Get Smarter About Crypto

₿itcoin reached $42,040.

♢Ethereum reached $2,250.

What we will talk about today...

🚀🤔Will Bitcoin run to the $47K?

🤔🔍 What do people think and feel about cryptocurrencies?

💢🤑 Schiff’s Bold Prediction for Bitcoin.

🚫💬Trump and RFK Jr. Say No to Digital Dollar.

Will Bitcoin run to the $47K?

Bitcoin, the current story shows BTC at the $42K place, beating the Monday sad with a small 0.41% rise at this time.

📈 Same Moves: BTC’s Big Time

Above the 50-day EMA, Bitcoin makes the same moves, showing a big time in its short-term way. With this, the hope grows for a possible run to the $47K place later this week.

As we start the week, Bitcoin stays calm, keeping the weekend’s same speed above $42K. After a short rest after last week’s big change, BTC gets ready for a good February run.

🚀 Bitcoin Power Goes Higher: Good Vibes Grow

With Bitcoin power going higher to 52.38% at this time, hopes of a coming good run go higher. The stage is ready, and as we go into February 2024, the nearness to the Bitcoin Halving makes new hopes. Look at our Bitcoin price guess to see the chances of BTC hitting $100,000 after the fourth halving event.

💪 50D EMA Win: Bitcoin on the Rise

After the strong 4.77% rise last Friday, Bitcoin went into a short sleep time. This rise not only gets back the hard $40K mark but also looks to break the $42K wall. Staying above the 50-day EMA and the 23.60% Fibonacci level, Bitcoin’s upspeed shows a coming rise. The $47K wall is big, and with possible volume help, a good rise might happen.

📊 Market Moves: Feelings Changing

The rise in U.S. markets could shed a good light on the crypto world, pushing Bitcoin up way. Good winds include the slow GBTC outflows and the IBIT ETF going over the $2 Billion mark, slowly changing market feelings.

Technical Hints: MACD’s Good Sounds

A close look at the MACD thing shows a good cross under the half line after the recent buy, making a possible trend change in Bitcoin.

🔮 The $45K Question: Good Hope Stays

As the market slowly leaves last week’s feeling trouble, the important help area at $41K shows its strength. The getting back of the 50-day EMA means a big thing, showing a possible change. A good look sees BTC going for the $46,758 top if the good speed stays.

On the other side, a change way could test BTC at the $38,642 mark. The crypto story goes on, staying on the edge of doubt and possible win. Stay tuned for the next part of Bitcoin’s fun trip. 🌐✨

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What do people think and feel about cryptocurrencies?

A New Study reveals some interesting insights from over 16,000 respondents. Here are some key findings:

📊 Ownership and Aspirations:

• 17% of the participants own cryptocurrencies, and 30% plan to buy some within the next year.

• Bitcoin is the most popular choice among crypto enthusiasts, followed by NFTs and Ethereum.

💡 Curiosity Unleashed:

• 55% of the participants are curious about crypto, and 11% are actively involved in the crypto market.

• Half of the participants are happy with their financial results, while 20% want more.

• Crypto has huge potential, but the industry needs to address consumer concerns.

• Crypto is still mysterious to many people, and the industry should provide more investor protection, consumer confidence, and solid foundations.

🤔 Cynicism and Trust Dilemmas:

• 19% of the participants are cynical about crypto, and 25% are not interested at all.

• 30% of the non-crypto users have no trust in centralized crypto exchanges, and 30% have technological worries.

🔍 Perception of Crypto:

• The study shows a paradox: crypto is seen as both a source of financial innovation and a tool for financial fraud.

• The crypto industry needs to deal with these perceptions and create a trustworthy and understandable environment.

• Crypto is a dynamic and exciting field, but also a challenging and complex one. As the crypto community moves forward, the opinions and feelings of the consumers will influence the direction of the digital revolution. 🚀💡

Schiff’s Bold Prediction

Bitcoin is always making headlines, and economist Peter Schiff is one of its biggest critics. He recently celebrated Bitcoin’s drop after the launch of the first U.S. spot Bitcoin ETF.

📉 Schiff’s Warning: “Buy the Rumor, Sell the News”

Schiff says he warned people that Bitcoin would fall after the ETF launch. He says those who laughed at him are now making excuses for the drop.

💔 Schiff’s View: Bitcoin Will Crash

Schiff is sure that Bitcoin will fail, and he predicts it will go to zero. He says the new ETFs are not creating new demand, but just moving it around. He compares it to “rearranging the deck chairs on the Titanic.”

🔄 Schiff’s Mockery: Bitcoin vs Gold

Schiff also mocks Bitcoin’s supporters, saying they will always brag about Bitcoin’s growth, even if it falls very low. He says they will compare it to gold, which he prefers. He gives an example of Bitcoin falling to $100 and gold rising to $10,000 by 2031.

💰 Schiff’s Twist: Bitcoin at $10 Million?

Schiff adds a twist to his prediction, saying that Bitcoin could reach $10 million by 2031, but only if the U.S. dollar becomes worthless like the German Papiermark did after World War I.

📈 Bitcoin’s Status: Up and Down

As Bitcoin keeps changing, it is now at $42,256, down 1% for the day but up 3.26% for the week. The debate between Schiff and others continues, and the Bitcoin story goes on. 🚀🌐

Presidential Showdown: Trump and RFK Jr. Say No to Digital Dollar

Two powerful politicians, Robert F. Kennedy Jr. (RFK Jr.) and Donald Trump are against the idea of a central bank digital currency (CBDC) in the U.S. They say it will harm the freedom of the American people.

👥 The Unlikely Allies: RFK Jr. and Trump

Both RFK Jr. and Trump promise to stop a CBDC if they become the President of the United States. Trump says, “I will protect Americans from government tyranny.” He thinks a digital dollar will give the government too much power over people’s money.

🚫 RFK Jr.'s Warning: A Way to Spy and Control

RFK Jr., who supports financial freedom, agrees with Trump. He says a digital dollar will let the government snoop on people’s private finances. He says cash transactions are anonymous, but a CBDC will allow the government to watch and limit what people do with their money.

🤝 Trump Thanks Ramaswamy: A Supporter

At a rally, Trump thanked Vivek Ramaswamy for telling him about the risks of CBDCs. Ramaswamy, who ran for president before, is backing Trump. Trump said, “This would be a dangerous threat to freedom, and I will stop it from coming to America.” His supporters like his strong position against CBDCs.

💬 Bipartisan Opposition Grows

After Trump’s speech, Rep. Tom Emmer said he wanted to work with Trump to stop the Federal Reserve from making a CBDC. The Federal Reserve is the central bank of the U.S. Its leader, Jerome Powell, said last year that a digital dollar is not coming soon.

🌐 A Digital Dollar Problem

The politics of CBDCs is complicated. A digital dollar worries both Trump and RFK Jr., who think it will hurt American freedom. The story is not over, and the country is waiting to see what will happen to its money. 🗽💸

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎