Ivan on Tech – BITCOIN: NEXT CRAZY MOVE!!!!!!!!!!!! (November 18, 2024, Summary)

Bitcoin’s Momentum Toward 100K Bitcoin is surging past $91K and closing in on $100K. Ivan believes this milestone is inevitable, driven by strong momentum and institutional interest. He anticipates larger weekly moves, potentially $20K jumps, similar to past bull markets. Institutional players like ETFs are buying Bitcoin aggressively, having purchased over 107,000 BTC in the last month alone.

Altcoins and Money Flow: Solana is outperforming other major cryptos, reaching $240, its highest since 2021. It’s gaining dominance against Ethereum, which has stalled in growth. Ivan notes that new users are favoring Solana’s ecosystem due to its speed and lower fees. Cardano has also seen a sharp rise, while meme coins like Popcat are capturing speculative attention. The current trend suggests that money flows from Bitcoin into Solana and meme coins, replacing the traditional cycle of Bitcoin-to-Ethereum-to-altcoins.

Macro and Political Shifts Impacting Crypto: The recent U.S. election results have reinforced Bitcoin’s bullish trend. Ivan emphasizes the significance of pro-Bitcoin leadership and policy changes, such as discussions around using Bitcoin to address national debt. He also highlights global adoption trends, mentioning a Polish presidential candidate proposing a national Bitcoin reserve.

Why Waiting Could Cost You: Ivan warns against waiting on the sidelines for price dips, as past trends show many fail to buy even when corrections occur. With Bitcoin adoption spreading among institutions and nation-states, he believes long-term holders are well-positioned for future gains.

Practical Advice: Ivan encourages readers to focus on fast-moving ecosystems like Solana and monitor meme coins for speculative gains. He advises maintaining a diversified portfolio while being cautious of overthinking during bull markets. Key risk management, such as leveraging only when confident and using reputable platforms, is essential.