Holy cow! We've got an absolutely massive
episode ahead.
So, many crazy things have happened. I
don't even know where to start.
Nah I'm kidding. To be honest it's been a
light week on the news front, so I'll
share a few stories, and a flurry of some
interesting tweets.
Hello I'm Crypto Casey and welcome
to another episode of Last Week Crypto.
Every Sunday, we review the
performance of the largest
cryptocurrencies,
top gainers, as well as the latest global
news stories affecting the crypto
markets this past week.
This week we will discuss why Bitcoin's
price could go parabolic
in just a few weeks, why some people
aren't bullish on gold in the short or
long term,
and generally why no one is really
bullish on much going on
in the world right now, especially the US
dollar and economy.
To check out the links to all the
articles we discuss, go to
CryptoCasey.com/Last-Week-Crypto.
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Awesome!  Now let's jump into Last Week Crypto
 
Looking at the top cryptocurrencies by
Market Cap over the past week,
Bitcoin had a big spike Monday over
$12,000 before
dropping to $11,800 at negative zero point six percent
overall. Ethereum consolidating nicely at -5.0%, XRP at negative two point seven percent.
But if you follow me on instagram,
you know how much I care about those
guys. ChainLink taking a dive after a
huge rally last week
down 16%. Taking a look at the top gainers
this week,
OMG had an omg 302% surge
followed by NXM up 181%.   Yearn.finance,
man this thing has been a top
gainer
quite a few times now, up 146%.
Well if you're thinking about getting
into crypto or if you're already in and
want to invest more,
consider doing so before September 7th.
Bitcoin to "Ignite'
after Labor Day, warns former Prudential
CEO and Surprise Crypto Flip.
George Ball, the chief executive of
investment firm Sanders Morris Harris
and former chief executive of Prudential
Securities,
has changed his tune on bitcoin,
switching from being a bitcoin "opponent"
to an advocate- and warning people will
begin
turning to bitcoin after Labor Day on
September
7th. I've never said this before, but I've
always been a blockchain,
cryptocurrency, bitcoin opponent; but if
you look right now,
the government can't stimulate the
markets forever, " Ball said.
He also expects there to be a surge of
bitcoin buying "after Labor
Day"-- branding current global markets as
stuck in the "summer doldrums," with
investors waiting for "a spark"
that he thinks will ignite in early
September. The time to reposition
portfolios
is before the fuse is l,it or when the
fuse has been lit
but hasn't exploded yet, "Ball said, adding
the time is "probably
now." Cool! So assuming his prediction
comes to fruition,
just how high are we talking? Well this
trader says, "Bitcoin price will 'explode'
if bitcoin breaches
$13,000; noting the
increase in open interest
and recent price rally is picture
perfect.
And don't forget about ethereum I agree
with these two tweets,
that one, "Ethereum is heavily undervalued...
70% down from all-time highs;
You are not too late"
And two, "Having Bitcoin today is like
tinkering with the internet in the 80s..
Imagine the opportunities." Like I
mentioned in the intro,
not a lot of interesting news happened;
so this episode will be riddled with
tweets. So parlaying off of the internet
and the 80s tweet,
"Imagine the opportunities," well i found
these interesting to think about.
How to build a two trillion dollar
company: #Apple.
And it shows a photo of all these dank
connectors they keep forcing on us
to make nice juicy profits. I mean check
this out ,the last time I was on a plane
I completely forgot this thing
to connect my headphones to my phone; And
I just cannot, with flying,
and I especially cannot, with flying
without my "In case the plane crashes"
Ppotify playlist.
So I spent $22 on this thing, I
mean look at it.
Truly incredible. So if this bull crap is
worth two trill,
there's no freaking cap, whatsoever, on
kryptos
upside. A bit spicy, but I'm about it.
Funny, because Apple was one of those
amazing opportunities some people were
able to take advantage of
as an early adopter of tech in the 80s.
So if you missed out then or just didn't
exist like some of us,
"Carpe Diem..." "Carpe Crypto....Seize the Crypto"
guys. Because gold won't stand a chance
in the next decade when
Elon Musk totally crushes it with
asteroid mining.
Casey, no, no, no, no, you've gone too far.
You've gone mad. That's just pure
insanity.
Hey now, not so fast, this week Musk
confirms asteroid mining is a risk
to gold prices. This conversation was
sparked earlier this week
when the Winklevoss Twins tell
Barstool's, Dave
Portnoy, to pick bitcoin over gold due to
Elon Musk's 'Space Mining.'
They told him, Elon Musk is going to
destroy gold.
He's going to get up there and start
mining gold. That's why gold is a problem,
because the supply
isn't fixed like bitcoin. Gold is for
boomers who don't understand that.
Oof, another spicy one, lots of heat in
this episode.
Cameron also adds, "Elon Musk can't change
the supply of bitcoin.
It's the only fixed asset in the galaxy."
And look at this,
Gold versus Bitcoin. It's hardly a fair
fight at this stage...
Gold to Bitcoin going down in the short
term.
Time is running out. Take it from 'Rich
Dad Poor Dad' author,
"Buy bitcoin before major banking crisis.
There is no longer any time to 'think
about' buying safe havens like bitcoin as
dollar weakness continues
worsening." I mean the world is on fire
and not in a good way.
This is the world we live in. Nearly 30
million americans reported not having
enough food last week,
meanwhile "new record for NASDAQ," oh yeah.
But, but wait there's more, SMP 500 closed
at a record high today;
fully wiping out its losses from the
coronavirus. This is the great American
comeback,
God Bless! It's truly a miracle and I'm
not even joking, it's truly a miracle.
Miracle by definition is a surprising
and welcome event
that is not explicable by natural or
scientific laws
and is therefore considered to be the
work of a divine agency.
Divine not sure in this case, unless you
would consider the Fed's money printer
divine.
It has been working wonders during the
worst global financial crisis
that the world has yet to see. In fact,
this is Corporate America 100 right now:
Consumers need more government handouts
or we can't meet
our earnings targets. But come on, do you
really think people are going to spend
stimulus checks on consumer products? Or
do you think they're more concerned
about
not being homeless? Mortgage
delinquencies chart biggest
quarterly rise ever. Hmm not good,
especially considering
property collapses frequently lead to
banking crises
and this should ring alarm bells. Have
Central Banks and Financial Watchdogs
underestimated the threat posed by
collapsing real estate prices to the
financial system?
You bet they did. And the US Dollar just
broke support.
It's now at the lowest levels in two
years.
Wow, I warned you this episode would be
riddled, completely saturated
with tweets. There's just two more though,
I promise. Let me introduce you to the
New Chief Marketing
Officer of Bitcoin. He's doing great work,
destroying the Dollar to give Bitcoin a
chance to grow;
and at the end of the day many people
believe that money comes and is created
by
the government. But this last tweet paints
a more realistic picture of the actual
truth. "Many believe governments
are the originators of money. In truth,
money is the originator
of governments. The regional gang with
control over your money
is your government. Money is the true
implement of human governance.
#Bitcoin breaks your government's
chokehold on money.
So, if you are a beginner and want to
learn how to make gains as a Profitable
Cryptocurrency Investor,
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discounted price.
Well that was "Last Week Crypto" with me,
Crypto Casey.
If you enjoyed the episode, please make
sure to like this video and subscribe to
my channel for more crypto content.
To check out the links to all the
articles we discussed, go to
CRYPTOCASEY.COM/LASTWEEKCRYPTO 
   So did this video fill
your tweet quota for the week?
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Be Safe Out There!
you
