The BlockSmith(@Square-Creator-33493fb7cdc5)'s insights

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⭐ The End Game (?) ⭐ In order to understand this market better, I believe it is important to understand BTC. Currently, Bitcoin stands at approximatively $1.37 Trillion capitalization. The total #crypto market capitalization is $2.73 Trillions. If we look at the total global capitalization, including M2 money, an estimation could be around 💥$400 Trillions💥! Now, $BTC has seen more and more adoption across the years since its creation. This year marks an important point in the history of Bitcoin with the approval of the Bitcoin ETFs and more institutional access to Cryptocurrencies. But, if we look on a large scale, this is not the only noteworthy event. Corroborate the following information to get a conclusion: 1. Countries are hoarding Bitcoin themselves or mining it. 2. Huge companies have disclosed through their tax fillings that they indeed hold Bitcoin. 3. VISA allows payments with Crypto. 4. Companies like Nike, Sony and Airbnb accept payments through Cryptocurrencies such as $SHIB . 5. Tesla accepts payments with $DOGE for certain products. At least for now, it might be allowed for all products in time. 6. Legislation surrounding Cryptocurrencies starts to ramp up. This is a signal that this new asset type is preparing to be fully adopted by our society. 7. A lot of people still don't know about Bitcoin. What the value proposition is or what it aims to do. Most people still believe it's a Ponzi scheme, a scam. That it will go to 0. That it's too volatile, that it can be hacked... and so on. Usually this means that we are still early in the adoption of blockchains and of Bitcoin. 8. A lot of price predictions range from 250k to 1 million dollars per coin in the future. 9. US dollar inflation. Taking all of this into account, it's not just a coincidence or wishful thinking that Bitcoin, slowly but steadily, is preparing to become the most valuable asset in the world. Currently, it is just slightly behind Silver. It's very likely that we'll witness Bitcoin overtaking Gold as the most valuable asset in our lifetime, replacing fiat currencies.

#Nvidia $FET $RNDR $AGIX One of the strongest narratives right now is the AI narrative. Artificial Intelligence is the latest trend in Tech and it's here to stay for the foreseeable future. 🤔The market is still growing and AI didn't reach its full capabilities, so there's a lot of room to grow for this technology and Nvidia is very well positioned to take advantage of this situation. Because of this, a lot of AI projects in Crypto are influenced significantly by what happens with Nvidia. Their earning calls usually have ripple effects throughout the market. If Nvidia's share prices increase, so do AI coins and if not, AI coins suffer some drop as well. This is again one way in which external events can easily influence the cryptocurrency market and it highlights the importance of identifying what drives market sentiment. As usual, do your own research and due diligence and do not take anything as financial advice. It is up to you to inform yourself and make an informed decision, with all risks calculated. 😎

💰 Follow the Smart Money💰 What does it mean to "Follow the Smart Money"? Generally speaking, the expression "Smart Money" refers to the big investors. These can be either institutional players or whales (individuals with a lot of money). There are multiple ways which can help with this: 1. Focus on monitoring the Trading Volume ⭐ When big swings of the price happen, it might be worthwhile to verify large single transactions or multiple smaller sized chunks from the same wallet. This requires on-chain tracking of specific wallets, but doing so can help you identify where the money is going / coming from. Eventually, some patterns might be identified, which can afterwards help you take a more informed decision. 2. News & Announcements ⭐ Pay attention to industry announcements or project updates that might signal significant changes to a cryptocurrency. The smart money usually moves to the most promising projects. 3. Follow Social Media, with a grain of salt ⭐ Social Media can be a double-edged sword. This is to say that sometimes you can gain an advantage by following respected people in the industry or learning new things from other people's insights. Moreover, if you do happen to be at the right place and the right time, you might see something similar to the Tweet that was posted 2 days ago which caused ETH to jump 23% in price in just 2 days. If you wait for others to give you the news, it might take a longer time, time which is essential in order to catch certain price swings. -------------------------------------------------------------------------- Of course, these are not the only ways, but it's a good starting point. Always make sure to do your own research and learn as much as possible about this market in order to not be caught off-guard. $BTC $SOL $ETH #Smartmoney #money

$ETH ETF Approval and possible implications... #ETHETFS 2 days ago, Eric Balchunas, a Senior ETF Analyst for Bloomberg has posted a tweet in which he said that his prediction for the Ether ETF by the SEC (Securities and Exchange Commission) approval has increased to 75% from 25%. This comes after a period in which the general confidence in the approval of the Ether's ETF was pretty low. Since this tweet, the price of $ETH has increased by approximatively 23%. This bullish signal might mean that the SEC is planning to approve the ETF, especially since it's an electoral year and the attitude of the potential presidents towards Cryptocurrencies in general is a major topic which could attract a lot of voters. An additional factor to take into consideration is that #Blackrock has filed for an $ETH ETF as well. Blackrock is the world's largest investment manager and out of all the ETFs they have filed for, only 💥 ONE 💥has ever been rejected. Moreover, ETH is a major player in the cryptocurrency market. Most applications are built on top of this blockchain (more specifically, most applications use #EVM - Ethereum Virtual Machine), so classifying it as Security would affect the vast majority of the market as well. Another important point is that there is an ETH ETF already approved in Hong Kong. USA generally doesn't want to fall behind China when it comes to decisions that could have big implications for their economy. Due to these reasons, I personally suspect we could see the approval of the ETH ETF sooner than later. BUT 🤷it is also worth to keep in mind that a lot of big players are in this market and market sentiment can be manipulated. The view has shifted to optimism related to the ETF approval which would mean that a rejection of the ETF could lead to significant drops in price, benefitting a small number of people. In this scenario, even if the ETF won't be approved, it's only a matter of time, a question of "when", rather than "if" it will happen. Please Do Your Own Research (DYOR) and take multiple factors into account when investing.

👀 The market will witness significant changes this year with regulations planned for the cryptocurrency market 👀 If this post is helpful, please leave a like 👍 and follow! 🔥 Cryptocurrencies have been in a gray area for a long time. The main point of discussion when it comes to cryptocurrency regulations are Memecoins such as $SHIB , $PEPE , $BONK and others which have always had great volatility, giving both great opportunity for large gains, but also risks for big losses. Memecoins carry some inherent risk. Investors tend to flock to lower cap memecoins which promise larger gains, but the FOMO (Fear Of Missing Out) can get the best of them and lead to irrational or investing based on impulses. Since a lot of people have lost money and can easily lose money if they don't pay attention and analyze the risks, it is becoming increasingly obvious that the market requires regulations to protect investors. This is also a necessary step so that the market can continue its evolution and mainstream adoption since we live in a society and this means that everything should follow at least *some* rules. In Europe, the MiCA legislation (Markets in Crypto Assets) will bring forth significant changes. Parts of this reglementation will start applying in the short term, while other parts will apply starting with the end of the year. This can have significant effects on the market, but it's hard to predict how the market will react to these changes. It is possible that liquidity will transfer over more established coins with a solid reputation (or at least, some reputation). The opposite can happen as well: we may witness a downtrend in the market, although I expect this to be short term. As usual, we have to think in larger timeframes about what this means for the market. While we may witness some decrease in volume, on the long term these regulations will provide the necessary "safety net" for traditional investors to bring forth more liquidity into the cryptocurrency market.

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