The bitcoin bull run continues with bitcoin hitting eighty nine thousand dollars today, incredible gains. What is the next price target and when will we see one hundred thousand dollars. I want to share what different analysts are saying and the charts as well. And will Gary Genser go to work in the crypto industry? Will a crypto company hire him after he gets kicked out of the SEC. I'll share what some folks are saying, and you won't believe
what Sam Altman said about the future of crypto. Let's get into it. Hey, everybody, welcome into the Thinking Crypto podcast. You're home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in, 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 or Apple, please leave a five star rating and review. Folks, What an incredible day for bitcoin
A face melter. I woke up this morning, I looked at my phone and bitcro was at eighty two thousand dollars. At the end of the day, it touched eighty nine thousand dollars. What a gain. What a pump. It is officially in the parabolic phase. And this is the fun part of the bullmarket, guys, when things go parabolic and they melt faces and the masses wake up right and then the euphoria starts and it happens in phases. It doesn't happen in just a week. Obviously, this thing can
go on for another six to eight months. But Bitcoin is moving really strong here, guys, which is very bullish for the entire crypto market. If you've been a follower and a listener of this podcast, we've talked about the rotation of liquidity from Bitcoin down to all coins. So this thing has been ripping, guys. And what's unique about today also it is the biggest gain into a daily close of over eight thousand dollars, So this is the largest in history. Here the numbers provided by Alex Thorne
of Galaxy. He said today November eleventh, twenty twenty four, was the biggest daily gain in bitcoin history. Incredible pump. Now, I do want to remind you guys, nothing goes up in expect Bitcoin to have some level of cooling off, build support levels so it can keep going up. Remember, it needs to cool down. It needs to build support levels, because that is the setup that's needed to go to
higher highs. Unless there's some global buying of bitcoin and I'll talk a bit about that later that we don't know about. Unless there's that type of what you may call white Swan event, right where the entire world of central banks are like, okay, we're making bitcoin a reserve asset and we're all buying, then all the market psychology technical stuff is off the table because that's game changing.
But in a normal market pace where there's not a White Swan event, if you want to call it that, Bitcoin needs to cool down, right, and this is important to build those support levels so it can keep going higher. It needs these support levels to keep going higher because if it goes up like this, it just continues. It's not sustainable and there's a high risk of a massive rollover and a crash. Right. This is just the nature of markets and how they function. So but incredible move.
I'm blown away by what bitcoin is doing, and of course all coins are seeing some of the liquidity. They're starting to move. Etherorem is back over thirty three hundred, Solana just about two hundred and twenty dollars BnB at six to fifty five. You got dose coin continuing to pump, guys. It is up one hundred and twenty one percent over the past seven days, currently at thirty five cents. XRP at sixty cents, up twenty percent. Cardono has cooled down
a bit. It is currently at fifty eight cents, just up seventy eight percent over the past seven days, and on and on. Shiba Enu is moving as well. So, guys, bullmarket is in motion here. Obviously, a lot of alts have to catch up. They haven't fully retraced their old all time high. But Bitcoin has to steal the show. You know, I've been telling you guys about this. Bitcoin sucks into liquidity and then it starts to disperse into the all coins, large caps, midcaps, low caps, and so forth.
So what happens next for bitcoin? What is it going to do? You know, let's say it cools down here, build some support level as well. Some analysts are calling for ninety six k here. Jason Pizino says bitcoin just hit my next short term price target of eighty nine thousand dollars. That's a ten percent move in a single day, making this technically an extension of the reference range. The next target is ninety six k. He's not the only
one saying that. Wrecked Capital shared a great chart here showing the twenty twenty candle four rallied one hundred and six plus percent after breaking its respective for your cycle resistance of thirteen thousand, eight hundred and fifty six dollars. If Bitcoin were to repeat a one hundred and six plus percent move in this current twenty twenty four candle four, it would end a year at around ninety six thousand,
five hundred dollars. But at the pace Bitcoin's going right now, it seems these things are going to happen sooner than later. But of course, the market can always do what we don't expect it, and that is we didn't expect this pump. But also we may not be expecting a deep correction or pullback. I shouldn't say correction, but a pullback. Bitcoin can pull back and test the seventy nine eighty thousand dollars support level before continuing, So just be prepared for
all these things. It's important to keep these things in mind so you can balance your emotions, because the volatility can play with your fear and greed emotions, right, and you guys know what I'm talking about if you're following this channel, so be prepared for some sort of pullback, or be prepared for just a small pullback. And Bigcoin says, you know what, screw all the models and all the
principles and let me go to ninety six thousand dollars. Right, But guys, we are not far from one hundred thousand dollars. I mean we're just twelve thousand dollars away. So one hundred k is right around the corner. Pretty amazing stuff. And you may say, well, who the hell's buying, Well, apparently micro Strategy has been buying. They bought another twenty seven two hundred bitcoin at around two billion dollars, which is incredible. The etf issuers continue to buy, so let
me refresh this here from Thomas Fahre. He's been doing a great job covering the buying from different folks. So Fidelity three hundred and ten bitcoin today, Arc bought two hundred and thirty five bitcoin, the folks at bitwise bought four hundred and eighty five bitcoin. It doesn't look like he has the black Rock data yet, but Blackrock, we know, has been sucking up as much bitcoin as possible, and they have not been selling the outflows for black rocks.
I haven't been next to nothing, guys. It's incredible. And here, Dennis Porter, who I will be having on the podcast very soon, said five countries have reached out to him since he offered to help them put together strategic bitcoin reserve legislation. He says, now the success we've had passing legislation in the US can be exported across the world. Bullish. So he's been talking to different countries. He actually had to reschedule our interview because he had to go to
South America. He's getting calls about how folks can integrate bitcoin and buy bitcoin, and much more so the fact that the United States has on the table a bill essentially for bitcoin to be a strategic reserve asset. Other countries are noticing and they're going to try front run the United States. So you're going to have some game theory playing out here. As I've talked about for many times, right, no one wants to get left behind, and it wouldn't
surprise me if more nation states start adopting bitcoin. We've hit the tipping point for countries adopting guys, and I think Wall Street was the complete validator of that. Once Blackrock, the world's largest asset manager, went ahead and said, hey, we're launching an ETF and Larry Fink's on TV talking about how it's a great option, a great hedge against what may be happening, and all that it was over. If Larry's doing it, black Rock and Wall Street's doing it,
then the politicians are going to follow. Different countries are going to follow. Right if you understand the economic system we live in. And here's an example of the global race, Verdet Asset Management, the Brazilian money manager run by industry veteran Lewis Scholberger. If I'm saying that right, Stollberger is among those riding the bitcoin rallies sparked by Donald Trump's return to the White House. So hedge funds around the
globe are betting on bitcoin and crypto. Incredible stuff, folks. A great place where you can buy bitcoin in all coins is on Gemini, which is a top crypto exchange I've been using for years. Gemini has a great exchange, great app, Their platform is easy to use, and they have a credit card. They have a stable coin called Gemini Dollar. They have staking and a ton of other features, folks,
and they are available in over seventy plus countries. They're certified, regulated and licensed, and if you sign up with my link in the description, you can get fifteen dollars in bitcoin when you trade your first one hundred dollars. So check out Gemini link in the description. All right, guys,
let's talk Gary Ganser. We're starting to see a lot of media articles and pieces about Gary Ginster's failed agenda and how he's totally screwed up crypto and that was a big part of Democrats losing the race because Elizabeth Warren was empowering him, and then that led to crypto
spending the most money in this election cycle. And it's not just the presidential race, it's in Congress, the Senate, in the House, and we saw a majority of pro crypto candidates won and a lot of anti crypto people lost. So incredible stuff, guys. So here's a headline from today. Gary Ginster's ambitious sec agenda could be near its end. Oh, it's definitely at an end. But here's something that Frank
Shapiro said, and I really love this. He said, honestly, If any crypto or fintech firms give money to Gary Ginser in any capacity after he's removed from the SEC next year, they should be completely ostracized. No book deals, no advisory rolls, no professorships. If you want to be taken seriously, and if a law firm hires him and they're on your payroll, fire them. I will personally commit to not allowing any firm or project or entity affiliated with him on my podcast. I love this. The industry
needs to take a stand. We've seen guys leave the SEC and go work at firms which work with crypto. Right the Enforcement director gerbil Gerwald just did that. I don't know. I don't think anybody is going to hire Gary, but if they, that would be such a bad look because the guy who's outright attacking industry lying taking unwafful actions. I mean, he went to war against the industry. So I agree with Frank here, and hopefully no crypto company is dumb enough to hire this guy against her, and
hopefully Ginser just disappears, he goes and retires. Now check this out, Sam Altman, who of course a big time entrepreneur working on AI and much more. You guys know who he is. He tweeted out today amazing progress at a World cooin over the past year. Super proud of the team and especially Alex Blania's leadership, rare combo of vision and execution ability. More generally, I am feeling good about a bright future for cryptocurrency. Wow. This is no
Joe Schmoe, random dude on the internet. This is Sam Altman, right, and he's building AI and he's saying this about crypto, but he recognizes the opportunity here. That's why he's part of World Cooin. Now. I don't hold World Cooin to and I'm a little weary of some of the things they're doing with regards to the IRIS scan and people's data.
But the fact that someone like this, a visionary, someone who's building futuristic technology with AI and much more, sees the potential of crypto and he's involved in both, that's a big sign, folks. That's a very big sign. Same thing with Elon, right. Elon is the same way big time entrepreneur believes in crypto is going to integrated. Tesla and SpaceX have bigcoin under balance sheets. So I think
we've crossed the chasm. People recognize the impact of this technology, the future application, and that it is here to stay. Hunter Horseley a bit wise you know retweeted Sam and says pioneer of modern AI movement bullish on crypto. What other signs are people hoping for? At this point? He's spot on, folks, that's the news. Let me know what you think about bitcoin's strong move and if Genser might
go work in the crypto industry. Would love to hear your guys thoughts and comments and great way you can support me in the podcast, guys is by signing up from free email and news that are on Substack. It's one hundred percent free. Also, grab a copy of my book, Rethinking Crypto and Amazon. It's available in paperbacking digital. Buy a copy for yourself, buy a copy for your friend or your family, and help them to learn about crypto as this bull market heats up. Let them not get wrecked.
Let them understand the past, president and future of crypto. It includes some investment tips and much more so education.
Knowledge is power, guys, So help these folks that you know to understand what the hell is happening here, Why Sam Bank, myr Freed, and the FTX were not the ethos of crypto because many of folks, the average Zone Jane, they've heard of Sambak my Freed, and that's the perception they have of crypto, that it's all a scam because of Sam Banker, your Freed and all the things he did. But obviously we know that's not true. Sam Beckmfreed was
just a bad actor. So this book covers that. So grab a copy, guys, and if you bought a copy you already, please leave a rating and review. It will really help me out. Thank you so much. I appreciate you, guys, and I'll talk to you all later. Attest bust test test