The Wolf Of All Streets
The SEC Has Cost Crypto Hundreds Of Millions | Crypto Town Hall
Nov 1, 2024
In this discussion, Peter Brandt, a seasoned market analyst and Bitcoin trader, shares insights on the bullish trends for Bitcoin, projecting a price target of $97,000. He critiques the SEC's regulatory approach, highlighting its adverse effects on the crypto market and ordinary Americans. The conversation also delves into the growing political influence of crypto voters and the importance of civic engagement for clearer regulations. Brandt emphasizes Bitcoin's role as a safeguard against corruption and a pathway to financial independence.
43:15
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Quick takeaways
- Bitcoin's recent price surge signals a potential bull market with expectations reaching up to 97,000, despite past volatility.
- The SEC's regulatory approach, viewed as stifling innovation, calls for collaboration with lawmakers to foster a supportive crypto environment.
Deep dives
October's Bitcoin Performance
Bitcoin experienced a notable surge in October, bouncing back from a significant drop in the first weeks. By the end of the month, Bitcoin broke through the previous barrier of 70,000, creating a new higher high in market structure. This shift indicates a transition from a series of lower lows and lower highs to a bullish trajectory, with signs suggesting the emergence of a bull market. As of now, bullish sentiment prevails, with expectations pointing toward a target of 97,000 for Bitcoin in this leg of the market.
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