unemployment. Okay, what about XRP? What about it? I know I can't say much about it and ripple continues to to sell it.
You know they don't they're, not stopping. The selling MoneyGram recently declared that they made a shitload of money from ripple because ripple is paying them in XRP and guess what they're doing with that extra peter selling it so XRP is not getting better any time soon, Yakko plus average. There is definitely yes. The have AM price will be affected. I believe and know things won't be normal by mid. May things will probably get back to normal best case scenario like August or September this year and when I say normal, meaning that Crona is not spreading like wildfire. The numbers are coming down, but in terms of the impact on on the economy, like the toll like for small business, to recover for a lot of these businesses to recover we're – probably not gon na see normal until next year, Music from once normal to be by Easter yeah that's, not that's, not happening. Just look at what Governor Cuomo saying in New York, he's saying the death count in New York is doubling or tripling every three days and we it's nowhere even near apex. Yet so there's no way the Easter that things will be back to normal. Oh got some pissed off some XRP fans there, but it's okay. Why don't? We see any crypto currency commercials or ads and TV extra PS, no money to do those because here's the here's, the thing here's, the reality you know this is why I kind of picked on like coin a little bit is the fact that the reality is no One cares about the use of crypto.
Absolutely no one cares. People care whether or not they can make money that's, honestly it so you have like coin, you know doing in partnership with Miami Dolphins, okay and they show like coin like banners, and you could use like one, I guess to pay for things. Anyone care know when, like coin was shown, an exit, UFC event, anyone actually stop and looking at Oh, what is that that's on a man like coin? Should I look into what like one does? No, no one cares right, that's. The reason why crypto companies do not do advertisement because they realize no one freaking cares people just care if they can make money that's it because, honestly, all these projects we know, are too early and there's no there's, no real benefits to them. There'S. A lot of promises for the future, but right now is anyone using any DAPs ano, sort, Ron or or even I don't know any other protocol out there right, there's. Really, not so. People are in the game to make money and when you have a downturn like this and everyone is losing money left and right, very little people care so that's the thing that's. What no one does advertising, because it's not gon na work, it's, just gon na be throwing money down the toilet, that's, basically what's good what's, uh what's happening Prince Charles didn't, get tested, get tested, positive, so that's, not good. A lot of athletes are coming out, saying that they're either positive or your family members are and stuff like that.
It'S it's, not a good thing, it's, not a good thing and it's real scared, because some there's like Olympic athletes, that's in perfect health and they're, coming out and saying that they got it. And it is the worst thing ever and they there might be lasting effects. On them too, so it's, not just one of those things it's just for old people to worry about young people can have some serious side effects afterwards BBC's price in five years that doesn't change, I think after we get through this BDC, will continue on right. Maybe even you know maybe it's still on track for 2021 right, maybe if things normal out in the second half of this year, BTC will continue rallying up after they're having a man and 2021 becomes normal, but in five years realistically, I still think bitcoin is at Least above a hundred thousand, even if it comes down even if it tops out at three hundred thousand and then it comes back down with the next crypto winter and then they'll continue back up. But in five years time I say it's at least a hundred thousand. I still believe that it's just right now right now it's hard to see that, but but keep in mind we had this before we saw Bitcoin drive to three thousand before and rally hard up to. Fourteen thousand now we've come back down to six thousand and now you know it's just a matter of waiting.
You know it'll come back up it's just you got ta wait. Do I know any person, anyone personally that hasn't? No, I don't a lot of people think they got it already. These live people got some serious illness or they got sick recently or something like hell. I thought I got it because I was sick for a while too and I kind of feel sick now, but you know it's not. I think a lot of people may have gotten it or they think they got it. I don't know you know so unless, unless you're like really sick, I don't think anyone just proactively gets tested. I don't know yeah cats, mom is tested and he says she's in a coma actually because of it. So that's pretty serious one TV commercials cream warm Esther's who want to get an early make big money that's. Only if you can convince some that that you can that's the thing. No one truly believes in it unless they see themselves, which is why, when Bitcoin is rallying up so hard in 2017, then people believed it. Did you tell someone oh I'm, making money left and right on Bitcoin they're like yeah, whatever it's a scam right, but then they see it go from a thousand to twenty thousand they're like okay. What am I missing either, even though I don't believe it? Let me buy some right so right now, that's the thing it's, like you tell people about Bitcoin, you tell people about anything in crypto they're, not gon na, believe you they don't and even they do they don't care they're, not gon na risk.
It. The only thing. That'S gon na prove it to them is, if you show them facts, you show them the results right. You show them one day you pull up in your Lambo, then yeah they'll, probably prove it to them right. But right now you look at you tell them. Oh well buy a six thousand they're like well, it just fell down from twenty thousand or just fell down from ten thousand. Why would I buy it? You know so that's. The thing requirement you get tested and Texas is at least have a 102 degree fever. Interesting, and I hear testing is not something you want to go through. They stick a swab like in your nose like all the way back and it's it. It sounds very painful to test it to be hot, so that's, probably another reason why people don't proactively go test Trump claimed yesterday and one day the virus is going to disappear out of nowhere. Just like a book claims, no it's not a disappear out of nowhere, but maybe new cases will start dying down and that's if quarantine goes in full effect, but Trump is also talking about letting people go back to work and people are like that's, not a good Idea, he's done you're, just extending it, but he's trying now away the devastation of I guess the economy he's trying to prioritize that over. I guess health, because he's saying that let's go cause even worse.
The devastation the economy is gon na be even worse than just letting people go back to work, and I I don't know it's it's damned if you do have been damned if you don't, but basically there's no good answer to it. I mean the feds could do whatever they can to keep printing money and keep you know giving out money but altima Lee. You know this is gon na come back some. This is gon na come back on us right. I'Ve been questioning this, whether or not there's a true effect on on the deficit increasing there is, but how is it go? Come back on us right, that's done unknown right now. A lot of a lot of people say that it's go ahead, us hard someday and it might be the biggest bubble ever once. Fiat truly collapses right. I don't know there's a lot of stuff and a lot of this stimulus, stuff that's given out especially for small businesses right it's, not like it's free money, a lot of this stuff that's given out it's, just basically a loan or delay payment. So it's not it's defer payment, so you have to pay it back later. So it's not like it's free money either, so it might help them temporarily, but down the road, it's still hurting them. So I right now is just a iffy thing here. Look at this headline how Bill Bill Ackman turned 27 million into 27. You guys can't see that on your screen, but let me turn it back to the original screen.
Look at this house: oh shoot! It went away. It had a headline saying how Bill Ackman turned 27 million into 2.6 billion and I'll bet you in that story. He was buying during panic times he was buying when things are going to hell, not crypto, but stocks right, and then he started his own for hedge fund and stuff, like that. So that's the thing that's how the rich continues to get richer and richer and richer through investments, and they make most of their money during recession times during when things are going to help right so that's. Why I've been saying for the last few weeks? A few months actually to get money ready, whether you're buying crypto, whether you're buying stocks right you buy when things are low. If we buy, when people are panicking that's, how you make the most that's, how you do it alright guys that is it! I actually have to go to my doctor to check on my feet. I don't even know if they're open, so I should probably get going, but anyways thanks for tuning in make sure you smash up the like, subscribe to channel let's, see how the stimulus plan will affect the economy is a temporary band aid or will it last and Let'S see the effect they'll have on Bitcoin he's overall Bitcoin is still holding pretty well it's, holding pretty well it's a little bit too soon to make the call whether or not this is truly bottom because of all the stimulus packages and AIDS that's being thrown now.
But once that dies down we'll see our people are going to continue. Holding Bitcoin or is more money, go flow into Bitcoin or is more money gon na be flowing out, but right now it's. Looking pretty good – and I know some of you guys are extra P fan so there's an important message from ripple about XRP take care.