CryptosRUs shared his latest insights during a Sunday walk, highlighting the critical juncture at which Bitcoin finds itself. The CoinSpeech team collected the most important takeaways from his recent appearance. Find the CryptosRUs’s new video below.
Embracing the Challenge of Getting Fit
The video opens with CryptosRUs sharing his personal fitness journey, emphasizing his need to get back in shape. He recounts his experience of tackling a local stairway, struggling after just a few sets. “I used to take those stairs like nothing when I was in shape,” he said, underscoring how much his fitness has declined. However, he’s optimistic about returning to form and expresses admiration for the rigorous training regimes of participants in the IFC: “Big respect to them… I’m going to try to represent the IFC the best way I can.”
Bitcoin’s Critical Moment
The focus then shifts to Bitcoin, where CryptosRUs dives into the latest market trends and potential breakthroughs. Despite a recent fake out, he reassures viewers that momentum remains strong. “We were pressing against 71,000… there is nothing stopping Bitcoin after this level,” he explained. He highlights the immense pressure from shorts, predicting that breaking through will lead to rapid gains: $75,000-$80,000 within a day and possibly $90,000-$100,000 in a week.
Observations on Altcoins and Market Dynamics
CryptosRUs discusses the weakening of altcoins compared to Bitcoin’s growing dominance since March. He notes, “The dominance of Bitcoin is certainly moving higher,” advising caution with altcoin investments. “It’s not altcoin season… I think later this year and that start this week we could be 80k by the end of this week.” He reiterates his 50-25-25 portfolio strategy, ensuring stability while allowing for growth opportunities.
Institutional Impact and Economic Factors
Significant inflows from ETFs played a pivotal role last week, with almost $2 billion invested into Bitcoin ETFs. He dismisses any notion that these investments do not impact Bitcoin’s price: “They are slowly taking all of the Bitcoin out of circulation.” He also discusses recent economic data, pointing out mixed signals from job numbers and the potential implications for Federal Reserve rate cuts. “If it’s this month, it’s going to be absolutely crazy,” he predicts.
The Influence of Roaring Kitty
Interestingly, CryptosRUs delves into the influence of Roaring Kitty, a non-crypto figure whose activities are closely watched by the crypto community. “Everyone was watching that stream,” he remarked about Roaring Kitty’s turbulent live stream. The community hopes Roaring Kitty will pivot to embracing Bitcoin and crypto more fully. CryptosRUs envisions a significant impact if that happens: “He’d be the most influential person in the [crypto] space by far.”