🚨BULLISH SIGNAL ON BITCOIN RAISED BY PAUL TUDOR JONES & JIM CRAMER! CAROLINE ELLISON SBF TESTIMONY🚨
welcome back to the thinking crypto podcast your home for cryptocurrency news and interviews if you are new here please hit that subscribe Button as well as the thumbs up button and leave a comment below if you’re listening on a podcast platform such as Spotify Apple or Google please leave a fivestar rating and review it supports the podcast and it doesn’t cost to anything well folks we got some very bullish news coming from billionaire investor Paul tutor Jones and Jim Kramer yes Jim Kramer let’s start with Paul tutor Jones first because he stated today on CNBC
that he is bullish on bitcoin and gold here’s the headline Paul tutor Jones doubles down on bitcoin as recession looms now Paul tutor Jones if you recall those of you who were here back in 2020 remember the smoke signal he put up remember the flag he raised and then all the institutional investors followed him he went on CNBC after the whole coid crash and much more and he said Bitcoin is the fastest horse in this environment it’s the fastest horse in the race right this was a big time signal from one of the largest institutional
investors and wellknown and then you saw Stan dren Miller and Bill Miller and all these guys started coming out and everybody was
tutor Jones is long and it makes sense the Bitcoin spot ETFs could get approved within the next six months in addition to bitcoin having is next year so Paul knows the bull markets are going to come back we just have to be patient he’s of course putting out a narrative out there and uh includes both gold and Bitcoin let me give you some of his statements I would love gold and Bitcoin together tutor Jones said I think they probably take on a larger percentage of your portfolio than they would historically because we’re going to go
through a challenging political time here in the United States and we’ve obviously got a geopolitical situation so he’s highlighting uh the US’s fiscal situation to recession and much more and he’s using gold and Bitcoin as hedge so very interesting here and the comments come amid what tutor Jones said might be the most threatening and challenging geopolitical environment that he’s ever seen he added that the US is probably in its weakest fiscal position since World War II very very interesting statements folks so we could certainly see Bitcoin and the crypto asset class which is not 100%
tied to equities and you know businesses and so forth do well now don’t get me wrong Bitcoin we’ve seen historically has moved with the equities markets but there have been times it has deviated so we’ll see what happens you know maybe FIS the equities do well because the US starts QE again next year right how are they going to pay for um all the support they’re sending overseas for the wars and much more in addition to the FED almost being at a point where how much how much higher can you keep raising rates until you
really break the economy and cause more damage than the inflation that’s uh they’re currently fighting right um so I think the FED will wrap up raising rates at the end of this year I think next year they will uh start QE and start some sort of stimulus I think we could see that with the recession and once again uh World conflict and much more so Bitcoin um even equities could do well we’ll just have to wait and see but I think this is a very bullish statement now folks enter Mr Mad Money himself Jim Kramer
on the same day this man says I don’t like Bitcoin Mr Bitcoin is about to go down big it’s interesting that he called it Mr Bitcoin well that’s Jim Kramer for you it’s almost like Paul tutor Jones put the signal out for the institutional investors and other funds because not a lot of retail people know who Paul tutor Jones is but they certainly know who Jim Kramer is right and a lot of people watch his show and God I I hope they don’t take Financial advice from him I know some probably do I I’ve said
many times don’t listen to this man you always do the inverse right he is exit liquidity for institutional investors he’s not working on behalf of you to help you make money folks so this guy now is spreading fud on both gold and Bitcoin so after rebuffing gold Kramer turned his attention to bitcoin as a possible alternative place to invest some money uh I can’t be in something where Mr Bitcoin is about to go down big he said during CNBC Squawk on the street so uh this guy’s you know a clown of course and once again
you do always do the inverse I’ve done the inverse of Kramer many times and made a lot of money um doing so one was just earlier this year I he said to sell warb Parker stock I bought warie Parker stock and made a 30% return so you can inverse him in many ways now that’s not to say that tomorrow bitcoin’s going to pump right it’s not an instantaneous thing usually you have to have a bit of an extended view so maybe over the next quarter Bitcoin does really well right and some folks were sharing uh
charts on Twitter you know showing anytime Jim Kier was bearish the market then pumped in the following weeks and so forth so let’s see what happens once again it’s not a perfect science but I think 90% of the time we’ve seen when Jim Kramer says something he takes a position whether he’s bullish or he’s bearish you do the opposite and you’ll do well so guys this this actually has me feeling bullish and and it’s the combination of Paul tutor Jones and Jim Kramer so you know take it for what it is now quick from our
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if you’d like to learn more about uphold please visit the link in the description all right folks so we also had Caroline Ellison testifying against Sam beachman freed in the trial today uh of course it was a circus parade uh everybody was trying to take a photo of her as she headed into court and there were some very big takeaways from her statements uh that she made today first she said sck mfried and her committed fraud and he directed her in misusing FTX user funds um in addition there was details that she had a $200,000
salary at FTX but listen to this folks she made a bonus or received a bonus of $20 million in 2021 holy crap and remember Alam was losing money right they were uh gambling with the funds and then they took customer funds and gamble with that and they kept losing right and obviously they dug a huge hole and obviously we know billions of was lost uh so she made $20 million in a bonus Jesus Christ I sometimes I wonder what am I doing with my life but obviously we know that didn’t turn out well for her
she’s probably going to see some jail time um but she obviously made a plea de deal and uh she’s going to expose SPF uh and and you know I think she certainly has a lot of incentive to give as much dirt because Sam tried to screw her over by releasing her diary right I mean it was one thing to that she was probably going to um you know probably say certain things like yes we did fraud and much more but now it’s like dude you tried to throw me under a bus right by releasing my
diary and much more not to mention they had a relationship so it’s pretty messy Sam backman freed is is screwed um some other details that came out was um some of the questioning from the attorneys uh towards Caroline Ellison were very interesting um let me read some of it for you so here’s what the attorney had to say once you were at Al MAA and you discovered losses what did the defendant tell you Ellison said that he was sorry and would tell me more the attorney then asked did your relationship remain strictly professional Ellison said
no uh Ellison said we started sleeping together on and off in the summer of 2020 we dated and broke up uh the attorney asked what did the defendant tell you about his Ambitions Ellison said that he would be president uh attorney asked of what Ellison said the United States so apparently s SPF wanted to be the president of the United States now he’s going to be the president of some jail cell and some jail prison somewhere I don’t know but uh man Sam had the opportunity man but he screwed it up big time now here’s
some more questioning and answers uh the attorney said did there come a time the defendant told you to use FTX funds Sam B mre’s lawyer said objection leading the judge judge Kaplan said sustain uh the attorney asked where did you borrow from uh Ellison said third parties and FTX um the attorney asked when did FTX received money into alama’s bank accounts Ellison said uh 2020 and in 2022 North Dimension was the name I was aware of attorney said how much FTX money got deposited from with Alama Ellison said 10 to2 billion oh my God what
a mess uh but this is why SBF got to go to jail due the crime you got to pay the time now Ron Hammond of the blockchain association um gave his weekly crypto and Congress um you know pretty much the updates in DC and look he highlighted that obviously between Israel and the shutdown that was SL that is slated for November 17th and the need to get an a speaker uh you know for the house and much more it’s been a mess and crypto has been on the back burner but he said Patrick McKenry is
still trying to get the votes to get something out for crypto you know whether it be the market structure bill or stable coins uh or the stable coin regulation bill but obviously folks um uh you know our timeline our optimism for something getting through the house at least this year it’s not looking too good and obviously because of the all the other things that are going on but maybe Patrick McKenry can pull something through here uh and hopefully he can rally the troops to get something done but obviously this conflict in the Middle East is
throwing everything off right um and of rightfully slow it’s it’s a war that’s happening now so uh we’ll see how things go but just an update that you know this whole crypto regulations thing if it doesn’t happen this year or early q1 of next year it’s probably going to get pushed to 2025 so just be prepared for major delays and I’m hoping fingers cross we get some sort of Miracle here now finally derit exchanged to offer options on more tokens expand in the EU derit plans to add options for salana xrp and madic next year
it is also seeking to apply for a brokerage license in the EU so we’re seeing more exchanges and crypto companies are expanding globally adding new functionality um providing services for new tokens and much more so this is great folks uh they’re not doing this to lose money they’re looking to make more money and many of them are ramping up preparing for the next bull market even though look it’s not next month it’s it’s probably uh in my opinion I think the bull market officially starts on the Bitcoin having next year so um but you know
the everybody is expanding and doing their thing look folks like I said at the beginning of this podcast I am bullish Paul tter Jones is putting up the signal and so is Jim Kramer so we shall see what happens um let me know what you guys think leave your thoughts and comments below hit the Thumbs Up Button hit the festar rating on the podcast platforms and I’ll talk to you all later
