>> WELCOME BACK TO DOING BELLS
EVERYBODY THINGS ARE LOOKING UP
FOR EVERYONE'S FAVORITE CRYPTO
OF COURSE WE'RE TALKING BIT
COIN RALLYING NEARLY 40%
IN OCTOBER HITTING A RECORD
HIGH OF $66,975 THAT WAS THE
BIGGEST SINGLE MONTHLY
PERCENTAGE RALLY SINCE DECEMBER
OF
LAST YEAR ON MONDAY MORNING
BITCOIN WAS TRADING 2.4% HIGHER
WHILE THE AND GEORGE QUITE WAS
TRADING AT ONE 0.7 1, 3.9 5%.
THE OCTOBER RALLY BY BITCOIN
APPEARS TO HAVE STABILIZED THE
CRYPTO CURRENCY AHEAD OF
CENTRAL BANK MEETINGS IN THE
U.S. UK
AND AUSTRALIA. JOINING US NOW
TO TALK EVERYTHING CRYPTO IS
BEN ARMSTRONG FOUNDER A BIT BOY
CRYPTO BEN WELCOME TO
THE SHOW.
>> LET'S TALK ABOUT BITCOIN'S
PRICE. IT'S STEADILY RISING
COULD WE SEE IT SURPASSED A 100
HEY BY I KNOW THE END OF THIS
YEAR.
>> I BELIEVE YOU'RE DEAD ON
RIGHT THERE I THINK WE ARE
GOING TO SEE A $100,000 BITCOIN
IS GOING TO BE CLOSURE TO THE
END OF THE YEAR IN
MY OPINION. YOU KNOW I DON'T
KNOW WE'LL SEE IT IN THE EAST
AND YOU KNOW NOVEMBER MIGHT SEE
THE FIRST WEEK
OF DECEMBER. BUT YOU KNOW THERE
ARE A LOT OF YOU OUT THERE THAT
ARE TALKING MUCH
HIGHER PRICE FOR BITCOIN A
200,300 1500 $1000 PRIZE FOR
BIG POINT. I MAY BE EARLY
NEXT YEAR. I DON'T SEE THAT
HAPPENING. I DO BELIEVE THAT
WHEN WE GET TO THE $100,000
PEAK THAT WILL BE PRETTY MUCH
IT FOR THIS BULL CYCLE WILL GO
BACK INTO THAT TRADITIONAL
FOUR-YEAR CYCLE, INCLUDING A
BEAR MARKET.
>> SO WHAT COULD HELP SHAPE.
BITCOIN PRICE ACTION AT LEAST
IN THE COMING FEW WEEKS COMING
WEEKEND.
>> WELL I DO BELIEVE THAT YOU
KNOW WHEN YOU LOOK AT WHAT'S
GOING ON WITH BITCOIN AND THE
CHARGE IS VERY FAVORABLE.
WE'VE GOT A LOT OF SUPPORT.
WE'VE GOT $67,000 OBVIOUSLY A
COUPLE WEEKS AGO AND WE'VE GOT
REJECTED WENT DOWN ALL THE WAY
TO 57,000
THERE'S BEEN A LOT MORE TIME
FOR BITCOIN TO BUILD THE
SUPPORT LEVELS AND I THINK
THAT'S VERY BENEFICIAL NOVEMBER
TRADITIONALLY IS AN EXTREMELY
BULLISH MONTH FOR BITCOIN
BEGINNING OF DECEMBER ALSO I
THINK TIMING WISE IN COULD BE
GOOD. I THINK A SNEAKY THING TO
WATCH OUT FOR OVER THE NEXT
FEW WEEKS AS WE HEAD TOWARDS
THE END OF NOVEMBER COULD BE
THE SEC VERSUS RIPPLE CASE.
GETTING SETTLED AND YOU KNOW
GETTING OVER THAT COULD HAVE A
PROFOUND EFFECT NOT JUST ON THE
PRESIDENT'S RP BUT ON BITCOIN
AS WELL BECAUSE IT WOULD LIFT
OF THE ENTIRE SPACE BECAUSE
ONCE XRP IS NO LONGER YOU KNOW
CONSIDERED TO POTENTIALLY BE A
SECURITY BECAUSE A LOT MORE
STABILITY TO THE OVERALL CRYPTO
SPACE.
>> WE KNOW. FED OFFICIALS ARE
MEETING THIS MONTH THEY HAVE
INDICATED THAT THEY'RE READY TO
BEGIN TO THEY BRING IN SLOWLY
PULLING BACK THE STIMULUS THAT
OF COURSE OF COURSE WE SAW
DURING THE PANDEMIC BUT HOW
COULD THAT AFFECT THE BITCOIN
MARKET.
>> WELL I DO THINK THAT
TAPERING YOU
KNOW IT MIGHT NOT NECESSARILY
BE A GREAT THING FOR BITCOIN
ALL THE FREE MONEY FROM THE
PANDEMIC THE STIMULUS MONEY HAS
BEEN VERY GOOD
FOR THE BITCOIN PRICE. I THINK
WHAT WE SAW ONCE THE PANDEMIC
RELIEF IN THE MONEY START
FLOWING AS WE SAW THE VALUE OF
BITCOIN GOING UP WHAT WE SAW
THE VALUE OF THE U.S. DOLLAR
GOING DOWN. I ACTUALLY THINK
VERY SOON WE'RE GOING TO SEE IS
THE ALTERNATIVE FACT WHEN THE
QUEEN DOES TALK ABOUT A
$100,000. WE'LL SEE THE VALUE
BIG ONE START DROPPING
RESEARCHING THE DOLLAR
STRENGTHENING I BELIEVE
STRONGLY THAT WE WILL WE WILL
BE HEADING
INTO DEFLATION. SOON, I KNOW
INFLATION IS THE BUZZ WORD AND
EVERY THING THAT PEOPLE IN
BITCOIN IN THE MEDIA LIKE TO
TALK ABOUT, BUT WITH THE
INFLATION HAS GOT TO END OR
UNITED WILL LOSE THE WORLD
RESERVE CURRENCY THAT WILL BE A
BIG BLOW TO OTHER POLITICIANS
YOU KNOW HAVE THAT POWER.
>> THERE'S SOMETHING I REALLY
WANT TO TALK TO YOU ABOUT
BECAUSE WE ARE SEEING MORE AND
MORE SCAMS WHEN IT COMES TO
CRYPTO MY CO-HOST AND FRIEND
BAKER WERE JUST TALKING ABOUT
SQUID GAME COIN BEING THE
LATEST.
>> HOW DID
THAT YEAH. HOW DAMAGING IS THIS
TO THE CRYPTO SECTOR BEEN.
>> NOT REALLY THAT DAMAGING IN
MY OPINION AND THE REASON IS IS
BECAUSE THE PEOPLE THAT ARE
GETTING INTO
THESE COINS THESE REALLY LOW
RANGE MEAN COINS WE WE CALL
THESE PEOPLE IN CRYPTO TEACH
INS AND WHAT DO WE MEAN BY THAT
WE DON'T MEAN THEY'RE
ACTUALLY DEGENERATE YOU KNOW
PEOPLE WITH WITH YOU KNOW BAD
VERSIONS REALLY LIKE THAT
IT REALLY JUST MEANS THAT THESE
PEOPLE ARE NOT RISK-AVERSE
THEY'RE WILLING TO THROW MONEY
INTO PROJECTS AND IF THEY LOSE
IT THEY
LOSE IT NEWER COVERED CRYPTO IS
JIMMY MUCH HARDER FOR THEM TO
EVEN FIGURE OUT HOW TO USE THE
EXCHANGES TO GET THESE TYPES OF
COINS. SO THAT'S WHY LIKE
QUEENS LIKE SHEBA GETTING ON
QUINN BASE GIVES IT A LOT MORE
STABILITY BECAUSE NOW YOU HAVE
A WAY FOR THE NEW PERSON COMING
TO JUMP INTO IT OTHER THAN JUST
YOU KNOW GETTING ON A
DECENTRALIZED EXCHANGE. SO I
THINK WHEN YOU LOOK AT WE GAIN
DRUG POINT WHEN YOU LOOK THAT'S
WHAT WE CALLED IT A RUG PULL
SCAM LIKE ALL THE LIQUIDITY YOU
LOOK AT SEVERAL OF THESE MEAN
COINS OVER THE YOU KNOW LAST
YEAR THE DEEP BY PROJECTS TO
FINANCE GOING TO HAVE DONE
THOSE THINGS IT'S REALLY YOUR
CRYPTO DG AND FOR THE MOST PART
UNDERSTANDS WHAT THEY'RE
GETTING INTO THE RISKY GAME
THAT
THEY'RE PLAYING.
>> BUT I'VE 90 SECONDS LEFT
WITH USE ON THE GO A LITTLE
RAPID FIRE HERE BECAUSE THERE'S
SO MUCH I WANT TO
ASK YOU. WE ARE ONE POINT WE'LL
TALK ABOUT BANKS. THEY WERE YOU
KNOW A LITTLE BEARISH ON CRYPTO
TO EVEN TRY TO
KILL IT NOT THERE. I'M NOT A
LITTLE THEY WERE BEARISH BUT
NOW THEY'RE LOOKING TO EMBRACE
IT AT THIS POINT IS IT TOO LATE
CAN THEY REGAINED CONTROL
AGAIN.
>> WELL BANKS CONTROL THE
WORLD SO YEAH, THEY DEFINITELY
YOU KNOW I RE DESCRIBED LIKE
THIS BY ANOTHER GUY ON YOU TO
PREDICT DAILY A WHILE BACK HE
SAYS THAT THE INSTITUTIONS THE
BANKS WERE THEY
TO DO IS WHEN A TRAIN LEAVES
THE STATION THEY CAN BACK IN
AND I THINK THAT'S WHAT
WE'VE SEEN OVER THE LAST FEW
YEARS A LOT OF YOU DON'T KNOW
THIS BUT OVER 50% OF THE
LARGEST BITCOIN ADDRESSES HAVE
BEEN CREATED SINCE 2019.
THESE ARE BILLIONS AND BILLIONS
AND BILLIONS OF DOLLARS WHO HAS
THE MONEY TO DO THAT PRETTY
MUCH ONLY BANKS AND
INSTITUTIONS AND HEDGE FUNDS.
SO YOU KNOW I THINK THEY'VE
ALREADY YOU KNOW THAT YOU HAVE
TO WATCH WHAT THEY DO NOT WHAT
THEY SAY THEY'VE BEEN CREATING
THESE ADDRESSES THEY'VE BEEN
PUMPING MONEY INTO BITCOIN
MEANWHILE, YOU KNOW JAMIE
DIAMOND WAS HERE TELLING YOU
THAT IT WAS RAT POISON AND
WARREN BUFFETT WAS DOING THE
SAME PATH YOU GOT TO WATCH
PEOPLE. DO WE SAY THAT WHEN
WITH THE WHALES
OUT AGAINST.
>> WHAT THEY DO NOT WHAT THEY
SAY THAT MAKES COMPLETE SENSE
AND SO MANY FACTORS OF LIFE OK
I DO WANT TO ASK YOU SOMETHING
OF TERM WE'VE BEEN HEARING MORE
AND MORE IN THAT
SPACE CALLED THE FLIPPING WHAT
IS THAT BAD.
>> THE PLUMBING IS WHEN WE HAVE
ANY COIN THAT COULD POTENTIALLY
PASS BITCOIN IN MARKET CAP WILL
TALK ABOUT PRICE BECAUSE HAS A
LOT TO DO
IS SUPPLY. NOW THE IS NUMBER 2
THERE WAS A TIME WHEN XRP WAS
NUMBER 2 BRIEFLY, THEORY IS THE
NUMBER ONE CANDIDATE TO
ACTUALLY COMPLETE THE FLIPPING
AND BECOME THE NUMBER ONE COIN
BY MARKET CAP.
NOW TO ACTUALLY CATCH THE PRICE
OF BITCOIN WOULD HAVE TO HAVE
LIKE ALMOST A
6 TIMES HIGHER A MARKET CAP,
THE BITCOIN WHICH BY WHAT
HAPPENED FOR A LONG TIME, BUT
HERE THE BULK OF THE WE BELIEVE
THAT IF IRAN DOES HAVE MUCH
MORE POTENTIAL IN BITCOIN IT
COULD BE MORE THINGS D BY
ENOUGH TEENS METAVERSE ALL THE
STUFF COMING
INTO PLAY. I THINK THERE IS A
CHANCE THE BY THE END OF THE
YEAR
WE COULD 3 BRIEFLY SEE THE
FLIPPING TAKE PLACE IS BITCOIN
IS RETRACING IF YOU'RE IN THIS
INNING ALL-TIME HIGHS
TRADITIONALLY ABOUT 6 WEEKS
AFTER BITCOIN OR 46 WEEKS
AFTER BITCOIN BUT I DEFINITELY
BELIEVE BY THE NEXT PEAK OF THE
CYCLE IN THE YEAR 2020 F