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$175 Billion Trump Refund Just Hit… Is This The Crypto Market Bottom?

Jake Collis10:22

Transcription

Hey, what's going on guys? Welcome back to the channel. Today is a very important day. Regardless of what you're invested in, these are the things that I think you're going to need to pay the most attention to going forward.

There's a lot of instability out there, but what I've actually done today is a significant amount of dollar cost averaging. I currently see this area that we're in as a significant area for investing and dollar cost averaging in and really getting some of these lower positions in because we simply do not know where the floor is going to come in at. Things could continue to go downwards and that's why I'm not going 100% bulls deep. I'm not throwing everything I've got in at this moment in time. I'm simply doing a bit of dollar cost averaging, although it's a little bit heavier than I normally would.

And you're probably wondering, Jay, well, what have you actually dollar cost averaged into today? And the first one always on my list is going to be XRP. I think this is going to be one of the most significant assets in crypto. It's just going to take a significant amount of time for them to really integrate themselves to get that broader adoption they're seeking. But what I believe is there's going to be around 5 to 10 cryptos that really make it to the end phase. If we take a look at the .com era, we can actually understand that only a few products really made it to the end. Things like Google, things like Amazon, eBay, YouTube, all of these major platforms, right? And it's going to be the same with cryptocurrency. And I just believe wholeheartedly that XRP is going to be one of those larger contenders that makes it as an end result. And a lot of people fail to understand and recognize that all of the gaming infrastructure that's really hosted through Amazon Web Services is likely going to be hosted through Ripple XRP's technology. And that's where people fail to understand how heavily this technology can be integrated into your everyday lives before you even know it's happened. So, yeah, it's looking really, really good for Ripple. That article I had up there if you were just looking at it. I didn't really talk about it, but I thought it was pretty self-explanatory and it's Dutch bank actually tapping into the Ripple payment system and what it means for XRP holders. Overall, right now, this is bullish. This is that broader adoption that I'd spoken about many different times with XRP.

So, like I said, I did a bit of heavy dollar cost averaging into XRP. I also went in a little bit on a memecoin and it's one that I've never really paid much attention to, but because pumpf fun is such a huge contender and they really are their own ecosystem, them having their own coin, it doing so well during that last uptrend we had in this part of the cycle. Well, it's going to be a mover next time. So, I did a bit of dollar cost averaging into that. It's a risky play, I must admit, but again, if it pays off, I'm going to make some serious gains. I also invested a little bit into Solana and a little bit into BNB as well. We'll be doing some content on BNB in the future, no doubt. But I'm just I'm a huge believer in XRP Ripple technology and the fact that SBI Remit are so heavily interwoven into Ripple XRP's technology. It's a win-win situation for us if we're investing. I keep saying this to people and I will stand by it. These bigger entities that are going to come in and harness the technology, which is Ripple XRP, are going to likely be transacting at face value at the time. It doesn't matter for them because they're not likely going to hold it as an asset that they're trying to gain value on simply just by sitting on it. They're likely just going to be transacting with it. And that is what is going to push the overall price of the coin up continuously for someone like you who is holding and sitting on it to make extraordinary gains.

Like I said, today is a very important day and the US Supreme Court has been deciding whether Donald Trump's tariffs are actually illegal and the Supreme Court has now ruled on that decision and this is potentially triggering $175 billion in refunds. So, if you're wondering how significant this actually is for the cryptocurrency market, the downtrend that we've been in, this bare market that we've been suffering is essentially rooted from the beginning of those tariffs being laid out on everybody. The crypto market simply goes into despair at that point. The crypto market is actually now going green. This is a really good sign to see, especially after the US Supreme Court has ruled only moments ago at 3:12 p.m. that, yeah, it's illegal and there's likely going to need to be a lot of refunds. And Donald Trump himself, and I know a lot of people in the United States really love this guy. I'm someone who believes in world peace, in people really talking things out instead of going to war with one another. There's so much uncertainty out there at the moment that gold, oil, silver, aeronautical stocks, defense stocks, anything that's really to do with the mobilization of armed forces, right? The things that really move during wartime, during uncertainty are going to be gold, silver, and oil and those essential resources, right? And the more uncertainty that comes in, the more of these threats that are really made by Donald Trump towards uh Iran, it's just going to cause more instability in the market. Although we've had this win in the Supreme Court, which could bring in a reversal in the overall market. And if you're invested in crypto, that's really what you're looking for. Erase the emotion, erase the political pieces of it, and just simply say, "This is actually going to bring me gains, and I can actually trade around this news."

Now, like I saying, there's rising tensions in the Middle East. There's threats being made by the United States toward Iran and Iran making threats back to the United States. And these things are all going to drive silver, gold, oil, defense stocks, aeronautical stocks, and this is going to bleed other riskier assets dry. There's going to be less money coming into those riskier plays and things going to really what is likely going to be a rising asset and if not rising at least stable during instability and during a possible global conflict. These are all of the things that I look at with crypto because it all has an effect. It's everywhere at the moment. These developments in the Middle East just don't stop. And giving a duration of 10 to 15 days for this attack to take place, for it to be done and dusted. It's just more negativity. It's going to be more instability and it's going to drive more people to invest in gold and silver and oil. Like I've been saying, and I've been mentioning this recently, and a lot of people failed to understand this. Uh, Bitcoin cryptocurrency itself has never really seen uh a true global conflict if you will, a world war. During wartime, people do transact in gold, but not the everyday average Joe. That is all going to fall down to really currencies, right? If anything, during World War I and World War II, people would use ration cards as currency. Again, cryptocurrency has never seen a global conflict. So, although, right, there could be all of this instability. There could be a point where Bitcoin just goes, "Hang on a minute. I'm actually usable. You can actually transact with me as an everyday average. Joe, you're not going to go out and trade and barter in gold and silver, but you're likely going to be able to do that with cryptocurrency. It's a 21st century handshake at this point between you and another person.

So, yeah, really really not a fan of Donald Trump at the moment. And if you are a huge fan, I totally get it. I don't want to get into the politics of these things, but when the market is really sustaining hit after hit after hit, and you've got all of these tariffs that have been put in place that are now going to be lifted, well, it's going to probably send the market into a frenzy. The bottom does have to come in at some point, and those who weather this bare market are going to be those who really prosper in the future. Something I wanted to throw in at the end here, and I'm not a political person, but I think Donald Trump's days are numbered. If you're keeping up with the news in the United Kingdom, you will currently see that the legal bodies in the United Kingdom are going after royalty in connection with Jeffrey Epstein and all of these documents being released. As soon as Donald Trump's presidency is over, he is going to be marked. It's not going to be long until you see articles of Donald Trump being arrested and Donald Trump's properties being searched and them going through files that have likely not been released yet. I know the US has been strategically releasing the Jeffrey Epstein documents in a manner where I guess Donald Trump will likely be last. There's many more people that are going to get caught up in this and Donald Trump isn't innocent. I'm not saying this is going to be beneficial for the market. But I really do believe because of my understanding at the beginning of all of this thinking Donald Trump was going to be great for crypto, he's going to be great for the markets, but he's not. We're suffering one of the worst bare markets we've ever been through. And yeah, it's just simply not good at the moment. There's just so much negativity out there. And again, I did some dollar cost averaging. I wanted to give you guys those important points of really what is going to be driving the market going forward. Keep an eye on silver, gold, oil, defense stocks, all of these different things. When they finally cool off, when we finally start to get some stability out there, I really do think Bitcoin is going to go on another humongous run. And we should always look at the positives. If BTC has finished, if it's not going to go up anymore and it's done for this part of the halving cycle, we are due some kind of altcoin season, some kind of meme coin season. So, you really need to start thinking about trading around those things. You need to cover as many bases as you can because you simply do not have a crystal ball in these circumstances.

But hey, look guys, don't worry because based on tremendous interest shown, Donald Trump will be directing the Secretary of War and other relevant departments and agencies to begin the process of identifying releasing government files related to aliens and extraterrestrial life, unidentified aerial phenomenon, and unidentified objects being UFOs and any and all other information connected to these highly complex but extremely interesting important matter. matters. So, there you go, guys. Don't worry about everything else. Aliens are real. We're going to be getting all of the alien files in the meantime.

But, yeah, that's all I've really got for you today, guys. Have a really, really nice weekend wherever you are. I hope you have a nice Friday as well. It is absolutely hammering it down where I am. And I've got my two youngest ones for half term, which is coming to an end. But, it's been great, guys. Stay safe, stay humble, stay aware, and I will catch you in the next one.