Yo, what is going on my people welcome back to another video, so today is looking pretty clean for the crypto market and there's a ton of excellent news that i wanted to cover in this video that you need to know right now. So in this video we'll be covering some whale activity. What we're seeing and what this could mean for the movement of bitcoin and other cryptocurrencies. We're also going to cover some celebrity news and a little bit of online drama that we're seeing between elon, musk and dave.

Portnoy two pretty big figures within the investing space in this day of age and to wrap this video up, we'll be talking about inflation and destabilization of the dollar and how that equates to very bullish fuel for the crypto space. Now, as a couple reminders like the usual, there are going to be a ton of filthy little scammers. In the comments section of this video, please ignore the whatsapp number they leave as replies, so you do not get scammed. Also, do not forget to hit that like button if you appreciate the work and research that goes behind the scenes for these videos and subscribe to this channel, if you don't want to miss out on this very historical moment in time with crypto and investing news, i Also realized, which is very unfortunate, that 77 of you aren't subscribed to this channel.

So if you are one of those people - and you don't see that little subscription belt activated make sure you do that turn on the bell, so you don't miss a thing because we're going to be covering some really hot news throughout this year. That could make you a lot of money. One last thing: if you aren't using a vpn trust me, you may want this surf shark, is offering jungy viewers 83 off in three months free. Just by using my link down below before investing your hard-earned money into digital assets like bitcoin, you should 100.

Take the precaution and make sure your internet connection is protected, private and secure. Now, with all that being said, let's hop right into my computer and see how the market is doing for this day, alrighty folks, so the crypto market is doing very well today. It is up 4.94 an increase over the last day now bitcoin's dominance is currently 49.38 or a decrease of 0.94 over the day, meaning a lot more people are putting money into different alt coins in the market. We're seeing right now bitcoin is at 54 822 and up 2.28 for the last 24 hours.

This is pretty good news. We're seeing bitcoin enter the 55 000 mark pretty soon, so ethereum is doing extremely well today they are up 6.11 and it is closing in on that previous all-time high. We had before of 2600 and i would say about 19 32 around that range. So uh oh shoot, do we do we just break the all time? Oh, oh, oh wow, so ethereum broke all-time high.

Let's go! Let me tweet this. Let's go all right guys! So uh ethereum broke uh an all-time high. Today i will definitely be celebrating by getting some tacos or sushi later uh that that's awesome now. I also want to filter this by highest percentage changes of today, because we're getting some pretty solid increases hollow dent, zeleka voyager ox.

They are all up over 20 helium is up 20 as well polygon 17 and look at this guys. Polygon is up 84. For this week, so i do have a video that i am working on and researching to add for another top five crypto or top three crypto pick uh, just depending on how many i can find for this week. Stay tuned for that.

You do not want to miss out on it, make sure that you do have notification bells turned on on this channel, so i think it's safe to say that the market is looking pretty solid today, make sure that you guys continue to stay emotionless in these investments. It's okay to celebrate your wins, but continue on with the strategy that you have implemented, i'm getting a lot of requests for me to make more videos talking about different strategies and what you should do in 2021. For this current, i would consider more of a dominant altcoin season, with bitcoin still having a lot of potential, so i'll go ahead, draft work and get that video out to you guys as soon as possible. I am pretty back loaded on content right now, but i will get that out to you guys, because i know you have been crazy about some type of more of a tutorial based video just like that.

So just stay tuned now. Another thing that i want to discuss in today's video is just talk about some of the movements that we're seeing with whale alert. Now what i noticed is that there is a lot of huge transfers going on from unknown wallets to other exchanges. Now, whenever we see this happen, you have to realize there's a couple things happening and sometimes whatever moves whales make, it really makes no sense like if they move money from binance over to coinbase, and then they decide to move coinbase over to binance again it could Be a security factor, it could be money laundering, it could be them just trying to cycle or have some type of internal deals.

You'll never know the actual reason just because we are not inside of their brains, but we can take a look at some of these. Other easier movements and dissect what kind of conclusions we can draw from the markets so as an example right here, twenty one 000 transferred from unknown wallet into binance. So what this means is whenever we see whales, transferring money from something like cold storage like i have in my hand, a ledger nano s link down below in the description love this company love these guys. What often happens is, if i moved say, two million dollars which i don't have if i move two million dollars from my ledger: nano s over into binance or coinbase.

What that means is i'm getting ready to unload that amount whenever whales decide to unload millions upon millions of dollars, it usually means we're gon na see a dip in the market, so i've been noticing this, but i've also been noticing some good news too, which is The exact opposite so check this one out: 6, 000 ethereum or 16 million usd transferred from hugh boy to unknown wallet. So a lot of the exact opposite is happening. I was taking a look at this earlier and noticing a lot of transactions with ethereum happening today. As well, so it's interesting check out this one 11 million dollars transfer from binance to another unknown wallet.

So this right here should give you a better idea of at least what to expect in terms of retail investors and some major fluctuations that we may see in the near future. I don't believe we're going to continue to see this huge bull run all the way to the moon. I believe we are gon na have some more major pullbacks, but based on what we're seeing in the past right now, i'm telling you it's gon na be a lot of work to get to a hundred thousand dollars this year for bitcoin. I am still very, very confident it's going to happen and if you think you missed the train and it's too late - and this is like any other meme stock that we've talked about on this channel - and you just won't - have any luck with it.

I'm telling you you'll be surprised at how bullish you'd be with cryptocurrencies just by knowing the right amount of information and staying up to date with content like this. I also want to talk about the headline right here: tesla sold bitcoin in quarter, one of proceeds of 272 million dollars, so dave portnoy earlier made this tweet thrown a little bit of shade at my boy elon. So he says so am i understanding this correctly? Elon musk buys bitcoin and then he pumps it it goes up. Then he dumps it and makes a fortune.

Listen. I own one. Bitcoin and bitcoin is exactly who we thought. It was just don't be last one holding the bag.

Elon musk replied. No, you do not to his question that he's understanding it correctly. I have not sold any of my bitcoin that tesla sold 10 of its holdings, essentially to prove liquidity of bitcoin as an alternative to holding cash on balance sheet. So is dave portnoy, really someone who can call out elon musk for what tesla has done.

I first want to bring a reminder that, although dave portnoy is shown to be a man of the people and a guy against the suits, many wall street bets enthusiasts still have a very strong distaste for him because of what we call paper handing his investments. If you check out this response tweet from back in february, they had to make this because of all the negative response he was getting in this tweet. He states dave portnoy is no suit. You can call dave portnoy a lot of things: a multi-millionaire, a dead ringer for bradley cooper, a u.s open champion a triple crown winner heck.

You can even call him blank if you want to, but you cannot call this man a suit. Yesterday, dave portnoy announced that he sold popular meme stocks like amc at nokia and naked. He bought at the absolute high and sold at the absolute low for a 700 000 loss, like many others. Portnoy got absolutely screwed over by robin hood, vlad, steve cohen and the other suits responsible for the criminal events of last week when they shut down a supposedly free market.

Most of you guys should know about the situation with wall street bats, amc and gme. I'm not going to go into the whole thing about this dave portnoy. Basically, paper handed his entire investment and during that time he made a tweet talking about how he was selling everything which definitely hurt the overall community. People were extremely salty about this entire situation and then in this reply from team portnoy, they pretty much just pointed the fingers at vlad, robin hood and anyone involved in this and just pointing it away from himself and the fact that he did lose money and that He did really paper hand his investment, so people are still reminded by this yeah, so we scroll down to his tweet that he had at elon musk.

It doesn't take long before you see uh some people reminding him of what he's done with the whole gme amc situation where jeremy judkin says weren't you, the one that was pumping, gme and then had paper hands and sold. I mean it's going to keep coming up. You know so what we can say from this and what we cannotice from dave portnoy is that he has a tendency of joining the hype train and what i realized is there's a term for this called a grift, and this is what people are labeling him. Let me know what your thoughts of dave portnoy are down below.

I really don't have any type of opinion about him, but i definitely don't appreciate the fact that he's trying to throw shade at elon musk out here when clearly elon, has been doing a lot for the entire cryptocurrency space. Regardless of the opinions that you may have. So the overall sentiment after releasing this news on tesla is positive, as we continue to see a green day for bitcoin and the overall crypto market. Now going back to elon.

We know that he's been pretty involved in the past year within meme stocks and cryptocurrencies like doge. One could argue, because of elon musk's tweet about doge, that the sole reason we've seen doge get to where it is now is because of him. There's speculation that elon is loading up on crypto and pumping up these coins in preparation of the further destabilization of the us dollar. Now.

This is something i really want to talk about. The feds right now are doing a terrible job by printing 25 of the money. That's ever been printed in just the last year, and many people like myself are literally strapping in for some intense inflation that we should expect to see soon as growing concerns of inflation is right. Around the corner and large companies begin to consider adopting their cash reserves into bitcoin.

This is some of the best news that we can have as newer retail investors who got into bitcoin much earlier in the game. If we check out the article here possible, bitcoin treasury adoption as more companies cite inflation concerns it states. Bitcoin is likely a topic of conversation among the treasury department of many u.s companies amid rising inflation, cool little art right here, so no fewer than 47 companies have cited the term inflation in their earning calls for quarter one of 2021., according to a report by financial Market data provider facts set on monday. The figure represents the highest number of companies to do so in the last decade.

This means these companies they're preparing they know what's going on and what you have to realize is companies like this in-house they're gon na have very smart people analyzing their statements, analyzing the economy, understanding what is to come because you know they're getting paid by the company In order to keep them afloat, it says earlier in april, the u.s bureau of labor statistics released its producer price index, also known as a ppi, showing a report of 4.2 percent year-on-year increase the highest. It's been since september 2011., while federal reserve chairman jerome powell continues to argue that current inflation and consumer price index numbers are only temporary. There is a counter argument that businesses will move to transfer the burden of greater production costs to their consumers. Meanwhile, companies may also be seeking ways to protect their cash reserves from us dollar debasement.

Following the nearly six trillion dollars in stimulus money poured into the us economy over the course of the ongoing pandemic. Back in august 2020, business intelligence, outfit microstrategy made headlines when it announced its first bitcoin purchase. Michael saylor's firm now holds over 90 000 bitcoin valued at over 5 billion dollars, with the asset up almost five-fold since august 2020. That is crazy guys.

That is crazy. On monday, tesla announced a sale of 272 million dollars worth of bitcoin about 10 of its bitcoin holdings in the company's quarter. One financial report: according to tesla's q1 2021 earnings, call the electronic vehicle maker netted 101 million in net profit from the sale. So a move like this really shows the market and it shows other companies like hey.

We went ahead, tesla went ahead and put a significant amount of their money into bitcoin, and not only did it fight the pending inflation to come, but it grew money. They were able to make additional profit so for any shareholders. I know that's good news. It's always great.

If a company is able to make additional money from their investments because they can re-invest that into research and development, things like the cyber truck still waiting on something like that. I think that'd be dope now, as growing concerns of inflation is right around the corner and large companies begin to consider adopting their cash reserves into bitcoin. Overall. This is great news for any retail investors who got into bitcoin during this time.

So far, this week is looking beautiful, but i'll be keeping my eye out on any potential reasons for another pullback now, for this video's code word just comment down below what your dream car is what you would do if bitcoin ever hits a hundred thousand dollars. For me, i've actually had my eyes on an r8. I don't know if i'll ever do that, we'll see how good this gear ends up being, let me know what your dream car would be. Anyways guys.

I hope you enjoyed today's video. Don't forget, you can pick up two free stocks with weeble using my link down below one is valued up to eighteen hundred dollars after you deposit a hundred dollars into the app and with weeble you can trade, both stocks and crypto on your computer or phone one. Last thing, eighty three percent off and three months free with surf shark, keep your internet connection secure and, thank me later, patreon is also open for anyone looking to get alerts on my crypto portfolio. My watch list and any research that i'm doing with certain coins have an amazing day.

Thank you all so much again for watching and hopefully i'll see, y'all in the next video peace out.