I don’t know if it’s just me, but Election Night seems like a long time ago. There is so much uncertainty these days around what is the actual truth. It wasn’t too long ago that the concept of ‘Fake News’ was completely foreign. There was a time where we didn’t worry if the news we were getting was accurate or not. But now we are past ‘Fake News’ to the point that platforms like Twitter and YouTube feel the need to censor what is said. I imagine the heads of Twitter are thinking they are reigning in the ‘Fake News,’ but where do you draw the line. Censorship is dangerous and goes against a foundational belief of Freedom of Speech.
Another word for censorship is manipulation. Those who censor ultimately want to manipulate the message. We hope that those that censor want to manipulate the message towards accuracy. But since hope isn’t good enough, our forefathers demanded the right of Freedom of Speech.
Another form of manipulation and censorship is happening right before our eyes, and a lot of people are starting to realize it. Our MONEY is being censored (manipulated) with the trillions of stimulus money that has been printed. It’s hard to comprehend a $1 Trillion, but to give it some perspective, 1 trillion seconds equates to 31,668 years. At some point you have to say enough is enough. This is why I subscribe to Bitcoin because I know it cannot be censored or manipulated. Part of Bitcoin’s Constitution says that there will never be more than 21 million Bitcoin. Instead of having hope in the powers that be, I have hope in something that is a permanent law.
Uinta Crypto Course Successfully Launched
Tuesday, November 10th was the first ever Uinta Crypto Primer Course. The session was filled with 10 people that were ready to take their crypto knowledge to the next level. As I announced the course and started fielding questions, the common concern was around how novel the information would be and if they couldn’t just learn it on their own, which is a completely valid concern.
The value of the course is the piecing of all the moving parts together to easily and effectively understand the opportunity. For example, you’re not attending this course to learn what blockchain is and how mining works. Instead, the course weaves the concepts of scarcity, blockchain, mining, and economics to help you understand how Bitcoin is one of the greatest investment opportunities you could ever imagine.
Since the first class, one attendee told me that before the course he anticipated investing 5% of his investable assets into Bitcoin, but now he’s considering investing 50% ($100,000+) because he has a better understanding of the math and fundamentals that are backing Bitcoin. This is the primary value of my course, which makes me think I’ve underpriced it :). There’s already a lot of interest for a second cohort that will launch in the next week or two. If you or someone you know is interested, please let me know.
Weekly Pricing Analysis
Bitcoin sold off last Saturday, which is a typical strategy for market makers due to low volume. Unlike the stock market, the crypto market is open 24/7 and there’s just less trading (volume) on the weekends. As of Monday, Bitcoin rebounded and has been trading in range between $14,800 - $15,800. We are now seeing Bitcoin breakout above $16,000. We could see Bitcoin top out around $18k-$20, it’s hard to know. Whatever Bitcoin does top out at, we could expect a 30% pullback to $12,000. So if you’re not in yet, get your accounts open and your money deposited so you can buy the dip.
As for Ethereum, I’m expecting another big push up. I thought ETH/BTC had bottomed, but right now Bitcoin is outperforming Ethereum. As Bitcoin tops out, I do expect money to roll into Ethereum. There’s no guarantee, but that’s what I’m leaning towards. My target for Ethereum is around $550.