In this YouTube video, Anthony discusses the recent rise in Bitcoin prices due to Federal Reserve Chair Powell’s comments to the Senate Banking Committee outlining risks of keeping rates higher for longer. He explains that the current selling pressure on Bitcoin is coming from a German company trying to offload seized Bitcoin from a dark web marketplace. He also discusses the illiquidity of the market and the impact of institutional flows into ETFs. Additionally, he talks about the regulatory environment surrounding Bitcoin and how different political parties view cryptocurrency. Anthony believes that time is the only catalyst Bitcoin needs to continue rising in price. He also mentions that while Bitcoin is winning as a store of value in the crypto asset class, stable coins are becoming more popular for exchanges. Ultimately, he sees a positive future ahead for Bitcoin despite market fluctuations.
