Market Update - December 6, 2023

This changes things

Bitcoin’s price keeps zooming.

Some people think it’s too much, others think it’s just the beginning of something bigger, and I think it’s fitting that the mildest bear market in crypto history would end with a crazy upswing of almost 200% in less than a year.

Are you excited?

Good. Let’s not get ahead of ourselves. This update has urgent information you need to consider before you get too bullish or bearish.

Free tip!

The US government is about to sell 30,000 bitcoins. While it still hasn’t moved anything from its main wallet yet, it sent more test transactions to this wallet and several others since the transactions we saw last week. Definitely getting ready.

(We won't know when it sells until after it does so.)

Don’t worry about the US government! Worry about what's going on with the movement of bitcoins and the metrics we follow. More on that in this update, with these topics:

  • Video

  • What to do now

  • Act 3 but where’s the twist?

  • Altcoins failing and what “they” don’t tell you about Ethereum

I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them!

To speed up the video (shorten the playing time), tap the circled gear button at the bottom-right corner of the video. A playback speed of 1.5 should do ok for most of you.

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